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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

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.

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Hong Kong healthcare and hospitals

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

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IPO

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

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.

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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
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
Huawei

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.

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.

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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.

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
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
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.

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.

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Semiconductors

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.

A motor cyclist rides past the logo of TSMC in Hsinchu, Taiwan, 15 May 2020. Photo: EPA-EFE
Blockchain

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.

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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
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

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.

Semiconductors

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.

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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.

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
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.

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

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.

Intel

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.

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IPO

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.

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

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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.

Tesla

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.

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

Explainer | What is China’s home-grown C919 aeroplane, and why is it important?

China’s government formed the Commercial Aircraft Corporation of China (Comac) in 2008 to design and construct the single-aisle C919 to reduce reliance on Europe’s Airbus and the United States’ Boeing.

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The C919 is a narrow-body jet being built by the Commercial Aircraft Corporation of China (Comac), a state-owned company based in Shanghai. Photo: Reuters
The C919 is a narrow-body jet being built by the Commercial Aircraft Corporation of China (Comac), a state-owned company based in Shanghai. Photo: Reuters
Shenzhen

Shenzhen’s hi-tech goals for 2025 defy US hostility and slowing growth

China’s southern tech hub of Shenzhen aims for 40 per cent growth over five years, with the goal of becoming an international hub of innovation, despite challenges from the US for local tech giants.

Hong Kong property

Hong Kong takes a baby step towards making home sales paperless

New World Development, one of Hong Kong’s largest developers, in October moved several steps of its sales process online: registration and balloting, viewing, contract drafting and mortgage application.

Cryptocurrency

Cryptocurrency exchange Coinbase to suspend XRP trading

The move comes after US regulators last week charged XRP’s creator Ripple with conducting a US$1.3 billion unregistered securities offering.

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Meanwhile, bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above US$28,000 at the weekend. Photo: Getty Images
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