HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not…
Hong Kong banks should use a government platform to verify new customers, experts have said, after eight people were arrested for allegedly using deepfake software to alter lost identity cards to set up new accounts. Experts told the Post that the inability of banks to verify personal data during the application process and their reliance…
The United States and China are not only locked in a growing tariff war that could drag the world economy into a recession but also stuck in an increasingly fierce competition in the field of artificial intelligence. So far, the US is seen as the leader in AI technologies but that does not necessarily mean…
China’s Communist Party has a history of purging and then welcoming back senior officials. Deng Xiaoping was purged three times before leading the country out of Maoism in the late 1970s. Some cadres are welcomed back years after their death. Jack Ma, Alibaba’s founder, endured the modern version of a purge in 2020. The initial…
Alibaba Group Holding founder Jack Ma delivered a rare speech to the company’s cloud unit on Thursday, laying out his ideas and vision for a responsible and human-oriented artificial intelligence (AI), as the tech giant pivots to become China’s AI enabler. Ma, 60, made a surprise visit to Alibaba Cloud’s campus in Hangzhou on Thursday,…
Ant Digital Technologies, the technology arm of Ant Group, has chosen Hong Kong for its international headquarters in a show of commitment to artificial intelligence (AI) and Web3 technologies, the unit announced on Tuesday. The subsidiary cited Hong Kong’s role as a “bridgehead” for its global strategy. The company plans to establish joint laboratories with…
Misa Zhu Mingming, an engineer who had worked at Alibaba Group Holding, left in 2014 to found his own venture, Rokid. The start-up, which develops smart glasses, was backed by angel investors that included Vision Plus Capital, formed by Eddie Wu Yongming and others before Wu became CEO of Alibaba in 2023. A decade later,…
President Xi Jinping’s high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore. “I wouldn’t underestimate the importance of that event,” Tsai said on Wednesday…
When Bonnie Chan Yiting was in Davos six weeks ago for the World Economic Forum’s (WEF) annual confab, the Swiss ski resort was abuzz with a groundbreaking app that a little-known artificial intelligence (AI) start-up had released half a world away in China. Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its…
When some of China’s leading entrepreneurs met Xi Jinping last week, state television showed only the back of their heads, and its 45-second clip included none of their words. But the meeting itself, the first of its kind for seven years, and the presence of Alibaba founder Jack Ma sent a powerful signal to the…