Artificial Intelligence

A cyclist and pedestrians wearing protective masks travel past buildings on Financial Street in Beijing, China on 19 May 2021. (Yan Cong/Bloomberg)

Blindspots in the financial regulation of China’s tech ‘platform companies’

Zhang Yugui points out that China’s financial services development is currently at the awkward stage where there is much financial innovation and the opening up of the financial sector, but not yet the corresponding capabilities to manage the complex financial systems and cutting-edge fintech. Hence we see the recent rash of anti-monopoly measures directed at tech giants such as Ant Group and Tencent. But has the industry reached a true tipping point? What must regulators do to bridge the gap?
More Chinese tech companies are gaining a presence in Singapore. (Graphic: Ho Han Chong/SPH)

Singapore a popular base for China tech firms

In recent years, China's tech giants such as Alibaba, Tencent and ByteDance have set up regional offices in Singapore. With insights from industry experts, Zaobao senior business correspondent Chew Boon Leong analyses the impact that an influx of Chinese tech companies will have on Singapore. Will it affect Singapore's neutral stance and lead the nation to become a battleground for tech companies from the US and China?
The current issue regarding the learning of English in mainland China is not whether to remove English as a core subject. (Thomas Peter/Reuters)

How to solve the Chinese headache of learning English

Wu Guo asserts that the current piecemeal way of learning English, focusing on exam questions and answers, will not help the Chinese get very far in mastering the English language. Will they be willing to take the longer but likely more rewarding path of appreciating the language in its entirety?
US President Joe Biden delivers remarks to Defense Department personnel during a visit to the Pentagon in Arlington, Virginia, US, 10 February 2021. (Carlos Barria/Reuters)

Why Biden will continue the trade war with China to the ‘end’

The China-US trade war looks set to continue under the new Biden administration, says economics professor Zhu Ying. Whether in terms of preventing technology transfer that could have military applications or seeking to enforce "structural changes” in China’s economy for fairer competition, the US will seek leverage through the trade war. Are we heading for a stalemate if the US wants to see a China that is playing by global rules, but the Chinese insist on pursuing an economic model with Chinese characteristics?
A couple wearing face masks share a laugh as they take pictures a bridge at the Hou Hai lake in Beijing on 16 October 2020. (Nicolas Asfouri/AFP)

Love in the cloud: China’s emerging livestream matchmaking industry

It was probably a matter of time before online entrepreneurs found a way to meet the perennial demand for love and marriage in China — through livestream matchmaking. From the looks of it, it is a match made in heaven. Over the past two years, scores of people, particularly in smaller cities and towns, have used “cloud dating” mobile live-streaming apps to chat with prospective matches in real time. Seeing opportunity, various platforms like Alibaba, Tencent, Momo, Huya TV, Inke, and Huajiao have entered the fray. Covid-19 has made it even more common to seek out remote means of having one’s head in the clouds, basking in the novelty of new love. Zaobao journalist Zeng Shi has the details.
Soldiers of China's People's Liberation Army march during the Victory Day Parade in Red Square in Moscow, Russia, 24 June 2020, marking the 75th anniversary of the victory over Nazi Germany in World War Two. (Sergey Pyatakov via REUTERS)

Japanese academic: Can the PLA succeed in its smart warfare transformation?

Japanese academic Masaaki Yatsuzuka examines the PLA's latest efforts to move towards smart technology and smart warfare, and what this might mean for China and other countries.
Pedestrians walk past a Chinese flag in the Lujiazui financial district in Shanghai, China, on 1 December 2020. (Qilai Shen/Bloomberg)

China to clamp down on monopolies and spur domestic demand

The meeting of the Politburo of the Chinese Communist Party last week in preparation for the annual Central Economic Work Conference gave a clear indication of China’s economic direction: it is going full steam ahead on shaping a dual circulation economy driven predominantly by domestic demand. In seeking to implement demand-side reforms, deep-seated social issues and monopolistic tendencies will be addressed.
A man wearing a face mask looks at a robot at the China National Convention Centre, the venue for the upcoming the China International Fair for Trade in Services (CIFTIS) in Beijing on 3 September 2020. (Wang Zhao/AFP)

Chinese villagers: The unsung heroes behind China's rapid AI development

Yin Ruizhi points out that China’s AI industry was able to scale up so quickly thanks to an army of rural folk ready to do the laborious yet essential task of data annotation.
Robin Li, co-founder and chairman of Baidu.com Inc., poses during a news conference in Tokyo, Japan, on 23 January 2008. (Tomohiro Ohsumi/Bloomberg News)

What happened to Baidu, once China's golden boy of innovation?

Wang Yanbo picks apart news of Baidu’s alleged plans to raise up to $2 billion over three years to invest in a biotech start-up, which would use AI technology to develop drugs and help diagnose diseases. Is this yet another example of business giants flailing into unchartered territory to seek new growth? Wasn’t China’s multi-billion dollar search market Baidu’s to harvest once Google ceased its Chinese operations in 2010 amid cyberattacks and censorship issues?