ChiNext adds fuel to tech war; 210,000 new China AI startups this year

#China #ChiNext - Regulators double daily stock trading band to 20 per cent on Shenzhen’s ChiNext tech board in latest move to improve market efficiency and shore up hi-tech firms amid souring China-US relations. (SCMP)

#China #US #ChiNext - As companies prepare to list on the start-up board ChiNext under a new U.S.-style IPO system on Monday, China’s Shenzhen will officially challenge Shanghai for tech listings, while adding fuel to a “technology war” with the United States. (Reuters)

#China #startups - China is seeing a surge in the number of AI startups as entrepreneurs flock to capture growth in the area, data showed. The country saw more than 210,000 newly registered AI-related enterprises this year, surging by 45 percent year on year, according to data from Tianyancha.com. (Shine)

#China #retail - Cloudpick has joined Huawei’s Ascend AI Startup Incubation Program and will jointly explore future development opportunities with Huawei in the global market. Cloudpick will receive training, development support and other technical support as well as global marketing support from Huawei. (Cloudpick)

#India #AIpolicy - India is striving to balance innovation and regulation of artificial intelligence. Responsible #AIforAll will put ethical AI principles into practice. (WEF)

#Indonesia #AIstrategy - The Indonesian government has unveiled a national strategy for the development of AI, with one eye set firmly on assuring its people that AI is safe and widely beneficial. (TechWire Asia)

#China #robotaxis - Baidu has opened the Apollo Go Robotaxi service in Cangzhou, Hebei province, extending robotaxi coverage to the downtown area of a city for the first time in China. (Baidu)

#China #VTOLs - EHang, a leading autonomous aerial vehicle (AAV) technology platform company, has announced that it has been selected to join Ambular, an international project endeavoring to develop a flying ambulance for medical emergency use. (eHang)

#Israel #Japan #robotics - A joint venture between Japan’s Musashi Seimitsu – a Honda Motor Corporation Affiliate Company – and Israeli company SixAI, MusashiAI treats robots as a service that companies can lease on a flexible basis. (JPost)

#Singapore #robotics - OMRON, a global leader in industrial automation solutions across Asia Pacific, has launched its new mobile robot called the HD-1500. The robot boasts a heavy payload capacity of up to 1500kg and is the strongest and newest addition to the company’s portfolio. (Robotics Tomorrow)

#India #R&D - India’s Department of Science and Technology (DST) has sanctioned Rs 170 crore to Indian Institute of Technology (IIT) Delhi to set up a Technology Innovation Hub on Cobotics. The money was sanctioned under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). (Jagran)

#China #Israel #coronavirus - A team of Chinese and Israeli researchers has devised a novel AI breath analyzer test to detect COVID-19 rapidly, the Israel Institute of Technology (Technion) said Friday. (Xinhua)

#China #US #tradewar - Beijing is expected to use upcoming trade talks between China and the US to prevent bilateral relations from collapsing completely, analysts say. Relations have sunk to all time lows in recent weeks as the two nations spar over the Covid-19 pandemic, Hong Kong, Xinjiang and technology. (SCMP)

#China #US #tradewar - Washington and Beijing’s troubled relationship has taken a turn for the worse recently, but markets have become strangely blasé about the situation. (Money Week)

#China #US #Huaweiban - Huawei and ZTE, known Chinese telecommunications equipment providers, have slowed down building 5G base stations in China. This arrives after the US tech ban, which puts uncertainty regarding its key supply chain in the near future. (GizmoChina)

#China #US #Huaweiban - MediaTek has a huge chip stock for Huawei - what happens to it now? The chip maker will have to rely on Xiaomi, Oppo or Vivo to purchase these chips. (GizChina)

#China #US #drones - Ahead of a likely ban on the US federal government’s use of Chinese-made quadcopters, including the very popular DJI drones, the Department of Defense has approved the products of five US-based unmanned air vehicle makers for government use. (Flight Global)

#China #US #AIrace - The days of the People’s Liberation Army (PLA) lagging well behind the US in military technology are long gone, says analyst However, China’s strength decreases the further the conflict arena is from the mainland: defence expert. (SCMP)

Carrington Malin is a UAE-based entrepreneur, marketer and writer who focuses on emerging technologies.