The ASML logo seen at the company’s headquarters in Veldhoven, Netherlands. Photo: Reuters

China projects its chip frustration onto ASML’s relocation plan

As the chip equipment giant threatens to expand outside the Netherlands, Chinese social media users are quick to point their finger at US-led export curbs.

17 Mar 2024 - 9:00AM

Selfie app Meitu finds its footing with AI after a raft of failed bets

The Chinese company, which tripled its profits in 2023, ailed the success of its new-found focus on AI after a series of misfired bets ranging from cryptocurrencies to smartphones.

The Chinese company, which tripled its profits in 2023, ailed the success of its new-found focus on AI after a series of misfired bets ranging from cryptocurrencies to smartphones.

16 Mar 2024 - 6:30PM

Can ByteDance have its TikTok cake and eat it too?

Caught between demands from Washington and Beijing, ByteDance has chosen the route of resistance in the US.

Caught between demands from Washington and Beijing, ByteDance has chosen the route of resistance in the US.

16 Mar 2024 - 10:49AM

China’s ‘broker butcher’ vows to tighten IPO rules, curb false accounting

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

15 Mar 2024 - 11:17PM

Retired SMIC veteran joins China’s top memory chip maker CXMT: report

Zhou Meisheng, formerly the executive vice-president of R&D at SMIC, is heading to CXMT according to report, in a move that could boost memory chip maker’s research efforts.

Zhou Meisheng, formerly the executive vice-president of R&D at SMIC, is heading to CXMT according to report, in a move that could boost memory chip maker’s research efforts.

14 Mar 2024 - 8:00AM

Opinion

25 Jan 2024 - 4:30PM

The unexplained vanishing of Bao could undo efforts by Beijing to win back the trust of investors since the end of its rigid zero-Covid policies.

21 Feb 2023 - 7:00AM

In an environment where executives are ashamed of their strengths, trust in private entrepreneurship can quickly evaporate and drag the whole society into a mode of ‘economic conservatism’.

29 Mar 2022 - 6:00AM

MORE STORIES

The Apple Scholars in AIML PhD fellowship is focused on machine learning, a branch of artificial intelligence concerned with developing algorithms and statistical models for computer systems. Photo: Shutterstock

Chinese-origin researchers stand out in Apple’s 2024 AI scholarship programme

The rising number of top-tier Chinese AI talent working in American institutions reflects the mainland’s continuing struggle with brain drain, compared with a brain gain for the US.

13 Mar 2024 - 8:41PM

Ericsson denies exiting China despite losing ground to Huawei

The company noted in its most recent financial report that uncertainties in the Sino-Swedish relationship is a major business risk.

The company noted in its most recent financial report that uncertainties in the Sino-Swedish relationship is a major business risk.

13 Mar 2024 - 6:00PM

Intel still sells to Huawei millions of dollars’ worth of advanced chips

The US chip giant still retains a Trump-era licence to sell advanced laptop CPUs to Huawei despite pressure on Biden to revoke the permission, sources say

The US chip giant still retains a Trump-era licence to sell advanced laptop CPUs to Huawei despite pressure on Biden to revoke the permission, sources say

13 Mar 2024 - 10:53AM

China’s ‘gymnastics prince’ Li Ning mulls taking his sportswear firm private

The billionaire entrepreneur and Olympic champion is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market.

The billionaire entrepreneur and Olympic champion is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market.

12 Mar 2024 - 4:40PM

Deep trouble: China’s nationalists, boiling mad, put drinks firm in hot water

Attacks by internet users on China’s biggest water company have prompted concerns over whether other private businesses will come under boycott, hampering growth at a time when the country needs it most.

Attacks by internet users on China’s biggest water company have prompted concerns over whether other private businesses will come under boycott, hampering growth at a time when the country needs it most.

12 Mar 2024 - 9:14AM

Luxshare’s chairwoman says Apple supplier will provide solutions

China’s Luxshare is a key assembler of Apple products including AirPods, the iPhone and Vision Pro.

China’s Luxshare is a key assembler of Apple products including AirPods, the iPhone and Vision Pro.

11 Mar 2024 - 7:00PM

Hong Kong’s SFC Chairman proposes cutting Stock Connect threshold to lure funds

The minimum asset requirement for investing in Hong Kong equities via the Stock Connect scheme should be cut to 100,000 yuan (US$13,900) from 500,000 yuan, SFC chairman Tim Lui says.

The minimum asset requirement for investing in Hong Kong equities via the Stock Connect scheme should be cut to 100,000 yuan (US$13,900) from 500,000 yuan, SFC chairman Tim Lui says.

12 Mar 2024 - 9:51AM

‘A whole new ball game’: China’s central bank looks to learn from US blunders

After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.

After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.

13 Mar 2024 - 11:02AM

China’s payment vow an ‘easy but marginal win’ as overseas concerns remain

China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.

China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.

9 Mar 2024 - 8:00AM

Alibaba pushes AI tools to merchants wanting to tap overseas markets

Alibaba’s fresh push of AI tools comes amid increasing competiton among Chinese e-commerce players to woo consumers across the world amid sluggish growth at home.

Alibaba’s fresh push of AI tools comes amid increasing competiton among Chinese e-commerce players to woo consumers across the world amid sluggish growth at home.

8 Mar 2024 - 10:30PM

ByteDance values its shares higher in latest buy-back offer for staff

The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.

The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.

7 Mar 2024 - 6:30PM

As it happened: Beijing defends GDP goal, vows crackdown on market defects

China’s finance, commerce, banking, development and securities heads faced the press in Beijing on Wednesday during the annual ‘two sessions’.

China’s finance, commerce, banking, development and securities heads faced the press in Beijing on Wednesday during the annual ‘two sessions’.

6 Mar 2024 - 5:51PM

China should renew confidence in internet sector: ‘two sessions’ delegate

Proposals like the one submitted by Zhihu CEO Zhou Yuan signal that policymakers are actively discussing how to boost the platform economy, analysts say.

Proposals like the one submitted by Zhihu CEO Zhou Yuan signal that policymakers are actively discussing how to boost the platform economy, analysts say.

5 Mar 2024 - 6:32PM

Push to double China’s tax-free allowance will ‘dare people to spend’: delegate

National People’s Congress delegate Zhang Xuewu says he will put forward a proposal to double China’s tax-free allowance to 10,000 yuan (US$1,389) per month amid efforts to boost consumption.

National People’s Congress delegate Zhang Xuewu says he will put forward a proposal to double China’s tax-free allowance to 10,000 yuan (US$1,389) per month amid efforts to boost consumption.

5 Mar 2024 - 6:13PM

‘China’s door is always open’: legislature hammers home pro-business stance

National People’s Congress (NPC) spokesman Lou Qinjian says China’s attitude on opening up has never faltered and will not change, ahead of the opening session of the top legislature on Tuesday.

National People’s Congress (NPC) spokesman Lou Qinjian says China’s attitude on opening up has never faltered and will not change, ahead of the opening session of the top legislature on Tuesday.

5 Mar 2024 - 9:12AM