China
China, Singapore launch digital yuan cross-border payments pilot for tourists
The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
China 3-year Action Plan involves deploying metaverse in key sectors of the economy
China reveals a Three-Year Action Plan to integrate the metaverse, emphasizing cultural, educational, and entertainment sectors, aiming to set global...
OpenAI applies for GPT-6, GPT-7 trademarks in China: report
The ChatGPT maker also applied for GPT-4 and GPT-5 in April and July, respectively, despite not being allowed to offer...
Alibaba shuts down quantum computing unit to focus on AI research
Alibaba is closing its quantum computing lab to focus on emerging technologies like generative AI—this move lays off 30 employees...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
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