https://www.scmp.com/rss/520251/feed Before joining SCMP, Yi was an in-house financial translator. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yi Luo Yi Luo Chinese enterprise software company Yonyou Network Technology has named Huang Chenhong – former global executive vice-president at German rival SAP – its new president, as the mainland’s tech sector scoops up talent from multinational firms that are scaling back operations in the country. Beijing-based Yonyou, a leading enterprise resource planning (ERP) software and cloud services provider in China, said in a statement that Huang’s leadership would help the company “capture strategic... https://www.scmp.com/tech/tech-trends/article/3294235/chinese-software-firm-yonyou-picks-former-senior-sap-executive-new-president?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3294235/chinese-software-firm-yonyou-picks-former-senior-sap-executive-new-president?utm_source=rss_feed Fri, 10 Jan 2025 09:30:08 +0000 Yi Luo Yi Luo Alibaba Group Holding founder Jack Ma on Tuesday reiterated his expectation that artificial intelligence (AI) is set to reshape the world over the next decade, a month after predicting how changes brought by the technology will surpass everyone’s imagination. In a video speech posted on the social-media account of his eponymous foundation to mark the 10th anniversary of a rural teachers programme, Ma – a former teacher himself – said the rise of AI and China’s demographic shifts will create new... https://www.scmp.com/tech/tech-trends/article/3294054/ai-set-reshape-world-alibaba-founder-jack-ma-tells-chinese-rural-teachers?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3294054/ai-set-reshape-world-alibaba-founder-jack-ma-tells-chinese-rural-teachers?utm_source=rss_feed Thu, 09 Jan 2025 10:30:08 +0000 Yi Luo Yi Luo US cloud computing and cybersecurity firm Akamai Technologies’ content delivery network (CDN) services in mainland China will cease from the second half of next year, the company said in a recent letter to customers, becoming the latest foreign tech firm to scale back operations in the country amid geopolitical headwinds. “Effective June 30, 2026, all China CDN services will reach their decommission date,” the Akamai letter said. “After this date, any remaining content requests will be... https://www.scmp.com/tech/tech-trends/article/3293735/us-cloud-services-firm-akamai-cease-cdn-operations-china-june-2026?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3293735/us-cloud-services-firm-akamai-cease-cdn-operations-china-june-2026?utm_source=rss_feed Tue, 07 Jan 2025 09:00:10 +0000 Yi Luo Yi Luo Chinese-American billionaire and low-key entrepreneur-investor Duan Yongping publicly praised e-commerce giant PDD Holdings’ Temu for its marketing success, highlighting the budget-shopping site’s high-profile advertisements during the Super Bowl in 2023 and 2024. “The Super Bowl is a great platform for advertising, but I never managed to make it there,” Duan said during a speech at his alma mater Zhejiang University on Sunday. “Colin Huang Zheng, founder of Temu, did it.” “Almost everybody in... https://www.scmp.com/tech/big-tech/article/3293630/pdds-chinese-american-billionaire-investor-duan-yongping-heaps-praise-temu?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3293630/pdds-chinese-american-billionaire-investor-duan-yongping-heaps-praise-temu?utm_source=rss_feed Mon, 06 Jan 2025 13:00:18 +0000 Yi Luo Yi Luo Alibaba Group Holding is pushing further into the expanding market for artificial intelligence (AI) hardware through a new partnership with Hong Kong-based augmented reality (AR) glasses maker RayNeo. Under the deal, the cloud computing and AI unit of Alibaba will provide exclusive technology support for RayNeo’s products through its Qwen large language models (LLMs), the companies said on Thursday. LLMs are the technology underpinning generative AI services such as OpenAI’s ChatGPT. “This... https://www.scmp.com/tech/big-tech/article/3293438/alibaba-deepens-push-ai-smart-glasses-hong-kongs-rayneo?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3293438/alibaba-deepens-push-ai-smart-glasses-hong-kongs-rayneo?utm_source=rss_feed Sun, 05 Jan 2025 01:00:16 +0000 Yi Luo Yi Luo A state-owned artificial intelligence (AI) company has appointed a former IBM China executive as its chief technology officer (CTO), in the latest example of a Chinese firm scooping up talent, as multinationals scale back operations in the country. Beijing Electronic Digital and Intelligence (BEDI), a state-owned firm providing computing power and cloud computing infrastructure for AI applications, said in a statement on Thursday that it appointed Xie Dong, a veteran in technology management at... https://www.scmp.com/tech/big-tech/article/3293292/chinese-state-owned-ai-firm-hires-former-ibm-executive-chief-technology-officer?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3293292/chinese-state-owned-ai-firm-hires-former-ibm-executive-chief-technology-officer?utm_source=rss_feed Fri, 03 Jan 2025 10:00:25 +0000 Yi Luo Yi Luo The founder of Baidu, an artificial-intelligence (AI) pioneer in China that unveiled its own large language model (LLM) just months after OpenAI released ChatGPT, said AI applications would grow “exponentially” in 2025. Baidu’s investments in AI are expected to generate returns this year, according to Robin Li Yanhong, CEO of China’s largest search-engine operator, in a message to all staff marking the company’s 25th anniversary, which fell on New Year’s Day. “Generative AI, powered by... https://www.scmp.com/tech/big-tech/article/3293178/baidu-founder-robin-li-predicts-exponential-boom-ai-apps-2025?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3293178/baidu-founder-robin-li-predicts-exponential-boom-ai-apps-2025?utm_source=rss_feed Thu, 02 Jan 2025 13:00:08 +0000 Yi Luo Yi Luo Freshippo, Alibaba Group Holding’s grocery chain known as Hema in its home market, was profitable for nine straight months in 2024, the unit’s chief executive Yan Xiaolei said in an internal letter on Tuesday. The supermarket opened 72 new stores across China in the past year, averaging one every five days, the most in five years, according to Yan, who assumed the CEO role in March. The additions brought the total number of Freshippo outlets to 400, spanning 50 cities, Yan said in the letter,... https://www.scmp.com/tech/big-tech/article/3292897/alibabas-supermarket-freshippo-records-9-straight-months-profit-ceo-says?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3292897/alibabas-supermarket-freshippo-records-9-straight-months-profit-ceo-says?utm_source=rss_feed Tue, 31 Dec 2024 10:00:33 +0000 Yi Luo Yi Luo TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching the combined spending of rivals Baidu, Alibaba Group Holding and Tencent Holdings, according to new research. Beijing-based ByteDance, founded by Chinese entrepreneur Zhang Yiming, invested an estimated 80 billion yuan (US$11 billion) on capital expenditure during the year – including AI – while Baidu, Alibaba and Tencent’s spent about 100 billion... https://www.scmp.com/tech/big-tech/article/3292770/bytedance-leads-chinas-big-tech-sector-capital-spending-us11-billion-2024?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3292770/bytedance-leads-chinas-big-tech-sector-capital-spending-us11-billion-2024?utm_source=rss_feed Mon, 30 Dec 2024 13:00:08 +0000 Yi Luo Yi Luo China’s booming artificial intelligence (AI) industry has a plethora of job openings but not enough talent to fill them, according to a recent report from Maimai, a Chinese professional online network similar to LinkedIn. A quarter of openings among the top 20 “new economy” job types on Maimai this year through October were directly related to AI, the company revealed in a report published this week. Related roles include algorithm engineer, AI engineer, recommendation algorithm engineer, large... https://www.scmp.com/tech/tech-trends/article/3291716/china-faces-ai-talent-shortage-otherwise-booming-new-economy-sector-report-finds?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3291716/china-faces-ai-talent-shortage-otherwise-booming-new-economy-sector-report-finds?utm_source=rss_feed Sat, 21 Dec 2024 01:00:11 +0000 Yi Luo Yi Luo China’s super app WeChat, owned by Tencent Holdings, has added a gift-giving feature to its embedded e-commerce platform ahead of Christmas, allowing users to send presents to their friends. Shoppers can search for products by keywords. According to the official guidelines, all gifts available are priced 10,000 yuan (US$1,375) or under, and they exclude jewellery and tutoring classes. After the sender completes payment, the recipient must accept the gift and submit a postal address within 24... https://www.scmp.com/tech/big-tech/article/3291753/tencent-challenges-e-commerce-rivals-new-gift-giving-feature-wechat?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3291753/tencent-challenges-e-commerce-rivals-new-gift-giving-feature-wechat?utm_source=rss_feed Fri, 20 Dec 2024 11:00:16 +0000 Yi Luo Yi Luo Shenzhen’s government has issued a long list of subsidies to support artificial intelligence (AI) development in the city in a fresh sign of how local Chinese authorities are pulling out all the stops to support the growth of the industry. According to measures published by the Industry and Information Technology Bureau of Shenzhen on Wednesday, the government will earmark 500 million yuan (US$68.6 million) to help AI firms to rent computing resources, with each company eligible for up to 10... https://www.scmp.com/tech/big-tech/article/3291602/shenzhen-showers-ai-companies-workers-cash-boost-local-industry?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3291602/shenzhen-showers-ai-companies-workers-cash-boost-local-industry?utm_source=rss_feed Thu, 19 Dec 2024 23:00:14 +0000 Yi Luo Yi Luo Thailand’s property market is booming and so is fraud. Mainland Chinese buyers, who accounted for nearly half of the purchases by foreigners last year, are among the victims. Zoe Yu, a 45-year-old photographer from Ningbo in southeast China, encountered trouble when investing in Thailand’s second-biggest city of Chiang Mai. Drawn by affordable international education and lower living costs in the northern tourist hotspot, she signed a contract in January 2023 to buy a 10 million baht... https://www.scmp.com/business/article/3291334/thailands-property-boom-attracts-chinese-investors-fraud-risks-loom?utm_source=rss_feed https://www.scmp.com/business/article/3291334/thailands-property-boom-attracts-chinese-investors-fraud-risks-loom?utm_source=rss_feed Thu, 19 Dec 2024 00:30:08 +0000 Yi Luo Yi Luo China’s top electric vehicle maker BYD is conducting a new mass recruitment drive for robotics talent to staff its embodied intelligence (EI) unit, in a sign that the company is doubling down on robot-related research. The Shenzhen-based company posted a global recruitment ad on the Chinese social media platform WeChat, describing job openings for 10 types of senior engineers in areas including sensory algorithms, robotics, and software. BYD did not specify how many people it will recruit. The... https://www.scmp.com/tech/big-tech/article/3291243/chinas-top-ev-maker-byd-kicks-robotics-recruitment-drive-young-talent?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3291243/chinas-top-ev-maker-byd-kicks-robotics-recruitment-drive-young-talent?utm_source=rss_feed Tue, 17 Dec 2024 23:00:09 +0000 Yi Luo Yi Luo Nvidia’s promotional store on China’s biggest e-commerce site has become the centre of speculation over whether the US tech giant will pull back from China after being targeted by Beijing in an antitrust investigation. Nvidia’s GeForce store on Alibaba Group Holding’s Tmall e-commerce platform opened in 2016, and now has over 123,000 followers. The homepage provides links to sellers offering video game laptops equipped with GeForce graphics cards, but the Nvidia store does not sell products... https://www.scmp.com/tech/big-tech/article/3290543/nvidias-promotional-store-tmall-stirs-debate-after-beijing-initiates-antitrust-probe?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3290543/nvidias-promotional-store-tmall-stirs-debate-after-beijing-initiates-antitrust-probe?utm_source=rss_feed Thu, 12 Dec 2024 11:02:32 +0000 Yi Luo Yi Luo Hong Kong officials and industry insiders touted the city’s cryptocurrency trials and regulatory stability as strengths for the market at the Belt and Road Forum on Thursday, as the crypto euphoria surrounding the re-election of Donald Trump to the US presidency pushed the price of bitcoin past US$100,000 this week. “Trump is unpredictable. He may change his mind tomorrow; you never know,” said Joseph Chan – chair of the think tank Silk Road Economic Development Research Centre, one of the... https://www.scmp.com/tech/policy/article/3289775/hong-kongs-crypto-faithful-see-regulations-strength-unsure-unpredictable-trump?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3289775/hong-kongs-crypto-faithful-see-regulations-strength-unsure-unpredictable-trump?utm_source=rss_feed Fri, 06 Dec 2024 23:00:19 +0000 Yi Luo Yi Luo Chinese state-owned carmaker Guangzhou Automobile Group (GAC) launched its fourth model in Hong Kong as it expects sharp sales growth amid the city’s growing adoption of electric vehicles (EVs). The Hyptec HT, introduced on Tuesday at the 2024 International MotorXpo at the AsiaWorld-Expo, is touted as a mid to high-end SUV. A standard version sells for HK$268,800 (US$34,533), while a premium version with gull-wing doors costs HK$339,800. “We’re very optimistic about the EV market in Hong Kong,”... https://www.scmp.com/business/china-business/article/3289503/chinese-carmaker-gac-doubles-down-hong-kongs-growing-appetite-evs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3289503/chinese-carmaker-gac-doubles-down-hong-kongs-growing-appetite-evs?utm_source=rss_feed Thu, 05 Dec 2024 08:09:14 +0000 Iris Deng,Yi Luo Iris Deng,Yi Luo Chinese drone maker DJI is fighting to prove that it is not linked to the country’s military, an allegation that has resulted in US sanctions, as it continues to wage a legal and public image battle amid US-China geopolitical rivalry. Although the world’s largest drone maker has denied that its products are intended for military use after reports of its drones being used on the Ukraine battlefield, and has denied any links to China’s People’s Liberation Army, the Shenzhen-based company has... https://www.scmp.com/tech/big-tech/article/3289138/chinese-drone-maker-dji-fights-shake-military-tag?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3289138/chinese-drone-maker-dji-fights-shake-military-tag?utm_source=rss_feed Wed, 04 Dec 2024 01:00:14 +0000