5 d. ago Beijing seeks to curb excess AI investment while sustaining growth

Beijing seeks to curb excess AI investment while sustaining growth  Digital Watch Observatory

Politics

6 d. ago SMIC tightens grip on Beijing unit in latest wave of China wafer fab mergers

SMIC tightens grip on Beijing unit in latest wave of China wafer fab mergers  DIGITIMES Asia

Politics

8 d. ago Hong Kong and Saudi Arabia sign deal to boost investment, infrastructure ties

Hong Kong and Saudi Arabia have signed a memorandum of understanding (MOU) to enhance infrastructure information exchange and facilitate market access for the city’s professional services. In the presence of Chief Executive John Lee Ka-chiu and Saudi Investment Minister Khalid Al-Falih, the agreement was signed on Friday by Commissioner for Belt and Road Nicholas Ho Lik-chi and Assistant Deputy for the Saudi Services Sector Fahad Alhashem. “This MOU marks another significant milestone in the...

Economics

9 d. ago Tencent counts on Chinese AI tools demand to lift overseas cloud business

Tencent Holdings is aiming for “aggressive” growth in the international cloud computing market, on the back of the growing appetite overseas for Chinese artificial intelligence (AI) models, according to a senior executive. That sharpened focus by Tencent stems from how its overseas cloud operations have been expanding “the fastest among all [its business] segments”, with “high double-digit growth over the past few years”, said senior executive vice-president Dowson Tong Tao-sang, who serves as...

Politics

2 w. ago China Telecom unit says AI wave drives steady growth in digital services market

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...

Politics

2 w. ago Alibaba, Ant combine forces to take on Meituan in instant commerce market

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...

Politics

2 w. ago China’s coastal provinces look to ride economic wave with offshore action plans

China’s coastal provinces are leveraging their geographic advantages to align with the national strategy surrounding the marine economy, with plans to foster new growth in digitalised governance, offshore energy and tourism. Since China incorporated the marine economy into its 2035 vision, 10 provincial-level regions, including Shanghai, have rolled out marine-focused economic development plans since last year, according to a summary by Founder Securities. Southeast China’s Fujian province will...

Economics

3 w. ago Beijing 2025 Robot Conference highlights China’s humanoid robotics growth

Beijing 2025 Robot Conference highlights China’s humanoid robotics growth  Digital Watch Observatory

Politics