Alibaba Group’s chip unit Pingtouge quietly launched a high-end artificial intelligence processor called the “Zhenwu 810E” on Thursday. The self-developed chip completed what industry experts called Alibaba’s AI “golden triangle” – combining AI model development at Tongyi Lab, cloud services at Alibaba Cloud and chips from Pingtouge. Zhenwu 810E is built on a proprietary parallel…
This photo taken on Feb 1, 2025 shows a city view of Hong Kong, South China. [Photo/Xinhua] Hong Kong’s home prices recorded their first annual increase in four years, with the official price index climbing 3.25 percent in 2025. Analysts believe the special administrative region’s residential property market has bottomed out, and that prices are…
Christoph Vitzthum and Ouyang Jiaqian are visiting Beijing this week as part of the prime minister of Finland’s business delegation, engaging with key stakeholders to strengthen trade partnerships in China. CHINA DAILY What does it take for a food experience company from northern Europe to win over consumers in China? For Fazer, the answer lies…
A truck from Nepal goes through the Gyirong Port after inspection in Southwest China’s Xizang autonomous region, Jan 1, 2026. [Photo/Xinhua] Xizang autonomous region has seen its import and export value of goods reach an estimated 8.47 billion yuan ($1.21 billion) in 2025, according to Lhasa Customs. In 2025, 226 enterprises in Xizang achieved trade…
Consumers place orders at a Starbucks store in Beijing. CHINA DAILY Starbucks China delivered solid results for the first quarter of fiscal year 2026, reporting 7 percent growth in comparable store sales and an 11 percent year-on-year increase in total revenue, which reached $823.4 million. The coffee giant’s robust performance in the Chinese market was…
The main building of ICBC London branch. [Photo provided to China Daily] From a representative office established in 1995 to a comprehensive financial platform supporting trade, investment, and major infrastructure projects, the journey of Industrial and Commercial Bank of China (ICBC) in the United Kingdom has evolved in step with China’s reform and opening-up, and…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] China is poised to expand nationwide a pilot policy that helps multinational companies to centrally manage cross-border funds, both in renminbi and foreign currencies, officials and analysts said, marking a notable step forward in the country’s financial opening-up. The policy,…