China tightens tax reporting rules for internet platforms · TechNode
China has rolled out new tax reporting rules for internet platforms in a move to boost transparency and enforcement. The regulations, which took effect June 23, require platforms to submit…
China advances development bank to help 10 Eurasian countries curb US dollar risks
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key…
Starbucks denies reports it plans to fully exit China · TechNode
Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in…
Boy, 11, shot dead in Texas after ‘ding dong ditch’ doorbell prank
An 11-year-old boy was fatally shot in Houston, Texas after a prank in which he rang the doorbell of a home and ran away, police said. The boy had been…
ByteDance fires LLM team head over conflict of interest · TechNode
ByteDance has dismissed Qiao Mu, former head of its Doubao large language model (LLM) team, following an internal ethics probe. In a notice circulated internally on Monday, the TikTok owner…
EU chief’s plane hit by suspected Russian GPS jamming over Bulgaria
A plane carrying EU chief Ursula von der Leyen was hit by GPS jamming as it readied to land in Bulgaria on Sunday, Brussels said on Monday, alleging Russia was…
Xiaomi to launch its first AI glasses tonight · TechNode
Xiaomi announced yesterday that it will unveil its new AI glasses during an event entitled the “Xiaomi Human-Car-Home Full Ecosystem Launch,” being held this evening, China time. The teaser poster…
Hainan launches bilingual tax platform for foreign nationals
In a move to streamline tax services for foreign nationals, the tax authority of Hainan province launched a bilingual booking platform in Chinese and English on Aug 15. The initiative…
Lin-gang Special Area at 6th anniversary: New projects to boost innovation
Agreements for six major industrial projects were signed in Shanghai“s Lin-gang Special Area on Aug 19, as part of the area’s sixth anniversary celebrations. The high-profile projects include a heavy…
China’s power use sees strong growth in July
BEIJING – China“s electricity consumption, a key barometer of economic activity, surpassed the 1-trillion-kilowatt-hours mark in July, according to the National Energy Administration on Thursday. Power use hit 1.02 trillion…