https://www.scmp.com/rss/521332/feed Hannah Wang is a student from Hong Kong Baptist University and she is currently an intern reporter on the Business and Technology Desk. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hannah Wang Hannah Wang Nvidia CEO Jensen Huang said he was surprised by Beijing’s questioning of the security of its H20 artificial intelligence chips and that it would be up to the US government to decide whether the company can produce a new product for the Chinese market. Huang made the comments during a visit to Taiwan on Friday, where he had meetings scheduled with top executives from Taiwan Semiconductor Manufacturing Company (TSMC), the silicon foundry that makes Nvidia’s chips. Separately, US tech media outlet... https://www.scmp.com/tech/big-tech/article/3322801/tech-war-nvidia-ceo-surprised-beijings-move-question-security-h20-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322801/tech-war-nvidia-ceo-surprised-beijings-move-question-security-h20-ai-chips?utm_source=rss_feed Fri, 22 Aug 2025 10:00:23 +0000 Hannah Wang Hannah Wang China Communication Services, the country’s leading telecommunications infrastructure contractor, said a wave of artificial intelligence projects is now driving digital transformation in thousands of industries and providing a boost to the company’s three major business segments. Beijing-based China Comservice, a subsidiary of China Telecom, made that assessment on Thursday as the firm reported its latest financial results, which showed growth in both revenue and net profit in the first six... https://www.scmp.com/tech/big-tech/article/3322692/china-telecom-subsidiary-says-ai-wave-drives-steady-growth-digital-services-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322692/china-telecom-subsidiary-says-ai-wave-drives-steady-growth-digital-services-market?utm_source=rss_feed Thu, 21 Aug 2025 11:41:11 +0000 Hannah Wang Hannah Wang The Chinese video game studio behind the global hit Black Myth: Wukong, which played a role in shifting Beijing’s attitude on the gaming industry, has begun developing a new title featuring a Taoist ghost hunter from Chinese folklore. Hangzhou-based Game Science, whose Wukong featured the Monkey King from the classic Chinese novel Journey to the West, said it had started developing a follow-up title called Black Myth: Zhong Kui. The announcement was made at Gamescom 2025 in Cologne,... https://www.scmp.com/tech/tech-trends/article/3322535/chinese-studio-behind-black-myth-wukong-plans-new-game-featuring-taoist-ghost-hunter?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322535/chinese-studio-behind-black-myth-wukong-plans-new-game-featuring-taoist-ghost-hunter?utm_source=rss_feed Wed, 20 Aug 2025 11:00:12 +0000 Hannah Wang Hannah Wang China’s five leading Android-system smartphone brands – Honor, Lenovo, Oppo, Vivo and Xiaomi – have formed a platform to promote a new privacy permission system, marking a key step towards standardising privacy protection among Android users in the artificial intelligence era. As Chinese smartphone makers rush to equip AI features, the issue of user data collection has become the focus of debate. The initiative by the five brands aims to strike a balance between privacy protection and user data... https://www.scmp.com/tech/tech-trends/article/3322486/chinas-android-phone-makers-promote-new-privacy-permission-platform-protect-user-data?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322486/chinas-android-phone-makers-promote-new-privacy-permission-platform-protect-user-data?utm_source=rss_feed Wed, 20 Aug 2025 10:00:15 +0000 Hannah Wang Hannah Wang Alibaba Group Holding and its fintech affiliate Ant Group, both co-founded by Jack Ma, have joined forces to create an army of delivery service workers to defeat Meituan in the instant commerce market. A total of 22 businesses operated by Alibaba and Ant, including domestic online marketplaces Taobao and Tmall, Ant’s Alipay payment service and Alibaba Cloud, have pledged to improve the conditions of millions of delivery riders. Alibaba owns the South China Morning Post. Alibaba’s move to pool... https://www.scmp.com/tech/big-tech/article/3322369/alibaba-ant-combine-forces-take-meituan-chinas-instant-commerce-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322369/alibaba-ant-combine-forces-take-meituan-chinas-instant-commerce-market?utm_source=rss_feed Tue, 19 Aug 2025 12:00:08 +0000 Hannah Wang Hannah Wang An AI start-up backed by the Chinese Academy of Sciences’ Institute of Automation is seeking to promote its artificial intelligence offerings outside the mainland under a strategic partnership with Cherrypicks, the firm behind Hong Kong’s Covid-19 tracking app. Beijing-based Zhongke WengAI, whose services are used by various Chinese ministries and state media outlets, will also jointly develop with Cherrypicks – owned by Hong Kong-listed NetDragon Websoft – enterprise AI solutions for industries... https://www.scmp.com/tech/tech-trends/article/3322029/chinese-start-joins-netdragon-owned-cherrypicks-push-ai-solutions-overseas?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322029/chinese-start-joins-netdragon-owned-cherrypicks-push-ai-solutions-overseas?utm_source=rss_feed Fri, 15 Aug 2025 23:00:09 +0000 Hannah Wang Hannah Wang Chinese chip equipment maker Beijing E-Town Semiconductor Technology has slapped US rival Applied Materials with a lawsuit over a trade secret infringement, demanding 99.99 million yuan (US$14 million) as compensation. Applied Materials “illegally obtained and used the company’s core technology secrets” related to proprietary wafer surface treatment technology, according to Beijing E-Town’s filing on Wednesday to the Shanghai Stock Exchange. The Chinese firm accused Applied Materials of applying... https://www.scmp.com/tech/tech-war/article/3321890/beijing-e-town-semiconductor-sues-applied-materials-over-trade-secret-infringement?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3321890/beijing-e-town-semiconductor-sues-applied-materials-over-trade-secret-infringement?utm_source=rss_feed Thu, 14 Aug 2025 12:00:21 +0000 Hannah Wang,Ann Cao Hannah Wang,Ann Cao Tencent Holdings’ second-quarter earnings beat analysts’ forecasts, as revenue from artificial intelligence (AI) boosted the bottom line of the world’s largest video games publisher and operator of the Chinese super app WeChat. Net profit rose 16 per cent to 56 billion yuan (US$7.81 billion) in the three months that ended in June, according to global accounting standards. Sales increased for the 11th quarter, jumping 15 per cent to 184.5 billion yuan and beating the consensus estimate of 19... https://www.scmp.com/tech/big-tech/article/3321738/tencents-2nd-quarter-sales-profit-top-forecasts-ai-gives-chinas-tech-giant-leg?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3321738/tencents-2nd-quarter-sales-profit-top-forecasts-ai-gives-chinas-tech-giant-leg?utm_source=rss_feed Wed, 13 Aug 2025 09:49:11 +0000 Julie Zhang,Hannah Wang Julie Zhang,Hannah Wang Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a recovery in the city’s luxury housing market that offset weaker demand in its mainland China operations. Profit attributable to equity shareholders came in at HK$535 million (US$68.2 million), reversing a HK$2.64 billion loss a year earlier, according to a filing to the Hong Kong stock exchange on Tuesday. Underlying net profit, a reflection of the company’s business operations... https://www.scmp.com/business/banking-finance/article/3321559/wharf-posts-first-half-profit-hong-kong-luxury-property-market-offsets-mainland-woes?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321559/wharf-posts-first-half-profit-hong-kong-luxury-property-market-offsets-mainland-woes?utm_source=rss_feed Tue, 12 Aug 2025 07:33:57 +0000 Hannah Wang Hannah Wang Hong Kong can help European companies tap promising markets in Asia, particularly mainland China, by leveraging the city’s unique advantages and its booming financial market, according to two firms that are using bases of operations in the city to further expand in the region. Italian-owned food importer and distributor Bright View and French fintech firm Libertify are using Hong Kong as a springboard to reach opportunities in mainland China, elsewhere in Asia and further abroad, with the help... https://www.scmp.com/business/companies/article/3321481/european-firms-tout-hong-kong-springboard-expansion-mainland-china-asia?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321481/european-firms-tout-hong-kong-springboard-expansion-mainland-china-asia?utm_source=rss_feed Mon, 11 Aug 2025 23:00:14 +0000 Hannah Wang Hannah Wang China opened what is touted as the world’s first full-service store dedicated to humanoid robots during the 2025 World Robot Conference (WRC) in Beijing on Friday, showcasing the latest consumer products and services from some of the nation’s leading manufacturers. Inspired by the 4S model used in car dealerships, the Robot Mall in Beijing’s E-Town integrates the core functions of sales, service, spare parts and surveys. It features more than 50 products from over 40 brands, including Chinese... https://www.scmp.com/tech/article/3321212/humanoid-haven-chinas-robot-store-showcases-home-grown-products-amid-government-push?utm_source=rss_feed https://www.scmp.com/tech/article/3321212/humanoid-haven-chinas-robot-store-showcases-home-grown-products-amid-government-push?utm_source=rss_feed Fri, 08 Aug 2025 09:00:07 +0000 Hannah Wang Hannah Wang Chinese brain-computer interface (BCI) companies, such as Nanjing Panda Electronics and MicroPort NeuroScientific, are benefiting from supportive policies, as the country vows to develop “two or three” global players in the sector by 2030 to compete with US entrepreneur Elon Musk’s Neuralink. In a document released on July 30 by seven ministries, including the Ministry of Industry and Information Technology, China outlined its goal to achieve breakthroughs in key BCI technologies by 2027. The... https://www.scmp.com/tech/tech-trends/article/3321123/china-aims-its-brain-computer-interface-firms-rival-elon-musks-neuralink?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3321123/china-aims-its-brain-computer-interface-firms-rival-elon-musks-neuralink?utm_source=rss_feed Thu, 07 Aug 2025 13:00:11 +0000 Hannah Wang Hannah Wang E-commerce giant JD.com will serve as the “exclusive global strategic partner” of the 2025 World Robot Conference in Beijing, as the event marks its 10th anniversary this month amid the rapid development of China’s robotics industry. At the conference, which will run from Friday to Tuesday, JD.com would announce “a major strategic plan to promote the development of the robotics industry and further deepen strategic cooperation with intelligent robot brands”, the company said in a statement on... https://www.scmp.com/tech/big-tech/article/3320990/world-robotics-conference-china-marks-10th-year-jdcom-strategic-partner?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320990/world-robotics-conference-china-marks-10th-year-jdcom-strategic-partner?utm_source=rss_feed Wed, 06 Aug 2025 23:00:11 +0000 Hannah Wang Hannah Wang Alibaba Group Holding’s research arm Damo Academy and Beijing United Family Hospital (BJU), the flagship facility of the private United Family Healthcare network in mainland China, have formed a strategic partnership to use AI in complicated cancer diagnosis and treatment. The collaboration will leverage Damo Academy’s medical artificial intelligence system, called “One Sweep Multi-Check”, as part of efforts to offer multi-disease AI screening services to the public, according to Monday’s... https://www.scmp.com/tech/big-tech/article/3320795/alibaba-beijing-united-family-hospital-partner-use-ai-cancer-diagnosis-treatment?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320795/alibaba-beijing-united-family-hospital-partner-use-ai-cancer-diagnosis-treatment?utm_source=rss_feed Tue, 05 Aug 2025 09:00:07 +0000 Hannah Wang Hannah Wang CLP Holdings, one of Hong Kong’s two power utility companies, said it saw growth opportunities in a proposed industrial park in Tuen Mun, as it reported a decline in first-half net profit on Monday. In July, the city’s government proposed reserving 301 hectares of land in Tuen Mun for industrial development, including 145 hectares of reclamation in Lung Kwu Tan and 45 hectares in Tuen Mun West, as well as 111 hectares of replanned space. The area to be reclaimed is equivalent to 10 Victoria... https://www.scmp.com/business/commodities/article/3320715/clp-holdings-sees-growth-potential-tuen-mun-industrial-park-first-half-profit-falls?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3320715/clp-holdings-sees-growth-potential-tuen-mun-industrial-park-first-half-profit-falls?utm_source=rss_feed Mon, 04 Aug 2025 12:00:06 +0000 Hannah Wang Hannah Wang A Shanghai court sentenced 14 former Huawei Technologies employees to jail for stealing chip-related business secrets from the company, the state-owned Securities Times newspaper reported on Saturday. According to the report, the Shanghai Third Intermediate People’s Court on July 28 sentenced 14 employees of Zunpai Communication Technology, a start-up founded by engineers from Huawei’s chip development unit HiSilicon, to jail terms of up to six years on top of financial penalties. The court has... https://www.scmp.com/business/china-business/article/3320657/ex-huawei-employees-sentenced-jail-stealing-semiconductor-related-secrets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320657/ex-huawei-employees-sentenced-jail-stealing-semiconductor-related-secrets?utm_source=rss_feed Mon, 04 Aug 2025 09:00:21 +0000 Hannah Wang Hannah Wang DJI, the world’s biggest maker of consumer drones, this week introduced the company’s latest flagship 8K panoramic video camera, the Osmo 360 – its first entry in the 360-degree imaging market. Shenzhen-based DJI’s latest camera, which was on the hot search list of the Chinese social media platform Weibo as of Friday, marks the firm’s major push into the broader photography market, where it competes against vendors like omnidirectional camera specialist Insta360. “The launch of the Osmo 360 is a... https://www.scmp.com/tech/big-tech/article/3320462/chinese-drone-giant-dji-launches-its-first-entry-360-degree-camera-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320462/chinese-drone-giant-dji-launches-its-first-entry-360-degree-camera-market?utm_source=rss_feed Fri, 01 Aug 2025 11:30:08 +0000 Hannah Wang Hannah Wang Hong Kong-based OSL Group, the city’s first listed and licensed virtual-asset trading platform, sees optimism rise in the local market as the stablecoin law comes into effect this Friday. That assessment was made by Gary Tiu, executive director and head of regulatory affairs at OSL, at a symposium on Thursday about Hong Kong’s stablecoin era. The Hong Kong Monetary Authority (HKMA) is likely to issue the first batch of stablecoin licences early next year, as the city’s de facto central bank... https://www.scmp.com/tech/blockchain/article/3320328/hong-kong-crypto-exchange-osl-sees-optimism-rise-city-enters-stablecoin-era?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3320328/hong-kong-crypto-exchange-osl-sees-optimism-rise-city-enters-stablecoin-era?utm_source=rss_feed Thu, 31 Jul 2025 13:35:22 +0000 Hannah Wang Hannah Wang A research paper co-authored by Liang Wenfeng, founder of Chinese artificial intelligence start-up DeepSeek, was honoured with the best paper award at the Association for Computational Linguistics (ACL) conference in Vienna, Austria, widely recognised as the premier global conference for AI researchers. The paper, titled “Native Sparse Attention: Hardware-Aligned and Natively Trainable Sparse Attention,” was published on February 27, with Liang listed as one of 15 authors. The “native sparse... https://www.scmp.com/tech/big-tech/article/3320255/deepseek-founder-shares-best-paper-award-top-global-ai-research-conference?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320255/deepseek-founder-shares-best-paper-award-top-global-ai-research-conference?utm_source=rss_feed Thu, 31 Jul 2025 10:00:17 +0000 Hannah Wang Hannah Wang ByteDance’s Douyin, the Chinese counterpart of TikTok, is set to heat up competition in China’s instant commerce sector against Alibaba Group Holding, JD.com and Meituan with the merger of its online shopping platform and instant delivery service, according to a report by Chinese tech news website 36Kr on Wednesday. Douyin Supermarket, akin to TikTok Shop, is integrating with Douyin Hourly Delivery, which leverages precise mapping and location services to ensure rapid deliveries to consumers,... https://www.scmp.com/tech/big-tech/article/3320146/bytedances-douyin-takes-alibaba-meituan-and-jdcom-chinas-instant-delivery-race?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320146/bytedances-douyin-takes-alibaba-meituan-and-jdcom-chinas-instant-delivery-race?utm_source=rss_feed Wed, 30 Jul 2025 23:00:09 +0000 Hannah Wang Hannah Wang China’s geriatric healthcare industry is projected to be worth 963 billion yuan (US$134 billion) over the next decade, as an expanding middle class amid a rapidly ageing population increases the need and willingness to spend, according to a report by Goldman Sachs. Wealthy Chinese consumers were likely to spend three times more than their peers on post-retirement healthcare over the next decade, the US bank said in a report published on Monday, a trend that augurs well for the growth of the... https://www.scmp.com/business/china-business/article/3320110/silver-yuan-chinas-geriatric-healthcare-us134-billion-market-2035-goldman-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320110/silver-yuan-chinas-geriatric-healthcare-us134-billion-market-2035-goldman-says?utm_source=rss_feed Wed, 30 Jul 2025 08:30:16 +0000 Hannah Wang Hannah Wang Chinese official media reported details of a crackdown on a money-laundering operation involving cryptocurrencies, shedding light on the mainland’s underground crypto landscape and increased efforts by authorities to seize crypto assets. According to a report last week by the People’s Daily, which cited the Beijing Haidian People’s Procuratorate’s ruling, a former executive surnamed Feng embezzled 140 million yuan (US$19.5 million) from his employer, a tech firm. He then used eight overseas... https://www.scmp.com/tech/blockchain/article/3319982/china-convicts-crypto-money-launderers-who-embezzled-us20-million-beijing-tech-firm?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3319982/china-convicts-crypto-money-launderers-who-embezzled-us20-million-beijing-tech-firm?utm_source=rss_feed Tue, 29 Jul 2025 12:00:07 +0000 Hannah Wang Hannah Wang ASMPT, a Singapore-based semiconductor equipment manufacturer listed in Hong Kong, sees steady long-term growth for the company, as the roll-out of more data centres spurs greater demand for artificial intelligence (AI) chips. “AI tailwinds are driving strong demand across both advanced packaging [AP] and mainstream businesses, and we achieved better-than-expected bookings for the first half of 2025,” CEO Robin Ng said on Wednesday, as the company reported its interim financial results. ASMPT, a... https://www.scmp.com/tech/tech-trends/article/3319318/singaporean-chip-equipment-maker-asmpt-sees-steady-growth-behind-ai-infrastructure-boom?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3319318/singaporean-chip-equipment-maker-asmpt-sees-steady-growth-behind-ai-infrastructure-boom?utm_source=rss_feed Wed, 23 Jul 2025 11:55:02 +0000 Hannah Wang Hannah Wang The Hong Kong Science and Technology Parks Corp (HKSTP) has appointed Terry Wong Ping-sau as CEO, refreshing its top spot after nine years to drive the organisation forward amid advances in technology. Wong be replacing Albert Wong Hak-keung on August 1, the company said in a statement on Monday. He will bring 30 years of global executive leadership, having held senior management roles across Asia-Pacific, the Middle East, Europe and the US, it added. Most recently, he led the regional and urban... https://www.scmp.com/business/article/3319008/hong-kong-science-parks-owner-appoints-new-ceo-first-top-executive-change-2016?utm_source=rss_feed https://www.scmp.com/business/article/3319008/hong-kong-science-parks-owner-appoints-new-ceo-first-top-executive-change-2016?utm_source=rss_feed Mon, 21 Jul 2025 09:00:15 +0000 Hannah Wang,Julie Zhang Hannah Wang,Julie Zhang UK-based start-up Barocal, which specialises in energy storage and conversion, won the US$1 million top prize at this year’s TERA-Award, created by Hong Kong tycoon Peter Lee Ka-kit. Lee is on a mission to discover unicorns in green energy development and innovation through his platform, aiming to tackle one of the world’s most pressing challenges: climate change. Now in its fourth year, the TERA-Award, established by Lee’s family office, Full Vision Capital, received a record 785... https://www.scmp.com/business/banking-finance/article/3318750/uk-start-barocal-wins-us1-million-tera-award-green-energy-innovation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318750/uk-start-barocal-wins-us1-million-tera-award-green-energy-innovation?utm_source=rss_feed Fri, 18 Jul 2025 23:30:08 +0000 Hannah Wang Hannah Wang Alibaba Group Holding will roll out a programme called “Super Saturdays” over the next 100 days to lure more consumers to its platform, while escalating a price war against Meituan and JD.com in the mainland’s on-demand delivery services market. Under Alibaba’s instant commerce brand Taobao Shangou, “Super Saturdays” would offer consumers up to 188 yuan (US$26) in subsidies for the purchase and delivery of low-cost goods such as milk tea and breakfast meals, according to a report by state-owned... https://www.scmp.com/tech/big-tech/article/3318322/alibaba-roll-out-super-saturdays-event-chinas-demand-delivery-market-heats?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318322/alibaba-roll-out-super-saturdays-event-chinas-demand-delivery-market-heats?utm_source=rss_feed Tue, 15 Jul 2025 14:00:14 +0000 Hannah Wang Hannah Wang Alibaba Group Holding tied its own record of 80 million on-demand deliveries on Saturday, the e-commerce giant reported on Monday, as it wages an all-out battle against rivals Meituan and JD.com in China’s quick-delivery market – with freebies and eye-popping discounts as the ammunition. Alibaba’s new instant commerce brand Taobao Shangou said its daily active users last week jumped 15 per cent from the previous week, which would put number at around 230 million, though the company did not... https://www.scmp.com/tech/big-tech/article/3318125/alibaba-delivers-80-million-orders-1-day-amid-fierce-price-war-meituan-jdcom?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318125/alibaba-delivers-80-million-orders-1-day-amid-fierce-price-war-meituan-jdcom?utm_source=rss_feed Mon, 14 Jul 2025 07:00:25 +0000 Danielle Popov,Hannah Wang Danielle Popov,Hannah Wang Chinese manufacturers of power banks – the ubiquitous portable batteries used by travellers to charge smartphones, tablets and laptops – are under increased public scrutiny, following a spate of incidents in which defective units were found to have caught fire during commercial flights. That prompted the Civil Aviation Administration of China (CAAC) to impose an emergency ban on air passengers carrying substandard power banks, a safety precaution that went into effect on June 28. Portable... https://www.scmp.com/tech/tech-trends/article/3317936/no-fly-zone-what-brought-about-chinas-largest-power-bank-scandal?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3317936/no-fly-zone-what-brought-about-chinas-largest-power-bank-scandal?utm_source=rss_feed Sat, 12 Jul 2025 02:30:07 +0000 Hannah Wang Hannah Wang The team behind Chinese general-purpose artificial intelligence (AI) agent Manus has relocated its headquarters to Singapore, stoking speculation that the move was aimed at facilitating easier access to Nvidia chips amid US export controls to China. “This company right now is headquartered in Singapore,” Manus AI co-founder and chief product officer Zhang Tao revealed during a keynote session at the SuperAI conference in Singapore on June 18. He added that the firm also had offices in Tokyo and... https://www.scmp.com/tech/tech-trends/article/3317568/chinese-firm-behind-ai-agent-manus-relocates-singapore-amid-us-chip-curbs?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3317568/chinese-firm-behind-ai-agent-manus-relocates-singapore-amid-us-chip-curbs?utm_source=rss_feed Wed, 09 Jul 2025 11:30:07 +0000 Karen Chiu,Hannah Wang,Sam Phillips Karen Chiu,Hannah Wang,Sam Phillips Climate change could disrupt a third of the world’s semiconductor supply by 2035, as severe drought threatens the mining of copper – a critical material used in chip production – according to a new report from PwC released on Tuesday. The extraction of copper, essential for building the microscopic wires found on semiconductor circuits, requires substantial water resources. About 1,600 litres (423 gallons) of water were needed to obtain just 19kg of copper, the report said, citing data from the... https://www.scmp.com/tech/tech-trends/article/3317237/third-global-chip-supply-threatened-climate-change-and-drought-2035-pwc?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3317237/third-global-chip-supply-threatened-climate-change-and-drought-2035-pwc?utm_source=rss_feed Tue, 08 Jul 2025 06:00:14 +0000 Danielle Popov,Hannah Wang Danielle Popov,Hannah Wang Hong Kong’s ambition to create an artificial intelligence (AI) ecosystem is bearing fruit, with more than 90 per cent of the city’s flagship supercomputing centre at Cyberport now in use, according to officials. The AI Supercomputing Centre, which began operations in December, is a cornerstone of the government’s strategy to foster a vibrant local AI ecosystem. Authorities have earmarked HK$3 billion (US$418.6 million) in subsidies to support AI model development and applications. Cyberport said... https://www.scmp.com/news/china-future-tech/ai/article/3317025/more-90-hong-kongs-ai-supercomputing-capacity-use-cyberport-says?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/ai/article/3317025/more-90-hong-kongs-ai-supercomputing-capacity-use-cyberport-says?utm_source=rss_feed Fri, 04 Jul 2025 13:00:10 +0000 Hannah Wang Hannah Wang HSBC is launching a new education series to equip Hong Kong’s small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations. The city’s largest lender said the account fitness initiative would help SMEs effectively manage and maintain healthy accounts. “Many entrepreneurs of SMEs do not yet know how to take good care of their bank accounts,” said Frank Fang, head of commercial banking for HSBC Hong Kong and Macau, on Friday. “Therefore, it is necessary... https://www.scmp.com/business/banking-finance/article/3317009/hsbc-offers-hong-kong-smes-helping-hand-amid-tariff-turmoil?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317009/hsbc-offers-hong-kong-smes-helping-hand-amid-tariff-turmoil?utm_source=rss_feed Fri, 04 Jul 2025 11:00:07 +0000 Hannah Wang Hannah Wang A Hangzhou-based artificial intelligence (AI) start-up specialising in enterprise AI agents has secured over 100 million yuan (US$14 million) from investors led by Alibaba Group Holding’s cloud unit, as Chinese companies strive to leverage the technology to raise business efficiency. BetterYeah AI, a prominent player in China’s enterprise AI sector founded by former Alibaba executives, said on Wednesday it had completed its latest financing round with contributions from Alibaba Cloud and venture... https://www.scmp.com/tech/big-tech/article/3316819/alibaba-leads-us14-million-funding-round-chinese-corporate-ai-agent-start?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3316819/alibaba-leads-us14-million-funding-round-chinese-corporate-ai-agent-start?utm_source=rss_feed Thu, 03 Jul 2025 10:00:29 +0000 Hannah Wang Hannah Wang A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to... https://www.scmp.com/tech/blockchain/article/3316683/chinese-digital-yuan-partner-signs-deal-hong-kong-firm-develop-stablecoin-tech?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3316683/chinese-digital-yuan-partner-signs-deal-hong-kong-firm-develop-stablecoin-tech?utm_source=rss_feed Wed, 02 Jul 2025 23:00:09 +0000 Hannah Wang Hannah Wang Hong Kong needs more professionals focused on cybersecurity due to persistent threats and a limited talent pool, according to a recent report from the Hong Kong China Network Security Association. The group said demand for cybersecurity professionals in Hong Kong was expected to grow steadily over the next three to five years, with a particular focus on skills related to cloud and artificial intelligence (AI) security. The report said attackers, armed with AI, drove the number of security... https://www.scmp.com/business/article/3316397/hong-kong-needs-more-cybersecurity-professionals-threats-increase-report?utm_source=rss_feed https://www.scmp.com/business/article/3316397/hong-kong-needs-more-cybersecurity-professionals-threats-increase-report?utm_source=rss_feed Tue, 01 Jul 2025 06:00:14 +0000 Hannah Wang Hannah Wang OpenAI said its analysts found that Chinese artificial intelligence (AI) start-up Zhipu AI had made “notable progress” in providing infrastructure solutions to governments and state-owned firms in non-Western markets, as Beijing seeks to strengthen its global leadership in the rapidly evolving technology. In a post on Wednesday, the ChatGPT maker, which has previously urged Washington to support US companies in their competition with Chinese rivals, said Zhipu represented “China’s answer” to... https://www.scmp.com/tech/tech-trends/article/3315911/openai-says-zhipu-ai-accelerates-chinas-global-efforts-challenge-us-tech-dominance?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3315911/openai-says-zhipu-ai-accelerates-chinas-global-efforts-challenge-us-tech-dominance?utm_source=rss_feed Thu, 26 Jun 2025 09:01:07 +0000 Hannah Wang Hannah Wang China’s largest online recruitment platform Kanzhun, also known as Boss Zhipin, said on Wednesday it had issued 30 million new class A ordinary shares in Hong Kong, the company’s first public fundraising in the city since its dual primary listing in December 2022. The offering, aimed at enhancing the company’s financial flexibility and strengthening its liquidity, is expected to raise up to HK$2.26 billion (US$288 million). The maximum issue price per share was HK$78, representing a premium of... https://www.scmp.com/business/companies/article/3315810/boss-zhipin-taps-buoyant-hong-kong-market-us288-million-share-offering?utm_source=rss_feed https://www.scmp.com/business/companies/article/3315810/boss-zhipin-taps-buoyant-hong-kong-market-us288-million-share-offering?utm_source=rss_feed Wed, 25 Jun 2025 11:00:15 +0000 Hannah Wang Hannah Wang Hong Kong beverage company Vitasoy International Holdings on Tuesday reported a doubling of its full-year net profit, driven by rising demand for its products in mainland China. Vitasoy’s net profit jumped 102 per cent from a year earlier to HK$235 million (US$29.9 million) for the year ended March 31. Revenue came in at HK$6.27 billion, practically unchanged from HK$6.21 billion a year earlier. Vitasoy’s mainland operations contributed more than half of the revenue at HK$3.36 billion, while... https://www.scmp.com/business/companies/article/3315675/hong-kong-drink-maker-vitasoys-profit-doubles-us30-million-china-demand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3315675/hong-kong-drink-maker-vitasoys-profit-doubles-us30-million-china-demand?utm_source=rss_feed Tue, 24 Jun 2025 11:00:06 +0000 Aileen Chuang,Hannah Wang Aileen Chuang,Hannah Wang Saudia Cargo, the national air cargo carrier of Saudi Arabia, is tapping into diverse sectors in China and Asia, including e-commerce, agriculture and technology, through the launch of a new venture in Hong Kong and a planned capacity expansion. “China specifically, and the Far East in general, as a critical trade market to Saudi Arabia, will play a critical role in supporting Saudi Vision 2030 goals, and hence expanding our operations here just comes naturally,” CEO and managing director Loay... https://www.scmp.com/business/companies/article/3315481/growing-china-trade-prompts-hong-kong-joint-venture-saudi-cargo-carrier?utm_source=rss_feed https://www.scmp.com/business/companies/article/3315481/growing-china-trade-prompts-hong-kong-joint-venture-saudi-cargo-carrier?utm_source=rss_feed Mon, 23 Jun 2025 08:30:35 +0000 Hannah Wang Hannah Wang Unitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from some of the country’s biggest tech companies amid excitement surrounding this sector. The Hangzhou-based company, founded by Wang Xingxing, was valued at over 10 billion yuan (US$1.3 billion), according to investors and local media reports. Notable backers in the latest funding round included ByteDance-linked Jinqiu Capital, Alibaba Group Holding and... https://www.scmp.com/tech/big-tech/article/3315225/unitree-robotics-reaches-unicorn-status-bytedance-alibaba-tencent-funding?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315225/unitree-robotics-reaches-unicorn-status-bytedance-alibaba-tencent-funding?utm_source=rss_feed Fri, 20 Jun 2025 09:00:15 +0000 Hannah Wang Hannah Wang Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding’s Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data. Meituan did not comment on the report. If confirmed, it would show the challenges Meituan’s rivals face in changing consumer habits, after a price... https://www.scmp.com/tech/big-tech/article/3315095/meituans-food-delivery-market-dominance-china-remains-stable-70-report-says?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315095/meituans-food-delivery-market-dominance-china-remains-stable-70-report-says?utm_source=rss_feed Thu, 19 Jun 2025 11:00:08 +0000 Hannah Wang Hannah Wang Alibaba Cloud, the cloud computing and artificial intelligence (AI) unit of Alibaba Group Holding, is set to launch its second data centre in South Korea to address growing demand driven by the rapid development of generative AI. The company said on Thursday that the new centre would be operational by the end of June, representing a significant step in its international expansion. Alibaba owns the South China Morning Post. “In line with the rapid advancement of AI-based technologies and... https://www.scmp.com/tech/big-tech/article/3315061/alibaba-cloud-open-second-data-centre-south-korea-ai-demand-rises?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315061/alibaba-cloud-open-second-data-centre-south-korea-ai-demand-rises?utm_source=rss_feed Thu, 19 Jun 2025 09:00:14 +0000 Hannah Wang Hannah Wang Li Xiangang, a leading Chinese scientist in speech recognition, has joined Alibaba Group Holding to spearhead its artificial intelligence (AI) voice team, boosting the tech giant’s capabilities in the burgeoning field. Sources familiar with the matter said Li, who holds a PhD in Computer and Information Sciences from Peking University, had taken on a role leading speech AI research at the Hangzhou-based e-commerce giant. He fills a position previously held by Yan Zhijie, who left the... https://www.scmp.com/tech/big-tech/article/3314917/alibaba-recruits-top-chinese-ai-scientist-li-xiangang-lead-speech-recognition-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3314917/alibaba-recruits-top-chinese-ai-scientist-li-xiangang-lead-speech-recognition-push?utm_source=rss_feed Wed, 18 Jun 2025 09:03:52 +0000 Hannah Wang Hannah Wang Hangzhou-based Unitree Robotics, a rising star in China’s booming robotics industry, has increased its registered capital from 2.6 million yuan to 2.9 million yuan (US$400,000), a move that could signal preparations for a new fundraising round. The company fuelled speculation about a potential initial public offering (IPO) in May when it transitioned from a limited liability company to a joint-stock company. According to Chinese corporate database Tianyancha, this restructuring allowed Unitree... https://www.scmp.com/tech/big-tech/article/3314788/unitree-robotics-boosts-capital-base-paving-way-new-fundraising-round?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3314788/unitree-robotics-boosts-capital-base-paving-way-new-fundraising-round?utm_source=rss_feed Tue, 17 Jun 2025 11:00:13 +0000 Hannah Wang Hannah Wang China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday. China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not... https://www.scmp.com/tech/policy/article/3314611/chinas-robotics-market-set-double-2024-2028-morgan-stanley?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3314611/chinas-robotics-market-set-double-2024-2028-morgan-stanley?utm_source=rss_feed Mon, 16 Jun 2025 11:00:15 +0000 Hannah Wang Hannah Wang Wang Ruoshuo, a 21-year-old student from Hefei, the capital of central Anhui province, is searching for a flat in Hung Hom in southern Kowloon, which is close to her university and the company where she interns. As a first-time renter, however, she has been taken aback by the high prices. Wang and her friends are looking for a two-bedroom unit, budgeting about HK$7,000 to HK$8,000 (US$892 to US$1,019) per person. “But when we began our search, we found that properties meeting our criteria would... https://www.scmp.com/business/article/3314391/hong-kong-rent-surges-demand-mainland-chinese-students-professionals-soar?utm_source=rss_feed https://www.scmp.com/business/article/3314391/hong-kong-rent-surges-demand-mainland-chinese-students-professionals-soar?utm_source=rss_feed Sun, 15 Jun 2025 02:30:07 +0000 Hannah Wang Hannah Wang Jobs requiring artificial intelligence (AI) skills are on the rise in Hong Kong as more businesses find practical use for the technology, but rather than replacing human ingenuity, AI is being combined with it to deliver productivity gains, according to PwC. The proportion of job postings in Hong Kong seeking AI skills rose to 1.9 per cent in 2024 from 1.6 per cent in 2021, according to the consultancy’s “Global AI Jobs Barometer” report published on Friday. In the information and communications... https://www.scmp.com/business/companies/article/3314317/hong-kong-and-globally-ai-not-job-and-wage-killer-pwc-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3314317/hong-kong-and-globally-ai-not-job-and-wage-killer-pwc-says?utm_source=rss_feed Fri, 13 Jun 2025 09:00:21 +0000 Daniel Ren,Hannah Wang,Cao Li Daniel Ren,Hannah Wang,Cao Li Chinese electric vehicle (EV) maker Xpeng aims to start offering Hong Kong consumers smart cars featuring semi-autonomous driving systems next year as it gears up to take on Tesla’s FSD (Full Self-Driving) feature outside mainland China. He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added... https://www.scmp.com/business/china-business/article/3314192/chinese-ev-maker-xpeng-peers-look-win-over-hongkongers-power-global-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314192/chinese-ev-maker-xpeng-peers-look-win-over-hongkongers-power-global-push?utm_source=rss_feed Thu, 12 Jun 2025 12:37:29 +0000 Hannah Wang Hannah Wang Mainland Chinese consumers were left unimpressed by Apple’s most sweeping software redesign in its history, according to domestic social media posts on Tuesday, at a time when the US technology giant faces growing headwinds in the world’s largest smartphone market. Apple on Monday previewed a new software interface design, called Liquid Glass, during the company’s annual Worldwide Developers Conference held at its US headquarters in Cupertino, California. For the very first time, the new design... https://www.scmp.com/tech/big-tech/article/3313888/apples-most-sweeping-software-redesign-disappoints-mainland-chinese-consumers?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3313888/apples-most-sweeping-software-redesign-disappoints-mainland-chinese-consumers?utm_source=rss_feed Tue, 10 Jun 2025 13:00:13 +0000 Hannah Wang Hannah Wang Chinese social media platform RedNote has open-sourced its first large language model (LLM), joining a growing list of Big Tech firms looking to stake a claim in the artificial intelligence (AI) market, as the Shanghai-based company tries to leverage its growing international profile for new growth. The company on Friday unveiled its dots.llm1 model, a mixture-of-experts system that activates 14 billion parameters out of a total of 142 billion when responding to queries, a design that aims to... https://www.scmp.com/tech/big-tech/article/3313612/rednote-joins-ai-race-its-own-open-source-model-it-says-bests-alibaba-deepseek?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3313612/rednote-joins-ai-race-its-own-open-source-model-it-says-bests-alibaba-deepseek?utm_source=rss_feed Mon, 09 Jun 2025 06:00:18 +0000