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China's artificial intelligence breakthroughs in recent years stemmed from the country's strategic strengthening of its power grid, commitment to open-source models and complete manufacturing supply chain, according to Joe Tsai, chairman of Alibaba Group Holding. “Currently, geopolitical complexities are deeply affecting supply chain security and the sharing of technological achievements,” Tsai said in a speech on Sunday at the China Development Forum 2026 in Beijing. “In this era and......

Steven Li sells cosmetics to overseas customers from the eastern Chinese province of Jiangsu. This month, amid the popularity of the OpenClaw AI agent framework, he expanded the business by “hiring” four “AI employees”. On the front lines, the AI customer service manages real-time inquiries 24/7 on WhatsApp, while a “digital sales” agent provides price quotes. Behind the scenes, a third role ensures operational transparency by providing tracking status for every order, while an “operations......

Gold prices have continued to weaken despite escalating tensions in the US-Israel conflict with Iran, breaking from the metal's traditional role as a geopolitical hedge, as fading expectations of interest rate cuts and a stronger US dollar weigh on sentiment, analysts said. The metal has declined about 15 per cent since a brief surge on March 2, when prices climbed to around US$5,300 per ounce following US and Israeli strikes on Iran. A modest rebound driven by technical buying on Friday did......

Retailers and restaurant operators in Hong Kong are rethinking how they use space as rents fall and demand weakens by moving back to street-level shops and experimenting with short-term “pop-up” leases. Hing Kee Java Edible Bird's Nest (JEBN), known locally as “Lau Soeng” – Cantonese for “upstairs” – built its business by avoiding expensive street-front rents and operating from higher floors. It is now doing the opposite. “After the pandemic, the retail market has been weak,” said Wallace Chong,......

HSBC CEO Georges Elhedery has vowed to continue investing in China amid escalating trade tensions after witnessing new trade opportunities from Chinese companies going global. While attending the two-day China Development Forum (CDF) 2026 in Beijing on Monday, Elhedery characterised China's current trajectory as a “new phase of development” that would define the next era of global economic growth. Although 2025 saw steady growth in global trade, the landscape has been complicated by shifting......

Chinese tea brands are accelerating their expansion into South Korea, driven by intensifying competition at home and rising demand for healthier beverages in a market long dominated by coffee. Chagee, known for its milk tea and branding inspired by traditional Chinese culture, said it planned to open three stores in Seoul in the second quarter, marking its first expansion into East Asia outside China. The company operated 7,338 teahouses as of the end of September and has built a significant......

Nvidia CEO Jensen Huang says the US robotics industry will have to rely on China's supply chain despite the US pioneering the market, as the company bets on physical AI and looks to return to the Chinese market. “I think China is formidable,” Huang said when asked about the country's rise in the robotics industry during a podcast hosted by Silicon Valley tech executives. “The reason for that is because their microelectronics, motors, rare earth and magnets – which are foundational to robotics –......

As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. One morning in December, Zhang Li showed up for work as normal at Everwin Toys in Dongguan to find a......

In late 2022, Syed Musheer Ahmed packed his bags and departed Hong Kong. The founder of fintech advisory firm FinStep Asia headed for Dubai, where he joined the founding team of the Gulf city's new digital-asset regulator, Virtual Assets Regulatory Authority (VARA). Like many in Hong Kong's crypto scene at the time, Ahmed was drawn by the Middle East's regulatory clarity – a stark contrast to the uncertainty and Covid-19 restrictions still lingering in his adopted home. “Dubai came up as a good......

Surging jet fuel prices amid the US-Israel war on Iran are pushing global airlines including Chinese carriers to raise fares, with an industry leader warning that prices could rise by up to 9 per cent if the energy crisis continues. China Eastern Airlines, China Southern Airlines and at least two private Chinese carriers are among a growing list of global airlines that have raised fares since US-Israeli strikes on Iran started on February 28. Global airfares could rise by 8 to 9 per cent if fuel......

Hong Kong Exchanges and Clearing (HKEX) last week proposed its biggest set of listing reforms since 2018 for Asia's third-largest stock exchange. Delivered in a consultation paper, the reforms aim to further improve the competitiveness of the exchange that topped the world rankings for initial public offerings (IPOs) last year. The bourse operator will collect views on the proposals, which include broadening a special listing regime for innovative companies and opening the door for listings by......

Chinese tech giant Huawei Technologies has launched the Atlas 350 accelerator card for inference, boasting higher computing power for artificial intelligence applications and better performance than US rival Nvidia's H20, as AI rapidly advances into the agentic era. The Atlas 350 AI accelerator card would be powered by Huawei's latest Ascend 950PR chip, designed to deliver enhanced computing power and storage for AI inferencing, said Ma Haixu, a vice-president at Huawei, at the firm's China......

Unitree Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has filed for an initial public offering (IPO) on Shanghai's Star Market, seeking to raise 4.2 billion yuan (US$610 million) as revenue and profits surge on the back of rising interest in embodied artificial intelligence. The listing application has been formally accepted by Shanghai's exchange following a “preliminary review” on Friday. The 10-year-old company recorded revenue of 1.71 billion yuan last year, up 335 per......

ByteDance has struck a deal to sell its gaming studio Moonton to Savvy Games Group, a Saudi gaming company owned by the country's sovereign wealth fund, for more than US$6 billion, the two sides said on Friday. Moonton, known for the popular online battle title Mobile Legends: Bang Bang, recently signed an agreement to sell to Savvy, owned by Saudi Arabia's Public Investment Fund, Moonton CEO Zhang Yunfan said in an internal memo on Thursday seen by the South China Morning Post. A Savvy......

Global concerns are rising over the fate of ships and crews trapped in the Strait of Hormuz amid the intensifying Middle East conflict, as reports spread that Iran is rolling out screening processes and steep transit fees for vessels using the waterway. The International Maritime Organisation (IMO) called for the establishment of a “safe maritime framework” to ensure the swift evacuation of merchant ships confined within the Persian Gulf, after holding a special session on the Middle East......

Lo Ying-sui, a younger brother of Great Eagle Holdings' chairman Lo Ka-shui, has started selling residential units in a sign that some investors prefer to maintain liquidity amid an uncertain property market cycle. Land Registry records showed a unit registered under Joy Eagle was sold to King Faith International for HK$19 million (US$2.4 million) on March 17. A company search showed that Joy Eagle's directors include Lo Ying-sui and his wife Lim Boon Tuang Lynda. Lo is also a non-executive......

Chinese stocks have emerged as outperformers in the latest oil shock, reversing their reputation as laggards, as crude takes a back seat to renewable fuels in the world's second-largest economy. The CSI 300 Index of stocks trading on the mainland's exchanges has dropped 3.1 per cent since the US and Israel began attacks on Iran on February 28, outperforming the S&P 500, the Euro Stoxx 50 and Japan's Nikkei 225, which have all slid at least 4 per cent during the period. This marked a turnaround......

When Esther Wong was in high school, she would skip the subjects she did not like and instead head to the library to read books with subject matter she did like. That love of learning stayed with her as she went from studying hospitality management to building a career on Wall Street before transitioning into the world of artificial intelligence and her current role as the CEO and co-founder of 3C AGI Partners, an AI venture fund based in Hong Kong. Victoria Tang-Owen, a Hong Kong designer and......

Alibaba Group Holding unveiled the preview version of its most powerful artificial intelligence model to date, solidifying its position as China's leader in the race to catch American giants like Anthropic, Google and OpenAI. Qwen3.5-Max-Preview, the flagship model of Alibaba's Qwen 3.5 family, is now available on Arena, formerly known as LMArena, a model performance community created by researchers from UC Berkeley. Alibaba, which owns the South China Morning Post, unveiled the model on......

AstraZeneca said it would establish drug manufacturing facilities in Guangzhou and Shanghai as well as a separate innovation centre in Shanghai, joining a group of foreign players building new plants in China amid geopolitical tensions. The moves are part of a US$15 billion commitment the British firm pledged to make in the world's second-largest drug market through 2030, unveiled during UK Prime Minister Keir Starmer's visit to Beijing in January. China's manufacturing capabilities, integrated......