# Digital Economy
Latest news and articles about Digital Economy
Total: 40 articles found
The Great Pivot: Deciphering Li Ka-shing’s HK$3500 Billion Strategic Exit from the West
Li Ka-shing is executing a massive strategic pivot, divesting HK$3500 billion from Western infrastructure and real estate to reinvest in Southeast Asian growth and digital technology. This shift is driven by rising geopolitical risks and declining utility returns in Europe and the United Kingdom.
From Creators to Curators: The Great Disruption of China’s White-Collar Class
Generative AI is rapidly disrupting China's white-collar job market, leading to mass layoffs in sectors like finance, programming, and design. As traditional skills are devalued, professionals are being forced to pivot toward AI management or face permanent displacement in a shrinking labor market.
Sovereign Silicon: Huawei’s Strategic Alliance in Fujian Signals a New Phase in China’s AI Self-Reliance
Huawei and Fujian Tengyun Zhisuan have signed a deep cooperation agreement to build AI service platforms and computing centers in Fujian province. The partnership prioritizes domestic innovation and the HarmonyOS ecosystem to drive regional industrial upgrading and technological independence.
Chongqing’s Digital Gambit: 100,000-Petaflop Ambition Anchors China’s Western AI Hub
Chongqing has launched a strategic action plan to achieve 100,000 PFLOPS of intelligent computing capacity by 2030, aiming to lead Western China's AI development. The initiative focuses on vertical large language models and regional synergy with Sichuan to build a self-sustaining digital ecosystem.
China’s Digital Diplomacy: Seoul Talks Signal New Push for Global Data Standards
China recently concluded the 10th round of chief negotiator meetings in Seoul to advance its bid to join the Digital Economy Partnership Agreement (DEPA). These talks with Chile, New Zealand, Singapore, and South Korea highlight Beijing's strategic commitment to aligning with international digital trade standards and securing a seat at the table of global digital governance.
National Team Play: China’s State-Backed Supercomputing Network Offers Free Access to DeepSeek-V4
China’s National Supercomputing Infrastructure has launched free access to the DeepSeek-V4 model, emphasizing its 1-million-token context capacity. This move integrates state-led computing resources with cutting-edge private AI development to accelerate domestic innovation.
The Ghost in the Machine: 58.com’s Desperate Pivot and the Decay of China’s Classifieds Giant
58.com, formerly China’s dominant classifieds platform, is facing a crisis as 'ghost order' scandals and police investigations highlight a desperate attempt to monetize user data. The company has lost over 60% of its peak revenue and halved its workforce as specialized competitors render its generalist, lead-selling model obsolete.
Shanghai’s Industrial Rebirth: A Strategic Pivot Toward Vertical AI and Data Liquidity
Shanghai has launched an ambitious 2028 digital economy plan focusing on industrial AI, data element marketization, and frontier infrastructure like satellite internet and 6G. The strategy aims to integrate digital technologies into the city's core manufacturing and trade sectors while establishing a new legal framework for data as a priced asset.
The Price of Cyber-Intimacy: China’s ‘Old Man’ Scams and the Commodification of Loneliness
The 'Beng Laotou' phenomenon in China involves young scammers soliciting small 'milk tea' payments from middle-aged men in exchange for virtual attention. Driven by a crisis of loneliness and emotional alienation, this trend has evolved into a industrialized gray market that monetizes the psychological voids of modern urban life.
China’s $500 Million Reality Check: The 'Ghost' Kitchens Haunted by a Record Regulatory Fine
Chinese regulators have imposed a record 3.6 billion yuan fine on seven major food delivery platforms to crack down on a massive network of 'ghost shops' and fraudulent order-flipping schemes. The investigation exposed a shadow industry where orders are auctioned to unlicensed workshops, severely compromising food safety and market competition.
Silicon Valley’s Great Exchange: Trading Headcount for Compute
Meta is reportedly planning to layoff 10% of its workforce in May as part of a strategic shift to replace human labor with AI capabilities. The company is significantly increasing its capital expenditure to over $115 billion to fund the infrastructure needed for this transition, reflecting a broader industry trend of prioritizing compute over headcount.
The Price of Compliance: Alibaba Cloud to Hike SMS Fees Amid Tighter Chinese Regulations
Alibaba Cloud will raise prices for its domestic SMS services starting May 20, 2026, citing increased costs driven by stricter security and compliance regulations in China. The change reflects a broader trend of rising operational expenses for tech giants as they adapt to Beijing's rigorous digital oversight.