Part 7/11:
While the Chinese government has yet to comment on the sale, concerns have been raised about potential prior consultation between CK Hutchinson and Beijing regarding the rapid transaction. This divestment by CK Hutchinson reflects a strategic pivot, allowing the conglomerate to focus on its core holdings in Hong Kong and Mainland China.
China’s AI Race: Competition Heats Up
The technological landscape in China is undergoing a revolutionary transformation spurred by advances in artificial intelligence (AI). After the launch of the AI system Deep Seek, competition in the technology sector has escalated sharply. Companies like Alibaba and ByteDance are aggressively investing in AI infrastructure, with Alibaba announcing a $52 billion investment over the next three years.