TuesdayApr 23, 2024 10:00 am

China Reportedly Asks Telcos to Halt Using Foreign-Sourced Chips

A Wall Street Journal report has revealed that Beijing recently directed some of China's most prolific telecom carriers to stop using computer chips sourced from foreign manufacturers. According to the report, the Chinese government has instructed major telcos such as China Telecom, China Unicorn and China Mobile to phase out foreign chips from their operations by the year 2027. The move is the latest in an escalating trade war between the United States and China that has seen both countries take steps to deprive each other of critical raw materials, limit exports and prevent trade between American and Chinese companies.…

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ThursdayApr 18, 2024 10:00 am

Jack Ma’s Vote of Support Causes Alibaba Shares to Jump 5%

Alibaba Group Holding Ltd. (NYSE: BABA) shares recently went up by 5% after the e-commerce giant's cofounder Jack Ma gave the company a vote of support. In a lengthy memo issued to Alibaba employees, Ma endorsed the company's internal restructuring efforts and caused its share prices to surge. The former Alibaba CEO has kept a low profile since he stepped down from Alibaba's top position amid significant controversy; he has avoided media attention for the past several years. However, he made a relatively rare appearance to endorse the Chinese conglomerate a year after Alibaba embarked on the most significant shake-up…

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TuesdayApr 16, 2024 10:00 am

TikTok to Unveil Photo-Sharing App Soon

Social media app TikTok has announced plans to unveil a photo-sharing app in the near future. The Chinese company is currently locked in a fierce battle with Instagram to capture Gen-Z’s attention and has given the Meta subsidiary a serious run for its money in recent years. Some users of the extremely popular but controversial social media app have begun receiving notifications that their photos will soon be stored in a separate app called TikTok Notes. TikTok attracted hundreds of millions of users, thanks to its nigh-addictive, short-form content a few years after it launched internationally, and the Chinese company…

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ThursdayApr 11, 2024 10:00 am

New Study: Mobile Payments May Be Causing Expenditures to Spike

A recent study by Chinese researchers has revealed that mobile payments may lead to increased expenditure among mobile money users. Based on data sourced from a bank in China, research found that the convenience offered by mobile payments could cause people to spend more than they typically would if they were paying in person with physical cash. With a growing number of consumers opting to shop on online marketplaces, mobile payment services such as Google Pay and Apple Pay have seen a meteoric rise in popularity. By allowing customers to store their banking information such as credit card numbers safely…

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TuesdayApr 09, 2024 10:00 am

Alibaba Wants to Use Rockets to Deliver Parcels Globally

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) is considering the feasibility of using rockets to deliver parcels across the globe with extremely quick turnarounds. The company has partnered with Space Epoch, a startup rocket provider based in Beijing, to test out the unconventional delivery service. Dubbed XYZ-1, Alibaba's delivery rocket would be able to carry up to 10 tons in cargo and would feature around 120 square meters of cargo, enough to carry items as large as cars or small trucks. If the rocket delivery service launches successfully, it would allow Alibaba to deliver cargo anywhere in the…

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ThursdayApr 04, 2024 10:00 am

AI Could Magnify Fraud Risks in Online Dating

Researchers say artificial intelligence (AI) may exacerbate the fraud risks associated with online dating. Although it is only a few years in the making, generative AI has already shown its potential as an extremely disruptive tool. With entire industries following the continued advancement of AI tools warily, experts say the technology could also magnify fraud risks in online dating. With only a few major players dominating the online dating scene, the industry has long been accused of failing to respond expediently to problems on dating apps. These apps already present a mostly unrestricted ground for scammers and other unscrupulous players…

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TuesdayApr 02, 2024 10:00 am

Optimized Mobile Payments Increase Convenience for Travelers to China

The rapid proliferation of optimized mobile payments in China is making the country an increasingly convenient travel location for foreigners. China’s mobile payment segment has developed extremely rapidly over the past several years, and the East Asian nation is now a global leader in the relatively young space. Mobile payment systems are services that allow customers to pay for goods and services through portable electronic devices, including mobile cell phones or tablets, allowing them to make payments or send money to loved ones quickly and conveniently. While these systems have existed for more than a decade, their popularity surged during…

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