AI disruption, geopolitics and partnerships in focus at Hong Kong business summit

A closed-door summit in Hong Kong brought together technology-driven disruptions, geopolitical tensions, and international partnerships in focus. Approximately 100 business leaders, executives, and academics from the United States, mainland China, Hong Kong, Southeast Asia, and the Middle East gathered for the fourth Family Business Summit, co-hosted by the South China Morning Post, Blue Pool Capital, and UBS.

Singapore's Minister for Digital Development and Information, Josephine Teo, addressed a welcome dinner, emphasizing Singapore's efforts to harness AI for growth while addressing concerns such as job displacement, cybersecurity, and cross-border attacks. She highlighted the nation's commitment to equipping its citizens with AI skills and engaging with countries like the US and China to discuss AI safety, governance, and adoption.

The conference also delved into China's advancements in biotechnology and embodied intelligence, as well as the evolving relationship between China and Russia. The summit featured discussions on the future of China's domestic demand, security and policy in the Taiwan Strait, diversifying economic and strategic relationships amidst geopolitical uncertainty, and the entertainment industry in Asia.

The event concluded with a panel moderated by Alibaba Group Holding's chairman, Joe Tsai, focusing on Asia's entertainment industry.