Mass-hiring plans among China’s tech giants are serving to reinforce an increasingly popular decision among families for their college-bound children to embrace majors related to science and technology. The determination to capitalise on emerging trends, including a greater emphasis on fields related to artificial intelligence (AI), comes as China’s youth-unemployment rate – comprising 16- to…
(Reuters) -China’s Alibaba Group is likely to exit India’s Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources. Alibaba’s unit Antfin Singapore, which had a 2.08% stake in Eternal as of June-end, will offload all of it at a floor price of 285 rupees, the report…
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…
Hong Kong customs has launched talks with major cross-border e-commerce firms, including Pinduoduo and Taobao, in a bid to block contraband from being sold to buyers in the city, the head of the disciplined service has revealed. Commissioner of Customs and Excise Chan Tsz-tat told the Post in an exclusive interview that his agency had…
Facebook parent Meta Platforms, a major proponent of open-source artificial intelligence (AI) models with its Llama family, has indicated it would be more “careful” going down the open-source road, a move that contrasts with China’s embrace of open-source. In fact, China has probably found the path to “surpass the US in AI” thanks to the…
Shanghai will host its eighth annual flagship artificial intelligence (AI) conference this weekend as China ramps up competition against the US for supremacy in the fast-developing technology. The three-day World Artificial Intelligence Conference (WAIC), with the theme of “Global Solidarity in the AI Era”, will kick off on Saturday with an opening keynote from Premier…
Date and time: Thursday, August 7, 2025 10.30-11.30am (HKT) The webinar will be live-streamed on this page. Bookmark it or add the event to your calendar to stay informed. Submit your questions to the panel and get them answered during the webinar. A fundamental shift challenging Silicon Valley’s dominance is under way, driven by Chinese…
LONDON, July 23, 2025–(BUSINESS WIRE)–What are the biggest cloud providers in Asia doing to meet the rising demand for AI inference? Omdia’s latest research offers an in-depth look at the evolving challenges of AI inference operations, the key trade-offs between throughput, latency, and support for diverse AI models, and the possible solutions. The report provides…
Raw oysters, frozen poultry and fresh eggs sold on mainland Chinese e-commerce platforms can still be delivered to Hong Kong, the Post has found, despite a joint warning issued by consumer watchdogs in the city, Macau and Guangdong province. According to checks by the Post on Wednesday, five pounds of fresh raw shucked oysters from…
CLN KraneShares Key News Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals. News broke that Treasury Secretary Scott Bessent will travel to Stockholm to meet his Chinese counterparts, a potential signal of further thawing in US-China…