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China

Taiwan’s central bank completes CBDC feasibility study
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15 December, 2023

Taiwan’s central bank completes CBDC feasibility study

Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

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
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9 December, 2023

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
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7 December, 2023

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
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5 December, 2023

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
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3 December, 2023

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...
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