Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, Feb 19, 2024. [Photo/Agencies] Chinese tech companies’ intensified efforts in achieving breakthroughs in artificial intelligence will bolster the application of this cutting-edge technology in a diverse range of fields, drive industrial upgrading and inject fresh momentum…
China’s economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Analysts said that China’s economy will likely make a robust start in the first quarter, given the country’s intensified…
Customers dine at a restaurant in Shanghai, Feb 4, 2025. [Photo/VCG] The Spring Festival holiday has unleashed the strong vitality and huge potential of China’s consumer market, contributing to a stable start for the Chinese economy in 2025. Driven by the consumer goods trade-in programs, the consumption of household appliances and other products has been…
SHANGHAI — US entertainment company Warner Bros is set to launch a Making of Harry Potter studio tour in Shanghai in 2027, which analysts believe is a significant move underscoring US companies’ confidence in China’s vibrant consumer market. The Jin Jiang International Holdings Co Ltd, China’s major travel and hospitality conglomerate, on Wednesday confirmed the…
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MOSCOW — Chinese artificial intelligence (AI) application DeepSeek has become popular among Russian users for its high-quality content and accessibility, RIA news agency reported Tuesday. “DeepSeek has primarily become popular due to the high-quality content that can be generated using the company’s large language model, as well as the availability of its products,” the report…
Potential consumers browse gold jewelry at a store in Lianyungang, Jiangsu province on Jan 31. [WANG CHUN/FOR CHINA DAILY] The World Gold Council has forecast a continued surge in gold investment demand in China albeit at a moderated pace this year, following strong investment growth of coins and bars in 2024. Factors contributing to the…
On Tuesday, Coca-Cola reported better-than-expected earnings for the fourth quarter and full year 2024, with strong volume growth in China driving global performance for the beverage corporation. In the fourth quarter, Coca-Cola’s net operating revenues grew 6 percent year-over-year to $11.54 billion, surpassing market expectations of $10.7 billion. Consolidated net income rose 11 percent to…
Customers shop for vegetables at a supermarket in Qianxi, Guizhou province, Feb 9, 2025. [Photo/Xinhua] The performance of China’s consumer price index (CPI), a main gauge of inflation, as of January was released recently by the National Bureau of Statistics, among provincial-level regions, 27 out of 31 registering a CPI growth year-on-year. China’s CPI was…
Continued investment in artificial intelligence infrastructure is needed despite DeepSeek challenging the cost efficiency of large language models, said Robin Li, co-founder and CEO of Chinese tech heavyweight Baidu Inc. The investment in areas such as chips, data centers and cloud infrastructure remains crucial for coming up with the next best model, Li said at…