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People look at a car made by Chinese EV company Nio in a showroom in Berlin on August 17, 2023. Photo: Reuters

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.

AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia

OpenAI wants US to team up with allies to beat China in AI race

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Tech Trends

ByteDance’s Doubao is China’s top AI bot with 51 million active users

Its popularity has been enabled by ByteDance’s deep pockets, strong product team, and a design philosophy that brings the human touch to AI.

The ByteDance logo is seen at the company’s office in Shanghai, China, July 4, 2023. Photo: Reuters
The ByteDance logo is seen at the company’s office in Shanghai, China, July 4, 2023. Photo: Reuters

Tech Trends

Founder of Alibaba-backed AI firm named chairman at Chinese carmaker Lifan

In July, Megvii signed a deal with Geely and a local tech hub to develop internet-connected intelligent cars and AI projects in Chongqing.

Big Tech

Baidu boasts strong AI user growth alongside launch of first smart glasses

At Baidu World 2024, where it announced the new Xiaodu AI Glasses, CEO Robin Li said the Ernie model now sees 1.5 billion API calls per day.

Big Tech

Alibaba arms merchants with AI assistant to streamline cross-border sourcing

The Accio AI assistant is based on decades of accumulated knowledge in B2B fulfilment, logistics, after-sales support and product listings.

The Alibaba.com booth at the 136th China Import and Export Fair in Guangzhou, Oct. 15, 2024. Photo: Xinhua

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.

Computer maker Dell is seeing increased inquiries in Hong Kong to implement artificial intelligence in various enterprises. Photo: Shutterstock
Computer maker Dell is seeing increased inquiries in Hong Kong to implement artificial intelligence in various enterprises. Photo: Shutterstock

Blockchain

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

The largest token has jumped about 30 per cent since the US election, as traders weigh whether there is still room to chase.

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.

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.

Moore Threads is one of China’s top GPU designers. Photo: Handout

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
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.

Tech Trends

What China is doing to make ports ‘smart’ and not prone to work stoppages

A unit of state-owned China Merchants Group is pushing a range of automation and digital technologies to make ports smarter.

Big Tech

US chip restrictions are hindering AI ambitions of China’s top chip foundry

SMIC co-CEO Zhao Haijun said the foundry can still benefit from rising demand for less advanced ‘legacy chips’ required for some AI products.

videocam
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SMIC’s facility in Pudong district of Shanghai on March 15. Photo: AFP

Big Tech

Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

Ant International’s new AI model for cross-border transactions is expected to strengthen global trade and commerce. Photo: Shutterstock
Ant International’s new AI model for cross-border transactions is expected to strengthen global trade and commerce. Photo: Shutterstock

Tech War

China’s top chip foundry SMIC posts record revenue despite US sanction warning

The Shanghai-based chipmaker reported a 34 per cent year-on-year increase in third-quarter revenue to US$2.17 billion.

9

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.

Big Tech

South Korea’s Samsung and SK Hynix push latest memory products at CIIE

The two firms’ high-profile exhibition reflects the vast demand for memory products in China, the world’s second-largest economy.

Samsung Electronics has one of the biggest booths at the exhibition area of the China International Import Expo in Shanghai. Photo: Handout

Big Tech

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

Sellers in Jakarta, Indonesia, conduct a live-streamed sales session on TikTok. Photo: AFP
Sellers in Jakarta, Indonesia, conduct a live-streamed sales session on TikTok. Photo: AFP

Companies

Chinese pharmaceutical companies look abroad for growth markets

Shanghai Henlius struck a deal in Saudi Arabia while XtalPi signed a partnership with Sinar Mas Multiartha in Indonesia.

China Business

EU tariffs will not stop Chinese EVs from entering bloc: officials at CIIE

China EV makers believe their advantages in production and price will make their products competitive abroad.

Tech Trends

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So
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