China’s tech hub Shenzhen mandates leniency for innovators whose state-funded projects fail

China’s tech hub Shenzhen mandates leniency for innovators whose state-funded projects fail

Authorities in China’s southern tech hub of Shenzhen have called for leniency towards innovators whose government-funded projects fail or do not pass evaluation. The first policy statement of its kind from the Shenzhen Science and Technology Innovation Commission comes as China aims to cement the city’s status as a hi-tech powerhouse and reduce reliance on…

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China tech contest features robotics, US$200,000 prize pool amid AI investment frenzy

An innovation competition co-organised by China’s fintech giant Ant Group and renowned universities including the Chinese University of Hong Kong (CUHK) is featuring robotics for the first time, a reflection of rising interest in the technology. The ATEC Championship 2025, hosted by the industry-university-research collaboration platform Advanced Technology Exploration Community (ATEC), has adopted the theme…

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