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
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
Fewer Westerners are working in major Chinese cities as high-paying jobs dry up amid slow economic growth, with living costs and China’s geopolitical tensions with the West also taking their toll. But some of those gaps are being filled by professionals from Southeast Asia, as foreign firms increasingly turn to local or regional talent. Census … Read more
A near-1kg Alba white truffle set a new record price at the 25th World Alba White Truffle Auction which raised HK$3 million for charity. The premium lot included an Italian trip and exclusive dining experience, and went to a Hong Kong bidder. Shanghai-based food writer Christopher St. Cavish, renowned for his expertise on Chinese cuisine, … Read more
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and … Read more
A UK family’s travel adventure turned into an unexpected nightmare in Shanghai, China, when a simple visa oversight led to their detention, fine, and forced exit from the city after just one night. Nadia, Irfan, and their young son Zakariya, who document their journeys for over 55,000 followers on TikTok (@fieldofvisions), shared their unsettling experience, … Read more
With one of the biggest booths at the CIIE’s Intelligent Industry & Information Technology section, Samsung featured its GDDR7 chip, touted as one of the world’s most advanced memory products for graphics processing, as well as the HBM3E, which is designed for high-performance computing applications and artificial intelligence (AI) development projects. SK Hynix, meanwhile, showcased … Read more
“Some call him the [Anthony] Bourdain of China,” food writer Michael Maclaren once said of Christopher St. Cavish. Asked at the time how he felt about the comparison by Maclaren, a contributor to Time Out Shanghai magazine, St. Cavish laughed and said, self-effacingly, “Maybe one day I’ll get there! But [Bourdain] was way more talented … Read more
They joined about 400 other companies at the Intelligent Industry & Information Technology exhibition, as part of this year’s China International Import Expo (CIIE) event. The six-day trade show will conclude on Sunday. Taking part in the CIIE reflects how these foreign semiconductor technology vendors see the world’s second-largest economy as a vast market for … Read more
Artificial intelligence (AI) chip start-up Biren Technology, considered key to China’s efforts to reduce reliance on US chipmaker Nvidia, said it has significantly increased the performance of its hardware when training large language models (LLMs) by working with a Tencent Holdings-backed supplier of computing power, or compute. Biren, which Washington placed on a trade blacklist … Read more
