HomeTechnologyChina simply arrange Nationwide Information Administration to mine knowledge for financial development

China simply arrange Nationwide Information Administration to mine knowledge for financial development


3. A whole lot of Baidu staff are working across the clock and borrowing pc chips from different departments to prepare for the launch of Ernie Bot, Baidu’s reply to ChatGPT, this coming Thursday. (Wall Avenue Journal $)

4. Shou Zi Chew, TikTok’s CEO, has sought closed-door conferences with a minimum of half a dozen lawmakers in Washington, DC. He’s scheduled to seem earlier than a congressional listening to relating to privateness and nationwide safety issues about TikTok later this month. (Forbes $)

5. China might management 32% of the world’s lithium mining capability by 2025, the funding financial institution UBS AG estimates. (Bloomberg $)

6. China reappointed Yi Gang as the top of the central financial institution, signaling continuity in its financial insurance policies. (AP

7. The “996” overwork tradition in China, embraced by tech firms a number of years in the past, is just not going away simply. An govt at a Chinese language auto firm lately requested its authorized division to determine “the right way to keep away from authorized dangers” in asking staff to work on Saturdays. (Sixth Tone)

Misplaced in translation

In central China, a younger entrepreneur is reimagining retirement houses by educating the senior residents the right way to play e-sports. As Chinese language gaming publication ChuApp stories, Fan Jinlin, a 25-year-old in Henan province, took over his household’s retirement home-based business after school. He began creating video content material in regards to the lives of the residents and rapidly attracted thousands and thousands of followers on Douyin, the Chinese language model of TikTok. 

In February 2022, he started constructing an e-sports room in his fifth retirement residence and recruiting seniors who’re desirous about video video games. Zhang Fengqin, a 68-year-old retired financial institution clerk, is one among them. She noticed the information on Douyin and utilized. Quickly, she grew from somebody who didn’t even know the right way to use a mouse to a proficient participant of Teamfight Techniques, a preferred sport that doesn’t require fast reflexes as a lot as strategic pondering. In the end, Fan needs to construct knowledgeable group to play in tournaments, however to realize that, he would wish a minimum of seven contributors like Zhang. Proper now he solely has three.

Yet one more factor

The quantity 2,952 has disappeared from China’s social media platform Weibo. Why? As a result of President Xi Jinping prolonged his rule for one more 5 years final week, having acquired 2,952 votes approving the extension—with zero opposed and nil abstaining—in China’s ceremonial legislative physique, the Nationwide Individuals’s Congress. Whereas everybody knew Xi would get a 3rd time period, the truth that there was not a single opposition vote nonetheless received individuals speaking about how pointless the process was. Only a few days later, Weibo blocked search outcomes on the quantity.

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