Nearly 80 per cent of 4,800 Uber drivers polled in Hong Kong are worried that a strict quota or high licensing fees under coming new regulations for ride-hailing platforms will threaten their livelihoods. The results of the poll conducted by platform operator Uber in June were revealed on Tuesday, just days after Secretary for Transport…
One of China’s biggest portable power bank makers has suspended production for at least six months and closed its stores on major Chinese e-commerce platforms after a massive recall of its products and the decision by the country’s civil aviation authority to ban unlicensed power banks on flights. Shenzhen-based Romoss Technology, which sells its products…
A regulatory proposal on ride-hailing services in Hong Kong will be submitted to the legislature before the end of the month, the transport minister has said, months earlier than the original plan amid calls to accelerate the process. Secretary for Transport and Logistics Mable Chan said on Sunday that the authorities would provide more comprehensive…
A Hong Kong court has quashed a government decision to refuse hire car permits to two prospective Uber drivers seven years ago, rejecting authorities’ contentions that the move could open the floodgates for ride-hailing services and private vehicles to operate as “pseudo-taxis”. In a written judgment handed down on Thursday, the High Court found the…
Beijing-based Baidu has now enlarged the mobile app’s search bar and turned it into a “smart box” that supports long text input and handles more tasks than simple text-based queries and information retrieval, according to the company’s statement on Wednesday. This search box is capable of handling prompts that are thousands of words long, rather…
OpenAI said its analysts found that Chinese artificial intelligence (AI) start-up Zhipu AI had made “notable progress” in providing infrastructure solutions to governments and state-owned firms in non-Western markets, as Beijing seeks to strengthen its global leadership in the rapidly evolving technology. In a post on Wednesday, the ChatGPT maker, which has previously urged Washington…
That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…
Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…
Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai…
Hong Kong and Shanghai will sign a deal to increase collaboration in the financial sphere at the Lujiazui Forum on Wednesday, as the cities strengthen links to better withstand the implications of geopolitical tensions. Financial Secretary Paul Chan Mo-po will be present for the signing of an action plan for collaborative development between the two…