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The CRRC booth is seen in the advanced manufacturing section of the China International Supply Chain Expo in July. The train maker was probed by Brussels last month. Photo: Xinhua
China-EU relations

Discriminatory and egregious: China blasts EU’s subsidy crackdown

Commerce authorities vow to defend firms such as Nuctech and CRRC, while Beijing continues talks with Brussels over EV tariffs.

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Australia

Why Southeast Asia’s move to protect children online may fuel state surveillance

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E-commerce

No ‘lowest-price’ requirement: China warns platforms on monopolistic tactics

Electric & new energy vehicles

Beijing approves first L3 autonomous cars in leap towards ‘hands-off’ driving

The cars, both pure EVs, can only navigate urban streets and highways in designated areas, according to the ministry.

The Baidu-BAIC Arcfox robotaxi is seen on the road. Photo: Shutterstock Images
Hong Kong economy

Opinion | How Hong Kong can capitalise on Chinese creative destruction

The Greater Bay Area’s success shows that with the right environment, creative destruction can generate inclusive growth.

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China-EU relations

‘Discriminatory’: Chinese firms protest as EU steps up anti-subsidy probes

Chinese business group warns of a ‘targeted and excessive’ campaign as Brussels raids one firm and launches fresh probe against another.

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Social media

Editorial | Curbs on children’s social media use and screen time must strike a balance

The digital world is part of young people’s lives; there is a need to limit risks without depriving children of the benefits of being online.

A schoolboy looks at his phone in Melbourne on November 27, 2024. Australia will ban young teenagers from social media on December 10, launching a world-first crackdown designed to unglue children from addictive scrolling on the likes of Facebook, Instagram and TikTok. Photo: AFP
Australia

Video | Australia’s under-16 social media ban due to take effect

Platforms have started notifying users under 16 that their access will soon be blocked.

IPO

HashKey aims for US$214 million in Hong Kong IPO amid Beijing’s crypto pressure

Retail investors oversubscribe crypto exchange operator’s offering despite China central bank’s tough stance on virtual assets.

Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Hong Kong’s policies pose some difficulties and covering the cost of operating locally is difficult, founder and CEO Lin Han says.

Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
Indonesia

Jakarta vs the internet: Indonesia’s gamble with digital freedom

As the government demands global tech firms like Cloudflare bend to its will, critics say it’s ‘burning the rice barn to kill the rats’.

Young men play online games and surf the internet at a cyber cafe in Jakarta last month. Photo: AFP
Blockchain

Chinese industry bodies issue RWA tokenisation warning amid Beijing’s crackdown

This was the mainland associations’ first warning to members as Chinese authorities have explicitly targeted RWA tokenisation.

Australia

TikTok will block under-16s in Australia to comply with ‘upsetting’ new law

Australia’s world-first legislation banning under-16s from social media platforms and websites comes into effect on December 10.

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India

India scraps mandatory cybersecurity app on new phones after backlash

The Indian government confidentially ordered companies like Apple, Samsung, and Xiaomi to install the Sanchar Saathi app on their new phones.

The Sanchar Saathi app logo is seen on a phone. Photo: Reuters
Australia

Fight’s over: YouTube becomes last major platform to accept Australia’s age rule

Despite agreeing to comply, YouTube maintains that it is still ‘fundamentally different’ from other social media services.

Six-year-old Enrique Navarro watches a show on YouTube at his home in western Sydney on October 30. Photo: AFP
China's economic recovery

Beijing aims to harness state, private sectors to build ‘world-class firms’

Private firms need a stable, level playing field, with state-owned enterprises acting as anchors for strategic industries, state-asset watchdog says.

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IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

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Jobs

Letters | To prevent an AI job apocalypse, take a leaf from immigration policy

Readers discuss managing AI like foreign hires, rewilding open spaces in Hong Kong, and economic rebalancing.

Immigration officers escort suspected illegal workers from a renovation site in Tuen Mun on January 7. Photo: Jelly Tse
Technology

Opinion | How AI, quantum and space technologies will define the Asian century

Together, they form an engine that will determine which nations shape the century ahead and which struggle to keep pace.

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Australia

Snapchat makes Australian teens verify age as social media ban looms

From December 10, social media platforms in Australia must remove users aged below 16 or face fines, in one of the strictest bans globally.

European Union

Opinion | Why Asia can’t wait for Europe to lead on deforestation-free timber

Asia’s dependence on regulatory developments in Brussels risks importing the same contradictions that hinder decisive action by the EU.

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An aerial view of a cleared forest area under development for palm oil plantations in Kapuas Hulu district of Indonesia’s West Kalimantan province. Photo: Reuters
Japan

Opinion | As Japan takes aim at crypto, first mover Hong Kong must look out

The Takaichi government’s pro-digital assets policies place Tokyo as a direct and serious competitor to Hong Kong.

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Japan’s Prime Minister Sanae Takaichi delivers a speech at the House of Representatives plenary session in Tokyo on October 24. Photo: AFP
Law

Legal Tales | How Hong Kong’s law protects those drawn to crypto and virtual asset investments

City has introduced groundbreaking, tailor-made laws designed to protect the public when investing in new class of financial products.

Semiconductors

Nexperia China slams chipmaker’s head office as Sino-Dutch envoys set for talks

In a letter, Nexperia China accuses the Dutch head office of ‘malicious sabotage’ and ‘shirking responsibilities’.

IPO

Hong Kong’s securities watchdog eyes IPO reform to woo tech firms

Market regulator reviews rules to potentially allow smaller but high-potential tech companies to list in Hong Kong, SFC chair Kelvin Wong says.

SFC chairman Kelvin Wong says there is no timeline for when the review will be finished. Photo: Sun Yeung
Malaysia

Meta disagrees with Malaysia’s social media licensing framework, proposes talks

Malaysia says its licensing rules are aimed at curbing scams, online gambling and child pornography.

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Meta’s three social media platforms, Facebook, Instagram and WhatsApp, on a mobile phone. The firm has been criticised over content that is harmful to young people on its platforms. Photo: Shutterstock
China’s fourth plenum

China unveils 5-year plan’s support for private sector, financial strength

Revelations had not been mentioned in the communique issued last week following the fourth plenum.

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Semiconductors

Sino-Dutch dispute over chipmaker Nexperia puts car sector supply chain at risk

All eyes are on Chinese Commerce Minister Wang Wentao’s meeting with his EU counterparts in Brussels to defuse the row over Nexperia.

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