Innovation

Keep track of the latest China technological innovations. 
South China Morning Post
  1. Chinese autonomous driving start-up WeRide said on Wednesday that it aims to expand its services in the central areas of cities, as the sector eyes commercialisation. “All we have achieved is aimed at covering urban centre areas one day,” said Tony Han, WeRide’s chief executive. The company will initially target Guangzhou, but its services were currently stretched thin because of a limited number of vehicles. “We are working to add more autonomous vehicles to our fleet, and hope this soon…
  2. China’s health care industry, the second-largest in the world with US$3.5 trillion spent in 2018, is attracting global telemedicine investors and service providers as the government gives technology a role to improve the allocation of vital medical resources.Companies like Medix Global, which provides second opinions, necessary tests and monitors recovery – known as medical case management – for individual customers, are seizing the opportunity left unattended by AliHealth, WeDoctor and other…
  3. Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a record as the most oversubscribed deal ever in Hong Kong attracting retail investors’ demand totalling HK$1.28 trillion (US$164.8 billion), according to preliminary data provided by people familiar with the transaction.The top price has helped the loss-making company raise US$5.4 billion, the biggest…
  4. [Sponsored article] Initiatives are under way to boost pride in the “Made in Hong Kong” label, which now carries a new meaning that reflects the city’s evolution from labour-intensive factories to innovation and technology (I&T) focused industries over the decades. In the 1950s and 60s, entrepreneurs tapped a fast-growing supply of manpower to turn Hong Kong into a global manufacturing and export hub. The city specialised in high-volume production for companies worldwide, churning out…
  5. From streets filled with cameras to apps that require biometric identification, facial recognition use has been growing in China but a new survey by a state media outlet indicates that Chinese residents are sceptical about the use of the technology in public spaces.A survey of 1,515 anonymous Chinese residents by Beijing News Think Tank on Tuesday found that 87.46 per cent of respondents oppose the use of facial recognition technology in commercial zones.And 68.64 per cent thought that facial…
  6. Huawei Technologies Co plans to sharpen the focus of its wearables research and development on health care, as the world’s largest telecommunications equipment maker pushes into new growth areas amid its struggles with US trade sanctions.The initiative could also enable Huawei to catch up with Xiaomi Corp, the world’s second-biggest wearables vendor behind Apple.Shenzhen-based Huawei is undertaking three health research programmes on hypertension management, body temperature and coronary heart…
  7. The city of Beijing will develop new “trillion yuan” hi-tech manufacturing clusters and strengthen its capabilities in areas such as artificial intelligence and quantum communication research, according to its new five-year action plan to be a global science and technology hub.The Chinese capital wants to attract more global talent by offering better work conditions, and opening up its research facilities to international scientists to boost China’s influence in global science and technology…
  8. China’s electric car assemblers and battery producers are setting a new goalpost in their battle for supremacy in the world’s largest vehicle market: a driving range of up to 1,000 kilometres (621 miles) on a single charge. Their new weapon is the solid-state battery, deemed a better option because the electricity from solid electrodes and a solid electrolyte is safer, more reliable and more efficient than the liquid or polymer gel electrolytes found in existing lithium-ion or lithium polymer…
  9. China’s production of integrated circuits and industrial robots surged in 2020, as the country boosted its output of hi-tech products amid tighter US restrictions, according to official industrial statistics. A similar growth rate in imported chips, however, suggests China remains far from its goal of self-sufficiency in the critical technology.The National Bureau of Statistics (NBS) released new data on Monday that showed the US blacklisting of Chinese tech champions like Semiconductor…
  10. Hong Kong could play a leading role in easing China’s financial integration with the rest of the world amid Beijing and Washington’s technology and trade war, according to the city’s securities regulator.Attempts by the Trump administration to decouple the world’s two largest economies had also cemented Beijing’s resolve to further expedite its financial integration with other economies of the world. This presented a “breakthrough” opportunity for Hong Kong, said Julia Leung Fung-yee, the…