3 h. ago Chinese EV maker Li Auto unveils industry’s cheapest AI glasses at US$282

Chinese electric vehicle maker Li Auto has launched its first wearable product, the Livis artificial intelligence glasses, marking a bold foray into the rapidly expanding market already crowded by tech giants like Alibaba Group Holding, Huawei Technologies and Xiaomi. The device is priced at 1,999 yuan (US$282), but buyers who place an order before December 31 qualify for a 15 per cent rebate via the government-backed subsidy programme, bringing down the price to 1,699 yuan. That effectively...

Politics

7 h. ago ‘China’s Nvidia’ shows that the global chip race is heating up as it basks in post

‘China’s Nvidia’ shows that the global chip race is heating up as it basks in post-IPO glow  MarketWatch

Politics

12 h. ago Letters to the Editor: China dominates the EV market, but that doesn’t mean we should give up

Letters to the Editor: China dominates the EV market, but that doesn’t mean we should give up  Los Angeles Times

Politics

13 h. ago As China defies US tech blockade, can local AI chipmakers capture Nvidia share?

With the technology race between the United States and China, the world’s two largest economies, intensifying even though a trade truce was reached in late October, analysts say the prospects of China achieving self-sufficiency in semiconductors and artificial intelligence (AI) are positive, despite American efforts to maintain leads in those fields. “If any country can do it [achieve self-sufficiency in semiconductors], it’s China, owing to its vast resources and pool of engineering talent,”...

Politics

13 h. ago Avatars, influencers in China livestreams help drive Reckitt's emerging

Avatars, influencers in China livestreams help drive Reckitt's emerging-market led growth  Reuters

Politics

14 h. ago BYD founder bets on new tech to win back customers as sales decelerate

BYD, China’s electric vehicle (EV) king, is pinning its hopes on next-generation technology to engineer a turnaround in sales amid fierce competition in the world’s largest automotive market, according to its founder and chairman Wang Chuanfu. Speaking at a shareholders’ meeting in Shenzhen on Friday, the billionaire said the company’s 12,000 engineers – the backbone of the carmaker – would help it regain a technological edge over rivals. “We have heavyweight new technology in the pipeline,” he...

Economics

16 h. ago ‘Better late than never’: Singapore parents laud curbs on phone use in schools

There are some days when stay-at-home mother of three Lynn Lee finds her 15-year-old daughter watching drama programmes or playing games on her phone for hours on end, unaware of how much time has passed. The 49-year-old, whose children are aged between 10 and 15, calls it an addiction and says her teenager’s screen time can be between eight and 10 hours a day despite parental controls that shut off her internet at 10.30pm. According to Lee, the addiction has caused her daughter’s temperament to...

Politics

17 h. ago Hong Kong fire: dead Indonesian helper found huddled with ward hailed as selfless

The last time Sugeng Widodo spoke to his wife, Indonesian domestic worker Sri Wahyuni, something did not feel right for him. It was around 1pm Hong Kong time on November 26, just a few hours before a devastating fire would rip through Wang Fuk Court in the city’s Tai Po district, killing at least 159 people. Wahyuni, 42, would be among the dead – her body found in a room on a fourth-floor flat at the estate, hugging her employer, a 93-year-old woman, according to Widodo, citing information...

Events

19 h. ago China’s risky shadow banks back in spotlight after debt crackdown

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system. The borrowing marks a return of China’s shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing...

Economics

21 h. ago CSRC vows deeper reforms to open China’s capital market and boost tech listings

China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the equity and bond markets in an article published by the Communist Party mouthpiece People’s Daily on Friday, three weeks after he was...

Politics

22 h. ago US senators seek ban on Nvidia’s advanced chips to China, experts warn ‘shortsighted’ move further erodes Nvidia’s back into Chinese market

US senators seek ban on Nvidia’s advanced chips to China, experts warn ‘shortsighted’ move further erodes Nvidia’s back into Chinese market  Global Times

Events

24 h. ago Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent. The surge in Moore...

Politics

25 h. ago Legco poll a chance for Hong Kong to show its resilience after Tai Po fire

Last week’s deadly fire has cast a heavy shadow over Hong Kong, reminding us of the fragility of life and the need for solidarity in hard times. The central government has responded swiftly with its full attention and support. Aid and sympathy have poured in from across China, underscoring that Hong Kong’s pain is shared. The cause of the fire must be investigated and learned from in due course, but for now the priority is resilience. The announcement that the Legislative Council election will...

Events

25 h. ago Emerging markets to outperform US stocks as dollar weakness continues: report

Global investors should consider reducing their US equities exposure as emerging market stocks are on track to outperform those in developed nations for the first time in five years amid a weakening US dollar, according to global investment firm Cambridge Associates. The recommendation comes as the dollar has experienced significant weakness this year, falling by 10 per cent at one point after a decade-long bull run that started in 2011. However, the greenback still remains 29 per cent above its...

Politics

26 h. ago End of an era: Japan’s Canon shuts China printer plant as local rivals rise

Japanese imaging technology giant Canon has shut down one of its major printer production facilities in mainland China, underscoring the growing clout of domestic brands in the country’s printing market. A visit on Thursday by the Post to Canon Zhongshan Business Machines, in Zhongshan city in the southern Guangdong province, revealed little activity. The car park was nearly empty, while a dozen employees strolled outside the office building. A worker said production had halted late last month,...

Politics

28 h. ago ‘Blue ocean market’: why Brazil is becoming a magnet for Chinese investment

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In early November, the chairman of one of China’s top construction machinery makers was spotted touring potential factory sites in Piracicaba, a city in...

Economics

28 h. ago Why China sees Brazil as ‘last untapped blue ocean market’ for investment boom

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In early November, the chairman of one of China’s top construction machinery makers was spotted touring potential factory sites in Piracicaba, a city in...

Economics

33 h. ago Trump and Sheinbaum to meet for first time at Fifa World Cup draw in Washington

Mexico’s President Claudia Sheinbaum said she will hold a short in-person meeting with US President Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods. Their first face-to-face encounter will take place on Friday, Sheinbaum confirmed during her daily press briefing on Thursday. Sheinbaum will also meet Canadian Prime Minister Mark Carney in Washington, where the leaders are set to attend the draw for the 2026 Fifa World Cup hosted by the...

Politics

33 h. ago FBI arrests suspect in 2021 Capitol riot pipe bomb mystery after 5

The FBI made an arrest on Thursday in its nearly five-year-old investigation into who placed pipe bombs in Washington on the eve of the January 6 riot at the US Capitol in 2021. The arrest marks the first time investigators have settled on a suspect in an act that had long vexed police, spawned a multitude of conspiracy theories and remained an enduring mystery in the shadow of the dark chapter of American history that is the violent Capitol siege. The arrest took place on Thursday morning and...

Events

39 h. ago China’s top AI chip firms set for bumper IPOs as Nvidia kept out of market

China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive. Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai’s Nasdaq-style Star Market on Friday, according to a...

Economics