A looming five-day strike against illegal ride-hailing services in Hong Kong has met with challenges including objections by some taxi drivers, with a number criticising the move as only driving more passengers to operators such as Uber and Amap. Some drivers also told the Post on Thursday that the planned strike would do little to…
An influential taxi union will send an ultimatum to the Hong Kong government to demand a clampdown on illegal ride-hailing services run by operators such as Uber and Amap, and is threatening to strike for five days next month. The Hong Kong Tele-call Taxi Association said it held an internal meeting on Tuesday, where about…
China’s venture capital (VC) firms have been sidelined in the frenzy surrounding DeepSeek, with none of them known to have invested in the open-source large AI model developer. Baidu Venture, an independent AI-focused investment arm initiated by its namesake Chinese internet giant, did not invest in DeepSeek even though the venture company sits just one…
Hangzhou, the capital of China’s southeastern Zhejiang province, is rapidly gaining recognition as a leading technology hub in the country with the rise of local start-ups known as the “Six Little Dragons”. Among the hottest of the start-ups right now is DeepSeek, which captured global attention this year for its cost-efficient artificial intelligence (AI) models….
China’s three major telecoms operators have rushed to integrate DeepSeek’s artificial intelligence (AI) models into their services, as firms across the country jump on the bandwagon of the country’s hottest tech start-up. In a bid to “promote the universal application of latest AI technologies”, China Mobile, China Telecom and China Unicom have integrated DeepSeek’s models…
The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”. By characterising the start-up’s achievement as a significant turning point for the country, the bank goes further than Marc Andreessen, the influential Silicon Valley venture capitalist,…
But DeepSeek’s head office in Hangzhou, capital of eastern Zhejiang province, on Wednesday kept mum on the firm’s potential next moves, as it declined all requests from news media, including the South China Morning Post. More security personnel were deployed outside its office building on the same day, according to one of the guards on…
DeepSeek has given China’s artificial intelligence (AI) push a shot in the arm, as the country’s chip developers and cloud service providers rush to support the start-up’s increasingly popular models. Moore Threads Technology, a graphics processing unit (GPU) design company created by former Nvidia China general manager Zhang Jianzhong, said in a WeChat post on…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…