Chinese state-owned carmaker Guangzhou Automobile Group (GAC) said it plans to intensify its push into Hong Kong's electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year. GAC Aion, the electric vehicle (EV) unit of GAC, the Chinese partner of Toyota and Honda, aims to meet this target by introducing more new-energy car models to the city's drivers later in the year, according to Coleman Cheung, general manager of Harmony Motor Aion in Hon
A number of high-ranking executives at Taobao and Tmall Group have retired, paving the way for a younger generation of leaders to take the reins of Alibaba Group Holding's core e-commerce unit, as competition heats up with rivals such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin. Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Their exit comes several months after
The artificial intelligence (AI) industry is "going through a kind of a bubble right now" and could soon hit a ceiling when it comes to productivity gains, according to Nobel laureate and former chief economist at the World Bank Paul Romer. "The growth of digital technology hasn't in the past ushered us into this new era of much more rapid productivity growth, and I doubt that it's going to do it now," Romer told the South China Morning Post on the sidelines of the UBS Asian Investment Conferenc