Chinese EV maker Hozon enters bankruptcy proceedings, state media reports
Hozon
New Energy Automobile, the owner of Chinese electric vehicle brand Neta, officially entered bankruptcy proceedings on Thursday, China's state broadcaster CCTV reported on Friday.
Multiple Neta stores in
Shanghai
have been closed, the report said.
According to China's national corporate bankruptcy disclosure platform, a creditor last month filed a bankruptcy petition against the firm.
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Time of India
37 minutes ago
- Time of India
Huawei's AI lab denies that one of its Pangu models copied Alibaba's Qwen
Huawei's artificial intelligence research division has rejected claims that a version of its Pangu Pro large language model has copied elements from an Alibaba model, saying that it was independently developed and trained. The division, called Noah Ark Lab , issued the statement on Saturday, a day after an entity called HonestAGI posted an English-language paper on code-sharing platform Github, saying Huawei's Pangu Pro Moe (Mixture of Experts) model showed "extraordinary correlation" with Alibaba's Qwen 2.5 14B. This suggests that Huawei's model was derived through "upcycling" and was not trained from scratch, the paper said, prompting widespread discussion in AI circles online and in Chinese tech-focused media. The paper added that its findings indicated potential copyright violation, the fabrication of information in technical reports and false claims about Huawei's investment in training the model. Noah Ark Lab said in its statement that the model was "not based on incremental training of other manufacturers' models" and that it had "made key innovations in architecture design and technical features." It is the first large-scale model built entirely on Huawei's Ascend chips , it added. It also said that its development team had strictly adhered to open-source license requirements for any third-party code used, without elaborating which open-source models it took reference from. Alibaba did not immediately respond to a Reuters request for comment. Reuters was unable to contact HonestAGI or learn who is behind the entity. The release of Chinese startup DeepSeek 's open-source model R1 in January this year shocked Silicon Valley with its low cost and sparked intense competition between China's tech giants to offer competitive products. Qwen 2.5-14B was released in May 2024 and is one of Alibaba's small-sized Qwen 2.5 model family which can be deployed on PC and smartphones. While Huawei entered the large language model arena early with its original Pangu release in 2021, it has since been perceived as lagging behind rivals. It open-sourced its Pangu Pro Moe models on Chinese developer platform GitCode in late June, seeking to boost the adoption of its AI tech by providing free access to developers. While Qwen is more consumer-facing and has chatbot services like ChatGPT, Huawei's Pangu models tend to be more used in government as well as the finance and manufacturing sectors.
The Hindu
39 minutes ago
- The Hindu
Huawei's AI lab denies that one of its Pangu models copied Alibaba's Qwen
Huawei's artificial intelligence research division has rejected claims that a version of its Pangu Pro large language model has copied elements from an Alibaba model, saying that it was independently developed and trained. The division, called Noah Ark Lab, issued the statement on Saturday, a day after an entity called HonestAGI posted an English-language paper on code-sharing platform Github, saying Huawei's Pangu Pro Moe (Mixture of Experts) model showed "extraordinary correlation" with Alibaba's Qwen 2.5 14B. This suggests that Huawei's model was derived through "upcycling" and was not trained from scratch, the paper said, prompting widespread discussion in AI circles online and in Chinese tech-focused media. The paper added that its findings indicated potential copyright violation, the fabrication of information in technical reports and false claims about Huawei's investment in training the model. Noah Ark Lab said in its statement that the model was "not based on incremental training of other manufacturers' models" and that it had "made key innovations in architecture design and technical features." It is the first large-scale model built entirely on Huawei's Ascend chips, it added. It also said that its development team had strictly adhered to open-source license requirements for any third-party code used, without elaborating which open-source models it took reference from. Alibaba did not immediately respond to a Reuters request for comment. Reuters was unable to contact HonestAGI or learn who is behind the entity. The release of Chinese startup DeepSeek's open-source model R1 in January this year shocked Silicon Valley with its low cost and sparked intense competition between China's tech giants to offer competitive products. Qwen 2.5-14B was released in May 2024 and is one of Alibaba's small-sized Qwen 2.5 model family which can be deployed on PC and smartphones. While Huawei entered the large language model arena early with its original Pangu release in 2021, it has since been perceived as lagging behind rivals. It open-sourced its Pangu Pro Moe models on Chinese developer platform GitCode in late June, seeking to boost the adoption of its AI tech by providing free access to developers. While Qwen is more consumer-facing and has chatbot services like ChatGPT, Huawei's Pangu models tend to be more used in government as well as the finance and manufacturing sectors.
India Today
an hour ago
- India Today
Where is Xi Jinping amid China's military purge?
Is there a churn in China? That's the question being asked as Chinese President Xi Jinping keeps away from the public eye and skipping the 2025 Rio Summit for the first time in over a decade. There have been only two instances of Xi being seen, that too, in videos released by state media, since June 4. The prolonged absence is raising questions -- is all well within the Chinese Communist Party (CCP)? The questions assume significance against the backdrop of a military purge and reports of aides of former president Hu Jintao gaining influence in the all-powerful is, instead, ceding the spotlight to his No. 2, Premier Li Qiang. Such staying away from state media coverage is unusual for Xi.A video of him interacting with Singaporean PM Lawrence Wong on June 24 was released after a clip of his June 20 meeting with New Zealand PM Christopher Luxon. Before this, he had been absent from any state media coverage since June 4. That was the day when he met Belarusian President Aleksandr Lukashenko in reports say that Xi might be trying to tighten his grip on power as China's military faces a sweeping purge and internal shake-ups. Several top generals and defence officials have been ousted or have "gone missing". This amid reports of Hu's aides gaining influence within the a global leader, consistently covered by state media, suddenly disappears from public view, it draws global has offered "scheduling conflict" as the reason for Xi's absence from the Brics summit. It is unusual as this is a high-stakes multilateral meeting that Beijing sees as important in its bid at counterbalancing US Brics grouping has been a bugbear for US President Donald Trump, who sees China as the biggest rival. Trump on Sunday (US time) threatened an extra 10% tariff on nations backing Brics' "anti-American policies".Is a potential power shift underway in China's top leadership? Is Xi losing his grip? Where is Xi? And why has he stepped away from public view? Is all well in Beijing? This is why these questions have popped up all of a WHEN HAS XI JINPING BEEN MISSING FROM PUBLIC VIEW?July 7 is almost a fortnight since Xi was last seen in marks his third such prolonged period of absence this absences were unexplained, but they coincide with China's military purge, and it comes at a time when the Chinese economy is seemingly strained. Observers have noted subtle shifts in the stance of state media as together, these developments have fuelled speculations about a potential recalibration of power within the Chinese Communist Party (CCP).advertisementReports suggest that Xi's grip on power may be weakening, with figures tied to former President Hu Jintao's era, notably General Zhang Youxia and technocrat Wang Yang, gaining XI JINPING'S MYSTERIOUS ABSENCE MATTERSXi Jinping's long absence from public engagements, state media, and diplomatic events, like the Brics summit, can only be described as "mysterious".For the past 12 years, since Xi came to power in 2013, the Chinese state media has portrayed him as an unassailable Jinping last appeared on the front page of People's Daily after his meeting with Singapore PM Lawrence Wong on June 24, following a rare 22-day absence from the paper since June 2, according to a report in English daily The was a rare break from his near-daily coverage since this period, second-tier leaders, Premier Li Qiang and Vice Premier He Lifeng, handled high-stakes diplomatic meetings, signalling a temporary shift in leadership visibility. Premier Qiang is attending the Brics Xi reappeared in early June for a meeting with Belarus President Alexander Lukashenko, world media noted a subdued demeanour and a significantly reduced security detail, half its usual size. The Belarusian press service also described Xi as appearing "tired, distracted, and generally unwell". Earlier, the Chinese President's commanding presence was easily diplomatic anomalies did not go Chinese state television reportedly briefly omitted Xi's official titles during a broadcast – an unprecedented lapse that was quickly when all developments are combined, they may be interpreted as a sign of internal disarray within the CCP, with Xi appearing ABSENCE COMES AMID CHINESE MILITARY PURGEXi's absence comes at a time when the People's Liberation Army (PLA) has undergone significant early 2023, key figures such as General He Weidong (Vice-Chairman of the Central Military Commission), General Miao Hua (Chief of Political Work), and General Lin Xiangyang (Commander of the Eastern Theater Command) have reportedly been PLA's elite Rocket Force and Western Theatre Command have also seen leadership General Zhang Youxia, First Vice Chairman of the Central Military Commission and a former Xi ally, is seemingly a pivotal figure in the leadership. Reports suggest Zhang is asserting greater control over the PLA, backed by senior CCP figures linked to former President Hu Jintao's control over the military has been a cornerstone of his rule since 2013, when he purged hundreds of officers and installed current wave of dismissals, often attributed to vague "disciplinary violations", suggests either a deliberate effort by Xi to eliminate threats or a loss of control over key reports claim that the "real power lies with General Zhang Youxia," who is supported by Hu's THERE A RESURGENCE OF THE HU JINTAO BLOC?A defining moment in Xi Jinping's absolute authority occurred at the 20th Party Congress in 2022, when former Chinese President Hu Jintao, 82, (in power from 2003 to 2013), was unexpectedly escorted out of the Great Hall of the state media said Hu's exit was due to health issues. But footage suggested otherwise, showing a hesitant Hu reaching for papers, Xi looking away, and no one stepping in to media and observers noted Hu's reluctance to leave. It was interpreted as Xi sidelining the old recent developments suggest a revival of Hu's also suggest that Wang Yang, a reform-minded technocrat, once considered for the Politburo Standing Committee, to be a potential successor to is from the Hu reports also said that Wang is being "groomed as a reform-oriented future leader", representing a pro-market, less confrontational approach rooted in Hu's MAY BE THE IMPLICATIONS OF CHINA'S LEADERSHIP CHANGE?China's domestic challenges compound the political turbulence. Reports peg youth unemployment at over 15%, the real estate sector as stagnant, and national debt soaring past $50 protests and factory unrest are reportedly rising, and foreign investment is dwindling amid trade tensions with the economic factors might be prompting Xi to recalibrate political structures. But at the same time, analysts also suggest that Xi's reduced visibility reflects internal challenges to his China has externalised domestic instability through border CCP's opaque system makes it difficult to discern whether Xi is orchestrating these changes or being all these factors, Xi's unusual absence from public view has sparked questions. And it will only be clear in the weeks ahead if his grip on power is as strong as it was, and if all's well in the CCP.- EndsMust Watch
