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Qujing Technology raises hundreds of millions in Pre-A round, seizing the token infrastructure market.

Qujing Technology raises hundreds of millions in Pre-A round, seizing the token infrastructure market.

On May 20, AI token production service provider Qujing Technology announced the completion of a Pre-A round financing worth several hundred million RMB. This round was co-led by Xinglian Capital and Huakong Technology, with continued investment from existing shareholder Hillhouse Venture, and follow-up investments from Honghui Capital, Tianhao Energy, among

OpenAI, NVIDIA, and Google Announce Major AI Initiatives in Singapore on the Same Day

OpenAI, NVIDIA, and Google Announce Major AI Initiatives in Singapore on the Same Day

``` Global top tech giants are intensively expanding in Singapore, pushing the city-state to the core of Asia-Pacific AI competition. On Wednesday, OpenAI announced it will establish its first application AI lab outside the US in Singapore, pledging to invest over 300 million Singapore dollars (about $234 million) into the local

Cannes Film Festival's "major outburst of profanity," boos erupt at graduation ceremony—"Boycott AI" has become a trend

Cannes Film Festival's "major outburst of profanity," boos erupt at graduation ceremony—"Boycott AI" has become a trend

``` A wave of public backlash against artificial intelligence is rapidly spreading—from Hollywood's red carpets to American university graduation ceremonies, AI has become the most controversial cultural symbol of this era. On the eve of the 79th Cannes Film Festival, after a screening of the 20th anniversary 4K

The market breathed a temporary sigh of relief as Japan's ultra-long government bond auction unexpectedly strengthened, with yields plunging more than 10 basis points in response.

The market breathed a temporary sigh of relief as Japan's ultra-long government bond auction unexpectedly strengthened, with yields plunging more than 10 basis points in response.

``` After weeks of intense volatility, Japan's super-long government bond market has seen a brief respite. On Wednesday, Japan's Ministry of Finance held a 20-year government bond auction, with a bid-to-cover ratio of 4.01, higher than the average for the past 12 months. The auction results

Bank Balance Sheet Shift: The Era of Hundreds of Trillions in Bond Holdings

Bank Balance Sheet Shift: The Era of Hundreds of Trillions in Bond Holdings

The expansion of commercial banks' balance sheets is bidding farewell to the era of being driven solely by credit. With the shift of the real estate and infrastructure engines, effective credit demand from the real economy is under pressure, and commercial banks are generally caught in the dilemma of

Japanese Finance Minister: Will "take bold action" if necessary to prevent further yen weakness

Japanese Finance Minister: Will "take bold action" if necessary to prevent further yen weakness

As the yen comes under pressure, Japan's finance minister issues a strong signal of intervention, while the market closely watches whether the Bank of Japan can raise rates in June to provide more lasting support. Japanese Finance Minister Kaori Katayama said on Tuesday after attending the G7 meeting

Mediation unsuccessful! Samsung labor union says it will go on strike tomorrow, but remains willing to negotiate during that period.

Mediation unsuccessful! Samsung labor union says it will go on strike tomorrow, but remains willing to negotiate during that period.

Talks went on and adjustments were made, but both labor and management sides at Samsung still failed to reach an agreement at the last moment. According to the latest report from Yonhap News Agency, the Samsung Electronics union announced on May 20th that since Samsung management refused to accept the