TikTok’s global e-commerce expansion hits roadblock after Indonesia shopping ban
TikTok Shop’s debacle in Indonesia poses a challenge on how the ByteDance-owned app operator’s e-commerce model could move forward in a highly competitive industry.
Microsoft asked to pay nearly US$29 billion in back taxes in US
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
Retail interest in virtual assets grows but education lags, survey finds
As retail investment interest in virtual assets grows, investor education lags in the city, according to recent research.
As retail investment interest in virtual assets grows, investor education lags in the city, according to recent research.
TikTok’s e-commerce push faces headwinds in Southeast Asia after Indonesia ban
Other offline retailers in Southeast Asia whose interests are affected by social commerce platforms are expected to complain to their governments and lobby for a ban on TikTok Shop.
Other offline retailers in Southeast Asia whose interests are affected by social commerce platforms are expected to complain to their governments and lobby for a ban on TikTok Shop.
US waiver of tech restrictions to Samsung, Hynix handicaps China’s chip makers
Washington’s action is expected to be a big boon for both Samsung and Hynix in the world’s largest semiconductor market, but puts rival Chinese memory chip makers like YMTC at a disadvantage.
Washington’s action is expected to be a big boon for both Samsung and Hynix in the world’s largest semiconductor market, but puts rival Chinese memory chip makers like YMTC at a disadvantage.
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China to impose ‘ethics reviews’ on research covering humans, animals and AI
Under new rules effective December 1, Chinese universities, hospitals, enterprises and research institutions will have to conduct ‘ethics reviews’ of research covering humans, animals and AI.
Hong Kong start-up festival aims to draw 20,000 attendees in November
StartmeupHK, which will mark its first full return to physical events since the Covid-19 pandemic, is seen as a bellwether for sentiment in the Hong Kong tech industry.
StartmeupHK, which will mark its first full return to physical events since the Covid-19 pandemic, is seen as a bellwether for sentiment in the Hong Kong tech industry.
Chinese media spots pornography-linked apps on Apple’s mainland App Store
The discovery was made at a time when Apple has started complying with regulations that require all apps and app developers to be licensed.
The discovery was made at a time when Apple has started complying with regulations that require all apps and app developers to be licensed.
Shenzhen unveils 20-point plan to boost funding for local tech companies
The Shenzhen municipal government plans to start trials of ‘equity + debt’ financing via approved banks in the city’s Hetao and Qianhai cooperation zones.
The Shenzhen municipal government plans to start trials of ‘equity + debt’ financing via approved banks in the city’s Hetao and Qianhai cooperation zones.
EU and Japan converging on generative AI, official says, amid regulation push
The EU and Japan are deepening cooperation over technology such as AI, cybersecurity and chips seen as important for economic security.
The EU and Japan are deepening cooperation over technology such as AI, cybersecurity and chips seen as important for economic security.
Hong Kong’s crypto power players applaud Web3 regulation after JPEX scandal
A group of 10 cryptocurrency industry executives, including Animoca Brands co-founder Yat Siu, has published a public letter endorsing the government’s commitment to Web3.
A group of 10 cryptocurrency industry executives, including Animoca Brands co-founder Yat Siu, has published a public letter endorsing the government’s commitment to Web3.
New US curbs on chip tool exports to China are nearly finalised
An updated rule on chip-making equipment exports would add to restrictions implemented in October 2022, which further strained US-China relations.
An updated rule on chip-making equipment exports would add to restrictions implemented in October 2022, which further strained US-China relations.
Bowtie eyes disruption amid HKMA’s fintech push in securities, insurance sectors
The latest move by the Hong Kong Monetary Authority, expanding its fintech development road map to include insurance firms and brokers, will encourage more financial companies to adopt technology for cutting costs and enhancing services, industry players said.
The latest move by the Hong Kong Monetary Authority, expanding its fintech development road map to include insurance firms and brokers, will encourage more financial companies to adopt technology for cutting costs and enhancing services, industry players said.
Taiwan’s share in global chip manufacturing supply chain to decline: report
Changes loom for the global chip manufacturing supply chain, as Taiwan and mainland China grapple with geopolitical tensions and the semiconductor policies of various governments.
Changes loom for the global chip manufacturing supply chain, as Taiwan and mainland China grapple with geopolitical tensions and the semiconductor policies of various governments.
Apple considered switch to search engine DuckDuckGo from Google
Apple held talks with DuckDuckGo to replace Alphabet’s Google as the default search engine for the private mode on Apple’s Safari browser, according to people familiar with the discussions.
Apple held talks with DuckDuckGo to replace Alphabet’s Google as the default search engine for the private mode on Apple’s Safari browser, according to people familiar with the discussions.
Taiwan to probe suppliers helping Huawei build chip plants under the radar
Taiwan’s minister of economic affairs said she would look into whether the firms are conducting their businesses in China within the scope of approved activity.
Taiwan’s minister of economic affairs said she would look into whether the firms are conducting their businesses in China within the scope of approved activity.
exclusive | Hong Kong crypto venture capital firm CMCC Global launches US$100 million fund
CMCC Global, a Hong Kong-based venture capital firm, has raised US$100 million for a new fund aimed at backing Asian blockchain start-ups amid Hong Kong’s virtual asset push, despite the recent JPEX scandal.
CMCC Global, a Hong Kong-based venture capital firm, has raised US$100 million for a new fund aimed at backing Asian blockchain start-ups amid Hong Kong’s virtual asset push, despite the recent JPEX scandal.
AI advances boost online disinformation, censorship and surveillance: report
Generative AI-based tools were used in at least 16 countries to distort information on political or social issues over the period June 2022 to May 2023, according to the annual Freedom on Net report.
Generative AI-based tools were used in at least 16 countries to distort information on political or social issues over the period June 2022 to May 2023, according to the annual Freedom on Net report.
How Shein and Temu are changing the face of China’s vast export machine
Newcomers like Shein and Temu are tapping China’s vast manufacturing capabilities and using their technology to connect producers directly with overseas consumers.
Newcomers like Shein and Temu are tapping China’s vast manufacturing capabilities and using their technology to connect producers directly with overseas consumers.
Japan approves US$1.3 billion in subsidies for Micron’s chip plant in Hiroshima
The subsidies will help US chip maker Micron install Dutch firm ASML’s extreme ultraviolet lithography equipment to make advanced semiconductors in Japan.
The subsidies will help US chip maker Micron install Dutch firm ASML’s extreme ultraviolet lithography equipment to make advanced semiconductors in Japan.
