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China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium … Continue reading China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes

Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information. These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company … Continue reading Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure

Chinese tech giant Tencent Holdings, the owner of China’s messaging platform WeChat has announced that the company will be investing 500 billion yuan ($70 billion) in the next five years in emerging technologies including blockchain, artificial intelligence (AI), cloud computing, and cybersecurity. Tencent is aiming to strengthen the development of FinTech in China, following the … Continue reading China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure

China’s Blockchain Service Network Unveils New International English-Based Website

China’s Blockchain Service Network, introduced in early 2020, has launched an official international website. The Chinese Blockchain Service Network (BSN), has been open for commercial use since April 2020, after six months of internal testing. The BSN aims to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network. … Continue reading China’s Blockchain Service Network Unveils New International English-Based Website

Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase

The market of the Metaverse could triple China’s online gaming market from $44 billion to $131 billion, according to a recent research report by JPMorgan Chase (JPM) on Thursday. At present, the metaverse is still mainly in the concept version 1.0, that is, a virtual world that satisfies the experience attributes. All AR/VR scenarios can be … Continue reading Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase

Alibaba Enters AI Race with Tongyi Qianwen Chatbot

Alibaba, the Chinese e-commerce giant, has announced its own version of a chatbot assistant, called Tongyi Qianwen. The new product is expected to be rolled out in the near future and will be integrated with Alibaba’s vast ecosystem of tech businesses, including the workplace messaging app, DingTalk, and the voice assistant smart speaker, Tmall Genie. … Continue reading Alibaba Enters AI Race with Tongyi Qianwen Chatbot

Tencent Cloud Launches Deepfake Generator

Deepfake Generator, a New Service Offered by Tencent Cloud, Gives Users the Ability to Generate Fake Videos of Other People A new digital person production platform has been introduced by Tencent Cloud, the cloud services provider of the Chinese tech giant Tencent. This platform makes use of deepfake technology in order to generate fake films … Continue reading Tencent Cloud Launches Deepfake Generator

Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum

On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the “Beijing Web 3.0 Innovation and Development White Paper (2023)” at the parallel forum of the Zhongguancun Forum titled “Web 3.0: Future Development of the Internet Industry.” The release of the White Paper aims … Continue reading Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum

Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

Rabbit Inc, a Los Angeles-based AI startup, recently unveiled its cutting-edge mobile device, the Rabbit r1, at CES 2024, marking a significant stride in the realm of mobile technology. The r1, priced at $199 and available for pre-order, is poised to redefine our interactions with digital devices through its innovative features and user-centric design. At … Continue reading Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction

U.S. Tightens Microchip Export to Sustain AI Leadership Over China

The recent remarks by U.S. Senator Mike Rounds at the World Economic Forum in Davos have shed light on a crucial aspect of the ongoing technology race between the United States and China. As the U.S. continues to enforce strict controls on the export of advanced AI chips to China, it highlights the tenuous balance … Continue reading U.S. Tightens Microchip Export to Sustain AI Leadership Over China