ICBC Launches 80 Billion Yuan Fund for Tech Innovation

ICBC Launches 80 Billion Yuan Fund for Tech Innovation

IntroductionThe Industrial and Commercial Bank of China (ICBC), the world’s largest commercial bank by assets, has launched an 80 billion yuan fund to accelerate technology innovation. The initiative is designed to support strategic sectors including artificial intelligence, semiconductors, green energy, and advanced manufacturing.

China AI Capital Expenditure to Reach 600-700 Billion Yuan in 2025

China AI Capital Expenditure to Reach 600-700 Billion Yuan in 2025

IntroductionChina’s artificial intelligence industry is set for a record year in 2025, with capital expenditure projected to reach between 600 and 700 billion yuan. The figure highlights the country’s determination to scale up its AI infrastructure, spanning data centers, semiconductors, cloud platforms, and