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Artificial intelligence pioneer Andrew Ng launched a new AI company Landing.ai on Thursday.

Apple's purchase of Intel's smartphone modem patents and other technology could bolster its attempt to build its own line 5G chips and lessen its dependence on Qualcomm. The Cupertino, California, has hammered out a licensing agreement with Qualcomm that carries through April 2025, with an option to extend for an additional two years after that.

As Changyong Rhee, director of the IMF's Asia and Pacific Department put it, China is expected to account for more than 30 percent of global growth this year.

As China leads the world in internet of things development and adoption, companies here encounter greater motivation to adapt and stay competitive in a market characterized by particularly high-paced advancement, according to a report from the global consultancy firm PwC.

As China's largest supplier of medical raw materials, Sinopec has decided to set up a total of 10 meltblown non-woven fabric production lines to fill the demand gap.