When Golden Sunflower Meets Bauhinia: HONGQI Showcases Oriental Luxury at 2025 International Automotive and Supply Chain Expo(Hong Kong)
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Malay Mail
14 minutes ago
- Malay Mail
TOJOY Shared Holding Group's 8th China Unicorn Carnival Celebrates Milestone Success, Paving the Way for Private Sector Growth
Ge Jun, Co-Chairman of TOJOY Shared Holding Group and the Chairman of the Board and CEO of TOJOY Shared Enterprise Services, highlighted the pivotal role of platform ecosystems in transforming business models. "The future will belong to businesses that either build platforms or leverage them," he said. HONG KONG SAR - Media OutReach Newswire - 21 August 2025 - The 8th China Unicorn Carnival, marking TOJOY Shared Holding Group's 34th anniversary, concluded in Beijing on August 18, bringing together more than 2,000 leaders from business, government, and academia. Under the theme "Private Enterprises' Second Leap," the event explored critical challenges and opportunities for private enterprises, offering innovative strategies for sustainable growth. Beyond being a high-profile gathering of ideas, the event reaffirmed TOJOY's vital role in advancing high-quality development in China's private economy through strategic, actionable his keynote speech, "Private Enterprises' Second Leap in a Changing Era," Ge Jun, Co-Chairman of TOJOY Shared Holding Group and the Chairman of the Board and CEO of TOJOY Shared Enterprise Services, highlighted the pivotal role of platform ecosystems in transforming business models. "The future will belong to businesses that either build platforms or leverage them," he TOJOY's Boss Cloud platform and NVIDIA's CUDA ecosystem as examples, GE Jun outlined the critical role platform-driven ecosystems play in unlocking growth potential. He encouraged private enterprises to explore new consumer markets, especially in the emerging "emotional value" economy, while building new growth drivers by capitalizing on their core strengths. He also highlighted the importance of using platform ecosystems to expand globally and capitalize on opportunities arising from favorable policies. Calling for innovation and collaboration, GE Jun stressed that businesses must harness the synergies of platforms to drive disruptive value and shared Min, Executive President and Secretary-General of the China General Chamber of Commerce, reinforced this message at the opening ceremony, stressing the need for collaboration and innovation to navigate today's challenging economic landscape. He praised TOJOY's platform-driven model for optimizing resource allocation and driving sustainable growth in the private event marked a significant milestone for TOJOY's flagship platform, Boss Cloud, which has now surpassed 6 million registered users. This achievement underscores the platform's growing influence and its ability to aggregate resources, reflecting the broader digitalization and intelligent transformation sweeping through China's private one of China's premier big-data resource platforms for entrepreneurs, Boss Cloud connects businesses across industries, regions, and stages of development. The platform employs advanced AI technology to match companies with opportunities, helping them identify markets, expand resources, build networks, and seize new growth Cloud's strong growth is driven by TOJOY's ongoing investment in AI innovation. Its proprietary Tianxingqiong AI model has reached key milestones, including certification from China's Cyberspace Administration for deep synthesis algorithms and regulatory approval for generative AI services in 2025. These developments enable the platform to deliver smarter, faster, and more accurate solutions to its growing user Cloud's success is closely tied to supportive national policies, such as the implementation of the Private Economy Promotion Law and the Interim Measures for Generative AI Services Management, which provide a favorable environment for compliant AI enterprises like TOJOY. Reflecting on these developments, Ge Jun remarked, "Boss Cloud's 6 million users are living proof of the win-win logic of a shared ecosystem. Moving forward, businesses must align with policy directions and embrace platform ecosystems to seize opportunities in an ever-changing economic landscape."Having witnessed the evolution of private enterprises over its 34-year journey, TOJOY continues to lead the sector's transformation from traditional models to the digital and intelligent age. Looking ahead, the company remains committed to empowering businesses through platform-driven solutions and AI-powered innovations, injecting new momentum into China's economy. With its 6 million users, TOJOY aims to write a new chapter in the growth and transformation of the country's private #TOJOY The issuer is solely responsible for the content of this announcement.
Malay Mail
2 hours ago
- Malay Mail
China's DeepSeek unveils faster AI model with domestic chip support
BEIJING, Aug 21 — Chinese artificial intelligence startup DeepSeek released on Thursday an upgrade to its flagship V3 model that the company says has a feature that can optimise it for Chinese-made chips, along with faster processing speeds. The focus on domestic chip compatibility may signal that DeepSeek's AI models are being positioned to work with China's emerging semiconductor ecosystem as Beijing pushes to replace US technology in the face of Washington's export restrictions. DeepSeek shook the technology world this year when it released AI models that compete with Western ones like OpenAI's ChatGPT while offering lower operational costs. The upgrade to DeepSeek's V3 model follows two other recent updates to its core models — an R1 model update in May and an earlier V3 enhancement in March. For domestic chip support, DeepSeek said in a WeChat post its DeepSeek-V3.1 model's UE8M0 FP8 precision format is optimised for 'soon-to-be-released next-generation domestic chips'. The company did not identify which specific chip models or manufacturers would be supported. FP8, or 8-bit floating point, is a data processing format that allows AI models to operate more efficiently, using less memory while running faster than traditional methods. The DeepSeek-V3.1 features a hybrid inference structure that enables the model to operate in both reasoning and non-reasoning modes, the company said in a WeChat post on Thursday. Users can toggle between these modes using a 'deep thinking' button on the company's official app and web platform, both of which now run the V3.1 version. The company will also adjust the costs for using the model's API, a platform that allows developers of other apps and web products to integrate its AI models, starting September 6, the statement showed. — Reuters
The Sun
5 hours ago
- The Sun
Taiwan plans defence budget increase to over 3% of GDP
TAIPEI: Taiwan's government plans to increase its 2026 defence budget to more than three percent of GDP, the premier said Thursday, as it faces US pressure to invest more in its own protection. Taipei has ramped up investment in military equipment and weapons over the past decade in response to intensifying pressure from China, which claims the democratic island as part of its territory and has threatened to seize it by force. Premier Cho Jung-tai said the latest hike was 'another concrete demonstration to the world and the people of Taiwan of our resolve and ability to safeguard national sovereignty and security'. The proposed spending needs to be approved by the opposition-controlled parliament before it can take effect. Taiwan's cabinet has allocated NT$949.5 billion (US$31.1 billion), or 3.32 percent of GDP, for defence spending next year, the government's budget documents show. 'Our total defence budget is calculated using NATO's model and standards, including the budget for... the coast guard,' Cho told reporters. Cho gave the figure 3.23 percent during the news conference but the cabinet later confirmed to AFP that 3.32 percent is the correct number. Cho said overall expenditure for 2026 was budgeted at just over NT$3 trillion -- up NT$110 billion or around 3.8 percent from 2025. President Lai Ching-te has previously vowed to increase defence spending to more than three percent of GDP as Washington pressured the island and other governments around the world to spend more on their own security. The announcement comes as Taipei seeks to strike an agreement with US President Donald Trump's administration for a lower tariff on Taiwanese shipments to the United States. Earlier this month, Trump imposed a temporary 20 percent tariff on Taiwan's imports as part of his global trade war. The two sides are still trying to reach an agreement. The China-friendly Kuomintang party which controls the island's legislature with the help of the Taiwan People's Party, slashed the Lai government's 2025 budget. It had planned to increase defence spending to a record NT$647 billion, or around 2.5 percent of GDP. However, some items were cut or frozen. The KMT has defended the reductions, saying the party was seeking to stop wasteful spending. Trump has previously suggested Taiwan should pay the United States for its protection and accused the island of stealing the US semiconductor industry. While Taiwan has a homegrown defence industry and has been upgrading its equipment, it would be outgunned in a conflict with China and relies heavily on US arms sales to bolster its security capabilities.
