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China Business
Chinese EV makers’ global plans hit bumps amid Beijing’s warning, failed deals
After officials warned against investments in EU countries that favoured recent tariffs, EV makers may need to rethink their strategies.
43 minutes ago
Germany’s BioNTech buys Biotheus in US$800 million push into cancer drugs
2 hours ago
AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia
2 hours ago
Tech Trends
OpenAI wants US to team up with allies to beat China in AI race
The ChatGPT maker says the US and its neighbours should collaborate in AI and expand their partnership to include Middle East nations.
3 hours ago
4
OpenAI is urging the US to partner with allies on AI to take on China. Photo: AP
China Business
Why Chinese solar producers are not worried about Trump tariffs
Chinese firms to prepare for worst-case scenario of Trump slapping tariffs on shipments from their bases in Southeast Asia.
6 hours ago
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Big Tech
Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong
The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.
13 Nov 2024 - 10:43PM
Semiconductors
World’s largest foundry extends dominance in lithography systems
AnandTech and The Register indicate that TSMC’s share of global EUV systems has grown from 50 per cent to 56 per cent between 2020 and 2023.
13 Nov 2024 - 7:17PM
China Business
BYD shrugs off Europe EV tariffs to deliver Sealion 07 SUV from 2025
Chinese EV makers are pushing sales in export markets amid stiff competition, sluggish economy at home.
13 Nov 2024 - 6:20PM
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China-built electric vehicles, including those by BYD, are seen parked in the port of Zeebrugge in Belgium in October 2024. Photo: Reuters
Big Tech
Tencent beats estimates with 47% profit jump, driven by video gaming
Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.
13 Nov 2024 - 9:51PM
7
Tech War
TikTok hires hundreds of Chinese workers in US despite scrutiny
More than 60 per cent of the over 1,000 approved H-1B hires for TikTok and ByteDance last financial year were from China.
13 Nov 2024 - 11:03AM
Tech War
China’s tech firms fear bigger curbs as TSMC stops AI chip supply
A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.
12 Nov 2024 - 9:29PM
Big Tech
Hong Kong enterprise AI adoption sees upswing on strong government policy
Enterprises in Hong Kong are looking to explore AI solutions that not only enhance their capabilities, but also meet regulatory requirements.
13 Nov 2024 - 8:31PM
Computer maker Dell is seeing increased inquiries in Hong Kong to implement artificial intelligence in various enterprises. Photo: Shutterstock
Blockchain
FTX sues Binance and former CEO ‘CZ’ for US$1.8 billion
The lawsuit relates to Binance’s sale of its stake in FTX, the rival exchange founded by the now-imprisoned Sam Bankman-Fried.
12 Nov 2024 - 11:00AM
China EVs
Trump’s return dims outlook for Chinese EV makers amid tariff threats
Chinese EV makers can opt to set up a base in the US, take the tariff blows or find new markets elsewhere, according to Pareto Economics.
12 Nov 2024 - 3:20PM
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11
Business
Lui Che-woo, property and casino magnate of K. Wah and Galaxy, dies at 95
Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.
13 Nov 2024 - 10:47AM
Arts & Culture
Mark Rothko painting goes for 30% less than in 2015 in Hong Kong sale
Untitled (Yellow and Blue) by Mark Rothko, once owned by fugitive Malaysian financier Jho Low, fetches US$33 million at Sotheby’s auction.
12 Nov 2024 - 10:37AM
Mark Rothko’s 1954 painting Untitled (Yellow and Blue) is displayed at Sotheby’s Maison in Hong Kong ahead of its auction on November 11, 2024. Photo: Sotheby’s
Tech Trends
China’s ‘AI Tiger’ Zhipu in race to boost video-generation features
The updated version of Ying will be able to generate 10-seconds long 4K high-definition video clips at 60 frames per second, Zhipu says.
11 Nov 2024 - 6:00PM
Tech War
China’s AI chip unicorn Moore Threads moves closer to possible IPO
The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.
11 Nov 2024 - 5:00PM
Tech War
China’s chip industry braces for another 4 years under Trump
Chinese semiconductor firms are ramping up purchases of foreign chipmaking equipment and looking to forge new alliances.
11 Nov 2024 - 10:33AM
Tech Trends
The fight for AI talent heats up in China
The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.
11 Nov 2024 - 9:00AM
Demand for AI talent continues to surge in China. Photo: AFP
Big Tech
ByteDance adds video generator to China’s most popular AI app
The move underscores the TikTok owner’s ambitions to solidify Doubao’s leading position.
11 Nov 2024 - 7:30AM
China Business
US farmers sign big deals at CIIE expo, easing concerns about scale of trade war
‘Agricultural products are an important part of bilateral trade between China and the US,’ AmCham Shanghai says.
11 Nov 2024 - 10:58AM
China Business
From Ikea to Muji, foreign brands still bet big on Chinese consumers
Lifestyle-product retailers are investing in new stores in China, as richer consumers continue to splurge on quality imports.
10 Nov 2024 - 3:42PM
OPINION
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
G.A. Donovan
Opinion
|
Why China’s EV start-ups can now breathe a little easier
4 Oct 2024 - 8:30PM
Christopher Tang
,
Kenneth Tang
The View
|
How Hong Kong can lead the way on sustainable textiles
4 Oct 2024 - 4:30PM
Xuyang Dong
,
Tim Buckley
Opinion
|
Why China’s clean tech glut is a net global positive
22 Sep 2024 - 8:30PM
Dennis Lee
Opinion
|
How Hong Kong can help its SMEs make a difference
22 Sep 2024 - 6:02AM
Andrew Sheng
Opinion
|
For the best AI outcomes, good policy is key
25 Sep 2024 - 3:36PM
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