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China’s Alibaba to open ‘free’ AI model

Alibaba said on Wednesday it would open its artificial intelligence (AI) model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. Authorities in China have recently accelerated efforts to support companies developing AI as the technology increasingly becomes a focus of competition with the United States. […]

Hong Kong chief executive John Lee (centre) visited Dubai’s Museum of the Future in February

Hong Kong thrives as GCC-China ‘super-connector’

As Hong Kong prepares to host the Belt and Road Summit this week, its focus is increasingly turning to the Gulf for trade and investment opportunities.  The Chinese special administrative region has been strengthening its links with the Middle East since 2013, when the Belt and Road Initiative was launched. It now wants to attract […]

Bank Of China is only the second Chinese bank to open a branch in Saudi Arabia

Bank of China opens Riyadh branch

Bank of China has opened its first branch in Riyadh with the aim of extending use of the yuan in finance and trade, Chinese and Saudi media reported.  One of China’s top four state banks, Bank of China opened the branch two years after obtaining approval from Saudi authorities with a staff of 20, most […]

Mubadala CEO Khaldoon Al Mubarak said its main investment flows were changing, with more emphasis on India and Southeast Asia

Mubadala’s Beijing office to deepen UAE-China ties

Mubadala Investment Company, the second-biggest state fund in Abu Dhabi, has officially opened an office in Beijing. The move marks a significant development in the growing economic relations between the UAE and the world’s second largest economy. The sovereign fund entered China a few years ago but had to delay its office opening ceremony due […]

Chinese ambassador Zhang Yiming said China and the GCC are putting the final touches on a trade agreement

Middle East moves closer to China with comms deal

China’s Guodong Network Communication Group has raised $150 million from a Middle Eastern sovereign wealth fund in a further sign of strengthening relations between Beijing and the region. The proceeds will support the expansion of Guodong’s communication base stations, Reuters reported, citing a statement from Guodong’s deputy general manager Ji Xiaoling. The statement did not […]