56 m. ago China’s PLA Daily slams US Golden Dome plan, warns of space arms race

China’s military newspaper has condemned America’s planned “Golden Dome” space-based missile defence system, warning that it may threaten global strategic stability and trigger an arms race in space. “The development of the Golden Dome system and the US Space Force’s rapid expansion have further militarised outer space,” a commentary in the PLA Daily warned on Thursday, adding that such moves could potentially intensify great power rivalry and challenge international arms control norms. The...

Events

1 hour ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics

2 h. ago World's First Humanoid Robot Dealership to Open in Beijing in August

World's First Humanoid Robot Dealership to Open in Beijing in August  Yicai Global

Politics

2 h. ago China to remove tariffs on nearly all goods from Africa as both criticise US

Twenty more African countries, mostly from the continent’s middle-income nations, are set to gain access to the world’s largest consumer market duty-free as Beijing plans to remove tariffs for all products from every African nation except eSwatini. The measure was announced as African ministers joined Beijing at a meeting in central China affiliated with the Forum on China-Africa Cooperation (FOCAC). Amid the tariff war, representatives from China and African nations accused the United States of...

Politics

3 h. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

3 h. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International, a spin-off of Ant’s global operations, said in a statement on...

Politics

4 h. ago Nvidia bets on European AI push amid shrinking China revenue

Nvidia is trying to woo European markets with new partnerships and a pledge to build 20 new artificial intelligence (AI) factories across the continent, as the US chip giant grapples with declining sales in China amid Washington’s tightening export controls. CEO Jensen Huang, speaking at the annual VivaTech conference in Paris on Wednesday, said the company was building the world’s first “industrial artificial intelligence cloud” for European manufacturers. The Germany-based facility, a key part...

Politics

5 h. ago Beijing to open world's first '4S store' for embodied AI robots

Beijing to open world's first '4S store' for embodied AI robots  China Daily

Events

5 h. ago Massed drone deployments part of military modernisation: China’s PLA Daily

China’s military mouthpiece has called for the large-scale and centralised deployment of unmanned combat forces at key locations to fully realise their potential in any future intelligent warfare, amid rising tensions with the US in the Indo-Pacific. In an article published on Tuesday, the PLA Daily urged “innovative” organisation and applications of unmanned systems, highlighting their “decisive and dominant” role in future conflicts, including the capability to conduct close-range precision...

Events

8 h. ago Pianist Aristo Sham ‘overwhelmed’ by Hong Kong response to his contest win

Aristo Sham Ching-tao, the first pianist from Hong Kong to win the gold medal in the Van Cliburn Piano Competition, has expressed his gratitude for the overwhelming support he received from the city following his victory in one of the world’s toughest and most prestigious music competitions. Speaking from New York, Sham said: “I am overwhelmed by the support in Hong Kong since the news of my win. I really did not expect that.” Born in Hong Kong, he left to study overseas at the age of 14, but...

Culture

9 h. ago China's racing to build its AI ecosystem as U.S. tech curbs bite. Here's how its supply chain stacks up

China's racing to build its AI ecosystem as U.S. tech curbs bite. Here's how its supply chain stacks up  CNBC

Politics

9 h. ago Jack Ma replies to Alibaba employee’s letter lamenting ‘company disease’

Jack Ma, founder of Alibaba Group Holding, responded to the resignation letter of a long-term employee on Tuesday, a rare move for the tech veteran who stepped back from all corporate roles in 2019. In a response published on Alibaba’s internal website, Ma addressed the concerns raised by a 15-year employee, who criticised the “big company disease” afflicting the Chinese e-commerce giant in an extensive internal letter. The employee, a product development leader on the team responsible for...

Politics

11 h. ago The case of Hong Kong vs Singapore: unlimited potential for collaboration

From Hong Kong Disneyland and Universal Studios Singapore to Cathay Pacific and Singapore Airlines, there is this never-ending comparison between Hong Kong and Singapore. Insofar as our legal systems and the legal markets are concerned, there are also interesting similarities and differences. Both Hong Kong and Singapore are common law jurisdictions with developed and efficient legal systems. We are both in strategic locations with world-class legal infrastructure and vibrant legal communities....

Politics

11 h. ago To achieve its AI ambition, Hong Kong must start investing in schools

With rapid advances in technological development transforming industries and permeating every facet of our lives, there are mounting calls for schools to embrace artificial intelligence in the curriculum. While the focus on AI can seem overwhelming, the role of schools in this new AI-driven world demands attention. Where there is a focus on AI in schools, it is likely to be about effective and ethical ways to use AI. This is important, especially the focus on ethical issues, but there is perhaps...

Politics

11 h. ago China approves world’s biggest amphibious plane, AG600, for mass production

China’s home-grown AG600, the world’s largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. The Civil Aviation Administration of China (CAAC) certified the plane on Wednesday, confirming that its developer, the state-owned Aviation Industry Corporation of China (Avic), has established a reliable system to consistently produce aircraft that meet safety standards, according to...

Politics

11 h. ago With early stablecoin law, Hong Kong looks to keep edge as finance hub

With the passage of one of the world’s most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Being a “first mover” in stablecoin legislation “reflects the determination” of the city’s government to “unlock value that they see in this sector, given the number of hurdles from past incidents”, said Melvin Deng, CEO of digital asset trading firm QCP Capital. Hong...

Politics

12 h. ago Mainland China scientists build electronic war game for Taiwan and nearby waters

A PLA mobile electronic warfare platform deployed southeast of Taiwan activates its emitter, shattering the electromagnetic silence with powerful pulses, which are initially blocked by the island’s towering central mountain range. But while the key eastern military bases are unaffected at first, gradually the signals navigate the complex terrain, reflecting like mirrors off slopes and scattering across rough surfaces. Eventually, they cross the peaks to blanket the entire island and its...

Events

13 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

14 h. ago China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

When Jack Wang enrolled as an undergraduate in microelectronics at a prestigious Chinese university, the year was 2019, and China was in the early days of its trade war with the United States. Looking back, his decision to focus on the field revolving around the design and manufacture of hi-tech microchips has proved prescient. Today, it complements Beijing’s aspirations to make world-leading semiconductors amid Washington’s amped-up efforts to curtail China’s technological progress. Indeed, the...

Politics

15 h. ago Beijing’s ties with Moscow and Kyiv should be leveraged for peace

The International Organisation for Mediation launched in Hong Kong late last month, counting 32 countries as founding signatories. An institution designed to supplement and actualise Article 33 of the United Nations Charter is something the world increasingly needs as Russia’s invasion of Ukraine drags into its fourth year. Recent peace talks in Istanbul produced no appreciable progress, while swings on the battlefield have long since given way to a grinding impasse. Neither side appears capable...

Politics