Asia

27 Mar HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets

Posted at 02:28h in Asia

Tokenised gold assets are not a new concept – they surpassed US$1 billion in value globally in 2023, according to CoinGecko, a platform that tracks the industry.‘We are proud that HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong...

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27 Mar Apple set to unveil AI strategy at June 10 worldwide developers conference

Posted at 01:59h in Asia

The iPhone maker announced the timing on Tuesday, saying the event will run through June 14. Though Apple did not say what it plans to unveil – in usual fashion – people familiar with the matter have said that the presentation will focus heavily on...

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27 Mar TikTok owner ByteDance accelerates generative AI efforts with increased talent acquisition, release of new tools

Posted at 00:30h in Asia

Beijing-based ByteDance’s website listed more than 320 GenAI-related job openings as of Tuesday, up from 307 vacancies posted a month earlier, according to a search conducted by the South China Morning Post.A specific search for jobs in the development of large language models (LLMs) –...

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26 Mar New Women Workplace Index to track female-friendly office policies in Hong Kong, Asia

Posted at 23:00h in Asia

“It’s not just about representation in management,” said Nicole Yuen, the founder and CEO of WWI, citing care for the elderly, unconscious biases, sexual harassment and a lack of flexible work as examples of continued obstacles.“There is still not much progress on making workplaces conducive...

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26 Mar Opinion | South China Sea: Philippines must softly manage disputes or miss out economically

Posted at 21:30h in Asia

Chinese finance and supply chains are transforming Southeast Asia’s infrastructure, renewable energy, mineral processing and electric vehicle landscape. But the Philippines is being left out. Does Manila’s drive to reduce China’s role in its economy come at the price of losing out to its peers...

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26 Mar Tsinghua University offers ‘disruptive tech’ programme to undergraduates with up to 200,000 yuan in funding

Posted at 15:00h in Asia

Tsinghua University has launched a new programme to cultivate disruptive tech talent, as the country continues to push innovation and self-reliance amid an intensifying tech war with the United States.The talent development programme calls for all current Tsinghua University undergraduates to launch their own innovative...

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26 Mar BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

Posted at 14:15h in Asia

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...

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26 Mar ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

Posted at 13:30h in Asia

Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not released as of Tuesday.The new app serves “as an extension of the Douyin platform, designed...

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26 Mar Alibaba connects Taobao and 1688 to tap new users as fierce e-commerce competition ratchets higher

Posted at 13:25h in Asia

Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition.Taobao has recently featured three online stores under the 1688 name as...

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26 Mar Xpeng, BYD executives say Greater Bay Area firms’ expertise in smart tech, superfast battery charging will drive EV growth in China

Posted at 12:00h in Asia

Almost all EVs will be equipped with smart driving technologies such as autonomous parking and navigation systems by 2029, he said. And by that time, battery-powered vehicles will dominate car sales and superfast charging technology will have greatly shortened the time required for charging EVs,...

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