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Made in China 2025

US-China trade war

A view from inside the Apple Store at the IFC Mall in Shanghai’s Lujiazui financial district. Photo: Shutterstock

Apple forms Shanghai data-processing venture as AI push in China still in limbo

The Shanghai unit of Apple will focus on software development, big data services, storage services and data processing.

10 Jan 2025 - 9:00PM

US trade office removes Tencent’s WeChat from counterfeit sellers list

9 Jan 2025 - 3:54PM

Meta studying EU impact of end to fact checking: French minister

9 Jan 2025 - 10:14AM

Apple’s pricey iPhones ineligible under China’s new subsidy scheme

China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.

8 Jan 2025 - 9:00PM

China’s new subsidy scheme puts Apple and other foreign premium smartphone vendors at a disadvantage against domestic rivals. Photo: Shutterstock

Artificial intelligence

China’s tech giants vow to fix algorithm issues amid crackdown

ByteDance’s Douyin, PDD’s Pinduoduo, and Xiaohongshu have promised to address issues related to the misuse of algorithms.

4 Jan 2025 - 3:00PM

Exclusive | US may unveil new rules on China’s access to AI chips before Biden leaves office

The changes aim to control global shipments of powerful GPUs essential for training AI models by closing existing regulatory loopholes.

4 Jan 2025 - 4:32AM

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Mexico unveils new tariffs that may put Shein, Temu in the crosshairs

Goods that enter Mexico from countries that do not have an international treaty with Mexico will be subject to a duty of 19 per cent.

1 Jan 2025 - 11:33AM

The Temu logo is seen in this illustration picture taken November 4, 2024. Photo: Reuters

China’s new forex rules require banks to tighten scrutiny on crypto trades

The State Administration of Foreign Exchange wants banks to monitor and report risky trades, including those involving cryptocurrencies.

31 Dec 2024 - 9:00AM

Artificial intelligence

ByteDance leads China’s Big Tech sector in capex with US$11 billion for 2024

ByteDance, which generates strong cash flow from Douyin, the Chinese version of TikTok, is expected to double its capital spending in 2025.

30 Dec 2024 - 9:00PM

Artificial intelligence

China’s tech push: Shanghai aims to be global medical AI hub by 2027

Despite US export curbs on advanced chips, China’s financial powerhouse is betting big on medical AI.

27 Dec 2024 - 4:30PM

Shanghai aims to transform itself into a global medical AI hub by 2027. Photo: Reuters

Artificial intelligence

Shanghai firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’

Fortera Capital, a private-equity firm under the Shanghai State-owned Capital Investment Co, led Stepfun’s recent series B funding round.

26 Dec 2024 - 7:30PM

Artificial intelligence start-up Stepfun raised a hefty, undisclosed amount in its latest funding round. Photo: Handout

China’s industrial robot sales shrink on ‘tightening demand’

Total industrial robot deliveries this year are estimated to reach 300,000 units, down 5 per cent from 2023.

23 Dec 2024 - 6:30PM

China’s tax authority to demand online influencer, merchant revenue numbers

A newly proposed regulation would require internet platform operators to report revenue information about users.

23 Dec 2024 - 4:15PMvideocam

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

A view of Shenzhen’s Qianhai area, a major part of the China (Guangdong) Pilot Free Trade Zone, on August 25, 2020. Photo: VCG via Getty Images

Banking & finance

HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector

Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.

19 Dec 2024 - 8:06PM

Technical trials og GenAI applicaitons are expected to begin early next year.Photo: Xinhua

Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

18 Dec 2024 - 8:56PM

Fund of ByteDance’s billionaire founder gets Hong Kong asset management licence

The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.

18 Dec 2024 - 8:00PMvideocam

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Ireland fines Facebook owner Meta €251 million for data breach

The tech giant infringed EU’s General Data Protection Regulation, according to the country’s data watchdog.

18 Dec 2024 - 10:07AM

Meta Platforms’ Irish arm has been fined by the country’s data watchdog. Photo: Reuters

China’s top EV maker BYD kicks off robotics recruitment drive for young talent

The Shenzhen-based carmaker is increasing its investment in humanoid robots amid a flurry of investment from local governments.

18 Dec 2024 - 7:00AM

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

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

A display of semiconductor technology is seen at the SEMICON China trade fair in Shanghai, March 17, 2021. Photo: Reuters

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