The 2023 World Artificial Intelligence Conference concluded in Shanghai on Saturday, with purchasing and investment contracts worth billions signed on site. Wu Jincheng, director of the Shanghai ... ( read original story ...)
Driverless robotaxi services launched in Shanghai’s Pudong district
Driverless robotaxi services were launched in designated areas of Shanghai's Pudong New Area as the district's first batches of licenses for the commercialization of autonomous driving were issued on ... ( read original story ...)
Ant’s share repurchase plan values firm around $79 bln, down sharply before crackdown
Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some ... ( read original story ...)
Tesla Inc. cuts battery production workforce in Shanghai amid fierce price war in China, suggests report
Tesla has reportedly initiated layoffs of battery production workers at its Shanghai plant due to a challenging price war in China's car industry. The exact number of affected workers and reasons for ... ( read original story ...)
Ant Group gets ‘very manageable’ $984 million fine as China ends tech crackdown that thwarted world’s biggest IPO
it may take longer than anticipated to resume an IPO. Companies can’t list domestically on the country’s so-called A-share market if they have had a change in control in the past three years — or in ... ( read original story ...)
Alibaba’s Ant Group Accepts Fine, Could An IPO Be Next, Week In Review
Asian equities ended a down week lower in advance of US employment data this morning. ( read original story ...)
China Ends Tech Crackdown With Fines on Tencent, Ant Group
Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market ... ( read original story ...)