Search results for yuan
Finance
KB Kookmin Bank enables QR payments in China without local app, offers 100 percent exchange rate preference
KB Kookmin Bank has launched a service on its KB Star Banking app that lets users make QR payments at merchants in China without installing a local payment app or registering additional personal information. The bank said it introduced an overseas payment service linked to NUCC, marking the first direct connection by a South Korean financial company to China’s national payment network. It also applies a 100 percent exchange rate preference and is running a promotional event through Dec. 21.
Crypto
Bitcoin holds $80,000 as stablecoin payments spread
Over the past week, the global crypto market’s key theme was resilience. Bitcoin held $80,000 despite a CPI shock, while XRP defended $1.30 even as public interest faded. Investors are watching U.S. PMI data and the Oct. 27-28 FOMC, as well as Ripple’s Swell event. Stablecoins and tokenisation are spreading into mainstream payment rails. In South Korea, tax deferral bills and a forthcoming digital assets framework are emerging variables.
AI & Enterprise
GPT-5.6 SOL tops AI online mall test after a year, study finds
Some AI models increased initial assets more than 14-fold in a test that put them in charge of running a virtual online shopping mall for 365 days, while others went bankrupt after failing to manage cash flow, a study found. Researchers provided 18 models with 100,000 yuan each and had them handle tasks from pricing to returns and funding. OpenAI\'s GPT-5.6 SOL ranked first by final assets.
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AI & Enterprise
China\'s StepFun launches agent-based STEPX Neo smartphone, redesigns OS from scratch
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Mobility
China\'s September auto sales see EV share hit 67% as ICE sales plunge 49%
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Crypto
China seeks forfeiture of crypto worth about $5 billion in investment fraud case
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Crypto
UK High Court applies Chinese law to ownership of seized 61,000 bitcoins
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Telecommunications & Media
iPhone Duo vs Xiaomi 18 Fold in foldable showdown as screens look similar but strengths differ
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Industry
China\'s CXMT advances next-generation DRAM design, sending global memory stocks lower
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Telecommunications & Media
Alibaba starts selling Qwen Glasses N1 in China with translation and payment features
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Mobility
BYD unveils Da Han large electric sedan with up to 1,008 km range
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Industry
AITO, Chinese EV brand, formalises Europe entry in fall 2027
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Industry
FAW Toyota denies rumours of price collapse and China exit
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AI & Enterprise
DeepSeek weighs up to 100 billion yuan fundraising, double initial target
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AI & Enterprise
Chinese-made humanoid robot appears at parliament audit; Bae says physical AI core is software
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Crypto
China P2P stablecoin wallets surge 43-fold despite crypto crackdown
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Mobility
Tesla overhauls Model 3 in China with 16-inch screen and V2L not offered in U.S.
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Mobility
Beijing tightens drone rules to ban ownership as well as flights