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

Huawei

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

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Alibaba

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

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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.

Xiaomi has recently committed more than US$8.8 billion to AI investments over the next three years. Photo: AFP
Xiaomi has recently committed more than US$8.8 billion to AI investments over the next three years. Photo: AFP
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.

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.

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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.

The logo of Manus is displayed on a smartphone screen with the Meta logo in the background. Photo: VCG via Getty Images
The logo of Manus is displayed on a smartphone screen with the Meta logo in the background. Photo: VCG via Getty Images
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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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.

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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Alibaba Grouop Holdings unveiled its new large language model Qwen3.7-Max which it said will be a robust foundation for AI models on Wednesday. Photo: Handout
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.

Job postings have suggested that the harness team would be a core unit within DeepSeek. Photo: Shutterstock
Job postings have suggested that the harness team would be a core unit within DeepSeek. Photo: Shutterstock
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.

Artificial intelligence

China’s Moonshot AI moves to unwind offshore structure in IPO pursuit: sources

Beijing-based unicorn tells shareholders it will dismantle VIE model as regulators tighten oversight, as shift may signal new era for foreign tech investment.

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China’s private sector

Baidu says AI now primary business driver despite 2% drop in first-quarter revenue

Analysts expect the company’s AI marketing services base to steadily grow to reduce declines in advertising revenue and boost profits.

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The Baidu logo is displayed at the company building in Shenzhen. Photo: Getty Images
Artificial intelligence

Forget cellular data: China’s telecoms giants are selling AI token plans

China Telecom and China Unicom’s Shanghai branch are among the latest telecommunications carriers to offer token-based packages to consumers.

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All three major telecom operators in China now offer tokens-based packages to consumers. Photo: AFP
All three major telecom operators in China now offer tokens-based packages to consumers. Photo: AFP
Artificial intelligence

Chinese tech giants race to dominate AI-powered digital gateways

The integration of agentic AI with sites like Taobao and JD.com is reshaping shopping, but the bigger promise is an agent within WeChat.

Artificial intelligence

China ramps up building national computing power network as AI token use surges

Beijing casts computing power as a national infrastructure, likening tokens to mobile data as telecoms firms roll out mass-market packages.

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2026 Xi-Trump summit

Trump poured millions into tech giants seeking China deal, ethics filing shows

In the first quarter, Trump made at least nine trades in Nvidia, with transaction values ranging from US$1,001 to US$5 million.

US President Donald Trump gestures as he departs Beijing Capital International Airport aboard Air Force One, in Beijing on Friday. Photo: Reuters
US President Donald Trump gestures as he departs Beijing Capital International Airport aboard Air Force One, in Beijing on Friday. Photo: Reuters
Artificial intelligence

Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

The funding round was led by venture capital firms GV and Greycroft, with ‘major participation’ from Nvidia and AMD.

Semiconductors

China’s top chip foundries forecast second-quarter growth amid AI boom

Bai Peng, Hua Hong’s chairman and president, downplayed the impact of US export controls on the company’s capacity expansion plans.

Artificial intelligence

Alibaba, Tencent present a tale of two strategies for AI spending

Alibaba will focus its AI capex on cloud services, while Tencent is prioritising internal demand with its spending.

Alibaba Cloud signage is pictured at the Alibaba office in Beijing on April 1, 2026. Photo: AFP
Alibaba

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

A pedestrian walks past an Alibaba display outside a company office building in Shenzhen, China. Photo: Getty Images
A pedestrian walks past an Alibaba display outside a company office building in Shenzhen, China. Photo: Getty Images
Tencent

AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth

CEO Pony Ma told shareholders there was the beginning of a turnaround, but that the company was ‘not yet seated’.

Alibaba

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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Artificial intelligence

China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit

The role of tech products in April’s trade data reflects how computing-related goods are a ‘new and important growth driver’ for exports.

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Chinese trade received a significant boost from the technology sector in April. Photo: Shutterstock Images
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