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But Durov said Beijing's action was not a move against Telegram but a move against Apple itself. Rather than taking issues with the Chinese regulators, Durov focused much of his post on criticising the iPhone maker, taking aim at Apple's app policies.
Chinese fast fashion retailer Shein is plotting to scrap a blockbuster $90bn (£71bn) float in New York and come to London instead in a much-needed boost for the City, according to reports.
China has approved more than 40 artificial intelligence (AI) models for public use in the first six months since authorities began the approval process, as the country strives to catch up to the U.S. in AI development, according to Chinese media. Chinese regulators granted approvals to a total of 14 large language models (LLM) for public use last week, Chinese state-backed Securities Times reported. It marks the fourth batch of approvals China has granted, which counts Xiaomi Corp, 4Paradigm and 01.AI among the recipients.
(Bloomberg) -- China’s biggest ride-hailing company, Didi Global Inc., aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering in New York in 2021, according to people familiar with the matter.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerScalise Ends House Speaker Bid, Deepening Republican TurmoilIsrael Latest: Hamas Leade
As the economy struggles, Beijing has also launched its first purchasing program targeting shares in top banks.