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South China Morning Post Business2d05/27

Stamp of approval sought on HK$4.6 billion lifeline for struggling Hongkong Post

Hong Kong authorities are seeking to inject HK$4.6 billion (US$587 million) into the government-owned postal service provider to sustain its operations for the next three years, following eight years of losses and declining mail volume. A document submitted to the Legislative Council on Wednesday by the Commerce and Economic Development Bureau showed a bruising fiscal trajectory for the Post Office Trading Fund (POTF) of Hongkong Post since 2017-18. Self-financing since 1995, Hongkong Post has..

china · asia
South China Morning Post Business2d05/27war-conflict · 3/5

Peking University unveils 3D design tool to power Huawei’s chip ambitions

Researchers at Peking University have claimed a breakthrough in microchip design software, purportedly offering critical support to Huawei Technologies as the tech giant attempts to build cutting-edge semiconductors despite US-led trade restrictions. The innovation, unveiled on Tuesday, comes in the form of a prototype tool for electronic design automation (EDA), according to an announcement by the university’s School of Integrated Circuits. EDA is the highly specialised software that engineers.

china · asia
South China Morning Post Business2d05/27

Chinese scientists use supercomputer to cut new drug screening time from years to seconds

China has unveiled an artificial intelligence platform for drug discovery that can screen a vast library of chemical compounds, cutting the initial drug screening phase from months or years down to tens of seconds. Developers said they expected the system to provide a novel method for identifying lead molecules to treat tumours, neurodegenerative conditions, rare diseases and emerging infectious diseases, as well as possibly speeding up drug research during public health crises. Called GalaxyVS,

china · asia · usa
South China Morning Post Business2d05/27

Blade concealed between Citybus double-decker seats sparks police probe

Hong Kong police are investigating after a blade was discovered between two seats on a Citybus double-decker, the second such case reported in recent days. A male passenger alerted the driver of the route 37A bus, which travels from Pok Fu Lam’s Chi Fu Fa Yuen to Central, at about 5.20pm on Wednesday that the box cutter had been found on the upper deck. Police officers boarded the bus when it stopped outside Pacific Place in Admiralty and seized the item. The box cutter measured about 13cm (5.11

china · asia · usa
South China Morning Post Business2d05/27

China unveils auto industry blueprint to set EV, AI vehicle and semiconductor standards

China is seeking to expand its influence over the future of the global auto industry through a sweeping regulatory blueprint covering core technologies ranging from vehicle chips, AI and batteries to autonomous driving and low-carbon development. The Ministry of Industry and Information Technology on Tuesday released its 2026 work plan on automotive standardisation, outlining measures to tighten technical requirements as part of efforts to reinforce China’s dominance in electric vehicles (EVs)..

china · asia
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