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Shenzhen is China’s second-largest R&D hub by expenditure. Photo: Costfoto/NurPhoto via Getty Images

Big Tech

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

Trump’s crypto pledge may see China restore digital-asset market: HashKey head

Tech War

China’s chip industry braces for another 4 years under Trump

Chinese semiconductor firms are ramping up purchases of foreign chipmaking equipment and looking to forge new alliances.

China’s chip industry is making plans to deal with Donald Trump’s second US presidency. Photo: Reuters
China’s chip industry is making plans to deal with Donald Trump’s second US presidency. Photo: Reuters

Policy

Chipmaker TSMC says US investment plan unchanged after Trump win

TSMC is poised to receive its final award from the Chips and Science Act, a Biden initiative that Trump has described as ‘so bad’.

Blockchain

US set to ease crypto regulatory crackdown under Trump

President Donald Trump has previously pledged to fire the SEC chairman on the first day of his second administration.

Tech War

From chip war to TikTok ban: what tech can expect from Donald Trump

As Donald Trump returns to the White House, tech companies are bracing for a revamp of tech policies imposed by Joe Biden.

Tech giants are bracing for the return of Donald Trump to the White House. Photo: EPA-EFE

China Business

EU tariffs will not stop Chinese EVs from entering bloc: officials at CIIE

China EV makers believe their advantages in production and price will make their products competitive abroad.

A Ford Bronco pickup at the CIIE in Shanghai. Photo: Daniel Ren
A Ford Bronco pickup at the CIIE in Shanghai. Photo: Daniel Ren

Policy

Dell opens AI centre in Shenzhen as PC maker shows commitment to China

Dell’s new AI Smart Solutions Centre comes one year after reports that it would be reducing its reliance on China.

Blockchain

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

Big Tech

Flying cars, drones to take off in Shenzhen with US$1.7 billion investment

Shenzhen is spending 12 billion yuan on the low-altitude economy over the next two years, with another 20 billion yuan planned through 2030.

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The Xpeng X2 flying car pictured in Guangzhou on May 15. Chinese cities are pouring resources into supporting the low-altitude economy. Photo: Xinhua

Blockchain

Bitcoin hits record price after Trump takes early lead in US election

The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.

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

Big Tech

Apple to face first fine under new EU digital antitrust rules

The penalty, under the Digital Markets Act, is related to the iPhone maker’s App Store.

Policy

US tech firms warn Vietnam’s planned law to hamper social media, data centres

The draft law, being discussed in Vietnam’s parliament, aims to tighten information-protection rules and limit data transfers abroad.

Policy

Indonesia bans Google’s Pixel smartphones after blocking Apple’s iPhone 16

Sales of those smartphones were blocked for not meeting Indonesia’s rules requiring the use of locally manufactured components.

Google’s new Pixel 9 smartphone series. Photo: Reuters

Blockchain

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane
Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane

Policy

China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

Tech Trends

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.

Blockchain

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

Hong Kong FinTech Week 2024 kicked off on Monday with an emphasis on artificial intelligence and tokenisation. Photo: Matt Haldane

Economy

Global Impact | US-China tech takes a turn as TSMC chips found in Huawei’s AI processors

In this week’s issue of the Global Impact newsletter, we take an in-depth look at the latest in China’s chip development.

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An employee produces semiconductor chips at a microelectronics enterprise in Hai’an, Jiangsu province. Photo: VCG via Getty Images
An employee produces semiconductor chips at a microelectronics enterprise in Hai’an, Jiangsu province. Photo: VCG via Getty Images

Tech War

TSMC tech in Huawei’s AI chips raises questions about ‘porous’ supply chain

It remains unknown how TSMC dies found their way into Huawei’s Ascend 910B, but analysts say it shows the limits of Washington’s sanctions.

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Tech Trends

The scientist on a mission to nurture AI talent in Hong Kong

Ma Yi explains why Hong Kong is an ideal place to attract global talent and how he is using the new role at the University of Hong Kong to promote academic exchange.

China Economy

Olive branch from Beijing to private firms: more access to national projects

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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Researchers work in a laboratory at Ocean University of China in Qingdao, Shandong province, this month. Photo: Xinhua
OPINION
David Ketchum,Scott Cheng

Opinion | AI can help power the ‘Study in Hong Kong’ brand

David Ketchum
Scott Cheng
Ian Bremmer

Opinion | AI compact proves there’s hope for multilateralism yet

Ian Bremmer
Carme Artigas,James Manyika

Opinion | To unlock AI’s potential for good, we all need to work together

Carme Artigas
James Manyika
Xuyang Dong,Tim Buckley

Opinion | Why China’s clean tech glut is a net global positive

Xuyang Dong
Tim Buckley
Andrew Sheng

Opinion | For the best AI outcomes, good policy is key

Andrew Sheng
Gilad Abiri,Sebastian Guidi

Opinion | Tech firms must play by the rules to keep the internet open

Gilad Abiri
Sebastian Guidi
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