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Wency Chen
Senior Reporter, Tech
Wency tells stories that explore how technologies are reshaping society, with a focus on cross-border e-commerce, AI, the supply chain and others. Before joining SCMP, Wency contributed to KrASIA, Wired, Rest of World, World of Chinese, Tech in Asia, Vice China (BIE), Harper's Bazaar, etc. She attended Columbia Journalism School.
Wency tells stories that explore how technologies are reshaping society, with a focus on cross-border e-commerce, AI, the supply chain and others. Before joining SCMP, Wency contributed to KrASIA, Wired, Rest of World, World of Chinese, Tech in Asia, Vice China (BIE), Harper's Bazaar, etc. She attended Columbia Journalism School.
Areas of Expertise:
Cross-border e-commerce, Big Tech, AI Languages Spoken:
English, Mandarin
The fines follow a period of intense competition that drove down prices and stalled profit-making at China’s food delivery platforms.
The company’s listing highlights its pivot from design tools to advanced AI-driven spatial platforms as it eyes overseas growth.
Chinese companies could be required to sell, transfer or shut down their US-based data centres and network nodes, analysts say.
The spatial design software developer is selling 161 million shares priced between HK$6.72 and HK$7.62 each, with listing set for April 17.
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Data-centre expansion and AI investment push global trade ahead of economic growth, consultancy says.
Listing plan comes as giants Apple, Meta, Alibaba, Baidu, Xiaomi and Huawei, plus start-ups like Xreal, Rayneo, anticipate market growth.
Price rises of nearly US$30 reflect surging memory costs, with analysts pointing to AI-driven demand and tight supply across the chip sector.
China’s commercial rocket champion plans to raise US$600 million on the Star Market after its listing application is accepted.
Spatial intelligence firm moves ahead of tech peers after clearing a key Hong Kong listing hurdle.
Yuanjie’s rise underscores how China’s optical chip firms are riding the AI infrastructure boom, with data centre demand driving growth.
Higher prices give China’s mature-node producers room to compete with US, European rivals without sacrificing too much margin, analysts say.
Results reflect a pivotal year for PDD Holdings, as breakneck growth gives way to more stable pace.
Listing, if approved, would be a bellwether of investor appetite for so-called embodied AI companies.
As tokens are positioned as the AI era’s commodity, China’s energy scale and low-cost models could give it a structural edge.
Prospectus reveals that company’s revenue jumped 335 per cent last year, while net profit surged nearly eight times.
TikTok owner sold three gaming units in 2024 – two to Tencent and one to a subsidiary of China Ruyi Holdings.
T-Head, mentioned for the first time in the company’s earnings, has shipped more than 470,000 AI chips as of February.
Cook shows up at an Apple Store in Chengdu as part of the company’s 50th anniversary celebrations.
The Chinese firms’ price increases are ‘a reasonable response to evolving market conditions’, says IDC China analyst Cui Tingting.
South Korea and Taiwan face the highest risk as they source most of their helium from Qatar, while Japan is seen as relatively stable, Fitch says.
Analysts expect steady growth, but investors will focus on AI strategy, capex and signs of monetisation at China’s tech giants.
Intended to increase AI coordination, the group will sit alongside Alibaba Cloud and the company’s e-commerce divisions.
Unable to absorb rising memory-chip prices, popular handset makers are passing on the costs to consumers.
Farmers, schools and healthcare facilities in rural China are benefiting from policies designed to promote the use of artificial intelligence nationwide.
The few retailers who still have units jack up prices as demand surges for the computer, seen as ideal for safely running the AI tool.
The automated agent requires unusually high levels of access to user devices, raising security concerns.
Industry leaders say the draft blueprint underscores Beijing’s determination to reduce reliance on foreign technology.
A boom in computing and data-centre sales helped lift revenue, but weaker demand for traditional telecom equipment weighed on profits.
Officials from Yangtze River Delta, Greater Bay Area outline ambitions after Xi Jinping calls on provincial economies to drive development.
