Tag Archive : China

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New agreement adds SCMP’s international news content dating back over 100 years to the Veritone content licensing portfolio

Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, and provider of digital content licensing services on behalf of the world’s premier sports entities, news organizations and user-generated networks, today announced a new agreement with South China Morning Post, a leading global news company that has reported on China and Asia for more than a century.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005137/en/

Veritone Licensing signs exclusive agreement with the South China Morning Post to expands its global news library. (Graphic: Business Wire)

The agreement gives Veritone the exclusive rights to license SCMP’s archive and current video content to its clients in North America. The deal is a significant milestone in Veritone’s strategy to further expand the global reach of its

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  • Authorities in Shenzhen, southern China, have handed out $1.5 million of a new digital currency as part of a trial of a cashless society.
  • Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday.
  • The digital currency is not like a cryptocurrency, and is issued and controlled by China’s central bank, the People’s Bank of China.
  • The PBoC said it plans to formally launch the digital payment system in late 2020, according to the BBC.
  • Visit Business Insider’s homepage for more stories.

A Chinese city has handed out 10 million yuan, or $1.5 million, in digital currency to trial what citizens would do in a cashless society.

On Friday, 50,000 people living in the Luhou district of Shenzhen were given digital “red envelopes,” each containing around 200 yuan ($30) worth of the digital currency, the state-run

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(Bloomberg) — Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future.

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That’s one of the findings of a report released Tuesday by London-based automotive research firm Jato Dynamics. However, it found that Europe and the U.S. still have a few things to learn from China, the world’s biggest EV market, including prioritizing affordability, centralizing planning, and using data to better understand consumers.

Demand for cleaner and smarter cars is rising globally, particularly in Europe where the market has been bolstered by tighter emissions regulations along with an increasing awareness of climate change. EV sales in Europe in the first half exceeded China for the first time since 2015.

Although the coronavirus pandemic hurt all car sales, including EVs, which fell 15% globally in the second quarter, the market for electric vehicles is

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A general view of a Australian flag is seen during a welcome ceremony for Australia’s then Prime Minister Julia Gillard outside the Great Hall of the People on April 9, 2013 in Beijing, China.

Feng Li | Getty Images

Australia is investigating media reports that China has stopped taking its coal shipments, Australia’s trade minister said on Tuesday, playing down a potential sign of escalating trade tensions between the two countries.

Speaking on breakfast television, Trade Minister Simon Birmingham said the government was seeking a response from China while noting that coal flows to the country had been disrupted in recent years partly due to Chinese “domestic factors.”

Diplomatic relations soured in 2018 when Australia banned China’s Huawei Technologies from participating in its nascent fifth-generation (5G) broadband network. Australia’s call for an independent inquiry into the origins of the novel coronavirus – which first emerged in China – further angered

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U.S. companies lobby against China tech bans

October 12, 2020 | technology | No Comments

The friction shows the difficulties the government faces in translating its national-security agenda into the real world, where influential industries have developed deep ties to China over many years.

Congress and the Trump administration say the measures are necessary to lessen U.S. reliance on a strategic rival that could sabotage, hack or withhold important technology. Some U.S. companies argue that the restrictions will cost tens of billions of dollars and in some cases won’t improve national security.

“We are broadly supportive of the spirit” of a law imposing new restrictions for federal contractors, Wesley Hallman, head of strategy and policy at the National Defense Industrial Association, said in an interview, adding that “some suspicion of Chinese components” is warranted.

But “if you were to apply this law very broadly in the way it is written,” he said, “just about all contractors doing work with the federal government, they would have

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  • Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency.
  • The winners can now download a digital renminbi app to receive the digital yuan and spend it at over 3,000 merchants in a particular district of Shenzhen.
  • The digital yuan is not a cryptocurrency like bitcoin. Instead, it is issued and controlled by the People’s Bank of China, the country’s central bank.



a close up of Mao Zedong holding a piece of paper: A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.


© Provided by CNBC
A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.

GUANGZHOU, China — China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future.

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Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the

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An Emerging Internet Giant in China

October 11, 2020 | internet | No Comments

Pinduoduo Inc. (NASDAQ: PDD) is turning out to be the second most successful e-commerce channel in China. Through its advanced and integrated business model, it has outperformed many of its competitors in a noisy and over-crowded industry. In terms of number of orders and consumers, Pinduoduo is the second largest internet giant in China, according to a detailed analysis by Turner Novak.

Pinduoduo was founded initially back in 2015 as Pinhaohuo (PHH). The initial business model of PHH was buying fruits in bulk from farmers and selling them directly to the consumers using online channel. Pinhaohuo, since a newly established entity did not have its own website or application, used the group chats platform of Tencent’s popular Wechat – often referred to as the Facebook of China. Since a huge chunk of people were using it, it proved a jump-off point for Pinhaohuo’s growth.

06photo/Shutterstock.com

Initially, it got fame and

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  • Geely, the parent company behind Polestar and Volvo, recalled about 2,200 Polestar 2s over a software defect, Reuters reported via Swedish financial paper Dagens Industri.
  • The defect can cause the cars to lose power and stop running, even while they are driving.
  • The recall only affects Polestar 2s in China and certain parts of Europe. Cars in the US and Canada are not affected.
  • Visit Business Insider’s homepage for more stories.

The brand-new, Tesla-challenging Polestar 2 EV just got hit with a major recall. Don’t worry if you’re in North America, though. The recall is only for cars in China and certain parts of Europe.

Geely, the parent company of Polestar and Volvo, recalled about 2,200 2s over a software defect, Reuters reported on Saturday, citing Swedish financial outlet Dagens Industri. The defect caused “several cars” to lose power and stop running, even while they were being driven.

All Polestar

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  • A former diplomat for the Chinese government was head of TikTok’s global content moderation team for two years, the Financial Times reported. 
  • Cai Zheng was a diplomat at the Chinese embassy in Iran prior to taking up the post at TikTok. 
  • The company has long maintained that Beijing influences its content moderation policy. The FT reported that Cai is not a Chinese Communist Part ideologue. 
  • Cai’s time at TikTok coincides with numerous instances of the suppression of topics such as LGBTQ issues, Tibetan independence and even users deemed too “ugly” to be seen on the main page. 
  • A TikTok spokesperson told Business Insider that Cai was not involved in devising its early policies but oversaw efforts to localize them internationally. 
  • Visit Business Insider’s homepage for more stories.

TikTok hired a former Chinese diplomat to oversee its global content policy unit, which decided what content should be allowed on the short-form

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As our new era of U.S.-Chinese major power competition accelerates, this week’s train wreck of an American presidential debate, followed more dramatically on Friday by President Trump’s positive Covid test and hospitalization, contribute both to the perception and reality of Beijing’s historic gains.

Chinese officials are unlikely to use this moment of unanticipated U.S. distraction for any sort of dramatic move that might provoke Washington, such as a military move on Taiwan’s independence to complement its recent actions to more fully control Hong Kong.

At a minimum, however, Chinese officials will embrace this period as additional, welcome “breathing space” to escalate their ongoing efforts across a range of fronts to build upon their momentum – from tightening party control on the Chinese private sector, to the accelerated development of a digital currency, to closing remaining technology gaps with the United States.  

Recent events have also contributed to Chinese confidence that

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