China will approve the first batch of generative artificial intelligence services for public rollout as soon as this week, with tech giant Baidu expected to be among the first to win consent, Bloomberg News reported on Wednesday.
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China's CITIC Securities posts nearly 1% rise in first-half profitBEIJING/HONG KONG : CITIC Securities Co, China's biggest brokerage, reported a 0.98 per cent rise first-half profit on Tuesday.Net profit for the six months to June 30 rose to 11.31 billion yuan ($1.55 billion), the company said in a stock exchange filing.
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China's Nio to launch first mobile phone in Sept to boost appeal of EVSHANGHAI : Nio plans to launch its first self-developed mobile telephone in late September, the Chinese electric vehicle maker said, aiming to improve the appeal of its cars with better software and connectivity. It becomes China's latest automaker to join a trend of rolling out car systems that allow dri
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China's Shenzhen eases mortgage rules for first-home purchasesBEIJING :The Chinese tech hub of Shenzhen issued a notice on Wednesday saying it would let people take preferential loans for first-home purchases regardless of their credit record from Aug. 31, the second major city to ease mortgage rules.The move came after Chinese authorities called on cities on Friday to
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