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.
China’s Longsys completes US$132 million takeover of Suzhou plant from Powertech
Longsys, one of US chip maker Micron’s largest clients in China, has acquired a 70 per cent equity stake in Powertech Technology (Suzhou), which provides chip packaging, testing and surface-mount technology services in eastern Jiangsu province.
Longsys, one of US chip maker Micron’s largest clients in China, has acquired a 70 per cent equity stake in Powertech Technology (Suzhou), which provides chip packaging, testing and surface-mount technology services in eastern Jiangsu province.
Tearful ex-girlfriend calls FTX collapse a relief in Bankman-Fried trial
Caroline Ellison said at the fraud trial on Wednesday that the collapse of FTX had lifted the ‘dread’ hanging over her.
Caroline Ellison said at the fraud trial on Wednesday that the collapse of FTX had lifted the ‘dread’ hanging over her.
AI jobs offer the highest salaries to Chinese graduates in 2023: report
The AI industry offers the highest average salary for university graduates in China, followed by blockchain, according to a report by recruitment platform Liepin.
The AI industry offers the highest average salary for university graduates in China, followed by blockchain, according to a report by recruitment platform Liepin.
OpenAI plans major updates to lure developers with lower costs
ChatGPT-maker OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models.
ChatGPT-maker OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models.
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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.
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.
Chinese tech start-up unveils ‘low-cost’ L2 autonomous driving systems
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility.
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility.
Nvidia rival AMD to buy software start-up in AI chip race
AMD aims to invest in and build a unified collection of software to power the various chips it makes.
AMD aims to invest in and build a unified collection of software to power the various chips it makes.
China and electric vehicles forge a growing political target for Republicans
US President Joe Biden’s goal of a domestic EV industry, using Chinese battery technology, draws fire, startling local officials as efforts to bring new business to their towns are now criticised.
US President Joe Biden’s goal of a domestic EV industry, using Chinese battery technology, draws fire, startling local officials as efforts to bring new business to their towns are now criticised.
WM Motor goes bust in setback for Tencent, Baidu in China’s EV war
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
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.
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.
FTX co-founder testifies against Sam Bankman-Fried at his fraud trial
Cryptocurrency exchange FTX co-founder Gary Wang Zixiao said in court that former partner Sam Bankman-Fried knowingly used clients’ funds without permission to invest through his personal hedge fund, Alameda Research.
Cryptocurrency exchange FTX co-founder Gary Wang Zixiao said in court that former partner Sam Bankman-Fried knowingly used clients’ funds without permission to invest through his personal hedge fund, Alameda Research.
Alibaba closes social science institute that Jack Ma once hoped would exist for 300 years
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.
China’s smartphone manufacturing output declines in first 8 months of year
China produced 679 million smartphones from January to August this year, down 7.5 per cent from the same period in 2022, according to data from China’s Ministry of Industry and Information Technology.
China produced 679 million smartphones from January to August this year, down 7.5 per cent from the same period in 2022, according to data from China’s Ministry of Industry and Information Technology.
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.
ChatGPT-owner OpenAI wants to design AI chips, explores acquisition
OpenAI is seeking to solve a shortage of expensive AI chips, but it has not yet decided to move ahead with original chip design, sources told Reuters.
OpenAI is seeking to solve a shortage of expensive AI chips, but it has not yet decided to move ahead with original chip design, sources told Reuters.
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.
