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Trump officials fear a loophole let Chinese firms buy Nvidia Blackwells

The gap, officials worry, let Chinese companies acquire banned chips through overseas subsidiaries. New guidance is meant to close it, after the chips may already have moved. The export ban worked on paper and leaked in practice. Trump administration officials are worried that a gap in US rules allowed Chinese companies to legally buy servers […]

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Tencent is letting PayPal users pay through WeChat’s merchant network, solving China’s tourist payment problem

Tencent has announced that PayPal users will be able to make cashless payments in China by scanning QR codes through WeChat Pay’s merchant network. The integration, which will be available to US-based PayPal users first with more markets to follow, connects PayPal’s 400 million-plus user base to the payment infrastructure that covers virtually every taxi, restaurant, and […]

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US export controls are pushing China’s AI chip industry away from GPUs and toward custom silicon

China’s AI chip industry is no longer trying to build an Nvidia clone. Under sustained US export controls that block access to the most powerful general-purpose GPUs, the country’s largest technology companies are pivoting toward application-specific integrated circuits, custom chips designed to do one thing extremely well rather than handle any workload. The shift is […]

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China formalises tougher outbound-investment rules after the Meta-Manus blockade

Beijing’s new framework codifies the technology-tracing approach the NDRC used to unwind Meta’s $2bn Manus acquisition, making cross-border AI deals materially harder. China has formalised a tougher framework for outbound-investment review, codifying the legal-and-administrative posture the National Development and Reform Commission used to unwind Meta’s $2bn acquisition of AI-agent startup Manus in April. The updated rules, […]

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China just told its tech giants to stop fighting on price and start investing in AI

A top-level Communist Party publication has signaled a shift in how Beijing intends to govern its largest internet platforms. A draft commentary set to appear in the Qiushi journal on Monday says the focus will be on balancing support for growth with enhanced regulatory oversight. The message is directed at companies including Alibaba, Meituan, and […]

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BYD has built China’s first 4nm driving chip, and it’s putting LiDAR on a $10,000 car

BYD has unveiled the Xuanji A3, which it calls China’s first automotive-grade 4-nanometre chip for self-driving vehicles. CEO Wang Chuanfu announced the chip at an event at BYD’s Shenzhen headquarters on 28 May, saying it delivers the lowest power consumption per unit of compute in its class, drawing roughly 20% less than comparable semiconductors. The chip has […]

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JD.com’s founder vows to protect 900,000 jobs from AI. His warehouse strategy says otherwise.

Liu Qiangdong’s pledge to safeguard JD.com’s workforce from automation sits uncomfortably with his own ‘unmanned era’ vision and a flagship warehouse already running on four employees. Liu Qiangdong, the founder of Chinese e-commerce giant JD.com, vowed in an internal speech this week to protect the company’s 900,000-strong workforce from AI and robotics, according to a […]

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Vučić flew to Beijing for a $1.1bn Chinese investment, while Belgrade burned

China’s $1.1bn AI, robotics and EV package for Serbia lands four days after 34,000 protesters filled the capital demanding early elections. Brussels has yet to develop a coherent response to either. On Saturday, tens of thousands of Serbians filled the centre of Belgrade in what police estimated as a 34,300-person rally demanding early elections, accountability […]

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China’s market regulator fines Luxshare and Wingtech over their unwinding deal

SAMR has penalised the two electronics firms for procedural violations in their now-collapsed asset sale, the latest signal of Beijing’s tightening merger-enforcement posture. China’s State Administration for Market Regulation has fined Luxshare Precision Industry and Wingtech Technology for violations in connection with their now-unravelling asset sale, according to a Reuters report on Wednesday. The fine […]

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