“Thai and Chinese official on Wednesday signed an agreement for a 50.6 billion baht ($1.62 billion) segment of a high-speed rail line, part of Beijing’s Belt and Road cross-border infrastructure initiative.”
Read the full article @ Nikkei Asia (paywall):
“The U.S. and China are battling for global supremacy in artificial intelligence. Amid the pandemic, China may have taken the lead.
“Data is what drives A.I., and China has more data than anyone else,” Kai-Fu Lee, CEO of Chinese venture capital firm Sinovation Ventures and author of AI Superpowers: China, Silicon Valley, and the New World Order, said at the Fortune Global Forum on Tuesday.”
Read the full article @ Fortune (paywall):
“China’s Alibaba plans to acquire a stake of up to 9.99% in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.
“Alibaba Group and Dufry AG (Dufry) have agreed to enter into a collaboration to jointly explore and invest in opportunities in China to develop the travel retail business and to enhance Dufry’s digital transformation,” Dufry said in a statement.
The Swiss firm has reeled under the hit of COVID-19 and plans to ask shareholders on Oct. 6 to fund a buyout of its Hudson Ltd unit via a new rights issue.”
Read the full article @ Reuters:
