Initially reluctant to engage in price wars in China's competitive coffee market, Starbucks now faces pressure to adapt as local budget-friendly rivals gain traction, prompting a surge in discount coupons.
Tags: China
China’s Tencent Joins Competitive Chatbot Market With New 'Yuanbao' AI Assistant
Tencent released Yuanbao AI app to compete with other Chinese chatbot companies. The headquarters of Tencent, the parent company of Chinese social media company WeChat, are seen in Beijing on August 7, 2020.
OpenAI Exposes Covert Influence, Threats from Russia, China, and Beyond
OpenAI's inaugural report unveils the disruption of disinformation campaigns originating from Russia, China, Israel, and Iran, highlighting the misuse of its AI tools by malicious actors for propagandistic content across social media platforms.
North Korea's Rare Critique of China Signals Discord Over Nuclear Weapons
North Korea's criticism of China's involvement in discussions on the Korean Peninsula's denuclearization highlights a divergence in views between the two countries.
US-China Tech Rivalry Intensifies: Chinese Expert Predicts Rapid Catch-Up in Supercomputing
A Chinese expert predicts that despite current technological disparities and US efforts to curb its progress, China will soon catch up to American chipmakers in the race to build the world's most powerful computers.
Latest News
China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
French Finance Minister Bruno Le Maire told Bloomberg that the G7 has an issue with China’s economic model, where the country produces more and more cheaper industrial devices, which he claimed could pose a threat to the global market.
Chinese Premier Li Qiang welcomed Samsung's investment in China before a historic summit involving South Korea and Japan.
ASML and TSMC, leading chipmakers, have installed a "kill switch" feature to remotely disable advanced chipmaking machines in the event of a Chinese invasion of Taiwan.
Self-exiled Chinese billionaire Miles Guo Wengui faced court over his fraud charges, with prosecutors alleging him of financing his luxurious lifestyle.
China has recently cracked down on "bad behavior" content, suspending super-wealthy social media influencers to discourage extravagance and materialism.
The Singapore Food Agency (SFA) recalled two walnut products from China over prohibited sweetener content, urging caution while conducting proactive testing.
