Digital Trade

The Lede: Hong Kong continues to make moves toward becoming a virtual asset hub as it prepares to implement regulations this year that will govern crypto transactions. What We Know: * Despite China’s ban on crypto activity, Hong Kong is planning to introduce new rules in June regarding the cryptocurrency

Shein is facing a challenge from a Chinese-owned shopping platform Temu, undermining its dominance as a fast fashion retailer, Bloomberg reported. Temu, owned by Chinese e-commerce giant Pinduoduo Holdings Inc (PDD) has reported at least a single day of gross merchandise value that surpasses Shein’s number, in the period

China has constructed the world's largest 5G network, with more than 2.31 million 5G base stations covering all urban areas, prefecture-level cities, and counties nationwide, a state-run CGTN reported based on the Ministry of Industry and Information Technology (MIIT). According to the chief engineer and spokesman for

China has launched its first trading platform for computing power, aimed at integrating computing resources to support the development of strategic industries, including artificial intelligence and ChatGPT-like applications. The platform went online in Yinchuan, Ningxia Hui autonomous region, and will integrate computing power resources from 27 companies and institutions, including

The Chinese regulators directed major tech firms, Tencent and Ant Group, the fintech affiliate of Alibaba Group Holding, not to offer access to ChatGPT services due to Beijing’s concerns over the chatbot's uncensored responses to user queries. Sources with direct knowledge of the matter confirmed with Nikkei

Alibaba's U.S.-listed shares rose six percent after the tech giant’s reported earnings for its fiscal third quarter surpassed expectations. Chinese e-commerce giant Alibaba saw revenue increase up to 247.76 billion Chinese yuan ($35.92 billion), leading to a 2% rise compared to the previous