Handing down its verdict in China’s first court case over face recognition technology, the Fuyang District People’s Court in the eastern Zhejiang province found that Hangzhou Safari Park’s use of the technology without visitors’ consent to facilitate their admission into the park “illegal and unnecessary”. The court also ruled that the park should pay the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s Geely has sold its majority stake in Denmark’s €1.6bn Saxo Bank to Swiss private bank J Safra Sarasin, ending an eight-year joint venture that bet on Chinese capital markets opening up to the west. … Read more
Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s coal plant construction surged last year to the highest level in almost a decade, conflicting with President Xi Jinping’s promise that carbon emissions would peak before 2030, researchers have said. In a report released … Read more
A notorious state-sponsored Chinese hacking crew has set it its sights on U.S. telecommunications companies.Known as RedMike, the well-known group has defied law enforcement efforts to cripple its back-end and halt its cyberattacks. This latest round of attacks target known flaws in Cisco devices.Administrators are advised to examine and update all internet-facing network appliances.Researchers with … Read more
