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Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

by Anas Siddiqui
Shein gets go-ahead to build US4-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to build a new supply chain hub in the city’s Zengcheng …

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AI start-up HeyGen raises US$60 million after pivoting away from mainland China investors

by Anas Siddiqui
AI start-up HeyGen raises US million after pivoting away from mainland China investors

Generative artificial intelligence (AI) start-up HeyGen has raised US$60 million in its series A funding round, months after dissolving its mainland Chinese operation amid heightened tensions between Washington and Beijing. …

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EU cybersecurity label should not discriminate against Big Tech, European groups say

by Walter Watson
EU cybersecurity label should not discriminate against Big Tech, European groups say

A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon.com, Alphabet’s Google and Microsoft, 26 industry groups across Europe warned on Monday. The European Commission, EU …

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Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

by Anas Siddiqui
Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

About 185 brands – including major smartphone vendors Apple, Xiaomi and Huawei Technologies – have each achieved more than 100 million yuan (US$13.8 million) in gross merchandise value, while 37,000 …

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An era of robotics, ‘AI factories’ powered by Nvidia’s chips and software is ‘in our near future’, CEO Jensen Huang

by Anas Siddiqui
An era of robotics, ‘AI factories’ powered by Nvidia’s chips and software is ‘in our near future’, CEO Jensen Huang

Nvidia founder and chief executive Jensen Huang on Sunday unveiled his vision for a new era of generative artificial intelligence (AI) and robotics for industries, powered by the chips, software …

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New AI battle adopts old price war strategy as Chinese tech giants keep start-ups at bay behind the Great Firewall

by Anas Siddiqui
New AI battle adopts old price war strategy as Chinese tech giants keep start-ups at bay behind the Great Firewall

“It’s like the bad money is driving out good money,” said You Yang, a computer science professor at the National University of Singapore (NUS). The price war indicates a lack …

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Apple plans to revamp Siri with generative AI technology to let users control apps with voice

by Anas Siddiqui
Apple plans to revamp Siri with generative AI technology to let users control apps with voice

As part of the roll-out, more basic AI tasks will be processed on devices themselves, while more advanced capabilities will be handled via cloud computing. The company also has been …

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AI boom fuels demand for major data centre deals in Asia-Pacific this year

by Walter Watson
AI boom fuels demand for major data centre deals in Asia-Pacific this year

In 2023, the region’s data centre deals hit a record high of US$3.45 billion, according to LSEG. That tally is set to be surpassed this year, with at least a …

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Tesla Lays Off Lowly Paid Interns Weeks Before Summer Starts

by Horatio Thompson
Tesla Lays Off Lowly Paid Interns Weeks Before Summer Starts

Good morning! It’s Friday, May 3, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …

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Amazon’s Twitch launches TikTok rival amid push to ban the Chinese app, boosting competition in short-form video

by Walter Watson
Amazon’s Twitch launches TikTok rival amid push to ban the Chinese app, boosting competition in short-form video

Amazon.com’s live-streaming site Twitch launched its own short-form video platform, a week after passage of a law that threatens the future of the social-media service TikTok in the US. Creators …

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