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Lazada Thailand CEO Varitha Kiatpinyochai (right) discusses e-commerce trends in Southeast Asia with South China Morning Post technology production editor Matt Haldane at the Hong Kong-Asean Summit 2024 on September 13. Photo: Eugene Lee

Lazada leverages AI, logistics in competition with rivals like Temu

Lazada Thailand CEO Varitha Kiatpinyochai said free returns and chatbots are proving to be important differentiators amid rising e-commerce competition.

Lazada Thailand CEO Varitha Kiatpinyochai said free returns and chatbots are proving to be important differentiators amid rising e-commerce competition

14 Sep 2024 - 9:00AM

Chinese firms in mobility, hardware are big draw for venture funds, report shows

13 Sep 2024 - 8:25PM

Ant International teams up with EPL’s Tottenham Hotspur in global expansion push

12 Sep 2024 - 8:10PM

China’s chip making shows progress with new EUV patent despite US sanctions

The patent from Shanghai Micro Electronics Equipment is still under review, but producing EUV tools in China would break a monopoly held by ASML.

12 Sep 2024 - 6:00PM

Visitors walk past the Shanghai Micro Electronics Equipment (SMEE) booth during Semicon China, a trade fair for the semiconductor industry, on June 29, 2023. Photo: Reuters

OpenAI valuation to reach US$150 billion in latest fundraising round

The US start-up is also in talks to raise US$5 billion in debt from banks in the form of a revolving credit facility, a source says.

12 Sep 2024 - 11:30AM

Shengshu AI says its Sora-like text-to-video tool will bring down production costs

The Beijing-based start-up held an event dedicated to a feature in its Vidu tool that maintains consistency of subjects across clips.

11 Sep 2024 - 8:45PM

Alibaba’s Cainiao launches next-day delivery in Europe, builds new hubs

Cainiao’s latest initiatives reflect Alibaba’s commitment to expand the company’s global footprint, as e-commerce growth slows at home.

11 Sep 2024 - 8:14PM

Cainiao offers local express delivery services in 10 countries and regions outside mainland China. Photo: Shutterstock

China’s technology sector relies heavily on capital from SOEs, government funds

Investment guru Fang Fenglei said the situation could lead to ‘a big problem’ in the industry because it goes against existing Chinese law.

11 Sep 2024 - 6:22PM

Roughly 80 per cent of investments in the country’s tech sector last year came from funds backed by the government and state-owned enterprises, according to investment guru Fang Fenglei. Photo: Shutterstock

Wave to pay: Tencent brings palm scan to tourists in Macau

WeChat Palm Pay lets mainland tourists pay by scanning their hand in shops located in hotels under the Galaxy Entertainment Group.

11 Sep 2024 - 5:00PMvideocam

Jack Ma calls on Alibaba to remain steadfast, ‘believe in the future’

To mark the 25th anniversary of Alibaba’s founding, Ma called on all employees to overcome competitive pressure, despite various challenges.

11 Sep 2024 - 9:05AMvideocam

Huawei-backed Aito EV brand takes aim at Tesla with semi-autonomous SUV

The car shows off Huawei-developed technologies that the company aims to supply to more EV makers in the future, executive says.

10 Sep 2024 - 8:06PM

Richard Yu Chengdong, head of Huawei’s smart vehicle business unit, introduces the Aito M9 SUV in Shenzhen on December 26, 2023. Photo: Weibo

Huawei unveils Mate XT tri-fold handset in face-off with Apple’s iPhone 16

The Mate XT will officially go on sale on September 20, the same day that Apple kicks off its iPhone 16 retail sales on the mainland.

11 Sep 2024 - 1:43PM

Huawei Technologies’ new tri-fold smartphone, the Mate XT, is displayed in a glass case at the company’s flagship store in Beijing on Tuesday. Photo: Reuters

Chinese consumers disappointed about AI delay on new iPhone 16

The Chinese language version of Apple Intelligence will only become available in 2025, with no words on whether it will land on the mainland.

11 Sep 2024 - 9:07AM

Ant Group to hold new round of dividend payments to shareholders

This would mark the third round of dividend payments by Ant Group, following two previous rounds in December and March 2022.

10 Sep 2024 - 8:49PM

Huawei tri-fold smartphone seizes mainland’s interest ahead of iPhone 16 launch

Around 3.04 million people have made online reservations to buy Huawei’s new 5G Mate XT as of Monday afternoon.

9 Sep 2024 - 8:00PM

The large number of Mate XT pre-orders reflects how Huawei appears to be stealing Apple’s thunder ahead of its new iPhone launch event. Photo: Huawei

China’s chip industry becomes key breeding ground for unicorns

As start-up funding dwindles, investments are concentrated in a few unicorns, such as those in the integrated circuit sector.

9 Sep 2024 - 6:30PM

The Chinese semiconductor industry is a leading breeding ground for unicorns in the country, according to a new report. Photo: AFP

China’s AI industry could see US$1.4 trillion in investment in 6 years

CICC chairman Chen Liang told the International China Investment Forum that China’s AI industry still has significant room for growth.

9 Sep 2024 - 5:00PM

Time 100 AI list includes China’s cyberspace chief for censoring GenAI

Time Magazine has included CAC head Zhuang Rongwen and ByteDance CEO Liang Rubo among 30 leaders in AI, along with Baichuan founder Wang Xiaochuan.

8 Sep 2024 - 10:00AM

China’s new AI app stirs dreams of Iron Man’s virtual assistant becoming reality

Fintech giant Ant Group entered Jarvis-like territory when it launched AI app Zhixiaobao, a new smart assistant designed for everyday use.

7 Sep 2024 - 4:51PM

Speculation on how Jarvis, the fictional AI assistant of Iron Man, can be realised in China shows the lofty ambition of mainland developers. Photo: Shutterstock

Lenovo launches new AI-capable PCs powered by Intel, AMD and Qualcomm processors

The latest AI device portfolio from Lenovo reflects efforts by the global PC industry to boost its recovery this year.

6 Sep 2024 - 9:00PM

Artificial intelligence-enabled devices are expected to help raise personal computer shipments and fuel an increase in average selling price. Photo: Lenovo

Will Tesla’s FSD delay give Xpeng the edge in autonomous driving?

The US carmaker is expected to roll out the FSD system on the mainland in the first quarter of 2025, compared with previous expectations of end-2024.

5 Sep 2024 - 9:24PMvideocam

Chinese unicorn Zhipu AI raises new funding from state-backed investor

State-backed investment vehicle Zhongguancun Science City Innovation Development estimates Zhipu AI’s value at around US$2.8 billion.

5 Sep 2024 - 5:00PM

Fintech giant Ant Group launches AI personal assistant app in China

Zhixiaobao, a play on the Chinese name for Alipay, helps users with daily tasks such as ordering meals or hailing taxis through text or voice prompts.

5 Sep 2024 - 3:44PM

Ant Group’s new AI chatbot app is named Zhixiaobao, a play on the Chinese name of Alipay, Zhifubao. Photo: Handout

Opinion | How China plans to become a robotics powerhouse

Gerui Wang

5 Sep 2024 - 10:19AM

Opinion | Why failing to act wisely on AI risks ‘artificial stupidity’

Thomas Tang

30 Aug 2024 - 5:17PM

Opinion | Why Apple’s iPhone is losing its shine in China

George Chen

21 Aug 2024 - 9:43PM

Opinion | Causal AI could give Hong Kong the leap it needs in AI governance tech

Jane Lee

21 Aug 2024 - 12:22PM

Charles Ferguson

Opinion | AI companies must pay attention to national security needs

Charles Ferguson

8 Aug 2024 - 2:17PM

Opinion | Hong Kong can’t afford to lose out on generative AI

George Chen

1 Aug 2024 - 9:30AM

‘Copy cat’ in China helps study diseases

China’s Chang’e 5 lunar mission returns to Earth with moon samples

A computer visualisation of the landed Chang'e spacecraft on December 1.

Robotic arm conducts Covid-19 tests as China fights coronavirus flare-up

China’s superfast maglev train prototype

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