4 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

10 h. ago EU hits Musk’s X with US$140 million fine, risking Trump’s ire

The European Union hit Elon Musk’s X with a €120 million (US$140 million) fine on Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump’s administration. The high-profile probe into the social media platform was seen as a test of the EU’s resolve to police Big Tech. US Vice-President J.D. Vance fired a warning against “attacking” US firms through “censorship” before the penalty was even made public. Imposing the first fine under its powerful...

Events

14 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

14 h. ago Huawei’s founder makes subtle dig at lofty pursuits in AI by the US

The United States and China are pursuing artificial intelligence in “different directions”, and the divergence is being reflected in the strategies that the governments and companies are adopting, according to the founder of one of the world’s largest technology investors. The US is focusing on supercomputing power and large models in the lofty pursuit of artificial general intelligence (AGI) and artificial superintelligence (ASI), while China was adopting a more practical approach, using AI to...

Politics

15 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 Beijing to update Olympic Center, focuses on urban renewal, tech

Beijing to update Olympic Center, focuses on urban renewal, tech  China Daily

Politics

17 h. ago China’s Xiaomi says returns from AI investments ‘far exceed expectations’

Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters. The Beijing-based company’s efforts to apply AI in electric vehicles (EVs) and robotics are similar to Elon Musk’s plan of using the advanced...

Politics

18 h. ago Moore Threads aspires to become ‘leading global player’ in AI chips after IPO

Moore Threads, a five-year-old graphics processing unit (GPU) developer created by Nvidia’s former China chief, aspires to become one of the leading global players in artificial intelligence chip development, its founder and CEO Zhang Jianzhong said. Zhang, Nvidia’s China general manager from 2006 to 2020, was quoted as saying by the official Shanghai Securities Journal that the start-up would introduce a new-generation chip each year to provide key hardware for China’s AI development. “Our goal...

Politics

22 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

25 h. ago Meta plans budget cuts as high as 30% to its metaverse efforts

Meta Platforms CEO Mark Zuckerberg is expected to cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook. Executives were considering potential budget cuts as high as 30 per cent for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality (VR) unit, according to people familiar with the talks, who asked not to be named while...

Politics

26 h. ago More military technologies targeted for civilian sector to boost economy

China will strengthen innovation by developing high-tech industries with military technologies to boost military-civil integration, a move that aims to cultivate new growth drivers and boost the economy, said a recent State Council guideline.

Events

27 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

38 h. ago As Macron eyes China deals to revive industry, trade shows tables have turned

French President Emmanuel Macron has called on Chinese companies to invest in France and transfer know-how in emerging sectors like batteries, electric vehicles (EVs) and solar panels – highlighting growing concerns over the widening technological gap between the two countries. “We want to welcome more Chinese investment through projects and re-industrialisation strategies, and this is what will allow us to break the cycle we’re currently in,” he said on Thursday in Beijing, where he attended a...

Politics

38 h. ago UK Novichok report blames Putin for ‘reckless’ poisoning of ex

Russian President Vladimir Putin must have ordered the Novichok nerve agent attack on Russian double agent Sergei Skripal in 2018, in an “astonishingly reckless” act that led to the death of an innocent woman, a UK public inquiry concluded on Thursday. Skripal was found along with his daughter Yulia slumped unconscious on a public bench in the southern English city of Salisbury in March 2018 after Novichok was applied to the front door handle of his nearby home. About four months later,...

Politics

40 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

43 h. ago Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

Mainland China’s billionaires have tightened their grip as Asia-Pacific’s wealthiest after their combined fortunes swelled to nearly US$1.8 trillion, with electric-vehicle (EV) maker BYD’s founder Wang Chuanfu and bubble tea chain Mixue’s bosses among the biggest drivers of that growth, according to a UBS report. Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early...

Economics

45 h. ago HashKey’s IPO seeks US$300 million under shadow of Beijing’s regulatory scrutiny

The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong’s largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing’s watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts. HashKey, established in Hong Kong in 2018, on Monday cleared its Hong Kong listing hearing after a confidential filing earlier this year, paving the way for an IPO that could raise up to...

Economics

46 h. ago US halted plans to sanction Chinese spy agency to maintain trade truce, FT says

US halted plans to sanction Chinese spy agency to maintain trade truce, FT says  Reuters

Politics

47 h. ago US halts plans to sanction Chinese spy agency to maintain trade truce

US halts plans to sanction Chinese spy agency to maintain trade truce  Financial Times

Politics

49 h. ago China urged to boost innovation to drive development at home and abroad

China should focus on technological innovation to drive domestic and global development, a forum this week has heard. China would push for high-quality development and opening up to the outside world, Li Shulei, head of the Communist Party’s publicity department, told the 2025 Understanding China Conference in Guangzhou on Monday. The event, which ran between Sunday and Tuesday, was attended by around 800 people and technological innovation was a central theme. China also strove to help...

Transport