Follow South China Morning Post - Money & Wealth, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/scmp324 Sat, 01 Apr 2023 22:24:07 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCOaR4FSaYL1I6CY3L745TL_ While China had declared AI strategically important as early as 2018, ChatGPT has shattered illusions about the country’s technological prowess.]]> Sat, 01 Apr 2023 04:00:22 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCOaR4FSaYL1I6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/noi6417NcCMfPonWMbvoJezdsCmHakzH China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.]]> Fri, 31 Mar 2023 16:00:10 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCMfPonWMbvoJezdsCmHakzH https://api.follow.it/track-rss-story-click/v3/noi6417NcCMfPonWMbvoJcb1naedg1wr Micron has previously warned investors of the risks of being excluded from the China market.]]> Fri, 31 Mar 2023 15:52:37 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCMfPonWMbvoJcb1naedg1wr https://api.follow.it/track-rss-story-click/v3/noi6417NcCPnAOBdt5_6x-zdsCmHakzH In his latest whistle-stop tour across China, Apple chief executive Tim Cook pledged to bring more new products and business in the country.]]> Fri, 31 Mar 2023 13:33:21 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPnAOBdt5_6x-zdsCmHakzH https://api.follow.it/track-rss-story-click/v3/noi6417NcCPAQajkev0mdSlmFkX7M1Jw Analysts say ASML CEO’s China visit is unlikely to change current situation on restrictions of advanced exports of chip technology to the country, with politics dominating.]]> Fri, 31 Mar 2023 01:00:13 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPAQajkev0mdSlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/noi6417NcCPY1gAM-7_ao-T5HJgy6HUf International Monetary Fund (IMF) managing director Kristalina Georgieva spoke about global debt restructuring at the Boao Forum for Asia on Thursday following a report that a record number of countries are all in sovereign default.]]> Thu, 30 Mar 2023 22:00:15 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPY1gAM-7_ao-T5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/noi6417NcCNk2MIcuVCziKCY3L745TL_ Geopolitical tension between the world’s two largest economies is going to become more pronounced, according to investors and analysts]]> Thu, 30 Mar 2023 16:30:16 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNk2MIcuVCziKCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/noi6417NcCNvIBBuEHm_9l1cWWor9YPv Daniel Zhang, Alibaba’s chairman and chief executive, said the group will initially retain control over the boards of the six new companies created under its restructuring plan.]]> Thu, 30 Mar 2023 15:00:17 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNvIBBuEHm_9l1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/noi6417NcCNCDxnZrk67M-zdsCmHakzH US streaming giant Hulu is downsizing its research and development (R&D) centre in Beijing, cutting around 200 people, according to people familiar with the matter.]]> Thu, 30 Mar 2023 12:00:21 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNCDxnZrk67M-zdsCmHakzH https://api.follow.it/track-rss-story-click/v3/noi6417NcCMKjImNdXJECOT5HJgy6HUf In a video interview with Chinese media, Daniel Zhang says he hopes there will be ‘multiple listed companies emerging from the Alibaba system’.]]> Wed, 29 Mar 2023 14:30:18 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCMKjImNdXJECOT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/noi6417NcCPo_WFUNZLd1sb1naedg1wr Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) posted record revenue and profits for 2022, thanks to strong demand for 28-nanometre legacy chips.]]> Wed, 29 Mar 2023 11:00:16 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPo_WFUNZLd1sb1naedg1wr https://api.follow.it/track-rss-story-click/v3/noi6417NcCNR5Gp4BjUm2ezdsCmHakzH The Chinese social media giant is seeking to boost the amount of quality content on WeChat, banking on the rapid growth of Channels to compete against ByteDance and Kuaishou.]]> Tue, 28 Mar 2023 17:20:57 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNR5Gp4BjUm2ezdsCmHakzH https://api.follow.it/track-rss-story-click/v3/noi6417NcCNvqPtkF4aF7ylmFkX7M1Jw Meng’s tenure as rotating chairwoman comes at a critical time as the Shenzhen-based Huawei battles increased US pressure.]]> Tue, 28 Mar 2023 15:00:19 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNvqPtkF4aF7ylmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/noi6417NcCMbWs4VBv_lTMb1naedg1wr Cryptocurrency exchange OKX is applying for a virtual assets trading licence in Hong Kong, in the latest sign of the city’s growing attractiveness as a global virtual asset hub amid a crackdown on the sector in the US.]]> Tue, 28 Mar 2023 12:30:17 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCMbWs4VBv_lTMb1naedg1wr https://api.follow.it/track-rss-story-click/v3/noi6417NcCOlD2PNDUfkhMb1naedg1wr Baidu and Tencent both cut over 4,000 roles, while Alibaba and Meituan cut some 20,000 and 10,000 jobs, respectively, financial statements show.]]> Tue, 28 Mar 2023 03:30:16 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCOlD2PNDUfkhMb1naedg1wr https://api.follow.it/track-rss-story-click/v3/noi6417NcCO5VUX1ptXBEeT5HJgy6HUf The Beijing-based internet search giant called off the press event at the last minute, turning it into a closed-door meeting for corporate clients.]]> Mon, 27 Mar 2023 13:00:09 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCO5VUX1ptXBEeT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/noi6417NcCPiGUdCl_twMOzdsCmHakzH While Big Four firms have local affiliates serving mainland clients, Hong Kong SMEs prefer to be served by smaller accounting firms, said Edmund Wong Chun-sek.]]> Mon, 27 Mar 2023 03:30:19 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPiGUdCl_twMOzdsCmHakzH https://api.follow.it/track-rss-story-click/v3/noi6417NcCPNWg6AfacrVylmFkX7M1Jw China recorded 46.3 million kindergarten and preschool enrolments last year, down 1.7 million on 2021, official data shows, highlighting the early consequences of a record low birth rate.]]> Sat, 25 Mar 2023 06:30:11 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPNWg6AfacrVylmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/noi6417NcCNgP_QOjZjBTCejEQ2Mq9rY Yangtze Memory Technologies Co expects a boost in global demand for NAND Flash memory products primarily from makers of smartphones, servers and personal computers.]]> Sat, 25 Mar 2023 04:00:35 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCNgP_QOjZjBTCejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/noi6417NcCPO4YZ6Ky5QN11cWWor9YPv Some local government owned enterprises in China have begun pulling back from funding regional projects in response to a campaign from Beijing to curb implicit liabilities, amid fears of financial contagion.]]> Sat, 25 Mar 2023 01:00:16 +0200 https://api.follow.it/track-rss-story-click/v3/noi6417NcCPO4YZ6Ky5QN11cWWor9YPv