Tencent enabled direct EUR settlement for WeChat Pay merchants in five EU markets this week, removing the previous USD intermediation step.
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China's release of its first commercial space standard system on April 24 hands its banking sector a regulatory backbone it was missing — converting what began as ad hoc satellite credit monitoring into a codified, scalable industry practice.
China's AI sector completed a visible circuit this week: DeepSeek V4 became the default model for a global open-source agent framework, Xiaomi's 3nm chip crossed one million shipments, and Beijing blocked Meta's Manus acquisition—three moves that, read together, signal a deliberate transition from…
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