Innovation

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China innovators

Hong Kong innovators

WeRide’s CEO said there was a ‘high probability’ that it would conduct an initial public offering, but did not elaborate further. Photo: Shutterstock Images

Autonomous vehicles

Tech

China’s WeRide to expand autonomous driving services in Guangzhou

WeRide’s ambitious goal is emblematic of China’s larger drive to make roads and vehicles smarter and interconnected, to increase transport efficiency in the world’s largest automobile market.

3 Feb 2021 - 11:06PMvideocam

Hong Kong healthcare and hospitals

Size of China’s health care market draws global telemedicine firms

2 Feb 2021 - 9:05AMvideocam

Kuaishou sets record as retail traders overbought its IPO 1,200 times

29 Jan 2021 - 11:00PM

Innovation

Facial recognition

Chinese people are concerned about use of facial recognition, survey shows

Almost 90 per cent respondents say they do not want facial recognition in commercial areas while over half say they feel forced to use the technology, Beijing News survey shows.

27 Jan 2021 - 2:15AMvideocam

A teacher uses a machine which employs both fingerprint and facial recognition technology to check the identification of a student before a simulated college entrance exam in Handan in China‘s northern Hebei province on June 6, 2017. Photo: STR/AFP via Getty

Tech

Huawei sharpens health care focus of its wearable devices

The latest effort by Huawei continues the company’s push into new growth areas amid its struggles with US trade sanctions.

25 Jan 2021 - 11:35PM

Science

China technology

Beijing sets sights on building ‘trillion yuan’ hi-tech manufacturing clusters

City wants to attract more global talent by offering better work conditions, and opening up its research facilities, according to new five-year plan.

21 Jan 2021 - 9:44PM

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Companies

Electric & new energy vehicles

NIO has rivals as China’s EV and battery makers eye 1,000km range target

The distance would extend the top-end of Tesla’s Model Y Long Range version by two-thirds, if the solid-state batteries live up to expectations. That would be a game changer in China, the world’s biggest electric car market.

26 Jan 2021 - 3:31PM

A view of the electric car assembly at Xpeng’s factory in the Guangdong provincial city of Zhaoqing on November 19, 2020. Photo: Iris Ouyang

Policy

China technology

China made more chips in 2020, but also imported more

Semiconductors, industrial robots and new energy vehicles saw double-digit growth in 2020, according to the National Bureau of Statistics, but analysts say China remains far from its goal of technological self-sufficiency.

19 Jan 2021 - 9:00PM

Banking & Finance

US-China relations

Hong Kong could lead China financial integration, digital yuan use

Attempts by Donald Trump to decouple the world’s two largest economies had cemented China’s resolve to integration financially with other countries. This presented an opportunity for Hong Kong, said Julia Leung of the SFC.

19 Jan 2021 - 7:00PMvideocam

Innovation

TSMC gears up for mass production of 3-nm chips for high-end devices

Taiwan contract chip maker TSMC will begin ‘risk production’ of its 3-nanometre process this year, a technology advance that will deliver higher performance and longer battery life for 5G smartphones and other high-end electronics products.

19 May 2021 - 11:11AM

Big Tech

Why China is investing heavily in blockchain

Last year was a big year for blockchain projects in China after President Xi Jinping called for further development of the technology at the end of 2019, but the country continues to shun cryptocurrencies like bitcoin.

18 Jan 2021 - 9:00PMvideocam

China is racing ahead to develop its own internet for blockchain and new blockchain solutions after a call from President Xi Jinping to invest in the technology. Unlike 5G and artificial intelligence, though, the US has shown little interest. Illustration: SCMP

Banking & Finance

Banking & finance

Video-sharing app Kuaishou cleared for Hong Kong IPO up to US$6 billion

Kuaishou Tech will kick off its blockbuster IPO next week, as the loss-making company targets a listing in early February.

15 Jan 2021 - 10:38AM

Policy

US, EU should unite to block PLA access to latest chip tech, says report

Report highlights concerns in the west that foreign semiconductor technology transfers could be used by Beijing to improve military systems amid ongoing territorial disputes with neighbours.

15 Jan 2021 - 8:00AM

Policy

China technology

China to allow driverless car tests on highways

MIIT says it is allowing driverless testing on highways because there is strong demand and the technology is improving.

14 Jan 2021 - 5:14PM

This photo taken on July 22, 2020 shows a driver (L) in a Didi Chuxing autonomous taxi preparing for a pilot test drive on the streets in Shanghai. Photo: AFP

Science

China technology

Is this Chinese prototype the shape of maglev train tech to come?

Researchers at a university in southwestern China say their approach could mean superfast, cheap travel.

14 Jan 2021 - 10:37AMvideocam

People inspect a prototype magnetic levitation train developed with high-temperature superconducting maglev technology in Chengdu, Sichuan province, on Wednesday. Photo: AFP

Markets & Investing

Chinese AI giant seeks IPO at home after Trump blacklist thwarts Hong Kong plan

Facial-recognition developer Megvii abandoned its original Hong Kong IPO plan after the Trump administration placed it on a trade blacklist; it is now looking to list on Shanghai’s Star Market.

13 Jan 2021 - 10:52PM

Tech

Intel’s self-driving car unit plans to step up use of its own radar tech

Mobileye wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025, in a bid to lower the cost of autonomous driving.

13 Jan 2021 - 9:52AM

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China Business

Spotlight will be on Chinese e-commerce after listing of Bilibili, Kuaishou

As China’s world-beating video-sharing apps take the stage, their impending stock offerings in Hong Kong will raise the curtain on the nation’s innovative and fast-paced e-commerce industry.

12 Jan 2021 - 9:24AMvideocam

Retailer Song Huiyan live-streams modelling her dresses to clients from her shop in Beijing. Photo: AP

Companies

Electric & new energy vehicles

Tesla faces a new foe as Baidu enters the fray for electric cars

The search engine giant is teaming up with carmaker Geely to design and make smart electric vehicles, joining a crowded field of partnerships racing to challenge the dominance of Tesla.

8 Jan 2021 - 9:54PMvideocam

Innovation

Quantum computing

China Telecom launches quantum encrypted phone calls for smartphones

With a special SIM card and app, some China Telecom smartphone users in Anhui province can make phone calls protected by quantum encryption, which could tip people off to potential eavesdroppers.

7 Jan 2021 - 9:50AM

Companies

China’s Xpeng unfazed by popularity of Tesla’s cut-price Model Y

Xpeng’s CEO dismisses concerns that steep discounts to Tesla’s SUV may increase its appeal in mainland China and eat into market share of local electric vehicle makers.

26 Jan 2021 - 3:41PMvideocam

Tesla has announced steep discounts on its Model Y. Photo: Handout

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