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The Zhejiang provincial government’s latest initiative reflects the increased importance of overseas markets for China’s e-commerce sector. Photo: Shutterstock

Policy

China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Economy

Global impact | US-China tech takes a turn as TSMC chips found in Huawei’s AI processors

In this week’s issue of the Global Impact newsletter, we take an in-depth look at the latest in China’s chip development.

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An employee produces semiconductor chips at a microelectronics enterprise in Hai’an, Jiangsu province. Photo: VCG via Getty Images
An employee produces semiconductor chips at a microelectronics enterprise in Hai’an, Jiangsu province. Photo: VCG via Getty Images

Tech War

TSMC tech in Huawei’s AI chips raises questions about ‘porous’ supply chain

It remains unknown how TSMC dies found their way into Huawei’s Ascend 910B, but analysts say it shows the limits of Washington’s sanctions.

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Tech Trends

The scientist on a mission to nurture AI talent in Hong Kong

Ma Yi explains why Hong Kong is an ideal place to attract global talent and how he is using the new role at the University of Hong Kong to promote academic exchange.

China Economy

Olive branch from Beijing to private firms: more access to national projects

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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Researchers work in a laboratory at Ocean University of China in Qingdao, Shandong province, this month. Photo: Xinhua

Policy

China’s biggest internet forum to focus on AI as Beijing eyes bigger role

The event, also known as the Wuzhen Summit, will run from November 19-22 under the theme of ‘intelligence for good’.

Delegates at the 2021 World Internet Conference in Wuzhen, Sept. 26, 2021. Photo: Xinhua
Delegates at the 2021 World Internet Conference in Wuzhen, Sept. 26, 2021. Photo: Xinhua

Policy

Tesla, HSBC among first foreign firms in China to apply for telecoms trials

The pilot allows foreign companies to ‘engage deeply in the Chinese market for services including cloud computing and computing power’.

Big Tech

TSMC chips found in Huawei’s AI processors open firms to fresh scrutiny

TSMC has denied that it sold chips to Huawei after TechInsights found that Huawei’s Ascend 910B had components from the Taiwanese firm.

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Tech War

ASML CEO sees US pressure building for more China semiconductor restrictions

The Dutch firm has a monopoly on making the lithography machines that help the world’s largest semiconductor foundries produce advanced chips.

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ASML chief executive Christophe Fouquet said much of the company’s business in China is focused on mature chip technology. Photo: Shutterstock

Big Tech

Tim Cook returns to China as Apple Intelligence roll-out remains uncertain

The Apple chief executive is keeping his ear to the ground in one of the US tech giant’s largest markets.

Apple chief executive Tim Cook poses for a selfie with famous Chinese photographer Chen Man in Beijing. Photo: Weibo
Apple chief executive Tim Cook poses for a selfie with famous Chinese photographer Chen Man in Beijing. Photo: Weibo

Big Tech

Philippines’ chip industry group courts TSMC, UMC in bid to move up value chain

‘Send us your depreciated equipment, and … we’ll train the Filipino workers that you can deploy in your global operations,’ the head of the group said.

Big Tech

Beijing AI academy boasts of new multimodal model’s performance

The state-backed Beijing Academy of Artificial Intelligence released a new model that it says can outperform Stable Diffusion XL on some tasks.

Tech Trends

InnoTech Forum: Hong Kong can evolve into an AI applications development hub

The InnoTech discussions reflect the steps being taken by the government and private sector to set the path for AI to thrive in Hong Kong.

InnoTech Forum 2024 panel for AI in action, left to right: Bien Perez of SCMP; Sony Han of IBM Consulting Hong Kong; Frank Pun of Insilico Hong; UBTech Robotics’ Michael Tam; and Maryann Tseng from SenseTime. Photo: SCMP

Big Tech

SenseTime CEO says infrastructure key to beating Chinese AI rival

SenseTime CEO Xu Li says the company’s infrastructure and AI model services will help it stay competitive in the years ahead.

SenseTime’s sign seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Photo: Reuters
SenseTime’s sign seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Photo: Reuters

Big Tech

Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

Policy

Mainland China detains four Taiwanese employees at ‘iPhone city’

Police in Zhengzhou city have detained four Foxconn staff on charges of breach of trust, according Taiwanese officials.

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Big Tech

US weighs Google break-up in historic Big Tech antitrust case

The US Justice Department may propose a forced sell-off of parts of Google’s business to prevent illegal monopolisation.

The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business. Photo: Reuters

Tech

Tech war: China advocates use of local AI chips over those from Nvidia

AI chip users on the mainland have been informally advised to prioritise local alternatives, including those from Huawei, sources say.

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While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit, sources say mainland AI chip users are being encouraged to adopt locally made alternatives. Photo: Shutterstock
While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit, sources say mainland AI chip users are being encouraged to adopt locally made alternatives. Photo: Shutterstock

Policy

From gold rush to fading dreams: the rise and fall of China’s e-commerce hub

As China’s economy struggles, a rat race in the e-commerce sector has taken a toll on merchants and manufacturers.

Blockchain

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.

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Blockchain

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock
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