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DeepSeek long rejected external funding to focus on pursuit of artificial general intelligence. Photo: AFP
DeepSeek

China’s DeepSeek nears US$7 billion haul in first-ever funding round

DeepSeek’s founder and CEO Liang Wenfeng is reportedly committing around 20 billion yuan of his own capital.

Artificial intelligence

ByteDance thinks its Doubao AI is worth paying for. Are China’s users buying it?

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Ant Group

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Alibaba

Alibaba elevates tech chief Wu Zeming to elite committee amid AI push

Wu joins Jack Ma and Joe Tsai in committee of five overseeing group that steers company’s strategy.

A visitor walks in front of an Alibaba booth during the China International Supply Chain Expo in Beijing on July 18, 2025. Photo: AP Photo
A visitor walks in front of an Alibaba booth during the China International Supply Chain Expo in Beijing on July 18, 2025. Photo: AP Photo
Artificial intelligence

ByteDance loses key AI research leader behind Seed models

Gu Quanquan helped oversee the tech giant’s release of its latest flagship AI model, Seed 2.0.

Artificial intelligence

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

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Banking & finance

Fear of missing out: why Asia-Pacific firms chase AI despite scant returns

Survey shows many enterprises across the region invest heavily in AI, worried that their rivals will outpace them.

The survey findings come as businesses race to adopt AI despite persistent challenges in proving returns on investment. Photo: Shutterstoc
The survey findings come as businesses race to adopt AI despite persistent challenges in proving returns on investment. Photo: Shutterstoc
Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

E-commerce

Meituan reports third consecutive quarterly loss amid rivalry in food delivery

CEO Wang Xing says Keeta food delivery business achieved ‘meaningful efficiency gains’ in both Hong Kong and Saudi Arabia in the quarter.

Robotics

World of humanoid robots set for new blueprint as Nvidia teams with Asian firms

The tech trio team up to create a state-of-the-art robot reference design allowing researchers to build, fine-tune and deploy skills faster.

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Unitree robots perform dance moves at Global Sources Hong Kong Shows at AsiaWorld-Expo in Chek Lap Kok. The exhibition showcases the newest technologies in mobile accessories and AI-powered consumer electronics. Photo: Eugene Lee
Artificial intelligence

How MuleRun plans to outpace OpenClaw: Alibaba bets on ‘always-on AI workforce’

MuleRun lowers adoption hurdles, positioning Alibaba’s agentic AI as a safer alternative, with reach across 43 countries.

MuleRun offers agents for different tasks, including video generation, stock analysis and social media management. Photo: Handout
MuleRun offers agents for different tasks, including video generation, stock analysis and social media management. Photo: Handout
Semiconductors

Peking University unveils design tool to power Huawei’s chip ambitions

The university’s new chip design software is compatible with Huawei’s LogicFolding architecture introduced on Monday.

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Semiconductors

Nvidia ‘likely the most concerned’ as Huawei bets on new chip architecture law

Chip advance marks big step accelerating China’s semiconductor self-reliance push and promises leaps in AI computing power.

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Ant Group

Alipay’s AI Wallet and Token Pay a big bet on the future by Ant Group

Chinese fintech giant looks to dominate the transaction layer of the emerging ‘agent economy’ as AI evolves to executing real-world tasks.

The Alipay logo is displayed next to a QR payment code on the app. Photo: Reuters
Huawei

Huawei unveils new scaling law and tech that narrows gap with TSMC, Samsung

The Chinese tech giant’s breakthrough is a major milestone in its mission to create a self-reliant semiconductor ecosystem.

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Huawei Technologies has revealed new technology that can bring its chips equivalent to a process node of 1.4 nanometre within five years. Photo: Shutterstock Images
Huawei Technologies has revealed new technology that can bring its chips equivalent to a process node of 1.4 nanometre within five years. Photo: Shutterstock Images
Alibaba

‘Sharif speed’ meets Qwen AI: how Alibaba sealed a sweeping deal with Pakistan

Chairman Joe Tsai uses firm’s mobile AI tool to draft a sweeping tech pact in moments, as ‘frontier technologies’ increasingly enter the global limelight.

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Artificial intelligence

Xiaomi is pouring billions into AI to future-proof its hardware empire

Beijing-based firm bets on frontier tech, from topping AI benchmarks to designing chips that rival Apple, to secure its long-term survival.

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Artificial intelligence

DeepSeek V4 Pro tops global bang-for-buck ranking after 75% price cut

Model ranks among world’s best for intelligence per dollar thanks to now permanent price cut, according to Artificial Analysis.

On Saturday, DeepSeek made a 75 per cent price cut for the V4 Pro model permanent. Photo: AFP
On Saturday, DeepSeek made a 75 per cent price cut for the V4 Pro model permanent. Photo: AFP
Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

US-China tech war

China rejects claims of curbing US tech funding as Beijing pursues self-reliance

While reaffirming Beijing’s openness, the NDRC also stressed its support for home-grown AI and semiconductor industries.

Artificial intelligence

China behind in LLM race but it can still win in AI, ex-Tencent AI lead says

In the AI era, the problem with being a technological follower is the constant risk of having the rug pulled from under you, Liu says.

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Liu Wei, founder and CEO of Video Rebirth, interviewed at the start-up’s office in Science Park, Sha Tin, May 15, 2026. Photo: Sun Yeung
Artificial intelligence

Alibaba signals next phase of AI growth from investment to commercialisation

Chinese e-commerce and cloud computing giant forecasts 30 billion yuan AI revenue in 2026, with agents driving more than half of cloud sales.

Alibaba stands at a critical inflection point in the development of artificial general intelligence, according to a letter to shareholders. Photo: AFP
Alibaba stands at a critical inflection point in the development of artificial general intelligence, according to a letter to shareholders. Photo: AFP
Artificial intelligence

Alibaba unveils new Qwen model, custom chips in bid to become China’s AI factory

Chinese tech giant launches Qwen3.7-Max, its new large language model designed as a robust foundation for AI models.

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Artificial intelligence

DeepSeek adds former Jane Street engineer to harness team amid agentic AI push

Move underscores start-up’s efforts to build harnesses – software that turns an AI model into a functional and autonomous AI agent.

Semiconductors

Does China’s rapid chipmaking expansion threaten the global AI memory chip boom?

Rising Chinese output and shifting investment patterns may weigh on the semiconductor sector’s outlook, Samsung adviser says.

Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. Photo: Reuters
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