renminbi
PulseAugur coverage of renminbi — every cluster mentioning renminbi across labs, papers, and developer communities, ranked by signal.
16 day(s) with sentiment data
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DeepSeek secures $7B in first funding round, launches coding team
DeepSeek, an AI firm, has secured its first external funding round, raising over 50 billion renminbi (approximately 7 billion USD). This significant financial injection marks a shift from their previous no-funding polic…
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Alibaba's T-Head chip unit boosts capital 3x amid IPO speculation
Alibaba's chip design division, T-Head, has significantly increased its registered capital from 300 million to 1 billion renminbi. This move also involved a restructuring of its ownership, transferring from DAMO Academy…
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Star Dynasty raises over RMB 4 billion for humanoid robots at SF Express
Star Dynasty, a humanoid robot company supported by Tsinghua University, has secured over RMB 4 billion in funding. The company is deploying its robots to SF Express logistics centers throughout China.
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ECB President Lagarde calls for talks on yuan undervaluation
European Central Bank President Christine Lagarde has called for international discussions regarding the undervaluation of the Chinese yuan. She believes this currency imbalance, alongside China's growing trade surpluse…
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China rejects trade criticism amid global concerns over imbalances
China has rejected international criticism regarding its trade practices, with Vice-Premier Ding Xuexiang stating that the country does not actively pursue trade surpluses. He attributed import limitations to other coun…
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Hang Seng Tech Index sees volatile trading amid mixed sector performance · 8 sources tracked
The Hang Seng Tech Index experienced significant volatility, fluctuating between gains and losses across multiple trading days. While some sectors like semiconductors and software services saw surges, others such as ban…
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Doubao launches professional AI assistant with enhanced agent capabilities
Doubao, a professional AI assistant, has officially launched its 2.1 series models with enhanced capabilities. The new models support agent tasks, allowing users to operate local computers, browse the web, and utilize s…
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Hong Kong boosts offshore yuan trading to attract listings
Hong Kong is implementing new measures to bolster its offshore yuan trading capabilities, aiming to attract more listed companies to trade stocks in renminbi. The city plans to leverage its status as a financial hub to …
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Hong Kong to boost offshore yuan trading with new measures in July
Hong Kong is set to implement new measures in July aimed at bolstering its position as a global offshore Chinese yuan trading hub. The financial secretary, Paul Chan Mo-po, announced plans to increase the number of list…
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Germany aligns with EU on China trade, calls for yuan talks
Germany is aligning with the EU's stricter stance on China's economic practices, with Chancellor Friedrich Merz calling for international talks similar to the Plaza Accord to address the perceived undervaluation of the …
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Renminbi Swift payments share dips to 2.75% in May
In May, the global share of renminbi payments processed through Swift was 2.75%, a slight decrease from the previous month's 2.85%. This data reflects the renminbi's ongoing role in international financial transactions.…
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Hong Kong and Shanghai forge financial synergy for global tech expansion
Hong Kong's Financial Secretary, Paul Chan Mo-po, highlighted the growing synergy between Shanghai and Hong Kong in financial services. He emphasized that Shanghai can focus on industrial development while Hong Kong lev…
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Dim Sum Bond Issuance Surges 50% Amidst Market Style Rotation
The market for Dim Sum bonds, a type of offshore RMB bond, has seen significant growth this year, with issuance reaching 759.618 billion yuan by June 14th, a 50.37% increase year-on-year. This surge highlights a broader…
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Overseas firms favor yuan for cross-border trade: Bank of China poll
A recent poll by Bank of China indicates a strong and growing international acceptance of China's renminbi. The survey found that over 95% of overseas firms plan to maintain or increase their use of the yuan for cross-b…
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AI News Roundup: Google's ASI Roadmap, Anthropic Controversy, and Marine Robotics Funding
The AI news cluster highlights two distinct items from 36Kr, one on June 15th and another on June 12th. The June 15th flash news mentions an adjustment in the RMB to USD central parity rate and a significant A-round fun…
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Hong Kong, Indonesia agree direct yuan-rupiah transactions
Hong Kong and Indonesia have agreed to establish a framework for direct currency transactions using the Chinese yuan and Indonesian rupiah. This initiative, signed by the People's Bank of China, the Hong Kong Monetary A…
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Yuan nears euro's place in global payments amid de-dollarization
The Chinese yuan is nearing the second position in global payment settlements, potentially surpassing the euro. Despite the US dollar's continued dominance, the yuan has seen record transaction volumes and is already th…
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Anthropic releases its most powerful AI model, Claude Fable 5
Anthropic has officially launched its latest and most powerful AI model, Claude Fable 5. This new model represents a significant advancement in AI capabilities, with the company touting it as their strongest offering to…
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Hong Kong dim sum bonds see surge in foreign investment
The Hong Kong "dim sum bond" market, which issues RMB-denominated bonds, is experiencing a resurgence. In the first five months of the year, the issuance volume reached 430 billion yuan, a 23.6% increase year-over-year,…
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Zhipu AI valuation surges to $90B amid IPO plans
Zhipu AI, a Chinese AI company, experienced a significant surge in its stock valuation, reaching approximately $90 billion before a subsequent correction. This valuation was driven by ambitious IPO plans, despite the co…