Shares of Zhongji Innolight declined 2.3% in their Hong Kong debut on Thursday (Jul 30), after the Chinese maker of data centre optical parts raised HK$53.4 billion (US$6.8 billion) in the city’s bigg…
Chinese AI startup Moonshot AI released the open-weight Kimi K3 model with 2.8 trillion parameters on Monday, sparking debate in Silicon Valley over potential US bans on Chinese open-source models. Th…
Ant International, the Singapore-headquartered global arm of Jack Ma's fintech empire, closed a $1.2 billion Series A on July 21, 2026, backed by Ant Group and Alibaba Group, to fund cross-border paym…
Chinese AI startup PsiBot, also known as Lingchu Intelligence, is raising close to US$100 million at a US$1.48 billion valuation, making it one of the few unicorns in embodied AI and world models. The…
Researchers at Huazhong University of Science and Technology and Alibaba Group's Wan Team have developed FilmWorld, a system that generates films from novels by modeling a dynamic cinematic world as a…
Ant International, the overseas affiliate of Chinese fintech group Ant Group, has raised about $1.2 billion in a fresh equity round to fund its expansion into markets beyond China. The Singapore-based…
Alibaba Group Holding Ltd. today previewed Qwen3.8-Max-Preview, a 2.4 trillion-parameter AI model, at the World Artificial Intelligence Conference in Shanghai, claiming it ranks second only to Anthrop…
Changzhou, a city in eastern Jiangsu province, announced it is building China's first city-level clean-power token factory, expected to produce 60 trillion tokens annually to support the country's AI …
Chinese AI startup Moonshot AI plans to list in Hong Kong within six months after its Kimi K3 model, a 2.8-trillion-parameter open-weight model, outperformed rivals except Anthropic's Claude Fable 5 a…
Alibaba Group Holding's chip design unit T-Head announced at the World AI Conference in Shanghai on Saturday that it will open-source its SAIL software stack, the foundational architecture for its Zhe…
Chinese AI models now power 60% of US corporate AI use on the OpenRouter platform, with DeepSeek as the most popular model, according to data from the platform. The shift has geopolitical implications…
Chinese President Xi Jinping made his debut at the World AI Conference in Shanghai on Friday, calling for a 'people-centred' and inclusive approach to AI development to prevent 'new historical injusti…
Chinese regulators have granted Apple a licence to launch its Apple Intelligence AI service in China, with Alibaba and Baidu as technical partners. The Cyberspace Administration of China (CAC) publish…
Pakistan will embed artificial intelligence into its Prime Minister Health Card Program to enable faster and cheaper disease diagnosis for nearly 200 million citizens, deploying an AI-based diagnostic…
China's state newspaper People's Daily warned against an 'AI Iron Curtain' emerging from efforts to monopolize artificial intelligence, opposing the use of AI for hegemony or tech barriers as Washingt…
Alibaba Group launched OpenSandbox, an open-source universal sandbox infrastructure for AI applications, providing isolated environments for running code, browsers, and developer tools. The platform s…
SK Group Chairman Chey Tae-won will attend SK hynix's Nasdaq debut in New York this week, as the chipmaker seeks to highlight its AI memory business and attract global investors. The ADR offering has …
ARK Invest CEO Cathie Wood sold $54.2 million in Alibaba stock on June 26, part of a two-day reduction exceeding $71 million, and used the proceeds to buy $9.7 million in Coinbase and $4.5 million in …
Hong Kong Chief Executive John Lee outlined the city's strategy to become a superconnector in the age of AI at the SCMP China Conference, emphasizing AI as a central plank in its first five-year bluep…
Hong Kong stocks fell 11% in the first half of the year, making the city's exchange one of the world's worst performers, as a hawkish Federal Reserve and a lack of pure AI exposure weighed on sentimen…