In an electrifying turn of events, China’s government has executed an unexpected switcheroo in the political sphere! Qin Gang, who had mysteriously disappeared from public view since June, has been dethroned from his position as Foreign Minister, as reported by CCTV. As intrigue around Qin Gang’s sudden disappearance thickens, the Chinese authorities have remained tight-lipped, […]
The Defense Ministry of Taiwan announced on Saturday that dozens of Chinese warplanes, inclusive of fighter jets and bombers, were observed flying towards the island. This significant military activity occurred days before Taiwan’s scheduled military exercises intended to bolster its defenses against possible invasions. Next week, Taiwan is set to conduct its annual Han Kuang […]
Biocytogen Pharmaceuticals, a global biotech firm specialising in novel antibody therapeutics, has agreed to a licensing deal with Pheon Therapeutics, an antibody-drug conjugate (ADC) developer. Pheon Therapeutics is set to develop and commercialize an antibody created with Biocytogen Pharmaceuticals’ exclusive RenMice platforms, a technology that generates fully human antibodies with low immunogenicity, high diversity, species […]
Tensions around the potential for a nuclear disaster amidst the ongoing Russia-Ukraine conflict have surged in recent months, drawing worldwide attention. In a crucial intervention, China’s President Xi Jinping reportedly advised Russian President Vladimir Putin to refrain from employing nuclear weapons in the Ukraine conflict, as reported by the Financial Times. According to both Western […]
Chinese auto insurance technology platform Cheche Technology will merge with Prime Impact Acquisition I, a special purpose acquisition company (SPAC), to become a publicly listed company. The proposed merger represents a pre-money equity value of $760 million for Cheche Technology and is anticipated to bring in gross proceeds of around $68 million and additional financing […]
Baidu, an AI company, has received first-ever license to test drive fully driverless vehicles on public roads, with no driver or safety operator in the car, in Beijing, China. The approval is expected to help the Chinese multinational technology company launch paid fully driverless robotaxi service in China’s capital city after its success in Wuhan […]
Pony.ai, an autonomous vehicle (AV) technology company, will deploy driverless robotaxis in Beijing, China, following the approval from the capital city’s Intelligent Connected Vehicle Policy Pilot Zone. This permit marks the third stage of fully driverless autonomous testing for Pony.ai in Beijing. Under the new permission, the company will test 10 fully driverless L4 autonomous […]
China retail industry news : UK toy retailer Hamleys has opened a new store in Beijing, which is its third toy store in China and its largest store worldwide. The new Hamleys toy store in Beijing is located in Wangfujing, considered to be a popular shopping street in China. According to Hamleys, its 10,700sqm Beijing […]