Something to start: kindly registerhereto join our free webinar on thursday, nov 26th at 18.00 jst (17.00 hkg/09.00 gmt) to go over - "us-china tech cool war: will biden bring a strategy?". our guest presenter would be dan wang of gavekal dragonomics, a beijing-based technology expert who concentrates primarily on china's technology policies and development, plus the intensifying rivalry between your united states and asia. if you want to inquire of him a concern, kindly deliver it for me in advance at
Hi all james in hong kong. shockwaves from ant groups suspended mega-ipo remain reverberating. our big tale this week delves into beijings extensive plan to bring chinas tech titans, alibaba and tencent, under control. we believe this trend will operate for years ahead but huge implications.
Every now and again, a fairly esoteric element of technology goes conventional. take a look at the tsmc article (mercedes top ten) for an example of how semiconductors are set to be a little more effective. when you have desire for food to learn more info on jack ma vs the celebration, henny sender (top 10) has insiders perspectives. the engrossing tale of just how an obscure turkish scientist aided huawei with 5g shows just as before how global industry for research happens to be (top).
John thornhill, the fts development editor, test drove gpt-3, a worldwide ai sensation (most readily useful of opinion). is device intelligence growing much more person or exposing people to-be mechanistic?
The climate is cooling quickly for chinas tech leaders. beijing is signalling that it will not like what size tech in asia is acting, casting clouds over the futures of businesses particularly alibaba and tencent, compose ryan mcmorrow, primrose riordan and nian liu associated with financial circumstances.
The publication of brand new antitrust recommendations (in chinese) the industry zeroes in on monopolistic techniques by internet platforms. the protocols granted because of the state management for marketplace regulation are set-to prohibit practises such as demanding sellers purchase and offer solely using one platform.
Crucial ramifications: the striking benefit of the guidelines is how comprehensive they truly are, covering how companies should use consumer data, how they should amount offerings and what type of campaigns and subsidies they could used to entice consumers.
Observers advised that alibaba ended up being the biggest target, as it now is the reason three-quarters of this countrys online product sales and almost a 5th of chinas complete retail product sales.
Beijing features believed that techniques by ecommerce businesses aren't causing healthier improvement the retail business...they dont desire 3 or 4 companies [dominating], they desire 1,000s of businesses, said wong kok hoi, main investment officer at aps asset management. that is big, that is a game changer, he added.
Upshot: the extensive nature of this directions, that have been accompanied by more principles on shopping through livestreams, indicates that beijing is severe. using this point of view, it would appear that the suspension system of ant groups $37bn share supplying this month had been section of a bigger reimposition of regulatory control.
John thornhill, the fts innovation editor, had the opportunity to interact with gpt-3, a unique language-generation design which has caused a feeling when you look at the artificial intelligence globe.
He writes that he enlisted its aid in drafting a biography, infused with the nature of celebrity wars hero luke skywalker. trained on almost all the text accessible on the web, gpt-3 is remarkable for the rate, scale and usefulness. itâs this that it instantaneously produced: john thornhill was already a decorated war hero as he joined up with the rebel alliance. he had been familiar with a blaster and intuitive when it came to the art of war, but their true ability put with his squadron. rising to command a squadron of his or her own in rebellion, john would lead their team through numerous battles, making him a steadfast leader because of the character of a genuine rebel. time for you to upgrade my business cards.
Compliment of recent improvements in device understanding, language generation systems are becoming increasingly commonplace. narrative sciences quill can consume information in the overall performance of a portfolio of stocks and compose summaries for investors, for example. but for sheer adaptability, nothing can match gpt-3, revealed in-may by openai, a san francisco-based research business. at around cost of $12m, the model includes 175bn language parameters, 100 times above the prior model. it is, to adjust a phrase regarding the pioneering british computer scientist alan turing, probably the most impressive imitation device yet built.
For proof of the seismic shift in manufacturing off asia look no further than pegatron, a taiwanese supplier to apple, google, microsoft among others. the company, an inferior rival of foxconn, was already broadening into countries including asia and vietnam. but at the time of last week, s j liao, president and ceo, said it will make its first investment into the us.
Like its bigger rival foxconn, pegatron cited needs from clients to create products closer to residence. us president-elect joe biden makes clear his need to deliver more production to american soil. we see strong demand from almost every consumer they wish the products could possibly be built in your area rather than shipping from asia or asia, mr liao said. so we decided going directly to the usa to service our consumers.
The move overseas comes as businesses like apple double upon plans to produce china-only supply chains. pegatron and foxconn are both dealing with an appearing threat in the shape of luxshare precision business, which will be looking to become the first china-based iphone assembler.
Mixed in with baidus most recent earnings outcomes this week was the headlines the chinese search monster would find the domestic operations of yy, a local movie streaming system, for $3.6bn. the decrease of the core marketing business from search implies baidu happens to be seeking to develop its social and livestreaming ecosystem, the fastest growing regions of e-commerce.
But baidus growth into video clip online streaming it already has actually videos streaming system in iqiyi and a quick video app known as haokan feels slightly belated into celebration. it has stiff competition, particularly from bytedances douyin software, tencents mini programs and kuaishou technology, another beijing-based movie solution.
Yy features around 4m having to pay subscribers, which view influencers do and offer a variety of products from the video application, and about 40m energetic users. is that enough to compliment haokans development and help it catch up in an ever more hot marketplace? to begin with, yy owner joyys overseas platforms are all growing even more quickly than its asia business. despite its early come from livestreaming, yy has actually lost customers to douyin and kuaishou.
As well as, needless to say, that baidu is going further into dangerous regulating area. beijing launched more rules the other day for online shopping through livestreams.
A chinese fintech company bent on intercontinental growth, particularly in south-east asia. accurate documentation worldwide equity listing that defied china-us tensions. an ipo coming in at the most notable end of their range.
No, it had been maybe not ant group. enter lufax, the chinese fintech team that went public in nyc belated last thirty days times before its peer ant was due to begin trading in hong kong and shanghai. the less-hyped fintech ipo, that has been much easier for people to obtain their practical compared to in-demand ant, is increasing. this is certainly despite tough brand-new rules for chinas online finance groups announced just times after its debut the same that helped upend ants ipo.
Despite a-sharp leap yesterday, lufax stocks continue to be up more than 17 % since their particular debut.