China Financial News

05.02 / 18:33

markets UPS Digital Strategy Experts PAM OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks, sources say

OpenAI CEO Sam Altman plans to visit the United Arab Emirates this week to discuss raising funds with Abu Dhabi investment group MGX, two sources with knowledge of the matter said.

05.02 / 18:33

markets NVIDIA Experts social reports Investigations Kevin O'Leary sounds the alarm on DeepSeek, says, 'The Chinese startup is a state-sponsored trojan horse that ripped off 50 or 60,000 Nvidia chips from the black market'

Kevin O'Leary, the well-known Shark Tank investor, has raised his concerns about DeepSeek, a Chinese AI startup that has gained massive attention.

05.02 / 18:09

markets COST NVIDIA Research Investors flock into US funds day after DeepSeek sell-off

US tech companies took a hit on 27 January after Chinese startup DeepSeek launched an artificial intelligence tool in competition against Western-backed models at a fraction of the research and development cost. MPs to scrutinise use of AI in financial services following DeepSeek launch The emergence of an unexpected Chinese rival in the widely popular AI space sent markets into a spiral, with the US taking some of the biggest hits on the day. The tech-heavy Nasdaq Composite ended the day 3% lower than the previous Friday while Nvidia, the market's AI darling, at 19,341 experienced...

05.02 / 17:57

markets Digital Strategy Experts PAM Equality Nissan says ‘No’ to Honda’s merger terms—Shaking up the auto market as stocks react sharply

05.02 / 17:57

markets COST Google Strategy Gemini PAM reports Google's respond to DeepSeek challenge: Alphabet firm unveils new cheap AI models, but shares fall

Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with competitive pricing to low-cost artificial intelligence models like that of Chinese rival DeepSeek, as per a report.

05.02 / 17:57

markets Digital Google Strategy Trade Experts PAM US charges ex-Googler with espionage to boost AI in China

Alphabet Inc.'s Google faces new charges of economic espionage by the US Justice Department for allegedly stealing trade secrets to boost China's AI industry. Linwei Ding, who was indicted in March, now faces seven counts of economic espionage along with seven counts of theft of trade secrets under a new indictment announced Tuesday.

05.02 / 17:57

markets Digital Strategy Trade Experts War European Commission PAM Trade war escalates as US, EU target Chinese imports

Temu and fast-fashion retailer Shein will be liable for the sale of unsafe and dangerous products on their platforms, the European Commission said on Wednesday, as part of a crackdown against a flood of cheap e-commerce imports into the European Union.

05.02 / 17:17

markets ByteDance TikTok NVIDIA Trade War reports US-China showdown: "Trump card" played? Tiktok-for-tariffs deal or cold war 2.0?

05.02 / 16:57

markets COST Manufacturing Strategy economy Trade country ‘Donald Trump’s tariff threats are causing huge trade uncertainty now — ‘beggar-thy-neighbour’ steps benefit none, including the US’

Maurice Obstfeld, former Chief Economist at the International Monetary Fund (IMF), teaches at the University of California, Berkeley. Speaking to Srijana Mitra Das, he discusses burgeoning tariffs — and their effects on prosperity:

05.02 / 16:23

Fox Manufacturing security President information International Vaccines USPS reverses decision to suspend inbound packages from China, Hong Kong

Sen. Ron Johnson, R-Wis., breaks down how President Donald Trump’s tariff policies are addressing the fentanyl crisis and explains his subpoena for information on the COVID vaccine on ‘The Bottom Line.’

05.02 / 15:53

markets Digital security Mobile Analysis Research Experts DeepSeek chatbot linked to China's telecom firm that is barred from operating in United States, claim researchers

DeepSeek, whose chatbot became the most downloaded app in the United States, has computer code that could send some user login information to a Chinese state-owned telecommunications company that has been barred from operating in the United States, security researchers say, as per a report.

05.02 / 15:13

UPS Target security SPY Trade President The CIA is about to get a Trump makeover

Subscribe to enjoy similar stories. WASHINGTON : The Central Intelligence Agency offered buyouts to its entire workforce Tuesday, in what officials said is a bid to bring the agency in line with President Trump’s priorities, including targeting drug cartels. The CIA appeared to be the first intelligence agency to tell its employees that they can quit their jobs and receive about eight months of pay and benefits as part of Trump’s push to downsize the federal government.

05.02 / 14:27

markets COST UPS FIVE Digital Citizens country OpenAI discussing localization of ChatGPT India data

Subscribe to enjoy similar stories. Generative AI pioneer OpenAI has begun discussions to house data of its Indian users within the country, three executives who attended Wednesday's New Delhi meeting with the company's chief executive said. “OpenAI is looking for ways to expand its India presence, which is a natural process since India is one of the biggest developer ecosystems for the company.

05.02 / 14:21

markets Digital Strategy Trade President Experts PAM Alibaba, PDD Holdings shares drop after US Postal Service suspends shipments from China, Hong Kong

Alibaba and PDD Holdings, which owns fast fashion brand Temu, saw a decline in premarket trading on February 5 after the United States Postal Service (USPS) announced an indefinite suspension of inbound parcels from mainland China and Hong Kong.

05.02 / 14:03

Strategy economy Trade President War Cass International Terence Corcoran: Trump plots to replace free trade with central planning

It could be true, as Conrad Black wrote in his latest National Post column, that United States President Donald Trump’s tariff attacks on Canada and Mexico are nothing more than a game. “Trump is just playing poker,” claimed Black. That view of Trump’s tariff strategy seemed briefly plausible late Monday with the news that imposition of the tariffs would be postponed for a month.

05.02 / 10:21

COST MET CEO Strategy innovations IT Minister Ashwini Vaishnaw meets OpenAI CEO Sam Altman; eyes cost-effective AI revolution together

IT Minister Ashwini Vaishnaw met OpenAI CEO Sam Altman to discuss India’s comprehensive AI strategy, encompassing GPUs, models and applications. Vaishnaw shared on X that Altman expressed willingness to collaborate with India on all three fronts.

05.02 / 10:15

CEO Strategy Sustainability Diversity innovations reports Interviews Deep Seek CEO Liang Wenfeng hires humanities graduates, says he believes in creativity, not experience

DeepSeek’s rapid ascent within the realm of artificial intelligence has catapulted its founder and chief executive, Liang Wenfeng, into a position of considerable attention. His unorthodox management style, which starkly contrasts with the more conventional approaches of American industry leaders such as OpenAI’s Sam Altman and Meta’s Mark Zuckerberg, has attracted widespread scrutiny.

05.02 / 08:21

markets BTC CEO Analysis Trade Experts Bitcoin Crypto Price Today: Bitcoin slips below $98,000; Altcoins trade mixed

Ethereum, Dogecoin, Tron, Sui, Avalanche, and Shiba Inu saw gains, climbing as much as 6%. As of 12:10 pm IST, Bitcoin had slipped 1.5% to $97,808, while Ethereum surged 1.3% to $2,747. Meanwhile, The global cryptocurrency market cap fell by 0.44% to approximately $3.22 trillion in the past 24 hours.

05.02 / 05:55

UPS Google economy beautiful reports Investigations Estee Lauder to cut up to 7,000 jobs as sales slide

Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits

05.02 / 05:23

UPS Experts electronic information recommendations rights Videos Wingify’s Paras Chopra eyes India's new tech subsidy to bootstrap his new AI venture

Subscribe to enjoy similar stories. Wingify founder Paras Chopra has set his sights on getting access to subsidised graphic processing units (GPUs) from the government to help with his next big idea, a foundational artificial intelligence model. Last week, electronics and information technology minister Ashwini Vaishnaw announced at a press briefing that 10,000 GPUs at a common compute facility will soon go online.

05.02 / 04:37

markets COST Digital Strategy Enterprise Features Zoho embraces AI era post-DeepSeek with new agentic technology

Vembu, chief scientist and cofounder of Zoho Corp that develops cloud-based software and online business tools.

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