China is among the largest nations in the world, that is experimenting extensively with its CBDC initiative. In a fresh development, China’s Changshu city has reportedly decided to compensate all civil servants within its jurisdiction in the form of the e-CNY CBDC. This marks the first time that the Chinese…
The state body responsible for advising the Irish government on cyber security recommended on Friday that staff at government departments and state agencies not use Chinese-owned video app TikTok on official devices. A number of Western countries including Britain, the US and other European Union member states have barred TikTok…
TAIPEI – China’s military carried out aerial and naval blockade drills around Taiwan on Monday, its last scheduled day of exercises, with a Chinese aircraft carrier joining in combat patrols as Taipei reported another surge of warplanes near the island. China announced the three days of drills on Saturday, after Taiwan’s President…
China began three days of military exercises around Taiwan on Saturday to express anger at Taiwan President Tsai Ing-wen’s meeting with the speaker of the US House of Representatives, as the island’s defense ministry said it would respond calmly. The drills, announced the day after Tsai returned from the United…
Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last…
China’s cyberspace regulator will conduct a cybersecurity review of products sold in the country by US memory chip manufacturer Micron Technology, the regulator said on Friday. The move, which comes amid a spat over chip technology between Washington and Beijing, is aimed at protecting the security of the supply chain for…
Japan said on Friday it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China’s ability to make advanced chips. Japan, home to major global chip equipment makers such as Nikon and Tokyo Electron, did not specify China…
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses will…
House Republicans are pushing President Joe Biden to investigate the Chinese Communist Party’s ties to the collapsed Silicon Valley Bank – and demanding that he reveal any Biden family connections with Chinese companies set to benefit from the federal government’s bailout. Silicon Valley Bank and a Shanghai-based subsidiary “played an…
After the United States, the UK and New Zealand became the latest western countries to ban the Chinese-owned video-sharing platform TikTok on “government devices” citing security fears, The New York Times reported. The UK, on Thursday, announced the ban of TikTok with immediate effect citing security fears linked to the…
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