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Asia Tech

Asia Tech
Asia's newest big ideas in the world of technology.
last updated:
9 September, 2024
Outside a SenseTime office in Shanghai. Photo: Reuters
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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Technology

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

Technology

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

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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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Illustration: Craig Stephens
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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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.

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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.

Exchange Square in Central. Photo: SCMP/Yik Yeung-man
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.

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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Agnos Health CEO Paphonwit Chaiwatanodom (left) at Bangkok Hospital in Thailand assisting with smart online registration for patients. Photo: Agnos Health
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.

Grant Chum, CEO of Sands China, and former England football captain David Beckham speak at the Macau expo on May 23. Photo: Mia Castagnone
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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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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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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Kwai is a Chinese mobile video sharing app developed by Beijing-based Kuaishou for global users. Photo: Shutterstock
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.

More enterprises are now using data centres to host or manage computing infrastructure for their artificial intelligence projects. Photo: Shutterstock
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.

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.

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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.

Daranee Saeju, assistant governor of the Payment Systems Policy and Financial Consumer Protection Group at the Bank of Thailand, at Money20/20 Asia in Bangkok April 23, 2024. Photo: Matt Haldane
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.

Malaysia

Malaysia is awash with profitable start-ups, so why aren’t investors interested?

Despite having a wealth of innovative start-ups, Malaysia can’t seem to attract the same amounts of venture capital funding as its regional rivals. But all that could change.

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Banking & finance

Hong Kong SMEs eager to adopt AI, robotics and other technologies: HSBC survey

SMEs’ understanding of and readiness to employ new tech lags behind their belief that it will confer benefits, survey finds.

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People cross a street in Hong Kong’s Kwun Tong commercial district on September 19, 2023. Photo: Elson Li
Start-ups

Southeast Asia’s digital economy is driving private capital interest

Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.

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Southeast Asia is seeing growing interest from investors, with Singapore as the biggest regional beneficiary from US-China tensions. Photo: Shutterstock
Banking & finance

Asia’s SMEs, education and technology sectors in private credit’s cross hairs

Asia’s small and medium sized-enterprises and sectors like technology and education have a widening funding gap, and private credit players are seeing lending opportunities here.

Special Report - Jewellery

Rise of the machines: how robots are changing the way jewellery is made

A shortage in manpower and rising costs are leading to the widespread adoption of automation in the jewellery manufacturing sector, with top maisons now using robots for diamond cutting and polishing

China trade

China-South Korea trade downturn seen persisting amid US tensions

Analysts expect South Korea’s trade deficit with China to persist as Beijing reduces its dependence on foreign chips.

Analysts expect South Korea’s trade deficit with China to persist as Beijing reduces its dependence on foreign chips. Photo: EPA-EFE
China technology

China’s running away with strategic industries as US, G7 suffer rapid declines

China was the world’s leading producer in seven of the 10 industries in 2020 covered by an Information Technology & Innovation Foundation (ITIF) report released on Wednesday.

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China was the world’s leading producer in computers and electronics; chemicals; machinery and equipment; motor vehicles; basic metals; fabricated metals; and electrical equipment, accoridng to the Information Technology & Innovation Foundation (ITIF) report. Photo: Xinhua
Alibaba

Mainland China, Hong Kong firms to gain as AI drives customer experience: report

Generative AI can support innovation, content creation, product development, marketing and services, Euromonitor says, citing Chinese travel platform Trip.com as one company that has scored direct benefits from implementing AI.

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US-China relations

Chinese President Xi’s welcome mat may not be enough for US investors

Structural tensions continue to cloud the Sino-US economic relationship as companies look to diversify supply chains to other Asian countries.

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