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Day: March 17, 2026
Chinese tech enthusiasts ‘raise lobsters’ in latest AI craze
On a recent evening in Beijing, more than 100 technology enthusiasts packed into a rooftop bar to learn how to use OpenClaw, a new AI tool that has taken China by storm. The open-source platform is used to create assistants that can do everything from browsing the web and sending messages to executing commands on a computer. Developed by a European engineer, OpenClaw has become so popular in China that “raising a lobster” — a nod to its crustacean logo and the time needed to install and train the AI…
Li Ka-shing builds cash pile as Hong Kong family empire looks to its next deal
From the Port of Rotterdam to the retailer Superdrug, and from London’s electricity grid to the mobile network Three, one thing is clear: Li Ka-shing is not sentimental. Hong Kong’s most prominent tycoon has racked up tens of billions in disposals over the past few years, including the planned sale of his global ports, which would have netted about $19bn in cash but has run into a political storm because two of them are on the Panama Canal. All of the wheeler-dealing raises questions about why the Li family wants…
Japanese PM set for high-stakes meeting with Trump over Iran
Prime Minister Sanae Takaichi faces one of the toughest tests of her five-month premiership when she visits the White House on Thursday after Donald Trump urged Japan to send warships to the Strait of Hormuz. Trump’s call for help reopening the critical waterway has created panic among Japanese officials who had focused on investment deals to placate the US president and on getting support for Takaichi amid Chinese criticism over her comments on the role Japan would play if China attacked Taiwan. Kurt Campbell, a former US deputy secretary of…
China adapts C909 jet operations in Laos – a blueprint for Southeast Asia and beyond?
China’s leading planemaker is seeking to replicate the C909 regional airliner’s success in Laos, drawing on the experience as it steps up its sales pitch in Southeast Asia – a vital step in its effort to eventually rival Boeing and Airbus. The Commercial Aircraft Corporation of China (Comac) has ambitious plans in the region and beyond and is laying the groundwork through technical adjustments and regulatory adaptations, according to a company document seen by the South China Morning Post. To attract more customers in developing markets for the C909 and…
Rescuing a key Confucian text from centuries of ignominy
From around the turn of the century, a revived Confucianism was all the rage. Mainland Chinese academia heavily promoted it. Beijing politicised it as compatible with communist ideology. For state propaganda departments, Confucianism was repackaged as a cultural product for foreign consumption. So why study Confucius today? Well, why read any great philosopher? But there is a more immediate answer: Confucianism is more relevant than ever. Advertisement We live in a time of democratic retreat and authoritarian rise around the world, including in the West. Western political discourse, at least…
Controversy haunts likely death of China’s hypersonic weapons expert Fang Daining
Fang Daining, a key scientist in China’s hypersonic weapons programme, has died at the age of 68, according to an image of an obituary notice that began circulating on Chinese social media last week. Early online discussions included claims that Fang, who was also a Chinese Academy of Sciences (CAS) member, the country’s highest academic title in science and technology, suffered an unexpected medical episode during a work trip to South Africa. The South China Morning Post could not confirm the online claims. Advertisement Some social media users said they…
Chinese national and Kenyan associate charged with illegally smuggling ants
A Chinese national and a Kenyan man were charged Tuesday with unlawfully dealing in wildlife species after they were found in possession of hundreds of live ants stored in specialised tubes. The case was the latest focused on the alleged smuggling of ants in the East African country, where authorities last year described a growing trend in the trafficking of ants to markets in Europe and Asia. Officials have not said if the ants are sought after as pets or for other purposes. The suspects, identified as Zhang Kequn and…
Chinese banks outpace rivals in Hong Kong wealth growth on IPO boom, capital flows
The wealth management businesses of Chinese investment banks in Hong Kong are growing faster than those of international rivals, as a buoyant initial public offering (IPO) market and rising cross-border flows strengthen their competitive edge. “Chinese investment banks are seeing accelerated growth … because [their] base is smaller and the current market environment favours them,” said Wang Lei, CEO of Huatai Financial Holdings (Hong Kong), in an interview with the South China Morning Post, adding that foreign rivals were also expanding, but at a slower pace. “Hong Kong is a…
BHP names Brandon Craig as its new chief executive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BHP announced that Brandon Craig, its head of the Americas, has been appointed chief executive, as the world’s largest mining company focuses its growth strategy on copper and potash. Craig will succeed Mike Henry, who has been BHP chief executive since the start of 2020, on July 1, the Australian company said early on Wednesday local time. Henry, who had been tipped to step down this year, presided over a…