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Xiaomi CEO Lei Jun in Beijing. Photo: AFP

China Business

Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

YU7 starts at around US$35,322; Xiaomi CEO says ‘we have set an unreasonable goal of beating the Model Y’.

Decoding the future of China’s C919 jet in a shifting aviation landscape

ASML launches science project in China to discover new talent in lithography

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Big Tech

Xiaomi enters ‘smart glasses war’ with first AI-powered eyewear

The tech giant announced its camera-equipped frames during an event on Thursday, leveraging its vast ecosystem in a crowded market.

People walk past a Xiaomi store in downtown Beijing on September 8, 2021. Photo: Simon Song
People walk past a Xiaomi store in downtown Beijing on September 8, 2021. Photo: Simon Song

Banking & Finance

Hong Kong makes public stablecoin adoption a top priority in digital asset push

The government is calling for new proposals to test stablecoin applications and make tax concessions for digital asset holdings.

Tech

Alibaba touts world’s first AI model to detect stomach cancer

The system, following a similar innovation for pancreatic cancer, could change the screening approach globally, researchers say.

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Tech Trends

OpenAI: Zhipu AI is fuelling China’s global push for US tech alternatives

The Beijing-based start-up is racing to secure clients in Southeast Asia, the Middle East, and Africa, the ChatGPT maker says.

A Zhipu AI booth during the World Artificial Intelligence Conference in Shanghai. Photo: Handout
A Zhipu AI booth during the World Artificial Intelligence Conference in Shanghai. Photo: Handout

Big Tech

Nvidia climbs to record high to become world’s largest stock again

With Wednesday’s gain, Nvidia overtakes Microsoft as the world’s largest stock.

Tech

Tencent-owned Supercell to launch titles like Clash Royale as WeChat mini games

The video game Brawl Stars is already available within WeChat, while Clash Royale will exclusively launch on the messaging app in September.

China Business

CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

CATL chief manufacturing officer Ni Jun says EV discount war will not end if Beijing authorities remain on the sidelines.

CATL’s Ni Jun. Photo: World Economic Forum

Tech War

China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Government investment is expected to account for US$56 billion, while China’s major internet firms are projected to contribute US$24 billion.

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China’s increased capital spending on artificial intelligence reflects the heightened enthusiasm for the technology on the mainland. Photo: Shutterstock
China’s increased capital spending on artificial intelligence reflects the heightened enthusiasm for the technology on the mainland. Photo: Shutterstock

Big Tech

JD.com hires full-time food delivery riders to challenge Meituan, Alibaba

Recruitment drive suggests that company urgently needs to strengthen its courier workforce to fight resourceful rivals.

Tech Trends

Anthropic wins ruling on use of copyrighted books to train AI

A US judge rules that training AI on copyrighted books is fair use, but the downloading of pirated books is not.

China Economy

How China’s manufacturing hub spins a new yarn to become a tech powerhouse

Start-ups rise fast where traditional manufacturing once ruled – powering Beijing’s innovation and self-reliance push.

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Illustration: Davies C. Surya

Tech Trends

iFlytek unveils medical AI, smart classroom tech in Hong Kong amid global push

Hong Kong would be a launch pad for the company’s global expansion in the future, founder and chairman Liu Qingfeng said on Tuesday.

A smartphone displays the iFlytek logo in front of the company’s web page. Photo: Shutterstock Images
A smartphone displays the iFlytek logo in front of the company’s web page. Photo: Shutterstock Images

Big Tech

Apple joins China’s subsidy scheme to lift sales amid heated local competition

Consumers in Beijing and Shanghai can avail themselves of discounts of up to US$278 on select models of Apple devices, including the iPhone.

Tech War

Huawei, SMIC struggle to advance chips to 5-nm level, MateBook shows: report

Huawei’s newly released MateBook Fold laptop runs on another 7-nm Kirin chip made by SMIC, as the Mate 60 Pro smartphone did two years ago.

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Big Tech

Tech war takes a new turn as Huawei pushes 5G smartphones with mystery chip

Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.

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Illustration: Davies Christian Surya
Illustration: Davies Christian Surya

Big Tech

ChatGPT sparks investment frenzy and soul searching in China

While China had declared AI strategically important as early as 2018, ChatGPT has shattered illusions about the country’s technological prowess.

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Policy

China’s e-CNY blues: major test bed shows sluggish adoption

More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic.

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Tech

Can Huawei’s 5G-powered Tianjin Port redefine its enterprise business?

Tianjin Port is the latest technological showpiece of Huawei Technologies, as the world’s largest provider of phone network equipment reinvents itself after nearly four years of crushing US sanctions.

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illustration by Lau Ka-kuen
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech Trends

OpenAI: Zhipu AI is fuelling China’s global push for US tech alternatives

A Zhipu AI booth during the World Artificial Intelligence Conference in Shanghai. Photo: Handout

Big Tech

Xiaomi enters ‘smart glasses war’ with first AI-powered eyewear

People walk past a Xiaomi store in downtown Beijing on September 8, 2021. Photo: Simon Song

Tech

Alibaba touts world’s first AI model to detect stomach cancer

The AI system analyses images from CT scans. Photo: Shutterstock

China Economy

Will China lead the next wave of AI, robotics evolution? Unitree CEO thinks so

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Wang Xingxing, CEO of robotics start-up Unitree, speaks during a “Summer Davos” panel. Photo: Handout

China Economy

China’s top lawmakers review first report on new tech-driven growth model

A machinist debugs humanoid robots at Zhongguancun International Innovation Center in Beijing, China. Photo: Xinhua
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