China’s new state data giant to power AI push

China has launched a new state-owned company to manage its vast data resources, a move aimed at accelerating the country’s artificial intelligence industry and strengthening the digital economy. The company, National Data Group Co, is based in Xiongan New Area in northern Hebei province — a region China promotes as its “city of the future.” Its main tasks are to develop and use data resources, unlock the value of data as an economic asset, support AI development, and build a data industry.