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Bitcoin, bikes, bots and more: seven of the biggest tech stories of 2017

From the dizzying ascent of bitcoin, the boom-and-bust cycle of China’s bike-sharing market, and the large bets made on artificial intelligence, here are some of the major technology stories this year.

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Bitcoin has grown in value from about 39 US cents to more than US$18,000 in just eight years. Photo: Bloomberg

If there is a common thread that weaves through some of this year’s biggest technology stories, it is the inevitability of change and the disruption that follows.

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Bitcoin built up interest in the trading of virtual currencies, which was embraced by start-ups as a way to raise funding from savvy investors without being subject to regulation.

Bike-sharing services quickly caught on in China, where pedal power combined with the efficiency of mobile apps and digital payments to create the country’s hottest transport trend.

News on major hi-tech initiatives in Hong Kong and the mainland were typically dominated by Baidu, Alibaba Group Holding and Tencent Holdings – the Chinese internet triumvirate collectively known under the acronym BAT.

The activities of those three companies continued to grab headlines because of the intersecting spheres of interest they have created in the fields of online search, e-commerce, gaming, social media, financial technology, cloud computing and recently, artificial intelligence (AI).

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What follows represent some of the most widely read tech stories in the South China Morning Post this year:

Riding the cryptocurrency wave

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