https://www.scmp.com/rss/518933/feed Eric is a student from HKBU and he joined the Post as an intern with the Business and Technlogy desks. He has served as an intern and freelance reporter in Reuters and BBC Chinese before the Post. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Eric Jiang Eric Jiang Linthin Technology, a Chinese start-up specialising in sports science, is banking on Hong Kong’s global connections and talent networks to expand its services to markets around the region, aided by the city’s key investment agency. The Shanghai-based company, which uses big data, Internet of Things, and artificial technology to enhance athletes’ performance and rehabilitation, joined the Science Park’s incubation programme last year and expects to raise its spending on research and development... https://www.scmp.com/business/article/3275683/chinese-sports-tech-start-banks-hong-kongs-connections-talent-reach-new-markets?utm_source=rss_feed https://www.scmp.com/business/article/3275683/chinese-sports-tech-start-banks-hong-kongs-connections-talent-reach-new-markets?utm_source=rss_feed Sat, 24 Aug 2024 01:30:10 +0000 Eric Jiang,Cheryl Arcibal Eric Jiang,Cheryl Arcibal RichKat Craft Brewing, a Shenzhen-based beer brand, has opened two pubs in Hong Kong, a move that could benefit the company as the beverage is tipped to become one of the fastest-growing alcoholic drink segments in the city, according to one forecast. The outlets are located on Pottinger Street in Central and on Hollywood Road in Sheung Wan, areas that are known to attract locals and expatriates after office hours. The outlets, which opened in July and early this month, currently only offer... https://www.scmp.com/business/article/3275116/chinese-craft-beer-maker-richkat-taps-hong-kongs-frothy-market?utm_source=rss_feed https://www.scmp.com/business/article/3275116/chinese-craft-beer-maker-richkat-taps-hong-kongs-frothy-market?utm_source=rss_feed Tue, 20 Aug 2024 03:37:24 +0000 Salina Li,Eric Jiang Salina Li,Eric Jiang An influx of students and working professionals is underpinning demand for housing in New Territories, lifting rents to the highest level in almost six years. That has made landlords in the area the big winners amid cracks in Hong Kong’s property market. A 235 sq ft studio flat at Novo Land in Tuen Mun, was leased at HK$12,200 (US$1,565), which translates to HK$51.9 per square foot, setting a new high for rents in the estate. The rent is on par with some projects on Hong Kong Island. For... https://www.scmp.com/business/article/3274923/landlords-new-territories-are-big-winners-amid-hong-kongs-property-market-gloom?utm_source=rss_feed https://www.scmp.com/business/article/3274923/landlords-new-territories-are-big-winners-amid-hong-kongs-property-market-gloom?utm_source=rss_feed Mon, 19 Aug 2024 00:30:16 +0000 Yulu Ao,Eric Jiang,Xinyi Wu Yulu Ao,Eric Jiang,Xinyi Wu Troubled Chinese developers Kaisa Group and Times China Holdings, which defaulted on a combined US$15 billion of offshore debts, have been granted more time to negotiate with creditors as the city’s High Court on Monday ordered adjournments in their winding-up hearings. Shenzhen-based Kaisa Group got a four-week reprieve after Justice Anthony Chan adjourned the case to September 9. The company will announce a debt workout plan before the next hearing, Lai Ling Tam, senior advisor for the Kaisa... https://www.scmp.com/business/article/3274074/kaisa-times-china-prepare-new-survival-fight-creditors-winding-cases-resume?utm_source=rss_feed https://www.scmp.com/business/article/3274074/kaisa-times-china-prepare-new-survival-fight-creditors-winding-cases-resume?utm_source=rss_feed Mon, 12 Aug 2024 01:15:06 +0000 Eric Jiang Eric Jiang Hong Kong’s virtual banks should strive harder to expand their services to capture a larger share of assets in the Web 3.0 industry than conventional bricks-and-mortar lenders, according to a legislator. “The government has made efforts to develop virtual banks and upgrade services in the past few years,” Johnny Ng Kit-Chong, a member of Hong Kong’s legislature known for his support of cryptocurrencies, said during a media briefing. “It’s an important time for the city to contribute more to the... https://www.scmp.com/business/banking-finance/article/3273721/hong-kongs-virtual-banks-should-serve-web-3-companies-better-says-top-crypto-advocate?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3273721/hong-kongs-virtual-banks-should-serve-web-3-companies-better-says-top-crypto-advocate?utm_source=rss_feed Thu, 08 Aug 2024 23:30:07 +0000 Eric Jiang,Xinyi Wu,Tom Shuai Eric Jiang,Xinyi Wu,Tom Shuai The Australia-themed, American restaurant chain Outback Steakhouse announced it will close nearly half its branches in Hong Kong, blaming high rents and weak sales, as the city’s consumers troop to mainland cities like Shenzhen for shopping and entertainment amid easier cross-border travel. Outback will shut nine of the 19 branches it operates in the city, affecting more than 300 of its staff, it said. The chain has outlets located across the city, from Hong Kong Island to New Territories, and... https://www.scmp.com/business/banking-finance/article/3272264/outback-shuts-9-hong-kong-steak-houses-lays-300-staff-diners-head-mainland?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3272264/outback-shuts-9-hong-kong-steak-houses-lays-300-staff-diners-head-mainland?utm_source=rss_feed Mon, 29 Jul 2024 05:30:09 +0000 Eric Jiang Eric Jiang Hong Kong and China Gas Company (Towngas) has launched a new scheme with HSBC to improve efficiency and reduce supply chain emissions to help the city reach carbon neutrality by 2050. Hong Kong’s sole piped-gas provider will extend advance payments to suppliers with a lower interest rate through its tie-up with the city’s largest lender, provided they can meet the company’s environmental, social, and governance (ESG) standards, according to the company. “By linking sustainability performance to... https://www.scmp.com/business/companies/article/3271900/hong-kongs-towngas-enlists-hsbc-vendors-its-efforts-cut-supply-chain-emissions?utm_source=rss_feed https://www.scmp.com/business/companies/article/3271900/hong-kongs-towngas-enlists-hsbc-vendors-its-efforts-cut-supply-chain-emissions?utm_source=rss_feed Fri, 26 Jul 2024 00:30:09 +0000 Enoch Yiu,Eric Jiang Enoch Yiu,Eric Jiang Hong Kong’s bourse operator has expanded its collaboration with two exchanges in the United Arab Emirates (UAE) to pave the way for its companies to list here, as a government advisory body said it plans to examine Islamic finance to align the city’s financial infrastructure with the needs of the Middle East. Hong Kong Exchanges and Clearing (HKEX) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) as recognised stock exchanges, allowing companies listed on... https://www.scmp.com/business/banking-finance/article/3271192/hong-kong-paves-way-uae-listings-recognising-dubai-abu-dhabi-stock-exchanges?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3271192/hong-kong-paves-way-uae-listings-recognising-dubai-abu-dhabi-stock-exchanges?utm_source=rss_feed Fri, 19 Jul 2024 12:50:34 +0000 Consumers in Hong Kong feel that their favourite brands are not doing enough on sustainability, and they are willing to pay higher prices for sustainable products, according to a survey whose results were published on Friday. The survey, conducted by communications agency Echo Asia and sustainability consultancy PIE Strategy, interviewed 1,199 consumers in Hong Kong who were between 18 and 65 years old, although a majority were in the 18 to 49 age group. The results showed 57 per cent of... https://www.scmp.com/business/article/3271095/hong-kong-consumer-survey-finds-majority-willing-pay-more-sustainable-goods?utm_source=rss_feed https://www.scmp.com/business/article/3271095/hong-kong-consumer-survey-finds-majority-willing-pay-more-sustainable-goods?utm_source=rss_feed Fri, 19 Jul 2024 08:05:40 +0000 A subsidiary of Sun Hung Kai & Co (SHK&Co) has teamed up with GAM Investments to manage and distribute GAM’s funds in Greater China, amid rising demand for diversity in financial services. Sun Hung Kai Capital Partners, a unit of the financial services company founded by the tycoon Fung King-hey, has announced a strategic partnership with GAM. “This strategic alliance combines our complementary strengths and resources, significantly improving our client service and investment solution... https://www.scmp.com/business/companies/article/3270983/sun-hung-kai-capital-partners-teams-julius-baers-unit-alternative-investments?utm_source=rss_feed https://www.scmp.com/business/companies/article/3270983/sun-hung-kai-capital-partners-teams-julius-baers-unit-alternative-investments?utm_source=rss_feed Thu, 18 Jul 2024 11:45:07 +0000 Eric Jiang,Cheryl Arcibal Eric Jiang,Cheryl Arcibal Hong Kong developers continue to rely on attractive pricing as a strategy to clear their swollen stock as interest-rate cuts and a stronger economic recovery fail to materialise, according to analysts and the latest price lists for sales that are soon to launch. New price lists for New World Development (NWD) and Far East Consortium’s Pavilia Forest III project in Kai Tak and Early Light International Holdings’ The Uppland in Tuen Mun both have average prices per square foot well below recent... https://www.scmp.com/business/article/3270540/hong-kong-developers-keep-pricing-flats-move-amid-supply-glut-high-rates?utm_source=rss_feed https://www.scmp.com/business/article/3270540/hong-kong-developers-keep-pricing-flats-move-amid-supply-glut-high-rates?utm_source=rss_feed Mon, 15 Jul 2024 12:15:14 +0000 Eric Jiang Eric Jiang Heytea, a Chinese brand backed by Tencent Holdings and Temasek, has opened its first pop-up store in Paris, marking the latest step in an international expansion plan for the so-called new-style tea company amid fierce domestic competition. “The foreign customers’ recognition is our primary consideration,” said Gu Yujia, vice-president of the Shenzhen-based company. “We want to use a single store to test the local customers’ preferences and fix any issues.” The opening of the Paris pop-up store,... https://www.scmp.com/business/china-business/article/3270301/chinese-new-style-tea-hits-paris-tencent-backed-heytea-opens-shop-eve-olympics?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3270301/chinese-new-style-tea-hits-paris-tencent-backed-heytea-opens-shop-eve-olympics?utm_source=rss_feed Sun, 14 Jul 2024 05:00:08 +0000 Eric Jiang Eric Jiang An aircraft assembler has priced its stock at the middle of a range in Hong Kong, becoming the first company of its kind to raise capital on the local exchange, as the city’s pace of fundraising picks up from a three-year slump. Cirrus Aircraft, the Minnesota-based assembler of light planes that has been owned since 2011 by China Aviation Industry General Aircraft (Caiga), will offer its shares at HK$27.50 (US$3.52) apiece, Reuters reported, citing a source with direct knowledge of the... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3269893/cirrus-aircraft-prices-its-stock-midrange-hk2750-pace-hong-kongs-ipos-picks?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3269893/cirrus-aircraft-prices-its-stock-midrange-hk2750-pace-hong-kongs-ipos-picks?utm_source=rss_feed Wed, 10 Jul 2024 07:30:08 +0000 International investors can pledge their holdings of Chinese domestic bonds as margin collateral for Northbound Swap Connect trading later this year, regulators from Hong Kong and mainland China announced at a summit on Tuesday, in an enhancement of cross-border connectivity and cooperation. The financial authorities of Hong Kong and the mainland will soon launch this service in a move that will help vitalise global investors’ 4.22 trillion yuan (US$580 billion) holdings by reducing their... https://www.scmp.com/business/banking-finance/article/3269734/swap-connect-scheme-allow-global-investors-use-chinese-bond-holdings-margin-collateral?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3269734/swap-connect-scheme-allow-global-investors-use-chinese-bond-holdings-margin-collateral?utm_source=rss_feed Tue, 09 Jul 2024 06:52:10 +0000 Enoch Yiu,Eric Jiang Enoch Yiu,Eric Jiang Canadian insurer Sun Life Financial and HSBC’s subsidiary Hang Seng Bank are expanding their services to capture business from rich customers in the Greater Bay Area, leveraging the government’s efforts to turn Hong Kong into a family office hub. They join a wave of financial firms, including HSBC, Prudential and Manulife, that have recently announced expansion plans targeting the same customer base. Sun Life has teamed up with HealthMutual Group, CUHK Medical Centre and Gleneagles Hospital to... https://www.scmp.com/business/banking-finance/article/3269040/sun-life-hang-seng-expand-services-rich-clients-tout-hong-kongs-family-office-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3269040/sun-life-hang-seng-expand-services-rich-clients-tout-hong-kongs-family-office-push?utm_source=rss_feed Wed, 03 Jul 2024 10:21:37 +0000 China’s e-commerce giant JD.com is said to be doubling down on its budget shopping platform Jingxi in its latest move to win consumers in the “sink” market, made up mostly of small towns where shoppers have limited spending power, amid fierce competition with rivals such as PDD Holdings. Borrowing a page from PDD’s playbook, JD.com is taking full control over Jingxi’s operation, logistics and after-sales services in what is known as a “whole custodian” model, hoping to better serve... https://www.scmp.com/tech/big-tech/article/3268853/chinese-e-commerce-giant-jdcom-pursues-budget-minded-consumers-slow-economy?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3268853/chinese-e-commerce-giant-jdcom-pursues-budget-minded-consumers-slow-economy?utm_source=rss_feed Tue, 02 Jul 2024 09:00:09 +0000 More than a quarter of Hong Kong companies want to reduce their office footprint this year amid macro uncertainties, but those in the insurance and legal services sectors are bucking the trend, according to a new survey by Colliers. Of the 358 Hong Kong companies surveyed by the property consultancy, 27 per cent said they intended to downsize their office space, an increase of 6 percentage points from last year. Around 91 per cent said price is the top factor when making rental... https://www.scmp.com/business/article/3268569/quarter-hong-kong-companies-plan-cuts-office-space-2023-says-colliers?utm_source=rss_feed https://www.scmp.com/business/article/3268569/quarter-hong-kong-companies-plan-cuts-office-space-2023-says-colliers?utm_source=rss_feed Sun, 30 Jun 2024 07:00:14 +0000 Eric Jiang Eric Jiang The Hong Kong retail property market could tap a new wave of demand from Chinese electric vehicle (EV) makers rushing to set up showrooms and related infrastructure, as the city pushes ahead with its aim to be carbon-neutral by 2050. On Tuesday, Denza, the luxury EV brand owned by BYD, rented a 14,000 square feet showroom in Wan Chai at an annual rent of over HK$1 million for a three-year term, according to property consultant Jones Lang LaSalle. The brand opened its first flagship store in Hong... https://www.scmp.com/business/article/3268477/hong-kong-retail-property-market-charged-eyeing-chinese-ev-makers-expansion-plans?utm_source=rss_feed https://www.scmp.com/business/article/3268477/hong-kong-retail-property-market-charged-eyeing-chinese-ev-makers-expansion-plans?utm_source=rss_feed Sun, 30 Jun 2024 01:30:15 +0000 Eric Jiang,Enoch Yiu Eric Jiang,Enoch Yiu Increased spending by Hong Kong’s wealthy residents pushed the city one notch higher in terms of the “cost of living extremely well”, making it the world’s second-most expensive metropolis, according to a Julius Baer report on Tuesday. Singapore retained the title, with London and Shanghai in third and fourth place, respectively. Monaco rounded out the top five. Shanghai dropped two spots from last year while London climbed one place. The Swiss bank’s fourth annual global wealth and lifestyle... https://www.scmp.com/business/banking-finance/article/3267860/singapore-pips-hong-kong-worlds-most-expensive-city-live-extremely-well?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3267860/singapore-pips-hong-kong-worlds-most-expensive-city-live-extremely-well?utm_source=rss_feed Tue, 25 Jun 2024 01:00:19 +0000 Eric Jiang,Jiaxing Li Eric Jiang,Jiaxing Li Hong Kong stocks could enjoy a better second half to the year following their recent decline, as global interest rates start to come down and more supportive measures in China provide a boost, analysts and money managers say. A potential rate cut from the US Federal Reserve as early as the third quarter and more confidence-lifting measures expected to emerge from Beijing’s third plenum in July could all give the Hong Kong market the impetus it needs to resume the rally it achieved in the first... https://www.scmp.com/business/markets/article/3267409/hong-kong-stocks-will-resume-their-rally-soon-beijing-support-lifts-sentiment-analysts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3267409/hong-kong-stocks-will-resume-their-rally-soon-beijing-support-lifts-sentiment-analysts?utm_source=rss_feed Thu, 20 Jun 2024 22:00:19 +0000 Hong Kong-based drink company Vitasoy International Holdings recorded a 2.5-fold increase in net profit despite a small revenue decline as a focus on product innovation paid off in successful launches of new banana and strawberry soy milks, plus a zero-sugar lemon tea. The 84-year old Hong Kong company reported on Thursday that net profit grew 155 per cent year on year to HK$116.4 million (US$15 million) for the year ended March 31. Revenue fell 2 per cent year on year to HK$6.2 billion.... https://www.scmp.com/business/companies/article/3267404/hong-kongs-vitasoy-reports-155-profit-growth-new-flavours-retail-improvement?utm_source=rss_feed https://www.scmp.com/business/companies/article/3267404/hong-kongs-vitasoy-reports-155-profit-growth-new-flavours-retail-improvement?utm_source=rss_feed Thu, 20 Jun 2024 12:30:20 +0000 The European Union announced on June 12th that it would levy additional tariffs of up to 38 per cent on Chinese electric vehicles (EVs), which could deal a blow to domestic EV companies. Unlike the quadrupling of tariffs announced by the White House last month, whose impact appears to be minimal because so few Chinese-made EVs are sold in the US, the EU’s new levies are likely to inflict some pain as the bloc has long been considered a major destination for the country’s electric cars. The 27 EU... https://www.scmp.com/business/article/3267373/what-eus-extra-tariffs-chinas-electric-vehicles-mean-carmakers-both-markets?utm_source=rss_feed https://www.scmp.com/business/article/3267373/what-eus-extra-tariffs-chinas-electric-vehicles-mean-carmakers-both-markets?utm_source=rss_feed Thu, 20 Jun 2024 08:59:39 +0000 Initial public offering (IPO) activity in Hong Kong is gearing up for a busier second half of the year, shaking off a slow first six months as more Chinese companies pivot to list in the city, according to midyear reports from KPMG and EY. High interest rates and global economic uncertainty depressed IPO fundraising in Hong Kong by 35 per cent year on year to HK$11.6 billion (US$1.5 billion) in the first half, according to KPMG. Deal volume fell 15 per cent to 27 new listings, and the average... https://www.scmp.com/business/banking-finance/article/3267081/hong-kong-ipos-new-found-positivity-after-slow-first-half-2024-deal-pipeline-fills?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3267081/hong-kong-ipos-new-found-positivity-after-slow-first-half-2024-deal-pipeline-fills?utm_source=rss_feed Tue, 18 Jun 2024 09:30:14 +0000 Rebecca Li, 24, who hails from China’s Shandong Province, is one of an estimated 8.2 million foreign-born residents of Australia who wield significant influence on the country’s high-flying property market. But that dynamic is beginning to shift as agents warn that Canberra’s withdrawal of a golden visa scheme and plans to cap its migrant and foreign student intake are likely to impact home sales, particularly in the high-end segment. The timing could not be worse for property owners, especially... https://www.scmp.com/business/article/3266656/australias-tighter-immigration-policy-poses-risk-luxury-home-market?utm_source=rss_feed https://www.scmp.com/business/article/3266656/australias-tighter-immigration-policy-poses-risk-luxury-home-market?utm_source=rss_feed Sun, 16 Jun 2024 02:00:15 +0000 Eric Jiang Eric Jiang A mainland Chinese distributor of Nvidia Corp products is looking to boost sales of the US firm’s graphics cards – hardware used by gamers to crank up computing performance – by offering these in a promotion with Black Myth: Wukong, the country’s first triple-A video game. Guangzhou-based Maxsun, which distributes products based on Nvidia and Advanced Micro Devices technologies, is offering free digital keys to action role-playing game Black Myth: Wukong for each purchase of Nvidia’s GeForce RTX... https://www.scmp.com/tech/tech-trends/article/3266654/chinese-nvidia-distributor-pairs-graphics-cards-black-myth-wukong-game-offbeat-promotion?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3266654/chinese-nvidia-distributor-pairs-graphics-cards-black-myth-wukong-game-offbeat-promotion?utm_source=rss_feed Sun, 16 Jun 2024 01:00:17 +0000 Eric Jiang Eric Jiang A 17-year-old student majoring in fashion design, who is self-taught in maths, beat all the artificial intelligence (AI) teams to get into the finals of the Alibaba Global Mathematics Competition, according to the final list issued by the organiser, Alibaba’s DAMO Academy. Just over 800 competitors with an average age of 22 qualified for the final competition to be held on June 22. The majority of finalists are students, including those from Massachusetts Institute of Technology, Cambridge... https://www.scmp.com/tech/big-tech/article/3266492/chinese-fashion-student-outsmarts-ai-teams-reach-finals-alibaba-maths-competition?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3266492/chinese-fashion-student-outsmarts-ai-teams-reach-finals-alibaba-maths-competition?utm_source=rss_feed Thu, 13 Jun 2024 13:00:19 +0000 Ant Group invested 21.2 billion yuan (US$2.9 billion) in technology last year, including artificial intelligence (AI), to drive innovation for consumers, small and micro enterprises and partners, according to the company’s latest sustainability report released on Thursday. The fintech affiliate of Alibaba Group Holding, which owns the Post, has been increasing its research and development (R&D) outlay by 12.7 per cent annually since 2021, according to the report. More than 87 million small and... https://www.scmp.com/business/article/3266501/ant-groups-us29-billion-tech-investment-helps-fintech-giant-reach-esg-goals?utm_source=rss_feed https://www.scmp.com/business/article/3266501/ant-groups-us29-billion-tech-investment-helps-fintech-giant-reach-esg-goals?utm_source=rss_feed Thu, 13 Jun 2024 11:27:53 +0000 Eric Jiang Eric Jiang Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal wealth of 425 billion yuan (US$59 billion), followed by Zhang, whose 21 per cent stake in TikTok’s parent company gives him a personal net... https://www.scmp.com/tech/big-tech/article/3266455/pdd-holdings-colin-huang-and-bytedances-zhang-yiming-top-chinas-tech-rich-list?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3266455/pdd-holdings-colin-huang-and-bytedances-zhang-yiming-top-chinas-tech-rich-list?utm_source=rss_feed Thu, 13 Jun 2024 09:30:10 +0000 Eric Jiang Eric Jiang China’s first triple-A video game, Black Myth: Wukong, has emerged as a big hit more than two months before its official release, as initial domestic pre-orders were about 16 times oversubscribed as of Tuesday. An action role-playing game based on the classic Chinese novel Journey to the West published in the 16th century, Black Myth: Wukong was developed by Shenzhen-based studio Game Science, which is backed by Tencent Holdings – operator of the world’s largest video gaming business by... https://www.scmp.com/tech/tech-trends/article/3266168/chinese-triple-video-game-black-myth-wukong-proves-big-hit-initial-pre-orders-16-times?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3266168/chinese-triple-video-game-black-myth-wukong-proves-big-hit-initial-pre-orders-16-times?utm_source=rss_feed Tue, 11 Jun 2024 11:30:09 +0000 A Beijing-based graphics processing unit (GPUs) design firm founded by a former Nvidia executive is generating excitement among Chinese video gamers in a sign of the country’s ability to quickly find substitutes for foreign brands in consumer-grade technology. Moore Threads Technology, which was added to a US trade blacklist at the end of 2023, has emerged as a key competitor in a semiconductor market segment that globally is dominated by Nvidia and Advanced Micro Devices (AMD). After the... https://www.scmp.com/tech/tech-trends/article/3266064/chinas-little-nvidia-moore-threads-finds-edge-video-gaming-gpus-despite-performance-gap?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3266064/chinas-little-nvidia-moore-threads-finds-edge-video-gaming-gpus-despite-performance-gap?utm_source=rss_feed Mon, 10 Jun 2024 13:00:15 +0000 Alipay, the ubiquitous Chinese mobile payment service operated by Ant Group, has added a hair loss testing feature that uses artificial intelligence (AI) in its latest effort to push further into consumers’ everyday lives. The feature is meant to help people self-test for balding by uploading four pictures covering the front, top and sides of a head. It also offers suggestions for whether to seek medical advice. The platform is powered by Ant’s own AntBrayer multimodal model, which includes both... https://www.scmp.com/tech/tech-trends/article/3265951/alipay-deploys-ai-test-hair-loss-payment-app-pushes-further-users-lives?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3265951/alipay-deploys-ai-test-hair-loss-payment-app-pushes-further-users-lives?utm_source=rss_feed Sun, 09 Jun 2024 13:00:11 +0000