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China plans compute futures in Shanghai as AI computing demand surges
China is preparing to launch compute futures in Shanghai, signalling a push to link financial markets to computing power as the global AI boom drives new demand for digital infrastructure. The Shanghai municipal government has released guidelines stating the new financial derivative would form part of efforts to turn the city into a global wealth management hub. It is the first time Shanghai’s authorities have explicitly mentioned compute futures in an official document.
Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace
Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush The Hangzhou-based company filed to list on Shanghai’s Star Market on March 20. Following two rounds of regulatory inquiries and an on-site inspection, the hearing approval opens the door for the IPO to proceed to registration and issuance. Unitree said it aimed to raise 4.2 billion yuan...
Chinese black hole-hunting scientist Dai Liang quits US for Shanghai post
Chinese black hole-hunting scientist Dai Liang quits US for Shanghai post The physicist who received a fellowship reserved for the ‘brightest young scientists’ in North America has joined Fudan University A physicist who was awarded a fellowship reserved for the “brightest young scientists” in the US and Canada for his work hunting for black holes has returned to China. Dai Liang, who received a Sloan Research Fellowship for physics in 2021, recently took up a professorship at Fudan...
Woman and child locked on MBS balcony during robbery; three arrested after Shanghai-bound flight recalled
Woman and child locked on MBS balcony during robbery; three arrested after Shanghai-bound flight recalled The victim was allegedly robbed in a hotel room in Marina Bay Sands while her child was with her. Three men have been arrested after they allegedly robbed a woman and locked her and her child on a balcony at Marina Bay Sands (MBS). The police said on Tuesday (Jun 2) that they were alerted at about 7pm the day before to a case of robbery with hurt along Bayfront Avenue.
Famous Shanghai brand Yang’s Dumpling is now open at Bugis Junction in Singapore
On top of the original pan-fried pork buns, there are prawn buns, noodles and soups on the menu.
World’s first wind-powered underwater datacentre starts operating in China
Datacentre off Shanghai coast uses less power and water than land-based equivalent The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom. The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications...
World’s first wind-powered underwater datacentre starts operating in China
Datacentre off Shanghai coast uses less power and water than land-based equivalent The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom. The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications...
World’s first wind-powered underwater datacentre starts operating in China
Datacentre off Shanghai coast uses less power and water than land-based equivalent The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom. The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications...
Hormuz crisis side effect: a sharp rise in container shipping rates
Hormuz crisis side effect: a sharp rise in container shipping rates - SCFI global composite index has doubled since the war with Iran began and is at its highest point since September 2024, during the Red Sea crisis - Bunker fuel costs have jumped by almost 70% and container lines are successfully passing incremental costs along to shippers - Shanghai-Los Angeles spot rates are up 59% vs late February, with Shanghai-New York rates up 66%, according to Drewry assessments Spot container...