Washington is said to be preparing regulations to curb investment into ‘critical sectors’, a move experts said would reduce capital flows and which Beijing said is ‘harmful and serves no one’s interests’.
CEO Zhao Changpeng admits that Binance is letting go of employees that are ‘not strong fits with the company’.
China’s semiconductor industry faces major pressure from Tokyo’s growing cooperation with the US on chip controls, prompting Beijing response.
Depending on which Chinese entities are prohibited from purchasing products from Micron, the impact on its total revenue could range from low to high single-digit percentage, the company’s finance chief says.
Hong Kong University of Science and Technology (HKUST) is encouraging professors to include Chat GPT and other generative artificial intelligence (AI) models in their lesson plans.
The host of this year’s Group of 7 summit is seeking a more prominent role in the global semiconductor value chain, as the US and its allies move to limit China’s role the future chip landscape.
The US technology research and advisory firm is also laying off most of its analysts in the country, sources said.
The Chinese government continues to push blockchain development for industrial use, signalling a belief in the technology despite Beijing’s cryptocurrency ban.
Artifact Labs is planning several new partnerships with global museums after a seed funding round led by Blue Pool Capital and Animoca Ventures, despite cooling interest in NFTs.
Apple sales fell 2.9 per cent in Greater China and 2.5 per cent globally, but it beat expectations owing to strong sales of services and iPhones.
PDD Holdings is moving some of its operations to Dublin, while Pinduoduo says its head office will remain in Shanghai, as it rapidly expands overseas with budget shopping app Temu.
Generative AI is allowing scammers to mimic voices, write more sophisticated phishing emails, and create malware, but cybersecurity firms are fighting back with AI themselves.
Hong Kong Science and Tech Park crowns AI-focused prop-tech start-up Skyland Innovation as the EPiC 2023 pitch competition winner, beating over 610 competitors.
Try It On charges US$17 for 100 AI-generated images based on users’ photos, which are described as good enough to skip a photo shoot.
The Cambridge Blockchain Network Sustainability Index shows Ethereum’s annual energy consumption remains a tiny fraction of bitcoin’s amid rising interest after switching to a more sustainable validation process.
India’s High Court has rejected a plea from Chinese technology company Xiaomi to return funds worth more than US$600 million, which were seized due to alleged foreign exchange violations.
Hong Kong’s licensed digital asset trading platforms are partnering with both local virtual banks and larger Chinese institutions, as the city’s new licensing regime allows for greater retail participation.
One of Asia’s largest digital asset platforms has launched a prototype artificial intelligence (AI) trader bot as the digital asset space quickly adapts to the hot new technology.
The latest economic data published by China’s statistics bureau points to a recovery in the national semiconductor industry, despite intensifying efforts by Washington to cripple the nation’s ability to produce advanced chips.
Hong Kong’s battered catering industry had adapted to a new normal and was looking forward to a recovery in 2022, but the latest Covid measures threaten to push many to the brink, according to industry insiders.
While virtual banks have primarily opted for digital-driven marketing strategies via social media and targeted ads, ZA Bank uses gamification to retain user engagement and build its brand through word of mouth.
With the Covid-19 pandemic unlikely to end soon, Beijing-backed AIIB will continue to provide loans to partner countries to improve their health care systems and fight the pandemic.
The American start-up backed by Hong Kong’s best known tycoon, Li Ka-shing, aims to scale up and expand after receiving approval to sell more of it’s cell-grown chicken products in Singapore.
Hong Kong’s SMEs have largely embraced digitisation, adapting to new consumer preferences shaped by the Covid-19 pandemic, according to a PayPal survey.
Housing shortages, low mortgage rates and rising construction costs are seen boosting home prices globally, while in China the government is likely to keep rein in the market.
The rapid growth in sustainable finance deals will continue in 2022, supported by the growing practice of taking ESG issues into consideration while making asset allocation decisions, bankers and asset managers said.
Mainland Chinese and Hong Kong investors who braved the Covid-19 slump to pick up luxury assets in Manhattan have been well rewarded. Prices have rebounded in the market’s busiest year since at least 2006.
The Mandatory Provident Fund is on course to report its first loss since 2018 due to a slump in the Hong Kong and mainland equity markets.
The average office fit-out cost in Hong Kong rebounded to pre-Covid-19 levels this year and is likely to get more expensive in 2022 amid rising business confidence.
The Chinese online retailer has launched a new blockchain-backed platform to sell ‘digital collectibles’ amid Beijing’s heightened scrutiny of NFTs.