E-commerce giant Alibaba is expected to provide Tianjin with highly efficient computing resources at a lower cost to support the city’s various hi-tech development initiatives.

Owning ill-gotten homes and hoarding stockpiles of cash is getting harder in China as privacy wanes and transparency reigns

Some 16 companies – including the three note-issuing banks HSBC, Standard Chartered and BOCHK – will put the e-HKD through its paces, paving the way for a virtual coin the public can use to shop, dine out and make money transfers.

The fintech giant is expected to advance Hangzhou’s digital transformation, while also helping the city stage major international events like the 2023 Asian Games.

‘There is a possibility that [Japan] is being targeted as the host of the G7 summit, and we have warned relevant organisations to stay alert,’ an official said.

China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.

Having one regulator oversee key aspects of data governance in China is expected to benefit both local and international businesses.

The country aims to make significant progress in digitalisation by 2025, and reach ‘world-leading levels’ by 2035, according to the plan.

The southern tech hub’s digital infrastructure action plan involves the buildout of 10,000 new 5G base stations this year.

Young Chinese are increasingly embracing convenient on-demand home services – from manicures to personal chefs – a phenomenon reflected in surging advertisements on social media.

Henan, home to the world’s largest iPhone factory, expects this initiative to help move its industries up the value chain, advancing beyond labour-intensive manufacturing activities.

Merchants using Alipay+ reached 2.5 million as of November, helping expand digital transactions in markets that include Japan, South Korea, Singapore, the Philippines, Malaysia and Thailand.

The review requirement reflects Beijing’s efforts to tighten cross-border data flows and safeguard what it considers as sensitive information.

The Alibaba subsidiary’s lengthy system failure in Hong Kong, with disruptions at some user sites stretching to more than 24 hours, shows that cloud services providers cannot guarantee zero incidents.

Fuxi Lab, the artificial intelligence arm of NetEase Games, will jointly develop smart robots with a unit of China State Construction Engineering Corp.

FinTech Week is the first of a series of mega events Hong Kong is hosting to mark its return after almost three years of Covid-related isolation

This commitment signals Beijing’s response to the Biden administration’s recent moves imposing further restrictions against China’s tech industry.

Security token offerings (STOs) could ‘revolutionise’ the way developers raise capital to fund their projects, providing a shot in the arm for the property markets of Hong Kong and the Greater Bay Area, according to a report published on Tuesday.

Warburg Pincus is making the biggest splash in a general insurance platform in Asean by seeding Oona Insurance to disrupt the market controlled by AIA, Prudential and Allianz.

Readers discuss the importance of hard targets in a city’s digital transformation, how alcohol is a gateway substance, and why, now more than ever, helpers should not be denied permanent resident status.

The Hong Kong Monetary Authority is set to launch a new online data platform that will allow many struggling small businesses to get the funds they need, according to its chief executive.

The city’s de facto central bank will start testing out a digital coin called the e-HKD, paving the way for a virtual currency the public can use in the future to shop, dine out and make money transfers.

Analysts said ‘green lights’ may likely be given to investment deals that help boost development of the real economy.

Their recent collapse shows that stablecoins are ill-equipped as a form of money, and central banks are better placed to run digital payments, says the Asia-Pacific chief of the Bank of International Settlements.

Increased smartphone penetration among city’s older population mainly due to mandatory use of ‘Leave Home Safe’ app to enter premises, experts and social workers say.

Analysts say the database could offer cultural protection by managing and storing cultural resources from all levels of government.

Backed by Singapore Exchange and a Temasek unit, ADDX aims to broaden individual investors’ access to the US$8 trillion private market.