Articles
CAC Fintech and Eddid Financial Launch China’s First Agricultural RWA, Eye Global Capital Expansion
China has taken a groundbreaking step in financial innovation with the launch of its first agricultural tokenized real-world asset (RWA) project. CAC Fintech, a leading provider of agricultural fintech solutions, has entered a strategic partnership with Eddid Financial, a Hong Kong-based comprehensive financial group, to bring rural assets onto the blockchain while pursuing global fundraising opportunities. The agreement positions CAC Fintech at the forefront of agricultural digitalization. Backed by over two decades of experience in China’s rural economy, the company specializes in applying technologies such as blockchain, big data, AI, and cloud computing to unlock value from rural assets. Its ...
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Hua Hong Eyes Controlling Stake in HLMC Amid China Foundry Consolidation Drive
China’s semiconductor industry may be on the brink of one of its largest consolidations in recent years. Hua Hong Semiconductor, the country’s second-largest foundry, is reportedly seeking to acquire a controlling stake in Shanghai Huali Microelectronics (HLMC) through a mix of share issuance, cash, and a supporting capital raise. The move, reported by ijiwei and Security Times, comes as Hua Hong aims to address competition issues it pledged to resolve during its IPO. If completed, the transaction would significantly reshape the domestic foundry landscape. Both companies are under the umbrella of Huahong Group, but they operate with different strategic focuses: ...
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Ascentage Pharma Advances Global Phase III Trial of Lisaftoclax for Higher-Risk MDS with FDA, EMA, and China CDE Clearance
Ascentage Pharma (NASDAQ: AAPG; HKEX: 6855), a global biopharmaceutical company headquartered in Suzhou, has received clearance from the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) to begin a registrational Phase III clinical trial of lisaftoclax (APG-2575) for the first-line treatment of higher-risk myelodysplastic syndrome (HR-MDS). The trial, known as GLORA-4 (NCT06641414), was originally approved by China’s Center for Drug Evaluation (CDE) in 2024, underscoring the multinational scope and accelerated pace of the program. Lisaftoclax is a novel, orally administered Bcl-2 selective inhibitor designed to restore apoptosis in cancer cells by blocking the anti-apoptotic protein Bcl-2. ...
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vivo Previews Vision MR Headset at Boao Forum for Asia
vivo has taken a significant step toward entering the mixed reality (MR) market with a public preview of its first MR headset, the vivo Vision, during the Boao Forum for Asia in China. Months after the initial announcement earlier this year, attendees finally had the chance to test the device and share their first impressions. Han Boxiao, product manager for vivo, highlighted several key features during the showcase. He emphasized that the headset is designed to be light and comfortable, a sentiment echoed by many testers. According to Han, the vivo Vision is comparable in weight to Apple’s AirPods Max, ...
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JD.com Takes the Leap into DeFi and Tokenized Finance
JD.com, China’s second-largest e-commerce company with more than $150 billion in annual revenue, is preparing a bold step into decentralized finance (DeFi). The company has quietly posted a job opening for a DeFi expert, seeking talent well-versed in decentralized exchanges (DEXs), lending, derivatives, and token economics. This recruitment push comes just weeks after Hong Kong’s new stablecoin licensing regime took effect on August 1, opening the door for compliant issuance of fiat-pegged digital currencies by major corporations. For JD.com, the timing suggests a deliberate strategy to position itself at the intersection of e-commerce and blockchain-powered finance. From Stablecoins to PayFi ...
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South Africa and China Achieve Historic 12,900 km Quantum Communication Link
In October 2024, a milestone in global science and technology quietly reshaped the future of secure communications: China and South Africa successfully established the first-ever quantum satellite communication link between the northern and southern hemispheres. Spanning an unprecedented 12,900 kilometers, from Beijing to Stellenbosch University in South Africa, this breakthrough is now the longest intercontinental quantum communication link ever achieved, surpassing the previous record of 7,600 kilometers within the northern hemisphere. The achievement relied on quantum key distribution (QKD), a cutting-edge method of transmitting encryption keys using single photons, the smallest measurable particles of light. The principle is simple yet ...
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Huawei’s AI Inference Breakthrough Could Reduce China’s Reliance on High-Bandwidth Memory
Huawei is reportedly preparing to unveil a major breakthrough in AI inference technology that could lessen China’s dependence on advanced High-Bandwidth Memory (HBM) chips, a critical component currently restricted by U.S. export controls. The announcement is expected to take place today at the 2025 Financial AI Inference Application Implementation and Development Forum, according to Economic Daily News citing STAR Market Daily. The development could mark a significant milestone for China’s AI ecosystem, particularly as the industry shifts its focus from maximizing model capabilities to enhancing real-world application value. Inference, the stage where trained AI models process and respond to data, ...
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China-Saudi-Europe Synergy in Uzbekistan Signals a New Era for the Belt and Road Initiative
In the windswept steppes of Uzbekistan, Central Asia’s largest wind power project has quietly gone live, and it is more than just a milestone in renewable energy. The 1 GW Bash-Dzhankeldy wind farm, constructed by China Energy Engineering Group (CEEC), financed through European loans, and developed in partnership with Saudi Arabia’s ACWA Power, marks a new stage in the Belt and Road Initiative’s (BRI) evolution. Rather than the debt-heavy, China-financed megaprojects of the BRI’s early years, this development exemplifies a more diversified, multilateral model. European Bank for Reconstruction and Development (EBRD) loans, backed by French and German state funds, provided ...
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China Opens Its First All-Service Robot Store in Beijing’s High-Tech Hub
Beijing has officially unveiled its first all-service robot store, a major step in the country’s drive to bring humanoid robots out of the lab and into everyday life. Located in the Beijing E-Town high-tech district, about 40 minutes southeast of the city center, the new “Robot Mall” aims to bridge the gap between robotics research and real-world commercialization. Inside the four-story facility, visitors can watch robots perform a range of tasks, from plucking medicine boxes off pharmacy shelves to mixing and serving drinks behind a bar. Other robots showcase entertainment and educational uses, playing soccer or Chinese chess, while lifelike ...
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Chinese Carmakers Surge in UK Market Despite Industry Slowdown — BYD, Chery Lead the Charge
Chinese electric vehicle makers are accelerating their footprint in the UK auto market, with BYD and Chery reporting dramatic sales growth in July despite a broader contraction in car sales across the country. According to new figures released by the Society of Motor Manufacturers and Traders (SMMT), Chinese carmakers defied a 5% decline in overall UK car sales, capitalizing on aggressive pricing strategies and growing brand recognition. BYD, now the world’s top battery electric vehicle (BEV) producer by volume, saw its UK sales quadruple year-on-year to 3,200 units in July alone. For the first seven months of 2025, the company ...
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