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US-China trade war
Temu has changed its US business model in response to President Donald Trump’s tariffs. Photo: AFP
E-commerce

Temu embraces local US sellers as Trump plugs ‘de minimis’ loophole

The shopping site is shifting its US business to a ‘local fulfilment model’, as tariff exemptions for low-value Chinese goods come to an end.

Artificial intelligence

Ant Group showcases its top AI researchers in bid to woo talent in tight market

Artificial intelligence

The SMC: what to see at the Shanghai AI incubator visited by Xi Jinping

US-China tech war

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

Chinese President Xi Jinping visits the Shanghai Foundation Model Innovation Center on Tuesday. Photo: EPA-EFE/Xinhua
Chinese President Xi Jinping visits the Shanghai Foundation Model Innovation Center on Tuesday. Photo: EPA-EFE/Xinhua
Artificial intelligence

Elon Musk teases Grok 3.5 hours after Alibaba’s Qwen3 generates buzz

Musk said the latest version of xAI’s Grok model can answer technical questions about rocket engines and electrochemistry.

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Artificial intelligence

Pony.ai partners with Tencent to provide robotaxi services on WeChat

With access to more than a billion users on Tencent’s platforms, Pony.ai is set to significantly boost its revenue potential.

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Semiconductors

China waives retaliatory tariffs on some US chip imports, report says

China has waived its retaliatory 125 per cent tariffs on certain semiconductor imports from the US, according to a Caijing report.

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China has reportedly waived retaliatory tariffs on some US chip imports. Photo: Reuters
China has reportedly waived retaliatory tariffs on some US chip imports. Photo: Reuters
Electric & new energy vehicles

Chinese carmakers put brakes on self-driving hype at Shanghai show

‘Safety’ is the big buzzword as firms adjust tone amid Beijing’s closer scrutiny after a fatal crash involving a driver-assistance system.

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Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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Business of climate change

China’s energy-storage sector in trouble as price war, tariffs dent outlook

Slower capital spending and weaker prices projected as tariffs set to hit China’s biggest export market for energy-storage systems.

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Inside a factory owned by RJECTech, which produces battery storage products in Nansha, Guangzhou province. Photo: Eugene Lee
Electric & new energy vehicles

EV makers urged to boost safety in self-driving systems after Xiaomi SU7 crash

Caution came as China’s level 2 driving automation system ‘has entered a critical period of large-scale application’.

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A person using a driverless autonomous robotaxi as part of Baidu’s Apollo Go self-driving project in Wuhan in August 2024. Photo: AFP
A person using a driverless autonomous robotaxi as part of Baidu’s Apollo Go self-driving project in Wuhan in August 2024. Photo: AFP
E-commerce

Shein, Temu to increase US prices next week, reflecting new tariffs

In nearly identical statements, Shein and Temu said prices would increase following US policy changes expected to impact how they operate.

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Semiconductors

AMD says US rule on chips to China could cost it US$800 million

The new US export control measure applies to MI308 graphics processing units (GPUs) designed for high-performance applications.

Meta Platforms

Meta chief Mark Zuckerberg testifies at landmark US antitrust trial

Meta is accused by Federal Trade Commission of abusing its market power to acquire Instagram, WhatsApp before they could become competitors.

Meta CEO Mark Zuckerberg is seen at the luncheon on the inauguration day of US President Donald Trump’s second presidential term in Washington on January 20. Photo: Reuters
Semiconductors

China’s chip trade faces uncertainty after growing in first quarter

As the trade war escalates, Chinese chip merchants have reportedly stopped providing price quotes.

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China’s semiconductor industry faces headwinds from an escalating tariff war. Photo: Xinhua
China’s semiconductor industry faces headwinds from an escalating tariff war. Photo: Xinhua
Artificial intelligence

New AI fund in China to pour US$8 billion into early-stage projects

The AI Industry Investment Fund was established by the industry and finance ministries with money from the Big Fund.

Apple

Apple’s supply chain under pressure from tariffs amid price hike speculation

The new tariffs will not hit iPhones assembled in China, but price hikes are expected with the iPhone 17 series this year.

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Robotics

Meet Peng Zhihui, the latest robotics star to catch the premier’s attention

The founder of AgiBot joins a new generation of tech entrepreneurs who have gained recognition from China’s top leadership.

Peng Zhihui, founder of AgiBot. Photo: Handout
Peng Zhihui, founder of AgiBot. Photo: Handout
US-China trade war

Chinese semiconductor, auto parts suppliers expect to gain from US trade war

Their view reflects Chinese tech firms’ increased confidence in providing highly competitive alternatives to US imports.

Digital currencies

Hong Kong remains upbeat on Web3 amid crypto market turmoil from US tariffs

Officials again touted the strength of the local Web3 industry, while Binance founder CZ avoided the event despite recent activity in the city.

DeepSeek

DeepSeek unveils new AI reasoning method amid anticipation for R2 model

In collaboration with Tsinghua University, DeepSeek developed a technique combining reasoning methods to guide AI models towards human preferences.

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DeepSeek has unveiled a new approach to improving reasoning AI models amid anticipation for the release of the follow-up to its popular R1 model. Photo: AFP
E-commerce

Trump tariffs, ‘de minimis’ exemption end challenge China’s e-commerce merchants

The policy changes affect many of China’s 120,000 online exporters, whose major market is the United States.

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Higher US tariffs and the end of duty exemptions pose a major challenge to China’s cross-border e-commerce merchants. Photo: Shutterstock
Higher US tariffs and the end of duty exemptions pose a major challenge to China’s cross-border e-commerce merchants. Photo: Shutterstock
Cryptocurrency

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Apple

Apple shares tumble as Trump imposes tariffs on production hubs

The new levies are likely to squeeze Apple’s margins, given that it is unlikely to hike prices to offset the effects, analysts say.

Electric & new energy vehicles

‘Millions of drivers need to be educated’ after fatal Xiaomi crash: analysts

Autonomous-driving features carry high safety risks amid a lack knowledge about how the systems work, leader of industry body says.

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Xiaomi will cooperate with the police after an accident involving the autonomous driving feature of its SU7 electric vehicle (EV) claimed three lives. Photo: Weibo/ 南京金刀客
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