Ecommerce group Amazon is shutting down its Shanghai artificial intelligence lab, becoming the latest US company to retreat from Chinese research efforts amid rising geopolitical tensions. ( read original story ...)
US federal court upholds dismissal of terror victims’ claims against global banks
A US federal court on Monday upheld the dismissal of claims brought by US service members and civilians against three major global banks accused of indirectly funding terrorist attacks in ... ( read original story ...)
Wells Fargo executive barred from leaving China, as bank suspends travel there
Wells Fargo has suspended all employee travel to China after a U.S. executive was barred from leaving the country last week due to "a criminal case," several national news outlets have reported. ( read original story ...)
China’s STAR market sees surge of hard technologies amid 6th anniversary
The Nasdaq-style sci-tech innovation board of the Shanghai Stock Exchange, known as the STAR Market, marked its sixth anniversary on Tuesday. Since it was established, the board has grown from being ... ( read original story ...)
Wells Fargo banker blocked from leaving China amid criminal probe, Beijing confirms
A senior Wells Fargo banker is barred from leaving China while authorities investigate a criminal case involving her, Beijing says, sparking fears among foreign businesses over the use of exit bans. ( read original story ...)
The hidden numbers dragging down China’s economy
A slump in property transactions in smaller cities highlights the difficulty of reviving China’s property market. ( read original story ...)
Zhipu, Not DeepSeek, Is OpenAI’s Real Threat – And It’s Reportedly Considering A Hong Kong IPO
DeepSeek may be grabbing all the headlines as China's homegrown challenger to foreign AI dominance. But U.S.-based ChatGPT creator OpenAI more likely views Beijing Zhipu Huazhang Technology Co. Ltd. — ... ( read original story ...)