Xinmei Shen

1 week ago | scmp.com | Xinmei Shen

Chinese smartphone maker Honor has joined the country’s heated race to develop robots, as it aims to reposition itself as an artificial intelligence (AI) player amid heightened competition in the Android handset market. Honor said on Wednesday that it would develop its own robots, and that it had already helped Chinese start-up Unitree Robotics break the record for running speed by a humanoid robot.

1 week ago | scmp.com | Xinmei Shen

Xiaomi’s first-quarter revenue surged nearly 50 per cent, as the Chinese smartphone giant doubled down on new initiatives, including electric vehicles (EVs) and semiconductors. Revenue for the three months ended March 31 reached 111.2 billion yuan (US$16.46 billion), up 47.4 per cent year on year, the company said on Tuesday. Adjusted net profit reached a record high of 10.68 billion yuan, up 64.5 per cent from the year-earlier period.

1 week ago | scmp.com | Xinmei Shen

The cryptocurrency industry has continued to advance, with bitcoin prices hitting a record high earlier this week. Stablecoins have come under the spotlight as regulators in Hong Kong and the US push for legislation for the popular tokens. Here we answer five common questions about stablecoins. What are stablecoins and how are they used? Stablecoins are a type of cryptocurrency token that maintain a fixed value by being pegged to a reference asset, typically fiat currencies such as the US dollar.

1 week ago | scmp.com | Xinmei Shen

Alibaba Group Holding chairman Joe Tsai said the company was now “on a very good path” after overcoming a series of setbacks in the past few years, including a regulatory crackdown and geopolitical uncertainties, as the tech giant sharpens its focus on core businesses including e-commerce and artificial intelligence (AI). “[If] you look at Alibaba for the last five years, there were a ton of setbacks,” Tsai said on Saturday in a fireside chat at the Beyond Expo in Macau.

2 weeks ago | scmp.com | Xinmei Shen

Chinese robot firms, including leading companies such as Unitree Robotics and Engine AI, vied for attention at a technology conference in Macau this week, as enthusiasm around the industry continues to surge despite scepticism about their products’ capabilities. This year’s Beyond Expo, which runs from Wednesday to Saturday, featured more than 20 companies producing robots and related components, for use in tasks such as rehabilitation and coffee making.