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Curation Team

1. Shanghai court declares crypto ownership legal amid bitcoin surge, Beijing crackdown
The ruling offers clarity for Chinese cryptocurrency holders despite ongoing restrictions on commercial digital currency activities such as trading and mining. The court distinguished between personal holdings and banned business activities as bitcoin saw a record-breaking price surge above US$94,000.
2. Rokid unveils US$345 smart glasses using Alibaba AI to challenge Meta in augmented reality market explosion
The Chinese AR start-up is taking on Meta with its new smart glasses powered by Alibaba’s Tongyi Qianwen AI. Rokid Glasses aims to capture a slice of the burgeoning consumer market with its affordable, lightweight design and advanced generative AI capabilities.
3. Apple reveals 95% of US$519 billion China App Store revenue goes to Chinese developers and companies
Amid growing competition with Huawei and scrutiny over its commission fees, Apple made a rare disclosure of the revenue generated from its App Store in China. Chief executive Tim Cook said the company is proud to help invest in local businesses.

4. BlackRock, JPMorgan, ChinaAMC harness AI for stock picks amid Hong Kong SFC’s new guidelines
Asset managers are leveraging artificial intelligence to choose possible stock investments by analysing social media signals, blogs and internet searches for tips and insights. While Hong Kong’s regulator has warned of potential risks, it has set guidelines for responsible AI use in finance.
5. Meituan to launch meal-delivery drones in Hong Kong amid Chinese tech giants’ rivalry in city’s low-altitude economy
The food delivery giant is joining other Chinese tech firms in expanding a presence in Hong Kong, aiming to be one of the first companies to operate a drone delivery fleet in the city. The company says it could cut delivery times in half by using drones instead of traditional methods.
Part of this article was produced with the assistance of generative AI.


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SCMP Highlights

Shanghai court says crypto ownership legal, food-delivery drones in Hong Kong: 5 new tech stories

Amid a record-setting bitcoin price surge, a Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law. Photo: Reuters

A Meituan drone, soon to be seen in the skies above Hong Kong, delivers takeaway food to customers in Shenzhen. Photo: VCG via Getty Images

Tech

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation


Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation.


.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation

1. .css-jfmysa{display:inline;word-break:break-word;}.css-1ankfgb{cursor:pointer;display:inline;word-break:break-word;}Shanghai court declares crypto ownership legal amid bitcoin surge, Beijing crackdown

2. Rokid unveils US$345 smart glasses using Alibaba AI to challenge Meta in augmented reality market explosion

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation

1. Shanghai court declares crypto ownership legal amid bitcoin surge, Beijing crackdown