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With mobile payments functionality, AI-powered smart glasses are expected to see increased adoption worldwide. Photo: Handout

Big Tech

Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments

The first such payment outside mainland China was recently completed in Hong Kong, using the AlipayHK app and Meizu’s StarV smart glasses.

China subsidies give Alibaba, JD.com sales lift during 618 shopping festival

How Huawei’s AI chips outperform Nvidia’s in running DeepSeek’s R1 model

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Big Tech

Meituan keeps tight grip on 70% of food delivery market in China, report says

Citing internal data, Leiphone.com reported that Meituan’s daily food delivery orders reached 90 million this month.

A staff member takes a bag of ordered food from a Meituan delivery worker during a Starbucks media event in Beijing on January 18, 2022. Photo: Reuters
A staff member takes a bag of ordered food from a Meituan delivery worker during a Starbucks media event in Beijing on January 18, 2022. Photo: Reuters

Tech Trends

Alibaba, Tencent-backed AI unicorn MiniMax eyes Hong Kong listing, report says

MiniMax, a unicorn valued at US$2.5 billion, was in the ‘early stage’ of preparations for the listing, according to news outlet The Paper.

Big Tech

Alibaba Cloud expands in South Korea with second data centre

The company’s AI service clients in South Korea include Naver-backed messaging app Snow and AI solutions provider Univa.

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Tech War

Tariffs see Chinese bitcoin-mining machine makers eye US production

Top manufacturers Bitmain, Canaan and MicroBT are setting up production in the US to counter tariff and geopolitical risks.

Canaan’s bitcoin-mining fleet in West Texas, US. Photo: Handout
Canaan’s bitcoin-mining fleet in West Texas, US. Photo: Handout

China Business

Hong Kong to assess risks before launching yuan-pegged stablecoins

‘We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.

Big Tech

Microsoft plans thousands of job cuts in July, targeting sales teams

The terminations would follow a previous round of lay-offs in May that hit 6,000 people, mostly product and engineering positions.

Big Tech

Huawei defends role as AI, 5G infrastructure supplier at Shanghai MWC

Huawei deputy chairman says the telecoms industry is facing stagnant growth, while touting AI-driven solutions.

A Huawei logo is seen at the Mobile World Congress in Shanghai. Photo: AFP

Big Tech

Where is Trump’s ‘all-American’ phone made? Analysts point to Asia

China, the world’s largest smartphone market since 2011, is also the hub of global manufacturing, accounting for anything from 60 to 80 per cent of production.

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The website of The Trump Organization’s mobile phone service and a Trump-branded smartphone on display on an iPhone on June 16, 2025 in Miami, Florida. Photo: AFP
The website of The Trump Organization’s mobile phone service and a Trump-branded smartphone on display on an iPhone on June 16, 2025 in Miami, Florida. Photo: AFP

Big Tech

JD.com takes its Meituan rivalry to Saudi Arabia with express delivery service

JoyExpress is a business-to-consumer express delivery service that covers most of the 13 provinces in the Middle Eastern country.

Business

Billionaire Dai to reap US$237 million windfall from Qualcomm deal

Dai Weili holds 96.3 million shares of London-listed semiconductor firm Alphawave IP Group, making her its second-largest shareholder.

Tech War

TikTok’s fate still in limbo as Trump extends deadline to sell its US operations

Analyst assessments reflect the uncertainty on whether Trump can – or will – keep extending the TikTok ban.

TikTok has been expanding overseas amid turmoil in the US, its largest market, where it has about 170 million users. Photo: Reuters

Banking & Finance

Hong Kong could serve as stablecoin test bed to raise yuan’s profile

Hong Kong’s stablecoins can serve as a testing ground for the mainland, providing both experience and lessons, HashKey Group CEO says.

Stablecoins are digital tokens pegged to a reference asset like a fiat currency. Photo: Shutterstock
Stablecoins are digital tokens pegged to a reference asset like a fiat currency. Photo: Shutterstock

Big Tech

JD.com founder bets on stablecoins to cut cross-border e-commerce payment costs

‘JD.com intends to secure stablecoin licences across key currency markets globally,’ founder and chairman Richard Liu says.

Big Tech

DeepSeek’s updated R1 AI model matches Google, Anthropic in coding benchmark

The updated reasoning model, released in May, performed well against leading US models in the real-time WebDev Arena tests.

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Big Tech

Tech war takes a new turn as Huawei pushes 5G smartphones with mystery chip

Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.

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Illustration: Davies Christian Surya
Illustration: Davies Christian Surya

Big Tech

ChatGPT sparks investment frenzy and soul searching in China

While China had declared AI strategically important as early as 2018, ChatGPT has shattered illusions about the country’s technological prowess.

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Policy

China’s e-CNY blues: major test bed shows sluggish adoption

More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic.

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Tech

Can Huawei’s 5G-powered Tianjin Port redefine its enterprise business?

Tianjin Port is the latest technological showpiece of Huawei Technologies, as the world’s largest provider of phone network equipment reinvents itself after nearly four years of crushing US sanctions.

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illustration by Lau Ka-kuen
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HIGHLIGHTS FROM
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Tech Trends

DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1

MiniMax-M1 consumes half the resources and has a context window 10 times the size of DeepSeek-R1, according to the start-up. Photo: Shutterstock

Big Tech

Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments

With mobile payments functionality, AI-powered smart glasses are expected to see increased adoption worldwide. Photo: Handout

Big Tech

China subsidies give Alibaba, JD.com sales lift during 618 shopping festival

More than 453 brands each surpassed 100 million yuan in gross merchandise value on Taobao and Tmall during this year’s 618 shopping festival. Photo: Shutterstock

Tech Trends

How Huawei’s AI chips outperform Nvidia’s in running DeepSeek’s R1 model

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Huawei’s Ascend-based AI data centre architecture now rivals Nvidia’s own SGLang fast-serving framework. Photo: Shutterstock

Tech Trends

Alibaba, Tencent-backed AI unicorn MiniMax eyes Hong Kong listing, report says

The MiniMax logo is seen in this arranged photograph taken March 12, 2024. Photo: Shutterstock Images
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MULTIMEDIA
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Hundreds of robots move Shanghai city block

Hundreds of robots move an entire city block in China
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Japanese Nintendo fans get their hands on Switch 2

Nintendo launches highly anticipated Switch 2 amid heavy demand in Japan
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Driverless mining trucks begin operating in China

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Nvidia to build ‘AI supercomputer’ in Taiwan

Nvidia CEO Jensen Huang unveils plan to build ‘AI supercomputer’ in Taiwan
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