https://www.scmp.com/rss/321567/feed Zhou Xin is Tech Editor of the Post, following stints as Political Economy Editor and Deputy China Editor. He has previously worked for Reuters and Bloomberg in Beijing. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhou Xin Zhou Xin Hong Kong and Shenzhen can work closely to empower finance with artificial intelligence, delegates said on Thursday at the China Conference: Greater Bay Area, an event hosted by the South China Morning Post. Joseph Chan Ho-lim, undersecretary for Financial Services and the Treasury in the Hong Kong government, said Hong Kong and Shenzhen were seeking deeper cooperation between finance and technology. Chan said at the event in Qianhai, a bonded zone in Shenzhen, that Hong Kong, as a... https://www.scmp.com/business/banking-finance/article/3339943/hong-kong-and-shenzhen-forge-close-ties-finance-and-ai-build-world-class-fintech-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339943/hong-kong-and-shenzhen-forge-close-ties-finance-and-ai-build-world-class-fintech-hub?utm_source=rss_feed Thu, 15 Jan 2026 02:13:48 +0000 Zhou Xin,Coco Feng Zhou Xin,Coco Feng Chinese authorities are considering whether to step in over Meta Platforms’ acquisition of Manus – an artificial intellligence agent developer with Chinese roots – amid concerns the deal could breach technology export controls and encourage more start-ups to relocate offshore, according to two sources. One of the sources said officials, including at the Ministry of Commerce, were looking into the transaction and that the review could lead to action. The other said the chances of intervention... https://www.scmp.com/tech/article/3339008/beijing-mulls-intervention-metas-deal-buy-manus-amid-ai-brain-drain-fears?utm_source=rss_feed https://www.scmp.com/tech/article/3339008/beijing-mulls-intervention-metas-deal-buy-manus-amid-ai-brain-drain-fears?utm_source=rss_feed Wed, 07 Jan 2026 07:00:10 +0000 Zhou Xin,Coco Feng Zhou Xin,Coco Feng China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources. With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors. “Investors are happy about the deal’s terms as... https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed Mon, 22 Dec 2025 13:00:13 +0000 Zhou Xin Zhou Xin Moore Threads, a five-year-old graphics processing unit (GPU) developer created by Nvidia’s former China chief, aspires to become one of the leading global players in artificial intelligence chip development, its founder and CEO Zhang Jianzhong said. Zhang, Nvidia’s China general manager from 2006 to 2020, was quoted as saying by the official Shanghai Securities Journal that the start-up would introduce a new-generation chip each year to provide key hardware for China’s AI development. “Our goal... https://www.scmp.com/tech/big-tech/article/3335337/chinas-little-nvidia-aspires-become-leading-global-player-after-shares-soar-468?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335337/chinas-little-nvidia-aspires-become-leading-global-player-after-shares-soar-468?utm_source=rss_feed Fri, 05 Dec 2025 09:00:12 +0000 Zhou Xin Zhou Xin A fierce war of words has erupted between Dutch chipmaker Nexperia and its Chinese owner, Wingtech Technology, after China and the European Union signalled that their dispute should be resolved at the corporate level. Wingtech accused Nexperia’s head office of being insincere after the Dutch head office publicly released a letter that said the chipmaker’s Chinese unit had been unresponsive to requests for talks. The heightened tensions underscore the complexity in resolving the two sides’... https://www.scmp.com/tech/big-tech/article/3334574/tensions-flare-wingtech-slams-chipmaker-nexperias-head-office-over-deception?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3334574/tensions-flare-wingtech-slams-chipmaker-nexperias-head-office-over-deception?utm_source=rss_feed Fri, 28 Nov 2025 14:24:20 +0000 Zhou Xin Zhou Xin The Jack Ma Foundation said on Thursday it would donate HK$30 million (US$3.9 million) to support families, firefighters and rescuers affected by a deadly fire at a housing estate in Hong Kong’s Tai Po district. In a statement, the foundation – established by the founder of Alibaba Group Holding and Ant Group – expressed solidarity with all those affected by the tragedy. Alibaba owns the South China Morning Post. The donation follows a further commitment of HK$20 million from Alibaba and HK$10... https://www.scmp.com/tech/big-tech/article/3334336/jack-ma-foundation-alibaba-and-ant-group-pledge-us8-million-hong-kong-fire-victims?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3334336/jack-ma-foundation-alibaba-and-ant-group-pledge-us8-million-hong-kong-fire-victims?utm_source=rss_feed Thu, 27 Nov 2025 07:22:14 +0000 Zhou Xin Zhou Xin Chinese artificial intelligence scientist Yang Hongxia, a professor at Hong Kong Polytechnic University (PolyU), is seeking to democratise large language models (LLMs) by empowering hospitals and various enterprises to train their own AI systems. Yang, who previously worked on AI models at ByteDance and Alibaba Group Holding’s Damo Academy, said in a recent interview with the South China Morning Post that her newly formed start-up, InfiX.ai, envisioned a world in which various businesses could... https://www.scmp.com/tech/tech-trends/article/3333293/hong-kong-polyus-top-ai-scientist-yang-hongxia-eyes-last-mile-generative-ai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3333293/hong-kong-polyus-top-ai-scientist-yang-hongxia-eyes-last-mile-generative-ai?utm_source=rss_feed Wed, 19 Nov 2025 01:00:16 +0000 Zhou Xin Zhou Xin Nexperia China, the local unit of the Dutch chipmaker, has told its employees to follow orders from local management and ignore instructions from the Dutch head office, according to a letter issued to employees over the weekend. In open revolt against the headquarters in Nijmegen, the Netherlands, Nexperia China said in a Chinese-language statement on its official social media channel on Saturday that it was an “independent” Chinese entity and that Nexperia employees in China “should continue to... https://www.scmp.com/tech/tech-war/article/3329565/nexperia-china-tells-employees-ignore-orders-dutch-head-office?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3329565/nexperia-china-tells-employees-ignore-orders-dutch-head-office?utm_source=rss_feed Sun, 19 Oct 2025 09:30:08 +0000 Zhou Xin Zhou Xin The United States is expanding its influence over the US$4 trillion global cryptocurrency industry amid favourable regulation under the Trump administration and the growing use of US dollar-backed stablecoins, according to participants at this year’s Token2049 event in Singapore. The US is on a path to becoming the world’s “crypto capital”, said Bo Hines, the former executive director of the White House’s Council of Advisers on Digital Assets, at a fireside chat on Thursday to conclude the... https://www.scmp.com/tech/blockchain/article/3327662/us-takes-drivers-seat-crypto-industry-back-trump-policy-stablecoin-frenzy?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327662/us-takes-drivers-seat-crypto-industry-back-trump-policy-stablecoin-frenzy?utm_source=rss_feed Thu, 02 Oct 2025 12:00:08 +0000 Zhou Xin Zhou Xin The issuer of XSGD – the only Singapore dollar-backed stablecoin and one of the world’s major non-US dollar stablecoins – said its commitment to strict regulatory compliance and emphasis on cross-border payments could serve as a model for stablecoin issuers in Hong Kong. In an interview with the South China Morning Post on Thursday in Singapore, CEO Liu Tianwei said StraitsX was working with regulators and traditional financial institutions to support cross-border payments – an approach that may... https://www.scmp.com/tech/blockchain/article/3327611/singapore-stablecoin-issuer-offers-tips-hong-kong-counterparts?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327611/singapore-stablecoin-issuer-offers-tips-hong-kong-counterparts?utm_source=rss_feed Thu, 02 Oct 2025 08:00:09 +0000 Zhou Xin Zhou Xin World Liberty Financial, a venture backed by the family of US President Donald Trump, took centre stage on Wednesday at the world’s largest cryptocurrency event in Singapore, as Trump’s eldest son and his business partner promoted the firm’s USD1 stablecoin and its potential for “dollarising the world”. At Token2049, World Liberty Financial co-founders Donald Trump Jnr and Zach Witkoff, who serves as CEO, received rock star treatment from a cheering audience, as they touted the success of USD1,... https://www.scmp.com/tech/blockchain/article/3327522/trump-led-crypto-venture-lauds-usd1-stablecoins-potential-dollarising-world?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327522/trump-led-crypto-venture-lauds-usd1-stablecoins-potential-dollarising-world?utm_source=rss_feed Wed, 01 Oct 2025 11:00:10 +0000 Zhou Xin Zhou Xin The world’s largest cryptocurrency conference, Token2049, kicked off in Singapore on Wednesday, attracting a record-breaking 25,000 attendees amid growing adoption of digital assets by institutions and individuals globally, partly driven by a friendlier regulatory environment in the US. Participants from more than 160 countries formed a queue stretching hundreds of metres outside the Marina Bay Sands convention centre in the morning. The two-day event features five simultaneous forums and... https://www.scmp.com/tech/blockchain/article/3327492/singapores-token2049-worlds-biggest-crypto-event-draws-250000-amid-us-policy-shift?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327492/singapores-token2049-worlds-biggest-crypto-event-draws-250000-amid-us-policy-shift?utm_source=rss_feed Wed, 01 Oct 2025 08:00:10 +0000 Vincent Chow,Zhou Xin Vincent Chow,Zhou Xin China’s full artificial intelligence technology stack was on display at this year’s Apsara Conference, the annual gathering of Alibaba Cloud users and developers held every September in Hangzhou, capital of eastern Zhejiang province. Downpours on Wednesday failed to keep crowds away following an opening speech by Alibaba CEO Eddie Wu Yongming, where he announced new AI infrastructure spending beyond the originally promised US$53 billion, sending the company’s shares to a four-year high. Crowds... https://www.scmp.com/tech/big-tech/article/3327089/chinas-full-stack-ai-ambitions-show-alibabas-apsara-conference?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3327089/chinas-full-stack-ai-ambitions-show-alibabas-apsara-conference?utm_source=rss_feed Sun, 28 Sep 2025 02:00:25 +0000 Vincent Chow,Zhou Xin Vincent Chow,Zhou Xin Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53 billion) over the next three years, the group’s CEO said on Wednesday. Eddie Wu Yongming, also the chairman of Alibaba Cloud, said at the Apsara Conference in Hangzhou, in China’s eastern Zhejiang province, that Alibaba’s cloud unit aimed to become “the world’s leading full-stack AI service provider” from computing power to models. Wu did not,... https://www.scmp.com/tech/big-tech/article/3326624/alibaba-boost-ai-spending-china-tech-giant-sees-agi-new-start?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3326624/alibaba-boost-ai-spending-china-tech-giant-sees-agi-new-start?utm_source=rss_feed Wed, 24 Sep 2025 03:29:36 +0000 Coco Feng,Wency Chen,Zhou Xin Coco Feng,Wency Chen,Zhou Xin China’s antitrust regulator said on Monday it found Nvidia in violation of the country’s anti-monopoly law and would proceed with further investigation, which could lead to punitive actions against the American chipmaker amid escalating technology rivalry with the US. The State Administration for Market Regulation (SAMR) said in a one-line statement that Nvidia violated both antitrust laws and the Chinese government’s terms of approval for the company’s acquisition of Israeli interconnect... https://www.scmp.com/tech/tech-war/article/3325595/tech-war-china-finds-us-chip-giant-nvidia-violated-anti-monopoly-law?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3325595/tech-war-china-finds-us-chip-giant-nvidia-violated-anti-monopoly-law?utm_source=rss_feed Mon, 15 Sep 2025 08:35:31 +0000 Xinmei Shen,Zhou Xin Xinmei Shen,Zhou Xin Cyberport may add some graphics processing units (GPUs) made in China to its Artificial Intelligence Supercomputing Centre in Hong Kong, as the government-run incubator seeks to reduce its reliance on Nvidia chips amid worsening China-US relations, its chief executive said. Cyberport has bought four GPUs made by four different mainland Chinese chipmakers and has been testing them at its AI lab to gauge which ones to adopt in the expanding facilities, Rocky Cheng Chung-ngam said in an interview... https://www.scmp.com/tech/article/3325469/cyberport-may-use-chinese-gpus-hong-kong-supercomputing-hub-cut-reliance-nvidia?utm_source=rss_feed https://www.scmp.com/tech/article/3325469/cyberport-may-use-chinese-gpus-hong-kong-supercomputing-hub-cut-reliance-nvidia?utm_source=rss_feed Sun, 14 Sep 2025 09:00:01 +0000 Zhou Xin Zhou Xin Unitree Robotics, the country’s top humanoid robot maker, said it would file documents to an onshore stock exchange in mainland China between October and December this year, suggesting it will soon go public. While the Hangzhou-based firm’s statement did not specify whether it was seeking a listing in Shanghai, Beijing or Shenzhen, a source familiar with the matter said that the company was eyeing an onshore initial public offering (IPO) as the first step. “At present, the company is actively... https://www.scmp.com/business/banking-finance/article/3324049/unitree-dispels-fear-armed-quadrupeds-ipo-stressing-robots-civilian-use?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324049/unitree-dispels-fear-armed-quadrupeds-ipo-stressing-robots-civilian-use?utm_source=rss_feed Tue, 02 Sep 2025 09:30:08 +0000 Zhou Xin Zhou Xin Chinese artificial intelligence (AI) powerhouse SenseTime is on a fast track to turn a profit thanks to its strategy of spinning off noncore operations as well as support from Beijing, CEO Xu Li said. In an interview with the Post on Friday, Xu said SenseTime’s 1+X strategy, where “1” refers to its core AI business and “X” encompasses other ventures, is paying off as the company’s first-half adjusted loss narrowed by 50 per cent from a year earlier. “The speed of narrowing losses will only... https://www.scmp.com/tech/big-tech/article/3323808/china-ai-firm-sensetime-fast-track-profitability-thanks-spin-offs-beijing-support?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323808/china-ai-firm-sensetime-fast-track-profitability-thanks-spin-offs-beijing-support?utm_source=rss_feed Mon, 01 Sep 2025 01:00:13 +0000 Xinmei Shen,Zhou Xin Xinmei Shen,Zhou Xin Cryptocurrency entrepreneur Justin Sun says he is trying to establish the Tron blockchain, which he founded and launched in 2018, as the virtual asset industry’s answer to Swift – the main messaging network used by the global banking system – on the back of a surge in stablecoin transactions around the world. “I estimate that our facilitated transactions will exceed Swift’s in the next five years,” Sun, 35, said in an interview with the South China Morning Post. He added that the transaction... https://www.scmp.com/tech/blockchain/article/3323759/justin-sun-eyes-swift-system-virtual-asset-sector-praises-hong-kong-crypto-progress?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3323759/justin-sun-eyes-swift-system-virtual-asset-sector-praises-hong-kong-crypto-progress?utm_source=rss_feed Sun, 31 Aug 2025 04:00:09 +0000 Zhou Xin,Xinmei Shen Zhou Xin,Xinmei Shen Tencent Holdings is aiming for “aggressive” growth in the international cloud computing market, on the back of the growing appetite overseas for Chinese artificial intelligence (AI) models, according to a senior executive. That sharpened focus by Tencent stems from how its overseas cloud operations have been expanding “the fastest among all [its business] segments”, with “high double-digit growth over the past few years”, said senior executive vice-president Dowson Tong Tao-sang, who serves as... https://www.scmp.com/tech/big-tech/article/3323544/tencent-counts-demand-chinese-ai-tools-lift-overseas-cloud-computing-business?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323544/tencent-counts-demand-chinese-ai-tools-lift-overseas-cloud-computing-business?utm_source=rss_feed Fri, 29 Aug 2025 04:00:17 +0000 Zhou Xin Zhou Xin Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance. In an exclusive interview with the South China Morning Post on Friday, Zhao, widely known as CZ, said the Hong Kong government had shown a “very clear attitude towards embracing Web3” and had the... https://www.scmp.com/tech/blockchain/article/3323465/binance-founder-cz-hong-kong-can-rival-us-crypto-hub-its-future-hinges-speed?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3323465/binance-founder-cz-hong-kong-can-rival-us-crypto-hub-its-future-hinges-speed?utm_source=rss_feed Thu, 28 Aug 2025 23:00:10 +0000 Zhou Xin Zhou Xin DeepSeek, the Hangzhou-based artificial intelligence start-up, may have made another breakthrough that could disrupt the way AI models are trained in China. Its innovative data format, UE8M0 FP8, could pave the way for home-grown graphics processing units (GPUs) to be deployed in training powerful models even though local GPUs are not as powerful as Nvidia’s. China’s stock market investors were excited about the breakthrough, pouring money into local GPU developers such as Cambricon... https://www.scmp.com/opinion/china-opinion/article/3323051/deepseeks-data-format-innovation-local-ai-chips-fans-fresh-hopes-more-disruption?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3323051/deepseeks-data-format-innovation-local-ai-chips-fans-fresh-hopes-more-disruption?utm_source=rss_feed Mon, 25 Aug 2025 23:00:11 +0000 Zhou Xin Zhou Xin In economic policy documents, Beijing’s leadership used the term “involution”, neijuan in Chinese, in efforts to combat excessive competition in market segments such as photovoltaics and lithium batteries. The authorities, who criticised the domestic dumping of products, have directed local governments to behave and stop offering unreasonable incentives that would lure enterprises into highly competitive segments. The potential worst-case scenario for continued involution would be to drive many... https://www.scmp.com/opinion/china-opinion/article/3322265/chinas-involution-problem-not-just-about-supply-also-demand?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3322265/chinas-involution-problem-not-just-about-supply-also-demand?utm_source=rss_feed Mon, 18 Aug 2025 23:00:07 +0000 Zhou Xin Zhou Xin Mainland China’s pension system has again become an issue of debate after the Supreme People’s Court ruled that any private agreement between employers and employees to evade payment of retirement funds was invalid. While the legal interpretation reiterated existing laws and regulations, it struck a nerve with the population and triggered doubts about the pension system’s fairness and sustainability. China’s pay-as-you-go system, which requires workers to contribute funds into a state-managed... https://www.scmp.com/opinion/china-opinion/article/3321461/chinas-pension-system-needs-overhaul-because-it-neither-fair-nor-sustainable?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3321461/chinas-pension-system-needs-overhaul-because-it-neither-fair-nor-sustainable?utm_source=rss_feed Mon, 11 Aug 2025 23:00:11 +0000 Zhou Xin Zhou Xin The Chinese government’s decision to provide a monthly subsidy of 300 yuan (US$40) to every newborn baby for three years marks an extraordinary turn in Beijing’s population policy. In a historical sense, it should be remembered as one of the most important moments in China’s social and economic policymaking. For many Chinese, memories of the state taking for granted China’s overpopulation problem are still fresh in their mind. After all, the country had implemented its infamous one-child policy... https://www.scmp.com/opinion/article/3320655/why-chinas-us40-monthly-subsidy-every-new-baby-big-deal?utm_source=rss_feed https://www.scmp.com/opinion/article/3320655/why-chinas-us40-monthly-subsidy-every-new-baby-big-deal?utm_source=rss_feed Mon, 04 Aug 2025 23:00:15 +0000 Zhou Xin Zhou Xin Without alluding to the country’s tech rivalry with the US, Chinese Premier Li Qiang has called on the world to “enhance coordination and alignment” as a way to make AI more inclusive, which would benefit more people and countries. In his keynote speech on Saturday at the opening of the three-day World Artificial Intelligence Conference in Shanghai, Li proposed the establishment of an international organisation to form a global governance framework for AI, unifying nations’ different regulatory... https://www.scmp.com/opinion/china-opinion/article/3319854/china-champions-inclusive-ai-framework-win-hearts-and-minds-developing-world?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3319854/china-champions-inclusive-ai-framework-win-hearts-and-minds-developing-world?utm_source=rss_feed Mon, 28 Jul 2025 23:00:08 +0000 Zhou Xin Zhou Xin It is a difficult job to assess public perception changes in China. For one thing, the country is so vast and rife with inequities that there are always different and contrasting views. On top of that, there are no regular, independent surveys to measure public opinion on political and social topics. The proliferation of social media in recent years has offered a peek into what’s happening “underneath” society when it comes to Chinese psychology. For instance, despite the state’s apparent... https://www.scmp.com/opinion/china-opinion/article/3318999/china-needs-be-wary-growing-social-trust-deficit-ai-era?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3318999/china-needs-be-wary-growing-social-trust-deficit-ai-era?utm_source=rss_feed Mon, 21 Jul 2025 23:00:07 +0000 Zhou Xin Zhou Xin A recent opinion piece in the People’s Daily, the mouthpiece of the Communist Party, argued that China should bring back the term “comrade” (tongzhi) as the common form of address among Chinese people. It is an interesting proposal, as the term’s political and cultural implications are largely out of touch with Chinese society. While comrade is a formal form of address inside the Communist Party, its use is limited to official settings. It is used as a suffix to full names in documents, such as... https://www.scmp.com/opinion/china-opinion/article/3318146/comrade-no-longer-fashion-china-some-people-still-want-bring-it-back?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3318146/comrade-no-longer-fashion-china-some-people-still-want-bring-it-back?utm_source=rss_feed Mon, 14 Jul 2025 23:00:08 +0000 Zhou Xin Zhou Xin It may seem far-fetched to suggest that China should consider implementing a universal basic income at this time, as authorities appear to be unenthusiastic about the idea. In the past, Chinese officials have rejected proposals to distribute cash to households, even when many families were clearly in need of support. But while the term universal basic income has yet to appear in any official Chinese policy documents, it may become less foreign in the coming years because of the increasing... https://www.scmp.com/opinion/china-opinion/article/3317193/ai-replaces-workers-china-could-consider-universal-basic-income?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3317193/ai-replaces-workers-china-could-consider-universal-basic-income?utm_source=rss_feed Mon, 07 Jul 2025 23:00:10 +0000 Zhou Xin Zhou Xin The first half of 2025 has witnessed a wave of artificial intelligence (AI) adoption in China. The speed and extent of this trend has exceeded previous technology waves, such as the internet in the late 20th century or electricity before that. Thanks to the country’s computing infrastructure and fundamental models from developers like DeepSeek, Alibaba Group Holding, Tencent Holdings, ByteDance and Baidu, China is probably among the world’s most aggressive nations in adopting AI. The new... https://www.scmp.com/opinion/china-opinion/article/3316374/chinas-rapid-adoption-ai-demands-greater-scrutiny-social-impact?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3316374/chinas-rapid-adoption-ai-demands-greater-scrutiny-social-impact?utm_source=rss_feed Mon, 30 Jun 2025 23:00:09 +0000 Zhou Xin Zhou Xin A United Nations agency is rallying policymakers, non-government organisations and academics to support its ethics guidelines on artificial intelligence (AI) at a time when the technology is rapidly changing the world. Unesco, the 194-member UN heritage agency that produced the world’s first – and so far only – global AI ethics standards four years ago, hosted a forum in Bangkok this week to drive the adoption of its recommendations. However, there is a long way to go before the recommendations... https://www.scmp.com/tech/tech-trends/article/3316041/un-agency-pushes-ai-ethics-standards-bangkok-event-us-china-tech-rivalry-deepens?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3316041/un-agency-pushes-ai-ethics-standards-bangkok-event-us-china-tech-rivalry-deepens?utm_source=rss_feed Fri, 27 Jun 2025 04:30:07 +0000 Zhou Xin Zhou Xin Education department authorities of China’s Inner Mongolia autonomous region did an unusual thing over the weekend. They opened the 2008 files of the gaokao, the national college entrance exam, to determine if rising mainland actress Nashi had committed fraud to enrol in the prestigious Shanghai Theatre Academy (STA). That investigation was initiated after the 35-year-old Nashi caused an outcry on Chinese social media when the actress hinted online that she had not “played fair” in her exam 17... https://www.scmp.com/opinion/china-opinion/article/3315513/china-just-society-economic-woes-erode-public-perception-fairness?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3315513/china-just-society-economic-woes-erode-public-perception-fairness?utm_source=rss_feed Mon, 23 Jun 2025 23:00:15 +0000 Zhou Xin Zhou Xin The United States remains a dominant power in finance, while China has a pre-eminent position in the global industrial supply chain. That distinction between the world’s two largest economies was highlighted in the latest trade talks between Beijing and Washington, when China leveraged its trump card – rare earth elements. China dominates the global supply of rare earths, including 70 per cent of mining and around 90 per cent of refining these minerals. Rare earths are vital components in a vast... https://www.scmp.com/opinion/china-opinion/article/3314616/china-attains-leverage-trade-war-back-its-trump-card-rare-earth-elements?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3314616/china-attains-leverage-trade-war-back-its-trump-card-rare-earth-elements?utm_source=rss_feed Mon, 16 Jun 2025 23:00:07 +0000 Zhou Xin,Coco Feng Zhou Xin,Coco Feng Ren Zhengfei, founder and chief executive of Chinese telecommunications equipment giant Huawei Technologies, said the company’s Ascend chips still lag behind those from the US “by a generation”, but state-of-the-art performance can still be achieved by using other methods. In a front page interview published on Tuesday by the People’s Daily, the mouthpiece of the Communist Party, Ren said by using methods like “stacking and clustering, the computing results are comparable” to the most advanced... https://www.scmp.com/tech/big-tech/article/3313779/tech-war-huawei-founder-ren-says-state-art-chip-performance-can-be-achieved?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3313779/tech-war-huawei-founder-ren-says-state-art-chip-performance-can-be-achieved?utm_source=rss_feed Tue, 10 Jun 2025 02:36:34 +0000 Zhou Xin Zhou Xin China’s five-year plan has evolved beyond a command-economy production schedule. It now represents a comprehensive vision for the country’s economic future, accompanied by strategies and policy guidelines. As Beijing’s planners draft the next five-year plan for 2026-2030, a general consensus is emerging: development and economic growth remain paramount. In particular, China is seizing the opportunity to bolster its “hard power” through manufacturing capabilities and advances in artificial... https://www.scmp.com/opinion/china-opinion/article/3313692/ai-and-robotics-expected-play-big-role-chinas-next-5-year-plan?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3313692/ai-and-robotics-expected-play-big-role-chinas-next-5-year-plan?utm_source=rss_feed Mon, 09 Jun 2025 23:00:14 +0000 Zhou Xin Zhou Xin China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to the nation’s currency sovereignty. In the face of challenges from bitcoin and other privately-issued digital currencies such as... https://www.scmp.com/opinion/article/3312757/hong-kongs-stablecoin-ambitions-offer-beijing-channel-bring-yuan-crypto-world?utm_source=rss_feed https://www.scmp.com/opinion/article/3312757/hong-kongs-stablecoin-ambitions-offer-beijing-channel-bring-yuan-crypto-world?utm_source=rss_feed Mon, 02 Jun 2025 23:00:08 +0000 Zhou Xin Zhou Xin In the aftermath of the 2008 global financial crisis, Chinese authorities kick-started a process to make the yuan an international currency. Yet, as measured by its use in global trade and investment, as well as central bank reserves, Beijing has achieved only limited success in boosting the currency, also known as the renminbi. According to data compiled by Swift, the Belgium-based operator of the international payments messaging network for financial institutions, the yuan’s share in global... https://www.scmp.com/opinion/china-opinion/article/3311816/beijing-should-seize-rattled-faith-us-dollar-accelerate-yuans-global-influence?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3311816/beijing-should-seize-rattled-faith-us-dollar-accelerate-yuans-global-influence?utm_source=rss_feed Mon, 26 May 2025 23:00:15 +0000 Matt Haldane,Zhou Xin Matt Haldane,Zhou Xin Hours after US President Donald Trump hosted a dinner with holders of his cryptocurrency token $TRUMP, the White House has not released a complete list of attendees, which reportedly included major industry players from overseas. But Justin Sun, the top holder of $TRUMP and founder of the blockchain company Tron, has not been shy about his participation. “The gala dinner we had today I think sends a very strong signal,” Sun told the South China Morning Post in a video interview after the dinner.... https://www.scmp.com/tech/blockchain/article/3311609/after-trump-crypto-dinner-justin-sun-celebrates-strong-signal-industry?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3311609/after-trump-crypto-dinner-justin-sun-celebrates-strong-signal-industry?utm_source=rss_feed Fri, 23 May 2025 13:00:32 +0000 Zhou Xin Zhou Xin China’s growth prospects face three major long-term threats – debt, decoupling and demographic challenges – and many observers are curious about how Beijing will respond to these issues. After years of trial and adjustment, policymakers have settled on three key strategic directions – a decision that has been reinforced by US President Donald Trump’s tariff war and technology restrictions against China. First, China will not repeat its old playbook of unleashing massive stimulus and shoring up... https://www.scmp.com/opinion/china-opinion/article/3310906/china-counts-three-strategic-directions-survive-trumps-tariff-and-tech-war?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3310906/china-counts-three-strategic-directions-survive-trumps-tariff-and-tech-war?utm_source=rss_feed Mon, 19 May 2025 23:00:07 +0000 Zhou Xin Zhou Xin China’s quest to make the yuan an international currency, or even a regional one, has only achieved limited success since the global financial crisis in 2008. On the one hand, Beijing’s fear of financial risks and its focus on domestic market stability have prevented it from taking bolder moves, such as making the yuan fully convertible to facilitate its wider use. When China found that significant selling in the offshore yuan could translate into downward pressure on its value, it opted for... https://www.scmp.com/opinion/article/3309986/china-sees-new-chance-make-yuan-asian-currency-amid-trump-tariffs-dollar-decline?utm_source=rss_feed https://www.scmp.com/opinion/article/3309986/china-sees-new-chance-make-yuan-asian-currency-amid-trump-tariffs-dollar-decline?utm_source=rss_feed Mon, 12 May 2025 23:00:08 +0000 Zhou Xin Zhou Xin A new battle in China’s e-commerce war has erupted in the form of “instant commerce”, a combination of online shopping and extremely fast delivery, as technology giants Alibaba Group Holding, JD.com and Meituan open a new phase of competition for consumers’ wallets. Chinese consumers are set to be spoiled by new services offering “instant satisfaction” while shopping on China’s leading e-commerce platforms. Consumers in Beijing or Shanghai can order a cup of iced tea via a smartphone app and... https://www.scmp.com/opinion/china-opinion/article/3309096/instant-commerce-chinas-first-world-infrastructure-faces-third-world-spending?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3309096/instant-commerce-chinas-first-world-infrastructure-faces-third-world-spending?utm_source=rss_feed Mon, 05 May 2025 23:00:10 +0000 Zhou Xin Zhou Xin Chinese smartphone and electric vehicle maker Xiaomi on Friday unveiled a new reasoning artificial intelligence (AI) model developed in-house, underscoring the company’s ambition to integrate its hardware products with home-grown generative AI. The open-source MiMo model has 7 billion parameters and outperformed OpenAI’s o1-mini and Alibaba Group Holding’s QwQ-32B-Preview, part of the Qwen series of models, in maths reasoning and coding, Xiaomi said in a statement. Alibaba owns the South China... https://www.scmp.com/tech/big-tech/article/3308483/smartphone-giant-xiaomi-unveils-ai-model-joining-fierce-competition-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3308483/smartphone-giant-xiaomi-unveils-ai-model-joining-fierce-competition-china?utm_source=rss_feed Wed, 30 Apr 2025 05:28:37 +0000 Zhou Xin Zhou Xin As the Shanghai Auto Show captured the attention of global carmakers, I spent the past week delving into a new book by Miao Wei, China’s former industry minister and a key architect behind the spectacular rise of the country’s electric vehicle (EV) industry. In his book, Committed to Surpass: China Solution for Intelligent Connected Cars, Miao offers an interesting review of China’s advantages and challenges in becoming a leader in the global automotive industry during the era of artificial... https://www.scmp.com/tech/tech-trends/article/3308147/chinas-ambitions-electric-vehicles-go-beyond-just-making-lots-cars?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3308147/chinas-ambitions-electric-vehicles-go-beyond-just-making-lots-cars?utm_source=rss_feed Mon, 28 Apr 2025 23:00:15 +0000 Zhou Xin Zhou Xin China’s leading memory chip manufacturer, ChangXin Memory Technologies (CXMT), has issued a rare recruitment announcement for its Japanese branch, shedding light on the subsidiary as the company expands its capacity with the aim of becoming a key player in the global dynamic random-access memory (DRAM) market. In a recruitment post published on Wednesday in Chinese, English and Japanese, CXMT revealed that its Japanese subsidiary, established in 2020 with offices in Yokohama and Fukuoka, is... https://www.scmp.com/tech/tech-war/article/3307576/chip-war-chinas-memory-chip-giant-cxmt-issues-rare-recruitment-ad-japanese-branch?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3307576/chip-war-chinas-memory-chip-giant-cxmt-issues-rare-recruitment-ad-japanese-branch?utm_source=rss_feed Wed, 23 Apr 2025 09:00:09 +0000 Zhou Xin Zhou Xin China’s economic reform over the past decade has been a controlled process of privatisation, liberalisation and deregulation, and that process has historically only gathered pace when external pressure accumulates. After all, change is only necessary when maintaining the status quo is no longer viable. In this regard, US President Donald Trump’s decision to impose “up to 245 per cent” tariffs on Chinese products, which is set to curb trade flows between China and one of its key markets, is... https://www.scmp.com/opinion/china-opinion/article/3307324/trumps-tariffs-give-china-its-biggest-chance-economic-reform-1997-crisis?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3307324/trumps-tariffs-give-china-its-biggest-chance-economic-reform-1997-crisis?utm_source=rss_feed Mon, 21 Apr 2025 23:00:20 +0000 Zhou Xin Zhou Xin On November 15, 1999, when the US and China reached an agreement on the terms of China’s accession into the World Trade Organization (WTO), students in my dormitory were full of joy watching the news on a tiny television hanging from the ceiling. As junior students at China’s top trade school, the only university under China’s foreign trade ministry, we were excited to see the country’s new status in the global trading system. In classrooms, many professors proudly talked of, or even bragged... https://www.scmp.com/opinion/china-opinion/article/3306448/china-searches-new-role-global-trade-system-us-puts-faith-tariffs?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3306448/china-searches-new-role-global-trade-system-us-puts-faith-tariffs?utm_source=rss_feed Mon, 14 Apr 2025 23:00:08 +0000 Zhou Xin Zhou Xin Samsung Semiconductor’s China unit issued a rare statement on Wednesday rejecting recent reports that its chip foundry had suspended partnerships with Chinese clients, signalling the South Korean company’s commitment to maintaining business in the world’s second-largest economy amid an upheaval in the global chip supply chain triggered by the US. In a Chinese statement released by Samsung Semiconductor on its WeChat account, the company said its foundry business, which produces chips for... https://www.scmp.com/tech/big-tech/article/3305813/chip-war-samsung-denies-halting-foundry-services-chinese-clients-amid-us-pressure?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3305813/chip-war-samsung-denies-halting-foundry-services-chinese-clients-amid-us-pressure?utm_source=rss_feed Wed, 09 Apr 2025 09:00:08 +0000 Zhou Xin Zhou Xin For nearly two decades, analysis of the global economic imbalance has become quite a cliché: the United States must produce more, while China needs to spend more. Even as Beijing rejected Western accusations of industrial overcapacity, the nation’s policymakers have focused on boosting domestic consumption. Still, China’s progress in spurring domestic spending remains debatable. Some economists see China making steady progress in implementing its “dual circulation” strategy, as the country has... https://www.scmp.com/news/china/money-wealth/article/3305519/china-needs-boost-nations-household-income-counteract-pain-trump-tariffs?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/3305519/china-needs-boost-nations-household-income-counteract-pain-trump-tariffs?utm_source=rss_feed Mon, 07 Apr 2025 23:00:09 +0000 Huawei Technologies has applied for a patent in “ternary logic”, an alternative to binary computing logic first explored in the former Soviet Union, in hopes that it could improve the design of artificial intelligence (AI) chips and help mitigate the impact of US sanctions According to a notice published by the China National Intellectual Property Administration last month, Huawei applied for the patent in ternary logic in the design of integrated circuits in September 2023, but the application... https://www.scmp.com/tech/big-tech/article/3305201/tech-war-huaweis-ternary-logic-patent-could-solve-problem-power-hungry-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3305201/tech-war-huaweis-ternary-logic-patent-could-solve-problem-power-hungry-ai-chips?utm_source=rss_feed Fri, 04 Apr 2025 06:00:10 +0000 Zhou Xin Zhou Xin An extensive supply chain in China that supports US consumer electronics giant Apple is facing significant disruptions from new tariffs imposed by US President Donald Trump, as share prices of major contract manufacturing partners fell by the maximum daily limit across the country’s stock markets on Thursday. Shenzhen-listed Goertek, an acoustic components manufacturer based in eastern Shandong province, dropped 10 per cent to its lowest level this year. Similarly, Luxshare Precision Industry... https://www.scmp.com/tech/tech-trends/article/3305065/trump-tariffs-jolt-apples-supply-chain-china-shares-goertek-and-luxshare-plunge?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3305065/trump-tariffs-jolt-apples-supply-chain-china-shares-goertek-and-luxshare-plunge?utm_source=rss_feed Thu, 03 Apr 2025 09:30:07 +0000