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Showing posts with label Technologies. Show all posts
Showing posts with label Technologies. Show all posts

Friday 23 September 2022

Chinese apps gain popularity globally

 

Though it takes a long time to develop a brand in foreign markets, Chinese companies are good at research and development, meaning products can quickly be technology-driven and meet local needs 

- Fang Han,

From the world's top short video application TikTok to the biggest fast-fashion app Shein and emerging music-video app StarMaker, a rising number of mobile apps developed by Chinese companies are influencing people's daily lives across the globe.

A new report published by market consultancy iResearch showed that the overseas revenue of China's entertainment apps grew 204 per cent year-on-year in 2021.

In addition, a report from US search giant Google said that the downloads of apps made by Chinese developers among the world's top 1,000 applications nearly doubled over the past decade, from 8 per cent to 14 per cent.

Industry experts said this demonstrated Chinese companies' strong innovative capabilities, but they also face challenges amid rising geopolitical tensions.

"Chinese companies are playing a bigger role in global mobile app innovation, thanks to the rapid development of the digital economy. The momentum of digital consumption and 5G commercialisation promoted the continuous innovation and iterative upgrading of digital technologies, thus driving the huge innovative vitality of app developers," said Wang Peng, a researcher at the Beijing Academy of Social Sciences.

"The Chinese government has also been making great efforts in driving digital innovation and encouraging companies to deeply integrate digital technologies with the real economy," Wang added.

Wang also said that such efforts have led to the development of a group of industry leaders that are able to leverage their innovative ability to contribute to global industrial development.

The iResearch report noted that Chinese gaming apps continued to be the major revenue driver of the nation's apps overseas, but social networking apps have also displayed growth momentum over the past year.

The United States, Japan and South Korea were the main overseas sources of income for Chinese apps. 

Notably, downloads of Chinese apps also increased in Africa, the Middle East and Southeast Asia last year, among which the African market was the most prominent, with a total growth rate of 18.9 per cent year-on-year. StarMaker, a karaoke video app enabling users to create and share music videos, quickly went viral in 102 countries and regions, where it has become one of the best-selling music apps.

"The global market is promising for Chinese companies. 

'Though it takes a long time to develop a brand in foreign markets, Chinese companies are good at research and development, meaning products can quickly be technology-driven and meet local needs," said Fang Han, CEO of Kunlun, the developer of StarMaker.

"After success in one market, we are also able to quickly spread this to other countries," Fang said, adding that the company has a dominant position in markets in Southeast Asia, Africa and the Middle East.

Small developers from China are also warming up the global mobile app market. US tech company Apple Inc said that more than 5 million third-party developers in its iOS app ecosystem are from China, up from 4.4 million a year ago, and they have increasingly become a major force in the global app economy.

However, Huang Leping, head of technology, media and telecommunications at Huatai Securities, said that many challenges remain for Chinese companies in going global, especially as many countries have tightened up their data protection policies.

"In the past, companies have been able to build a set of algorithms in China and offer services in foreign markets, where the data can be interconnected. 

'But in the future, companies may need to build supporting facilities in various countries to do that, which will greatly increase their operating costs and risks," Huang said.- China Daily/Ann

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Saturday 5 March 2022

Cryptocurrencies not recognised as legal tender in Malaysia

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Cryptocurrency Not To Be Considered 'Legal Tender'; Centre To Treat It Like Stocks & Bonds

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Legal Tender? The Regulation of Cryptocurrencies

Cryptocurrencies will never become legal tender

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Demystifying Crypto: Digital Assets and the Role of Government

 

Cryptocurrencies not recognised as legal tender in Malaysia, says deputy minister

 ‘Cryptocurrencies not recognised as legal tender’ 

Useful assets:Although digital assets are not recognised as legal tender, Yamani added it still has many different usage including as a class asset that can be invested in

 

Cryptocurrencies are still not recognised as legal tender in Malaysia as they do not exhibit characteristics of universal money, says Deputy Finance Minister II Yamani Hafez Musa.

Yamani said cryptocurrencies, also known as digital assets, are also not a payment instrument that is regulated by Bank Negara.
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“Digital assets such as bitcoin and Ethereum are not suitable to be used as a payment instrument as these assets do not exhibit characteristics of money.
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“In general, digital assets are not a store of value and a good medium of exchange.
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“This is due to the state of digital assets which is exposed to volatility as a result of speculative investments,” he said when replying to a question raised by Nurul Izzah Anwar (PH - Permatang Pauh) in Dewan Rakyat on Thursday (March 3).
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Nurul Izzah had asked about the government’s role in monitoring and regulating currency as well as cryptocurrency assets.
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She also asked if the government had any plans to create digital currency taking into account Bank Negara’s involvement in Project Dunbar for international money transfers using blockchain technology.
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In explaining the volatility of cryptocurrency, Yamani said bitcoin hit a peak of US$65,000 (RM272,382.50) in April 2021 but quickly saw a decline of 50% the following week.
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He also said cryptocurrency is exposed to the risk of theft in which statistics from 2011 to 2021 showed that digital assets worth US$12bil (RM50.29bil) have been stolen through cyberattacks and hacking.
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He added that bitcoin is also only able to process 10 transactions per second compared to 65,000 transactions per second on current payment systems such as Visa.
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“Also, what is important is the huge impact on the environment because the electrical power that is used to process one bitcoin transaction can process 1.2 milliob visa transactions.
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In 2020, the bitcoin network used 132 terra-watts per hour which is equivalent to the entire electricity consumption of Argentina,” he said.
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Yamani added that currently, Bank Negara has also not decided to issue a central bank digital currency (CBDC) as the country’s domestic payment systems including the Real-time Retail Payments Platform continues to operate safely and efficiently to support Malaysia’s economic needs and allows real-time digital payments.
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“Additionally, the monetary policy tools and existing finances also remain effective in maintaining monetary stability and the country’s finances,” he said.
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Although digital assets are not recognised as legal tender, Yamani added it still has many different usage including as a class asset that can be invested in.
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As such, he said the Securities Commission (SC) as the market regulator has set digital assets as a security under the law and is responsible to regulate its trading activities.- 

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 China's Bitcoin trading plunges to 10% of global share from 90%: central bank

China's Bitcoin trading has plunged to 10 percent of global share from 90 percent, and the country has effectively curbed the speculation of crypto currency trading as part of an effortto fend off domesticfinancial risks and restore financial order, the central bank said on Thursday.

Monday 17 May 2021

China’s Zhurong sends back signals, marking success of Tianwen-1's landing on Mars

Tianwen-1 successfully landed on Mars Infographic: GT

 

A review of China’s Tianwen-1 Mars exploration mission

 
Tianwen-1, China’s first interplanetary expedition, has spectacularly conquered a new major milestone, with its lander-rover combination successfully soft-landing at the planned site in the southern part of a vast plain known as Utopia Planitia on Mars on early Saturday morning, Global Times learned from the China National Space Administration (CNSA).

Chinese President Xi Jinping sent warm congratulations and sincere greetings to the personnel involved in the Saturday feat.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said in his congratulatory letter that this success marks a major step forward in the country’s interplanetary exploration, achieving a leap from Earth-moon system to the interplanetary one. Leaving the footprint of Chinese people on Mars for the first time marks another milestone of the country’s space industry development.

Xi also noted that the country will always remember the contributions and achievements of the participants of the mission, stressing that it is their courage to challenge and pursue excellence that has brought the country to a leading position in the world in terms of interplanetary exploration.

Screen of Beijing flight control center shows the landing site of Tianwen-1 on Saturday. Photo: Zhang Gaoxiang/ CNSA

According to the CNSA, Tianwen-1 probe lowered its altitude from the Martian parking orbit around 1 am Saturday, before its lander-rover combination separated with the orbiter around 4 am. The lander-rover combination then took another flight of three hours before its entry into Mars atmosphere.

The Chinese spacecraft, after entering the Mars atmosphere, spent around nine minutes decelerating, hovering for obstacle avoidance and cushioning, before its soft landing on the designated landing site at the Utopia Planitia, CNSA said.

The orbiter rose and returned to the parking orbit 30 minutes after the separation, to provide relay communication for the landing craft combo, the Chinese space agency said.

Photo: Coutersy of CAST
Photo: Coutersy of CAST Photo: Coutersy of CAST

CNSA underscored that it has conducted cooperation with a range of international aerospace organizations and countries including the Europe Space Agency, Argentina, France and Austria, throughout the implementation of its Tianwen-1 Mars mission.

The smooth landing of the Tianwen-1 probe marked that China has become the third nation that has achieved such a feat, following Russia and the US.

The successful touchdown of Tianwen-1 took place on the 295th day of its journey after it was launched and sent into planned orbit via a Long March-5 carrier rocket from Wenchang Spaceport in South China’s Hainan Province on July 23, 2020.

The whole entry, descent and landing (EDL) of Tianwen-1 took around 9 minutes, during which the speed of the craft was reduced from 20,000 kilometers per hour to zero, according to the China Academy of Space Technology (CAST) the developer of the lander-rover combo of Tianwen-1.

The EDL of the Chinese craft first involved an aerodynamic decelerating stage before it deployed parachute and variant thrust engine systems.

Timeline of China's first Mars exploration mission Infographic: GT
Timeline of China's first Mars exploration mission Infographic: GT Timeline of China's first Mars exploration mission Infographic: GT

Such an aerodynamic decelerating stage reduced the craft's speed by some 90 percent, and then the parachute stage helped it further decelerate to some 100 meters per second before the thrust engine systems were turned on to enable the craft to enter a hovering stage as it reaches some 100 meters above the surface, said Wang Chuang, the chief director-designer of the Tianwen-1 probe with the CAST.

“At the hovering stage, the six instruments on board the rover, including microwave sensors to determine speed and distance and optical cameras, were started simultaneously in order to ‘search for a safer’ spot for the soft landing,” he explained.

Chinese space industry insiders told the Global Times on Saturday that although Tianwen-1 has inherited mature hovering and obstacle avoidance technology from the previous Chang’e-3,-4, and -5 lunar probe missions, there are still plenty of new challenges in its Mars landing attempt.

Currently, the success rate of humanity’s Mars landings is only below 50 percent, and most failed attempts happened at the EDL stage. “It took an extremely accurate operation of a range of technology, including aerodynamic shape design, parachute and engine, to achieve [the] soft landing on Mars. There is no room for defiance of even one second on any single system,” Sun Zezhou, the Tianwen-1 designer-in-chief with the CAST, noted. 

Photo: Coutersy of CAST
Photo: Coutersy of CAST Photo: Coutersy of CAST

Compared to the moon, Mars is first and foremost much further from Earth, which results in an inevitable communication delay of some 20 minutes. It means that Tianwen-1 is very much on its own in the landing process, CAST experts said.

Also, although the density of Mars’ atmosphere is only 1 percent of Earth’s atmosphere, it causes a more complicated environment for landing than a touchdown on the moon, as there is no atmosphere on the Earth’s closest celestial neighbor, they added.

“We did not have first-hand data on the Mars atmosphere… which means we were put in an entirely unknown environment. One can imagine the level of difficulty,” Chen Baichao, chief director-designer of the rover system with the CAST.

China has adopted a unique trajectory-elevation plan based on trim-wing design to resist the risks of uncertainty brought by the Mars atmosphere, according to the CAST.

Named after an ancient fire god of Chinese mythology, the 1.85-meter-tall and some 240-kilogram Zhurong Mars rover will then be deployed. It is designed to rove the planet for at least 3 Martian months, approximately 92 days on Earth.

Infographic:Global Times
Infographic:Global Times Infographic:Global Times

In total, six scientific payloads – a pair of navigation and terrain cameras, a multispectral camera, a Mars surface composition detector, a penetrating radar, a mast-mounted magnetometer and a Mars climate station – were installed on Zhurong to study the topography, geology, soil structure, minerals and rock types and atmosphere in the area.

To survive the notoriously harsh sand storm on Mars’ surface, speed of which could reach 180 meters per second, about three times stronger than that of a super typhoon on Earth, Chinese engineers have developed a new material for Zhurong, enabling it to resist dust stains and shake off the dust, if any, by vibration.

Also, when the Mars rover encounters complicated situations on its drive path, Chinese scientists will conduct a simulation test on Earth with a 1:1 Zhurong model in the lab first, before they send instructions to the rover, Global Times learned from the CAST.

The technology used in the landing is based on China's successful human spaceflight and lunar missions, Andrew Jones, a Finland-based space observer who follows China's space industry, told the Global Times. "They haven't tested this altogether, but they have had the experience of dealing with these technologies."

What China is doing in the Tianwen-1 expedition is “extremely challenging and impressive,” said Jones. 
 
 
Related:
 
 
 
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China successfully launches 1st Mars probe

Live: China's inaugurates first Mars exploration mission Tianwen-1 in southern Hainan Province

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US versus China – in outer space

Tuesday 7 January 2020

Mobile coverage snag as uers in many areas face connectivity issue while Malaysia moves into 5G era!

Pix for representational purpose only.

While Malaysia strives to move into the 5G era, the current 4G mobile network connectivity is still found wanting in many areas in the country, including the Klang Valley.

Mobile users in areas such as Taman TAR in Ampang, Jalan Damai Jasa in Alam Damai, Cheras Hartamas and certain areas in Subang, Selangor, face connectivity issues.

Wong Sew Kin, a senior lecturer at the Faculty of Engineering, Multimedia University, said there are areas within the Klang Valley that face a drop in network signals.

“Even places near my house in Bukit Beruntung, Rawang, have no signal at all let alone the internet,” he said, adding that more needs to be done for telecommunications infrastructure in Malaysia if it is to be on par with nations such as Singapore and China.

“We are venturing into 5G now but there are still problems with connectivity. We should address this to solidify our mobile network infrastructure so that we are able to make quick and steady advancement without having to worry about minor issues. It is important that we iron out the kinks.”

He added the lack of network signals can be attributed to the lack of base stations, or simply known as telco towers, in certain areas.

“As far as I know, the building of base stations has nothing to do with the government as it’s usually up to the telcos and they prioritise providing network connectivity in highly populated and commercial areas.

“However, the government can play its part by providing incentives for telcos to set up more base stations to ensure that we are fully connected,” he said.

Anusha Ravi, a resident of Alam Damai in Kuala Lumpur, told theSun she often has to direct her e-hailing drivers through the phone to her residence as the drivers are unable to use navigation apps due to the poor network signal.

A resident of Taman Billion in Cheras, Kuala Lumpur, said he has faced poor network coverage for years despite being close to commercial areas.

“I have complained about this many times but nothing has been done,” he said, adding that he has to walk some distance away from his house just to make a call.

However, another expert who declined to be named, specialising in base station construction and installation, said the government is already doing all it can to ensure connectivity.

“The government, through the Malaysian Communications and Multimedia Commission’s Universal Service Provision fund, provides contractors and telcos opportunities to develop network infrastructure and connectivity in under-served areas, especially rural places.

“To my knowledge, sometimes we face issues such as a drop in network signals due to lack of base stations within a certain range. Sometimes there is no land to build base stations in between.”

Telcos sometimes face problems when planning to build base stations due to protests by residents in the area.

For instance, residents in Taman Sri Puteri, Bayan Lepas in Penang, successfully lobbied for the removal of telco towers in their area recently.

Among their reasons was that the towers were too close to their homes and thus were a health hazard.

Tutela, an independent crowdsourced data company, noted in its “State of mobile Networks 2019: Southeast Asia” report last year that Thailand beat Malaysia in a test where a mobile connection was good enough for basic internet usage.

The Philippines and Indonesia came out third and fourth.

“All four countries in the report are relatively close when it comes to basic quality. Thailand takes first place, with users able to make a voice over internet protocol call – a technology that allows you to make voice calls using a broadband internet connection or check emails at least 92.5% of the time when connected to one of the country’s networks.”

Source link

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