NEWS

DJI, the world’s biggest maker of consumer drones, this week introduced the company’s latest flagship 8K panoramic video camera, the Osmo 360 – its first entry in the 360-degree imaging market. “The launch of the Osmo 360 is a testament to DJI’s years of experience and innovation in action cameras, responding to users’ diverse photography […]

Social media giant ByteDance, owner of TikTok and its Chinese sibling Douyin, says the median service length of existing employees was 2.9 years, while their average tenure was three years, the Beijing-based company disclosed at an internal meeting. According to two sources briefed on Thursday’s town hall meeting that was led by co-founder, chairman and

The article, entitled “How can we trust you, Nvidia”, called on the US company to “comply with requests and provide convincing proof of security” to help regain the trust of its Chinese customers. “Guarding network security is as important as protecting national territory,” the article said, adding that China should never use “sick chips”. The

China’s top three on-demand delivery service operators – Alibaba Group Holding, Meituan and JD.com – have publicly announced an “anti-involution” commitment, signalling a truce in their brutal price war. On Friday, the three companies vowed to engage in “rational” competition and resist offering excessive subsidies, according to separate statements published two weeks after China’s market

Hong Kong ushered in a new era of digital finance on Friday as its stablecoin ordinance took effect, putting cryptocurrency’s most-traded cash substitute under the same stringent oversight as banks and triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA). Some market observers were caught by surprise after

Meituan and JD.com are taking China’s delivery war to another level, as the two instant commerce rivals have started building thousands of central kitchens in strategic locations to speed up fulfilment of online food orders. On-demand local delivery giant Meituan is expected to continue leading the market through its launch of 1,200 so-called Raccoon Restaurants

Hong Kong-based OSL Group, the city’s first listed and licensed virtual-asset trading platform, sees optimism rise in the local market as the stablecoin law comes into effect this Friday. That assessment was made by Gary Tiu, executive director and head of regulatory affairs at OSL, at a symposium on Thursday about Hong Kong’s stablecoin era.

A research paper co-authored by Liang Wenfeng, founder of Chinese artificial intelligence start-up DeepSeek, was honoured with the best paper award at the Association for Computational Linguistics (ACL) conference in Vienna, Austria, widely recognised as the premier global conference for AI researchers. The paper, titled “Native Sparse Attention: Hardware-Aligned and Natively Trainable Sparse Attention,” was

A solid run for Hong Kong stocks showed signs of slowing, as the city’s benchmark headed for a two-week low after the US Federal Reserve appeared resistant to an imminent interest rate cut and China’s manufacturing sector shrank unexpectedly. The Hang Seng Index fell 1.1 per cent to 24,906.39 at the noon break on Thursday,

Alibaba Group Holding’s chief financial officer Toby Xu Hong reiterated the company’s confidence in China’s growing artificial intelligence sector and the consumer market’s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant’s significant investments in AI research, infrastructure, and on-demand delivery. Xu said Alibaba had earmarked 380 billion yuan