A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoin price surge. Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s … Read more
Chinese President Xi Jinping is promoting the idea of a “shared future in cyberspace” at the country’s annual internet conference this year amid an intensifying US-China rivalry that has raised concerns about technological decoupling, particularly in artificial intelligence (AI) and semiconductors. The advance of AI technologies has improved humans’ ability to change the world, but … Read more
Google Play, the official online store for Android-based apps, has named Meituan-owned online delivery platform Keeta and fantasy role-playing game AFK Journey, developed by the global publishing unit of Shanghai firm Lilith Games, among the winners of its “Best of 2024” awards in Hong Kong. Keeta, which was rolled out in Hong Kong in May … Read more
Former Taiwanese leader Tsai Ing-wen is set to visit Canada on Wednesday in yet another overseas trip expected to provoke a strong reaction from Beijing. “[Tsai] will highlight the unwavering commitment of the Taiwanese people to safeguarding democracy and freedom and reaffirm Taiwan’s determination to collaborate with the international community in contributing to global stability … Read more
Chinese tech giant Baidu said on Tuesday that it has brought down the production cost of its Apollo RT6 self-driving vehicle to 250,000 yuan (US$34,525) per unit, marking a significant step towards making autonomous driving more accessible in China. Speaking at a trade event in Wuhan, capital of central Hubei province, Baidu co-founder, chairman and … Read more
China’s top spy agency has warned that foreign agents could use flaws in the country’s massive camera surveillance network to steal state secrets. The warning, posted on the WeChat account of the Ministry of State Security (MSS) on Sunday, came after a citizen from an unnamed city reported to the agency that video surveillance cameras … Read more
The People’s Daily, the mouthpiece of China’s ruling Communist Party, does not offer praise to foreign businesses very easily. But the newspaper broke with tradition over the weekend with an editorial paying tribute to Tesla, the US electric vehicle (EV) maker owned by billionaire Elon Musk, for helping create the domestic EV boom. The editorial, … Read more
Beijing’s top official handling trade and economic affairs talks with the United States inspected major container ports in China’s top exporting province on Sunday, amid concerns over the potential impact of US president-elect Donald Trump’s trade policies. During his visits to Nansha Port in the city of Guangzhou and Shekou Port in the city of … Read more
Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent … Read more
Taiwan is exploring the possibility of acquiring F-35 fighter jets and other advanced US weaponry, but pundits doubt the plan will get past Washington’s long-held concerns about military technology leaking into the hands of the People’s Liberation Army. According to a recent Financial Times report, Taipei has reached out to president-elect Donald Trump’s team about … Read more
