Apple last week introduced a Mini Apps Partner Program whereby it would ask a 15% cut of purchases made using its systems in mini apps and games on the iPhone. The announcement was the result of a protracted negotiation with Tencent, China’s most valuable company, whose WeChat serves as the world’s preeminent mini apps collection….
A draft of the “Anti-Monopoly Compliance Guidelines for Internet Platforms”, published over the weekend by the State Administration for Market Regulation (SAMR), focused heavily on the sophisticated, often opaque ways in which online platforms with significant market power can exploit technological advantages to exclude rivals and harm consumer interests. The document identified eight “new risks”,…
China’s internet giants are poised to drive the continued adoption of artificial intelligence in the country, with AI chip shortages unlikely to pose significant obstacles for the sector in the short term, according to JPMorgan analysts. Sustained user adoption of AI features would be a key theme in the coming year despite the absence of…
Key News After the market closed overnight, the government released the “Recommendations of the Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development”, which covered 15 key focus areas comprising sixty-one sub-areas. For investors, a few key points stood out: Accelerate high-level self-reliance in science and technology, and lead the…
China can learn from the United States when it comes to applying civilian innovations to the military, a Chinese geopolitical expert has said. In an article last week, Gu Jianyi, a researcher at Shanghai Jiao Tong University, said China could consider developing a new industrial ecosystem inspired by successful US firms such as SpaceX, Palantir…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…
Key News Asian equities were mixed overnight, as Hong Kong outperformed and Thailand underperformed. After an initial dip, growth stocks in Hong Kong climbed higher on robust volume, propelling the Hang Seng Tech Index to a four-year high as it closed above recent resistance. Concerned with Hong Kong outperforming and Thailand underperforming about missing the…
00:10 Speaker A Can China threaten the US dominance in AI? Well, the Shanghai composite, China’s mainland benchmark rose 3% in September alone. It’s longest monthly rally since 2017. Why? Well, Asian tech stocks have been on the rise. They’ve been benefiting from optimism around companies linked to AI developments. But is this optimism warranted?…
Regardless of how trade talks go, the US-China tech rivalry isn’t going away. From each side’s perspective, maintaining a lead in futuristic technologies matters significantly for economic growth and national power. Now, we’re entering round two. The first round was mostly defined by US export controls aimed at slowing China’s development of advanced technologies. These…
As Super Typhoon Ragasa barrels down on southern China, the country’s tech and manufacturing hub has gone into emergency lockdown mode. With the highest alert level declared, officials in Shenzhen – the southern manufacturing powerhouse with a reputation as China’s Silicon Valley – sounded the alarm for “wartime readiness”. Residents responded by scrambling to stockpile…