Recap | ByteDance AI bot becomes No 1 in China, AMD cuts 1,000 jobs to battle Nvidia and more top tech stories

Recap | ByteDance AI bot becomes No 1 in China, AMD cuts 1,000 jobs to battle Nvidia and more top tech stories

1. ByteDance’s ChatGPT-like Doubao AI bot becomes No 1 in China with 51 million users Doubao has become China’s top AI app with 51 million active users, surpassing competitors like Baidu’s Wenxiaoyan and Alibaba’s Kimi. Free and versatile, it excels in various tasks including text, image, audio and video generation, and data analysis, making it…

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Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong amid China’s tech drive

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong amid China’s tech drive

China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and vastly exceeding that of neighbouring Hong Kong to cement its position as a national research mecca. Shenzhen’s R&D expenditure jumped to 223.66 billion yuan (US$30.93 billion) in 2023, surpassing the 200-billion-yuan mark for the first…

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Why is Beijing prodding Hong Kong developers to go for reforms and megaprojects?

Why is Beijing prodding Hong Kong developers to go for reforms and megaprojects?

Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…

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Beijing’s point man on Hong Kong affairs urges tycoons to bid on long-term projects

Beijing’s point man on Hong Kong affairs urges tycoons to bid on long-term projects

Beijing’s point man on Hong Kong affairs has called on property tycoons to back the government’s long-term development drives such as the Northern Metropolis by actively bidding for the projects involved, the city’s development minister has said. Secretary for Development Bernadette Linn Hon-ho on Saturday revealed the appeals by Xia Baolong, director of the Hong…

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Senior Beijing official calls for ‘concrete action’ as he meets Hong Kong tycoons

Senior Beijing official calls for ‘concrete action’ as he meets Hong Kong tycoons

Beijing’s point man on Hong Kong affairs has urged real estate tycoons and business leaders to “recognise their responsibilities” and take “concrete actions” to support the city’s economic development, the Post has learned. Even as he acknowledged them as a “major force” in the economy, Xia Baolong, director of the Hong Kong and Macau Affairs…

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