Hong Kong eyes stablecoin regulatory regime by 2024
[ad_1] While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary…
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Nio said not to join China’s EV price war. Now it’s cutting $4K across all models
[ad_1] Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The…
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China bans Micron chips in key infrastructure over ‘national security’ risks
[ad_1] China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. The decision is widely seen…
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Beijing calls on cloud providers to support AI firms
[ad_1] As large language models from Western tech firms show the potential to disrupt everything from marketing, teaching, to coding, China is rushing to cultivate its home-grown AI pioneers by…
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