11/24/2025 8:17:22 PM Bitcoin mining in China rebounds, defying 2021 ban By Andreas Ioannou China had been the world's biggest crypto mining country until Beijing banned all cryptocurrency trading and mining in 2021, citing...
7/29/2025 12:05:14 PM Z.ai Says New AI Model Costs Less to Use Than DeepSeek By Samantha Wulfson Chinese startup Z.ai (formerly Zhipu) just released GLM-4.5, an open-source agentic AI model family that undercuts DeepSeek's pricing...
1/31/2025 3:21:28 PM OpenAI says it has evidence China’s DeepSeek used its model to train competitor By Cristobal de Atucha The San Francisco-based ChatGPT maker told the Financial Times it had seen some evidence of “distillation”, which it suspects to be from...
5/6/2024 6:24:33 PM China’s Ant Group doubles down on global expansion with cross-border payments offering Alipay+ By Sarah Wolter Ant Group is looking to expand into the payments markets of Europe, Middle East and Latin America with its Alipay+ offering. The company...
1/25/2024 4:30:02 PM Chinese fintech giant Ant Group sets up AI unit led by former Google researcher By Sarah Wolter Ant's increased AI efforts come at a time when most major Chinese tech companies are investing in large language models (LLMs) - the...
12/1/2023 4:05:39 PM Gold bars and Tokyo apartments: how money is flowing out of China By FinTech Collective Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is...
7/26/2023 3:20:10 PM Jack Ma-backed Ant plans restructuring, paving way for HK IPO By Sarah Wolter The company is looking at leaving its blockchain, database management services and international business out of a main entity that will...
7/10/2023 2:42:51 PM Jack Ma’s clash with Beijing costs Ant, Alibaba $850b By Sarah Wolter Ant has had to overhaul its business model, pulling back from sensitive sectors and easing up on competition with state-backed banks. Its...
6/22/2023 8:32:41 PM Can China reverse its population decline? Just ask Sweden By Sarah Wolter With 850,000 fewer births than deaths last year, at least according to the country’s official report, China joined an expanding set of...
6/14/2023 2:44:30 AM Bank of China investment arm issues tokenized notes on Ethereum By FinTech Collective BOCI, an investment arm of the Bank of China, issued tokenized notes in Hong Kong, marking the first time that a financial institution in...
3/29/2023 1:05:19 PM FTX founder Sam Bankman-Fried charged with bribing Chinese officials By Sarah Wolter The indictment, unsealed Tuesday, is the third Mr. Bankman-Fried has faced since the collapse of the crypto exchange. It alleges that in...
3/21/2023 1:41:56 PM Vanguard said to shutter business in China, exit Ant Venture By Sarah Wolter The moves will mark a complete exit from China for the $7.1t giant, which once saw significant potential in the world’s second-largest...
2/21/2023 8:32:11 PM Hong Kong’s crypto hub ambitions win quiet backing from Beijing By Sarah Wolter Local crypto operators say their presence is clearing up any doubts about Beijing’s attitude toward Hong Kong’s efforts to become a...
2/7/2023 2:37:41 PM India to block over 230 betting and loan apps, many with China ties By Sarah Wolter The Ministry of Electronics and Information Technology is in the process to enforce an emergency order to ban 138 betting and gambling...
1/17/2023 2:23:18 PM Alibaba seeks to boost sales abroad with buy now, pay later By Sarah Wolter The Chinese internet giant started allowing shoppers in Europe to pay for purchases on its international e-commerce platform only after...
1/13/2023 3:58:14 PM Jack Ma surrenders control of fintech giant Ant Group By Samantha Wulfson Before the change, Ma was the control person in Ant, exercising control over the company through related entities in addition to his 10%...