china

According to Bloomberg on October 16, China proposed to include advanced artificial intelligence technology in the export control list, which may restrict the overseas transfer of AI models and chips in order to implement stricter controls on domestic progress in this strategic field.The draft covers 23 AI technologies, including large language models, intelligent agents, chip design, and computing power clusters. Restricted technologies include model weights and source code for products exceeding specific performance thresholds, with relevant policy texts available on the public page of the Ministry of Commerce of China.

Tesla's official website in China has opened reservations for the Roadster, with a reservation deposit of 332,000 yuan for the Performance version.The official website in the United States has opened reservations for multiple versions, with a reservation deposit of 50,000 dollars for the Performance version, 250,000 dollars for the Thrust version, and the Rocket version is available by invitation only.

NVIDIA's CEO Jensen Huang told CNBC that the company must collaborate with Chinese artificial intelligence companies to monitor related risks. In a media briefing in London on Wednesday evening, he stated that both parties should work together to safely advance technological development. Huang mentioned that artificial intelligence poses potential dangers and indicated that he maintains ongoing dialogue with many researchers in China.Huang believes that the way to collaborate with Chinese artificial intelligence companies is through dialogue and emphasized the need to strengthen this dialogue. He stated that the United States should do this and also advocated for the United Kingdom to take the same approach. The page noted that OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei advocate for increased regulation, while Huang has become a prominent voice opposing this stance. In recent months, researchers from laboratories including OpenAI and Anthropic have called for a slowdown in technological development and warned of risks to human survival.The page also mentioned that U.S. Treasury Secretary Scott Bessent discussed U.S.-China artificial intelligence dialogue with Chinese counterpart He Lifeng in September, covering communication channels for events up to the national security level. The Chinese side reported that Xi Jinping pointed out that there may be competition between China and the U.S. in artificial intelligence, but the space for cooperation may be larger, and both sides can continue to exchange views on risks and benefits to jointly prevent abuse. Huang stated that the UK, with its intellectual capital, is well-positioned to become the convener of relevant dialogue. The related market data showed that NVIDIA's stock price fell by $3.95, a decrease of 1.78%.

According to Bloomberg, the New Taipei District Court in Taiwan has authorized Taiwan's communication regulatory agency and internet registration agency to block domestic access to Coinbase and the prediction market platform Kalshi, due to allegations of providing election betting services.This blockage occurs a few weeks before the local elections in Taiwan, which will test the public support for President Lai Ching-te's government. Some Coinbase users in Taiwan have reported that they have been unable to access the platform normally since Wednesday.

Apple's Executive Chairman Cook revealed in Shanghai that Apple Smart has been approved in China.A test version will be launched later in October, with the first batch of features including real-time translation, writing tasks, and image removal, excluding Siri AI.

Members of the Solana team shared photos announcing the establishment of an office in Shanghai, China. Core member Vibhu and Foundation Chair Lily Liu announced that Solana occupies the "highest" commercial office space in the world.In response, Binance founder CZ retweeted, stating that it is amazing to see Solana able to advertise in China and even set up an office. BNB Chain has not been able to achieve this so far.

According to reports from Strait News, in March 2025, Zheng Mouyi, Zou Moumou, and others exploited the weak regulation and difficulty of evidence collection in offline USDT over-the-counter trading to plan a "black eat black" robbery crime under the guise of virtual currency offline trading.The gang raised over 340,000 yuan and invited virtual currency merchants for offline transactions. During the transaction, after the merchant transferred over 40,000 USDT into the virtual wallet controlled by the gang, Zheng Mouyi sprayed the victim's eyes with chili water on the spot and, along with others, violently seized all the transaction funds. After the incident, six involved individuals divided the stolen money. The day after the incident, the public security authorities quickly arrested all involved individuals, recovering most of the stolen funds and returning them to the victim.The Jin'an District Prosecutor's Office legally prosecuted Zheng Mouyi, Zou Moumou, and four others for robbery. In 2026, the court heard the case and sentenced the five defendants to fixed-term imprisonment ranging from five years and seven months to ten years and four months for the crime of robbery.

According to a report by Bloomberg cited by Phoenix Technology, Apple is preparing to launch its AI platform, Apple Intelligence, in mainland China. Insiders say that Apple plans to roll out this feature in December through the upcoming iOS 27.3 update, covering capabilities related to iPhone, iPad, and Mac that were first launched in the United States two years ago.Insiders indicate that this launch does not include the new Siri AI assistant or other features announced this year. In July, Apple received preliminary approval to launch Apple Intelligence in China and has recently engaged in further discussions with the Ministry of Industry and Information Technology to seek permission for a formal consumer launch of the service.According to previous reports, the AI platform launched by Apple in China employs a security protection mechanism co-developed with Alibaba and collaborates with Baidu to develop search and Siri-related features. As of the time of publication, an Apple spokesperson declined to comment.

Global leading chip equipment manufacturer ASML's Chief Financial Officer Roger Dassen stated that the company opposes a proposal in the U.S. Congress to restrict its sales of DUV lithography equipment to China, believing it is a bad idea. This statement came during a conference call with reporters following the company's third-quarter earnings release.Dassen said that if the Match Act is passed after the U.S. midterm elections, it will accelerate the development of competitive technologies within China. He also expressed optimism that common sense would prevail. Reuters described the Match Act as a U.S. Congressional proposal to limit ASML's sales of DUV lithography equipment to China.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "Dota 2: Team Resilience vs Yakult Brothers - DreamLeague China Closed Qualifiers Playoffs," the "Yes" option in the sub-market "Ends During the Day" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of relevant breaking news.

According to Bloomberg, the only Renminbi clearing bank in Hong Kong, Bank of China (Hong Kong) Limited, plans to issue interbank certificates of deposit in the mainland market, with the quota already registered with the People's Bank of China. A statement released by Bank of China Hong Kong on Tuesday indicated that the company plans to issue up to 22.2 billion Renminbi (approximately 3.3 billion US dollars) in interbank certificates of deposit this year.Interbank certificates of deposit are short-term debt instruments with a maturity of one year or less, commonly used by domestic banks to raise funds from peers. Bloomberg stated that this move is another step by Chinese authorities to strengthen Hong Kong as a hub for Renminbi business.

Recently, the police in Binhai City, Shandong, China received a report from a citizen named Xie, stating that 1,300 USDC stablecoins and NFTs worth tens of thousands of yuan had mysteriously disappeared from his digital wallet. There were no obvious transfer alerts or signs of phishing links in the wallet. The police began an on-chain investigation into the virtual currency transfer records and actively sought cooperation with enterprises to analyze the suspect's account.After extensive work, a major suspect named Chen (30 years old, from Fengyang County, Chuzhou, Anhui) was identified. On October 9, technical police officers went to Fengyang County to arrest him. Upon arrival, Chen initially denied the allegations. However, the police utilized the immutable and traceable characteristics of blockchain evidence to gradually break down his psychological defenses. Chen ultimately confessed to the theft. Chen has now been criminally detained in accordance with the law, and his family has actively compensated the victim for the losses. This case marks the first instance of virtual currency theft in Binhai City.

On October 13, Tesla CEO Elon Musk stated on social media platform X: Once China masters the manufacturing methods for a certain type of product, its ability to scale production often exceeds that of the rest of the world combined. He cited lithium batteries and solar energy as examples, claiming that China has demonstrated this characteristic in these fields. This statement was in response to a discussion about memory manufacturer Changxin Storage.The poster Melvin believes that Changxin is already a competitor that cannot be ignored, but whether new technology can stably achieve large-scale mass production still depends on yield, cost, and reliability. He also noted that memory demand is still growing, and an increase in production capacity does not mean that the market will immediately experience oversupply. Regarding memory, Musk mentioned that about three years ago, memory was still a low-margin commodity, with LPDDR5 and LPDDR6 designed according to common standards, and China seems to be rapidly solving related technical issues.Musk also pointed out that the new generation of high-bandwidth memory architecture is more difficult to tackle. Another challenge is placing a layer of SRAM beneath the logic chip and stacking RAM in three dimensions above it while addressing the heat dissipation issues of the logic chip. Phoenix Technology cited public information stating that on September 7, Changxin Storage announced that LPDDR6 has entered mass production and was first commercially used in the Xiaomi 18 Fold, with a capacity of 16 GB, compliant with JEDEC's LPDDR6 standard. Subsequently, Changxin announced that its fifth-generation DRAM process platform has achieved mass production and launched two LPDDR5X products based on this platform, aimed at smartphones and portable consumer electronics, with a single bare chip capacity increased by 50% compared to the previous generation of similar products.

Phoenix Technology cited a report from IDC seen by Reuters, stating that in the first half of 2026, NVIDIA's market share in China's data center AI chip market dropped to 34%. IDC data shows that from January to June this year, NVIDIA's AI accelerator shipments in the Chinese market were 678,000 units, a year-on-year decrease of 44%. The report attributed the change in market share to U.S. export control restrictions limiting product supply, as well as domestic competitors in China expanding their market share.Among the 11 Chinese chip manufacturers tracked by IDC, 9 experienced year-on-year growth in shipments. Huawei's AI accelerator shipments reached 572,000 units in the first half of the year, up from over 300,000 units in the same period last year, accounting for 28% of the overall market. Alibaba's chip design division, T-head, holds a market share of 7%, Cambricon has 5%, Baidu's Kunlun has 4%, and Haiguang Information has 3%.NVIDIA's CEO Jensen Huang has repeatedly criticized the U.S. government's export restrictions, stating that the policy forces NVIDIA to cede the $50 billion AI chip market in China to Huawei. IDC did not specify which products make up the 34% share, nor did it clarify whether it includes chips such as B200 and B300. As of the time of publication, NVIDIA had not responded to requests for comment.

According to the official service account of Visa on October 13, Visa has officially received approval from the People's Bank of China to prepare for a bank card clearing institution within China. Visa will continue to complete subsequent work and carry out bank card clearing business in China.Visa CEO Al Kelly stated that the approval of this preparation application is another important milestone in Visa's long-term commitment to serving the Chinese market. The company looks forward to actively carrying out subsequent work in accordance with the relevant regulatory provisions of the People's Bank of China, in order to strive for early business development in the domestic market.

AI Proem author Grace Shao stated on October 9 that China has long accumulated a large amount of data, but has yet to see large independent AI data companies similar to Surge AI, Scale AI, and Mercor in the United States. She wrote that the relevant background includes the formation of cutting-edge models and upstream data markets in the United States, while Chinese tech giants have long kept data within closed ecosystems, and the data of enterprises and traditional industries is scattered, with state-owned enterprises unwilling to easily hand over data to external suppliers.The article cites data from the National Bureau of Statistics, stating that by 2025, China will generate 52.26 ZB of data, with only 22.13% of the stored data classified as structured data. An interview with Lin Zhenya, CTO of Benyuan Zhishu, by Data Monkey mentions that there are about 2,000 to 3,000 labeling companies in China, with the top three accounting for about 20% to 30% of the market, while he estimates that the top three in the United States account for about 70% to 80%. The author notes that this is an industry estimate, not an independently calculated market share.The Information reported in September 2025 that Beijing-based company UniPat completed financing with a pre-investment valuation of $1 billion, while competitor Humanlaya's post-financing valuation is close to $1 billion. Both companies received investment from HSG and are reportedly serving Alibaba, ByteDance, The Dark Side of the Moon, and DeepSeek. A Hong Kong Stock Exchange announcement from Qian Baidu shows that the company will acquire approximately 90.91% equity in Benyuan Zhishu for 300 million yuan in June 2026. Haitan Ruisheng's 2025 annual report shows a year-on-year revenue increase of 59% to 377 million yuan.

Intel CEO Chen Liwu stated on October 12 in Singapore that the token costs of cutting-edge artificial intelligence models in China are lower, and the adoption speed is "very fast." At a seminar organized by DBS Bank, he mentioned that Chinese models like DeepSeek, Kimi, and GLM perform "well enough."Chen Liwu said, "I firmly believe in open source; it is the best way to drive efficiency." He added that the market will determine which models are best suited for different use cases. He also mentioned that quantum computing could become mainstream in the next 3 to 5 years, and software will play a role in driving the efficient use of some necessary infrastructure.

According to Xinhua News Agency, on October 10, the Central Committee of the Communist Party of China and the State Council recently issued opinions on developing new quality productivity. The opinions propose promoting the deep integration of the real economy and the digital economy, building a national integrated computing power network and a national blockchain network, improving the system for determining data property rights, market transactions, rights distribution, and interest protection, implementing pilot demonstrations for data elements, and optimizing the layout and operation of national data infrastructure.The opinions also propose improving an open, shared, and secure data element market, exploring mechanisms for efficient cross-border data flow, enhancing the policy system for digital industrialization and industrial digitalization, creating internationally competitive digital industry clusters, and establishing mechanisms for future industry investment growth and risk sharing, thereby strengthening long-term capital investment in cutting-edge hard technology.

The Malaysian hardware wallet distributor CryptoBilis has been revealed to have changed ownership during the investigation into a suspected supply chain attack on Ledger devices. Newly disclosed company records show that an individual named Jiaming, with a registered address in Heilongjiang Province, China, has held 100% of the company's shares since August 3.The former co-founder of CryptoBilis confirmed that the company was acquired in March of this year, and the original shareholders subsequently withdrew from all operational, management, and administrative positions. The founding team has been unable to understand the actual operations of the company after the handover, only continuing to assist with some activity coordination, and stated that they are no longer part of the company, urging the current management to handle the matter transparently.As the change in ownership was exposed, CryptoBilis has come under scrutiny for its alleged involvement in the supply chain attack on Ledger hardware wallets, with related devices reportedly implanted with hidden modules capable of stealing recovery phrases. There is currently no conclusive evidence linking the change in ownership to the wallet theft incident. CryptoBilis has temporarily suspended sales and shipments of all brand hardware wallets at its stores and online channels in Malaysia, the Philippines, and Indonesia, and has closed offline stores until further notice.

According to Gate market data, the Nasdaq Golden Dragon China Index rose over 2%, Li Auto rose over 6%, Xpeng Motors rose 4.6%, and both NIO and Alibaba rose 3.5%.