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Eunice Xu
SCMP Contributor
Eunice is a journalist and writer based in Hong Kong. She previously worked in finance.
Eunice is a journalist and writer based in Hong Kong. She previously worked in finance.
Areas of Expertise:
Business, Finance, TechnologyLanguages Spoken:
Cantonese, English, Mandarin
State-backed funds, Big Tech drive fresh capital into robotics companies, betting on operating systems that underpin humanoid intelligence.
Bitcoin’s steep pullback has rattled global crypto markets, but in Hong Kong clearer rules on stablecoins are underpinning confidence.
The entire Qwen-3 process – from uploading queries to on-orbit inference and sending results back to Earth – took less than two minutes.
Manufacturer adds line in anticipation of surge in global demand for humanoid robots, with one estimate projecting 100,000 shipments by 2027.
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Major vendors are scrambling to expand production, but the scarcity of general-purpose memory chips is forecast to continue well into 2027.
Startorus Fusion raised US$143 million, a record for a private firm, while Supermag New Energy received ‘several hundred million yuan’.
Domestic suppliers capture 35 per cent share as China accelerates push for semiconductor self-sufficiency.
Zhipu’s coding assistant is wooing subscribers with a monthly fee of about US$3, a fraction of what Anthropic charges for Claude.
DeepSeek turbocharged open-source AI, Nvidia’s Jensen Huang says, as he rolls out next-gen Rubin hardware at CES.
Beijing-based Ubiquant launches code-focused systems claiming benchmark wins over US peers despite using far fewer parameters.
DeepSeek’s proposed ‘mHC’ design could change how AI models are trained, but experts caution it still needs to prove itself at scale.
The company was aiming for approval in the second half of 2028, paving the way for a market launch in 2029.
The paper comes at a time when most AI start-ups have been focusing on turning AI capabilities in LLMs into agents and other products.
Meta’s acquisition of Manus has opened a new cash-out path for China’s AI founders, but also sparked concerns over a brain drain.
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.
Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.
Europe is Dreame’s largest market for robotic vacuum cleaners, with more than half of its revenue there generated by premium products.
The two companies expect to launch Tongxin Micro Technology as a developer of automotive domain controller chips.
Hong Kong-listed UBTech is buying a 43 per cent stake in Zhejiang Fenglong, as China’s robotics firms increasingly eye A-share acquisitions.
China’s AI toy sector is forecast to expand to US$12 billion by 2030, up from US$3.5 billion this year.
The Beijing-based AI-for-Science firm said the Series C round would fund hiring and R&D, as interest grows in using AI to speed up scientific discovery.
Short-video platform’s services are thrown into chaos on Monday night after the cyberattack it blames on ‘black and grey industries’.
China continues to dominate in humanoid robotics, and its lead over the US is accelerating, according to a recent Morgan Stanley report.
US drug makers are racing to plug looming ‘patent cliff’ revenue gaps – and increasingly they are turning to China biotechs.
The Beijing-based supercomputer maker says its scaleX platform represents China’s first 10,000-card AI supercluster.
China chipmakers are projected to continue outspending the world on wafer fab equipment through 2027, report says.
Last month, Picea subsidiary Santrum bought about US$191 million of iRobot’s outstanding debt from the investment firm Carlyle Group.
ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.
The function has been made available to participants in the Rokid Spatial Joy 25 Global AR and AI Developer Competition.
