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1. In Davos debut, Musk highlights key China advantage in AI race

   The economic benefits of China’s abundant and cheap supply of electricity were recognised by US tech billionaire Elon Musk and other speakers at the World Economic Forum in Davos, Switzerland, on Thursday. As the United States and the European Union contemplate how to catch up, Tesla CEO Musk said the artificial intelligence (AI) industry was facing an energy bottleneck around the globe – with...

2. China’s rocket start-ups push the envelope as IPOs gather pace

   China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition with Elon Musk’s SpaceX. The Shanghai Stock Exchange has issued questions on LandSpace Technology’s IPO application, according to an update late on Thursday, advancing the company’s plan to raise...

3. ‘We are fearful’: Hong Kong youth hostel closure leaves tenants scrambling for housing

   Some tenants of a government-subsidised youth hostel in Hong Kong fear having to return to shoebox homes and are scrambling to find alternatives after a private operator announced its shutdown last week. A resident of the BeLIVING Youth Hub in Causeway Bay told the Post on Friday that the hostel’s operator, the Hong Kong United Youth Association, had called tenants last Monday and Tuesday to...

4. Indonesian litterbug weeps after first conviction under new Malaysian law

   Two foreign nationals have become the first people in Malaysia to be charged under a new anti-littering law. Sultan Md, 28, a Bangladeshi, and Anita Lukman, 49, an Indonesian, were charged in the Sessions Court in Johor Bahru on Friday morning. Anita, an odd-job worker, pleaded guilty to throwing a cigarette butt and a drink bottle on the pavement on Jalan Ibrahim Sultan in Stulant Laut at...

5. Chinese coastguard rescues Filipino sailors near Scarborough Shoal

   The Chinese navy and coastguard said on Friday that they rescued 17 Filipino crew members from a Singaporean-flagged cargo ship that had capsized near Scarborough Shoal in the South China Sea. According to the China Coast Guard (CCG), the Maritime Search and Rescue Centre in Sansha, Hainan province, received a distress report at around 1.30am on Friday. The vessel appeared to be in trouble about...

6. Labubu maker Pop Mart rallies as new toy trend and state media spotlight spark confidence

   Shares of Labubu maker Pop Mart surged on Friday, extending this week’s gain to 23 per cent, after its CEO appeared in a high-profile state media interview and a newly launched product went viral amid growing investor appetite for consumer stocks. In a documentary interview released by Xinhua news agency at noon, founder and CEO Wang Ning reflected on the company’s entrepreneurial journey and...

7. Malaysia’s parliament tightens access rules for media interviews, sparking criticisms

   Malaysia’s parliament has introduced new media-centre rules that ban doorstop interviews without permission and restrict access to key premises where lawmakers typically brief reporters, fuelling fears of a narrowing media space. Under the guidelines, journalists “are not allowed” to conduct such interviews – also known as doorstepping – “without permission”, and may face written warnings and...

8. China’s analogue AI chip runs 12 times as fast on 1/200th the energy of digital rivals

   A radically different kind of chip created by Chinese researchers can now handle real-world data tasks, potentially reshaping artificial intelligence systems’ reliance on power-hungry digital processors, its developers said. Building on work reported in October, the Peking University team’s ultra-fast, energy-efficient analogue chip has moved beyond solving basic mathematical problems and can...

9. China diving queen Quan Hongchan delights fans with new hairdo, shows she has ‘really grown up’

   Mainland Chinese internet users were left in awe by the country’s Olympic champion, Quan Hongchan – not for her diving techniques this time, but for her new image, which prompted many to marvel that Quan has “really grown up.” On January 12, Quan shared multiple images of herself picking strawberries and tomatoes at a farm in her hometown of Zhanjiang, Guangdong province, as reported by the news...

10. Paul Chan upbeat about Hong Kong economy despite ‘volatility’ from Trump policies

    Shifting policies under US President Donald Trump’s administration are expected to heighten market volatility in Hong Kong this year, the finance chief has said, but he also expressed “cautious optimism” about the capital market, noting that business and political leaders he met at the World Economic Forum viewed the city much more positively than in previous years. In an exclusive and...