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FOUND: 30 - What They Never Told You

Weekly Must-Read: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector

Caixin Global

‘We in the west were blinded’: China crackdown on business has Maoist roots

‘Anti-spying’ raids on consulting firms and attacks on tech companies are being driven by party ideology, says academic Chris Marquis

The Guardian - UK

Alibaba is pulling out of the cloud business

Chinese ecommerce giant Alibaba set to split into six units and selling off some of its businesses.

TechRadar

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FTSE 100 Live: Flat week as FTSE closes at 7757; Tesco chair to step down; US shares down on default fears

The FTSE 100 index found positive territory today despite Hong Kong shares falling after Alibaba sales came in below expectations.

Evening Standard

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

The Independent UK

Chinese Firms Foil US AI Sanctions With Older GPUs, Software Tweaks

Chinese AI developers simplify software and use all compute chips they can get to train large-scale AI models.

Tom’s Hardware

Jack Ma returns to public life with professorships

Jack Ma, the face of Chinese entrepreneurship and the founder of Alibaba Group Holding, has assumed professorships in at least four schools outside mainland China, as he keeps an arm's length from the business empire he created.

Bangkok Post

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Alibaba's Jack Ma turns up in Japan as college professor

Alibaba Group founder Jack Ma will be a visiting professor at Tokyo College, a research institute run by the prestigious University of Tokyo

The Independent UK

Jack Ma joins University of Tokyo as visiting professor

BEIJING: Alibaba Group Holding Ltd co-founder Jack Ma is joining the University of Tokyo’s Tokyo College as a visiting professor, according to a profile page on the university’s website.

The Times of India

Some Etsy sellers are ripping buyers off charging seven times more for 'fakes'

One Etsy seller had 19 “handmade” items on sale, but six were actually from Asda

Wales Online

Some Etsy sellers ‘ripping off’ customers over ‘handmade’ products, Which? says

The watchdog said some sellers were charging up to seven times more than other websites for items falsely presented as ‘handmade’.

The Independent UK

US official says Chinese cloud companies like Huawei could pose threat

U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to U.S. security and vowed to review a request to add them to an export control list.

Reuters

3 Chinese Stocks Taking a Hit Amidst Regulatory Crackdowns in China

The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure on stocks. Hence, investors could consider avoiding fundamentally weak Chinese stocks The9 Limited (NCTY), Recon (RCON), and ZW Data (CNET), which are…

StockNews.com

China wants to gives its AI systems ‘socialist values’ and bans them from criticising country’s leaders

Chinese tech giants Alibaba and Baidu have announced their own versions of ChatGPT

The Independent UK

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Caixin Global

Jack Ma Appointed Honorary Professor at the University of Hong Kong

The Alibaba co-founder will focus on conducting research in finance, agriculture and entrepreneurial innovations with the HKU faculty, with no plans for public lectures or speeches, reports say

Barchart

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Dynamite News

Alibaba showcases its ChatGPT-style service

Alibaba showed off its version of the ChatGPT, demonstrating new software that it plans to roll out across all its platforms eventually. Read further on Dynamite News:

The Guardian - UK

As the west tries to limit TikTok’s reach, what about China’s other apps?

With government concerns over national security growing, Beijing’s influence over platforms such as WeChat and Shein could come under scrutiny

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France 24

Alibaba unveils chatbot as China tightens rules on AI

Alibaba is the latest tech company to enter the artificial intelligence race, as it unveils its own chatbot, Tongyi Qianwen. But it could face restrictions before even launching, as authorities in Beijing have outlined draft regulations to govern AI, including the stipulation that such platforms will reflect the core values…

TechRadar

Alibaba now has a ChatGPT rival for its cloud customers to use

Alibaba has announced a new LLM that it hopes to integrate within its numerous services for cloud customers and beyond.

The Independent UK

China releases new AI rules as tech giant Alibaba unveils ChatGPT rival

Alibaba working on ChatGPT rival Tongyi Qianwen, which it plans to integrate across its services

Tom’s Guide

Chinese version of ChatGPT incoming as Alibaba announces AI rival

Alibaba, one of the largest tech companies in the world, has announced its own ChatGPT style AI called Tongyi Qianwen

Fortune

SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Al Jazeera

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Bangkok Post

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

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