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The Centre for Artificial Intelligence and Robotics says that Huawei chips have proven satisfactory for the lab’s research needs. Photo: Shutterstock

Tech Trends

Huawei’s AI chips fill Nvidia-sized hole in medical research in Hong Kong

An AI research centre under the Chinese Academy of Sciences is using Huawei chips to power its Cares Copilot model that helps with surgery.

54 minutes ago

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

1 hour ago

TikTok rival Kuaishou gets police warning over content moderation

2 hours ago

China Business

New World Development ejected from Hang Seng Index

Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.

1 hour ago

A view of New World Tower in Central on September 26, 2024. Photo: Jelly Tse

Big Tech

Amazon invites Chinese sellers to new bargain marketplace Haul

The US e-commerce giant is aggressively promoting its new budget-shopping platform this holiday season to take on Temu and Shein.

3 hours ago

China Business

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

6 hours ago

Business

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.

22 Nov 2024 - 1:06PM

Chinese Vice-Premier He Lifeng met Citigroup CEO Jane Fraser at the Great Hall of the People in Beijing on Thursday. Photo: Xinhua

China Business

Hong Kong stock sell-off deepens with benchmark capping weekly loss

Baidu’s 8.6 per cent slump makes it the benchmark’s worst performer; Alibaba falls 4.4 per cent.

5 hours ago

A screen displays market data outside the Hong Kong stock exchange. Photo: EPA-EFE

Big Tech

Uber said to eye US$10 million stake in IPO of China’s Pony AI

The ride-hailing giant may consider using Pony AI’s autonomous-driving technology outside the US, a source says.

22 Nov 2024 - 10:03AM

China Business

Unprofitable Chinese EV makers face ‘do-or-die moment’

Only those that can sustain operations without external funding will stay in the race amid overcapacity and tariff woes, analysts say.

22 Nov 2024 - 8:30AMvideocam

Biomedicine

Chinese biotech firms brace for Trump tariffs, US funding bill

Efforts to expand sales of high-value products in China and non-US markets would cushion the blow, analysts say.

22 Nov 2024 - 7:30AM

A robotic surgical system is displayed during the 2024 China Medical Equipment Conference in southwest China’s Chongqing Municipality on March 29, 2024. Photo: Xinhua

Big Tech

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

21 Nov 2024 - 10:39PM

The logo of Chinese online budget shopping app Pinduoduo, pictured next to its mobile app on July 17, 2018. Photo: Reuters

Tech War

China’s Hua Hong Semiconductor to make auto chips for Europe’s STM

The move signifies the importance of the Chinese EV market and the country’s progress in legacy chipmaking.

22 Nov 2024 - 1:21AM

Big Tech

China’s second-richest man blasts Pinduoduo for hurting domestic brands

The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.

21 Nov 2024 - 8:30PM

Big Tech

Baidu’s 3rd-quarter revenue falls 3% as economic woes hit ad spending

The internet search giant pulled in US$4.6 billion in the September quarter, with a decline in online marketing outpacing AI growth.

22 Nov 2024 - 1:01AM

China Business

New World Development focused on debt management before M&A: Cheng

Developer is focused on liability management following a management shake-up in September to steady the ship, chairman Henry Cheng says.

21 Nov 2024 - 7:30PM

A view of the group’s headquarters in New World Tower in Central. Photo: Jelly Tse

Big Tech

Alibaba merges domestic, global e-commerce units amid intensifying competition

The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.

21 Nov 2024 - 8:55PM

Big Tech

Apple’s iPhone sales fall during China’s Singles’ Day shopping festival: report

The event’s two-week sales period saw ‘a double-digit, year-on-year decline’ in iPhone sales amid stiff competition from Chinese rivals.

21 Nov 2024 - 6:00PM

Big Tech

China’s second-richest man demands apology from ByteDance founder

Zhong Shanshan, founder of bottled-drinks giant Nongfu Spring, blames ByteDance’s social media apps for perpetuating online assaults.

21 Nov 2024 - 5:41PM

China’s second-richest man Zhong Shanshan. Photo: sohu.com

China Business

Hong Kong stocks fall after 3 days of gains as traders await catalysts

Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says.

21 Nov 2024 - 4:37PM

An electronic monitor displays the Hang Seng Index. The benchmark has lost 15 per cent since reaching a recent high in October. Photo: Sam Tsang

Big Tech

Alibaba CEO highlights AI advancement at China’s internet forum

The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.

21 Nov 2024 - 6:52PM

Big Tech

Meituan aims to launch meal deliveries by drones in Hong Kong

The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.

21 Nov 2024 - 7:00AM

Blockchain

Shanghai court says crypto ownership legal in China amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

20 Nov 2024 - 11:08PM

Representations of bitcoin seen in this illustration picture taken in Paris on March 9. Photo: Reuters

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