The founder of Beijing-based artificial intelligence (AI)-based image recognition firm DeepGlint has stepped down as general manager, as the company grapples with widening losses this year amid fresh competition from generative AI firms. Zhao Yong is stepping back from day-to-day operations but retains his role as chairman, according to a corporate filing from the Shanghai-listed … Read more
Four current and former senior executives of China’s state-owned enterprises in sectors including finance and energy have been placed under investigation for alleged corruption. They are Zuo Zuqing, deputy director of the state-run China National Nuclear Corp’s capital operational centre; Chen Xiaopeng, former party secretary and director of the China Securities Regulatory Commission’s Shenzhen branch; … Read more
In a regulatory filing on Friday, Zuojiang Technology said that its shares will cease trading in the Shenzhen bourse on July 26. This comes after the company was not able to present a clean audit report for its 2023 financial results, which prompted the Shenzhen Stock Exchange to move for its delisting. The delisting notice … Read more
However, he added, “if the market gets out of control and experiences huge irrational shake-ups, liquidity runs, investor panic, a major investment confidence breakdown … [the commission] should make resolute moves to fix dysfunction.” The conference, held with other high-level officials on Wednesday, took place on the sidelines of the “two sessions”, the annual meetings … Read more
Veteran Yonyou executive Chen Qiangbin, 48, takes over as company president, with a focus on operations and management, according to the company. After joining Yonyou in 2000, Chen was involved in software development, sales and then served as general manager at the firm’s branch offices in Beijing, northern Hebei province and southwestern Sichuan province. Yonyou … Read more
