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Pentagon blacklists China tech giants as US competition expands
The Pentagon added tech giants Alibaba and Baidu and carmaker BYD to a blacklist of Chinese companies with military ties amid widening competition between the world’s two largest economies. Drug maker WuXi AppTec, robot company Unitree and carmaker Nio were among other businesses added to the 1260H list, according to a US Department of Defence notice. Some Chinese companies no longer operating in the United States were removed in the annual update.
Trump urged Xi to help end Ukraine war; China’s tech sanctions list: SCMP’s 7 highlights
Advertisement Trump urged Xi to help end Ukraine war; China’s tech sanctions list: SCMP’s 7 highlights From Hong Kong’s baby Danny DNA case to North Korea’s Kim meeting winning football team, here are highlights from SCMP’s recent reporting 2-MIN READ2-MIN Listen We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our...
Commentary: China has become a tech superpower, so why is its economy slowing?
Commentary: China has become a tech superpower, so why is its economy slowing? China cannot keep boosting only one part of the economic growth equation, says public policy professor Donald Low. HONG KONG: For a country that still ranks as middle-income, that China leads the world in many of the industries of the future is nothing short of remarkable.
Sexton: US Way Behind China in Tech IPO Listings
Blockbuster IPOs planned by Anthropic, OpenAI and SpaceX has renewed interest in companies listing this year. This comes despite volatility caused by the ongoing war in the Middle East. Jeffrey Sexton, Demeter Tactical Investments CEO, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the market reaction.
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military
US says BYD, Baidu, Alibaba and other tech giants are aiding China's military WASHINGTON: The US on Monday (Jun 8) added Chinese e-commerce giant Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries. The long-awaited update supersedes a list from early 2025, and comes less than a month after President Donald Trump met China's Xi Jinping on a visit to Beijing,...
German authorities arrest 2 on China high-tech espionage allegations
Two Munich residents have been arrested on suspicion of working for a Chinese intelligence service, seeking to obtain and pass on high-tech information with "military applications."
China expands curbs on foreign deals, tech transfer after Meta-Manus block
China expands curbs on foreign deals, tech transfer after Meta-Manus block The framework, which takes effect Jul 1, provides a comprehensive and formalised legal basis for China to force the unwinding of completed overseas transactions. China issued sweeping new rules on Monday (Jun 1), tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to unwind its acquisition of AI startup Manus. The regulations,...
China’s new battery tech set to turbocharge EVs, energy storage
Next-generation Chinese electric-vehicle (EV) batteries that charge in minutes are expected to add fuel to global sales of the country’s carmakers. An EV battery that goes from a 10 per cent to a 98 per cent charge in under six-and-a-half minutes was the star of the Super Technology Day event staged in Beijing in April by the world’s biggest producer of batteries for EVs, Contemporary Amperex Technology Ltd (CATL). Earlier, the world’s leading EV maker, Shenzhen-based BYD, unveiled a battery...