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APAC consumers are most excited about generative AI, but brand adoption lags behind: Adobe survey

While Asia-Pacific consumers and employees have shown strong support for generative AI adoption, efforts by business brands to formally adopt the technology have lagged, survey finds.

Expect China’s regulators to help AI firms in race against US, European peers

While China was an early mover in regulating generative AI, it is also highly supportive of the technology and the companies developing it. Chinese AI firms might even have a competitive advantage over their US and European counterparts, which face strong regulatory headwinds.

Hong Kong crypto venture capital firm CMCC Global launches US$100 million fund amid industry slump

CMCC Global, a Hong Kong-based venture capital firm, has raised US$100 million for a new fund aimed at backing Asian blockchain start-ups amid Hong Kong’s virtual asset push, despite the recent JPEX scandal.

AI advances ‘supercharge’ online disinformation, censorship and surveillance in growing threat to human rights, report warns

Generative AI-based tools were used in at least 16 countries to distort information on political or social issues over the period June 2022 to May 2023, according to the annual Freedom on Net report.

Facebook owner Meta to lay off employees in chip unit of metaverse-focused Reality Labs on Wednesday

The unit, called Facebook Agile Silicon Team, or FAST, develops custom chips for Meta’s AR and VR devices, which currently use silicon from external provider Qualcomm.

How Shein and Temu are changing the face of China’s export machine, making life easier for an army of small businesses

Newcomers like Shein and Temu are tapping China’s vast manufacturing capabilities and using their technology to connect producers directly with overseas consumers.

Twitter executives win US$1.1 million in legal fees from Elon Musk’s X

A US judge has ruled that Twitter violated its duties to cover legal expenses generated by the work of a group of the platform’s former executives, including one who was summoned to testify in a congressional inquiry.

US senators probe TikTok hiring of executives from Chinese parent ByteDance

The move calls into question the independence of the app’s operations and the security of US user information, lawmakers say in a letter to CEO Shou Zi Chew.

Apple changes China app store rules and is expected to restrict access to foreign apps as regulatory scrutiny mounts

Apple has updated its China app store rules amid tighter government policy requiring licensing of all apps for local users, as US tech giant moves to keep on right side of regulations.

Asian Games 2023: China bags over half the gold medals at esports events even as Beijing maintains its harsh policies over video gaming

Chinese teams won four esports gold medals out of seven matches at the Asian Games in Hangzhou, providing a morale boost for gaming fans who are miffed by Beijing’s hostility towards the industry.

In boost for semiconductor ambitions, Japan approves US$1.3 billion in subsidies for US chip firm Micron’s plant in Hiroshima

The subsidies will help US chip maker Micron install Dutch firm ASML’s extreme ultraviolet lithography equipment to make advanced semiconductors in Japan.

TikTok owner ByteDance’s valuation down 26 per cent to US$223.5 billion in stock buy-back from US employees, report says

ByteDance is looking to buy at least US$300 million worth of stock from current and former US employees at US$160 per share, according to The Information.

For Chinese chip-making, lack of advanced lithography systems becomes a focal point in wake of Huawei’s breakthrough

Chinese chip makers are constrained by the limits of their existing imported lithography equipment, and domestic machines lag far behind the cutting edge.

Suspicious crypto exchange alerts from Hong Kong regulators cause Futu Holdings to give impostor warnings

Futu Holdings, an online Chinese brokerage backed by Tencent, has warned that malicious sites are imitating its brand after three alleged domains were flagged by the city’s financial regulator.

Crypto trading in mainland China and Hong Kong drops along with East Asia activity, but adoption continues: report

Cryptocurrency trading volume was down in mainland China, Hong Kong, South Korea and Japan in the year through June, according to Chainalysis.

Tech war: Huawei’s Meng Wanzhou ends rotating chairmanship with 5G smartphone comeback, cementing heir-apparent status

Meng is seen as having cemented her role as Ren Zhengfei’s heir-apparent with a number of high-profile speeches in the last six months and after Huawei’s success with Mate 60 Pro.

Ex-SoftBank executive sets up UAE stablecoin, teams up with Hong Kong firm to target high-net-worth users

Akshay Naheta, who pitched SoftBank on selling chip firm Arm to Nvidia, set up his stablecoin firm DTR in the emirate’s financial free zone in Abu Dhabi.

SenseTime says a former IP rights employee is under police investigation in China

The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.

Tesla rival Li Auto breaks sales record for the sixth month amid healthy EV demand in China

The carmaker, one of China’s EV marques, broke monthly sales records again, riding on robust demand in the world’s largest EV market.

Asian Games 2023: from robot dogs to hot meals vending machines, Chinese tech firms chase new customers in Hangzhou

The major sport event is seen as a golden opportunity for tech firms to lend support to a major state event and showcase their inventions to a wider audience.

Huawei’s 5G smartphone comeback, with advanced chip wrapped in secrecy, releases chokehold of US sanctions on China tech

Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.

Former chip guru at Tsinghua Unigroup pleads guilty in corruption trial after Beijing’s anti-graft push

Zhao’s guilty plea comes amid Beijing’s increased scrutiny of corrupt practices in the chip sector as the country develops its domestic semiconductor industry.

TikTok sends team to Jakarta in scramble to respond to Indonesia’s ban on social media e-commerce

The Chinese short video app has sent a team from Singapore to talk with Indonesian officials about the new law that has taken immediate effect, threatening TikTok’s business model.

Tech war: FCC says reinstating ‘net neutrality’ rules could boost agency’s authority to remove Huawei, ZTE equipment from US networks

Washington’s efforts to counter Chinese tech giants Huawei and ZTE come amid US fears that Beijing could use their equipment to spy on Americans.

Chinese smartphone giant Xiaomi expands production footprint in India with local contract manufacturer Padget Electronics

Xiaomi’s new alliance with Padget Electronics in India shows how major handset brands are boosting their production in the world’s second-biggest smartphone market.

China proposes relaxation of security reviews for most cross-border data flows, bringing relief for multinationals

The proposed relaxation comes at a time when Beijing is trying to turn a friendly face towards multinationals and after the previous rules threatened investment in the country.

Alibaba’s Taobao and Tmall chief Dai steps away from roles at subsidiaries to focus on core e-commerce business: reports

Trudy Dai Shan no longer holds legal representative roles at several Alibaba subsidiaries indicating she will focus all her efforts on Taobao and Tmall Group.

Huawei facing more strife in Europe after report Germany is considering a ban on Chinese gear in its 5G networks

According to reports, Germany is mulling a ban on Chinese suppliers in its 5G networks, which would be a major setback for Huawei.

How technology can provide overseas Chinese with a sense of comfort and community in a new country

Apps such as Weixin and WeChat help people living abroad stay connected with relatives from afar while also building a network of local friends.

Crypto exchange Binance exits Russia amid US investigations on breach of Ukraine sanctions

The world’s largest exchange says it is selling its Russia business to a newly launched company because ‘operating in Russia is not compatible with Binance’s compliance strategy’.

Apple iPhone 15 Pro users complain that device can get too hot

Some customers say that the back or side of the phone becomes hot to the touch while gaming, conducting a phone call or charging.

Meta launches Quest 3 VR and AR headset, just ahead of Apple’s Vision Pro

The Facebook owner has introduced its latest line-up of head-worn devices, staking fresh claim to the VR/AR industry just ahead of Apple pushing into the market.

Hong Kong fintech unicorn WeLab targets eight-fold growth in customers, tapping digital banking demand in Southeast Asia

WeLab, a Hong Kong-based fintech unicorn backed by billionaire Li Ka-shing, wants to grow users to 500 million in next decade by tapping demand for digital banking in Southeast Asia.

Apple missing from China’s list of 26 registered app stores after requirement to submit information to government

The list of registered app stores in the country includes Xiaomi, Oppo, Vivo, Huawei and even Samsung, but not the mainland’s fourth-largest smartphone brand.

Alibaba’s Cainiao, one of founder Jack Ma’s grand projects, to heat up China’s logistics industry after US$1 billion IPO in Hong Kong, analysts say

About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.

China may have won esports gold in Arena of Valor but victory unlikely to change Beijing’s tough stance on video gaming

Despite esports gold at Asian Games, Chinese video gamers see little prospect of an overall sea change in Beijing’s tough approach to governing the industry.

US to indefinitely extend China waiver for South Korean chip makers: Yonhap

The US commerce department will reportedly allow Samsung and SK Hynix to keep sending certain US chip-making tools to China.

Elon Musk’s X, formerly Twitter, is the biggest source of fake news, primarily from Russia, EU official says

A study of six online platforms in Poland, Slovakia and Spain finds that Twitter has the highest prevalence of disinformation.

Amazon faces landmark monopoly lawsuit by top US consumer watchdog FTC

The e-commerce giant is accused of forcing sellers to use its warehouses and delivery services, inflating costs for consumers and sellers.

SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences

Four exchanges are HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech – all of which tout their commitment to operating in accordance with crypto regulations.

Hong Kong marketers looking to adopt generative AI tools face multiple challenges, such as copyright and legal risks

Businesses in the city find that copyright concerns and legal and privacy risks are all key concerns when it comes to use of AI tools.

Asian Games 2023: China win first esports gold medal in Hangzhou playing Tencent’s Arena of Valor

The undefeated Chinese team cleaned house in the Tencent mobile game, an international version of Honour of Kings, with a 2-0 victory over Malaysia.

Alibaba’s Cainiao and AliExpress start ‘5-day global delivery’ service for consumers in UK, Spain, Netherlands, Belgium and South Korea

Consumers in the United Kingdom, Spain, the Netherlands, Belgium and South Korea will now receive their parcels within five working days of placing an order on AliExpress, thanks to its joint initiative with Cainiao.

Alibaba, Tencent break more digital barriers between WeChat and Taobao-Tmall as economic uncertainty in China mounts

Users who click on some advertisements placed on Tencent’s WeChat Channels will be directly taken to Alibaba’s Taobao and Tmall, the companies say.

Alibaba’s Cainiao files for US$1 billion IPO, helping Hong Kong to land biggest listing since August 2022

The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.

How net zero by 5 Chinese tech giants, which account for 2.5 times Hong Kong’s annual emissions, can decarbonise 25% of Hang Seng Index

Chinese ICT giants Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong’s annual emissions if they achieve net zero emissions, think tank China Water Risk says.

TikTok shopping ambitions face blow as Indonesia plans curbs to protect small sellers

The new rules will allow ByteDance’s TikTok to advertise products, but not conduct direct transactions.

Getty Images to launch artificial intelligence image generator, feeding on its own stock photos

The move is part of the company’s attempt to create AI content while sidestepping thorny legal issues such as copyrights.

OpenAI updates ChatGPT with ability to hear and speak, see images, but it still cannot sing

A major update by OpenAI will give the chatbot abilities such as reading AI-generated bedtime stories and talking about a travel destination while the user is driving there.

Hong Kong cryptocurrency firm loses US$200 million in largest theft of its kind this year

The theft is the 10th largest crypto hack of all time and the biggest so far in 2023, according to blockchain research firm Elliptic.