Wednesday, January 20, 2021
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R&D Spending in China Rises 14% in 2017, Equals 2.1% of GDP

Chinese spending on scientific research and development posted a year-on-year increase of 14% to hit 1.76 trillion yuan (approx. USD$279 billion) in 2017, according...

China to Build USD$2.1 Billion Artificial Intelligence Research Park in Beijing

China plans to build a 13.8 billion yuan (USD$2.1 billion) research facility dedicated to artificial intelligence in the Mentougou district of western Beijing. The state-owned...

Artificial Intelligence Could Take Over 16% of Jobs in China by 2030

A new report from McKinsey says up to 16% of jobs in China could be taken over by automated machines as a result of...

China to Establish Standardised Assessment System for Artificial Intelligence

Beijing hopes to spur the development of its artificial intelligence sector via the establishment of a standardised assessment system. Economic Information Daily reports that the...

China Ploughs Over $1bn into Artificial Intelligence and Strategic Tech Sectors

The "Made in China 2025" plan has seen more than USD$1 billion invested in artificial intelligence and strategic tech sectors since its launch in...

JD.com Founder Richard Liu Says AI Could Soon Make True Communism a Reality

The founder of one of China's leading e-commerce platforms has said that rapid advances in the field of artificial intelligence could soon make the...

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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...