The Trudeau Foundation has investments in Chinese companies Baidu and Tencent, a former board member told MPs on a parliamentary committee. Both companies have been subjects of security warnings. The Trudeau Foundation was created with a $125 million endowment from the federal government in 2001 in memory of former prime minister Pierre Elliot Trudeau, to…
Trudeau Foundation Has Investments in Chinese Companies Flagged for Security Risks, Says Former Board Member
Baidu Sues Apple, App Developers Over Fake Ernie Bot Apps
April 9, 2023
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SHANGHAI—Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc. over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said it had lodged…
Baidu Set to Challenge ChatGPT in March
February 14, 2023
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China’s Baidu announced it will complete the internal testing of Ernie Bot (Chinese name: Wenxin Yiyan), a ChatGPT-style AI project, in March and open it to the public. However, some experts are not optimistic about Baidu’s product due to the ubiquitous censorship of “sensitive words” under the Chinese Communist Party (CCP) rule. On Feb. 7,…
Strategic Intent: China Pushes to Commercialize In-House BeiDou Satellite System
October 13, 2022
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The Chinese mapping service application Baidu Maps now prioritizes the use of China’s in-house BeiDou Navigation Satellite System (BDS) over the U.S.-operated Global Positioning System (GPS). Analysts believe the move would allow the Chinese Communist Party (CCP) to expand the reach and use of its in-house satellite navigation system to more countries. According to Chinese media…
Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting From US
March 31, 2022
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….
Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting
March 31, 2022
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baiduBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesHFCAAMarketsMedia & Big TechPolicies & ImpactsSecurities and Exchange CommissionstocksThreat from Communist ChinaUSUS-China relations
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….
Chinese Media Unveiled Illegal Manipulation of Tiktok’s Hot List
News Analysis Two China-based employees of ByteDance, the developer of short video app TikTok, were sentenced to prison for taking bribes to prioritize certain content on the video platform. The arrests come amidst the common phenomenon of faking popularity through Chinese online media. A Beijing court sentenced Wang Moudi to 14 months in prison and Zhang…
Tencent Spared Amid China Tech Monopoly Crackdowns
Commentary The Chinese government fined Alibaba $2.8 billion under the anti-monopoly law, highlighting the Chinese government’s comprehensive review of mainland Internet companies. However, Tencent, another monopolistic Internet company in mainland China, was only fined $311,610, mere pennies for a mega-corporation like Tencent. The CCP’s biggest grievance with Alibaba is that it has grabbed a very big…
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