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Search resuls for: "CNBC's East Tech West"


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Huanqiu.com | Visual China Group | Getty ImagesBEIJING — China's truck industry is finding more reasons to buy vehicles with assisted-driving technology. The companies trying to sell trucks to fleet operators are including driver-assist tech as a way to make the vehicles more attractive, Gui said. In addition, Chinese authorities require all newly manufactured trucks since 2022 to come with basic driver-assist tech for warning against forward collision and lane departure, Gui said. The startup claims its trucks cost about 5% less than traditional options, on top of safety and environmental benefits. PlatooningOther startups are testing out different forms of driver-assist trucks in China.
Persons: Gui Lingfeng, Gui, Julian Ma Inceptio, Inceptio, Julian Ma, That's, Ma, Didi, Junqing Wei Organizations: Visual China, Getty, BEIJING, Kearney, it's, Industry, SF Holdings, CNBC's East Tech West Locations: Shanghai, China, Tianjin, Beijing, Inner Mongolia, Nansha, Guangzhou
A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions. Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors. One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn't name the firms. "We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem," Wang added.
Persons: Chloe Wang, Yang Cheng, Wang, Nvidia Organizations: U.S, CNBC's East Tech West, U.S . Department of Commerce Locations: China, Guangzhou, Nansha, U.S, Shanghai
The artificial intelligence behind ChatGPT-like products and autonomous driving is driving enormous demand for Nvidia's chips in China. Chinese companies also dominate the burgeoning electric car market , where Nvidia has had a fast-growing business of selling chips for assisted and fully autonomous driving. When it comes to such chips for cars, Nomura analysts said there's little reason to worry. Auto chip market BYD, Nio , Li Auto and Xpeng are among the China-based electric automakers using the Orin chip. In the automotive chip category, they noted Nvidia's Thor chip and Qualcomm's Snapdragon Ride Flex chip both fall into that more advanced category.
Persons: Orin, Orin X, Joel Ying, Li Auto, Albert Liu, Weeks, Kneron, Liu, Julian Ma, Ma, Inceptio, Nomura, Inovance Organizations: Nvidia, Nomura, Nomura China Technology, Auto, CNBC's East Tech West, Apple, HSBC, SEC, U.S, Management Locations: China, U.S, Nomura China, South, German, Inovance's, Hong Kong
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become a more complicated process, according to Kobe Ge, the head of China at the New York Stock Exchange. But they're not so familiar with the procedures, which have proved to be more challenging of late, he added. "Previously, listing in the U.S. was relatively easy," Ge said, noting it would take just four-and-a-half or five months for Chinese firms to complete a U.S. IPO. Amid a tepid U.S. IPO market, the handful of Chinese names that have been able to list this year have mostly been smaller companies.
Persons: Kobe Ge, they're, Ge Organizations: Global Inc, New York Stock Exchange, CNBC's East Tech West, CNBC, China Securities Regulatory Commission Locations: New York City, U.S, Kobe, China, Covid, Nansha, Guangzhou, Hong Kong
The CEO of a firm focused on autonomous trucking believes huge change is coming to the sector — with humans and technology working hand in hand to transform the way goods are delivered. Wei said KargoBot was incubated by the Chinese ride-sharing powerhouse Didi for the past three years. KargoBot, he said, already has more than 100 autonomous driving trucks on the road, mainly on routes in Inner Mongolia, northern China. "They have been automatically driving and also, they are delivering goods, they are actually doing commercial operations already." The logistics market, Wei said, is worth more than $1 trillion, with KargoBot focusing on the delivery of raw material for manufacturers and factories.
Persons: Junqing Wei, Wei, KargoBot, Didi Organizations: CNBC's East Tech West Locations: Nansha, Guangzhou, China, Inner Mongolia
U.S. chip export ban is 'great news,' says Chinese tech investor
  + stars: | 2023-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. chip export ban is 'great news,' says Chinese tech investorChloe Wang, partner and VP at the YangCheng Fund, described the U.S. Department of Commerce export ban of Nvidia’s A800 and H800 chips to China as "great news," speaking at CNBC's East Tech West conference. YangCheng invests in semiconductors for sectors including artificial intelligence training and autonomous vehicles.
Persons: Chloe Wang, YangCheng Organizations: U.S, YangCheng, U.S . Department of Commerce, CNBC's East Tech West Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's anti-corruption health care campaign needs to happen on 'massive scale,' says CEOSam Radwan, chief executive of consultancy Enhance International, said the Chinese government crackdown on health care professionals needs to happen on a "massive scale," speaking at CNBC's East Tech West conference. Several public bodies in China launched a campaign against bribes and other types of corruption in July.
Persons: Sam Radwan Organizations: International, CNBC's East Tech West Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO: People will be able to wear VR headsets and have meetings on the street 'in the coming year'Cheng Guo, founder and CEO of StepVR, said that artificial intelligence would enable the development of virtual reality so that people could attend meetings while walking along the street or getting coffee, within a one-year timescale. Guo was speaking at CNBC's East Tech West conference.
Persons: Cheng Guo, Guo Organizations: CNBC's East Tech West
The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. "There will be an inflationary impact coming from [the] decarbonization of shipping … there is no question of it," Bertrand Chen, CEO of the Global Shipping Business Network, told CNBC's East Tech West conference in the Nansha district of Guangzhou, China. New European rules that effectively tax shipping lines for their emissions would push up costs, Chen added. The European Union's Emissions Trading System (ETS) is set to be extended to the shipping industry starting in January 2024, meaning that large ships entering EU ports will be charged for their carbon dioxide emissions. Chen described the EU initiative as "a natural action that will lead to some interesting effects."
Persons: Bertrand Chen, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU, ETS Locations: Nansha, Guangzhou, China, New
"ESG is embedded into the company's DNA since ... day one," Martin Xu, who is corporate senior vice president at Honor, said Tuesday. Xu added that the business is focusing on a number of ESG-related areas, such as accessibility, environmental protection and transparent governance. ESG and IPOsHonor's Xu argued that ESG is inextricably linked to how his company functions and the business is certainly looking to make moves in the space. Among other things, this year saw Honor publish its first ESG Report, and it has also pledged that its operations will be carbon neutral by 2045. We have to focus on the R&D but link … all these factors with the company's ESG methodology," Xu said.
Persons: Martin Xu, Xu, Honor's Xu, ESG Organizations: CNBC's East Tech West, Huawei, Shenzhen Zhixin, Technology Co, Environmental Locations: ESG, Nansha, Guangzhou, China, Shenzhen
Honor SVP on the link between ESG and its plans to go public
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHonor SVP on the link between ESG and its plans to go publicMartin Xu, corporate senior vice president at Honor, was speaking at CNBC's East Tech West event.
Persons: Martin Xu Organizations: CNBC's East Tech West Locations: ESG
More Chinese companies aim to list soon, says Nasdaq VP
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore Chinese companies aim to list soon, says Nasdaq VPRobert H. McCooey, vice chairman of Nasdaq, said at CNBC's East Tech West event that there’s a strong pipeline of Chinese companies that intend to list on the exchange soon.
Persons: Robert H, McCooey Organizations: Nasdaq, CNBC's East Tech West
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS head of sustainable finance: Expect more greenwashing regulation, ESG transparency questionsCompanies should expect institutional investors to ask for information about responsibility in their supply chains and for regulation around greenwashing, said Tasos Zavitsanakis, UBS co-head of sustainable finance for Asia-Pacific, at CNBC's East Tech West conference. "There is an element of openness that needs to happen," he added.
Persons: Tasos Zavitsanakis Organizations: UBS, CNBC's East Tech West Locations: greenwashing, Asia, Pacific
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCost of shipping going green will contribute to inflation 'no question,' says industry CEO“There will be an inflationary impact coming from [the] decarbonization of shipping ... there is no question of it," said Bertrand Chen, CEO of the Global Shipping Business Network, speaking at CNBC's East Tech West conference. The EU will extend its Emissions Trading System to the maritime industry in 2024 — effectively a carbon tax to be paid by shipping lines, and a cost to consumers, Chen added.
Persons: Bertrand Chen, , Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU
Tiger Qie, VP of Didi Chuxing and CTO of Didi's Ride sharing Business Group, speaks with CNBC's Arjun Kharpal onstage at the East Tech West event in, Guangzhou, China. Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai "very soon." "We are going to launch a robo-taxi service in Shanghai very soon," Tiger Qie, Didi's vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC's East Tech West event in Guangzhou, China. "Autonomous vehicles and human-driven vehicles are going to co-exist," Qie said in a fireside chat with CNBC's Arjun Kharpal. Didi has grown rapidly since it was founded in 2012, with 550 million users currently registered with its platform.
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