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Asia Tech

Asia Tech
Asia's newest big ideas in the world of technology.
Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Banking & finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

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Hong Kong science and tech

Round table: what can women in STEM do to lead change?

Alibaba

Video | How Alibaba.com is betting on AI to transform e-commerce

Japan

Video | Ageing Japan turns to AI robots to care for the elderly

The country is turning to robots and AI as it faces a severe shortage of care workers.

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Photo: SCMP Composite/Reuters
Technology

Opinion | Rather than resist AI art, Asia is embracing its future

While protests rage from New York to London, artists from China and Japan to India and Singapore are using AI to better their craft.

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Electric & new energy vehicles

Xiaomi’s ‘Ultra’ luxury EV hits China market at US$73,000

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

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China jobs

Are China’s AI advancements a double-edged sword hanging over job prospects?

With China’s youth-unemployment rate an ever-present threat for young jobseekers, now many may have to adapt to an environment awash with AI automation.

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China’s workforce is bracing for the impact of artificial intelligence. Photo: Simon Song
India

My Take | How Asian workers can play their tech cards right amid US visa uncertainty

Asian nations including India must take steps to empower workforces to take advantage of talent shortages in US firms.

Asean

Opinion | From Trump to tech titans, geopolitical traps await Southeast Asia

The US-China tech war and politicisation of tech firms are narrowing options for wary regional players.

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China technology

SenseTime to spin off healthcare platform to capitalise on advanced LLMs

SenseTime says rapid advancements in large language models are transforming artificial intelligence in the medical field.

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Outside a SenseTime office in Shanghai. Photo: Reuters
Technology

South Koreans develop Iron Man-inspired wearable robot to help paraplegics walk

WalkON Suit F1 is designed to enable users to walk, climb stairs, and manoeuvre obstacles.

Kim Seung-hwan, who is himself a paraplegic and part of the KAIST team, demonstrates the prototype. Photo: Reuters
Technology

Opinion | From TikTok to Apple, companies must tread carefully amid digital nationalism

Restrictive policies could hinder innovation, limit consumer choice and fragment the global digital economy.

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US-China trade war

Opinion | How Asia can strengthen its trade, manufacturing as Trump returns

Staying ahead will require diversifying in hi-tech sectors, boosting workforce resilience and advancing sustainable supply chains.

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Electric & new energy vehicles

Xpeng to rival BYD, Li Auto in hybrid car market amid shift in consumer demand

Company unveiled Kunpeng, a new charging system for hybrid cars, touted as the longest range extender system in the industry.

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Xpeng unveils its plan for the extended-range hybrid market during its corporate AI Day in Guangzhou on November 5. Photo: Xpeng
IPO

JD Industrials files a second IPO attempt in Hong Kong amid boom

The company submitted its second IPO application after a first attempt failed last year due to tepid market conditions.

A screen displayed the Hang Seng Index in Central. Photo: SCMP/Sam Tsang
IPO

Will Qiniu’s third IPO attempt in Hong Kong succeed after Midea’s triumph?

Qiniu, a Chinese cloud service provider backed by Alibaba, is making a third attempt at a Hong Kong initial public offering.

Banking & finance

Chinese banks could improve their bottom lines with AI adoption, experts say

AI could lift Chinese banks’ fee-based income to as much as 40 per cent from 30 per cent currently, Asian Banker founder Emmanuel Daniel says.

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Banking & finance

Hong Kong unicorn sees Middle East as growth market for autonomous vehicles

CiDi, which makes autonomous vehicles for use in mining and construction, is in talks to set up a long-term presence in Saudi Arabia as the kingdom invests heavily in infrastructure, executives say.

Cidi’s products include driverless vehicles for mining, quarrying, tunneling and construction excavation.
Thailand

Can AI help stop Thailand’s free healthcare system from overworking its doctors?

Doctors are working overtime to ease the caseload as a result of people taking advantage of free healthcare services in Thailand, industry players say.

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Banking & finance

Chinese venture capital firms bet on South Asia as geopolitics dim US-China ties

Chinese venture capital firms are looking for opportunities in South and Southeast Asia as geopolitical tensions between China and the US dim prospects in the west, according to some big funds.

Technology

The View | South-south cooperation can ensure better digital future for millions

Cooperation among the Global South has enabled developing economies to help each other through knowledge and technology transfers. Using this approach to address the digital infrastructure gap and build a highly skilled workforce can keep emerging countries from falling further behind.

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A Thai technician sets up robots designed for healthcare and service businesses at CT Asia Robotics in Bangkok on July 24, 2023. Across Asia, demand for digital infrastructure will only intensify in sectors ranging from generative AI to e-healthcare. But soft infrastructure gaps will also need to be addressed to help workers thrive in a digitised economy. Photo: EPA-EFE
Artificial intelligence

Asia-Pacific’s advanced economies lag less developed peers in AI take-up: Deloitte

Developing economies in Asia-Pacific are putting generative AI to use at a greater pace and with more enthusiasm than their more advanced neighbours, according to a study by Deloitte.

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‘GenAI is being increasingly used to translate text or speech, helping to break down language barriers and connect people and businesses across the globe,’ the report said. Photo: Shutterstock
Banking & finance

Exclusive | Kuaishou to replicate China business model in MENA, Brazil growth plans, CFO says

The short video and live streaming platform operator aims to replicate its strategy in overseas markets, focusing on big opportunities in the Middle East, North Africa, Brazil and Southeast Asia, CEO Jin Bing says

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Artificial intelligence

AI boom fuels demand for data centre deals in Asia-Pacific this year

Data centre deals in the Asia-Pacific this year are expected to surpass the region’s record tally of US$3.45 billion in 2023.

Banking & finance

China’s emerging markets ties are huge opportunity for B2B payments space: Ebanx

The Brazilian financial technology company is banking on demand for payment digitisation in the business-to-business space in China and increased adoption of digital payments in India.

Visitors check the booth of EBANX during Money 20/20 in Las Vegas, the United States, October 2023. Photo: Ebanx
Banking & finance

US-based Episode Six is banking on Hong Kong demand for virtual payments, SME lending

Episode Six, or E6, a global provider of payment processing and digital ledger infrastructure for banks and financial institutions, plans to expand its footprint in Hong Kong this year.

Hong Kong want to see more innovative working capital solutions being deployed for SMEs, and E6 will answer this call by launching a new product for the sector in the second half of 2024. Photo: Dickson Lee
Blockchain

Blockchain’s US woes no problem for Money20/20 Asia, where excitement is high

Blockchain made up about 15 per cent of the talks at Money20/20 Asia this year, just slightly below the proportion of talks on AI, as interest remains high in Asia.

China technology

TSMC reports biggest jump in sales since 2022 on AI chip demand

The main chip maker to Nvidia and Apple reported a 16 per cent jump in sales in the quarter to March 31, beating market consensus.

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