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Made in China 2025

US-China trade war

Elon Musk is accused by the SEC of delaying the disclosure of his Twitter stake. Photo: Reuters

Elon Musk sued by US SEC over delayed Twitter stake disclosure

The SEC said Musk bought more than US$500 million of Twitter shares at artificially low prices at the expense of unsuspecting investors.

2 hours ago

Huawei to offer AI support to Chinese aviation, steel conglomerate Fangda

13 Jan 2025 - 5:30PM

Apple forms Shanghai data-processing venture as AI push in China still in limbo

10 Jan 2025 - 9:00PM

US trade office removes Tencent’s WeChat from counterfeit sellers list

WeChat was among six online Chinese platforms and nine bricks-and-mortar sellers added to the counterfeit goods list in 2022.

9 Jan 2025 - 3:54PM

The WeChat logo is displayed on a smartphone screen in this arranged photograph. Photo: Shutterstock

Meta studying EU impact of end to fact checking: French minister

The EU’s Digital Services Act requires major platforms to carry out a risk analysis before launching any new service in Europe.

9 Jan 2025 - 10:14AM

Apple’s pricey iPhones ineligible under China’s new subsidy scheme

China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.

8 Jan 2025 - 9:00PM

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Artificial intelligence

China’s tech giants vow to fix algorithm issues amid crackdown

ByteDance’s Douyin, PDD’s Pinduoduo, and Xiaohongshu have promised to address issues related to the misuse of algorithms.

4 Jan 2025 - 3:00PM

ByteDance’s Douyin app is shown on a smartphone. Photo: Xinhua

Exclusive | US may unveil new rules on China’s access to AI chips before Biden leaves office

The changes aim to control global shipments of powerful GPUs essential for training AI models by closing existing regulatory loopholes.

4 Jan 2025 - 4:32AM

Mexico unveils new tariffs that may put Shein, Temu in the crosshairs

Goods that enter Mexico from countries that do not have an international treaty with Mexico will be subject to a duty of 19 per cent.

1 Jan 2025 - 11:33AM

China’s new forex rules require banks to tighten scrutiny on crypto trades

The State Administration of Foreign Exchange wants banks to monitor and report risky trades, including those involving cryptocurrencies.

31 Dec 2024 - 9:00AM

China’s foreign exchange regulator has tightened scrutiny on commercial activities involving bitcoin and other cryptocurrencies. Photo: Shutterstock

Artificial intelligence

ByteDance leads China’s Big Tech sector in capex with US$11 billion for 2024

ByteDance, which generates strong cash flow from Douyin, the Chinese version of TikTok, is expected to double its capital spending in 2025.

13 Jan 2025 - 2:14PM

The ByteDance logo is seen at the company’s office in Shanghai, China, July 4, 2023. Photo: Reuters

Artificial intelligence

China’s tech push: Shanghai aims to be global medical AI hub by 2027

Despite US export curbs on advanced chips, China’s financial powerhouse is betting big on medical AI.

27 Dec 2024 - 4:30PM

Artificial intelligence

Shanghai firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’

Fortera Capital, a private-equity firm under the Shanghai State-owned Capital Investment Co, led Stepfun’s recent series B funding round.

26 Dec 2024 - 7:30PM

China’s industrial robot sales shrink on ‘tightening demand’

Total industrial robot deliveries this year are estimated to reach 300,000 units, down 5 per cent from 2023.

23 Dec 2024 - 6:30PM

China had 470 robots per 10,000 employees in 2023, up from 402 units a year earlier. Photo: Shutterstock

China’s tax authority to demand online influencer, merchant revenue numbers

A newly proposed regulation would require internet platform operators to report revenue information about users.

23 Dec 2024 - 4:15PMvideocam

Live streamer Viya Huang Wei sells goods on Taobao in 2019. The Chinese influencer was fined US$210 million in 2021 for tax evasion. Photo: Getty Images

Artificial intelligence

Shenzhen showers AI companies, workers with cash to boost local industry

Municipal government issues a slew of new policies including tens of millions of dollars in subsidies to promote AI development.

20 Dec 2024 - 7:00AM

Banking & finance

HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector

Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.

19 Dec 2024 - 8:06PM

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Digital currencies

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

18 Dec 2024 - 8:56PM

People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP

Fund of ByteDance’s billionaire founder gets Hong Kong asset management licence

The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.

18 Dec 2024 - 8:00PMvideocam

Ireland fines Facebook owner Meta €251 million for data breach

The tech giant infringed EU’s General Data Protection Regulation, according to the country’s data watchdog.

18 Dec 2024 - 10:07AM

China’s top EV maker BYD kicks off robotics recruitment drive for young talent

The Shenzhen-based carmaker is increasing its investment in humanoid robots amid a flurry of investment from local governments.

18 Dec 2024 - 7:00AM

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