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The office of TikTok in Culver City, California. Photo: Reuters

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.

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

Hong Kong enterprise AI adoption sees upswing on strong government policy

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.

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters
Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

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.

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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.

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.

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.

Zhipu AI is one of China’s top generative AI start-ups. Photo: Handout
Zhipu AI is one of China’s top generative AI start-ups. Photo: Handout

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.

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.

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.

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.

ByteDance is introducing a video-generation feature in its Doubao chatbot. Photo: Shutterstock Images
ByteDance is introducing a video-generation feature in its Doubao chatbot. Photo: Shutterstock Images

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.

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.

China EVs

EV review: BYD’s Dolphin is the ideal city car for zipping around town

The German news agency Deutsche Presse-Agentur said in August 2023 that the Dolphin was ‘a real threat to the German car industry’.

BYD’s Dolphin electric car on display at the 44th Bangkok International Motor Show on March 23, 2023. Photo: Reuters

Business

China’s embattled property developers see sales surge in October

A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.

Residential buildings under construction by Chinese real estate developer Vanke in Hangzhou. Photo: AFP
Residential buildings under construction by Chinese real estate developer Vanke in Hangzhou. Photo: AFP

Tech War

Global businesses bet on China’s market despite US trade tensions

On the sidelines of Shanghai’s CIIE trade fair, foreign companies brush away fears of a new US-China trade war after Trump’s victory.

Tech War

TSMC halts advanced chip orders from mainland China, source says

TSMC has told mainland Chinese clients it will no longer produce advanced chips for them, according to person briefed on the notice.

13

Banking & Finance

HSBC job losses to begin in weeks amid lender’s sweeping overhaul

The head of HSBC Holdings’ new global wholesale banking unit said the lender aims to wrap up its restructuring ‘very quickly’.

People pass an HSBC branch in Mong Kok on October 22, 2024. Photo: Nora Tam

Policy

Chipmaker TSMC says US investment plan unchanged after Trump win

TSMC is poised to receive its final award from the Chips and Science Act, a Biden initiative that Trump has described as ‘so bad’.

TSMC says its US investment plan remains unchanged after the presidential election. Photo: AP
TSMC says its US investment plan remains unchanged after the presidential election. Photo: AP

China Business

Shanghai drives flying-car development for sightseeing, logistics, surveillance

Low-altitude economy refers to businesses operating aerial vehicles below 3,000 metres.

Markets

Investors go ‘all in’ on Chinese shares linked to Tesla after Trump’s victory

Investors boost supplier stocks on expectations of Tesla growth based on CEO Elon Musk’s close ties to the president-elect.

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Big Tech

Urgency of AI development at Meituan underscored as co-founder returns

After selling his AI start-up Light Year to Meituan last year, Wang has reportedly returned to lead the company’s AI efforts.

Meituan co-founder Wang Huiwen. Photo: Handout
OPINION
Perry Wong,Yeen Chong

Opinion | China pushes ahead on its long march to become a global tech leader

Perry Wong
Yeen Chong
G.A. Donovan

Opinion | Why China’s EV start-ups can now breathe a little easier

G.A. Donovan
Christopher Tang,Kenneth Tang

The View | How Hong Kong can lead the way on sustainable textiles

Christopher Tang
Kenneth Tang
Xuyang Dong,Tim Buckley

Opinion | Why China’s clean tech glut is a net global positive

Xuyang Dong
Tim Buckley
Dennis Lee

Opinion | How Hong Kong can help its SMEs make a difference

Dennis Lee
Andrew Sheng

Opinion | For the best AI outcomes, good policy is key

Andrew Sheng
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