Innovation

Keep track of the latest China technological innovations. 
South China Morning Post
  1. Alibaba Group and Qatar’s sovereign wealth fund are leading a last-minute financing of Chinese smart electric vehicle start-up, Xpeng Motors, ahead of its initial public offering in New York, according to a person familiar with the matter.E-commerce giant Alibaba is adding to its existing investment in Xpeng, one of Tesla’s challengers in China, while The Qatar Investment Authority (QIA) is a first-time backer.China’s electric car start-ups are tanking up on capital to fuel their fight for…
  2. Telemedicine, in which a doctor’s appointment happens over phone or video, could be the health care game changer to emerge from the Covid-19 pandemic. But a perfect marriage with offline services is needed to make the system work efficiently, say experts in the health care industry.“Due to Covid-19, people have noticed that a lot of things could be done online. But health care is unique. There is still a large portion of services needed to be done offline,” said Jeff Chen, chief innovation…
  3. Chinese researchers have developed a mobile device that can trace volatile organic compounds (VOCs), a key source of air pollution, as the country with the world's largest carbon emissions continues its battle to bring back blue skies.The equipment, comprising a vibration-resistant sensor, a positioning signal receiver and geographic information system, can be attached to vehicles to trace the distribution of VOCs in cities.VOCs are important precursors of ozone (O3) and PM2.5 matter – the most…
  4. Tesla reported a surprise second-quarter profit on Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new factory in Texas.The result clears the way for the highflying company led by Elon Musk to potentially join the S&P 500. A requirement for the prestigious Wall Street index is four successive profitable quarters, which Tesla has now achieved.Tesla shares – which have exploded in 2020 as the company has met key…
  5. Chinese researchers working in the United States have developed a method that their research university has claimed could open the door to dramatically shortening the time needed to test for Covid-19.The new approach – developed by researchers at Virginia Tech and known as biosensing – could allow test results to be obtained within minutes of taking samples, the university claimed, as health officials and scientists continue to seek fast and accurate detection of the disease.The mainstream…
  6. At this year’s World Artificial Intelligence Conference (WAIC) in Shanghai, Alibaba Group Holding founder Jack Ma spoke on stage at the opening ceremony. But not in person – he appeared as a holographic projection at the event on July 9, which took place mostly online amid the coronavirus pandemic.The day after Ma’s speech at the conference, shares for a relatively obscure Chinese company nearly quadrupled in price on the Nasdaq. Alibaba owns the South China Morning Post.WiMi Hologram Cloud,…
  7. Crises are the times when people come together best, and the current Covid-19 pandemic has seen communities, companies and institutions cooperate like never before, with everyone pitching in with what they have. The tech industry has risen to the challenge of this unprecedented global outbreak with admirable rapidity – identifying its strengths and skills while working with partners from the private and government sectors. Technology has long been used to provide innovative solutions to…
  8. Hong Kong-based corporate services provider Tricor Group has launched an online platform for listed companies to safely hold general meetings virtually amid the Covid-19 pandemic, hoping it takes off in the same way as the Zoom videoconferencing software.Tricor’s “SPOT” electronic meeting system allows shareholders of listed companies in Hong Kong to view the live broadcast of the general meeting, participate in voting and submit questions without being physically present at the venue.“The…
  9. Fundraising on China’s Star Market in Shanghai has rocketed, taking the fledgling technology board into second place globally so far this year in terms of funds raised.The exchange, also known as the Technology and Innovation Board, is just ahead of Hong Kong and trails only the Nasdaq, after market euphoria in China this month has sent stocks soaring.The Star Market, the brainchild of President Xi Jinping that will celebrate its anniversary on July 22, saw proceeds raised from initial public…
  10. China’s manufacturing heartland of Guangdong province has pledged to build 20 industrial estates by 2022 for firms that develop new industrial and business applications using 5G technology.The move by the provincial government is part of China’s programme outlined by President Xi Jinping to build “new infrastructure” to boost its economic recovery from the effects of the coronavirus outbreak.According to the action plan released last week by the provincial industry and information department,…