Officials from US, Singapore, Indonesia, and Malaysia consulates visited Maoming, China, for an exchange event focused on the city's characteristic industries and open development. The visit highlighted Maoming's extensive lychee cultivation and its plans for deep processing, e-commerce, and cultural tourism.
Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up to US$50 billion, according to three people familiar with the matter, as the country’s marquee state-backed investment vehicle joins in bankrolling what is seen as a national technology champion. The round was being backed by a group of state-linked investors, including AI-focused affiliates under the third phase of the China Integrated Circuit Industry...
Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowersThe private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned.A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. Continue reading...
TCS CEO K Krithivasan rejects the notion that India's IT sector will become obsolete, viewing AI as a catalyst for growth. Despite a 2.4% revenue decline in FY26, the company achieved a record $40.7 billion in total contract value.
