hina’s market regulator is investigating Meituan unit Beijing Sankuai Information Technology for suspected violations of unfair competition laws, the country’s official CCTV broadcaster reported on Saturday. China has been cracking down on monopolistic behavior, most recently fining Trip.com 5.2 billion yuan (US$776.41 million) over what the regulator said was its online hotel-booking monopoly, as Beijing…
Alibaba Group co-founder Jack Ma reflects on his ties to Hong Kong’s first chief executive, Tung Chee-hwa. Those connections spanned both business and philanthropy, encompassing Tung’s eight years on Alibaba’s board of directors and his inspirational role in Ma’s youth entrepreneurship foundation for local youths. Ma’s reflections are part of the South China Morning Post’s…
Kazakhstan has signed a memorandum of understanding with Hong Kong’s transport authorities to establish a laboratory and discussed low-altitude economy initiatives to help manage traffic jams. Bakhtiyar Mukhametkaliyev, Kazakhstan’s vice-minister of artificial intelligence and digital development, told the South China Morning Post on Wednesday about discussions with the team of Hong Kong’s Secretary for Transport…
Seventeen-year-old Xiaoxue describes her boyfriend Xiaojun as a “sweet guy”. The pair spend hours each day talking about schoolwork, interactions with friends, and how she is feeling. And importantly, she trusts Xiaojun not to cheat on her — as an ex-boyfriend did. But Xiaojun is not human — he is an Artificial Intelligence (AI) companion…
With its new architecture and capabilities, the next generation of Apple Intelligence powers helpful features across the system, simplifying the things users do every day. China’s cyberspace regulator has officially registered Apple’s on-device generative AI service, Apple Intelligence, for use in the country. This marks a significant step toward the long-awaited launch of the feature…
Anthropic has accused Alibaba of reverse-engineering its AI models to mimic their capabilities through a process known as ‘distillation’. (NurPhoto pic) BEIJING: A Chinese industry regulator warned users on Wednesday of a “security backdoor” embedded in versions of US artificial intelligence company Anthropic’s coding tool, Claude Code. The alleged backdoor could allow the software to…
For decades, warnings of Hong Kong’s terminal decline have arrived in periodic waves. When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that “Hong Kong is over”, he pointed to a toxic cocktail of domestic and external pressures. Roach, who doubled down on his “wake-up call”…
Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of…
Beijing believes the internet giants’ aggressive price-cutting campaign could push retailers across China into losses, potentially undermining the economy. BABA led the declines, falling 5.3%; the stock has declined sharply in recent months due to a host of factors. China’s State Administration for Market Regulation summoned executives from the firms over what officials said was…
Pentagon has added several major Chinese companies, including electric vehicle giant BYD, technology company Alibaba and search engine Baidu, to its list of Chinese military companies. The move, announced in a Federal Register post dated June 9, 2026, prevents the above stated companies from receiving US defense contracts and marks a broader effort by Washington…