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Visitors at Xpeng’s booth at the Hong Kong International Automotive and Supply Chain Expo on Thursday. Photo: Eugene Lee
Automotive industry

Hong Kong to allow drones with higher payloads to boost low-altitude economy

Laws and regulations are being amended to promote the development of the low-altitude economy, deputy financial secretary says.

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Bitcoin

Bitcoin, other cryptocurrencies sink after Israel air strikes on Iran

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US-China tech war

Huawei’s AI chip output limited to 200,000 in 2025, US commerce official says

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Huawei

‘Watershed moment’: how Huawei’s HarmonyOS flourished in China amid US sanctions

Nearly half of smartphones and tablets running the Chinese tech giant’s Android alternative were shipped in 2024.

Huawei launched its latest HarmonyOS devices, the Pura 80 series smartphones, on June 11. Photo: Reuters
Huawei launched its latest HarmonyOS devices, the Pura 80 series smartphones, on June 11. Photo: Reuters
Apple

Apple is shipping nearly all of its India-made iPhones to the US

From March to May, Foxconn exported iPhones worth US$3.2 billion from India, with an average of 97 per cent shipped to the US.

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ByteDance

TikTok’s sister app Douyin courts merchants with lower deposit fees

The zero-deposit policy expands a pilot programme that started in February, initially covering stores that sold certain types of goods.

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Artificial intelligence

China’s AI race heats up as SenseTime, ByteDance unveil model updates

The two companies are the latest to join DeepSeek, Baidu and Alibaba in enhancing their AI services amid intense market competition.

An ad in Hong Kong for BytePlus, a ByteDance cloud computing platform featuring AI services. Photo: Eugene Lee
An ad in Hong Kong for BytePlus, a ByteDance cloud computing platform featuring AI services. Photo: Eugene Lee
US-China tech war

Nvidia CEO says Huawei has everyone ‘covered’ if US chip ban on China stays

Still, Jensen Huang says his company’s technology remains a generation ahead of those developed by Chinese rivals.

Artificial intelligence

ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

The jewellery firm’s foray into the wearables market reflects a surge of fresh interest in smart eyewear with AI-powered capabilities.

Ant Group

Ant International and Ant Digital to seek stablecoin licences in Hong Kong

The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.

Ant International is one of the largest tech firms yet to announce its intention to issue a stablecoin in Hong Kong. Photo: Ant International
Alibaba

Jack Ma replies to Alibaba employee’s letter lamenting ‘company disease’

The Alibaba founder highlights ‘changes’ in the company’s development as it embarks on an ambitious AI strategy.

The logo of Alibaba is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Photo: AFP
The logo of Alibaba is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Photo: AFP
Blockchain

With early stablecoin law, Hong Kong looks to keep edge as finance hub

Hong Kong is looking to ‘secure a leading role in global payment systems’, one analyst says, as law comes ahead of a similar US stablecoin bill.

Alibaba

Joe Tsai says open-source AI will boost Alibaba’s cloud business

The Chinese tech giant has made substantial investments in AI and cloud computing following a sweeping restructuring initiative.

DJI

DJI launches US$10,000 enterprise drone that can avoid power lines at night

The new Matrice 400 offers a 59-minute flight time, a payload capacity of up to 6kg and a powerful obstacle-sensing system.

DJI’s Matrice 400 enterprise drone flies near a high-voltage transmission tower. Photo: Handout
Artificial intelligence

iFlytek says using local chips in AI models extends development time by 3 months

Liu’s comments show how some Chinese tech companies are determined to improve their AI capabilities without access to Nvidia chips.

Huawei’s Ascend 910 chip is displayed during the 2023 PT Expo China show. Photo: Shutterstock Images
Huawei’s Ascend 910 chip is displayed during the 2023 PT Expo China show. Photo: Shutterstock Images
Made in China 2025

GoPro rival Insta360 eyes global expansion after strong Shanghai IPO

After the Star Market’s biggest debut in a year and a half, executive Max Richter touted the company’s commitment to global markets amid trade tensions.

Artificial intelligence

France’s Mistral launches Europe’s first AI reasoning model

Mistral is considered Europe’s best shot at having a home-grown AI competitor, but has lagged behind in terms of market share and revenue.

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Electric & new energy vehicles

Chinese EV battery maker Eve Energy jumps on Hong Kong IPO bandwagon

The firm joins more than a dozen smart-mobility companies from mainland China aiming to raise funds amid the city’s listing surge.

Eve Energy, based in Huizhou in China’s southern Guangdong province, said the timing of its share sale would hinge on market conditions. Photo: Handout
Eve Energy, based in Huizhou in China’s southern Guangdong province, said the timing of its share sale would hinge on market conditions. Photo: Handout
Semiconductors

Chinese academy launches automated system to speed up chip design

The system, developed by the Chinese Academy of Sciences, uses AI for semiconductor design, dispensing with the need for human developers.

Apple

Apple’s most sweeping software redesign disappoints mainland Chinese consumers

The hashtag ‘iOS26 Ugly’ was microblogging app Weibo’s top-trending topic on Tuesday, as thousands of netizens expressed their discontent.

Semiconductors

A quantum leap: Chinese institute begins photonic chip production

Photonic chips are a critical hardware component for quantum computing and high-speed optical communications.

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The campus of Shanghai JiaoTong University. One of its affiliated institutes has begun production of photonic chips. Photo: AFP
Business of climate change

China’s solar panel makers seek antidote to market ills as glut, price war, tariffs bite

Market players should aim for technological innovation, enabling higher profit margins and sustainable growth, GCL founder Zhu says.

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Workers producing photovoltaic modules for solar panels in a factory in Suqian, Jiangsu province in January 2025. Photo: AFP
Workers producing photovoltaic modules for solar panels in a factory in Suqian, Jiangsu province in January 2025. Photo: AFP
TikTok

TikTok adds 500 UK jobs in expansion as US fate remains uncertain

A new 135,000 sq ft office is set to open in early 2026, as the ByteDance subsidiary expands in Europe amid looming US sell-or-ban deadline.

Huawei

Huawei founder Ren says state-of-the-art chip performance can be achieved

Ren Zhengfei says his firm is just one of many Chinese chipmakers, adding that the US has ‘exaggerated Huawei’s achievements’.

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Robotics

China turns to robots for elderly care with national pilot programme

Amid a demographic crisis, the government is encouraging the use of robots to care for senior citizens in institutional and home settings.

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A senior resident at a nursing home in Shenzhen interacts with a humanoid robot. Photo: Xinhua
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Global Economy

China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

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Illustration: Henry Wong

Policy

Hong Kong plans new AI supercomputing centre to boost tech hub status

Sun Dong, Secretary for Innovation, Technology and Industry, speaks at the VivaTech fair in Paris on Friday. Photo: Xinmei Shen

China Business

Chinese carmaker GAC’s electric-van unit takes aim at European market

Miraco Motor CEO Xiao Ning at the International Automotive & Supply Chain Expo on June 12, 2025. Photo: Handout

Tech War

Huawei’s AI chip output limited to 200,000 in 2025, US commerce official says

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Use of Huawei’s Ascend AI chips “anywhere in the world” could be interpreted as a violation of US export controls, according to new guidance from Washington. Photo: Shutterstock

Companies

In Hong Kong and globally, AI is not a job and wage killer, PwC says

Contrary to expectations, AI is making workers more valuable, productive and able to command higher wage premiums, according to PwC. Photo: Shutterstock
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