Digital

A child stands near a giant screen showing the image of the Tianhe space station at China Science and Technology Museum in Beijing, China, 24 April 2021. (Tingshu Wang/File Photo/Reuters)

India-China space race: The role of the private sector

As geopolitical competition among global powers extends into outer space, major players are looking at how the private sector can play a bigger part in the space race and boost national space venturing capabilities. Yogesh Joshi and Ashmita Rana note that while India's space expenditure stands at only one-sixth of China's, and the latter seems to be leading the way in working with its private space firms, India's great ambitions and edge over China in working with global partners may give it a greater push to catch up.
Signs of Alibaba Group and Ant Group are seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, 23 November 2020. (Aly Song/Reuters)

Painful retrenchments at China’s internet giants

Even as the pandemic created greater demand for internet companies like Kuaishou, Alibaba and Meituan, these companies are finding their large staff numbers unsustainable, leading to a wave of major retrenchments over the past year or so. This is not just due to overexpansion, but also operational pressures that come with new regulations to protect employment rights. Zaobao journalist Meng Dandan reports.
Deputy Prime Minister Heng Swee Keat at the 16th Joint Council for Bilateral Cooperation (JCBC) and related Joint Steering Council (JSC) meetings on 8 December 2020. (Ministry of Communications and Information)

Singapore DPM: Singapore can help to better connect China with Southeast Asian markets

In this op-ed in conjunction with the 17th Joint Council for Bilateral Cooperation (JCBC) which will take place on 29 December, Singapore's Deputy Prime Minister Heng Swee Keat examines how Singapore-China relations go beyond the pandemic, into areas including digital connectivity, green energy efforts, economy and trade, and even "panda diplomacy". These efforts will bring the two countries closer together in the next chapter of bilateral relations.
Projects like The Sandbox are centred on NFTs. Players themselves can create their own digital assets in the game – such as costumes and weapons for their avatar – as an NFT. Players can likewise own virtual “land” in The Sandbox’s universe, similarly in the form of NFTs. The land units are represented in a map that forms The Sandbox metaverse. (The Sandbox/SPH)

If Chinese video producers and gamers can become metaverse creators

In this second article in a series on the metaverse, technology expert Yin Ruizhi says that video creation platforms like Douyin and Kuaishou, as well as sandbox games such as Mini World, might give an idea of how users can help create the virtual world in the metaverse if the financial and creative bar is lowered such that participating is as easy as 1, 2, 3.
Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations - Space: Metaverse" by media artist Refik Anadol, at the Digital Art Fair, in Hong Kong, China, 30 September 2021. (Tyrone Siu/Reuters)

Metaverse: A bubble that could soon burst?

One of the hottest buzzwords recently is the metaverse. In this first article in a series on the topic, technology expert Yin Ruizhi explains what the metaverse is, what would make it viable and why creating the metaverse is still very much a pipe dream.
Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations — Space: Metaverse" by media artist Refik Anadol, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China, 30 September 2021. (Tyrone Siu/File Photo/Reuters)

Metaverse: A chance to build a better world

Academic Pei Sai Fan says that one should dream big with the metaverse and not only see it as a new avenue of making money. By creating a new virtual universe from scratch, we can make good use of the blockchain-based metaverse to promote an equitable, more transparent and more inclusive rules-based international digital currency and financial system and enhance the global governance system to deal with issues facing all countries. This would require a global approach and China is well placed technologically to actively participate and lead the effort with like-minded nations in creating such a metaverse. It would be a pity if countries squandered such an opportunity to truly build a better world for all mankind.
Computer games are seen at a store in Beijing, China, on 10 September 2021. (Greg Baker/AFP)

Will overregulation kill Chinese firms' metaverse ambitions?

The metaverse is the latest tech industry buzzword that has generated great interest among Chinese tech companies and China's capital market. Not everyone is equally enthusiastic, however, as Chinese authorities appear to be taking a cautious approach, attempting to strike a balance between regulatory control and the risk of stifling innovation. Caixin explores what's in store for the metaverse.
Tesla CEO Elon Musk walks next to a screen showing an image of a Tesla Model 3 vehicle during an opening ceremony for Tesla's China-made Model Y programme in Shanghai, China, 7 January 2020. (Aly Song/File Photo/File Photo/Reuters)

Elon Musk’s indissoluble bond with China

On 2 November, Tesla founder Elon Musk cryptically posted on social media an old Chinese poem, sparking discussion on what the poem meant — and what Musk meant. The controversial Musk, who has been quoted making comments supportive of China, has nevertheless faced challenges in bringing Tesla to China, including recent incidents of complaints against Tesla’s brake systems allegedly malfunctioning. However, efforts to handle such negative publicity seem to be working, as Tesla continues to grow strongly in China.
The China-US tech competition is intensifying, with experts saying that the US should maintain its lead, at least for now. (Philip Fong/AFP)

Technology and innovation race: US losing edge to China?

Observers of China-US competition have commented that a tech war is rapidly becoming the decisive battleground in the big power rivalry for global dominance. While there have been reports saying that the US may lose this war, visiting senior fellow at the RSIS Dr Cung Vu thinks that given the US's recognition of the importance of technology, and China's recent acts of reining in its tech companies, the US should continue to lead.