Month: January 2024

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday at a stadium in Shenzhen, the company’s home city in southern Guangdong province. Founded in November 1998, Tencent must find new lifelines in its video gaming and social media operations, Ma told employees at the event, according to two sources who were in the meeting. He expected 13-year-old WeChat, in particular, to grow further as “an old tree should put…

Tsai is now facing calls from her party to lead the inauguration of the renovated pier next month – in a symbolic reassertion of Taiwan’s claims over Taiping, also known as Itu Aba. Does Taiwan-held Taiping Island need a longer runway? Taiwan’s Coast Guard Administration (CSA) said that the completed project cleared inspection checks on January 20. “With the newly renovated pier, we plan to dispatch a 100-tonne petrol vessel to Taiping later this year for regular stationing,” an official said on Monday. Military frigates and other vessels of up…

China Evergrande Group’s overseas creditors are likely to remain on tenterhooks, as the crucial question that follows its liquidation order in Hong Kong is whether the liquidators will be able to secure recognition and help from mainland Chinese courts to effectively seize assets within the mainland. A pilot measure for mutual recognition and help in insolvency proceedings between the courts on the mainland and Hong Kong agreed in mid-2021 could face a real test, according to legal experts. The Hong Kong High Court approved a petition by creditors to liquidate…

“We want to really encourage investors who are in that particular [green energy] space on how they can come invest in those areas,” Seeruttun told the Post at last week’s Asian Financial Forum in Hong Kong. “Solar energy is one thing that we are promoting, and of course, we need to see – [for] promoters who are interested – how we can facilitate their entry into the market.” With US making ‘game changing’ moves, China steps up African economic ties The government has said that goal will help it honour…

Seres said it expects the final tally of its 2023 losses to fall in the range of 2.1 billion yuan (US$295.6 million) to 2.7 billion yuan, which narrowed from its 3.8 billion yuan loss in 2022, according to the company’s earnings estimates last Thursday. It estimated revenues increased by as much as 7 per cent to 36.5 billion yuan last year. The carmaker attributed the ongoing losses to increased investment in research and development in high-end EV technologies, poor sales in the first three quarters and higher marketing costs. This…

Washington is also working with the European Union to build a new 800km rail line between Angola and Zambia. During his trip to Angola last week, US Secretary of State Antony Blinken said the railway investment was “the biggest investment the United States has made in railways on the African continent in well over a generation”. US is ‘all in’ for Africa, Antony Blinken says in opening coastal tour He said the investment in Angola “will secure critical mineral supply chains that are essential to the economic futures of all…

A total of 14 LLMs and enterprise applications were recently given the green light by authorities for commercial use, according to local media reports and company announcements including those from smartphone giant Xiaomi, AI specialist Beijing Fourth Paradigm Technology Co and Beijing-based tech unicorn 01.AI, founded by venture capitalist Lee Kai-fu. This new batch includes a number of industry-specific LLMs, compared with the general AI models from previous approvals, reflecting how AI development and regulation in mainland China are pushing the technology to boost efficiency in enterprises. Sample image of…