The headquarters of Ant Group in Beijing, March 4, 2025. [Photo/VCG] Ant Digital Technologies, the digital technology subsidiary of Chinese mainland fintech giant Ant Group, has commenced the application process for a stablecoin issuer license in Hong Kong. Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital Technologies, said the company…
Ant International, the overseas arm of Chinese mainland financial technology giant Ant Group, said on Thursday that it will apply for the issuer license of fiat-referenced stablecoins in Hong Kong when the city’s Stablecoins Ordinance comes into effect on Aug 1. “Ant International is accelerating investments and expanding banking partnerships in global treasury innovations, to…
NOK-Freudenberg (China) Technology Center in Wuxi. [Photo provided to chinadaily.com.cn] German multinational Freudenberg Group is strengthening its commitment to the Chinese market through increased investment in local research, development and manufacturing capabilities. NOK-Freudenberg, a joint venture between Freudenberg and Japanese manufacturer NOK, opened its China Technology Center and new factory in Wuxi, Jiangsu province, late…
From Chinese wines to orthodox black tea, from e-motorcycles to dazzling African diamonds — which exhibit would you choose? “(This) expo has been very good, exposing Chinese manufacturers to potential African buyers. But also, we’ve been able to showcase our products that can also enter the Chinese market,” said Julius Thairu, Chief commercial and customer…
SAN FRANCISCO — Meta said Wednesday that it is adding video editing capabilities to Meta AI, which let users edit short videos using preset artificial intelligence (AI) prompts. The company said that the features were inspired by its Movie Gen AI models. It plans to add more customization options later this year. For now, users…
Petronas, Malaysia’s State-owned energy group, will accelerate the expansion of its global liquefied natural gas (LNG) portfolio to support China’s growing energy needs, as the world’s second-largest economy deepens efforts to shift toward cleaner fuels and strengthen energy security, said a senior executive. In 2024, Petronas exported 8 million metric tons of LNG to China,…
Choosing China as a sourcing destination stems from its globally recognized production strength said Kamal Gupta, chief strategic officer of Dukan International Business, in an interview with China Daily website at the ongoing China-Africa Economic and Trade Expo in Changsha, Central China’s Hunan province. The company sources top-quality products from leading factories, leveraging its own…
China’s second domestically built large cruise ship, Adora Flora City, receives a water salute on Monday at Shanghai Waigaoqiao Shipbuilding as the vessel achieves the milestone of dock float-up. This marked its transition from structural outfitting to interior installation and system commissioning. [GAO ERQIANG/CHINA DAILY] Adora Cruises, a flagship enterprise in China’s cruise sector, has…
The United States’ restrictive policies against China are ironically catalyzing China’s technological advancements, industry insiders said on Tuesday, referring to the chip breakthroughs achieved by Huawei Technologies and the recent remarks of its founder Ren Zhengfei, who downplayed the impact of US export controls. In an interview with People’s Daily that was published on Tuesday…
Shanghai Hero (Group) Co Ltd holds its new product launch at Crowne Plaza Shanghai Noah on Tuesday. [Photo provided to chinadaily.com.cn] Time-honored Shanghai Hero (Group) Co Ltd held its new product launch in Shanghai on Tuesday, unveiling co-branded products with a local cultural creative brand, previewing the collaboration with Shanghai Film Infinity, and signing a partnership…