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Kimi developer Moonshot AI is in no rush to go public after raising a hefty sum in its latest funding round. Photo: Shutterstock

Tech Trends

China’s Moonshot AI raises US$500 million in latest funding round: report

The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.

Multibillion Manus deal delights, but raises spectre of a China AI exodus

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Former DJI self-driving unit seeks edge in adapting drone tech to heavy vehicles

Big Tech

Nvidia asks chipmaker TSMC to ramp up H200 production amid China demand: sources

Chinese tech companies place orders for more than 2 million H200 chips for 2026, according to sources.

The exact additional volume of H200 chips Nvidia intends to order from semiconductor foundry TSMC remains unclear. Photo: Shutterstock
The exact additional volume of H200 chips Nvidia intends to order from semiconductor foundry TSMC remains unclear. Photo: Shutterstock

China Business

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

Big Tech

Exclusive | ByteDance to pour US$14 billion into Nvidia chips in 2026 as AI demand surges

Chinese unicorn’s computing needs have climbed across its portfolio of popular apps, cloud unit Volcano Engine and large language models.

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Tech Trends

China-founded Tripo AI updates 3D content platform as users more than double

‘This shows that we’re on the right track,’ founder and CEO Simon Song Yachen says.

Tripo AI’s flagship platform, Tripo Studio 1.0, generates 3D content from text or images in seconds. Photo: Handout
Tripo AI’s flagship platform, Tripo Studio 1.0, generates 3D content from text or images in seconds. Photo: Handout

Tech Trends

China’s tech giants offer lavish year-end bonuses amid AI talent war

ByteDance is expanding its bonus pool by 35 per cent from a year earlier, as well as increasing the budget for pay rises by 150 per cent.

Big Tech

China-founded AI start-up Manus acquired by Meta for ‘billions’

Deal will bring Singapore-based Manus’ ‘leading agent to billions of people’, Meta says.

Big Tech

Huawei hails Ascend AI ecosystem as Atlas 900 supernode rolls out

Chairwoman Meng Wanzhou hails company’s breakthroughs in 2025, vowing to take advantage of ‘strategic opportunities’ in AI.

The Huawei booth at the Mobile World Congress in Shanghai, June 26, 2024. Photo: AFP

IPO Quote Profile

China’s Zhipu AI launches US$560 million share sale amid heated IPO tech race

The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong’s first large language model listing.

Zhipu AI is moving closer to becoming the first large language model developer listed in Hong Kong. Photo: Shutterstock
Zhipu AI is moving closer to becoming the first large language model developer listed in Hong Kong. Photo: Shutterstock

China Business

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.

China Future Tech

Trip.com tests stablecoin, offering USDT and USDC for prepaid bookings

The travel platform switched on stablecoin checkout in select markets, a cautious offshore pilot as Beijing keeps crypto crackdown in place.

AI

ByteDance’s Volcano Engine lands exclusive AI cloud slot at Spring Festival Gala

The Spring Festival Gala’s sponsorship race is intensifying, as tech groups and consumer electronics brands chase exposure and reach.

Volcano Engine sign is seen at the company’s headquarters in Beijing, China. Photo: Shutterstock

Tech Trends

Chinese robot vacuum maker Dreame gives staff gifts of gold, trip to Antarctica

Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.

A Dreame 10s Ultra robot vacuum cleaner. Photo: Dreame
A Dreame 10s Ultra robot vacuum cleaner. Photo: Dreame

Banking & Finance

Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

KPMG, Deloitte and EY boost hiring and invest in AI to lift efficiency and attract talent amid rising demand for tech-savvy professionals.

China Business

Xiaomi dips on co-founder’s US$2 billion share sale plan

Co-founder and vice-chairman Lin Bin plans to offload no more than US$500 million in any 12-month period starting in December 2026.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

How Huawei and DeepSeek are tending the garden of China’s AI aspirations

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

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The questions in FAI-C were reviewed by a panel of Biblical experts, including theologians, pastors, psychologists and scholars of ethics. Photo: SCMP

Tech Trends

China’s Moonshot AI raises US$500 million in latest funding round: report

Kimi developer Moonshot AI is in no rush to go public after raising a hefty sum in its latest funding round. Photo: Shutterstock

China Economy

China’s next decade to cement status as hi-tech manufacturing power: reports

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Robots carry out welding operations at the FAW-Volkswagen production based in Jimo district, Qingdao, eastern China’s Shandong province, on February 19. Photo: AFP

Business

Multibillion Manus deal delights, but raises spectre of a China AI exodus

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Manus has effectively shattered the fixation on ‘Ivy League’ degrees and marquee work histories. Photo: Shutterstock

Global Economy

Nexperia, Wingtech set for fresh face-off in January with US$8 billion at stake

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Flags fly next to a logo of Nexperia at the facade of its factory in Dongguan, Guangdong province, amid a diplomatic standoff between China and the Netherlands over the company. Photo: Reuters
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OPINION
Patrick Winter

Opinion | Asia needs AI talent to fuel its future growth

Patrick Winter
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Macroscope | Can AI deliver the economic goods and high returns? Don’t count on it

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Christine Loh

Opinion | Arguing about China’s overcapacity overlooks its drive for clean energy

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Winston Mok

Opinion | How China can help Africa build human capital

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James David Spellman

Opinion | Why 2026 will be the year AI hype collides with reality

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MULTIMEDIA
Video

Hongkongers urged to use eMPF to ward off scams

Hongkongers urged to sign up for eMPF platform as defence against scams
Video

How a Shanghai start-up is digitalising Chinese tea

Safety, verification and trust behind start-up company Teakan Technology’s goal to make traditional Chinese tea digitally traceable
Video

Humanoid robots take centre stage at Shanghai summit

Competitions mainly focused on robotic applications in industrial assembly, home services, flower arranging, healthcare and elderly care, as well as restaurant services
Video

Australia’s under-16 social media ban due to take effect

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