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Artificial intelligence
Big Tech
China catches up fast in AI race, but US chip curbs cast shadow
Abundant investment and an open-source approach have pushed China to the AI forefront, but a lack of advanced chips may prove devastating.
28 Dec 2024 - 10:00AM
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Retailing
‘Old money’ look beats nouveau riche glitz in China’s spending slump
27 Dec 2024 - 7:30AM
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Huawei
Huawei’s latest phones still rely on South Korean memory chips
26 Dec 2024 - 11:49AM
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China Economy
China deflation
Diamonds are plunging in value around the world. Is China to blame?
China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.
22 Dec 2024 - 6:37PM
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A 56.23-carat pink diamond. Photo: Handout
Tech Trends
Artificial intelligence
The ‘AI Olympics’ gets new hurdles in Canada as US-China tech war plays out
Chinese researchers and companies such as ByteDance made up a greater share of the 37-year-old AI conference this year, but some could not secure visas.
21 Dec 2024 - 12:00PM
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Tech Trends
Artificial intelligence
China faces AI talent shortage in otherwise booming industry, report finds
A quarter of ‘new economy’ job openings this year on the Maimai platform have been directly related to AI, as Big Tech firms fight for top talent.
21 Dec 2024 - 9:00AM
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China Business
Stocks
Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge
The Beijing-based ‘old shop’ jeweller’s unique luxury strategy draws comparisons with Cartier and Tiffany.
20 Dec 2024 - 11:35AM
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Beijing-based Laopu Gold’s shares have surged in Hong Kong this year. Photo: SCMP Pictures
Big Tech
Artificial intelligence
Shenzhen showers AI companies, workers with cash to boost local industry
Municipal government issues a slew of new policies including tens of millions of dollars in subsidies to promote AI development.
20 Dec 2024 - 7:00AM
Big Tech
Apple
Apple in talks with Tencent, ByteDance to launch AI in China, report says
The iPhone maker is reportedly in early talks with the tech giants to launch Apple Intelligence on the mainland after talks stalled with Baidu.
19 Dec 2024 - 8:00PM
Tech Trends
Artificial intelligence
China’s GenAI sector sees more funding, fewer deals in sign of consolidation
Total funding amounted to 35 billion yuan this year, compared with 20.5 billion yuan last year, meaning investors are being more selective.
18 Dec 2024 - 9:00PM
Big Tech
E-commerce
China’s food delivery platforms force riders to take breaks after long hours
Meituan and Ele.me are using ‘fatigue management’ systems in several cities, halting orders after 12-hour days, as work climbs in slowing economy.
18 Dec 2024 - 5:30PM
Food delivery couriers for Ele.me (left) and Meituan cross paths in Beijing on September 01, 2023. Photo: Simon Song
Big Tech
Artificial intelligence
Chinese start-up Zhipu AI adds US$412 million to war chest in crowded market
Zhipu said it doubled its revenue year on year in the 11 months to November, without providing an exact figure.
17 Dec 2024 - 7:00PM
Big Tech
Semiconductors
China’s chip output slows in November while stockpiles climb
IC output growth for the year through November was up 23 per cent, while imports were up 14.8 per cent amid an intensifying US-China chip war.
17 Dec 2024 - 8:00AM
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Tech Trends
Semiconductors
China’s chip industry reports sharp drop in funding amid ongoing tech war
In the first 11 months of 2024, China’s semiconductor industry recorded 677 investment deals, a decline of 35.9 per cent year on year.
16 Dec 2024 - 8:00PM
Big Tech
Tencent
WeChat targets AI deepfake celebrity scams in latest crackdown
WeChat said it deleted 532 examples of AI-generated deepfake content and shut 209 accounts that used the technology in marketing videos.
16 Dec 2024 - 5:30PM
The WeChat logo is displayed on a smartphone screen. Photo: Shutterstock Images
Big Tech
Social media
China’s Instagram-like Xiaohongshu closer to IPO as profits surge, sources say
With popularity booming in recent years and recent profitability, the company has selected underwriters for a planned public listing.
15 Dec 2024 - 12:08PM
Big Tech
E-commerce
Beijing puts e-commerce sector’s ‘refund-only’ policy and PDD under scrutiny
The State Administration for Market Regulation and the Ministry of Commerce have directed Pinduoduo owner PDD to fix this practice.
12 Dec 2024 - 11:10PM
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Policy
Yuan
China urged to anchor yuan to non-US dollar currencies to empower domestic tools
China Finance 40 Forum think tank suggests temporarily anchoring the yuan to a basket of currencies, particularly the euro.
12 Dec 2024 - 12:00PM
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A bank employee count yuan notes next to US dollar notes. Photo: Reuters
Big Tech
Semiconductors
Nvidia faces US$1 billion fine if China probe finds violation of antitrust laws
The investigation into Nvidia’s previously-approved Mellanox acquisition marks the first time that China’s market regulator has opened the books on a closed deal.
10 Dec 2024 - 8:00PM
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Tech Trends
Semiconductors
Chinese chip tool maker hands reins to state-owned firm after US sanctions
Empyrean Technology is handing control of its board to its largest shareholder, a state-owned enterprise, after Washington blacklisted the software maker.
10 Dec 2024 - 7:00PM
Big Tech
Artificial intelligence
Moonshot AI founder’s dispute with 5 investors up for arbitration in Hong Kong
The five firms that invested in Moonshot AI founder Yang Zhilin’s last venture, Recurrent AI, claim he has ‘uncleared liability’.
10 Dec 2024 - 9:00AM
OPINION
Nicholas Spiro
Macroscope
|
The most important part of China’s fiscal stimulus? Expectation management
7 Nov 2024 - 9:23PM
Nicholas Spiro
The View
|
China’s property prospects aren’t all doom and gloom
4 Nov 2024 - 5:20PM
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
Anthony Cheung
Opinion
|
There’s hope for China’s economy, as long as planners can ‘let go’
13 Oct 2024 - 9:30AM
Winston Mok
The View
|
China should make its economy work for its youth
8 Oct 2024 - 7:30PM
Anthony W.D. Anastasi
The View
|
China’s latest stimulus measures still don’t go far enough
1 Oct 2024 - 4:30PM
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