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Caixin Global
Caixin Global

Business Brief (July 29): China Backs AI Token Business Innovation

The National Data Administration encouraged innovation in token-based business models for AI and the exploration of new trading models such as token trading.

Chipmaker CXMT is set to be included in the MSCI China All Shares Index.

ByteDance’s Volcano Engine launched its Doubao search service.

The Hong Kong government and the Ministry of Industry and Information Technology signed a cooperation agreement to jointly build a manufacturing innovation center.

Zhejiang Leapmotor set up a precision manufacturing company, whose business scope includes the research and development of intelligent robots.

Eleven government departments issued guidelines aiming to ensure that by 2030, residents are no more than 15 minutes away from a medical facility offering traditional Chinese medicine.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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