China is set to launch a new aircraft carrier and destroyer in the coming months, continuing the rapid expansion of its naval forces. Experts believe that foreign investments in China could be fueling the construction of the ships. China’s third aircraft carrier, the Type 003, will likely be ready for launch in three to six…
China to Launch New Aircraft Carrier and Destroyer in Coming Months
November 11, 2021
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Ant Group Starts to Differentiate Consumer Loan Business From Bank Loans
Jack Ma’s Ant Group is undergoing a “brand differentiation” process over its loan provider as part of its Beijing-driven restructuring. Some Chinese users recognized changes in the fintech group’s credit services, Jiebei, as the platform now clearly indicates that the loan is provided by banks, rather than Ant’s own consumer finance company, China’s state-run media…
China’s Regulatory Crackdown Pushes Tencent to Slowest Revenue Growth Since 2004
November 10, 2021
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SHANGHAI—Chinese gaming and social media giant Tencent Holdings posted its slowest revenue growth since it went public in 2004 on Wednesday, hurt by a regulatory crackdown, and said the outlook for the advertising sector would remain weak into next year. Revenue climbed 13 percent to 142.4 billion yuan, slightly below expectations, and was the slowest…
China’s Comprehensive Tech Theft Explained by Expert; China’s Ban on Taiwanese Officials
November 8, 2021
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Based on the news of three Taiwanese officials being sanctioned by China, did China just announce Taiwan is actually a country? This comes as the grounds for these sanctions go unexplained. Speculations suggest that sanctions only work against a foreign country. Did the aggression from the Chinese Communist Party finally pay off … for Taiwan?…
Spy Campaign Targeting US Defense Sector Possibly Linked to China: Report
November 8, 2021
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A cyberespionage campaign that breached nine global agencies, including one in the United States, could have been perpetrated by a group with ties to the Chinese government. The campaign resulted in the theft of sensitive documents from an unnamed government agency between September and October, according to a report by Unit 42, a threat intelligence…
China Plans To Build More Alien-Hunting Telescopes To Win In Space Race, Experts Says Pointless
A Chinese astronomer on Oct. 31 claimed that in 50 years, China would lead the world in space exploration with the expansion of its “Sky Eye” program, a set of telescopic instruments used to observe deep space. “Sky Eye” is a single-dish 500-meter aperture spherical radio telescope (FAST) with a receiving area of around 30…
China’s Chip Giant Battles for Supremacy, Spares No Expense to Keep Talent
Due to the global importance of semiconductor chips for high-tech development, several Chinese companies have begun producing them. China’s largest chip manufacturer is Semiconductor Manufacturing International Corp. (SMIC). Its co-CEO, Meng-Song Liang, announced last August that progress has been made in its attempts to manufacture 7 nanometer (nm) chips. Yet such chips are not small…
Poor Report Cards Likely at China’s Big Tech After Regulatory Clampdown
November 8, 2021
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SHANGHAI—China’s biggest listed companies Tencent and Alibaba are expected to report a fall in profits and slowing revenue growth in the July–September quarter, hurt by the year-long regulatory clampdown that has upended its tech industry. Beijing has reasserted control over its once-freewheeling Internet sector, punishing well-known names for engaging in what were previously considered regular…
Chinese Spy Convicted of Conspiracy to Steal Cutting-Edge US Aviation Technology
November 5, 2021
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A jury in Cincinnati has convicted a Chinese intelligence agent over his role in a scheme to recruit spies and steal sensitive American aviation technology for Beijing. Xu Yanjun, a deputy division director at the Chinese Ministry of State Security, Beijing’s top intelligence agency, was found guilty on all four counts, including conspiring to and…
Intel, Sequoia Linked to AI Company That Worked for Chinese Military: Report
November 5, 2021
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News Analysis Major U.S. firms, including Intel and Sequoia Capital, have maintained financial and research ties with a Chinese company known to provide artificial intelligence to Beijing’s military, according to a new report by the Center for Security and Emerging Technology (CSET) at Georgetown University. 4Paradigm, a major enterprise AI company headquartered in Beijing, was…
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