Yuan Weakens Amid US-China Trade Tensions While Yen Strengthens
• 0 min read
Chinese currency faces downward pressure as Beijing announces retaliatory measures against US tariffs, highlighting growing market uncertainty. Meanwhile, Chinese tech shows resilience with DeepSeek's new chatbot launch, though trade concerns persist.
ByteDance Plans $7B Nvidia Chip Investment to Power AI Ambitions
• 1 min read
TikTok parent ByteDance aims to invest $7 billion in Nvidia chips for AI computing in 2025, strategically storing them outside mainland China to comply with U.S. export restrictions. The bold move would make ByteDance one of the world's largest Nvidia chip users as it expands its AI capabilities and chatbot services.