Wang Xuepu, vice president of Chinese online video streaming company iQiyi told CNBC on Tuesday that artificial intelligence has enhanced the company’s efficiency in all aspects of the business. “Now we can cut thousands of hours of work to just hours,” Wang said in Mandarin at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China. He said that the company is using AI across its business like adding subtitles or integrating multimedia more quickly. Wang added AI has increas

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

Colonel Alex Vindman, a Ukraine expert at the National Security Council, and Jennifer Williams, a European security expert working for Vice President Mike Pence. Following Vindman and Williams, the former top Russia and Europe expert at the NSC, Tim Morrison, will testify, along with Trump’s former special envoy to Ukraine, Kurt Volker. Morrison, Williams and Vindman were part of the small cadre of White House staffers who listened to Trump’s July 25 phone call with the newly elected Ukrainian p

“Anti-President Trump” sentiment in the U.S. could become a barrier to American investment in space exploration, according to astronaut Al Worden. The U.S. president has openly shared his aspirations for NASA to reach Mars and return to the moon. Right now, we’re on an upswing — President (Donald) Trump has said let’s go back to the moon,” he told CNBC. When JFK was president, he had the support of the country, Congress and everybody, and he could get it done. “Unfortunately, I think there’s a l

Kohl’s earnings and sales for the latest quarter fell short of analysts’ estimates, the company reported on Tuesday. Net income during the period ended Nov. 2 fell to $123 million, or 78 cents per share, compared with $161 million, or 98 cents a share, a year ago. Excluding one-time items, Kohl’s earned 74 cents per share, short of expectations for 86 cents, based on Refinitiv data. Net sales fell to $4.36 billion from $4.37 billion a year ago, missing expectations for $4.4 billion. Sales at Koh

In the not too distant future, polite robots will roam the streets delivering packages and an underground tunnel network will be woven into city planning. That is the vision of Chinese e-commerce giant JD.com, its Head of Research Hui Cheng told a panel at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China on Tuesday. With 51 billion of the world’s 87 billion parcels needing to be shipped in the last year, Hui said JD intends to one day be able to automate the entire del

Home-sharing platform Airbnb needs to “localize” its platform if it is going to be successful in China, according to Tao Peng, president of Airbnb China. “Eastern culture is very different from Western culture,” Peng said Tuesday at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China. In order to convince China’s 1.4 billion people to use its platform, Airbnb is trying to ensure that Airbnb China is built by “Chinese engineers for Chinese people,” Peng told CNBC’s Deirdre

Chinese electric carmaker WM Motor is seeking up to $1 billion in funding within the next six months as it targets one new model a year. WM will be launching its new model, the EX6 SUV, at the Guangzhou Auto Show on Friday. WM Motor’s EX5 electric vehicle on display at the Consumer Electronics Show Asia in Shanghai in June 2019. Autonomous driving a ‘game changer’There were also bullish sounds from fellow Chinese electric vehicle manufacturer Xpeng Motors, particularly on the subject of smart ve

In a decade’s time, there may not be a single bank branch, but that doesn’t mean all your assets are going to managed by robots. “I think the bank’s going to be in the palm of your hand” in 10 years time, said Lucy Gazmararian, associate director, PwC Hong Kong, at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China. To be clear, the shift is firmly underway with many financial institutions long having offered online-only services. But younger generations have grown up wi

An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. DUBAI, United Arab Emirates — Boeing managed to reach day three of the Dubai Air Show with bids for 50 of its embattled 737 Max jets, a day after getting a firm order for 10 of the jets from leisure airline SunExpress. Kazakhstan carrier Air Astana announced Tuesday a letter of intent for 30 of the Max jets, which have been grounded globally

Home Depot shares tumbled Tuesday after the company once again cut its 2019 forecast, and also reported same-store sales well below estimates. Home Depot also cut its sales forecast for the year. The company also cut its same-store sales forecast for the fiscal year. Home Depot CEO Craig Menear also cited continued lumber deflation for the lower sales forecast. Correction: An earlier version of this story misstated the forecast for global same-store sales.

We see tremendous opportunities with the Emirates: US government officialR. Clarke Cooper, assistant secretary to the U.S. Bureau of Political-Military Affairs discusses the cooperation between the U.S. and the UAE.

‘Short-term chaos’ in Hong Kong won’t impact the Greater Bay Area1 Hour AgoXiao Wunan of the Asia Pacific Exchange and Cooperation Foundation says the future of Hong Kong will be supported by stronger government policies once the violence cools down. He also discusses the transition in the Chinese economy and the need for more priority to be given to health care in the country.

Alibaba’s secondary listing is ‘quite significant’: UBS1 Hour AgoWendy Liu of UBS Investment Bank discusses the benefits of a dual listing for Alibaba and the technology gap between the U.S. and China. She says, because of China’s own needs, there’s a willingness in the country to back new technologies such as 5G networks and blockchain.

Artificial intelligence is ‘enhancing’ healthcare: Doctor1 Hour AgoChun Yuan Chiang of IHDpay Group says artificial intelligence cannot completely replace the “high-touch” nature of medical care. However, technology can be helpful in diagnosis or in situations where patients have long, complicated medical histories, he says. Chiang was speaking on a panel with Jai Verma of Cigna International and Dai Ying of GE Healthcare.

U.S. Defense Secretary Mark Esper (L) attends with South Korean Defense Minister Jeong Kyeong-doo (R) during their press conference after the 51st Security Consultative Meeting (SCM) at Defense Ministry on November 15, 2019 in Seoul, South Korea. South Korean and U.S. officials broke off talks on Tuesday aimed at settling the cost burden for Seoul of hosting the U.S. military, South Korea’s Foreign Ministry said, amid a public backlash over a U.S. demand for a sharp increase in the bill. Negotia

Artificial Intelligence (AI) is helping oncologists in the U.K. detect ovarian cancer in patients much earlier than was previously possible, according to the CEO of TPP, a company that provides health-care related software to doctors and nurses. “So, our AI can now spot (ovarian cancer) in more than 50% of cases up to two years before the doctor,” Frank Hester told CNBC’s Christine Tan at the East Tech West conference in the Nansha district of Guangzhou, China. “The average doctor in a 40-year c

Firemen put out a burning car set on fire by protesters near Hong Kong Polytechnic University in the Tsim Sha Tsui district on November 18, 2019 in Hong Kong, China. About 200 protesters were still inside the sealed-off Hong Kong Polytechnic University campus, raising fears of bloody clashes with no resolution in sight. The statement came a day after Hong Kong’s High Court vetoed the ban, imposed using colonial-era emergency powers, on wearing face masks during public demonstrations. He also sai

Even amid a slowing Chinese economy and ongoing political unrest in Hong Kong, there are still many business and investment opportunities in the country’s Greater Bay Area, said Xiao Wunan, executive vice chairman of the China-backed Asia Pacific Exchange and Cooperation Foundation (APECF). The Guangdong-Hong Kong-Macau Greater Bay Area is made up of nine Chinese cities in Guangdong province and two special administrative territories, Hong Kong and Macau. At the East Tech West conference in the

Alibaba affiliate Ant Financial has no immediate plans to go public, according to a senior executive at the company. Market-watchers and investors have speculated for years about a potential blockbuster listing for the online financial services giant Ant Financial, which has a reported valuation of around $150 billion. “We don’t have any timetable for an IPO,” Douglas Feagin, president of the international business group at Ant Financial, told CNBC’s Deirdre Bosa and Christine Tan on Tuesday. Fe