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China’s Kingdee posts double-digit cloud growth as AI-powered strategy accelerates

[Photo provided to chinadaily.com.cn] Kingdee International Software Group reported strong first-half growth, driven by surging demand for its AI-infused cloud subscription services and continued leadership in China’s enterprise software market. Revenue for the six months ended June 30 rose 11.2 percent year-on-year to 3.19 billion yuan ($442 million), with cloud services up 11.9 percent to…

China-made ‘intelligent production’ large model drawing spotlight in Malaysia

The “intelligent production” large model, independently developed by Shandong Inspur Intelligent Production Technology Co Ltd, is drawing spotlight at an ASEAN AI summit 2025 held in Malaysia between Aug 12 and 13. [Photo provided to chinadaily.com.cn] A China-made “intelligent production” large model, being displayed at a global artificial intelligence trade event in Malaysia, is attracting…

China drafts rules to curb exaggerated marketing of assisted driving features in EVs

A trainee drives an AI-driven training vehicle at the Xinlong driving school in Dongyang, East China’s Zhejiang province, July 5, 2025. [Photo/Xinhua] China’s top market regulator and the Ministry of Industry and Information Technology have issued a draft notice seeking public feedback on tighter oversight of recalls, production consistency and marketing practices for intelligent connected…

X Square Robot expands development of general-purpose robots

Chinese robotics startup X Square Robot is accelerating its development of general-purpose robots capable of performing precise and complex tasks, with applications spanning diverse fields including households, services and industries. The company specializes in developing next-generation robots based on embodied intelligence foundation model and robotic systems powered by real-world data, said Wang Qian, founder and…

Solid monetary readings signal steady policy support

A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China’s aggregate social financing and broad money supply growth remained solid in July, official data showed on Wednesday, underscoring the continuation of an accommodative monetary policy that is providing a suitable financial environment for the real economy. The country’s aggregate social financing…

WeRide joins Singapore’s steering committee on autonomous vehicles

A WeRide Robobus runs at Resorts World Sentosa, Singapore. [Photo provided to chinadaily.com.cn] Chinese autonomous driving company WeRide said on Tuesday that its founder and CEO, Tony Han, has been invited by the Singapore government to join the country’s steering committee on autonomous vehicles. The committee brings together leaders from the autonomous vehicle and public…

Chinese officials highlight priorities for marine economy development

This aerial drone photo taken on July 8, 2025 shows container ships entering Qingdao Port in Qingdao, East China’s Shandong province. [Photo/Xinhua] BEIJING – Chinese officials have recently highlighted the key priorities for developing the country’s marine economy during the upcoming 15th Five-Year Plan period (2026-2030). As a vital part of the industry’s development, China…

China imposes countermeasures against two EU banks over sanctions

China has imposed countermeasures on two European banks — UAB Urbo Bankas and AB Mano Bankas — in response to the European Union’s sanctions on Chinese financial institutions, the Ministry of Commerce said on Wednesday. Under the measures, organizations and individuals in China are prohibited from engaging in transactions, cooperation or other related activities with…