In recent years, China and Asia have become hotbeds for technological advancements. From drones and eVTOL aircraft to quantum technology, Chinese policymakers are exploring the potential of various industries. However, progress in obtaining airworthiness certifications and conducting drone delivery trials has been slow due to safety concerns related to autonomous technologies.
On the international front, tensions between the U.S. and China continue to escalate. The U.S. Commerce Department recently added 37 Chinese entities to its trade restriction list, including eight companies linked to a high-altitude balloon incident over the U.S., raising national security concerns. Additionally, 22 firms were listed for their attempts to acquire American technology to enhance China’s quantum technology capabilities, potentially for military purposes.
During his visit to Hungary, President Xi Jinping strengthened China’s partnership with Huawei Technologies Co. Ltd., despite potential tensions with Western allies. This collaboration involves the development of a cloud services platform with Hungarian telecom company 4iG Nyrt., aimed at serving Chinese operations in Hungary as well as local businesses.
Meanwhile, Baidu Inc.’s head of communications resigned following controversy over her promotion of a strict management style on social media, sparking debates about harsh working conditions within some Chinese tech companies.
In Southeast Asia, global tech investments are pouring into the region, shedding its previous reputation as a tech backwater. Industry leaders such as Apple, Microsoft, and Nvidia have committed significant investments in the region, recognizing its growing importance driven by a young demographic increasingly engaging with digital services.
Lastly, Zeekr Intelligent Technology Holding Ltd., a luxury electric vehicle brand under Zhejiang Geely Holding Group Co., successfully expanded its U.S. IPO to raise $441 million
