China

Baidu’s Hong Kong shares surged following its intensified AI focus and strategic partnerships, including a collaboration with China Merchants Group. The company is leveraging its Ernie Bot and investing heavily in AI development, backed by a recent $56.2 million bond offering. This move aims to bolster Baidu’s competitive position in China’s burgeoning AI market, where rivals like Tencent are also actively investing. The initiatives reflect Baidu’s commitment to translating AI research into practical applications, particularly in industrial intelligence.

U.S. Treasury Secretary Scott Bessent stated President Trump’s threat to ban TikTok significantly influenced reaching a framework agreement with China. Trump’s willingness to “let TikTok go dark” underscored the prioritization of national security. While ByteDance faces a September 17 deadline to divest its U.S. operations, negotiations stalled after new tariffs were imposed. The emerging TikTok deal, focused on curtailing potentially risky activities, may signal a turning point in strained U.S.-China relations, with discussions between Trump and Xi Jinping anticipated to finalize the agreement.

A potential resolution for TikTok in the U.S. is emerging, as former President Trump hinted at a possible deal with China. Concerns about national security and data privacy, specifically the potential for Chinese government access through ByteDance, fueled previous attempts to force a sale or shut down the app. Congress has even legislated against TikTok’s distribution. Trump intends to discuss the deal with President Xi Jinping. While specifics are undisclosed, it likely involves data security measures and content control to address U.S. concerns. This resolution may signal a shift in U.S.-China tech relations.

China’s SAMR has launched an antitrust investigation into NVIDIA, focusing on potential violations of the Anti-Monopoly Law following its Mellanox acquisition. The probe examines whether NVIDIA is abusing its market dominance through unfair pricing and competitive practices. Penalties could include fines up to 10% of previous year’s sales, potentially higher for severe violations. NVIDIA maintains it wins on merit and cooperates with regulators. This highlights increasing regulatory scrutiny on tech companies in China and impacts NVIDIA’s strategy in a key market.

Nvidia is under investigation by China’s SAMR for potential anti-monopoly violations related to its 2020 acquisition of Mellanox. The investigation focuses on whether Nvidia complied with conditions initially set by Chinese authorities during the approval process. The probe has raised concerns about Nvidia’s future operations in China, a critical market for its data center, gaming, and AI businesses. Analysts suggest the investigation may be linked to geopolitical tensions and China’s push for domestic semiconductor development. The outcome could significantly impact Nvidia’s market access and strategic positioning in China.

A public dispute between Luo Yonghao and Xibei restaurant chain over pre-prepared meals seems to be ending, with Luo advocating for national regulations and transparency. The controversy highlighted the restaurant industry’s increasing reliance on pre-prepared ingredients and consumer concerns about food quality and transparency. A draft of national standards for pre-prepared meals is expected to be released, potentially reshaping regulations and labeling in China. Luo emphasizes consumers’ right to know if restaurants use pre-prepared meals, aligning with a demand for honesty in the food supply chain. The outcome could significantly impact China’s food service industry.

A viral video alleging a customer urinated in a Haidilao hot pot led to public outrage and reputational damage. Two minors were detained. A court ordered them and their parents to apologize and pay approximately $319,000 USD in damages for financial losses, brand damage, cleaning, and legal fees. The *People’s Daily* emphasized responsible behavior. Experts say the ruling stresses corporate liability and reinforces guardian responsibility for minors’ actions, protecting businesses from illegal interference and building a fair business environment. It highlights crisis management, brand protection, and individual accountability in China.

A Chinese court ordered a woman to publicly apologize in two WeChat groups for posting her husband’s ID and making defamatory accusations of financial misconduct. The ruling underscores that online speech is subject to legal accountability, particularly concerning defamation and reputation damage. Chinese law protects individuals from libel, and this case highlights the applicability of this law to digital interactions given WeChat’s widespread use. The case also raises questions about social media platform responsibility in moderating content and preventing online defamation.

TikTok star Khaby Lame, known for his silent comedic reactions, is touring China as part of a cultural exchange initiative. He visited Beijing landmarks and explored Tianjin’s culinary scene, even attempting to make Jianbing Guozi. Lame’s visit aims to foster stronger ties between China and Africa by offering a fresh perspective to his global audience, connecting with locals and highlighting Chinese culture and innovation. With over 259 million followers across platforms, his trip demonstrates the power of relatable content and influencer marketing in China.

A Chinese man, Mr. Fu, has reportedly won the lottery six times in two years, amassing over 10 million yuan. This winning streak has sparked debate about luck, probability, and the appeal of lotteries in China. His success, documented on social media, highlights the gamification of chance and the lure of quick wealth. Concerns arise about responsible gaming, potential problem gambling amplified by online platforms, and the statistical improbability of multiple wins. The case underscores the need for transparency, independent auditing, and balanced regulation of lotteries.