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The lawsuit argues that US President Donald Trump’s approval of the TikTok deal violates requirements ​set out in a 2024 divestiture law. Photo illustration: Reuters

United States & Canada

Trump sued in bid to undo approval of TikTok’s US sale

The lawsuit is the first legal challenge to the deal with China’s ByteDance, but does not seek to force a US ban on the short-video platform.

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Crypto billionaire Justin Sun settles US fraud case for US$10 million

Insilico Medicine advances Middle East push with UAE AI drug discovery deal

Tech

China to put state-owned firms, capital to work nurturing tech champions

Beijing’s work report outlines funding, IPO support and SOE-led tech adoption to accelerate AI and other frontier industries.

Beijing has pledged to provide a broader range of financing options to nurture the next generation of strategic industries. Photo: Xinhua
Beijing has pledged to provide a broader range of financing options to nurture the next generation of strategic industries. Photo: Xinhua

Policy

China’s 5-year plan emphasises ‘orderly’ AI development amid market volatility

First announced in 2024, the AI Plus initiative includes a target of integrating AI into 90 per cent of China’s economy by 2030.

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Big Tech

JD.com posts quarterly loss amid costly instant delivery battle

Profit for 2025 cut in half amid expensive fight with Alibaba and Meituan, as well as dampened consumer spending.

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Banking & Finance

China and Hong Kong should relax biotech listing rules, venture capitalist says

Foreign investors are returning to China’s healthcare sector, but IPO bottlenecks and takeover rules could deter deals, VC Nisa Leung says.

Biotechnology was explicitly included as a “strategic emerging pillar industry” in China’s government work report during the “two sessions” Photo: Shutterstock
Biotechnology was explicitly included as a “strategic emerging pillar industry” in China’s government work report during the “two sessions” Photo: Shutterstock

Tech

Top chip leaders urge national drive to ‘build China’s ASML’ amid US curbs

Financial and human resources must be pooled and authorities should start drawing up plans immediately, top executives say in an article.

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Big Tech

Alibaba task force, led by CEO Eddie Wu, will focus on AI model development

Wu affirmed in his letter that Alibaba would ‘uphold our open-source model strategy’ and scale up investment in AI.

Banking & Finance

China’s state-led venture capital revival risks losing momentum

Four government funds formed to back projects, but lack of funding diversity could risk stalling the industry again if policy shifts.

Several government funds have been formed in China to support investments in key projects. Photo: NurPhoto via Getty Images

Big Tech

Alibaba recruits Google DeepMind contributor to join Qwen AI team: sources

Zhou Hao to join as head of post-training research, sources say, as technical lead Lin Junyang departs in reshuffle.

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In recent months, Alibaba has accelerated efforts to monetise growing global adoption of its Qwen AI models. Photo: Shutterstock
In recent months, Alibaba has accelerated efforts to monetise growing global adoption of its Qwen AI models. Photo: Shutterstock

Tech

China poised to expand global access to AI despite rivalry with US: Wang Jian

The prominent AI scholar says China’s data resources, power supply and industrial base position it to expand global access to the technology.

4

China Business

China biotech outlicensing tops US$52 billion in first 2 months

The latest deals are Sino Biopharmaceutical’s partnership with France’s Sanofi and Antengene’s agreement with Belgium’s UCB.

Tech

Asian tech stocks reel as US-Iran war threatens infrastructure and supply chains

South Korea’s Kospi is the worst-hit in Asia, with Samsung Electronics and SK Hynix falling 11.7 per cent and 9.6 per cent, respectively.

Currency dealers monitor exchange rates as an electronic screen shows South Korea’s benchmark stock index on Wednesday. Photo: AFP

Health & Wellness

Paging Dr Chatbot? 5 things to know before you ask AI about your health

AIs like Chat GPT and Claude are not substitutes for professional care, say experts, but can give useful information if used responsibly.

AI chatbots can offer health insights but they are not substitutes for professional care. Here are some things to consider before talking to a chatbot about your health. Photo: Shutterstock
AI chatbots can offer health insights but they are not substitutes for professional care. Here are some things to consider before talking to a chatbot about your health. Photo: Shutterstock

Policy

China’s tech leaders urge faster AI, robot adoption in ‘two sessions’ proposals

Tech leaders advocate for rapid AI and robotics growth, calling for policy support to boost industrial use and computing infrastructure.

Tech

Jack Ma, Alibaba leaders call for education overhaul in the age of AI

Time spent memorising textbooks could be freed up to cultivate creativity and imagination, according to Ma, the founder of Alibaba.

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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

Business

Will users stick around after China’s US$1 billion AI marketing battle?

Red-packet battle: AI tech giants spent a collective US$1 billion on marketing this Chinese New Year. Photo: Getty Images

China Business

Insilico Medicine advances Middle East push with UAE AI drug discovery deal

The agreement was reached during the World Health Expo in Dubai between February 9 and 12, about two weeks before the United States and Israel launched military strikes on Iran. Photo: Shutterstock

Policy

China’s 5-year plan emphasises ‘orderly’ AI development amid market volatility

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People watch as robots perform a dance during Lunar New Year celebrations in Beijing on February 18. Photo: Reuters

Banking & Finance

China and Hong Kong should relax biotech listing rules, venture capitalist says

Biotechnology was explicitly included as a “strategic emerging pillar industry” in China’s government work report during the “two sessions” Photo: Shutterstock
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OPINION
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MULTIMEDIA
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Chinese robodog passed off as India-made at AI summit

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