Technology

The US capital market has been the main source of large-scale funding for Chinese tech companies, even as they compete for a slice of their home market. However, with the ongoing US-China trade war and Russia-Ukraine war, US capital is not flowing as readily into China as before, while China’s anti-monopoly crackdown has narrowed down tech companies’ growth prospects. Tech expert Yin Ruizhi explores the issue.

The phrase “metaverse” has been bandied about but what exactly is it and how far along is the project? Academic James Pang and entrepreneur Liang Xinjun explain that the implications of this development are larger than most think. The metaverse is not so much a sub-world to enter into on the side but the integration of the real and virtual worlds and economic systems, essentially creating a new world with new governance structures and norms. US and Chinese firms are, of course, racing to get a big slice of the future.

Technology expert Yin Ruizhi notes that Microsoft’s recent announcement to acquire gaming company Activision Blizzard is not just about breaking into the gaming market, but an important step towards building its capabilities to develop the metaverse. Can it succeed and will other Western tech giants follow?

Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.

Huawei’s digital talent programme in Indonesia is contributing to China’s soft power as the latter seeks to engage Indonesia as an important node of its Belt and Road Initiative. Indonesia stands to gain from the exchange but also needs to be wary of possible cybersecurity concerns.

The recent conviction of former Harvard department head Charles Lieber has cast the spotlight once again on China’s Thousand Talents Plan to attract global scientific talent to contribute their expertise to China. The American scientific community is pushing back against some of the US government’s harsh reprisals, but Hu Hao says strong action is warranted as the threat of authoritarian regimes seeking to gain technical knowledge to threaten democratic and liberal values is real.

When it comes to the metaverse, the various tech giants are taking different approaches, from conservative to aggressive. Technology expert Yin Ruizhi takes a look at three major players — Facebook, Nvidia, and Tencent — and their respective strategies, and how they are likely to contribute to building the metaverse.

While the US and Japan would like TSMC to "spread the risk" of global tech supply chains being hit in the event of cross-strait tensions, TSMC is quite firm on keeping its advanced technologies in Taiwan while going through the motions of setting up some overseas outposts as recommended by its allies. It is well aware of its strategic value and will want to hold on to its upper hand.

The non-fungible token (NFT) is a growing phenomenon in China, despite a cautious regulatory environment and official hostility to cryptocurrencies, which also use blockchain technology. But experts warn that as with every technology, particularly new ones, there is also a risk of misuse, such as in instances of fraud or compromised accounts.