A private-sector survey on Monday ( Mar 3 ) revealed that China’s factory activity increased faster in February, largely as a result of stronger supply and demand, as well as a rebound in export orders, partially as a result of seasonal factors related to the holiday season. In a ReutersContinue Reading
In the latest sign that the company’s domestic and international success is putting pressure on its larger companies in China, tech giant Tencent announced on Thursday ( Feb 27 ) a fresh AI type that it claims can answer questions more quickly than DeepSeek’s R1.
The Hunyuan Turbo S is able to respond to questions in less than a second, making it unique from “deep-thinking designs that need to” think for a while before asking,” according to Tencent in a speech.
Tencent added that when tested on fields like awareness, arithmetic, and argument, Turbo S ‘ capabilities matched DeepSeek-V3, which powers DeepSeek’s AI robot that has surpassed OpenAI’s ChatGPT in game keep downloads.
A post demand was not immediately responded to by DeepSeek.
The success of DeepSeek’s R1 and V3 designs, which were praised and widely adopted in Silicon Valley for the first time by a Chinese company, has caused Chinese tech companies like Tencent to start producing new types of Artificial designs following the release of OpenAI’s ChatGPT in late 2022.
Last month, just weeks after DeepSeek-R1 shook the world technical order and triggered an AI property sell-off outside China, e-commerce giant Alibaba released the Qwen 2.5-Max design, which it claimed exceeds DeepSeek-V3 across the board.
Hong Kong: To reduce public recurrent costs by 7 % from now until 2027/28 in order to contain a growing deficit, it plans to use large AI to combat the effects of global economic uncertainty, geopolitical tensions, and a poor housing market. In announcing the economic capital’s annual budget, theContinue Reading
BEIJING: President Xi Jinping held a rare meeting on Monday ( Feb 17 ) with some of the biggest names in China’s technology sector, such as Alibaba founder Jack Ma, urging them to” show their talent” and be confident in the power of China’s model and market. The expertly stagedContinue Reading
The South Korean government’s data protection authority announced on Monday ( Feb 17 ) that new downloads of the Chinese artificial intelligence app DeepSeek had been suspended in the nation after DeepSeek acknowledged failing to take into account some of the organization’s guidelines for protecting personal data. According to aContinue Reading
OpenAI, the creator of ChatGPT, and Kakao, South Korea’s market leader, announced on Tuesday ( Feb.4 ) that they intend to form a strategic partnership to create AI products for the Korean market. Kakao added that it will use OpenAI systems in all of its products. Sam Altman, the CEOContinue Reading
Urban Revivo plans to expand in the US this season, and tariffs pose a big issue for some retailers who instantly ship finished goods from China more than sourcing locally.
Fashion-related items may become “most affected” by a possible 60 per share price increase from the US, according to a statement from Boston Consulting Group (BCG) in January, with progressive costs anticipated to increase to US$ 16 billion by 2033.
The three groups, according to the team, would need to withstand additional US$ 99 billion in additional tariffs in addition to customer electronics and electrical machinery.
Although Taiwanese businesses have experience managing US tax costs, levies of this size will have a significant impact on business activities, according to Aparna Bharadwaj, managing director and companion at BCG.
She added that a potential reduction of up to 14 percent points in a company’s profitability on income before taxes, loss, and amortization could make them more likely to pass those costs on to customers.
Urban Revivo intends to accomplish that.
” Our setting is more’ mass-market’ at house, but in the future, I’m thinking if the taxes were to increase]in America], we could only increase prices”, founder Li told the Post. ” Other brands would do the same”.
It’s a big question whether the business can increase its revenues without hurting its sales.
Urban Revivo plans to open its first US store in New York this year, and the most immediate challenge for the company is whether it can make a name for itself in this competitive market, head-to-head with well-known giants like Zara,  , H&, M , and Ralph Lauren.
” The majority of Chinese retailers that have set foot in the US are targeting the East and West Coasts, where there are large Chinese communities”, said Bain’s Yang. So, I would say we’re not yet there if you asked me whether any brands had truly won over the hearts of European and American consumers in large numbers.
The South Korean central bank announced on Monday ( Jan 20 ) that its 2025 growth forecast had been slashed as a result of the political crisis brought on by President Yoon Suk Yeol’s declaration of martial law last month. On December 3, Yoon recently suspended civilian rule, sending soldiersContinue Reading
Trust “CRISIS” Spectators were attentively watching Friday’s information release for any indications that those steps succeeded in reviving activity. They will also involve readings covering the last quarter of last year. ” With a deal of progressive policies being fast rolled away, social confidence was efficiently bolstered and the marketContinue Reading
As the US tech giant struggles to compete with rising domestic rivals like Huawei, Apple is offering rare discounts of up to 500 yuan ( US$ 68.50 ) on its most recent iPhone models in China. The four-day advertising, running from Jan 4 to 7, applies to many phone versionsContinue Reading