Iris Hong


China central bank paper proposes full liberalisation of childbirth

China central bank paper calls for liberalisation of childbirth

(ATF) A research paper published by China’s central bank on Wednesday said China should not only liberalise but “vigorously encourage” childbearing, otherwise the country's working age population will drop by 15% by 2050.The paper, written in Chinese, proposed that policymakers should also curb property price surges to retain young talent, …

Continue reading

Huawei says its first self-driving car 'HI' surpasses Tesla

Huawei says its first self-driving car surpasses Tesla

(ATF) Autonomous-driving technology developed by Huawei has surpassed Tesla’s in some aspects – such as enabling cars to cruise for more than 1,000 kilometers (620 miles) without human intervention, rotating chairman Eric Xu told analysts in Shenzhen on Monday.Xu also called for leaders around the world to restore collaboration on …

Continue reading

ByteDance valuation soars to $400bn as IPO talk intensifies 

ByteDance valuation soars to $400bn as IPO talk intensifies 

(ATF) ByteDance, the parent company of popular short video app TikTok, has reportedly set in motion an initial public offering (IPO) for Hong Kong with a US$400 billion valuation.The valuation of the Beijing-based start-up is swelling quickly as the market capitalisation of its rival Kuaishou has almost doubled since its …

Continue reading

Jiangxi province leads China in rare-earth magnet breakthrough

Jiangxi province leads China in rare-earth magnet breakthrough

(ATF) Jiangxi province is emerging as a hub for technological innovations that can transform manufacturing. It has a rare-earth magnet maker based in the southeastern Chinese province who leads the nation with a new technology that helps reduce the weight of electric vehicles (EV) and extend their range while saving …

Continue reading

Charlie Munger’s Daily Journal added Alibaba to his portfolio

Charlie Munger’s Daily Journal added Alibaba to his portfolio

(ATF) Daily Journal Corp, which has counted Charlie Munger as its chairman since 1977, added Alibaba to its stock portfolio in the first quarter after the market capitalisation of the Chinese e-commerce mammoth had plunged almost 30% since late October.While US-listed Chinese companies face delisting risks after Washington passed new …

Continue reading

CATL takes $137m stake in Kisanfu copper-cobalt mine

CATL takes $137m stake in Congo’s Kisanfu copper-cobalt mine

(ATF) A subsidiary of China’s largest electric vehicle battery maker Contemporary Amperex Technology Co Ltd (CATL) will take a $137.5-million stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo in a bid to secure supplies for its EV batteries.Under a strategic partnership agreement, Ningbo Brunp CATL New …

Continue reading

Xpeng develops proprietary autonomous-driving chips

Xpeng develops proprietary autonomous-driving chips

(ATF) Chinese electric vehicle (EV) maker Xpeng Motors is developing proprietary autonomous-driving chips, with the design of these chips likely to be finalised late this year or early next year, local media reported. Chinese tech media outlet 36Kr said the Guangzhou-based startup is developing chips in China and the US, …

Continue reading