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Shenzhen needs to attract overseas talent to fuel Greater Bay Area’s hi-tech ambitions

China is addressing a potential hurdle to creating a global technology and innovation powerhouse in the Greater Bay Area by wooing talent – sourced from overseas and across the country – to work in Shenzhen, the country’s hi-tech capital.That strategy forms part of a detailed plan unveiled on Sunday by Beijing, which has called for wide-ranging reforms to be implemented in Shenzhen that will make the southern coastal city a leader in terms of innovation, public service and environmental… Source link

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Ecommerce 

Yunnan’s digital makeover showcases Tencent’s industrial internet ambitions for government and business

Yunnan, the ancient province in southwestern China famous for hand-picked tea, snow-capped mountains and the mystical hidden paradise of Shangri-La, is undergoing a digital makeover.Facial recognition is deployed at the gates of tourist attractions to facilitate faster entry and sensors are installed along highways for instant toll payments without the need for drivers to slow down or stop. Tourists can skip the queues by buying tickets online, watch live videos of crowds at sites to better… Source link

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Singapore 

Singapore chases tech ‘Jedi Masters’ for Silicon Valley ambitions, Business, Singapore News

SINGAPORE – San Francisco-based investor Paul Bragiel said he needed to be asked three or four times before he accepted an invitation from Singapore to come check out its tech scene. He made the 8,000-mile trip, but said that back then – in 2010 – the city-state’s prospects to become a leading Asia tech hub were “bleak, to say the least.” But he saw some promise, and like many other investors and tech companies since then, was attracted by generous terms from government agencies. “They gave us a very aggressive…

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China declaring AI ambitions wasn’t ‘wisest decision’ as it alarmed the US, former secretary of state John Kerry says

China tipped its hand when it declared that it would seek global leadership in artificial intelligence, a move that alarmed the US and the rest of the world, according to former US secretary of state John Kerry.When Google’s AI computer program AlphaGo beat Chinese Go master Ke Jie in May 2017, that spurred China to seek dominance in the AI industry, Kerry said at the VivaTech conference in Paris on Thursday.“That lit a fire under China, it was a Sputnik moment, and President Xi announced not… Source link

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Hong Kong issues equity crowdfunding licence to AngelHub in boost to fintech ambitions, start-ups

Hong Kong’s Securities and Futures Commission is doing its bit to ensure the city’s regulatory environment is in line with international standards and welcoming for financial technology companies.This month, it issued two licences to AngelHub, an equity crowdfunding operator, that allow it to offer securities trading and advisory services.Its co-founder and chief executive, Karen Contet Farzam, told the South China Morning Post the licences were important to her company – as well as the start… Source link

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China’s electric vehicle ambitions to take centre stage at Shanghai auto show

In this file photo from April 25, 2018, a visitor takes a closer look at the Sylphy Zero Emission during the start of Auto China 2018 in Beijing. Nissan and its Chinese partner will display the Sylphy, an all-electric model designed for China that went on sale in August, at the Shanghai auto show. Photo: AP Source link

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Trump signs order prioritizing artificial intelligence research amid looming China ambitions

President Donald Trump signed an executive order Monday directing the U.S. government to prioritize artificial intelligence in its research and development spending, the White House said. The order, which comes amid concerns about China’s ambitions to dominate the sector and the likelihood of disruption for workers as the technology automates millions of jobs, doesn’t outline specific funding goals, but says it aims to ensure that AI develops in a manner that reflects U.S. values and to push training for the future workforce. Is China really snapping at the heels of…

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Shanghai’s hotly anticipated tech board vital to China’s global financial ambitions, says top official

Chinese authorities said they have approached a “handful” of potential IPO candidates for the hotly anticipated new technology board in Shanghai and will soon release draft rules for listings. The rules, to be sent out for a period of public consultation, will govern the listing threshold, trading mechanism and IPO review procedures for the Technology Innovation Board, top government officials said on Tuesday. “We are approaching a handful of IPO prospects in several key technology sectors to help the securities regulator make preparations for the launch of the board,” said…

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Hainan is the latest Chinese free-trade zone with tech hub ambitions

Hainan, an island province known as China’s Hawaii, does not only want to be known for sunshine and beaches: It has set an ambitious goal to become the country’s southern hub for technological innovation. The strategy involves offering tech start-ups free rent, reduced tax rates, easier visa policies, and access to government-backed venture capital funding. The first global tech company to commit to a presence on the island was Microsoft, which signed an MOU with the provincial government in April 2013 for a partnership that would transform Hainan into an…

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Britain’s naval ambitions to once again rule the waves are laughable at best and make no sense at all

The frantic Brexit melodrama in the UK has perhaps inevitably distracted attention from a companion strategy being forged by those nostalgic “Little Englanders” at the heart of Britain’s quest for freedom from Europe – the “Global Britain” plan intended to reburnish Britannica’s standing as a world economic and military power. While the Brexit mess simply fills me with sadness, the sentimental aspirations to rebuild British grandeur as a leading global power are at best a deep embarrassment, and at worst a potentially destabilising development here in east Asia. These “Global…

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