Daily Tech Review: Helping China’s Low-Altitude Economy Take Flight, Increased U.S. Blacklisting of Chinese Companies.

Drones and eVTOL Aircraft: A Boost for Industries, Yet Safety Concerns Persist

The latest technology developments in China and Asia are highlighted in the Daily Tech Roundup, showcasing the potential of drones and eVTOL aircraft for various industries. While Chinese policymakers are enthusiastic about this idea, progress in airworthiness certifications and drone delivery trials has been slow due to safety concerns related to autonomous technologies.

On the international front, the U.S. Commerce Department has recently added 37 Chinese entities to its trade restriction list, including eight companies involved in a high-altitude balloon incident over the U.S., raising national security concerns. Additionally, 22 firms were listed for trying to acquire American technology to enhance China’s quantum technology capabilities, possibly for military purposes.

During President Xi Jinping’s visit to Hungary, the country agreed to enhance its partnership with Huawei Technologies Co. Ltd., despite potential tensions with Western allies. This collaboration aims to develop a cloud services platform with Hungarian telecom company 4iG Nyrt., serving Chinese operations in Hungary and local businesses.

In corporate news, Baidu Inc.’s head of communications resigned after facing criticism for promoting a harsh management style on social media. This incident has sparked discussions about extreme working conditions in some Chinese tech companies.

Southeast Asia is emerging as a major destination for global tech investments, moving away from its reputation as a tech backwater. Companies like Apple, Microsoft, and Nvidia have made significant investments in the region, recognizing its growing importance due to a young demographic increasingly using digital services.

Finally, Zeekr Intelligent Technology Holding Ltd., an upscale electric vehicle brand under Zhejiang Geely Holding Group Co., successfully expanded its U.S. IPO to raise $441 million. This marks the largest U.S. listing by a China-based company since 2021, showing a rising investor interest in innovative automotive technologies.

Chinese policymakers are exploring the potential of drones and eVTOL aircraft for various industries as part of their “low-altitude economy” plan.

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