At the Boao Forum for Asia Annual Conference 2025, Hazem Ben-Gacem, CEO of Abu Dhabi-based asset management company BlueFive Capital, expressed his admiration for Chinese tech innovations such as DeepSeek and vowed to increase investments in China. “When people can’t tell if we’re a Middle Eastern or Chinese investment firm, that’s when I’ll know we’ve…
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Hermann Simon, a renowned German economist known as the father of the “Hidden Champions” theory, delivers a speech in Bozhou, East China’s Anhui province, March 25, 2025. [Photo/Xinhua] HEFEI – Rising tariffs from the United States are making it more challenging for German companies to export there, increasing the need for strengthening trade ties between…
Guangdong province launched its first semi-solid-state energy storage battery production line on Friday. Guangdong Energy Group, the initiator, stated that it is also the world’s first mass production line for large-capacity 314 ampere-hour semi-solid-state battery products. The latest battery is designed to significantly raise the thermal runaway initiation temperature, providing a comprehensive upgrade in safety…
Guo Wei (second right), chairman of Digital China, and other panelists attend a seminar on global vision and enterprise innovation in the artificial intelligence era held at the University of Cambridge, United Kingdom, on March 13. CHINA DAILY China’s progress in artificial intelligence has jolted the tech world, with the meteoric rise of Chinese AI large…
Chinese fintech company Ant Group said it has continuously optimized the training of artificial intelligence-powered models by using different chips to lower the costs of AI applications, and will gradually make these models open-source. The company said it has leveraged domestically produced chips to train its AI models, reducing computing costs by around 20 percent.…
Employees check aluminum products at a plant in the Guangxi Zhuang autonomous region. [Photo/CHINA DAILY] China aims to increase its domestic bauxite reserves by 3 percent to 5 percent and boost recycled aluminum production to over 15 million metric tons by 2027, according to a newly released implementation plan. According to the implementation plan for…
SHENZHEN – China’s leading new energy vehicle (NEV) manufacturer BYD Company Limited has reported robust profit growth in 2024, driven by booming car sales. BYD’s net profit attributable to its shareholders grew 34 percent year-on-year to 40.25 billion yuan ($5.6 billion) last year, the company said in its annual report filed to the Shenzhen Stock…
Kingdee Chairman and CEO Robert Xu (center) celebrates with colleagues on March 17 in Hong Kong after the company’s fiscal year 2024 annual results announcement. CHINA DAILY For Ritar International Group headquartered in Shenzhen, Guangdong province, with a global workforce of over 6,500, managing staff members scattered across various geographies and locales can be a difficult…