China’s lab-grown diamonds are emerging as a surprising beneficiary of the artificial intelligence boom, with demand climbing while they gain traction as a key component in advanced chipmaking.
It’s been a source of intrigue and confusion among currency traders for years. Just how does China decide each day where it’s going to set its fixing rate for the yuan — a reference point that determines its permitted trading range for the next session?
The People's Bank of China (PBOC) headquarters in Beijing, China, on Wednesday, June 18, 2025. PBOC Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.
Vast, a 3D-modeling startup founded by a 29-year-old gamer, raised nearly $200 million to become the latest Chinese AI outfit to achieve a valuation of $1 billion.
China’s MiniMax Group Inc. has begun preparations for a domestic listing, according to a regulatory filing, as the fast‑growing artificial intelligence startup challenges local rivals including DeepSeek.
The logo for MiniMax Group Inc. Photographer: Raul Ariano/Bloomberg
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