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…
A logo of Chery. [Photo/VCG] PRAGUE – Chinese automaker Chery has officially launched four new models of its OMODA 5 and JAECOO 7 in the Czech market. Attending the launch event Wednesday in the Czech capital were more than 700 people including officials, representatives of trade associations, automobile dealers and Chery’s business partners. Calling sustainable…
Officials and experts attend a group discussion during the Boao Forum for Asia Annual Conference 2025 in Hainan province on Wednesday. GUO CHENG/XINHUA China’s booming digital economy is playing a key role in spurring the integrated development of the Asia-Pacific region, thanks to the country’s prowess in high-tech fields such as 5G, artificial intelligence and cross-border…
BEIJING – China has issued a light industry digital transformation implementation plan, the Ministry of Industry and Information Technology said on Thursday. By 2027, the popularization rate of digital research and design tools in key light industry enterprises will reach around 90 percent, according to the plan jointly issued by the ministry and other two…
Pop Mart International Group Ltd expects annual revenue to reach 20 billion yuan ($2.75 billion) in 2025, reflecting a 50 percent year-on-year rise, and anticipates growth in overseas markets to exceed 10 billion yuan as the company pushes to become a global cultural and consumer brand, its top executive said. The company said on Wednesday…
The world is big enough for hundreds of countries, including the United States and China, to co-develop artificial intelligence, and Washington’s sanctions on high-tech sectors will only steel Beijing’s resolve to drive homegrown innovation, said leading industry experts at the ongoing Boao Forum for Asia Annual Conference 2025 on Thursday. Zeng Yi, a member of…
The green power facilities in the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] BEIJING – China’s State-owned enterprises (SOEs) maintained steady operations in the first two months of the year, according to official data released on Thursday. Data from the Ministry of Finance showed that during the period, the SOEs generated nearly 12.49 trillion…