2 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

3 h. ago Trump recasts US allies as tools to counter China in security playbook: analysts

US President Donald Trump’s new national security strategy frames America’s allies not just as partners, but as instruments to preserve US primacy and counter China’s rise, analysts say. The strategy urges wealthy allies to increase defence spending, align more closely with Washington on measures such as export controls, and take greater responsibility for their regions, a shift that recasts long-standing alliances as tools in great-power competition. The 33-page document declares that the era...

Politics

6 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

6 h. ago The rise of the ‘cute’ economy marks a shift for Chinese industry

The rise of the ‘cute’ economy marks a shift for Chinese industry  Buenos Aires Herald

Politics

9 h. ago Hong Kong government hits out at US politicians’ ‘absurd’ resolution on Jimmy Lai

Hong Kong authorities have hit back at US politicians’ “absurd and fact-twisting” allegations over the health of former media boss Jimmy Lai Chee-ying and their call for his unconditional release from prison. A spokesman for the Hong Kong government described the resolution introduced in the United States House of Representatives as an attempt to pressure the city’s courts over Lai’s ongoing trial, accusing the body of “blatant hypocrisy and double standards” given the country’s own suspected...

Politics

9 h. ago Hong Kong government hits out at US politicians’ ‘absurd’ Jimmy Lai resolution

Hong Kong authorities have hit back at US politicians’ “absurd and fact-twisting” allegations over the health of former media boss Jimmy Lai Chee-ying and their call for his unconditional release from prison. A spokesman for the Hong Kong government described the resolution introduced in the United States House of Representatives as an attempt to pressure the city’s courts over Lai’s ongoing trial, accusing the body of “blatant hypocrisy and double standards” given the country’s own suspected...

Politics

11 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

12 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

12 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

13 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

14 h. ago Hong Kong’s religious communities unite in prayer to mourn Tai Po fire victims

About 4,000 Muslims from Hong Kong gathered on Friday to pray for and offer condolences to the victims of the Tai Po fire, while other religious groups held prayer meetings to show spiritual support. The Incorporated Trustees of the Islamic Community Fund of Hong Kong held a special prayer session at 1.30pm at Kowloon Mosque in Tsim Sha Tsui to pay respect to the victims. The blaze at Wang Fuk Court killed at least 159 people. Among them were nine Indonesian domestic helpers and one Filipino...

Events

18 h. ago Filipinos slam official’s US$8.50 advice for Christmas feast

Marife Dhoctor, 43, a domestic helper in the Philippines, is looking forward to the traditional Christmas Eve dinner, when families gather to savour festive dishes and exchange gifts. However, rising prices of goods have forced her family of five to stretch their meagre budget as they plan for the annual feast known as Noche Buena or “the good night”. Dhoctor and her husband, who works as a construction worker, earn a combined daily wage of just over 1,000 pesos (US$17). As building projects are...

Politics

18 h. ago Anger boils in Philippines over official’s US$8.50 Christmas feast budget

Marife Dhoctor, 43, a domestic helper in the Philippines, is looking forward to the traditional Christmas Eve dinner, when families gather to savour festive dishes and exchange gifts. However, rising prices of goods have forced her family of five to stretch their meagre budget as they plan for the annual feast known as Noche Buena or “the good night”. Dhoctor and her husband, who works as a construction worker, earn a combined daily wage of just over 1,000 pesos (US$17). As building projects are...

Politics

18 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

20 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

20 h. ago Hong Kong developers push for smoking ban at construction sites after deadly fire

Major Hong Kong developers are considering a blanket ban on smoking for workers at all construction sites following the deadly Tai Po blaze that killed 159, with at least two already demanding that all their contractors impose the tough rule or step up penalties. The Real Estate Developers Association (REDA) told the Post on Friday that it was gathering views on the smoking ban from its members, including major developers such as Sino Land, Swire Properties, Sun Hung Kai and New World...

Events

21 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

21 h. ago Years Into China’s Property Crisis, Even More Dark Clouds Gather

Years Into China’s Property Crisis, Even More Dark Clouds Gather  Bloomberg.com

Events

23 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

24 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