Pfizer agreed to an upfront payment of US$1.25 billion, US$150 million for mainland rights and a US$100 million equity investment in 3SBio.
The Silicon Valley start-up says it is ‘concerning’ that the US added only one-tenth of the power capacity that China added last year.
Questions remain about availability of the chip favoured for training large language models, as Nvidia warns of limited supply.
Chinese AI agent firms have ‘relatively weak’ digital infrastructure, and budgets have been impacted by the macro environment, says report.
Biology was created by nature and therefore harder to ‘manipulate’, Huang said at the China International Supply Chain Expo on Thursday.
DeepSeek’s models, Alibaba’s Qwen and Chinese start-up Moonshot’s Kimi are ‘the best open reasoning models in the world today’, says Huang.
China’s open source AI is a ‘catalyst for global progress’ that is ‘giving every country and industry a chance to join the AI revolution’, Huang says.
21 Jul 2025 - 9:46AM videocam
Nvidia has applied to sell the H20 GPU again, and the US government has ‘assured Nvidia that licences will be granted’.
The State Administration for Market Regulation gives the green light to the US$35 billion deal under certain conditions.
The State-owned Assets Supervision and Administration Commission calls on state-backed firms to study the role of digital assets in trade.
The start-up, which aims to raise tens of millions of US dollars in an angel funding round, hopes to compete globally, founder says.
SenseTime chief financial officer Wang Zheng says ‘having easy access to capital is extremely important’ for AI companies.
The August event comes as the race for crypto supremacy has intensified, with both Hong Kong and the US moving to legalise stablecoins.
Sales of Apple’s flagship device ‘will stumble amid weak consumer spending and an ageing iPhone 16 cycle’, Counterpoint analyst says.
China is set to follow Europe in passing an artificial intelligence law, while the Trump administration opposes federal legislation in the US.
The Shenzhen-based firm’s newly launched Magic V5 has an AI agent that can make presentations and coordinate ride-hailing across multiple apps.
While the US is still far ahead in AI chip technology, China is following very closely in algorithms, says computer scientist Harry Shum.
Qwen VLo adds to the intense competition in China’s AI landscape, where Alibaba has pursued an open-source approach to gain users.
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Hong Kong is seeking an early lead in stablecoins and tokenisation as Trump pushes the US to become the ‘crypto capital of the planet’.
In the latest China Future Tech webinar, experts discuss questions surrounding home-grown Chinese passenger jet.
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Government investment is expected to account for US$56 billion, while China’s major internet firms are projected to contribute US$24 billion.
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Hong Kong would be a launch pad for the company’s global expansion in the future, founder and chairman Liu Qingfeng said on Tuesday.
The facilities will provide computing power for the Greater Bay Area and beyond, says innovation chief Sun Dong during a tech show in Paris.
At VivaTech, the Chinese ambassador to France says Beijing is ready to collaborate with Paris to enhance scientific and technological exchanges.
Hong Kong is looking to ‘secure a leading role in global payment systems’, one analyst says, as law comes ahead of a similar US stablecoin bill.
The Chinese tech giant has made substantial investments in AI and cloud computing following a sweeping restructuring initiative.
Local start-ups from HKSTP and Cyberport will appear at the Hong Kong Tech Pavilion at VivaTech from June 11 to 14.
The stablecoin ordinance passed in May takes effect on August 1, requiring issuers to be licensed by the Hong Kong Monetary Authority.
‘Stablecoins have the potential to shorten the time for cross-border payment from days to minutes,’ Jingdong Coinlink’s Teddy Liu says.
Insilico Medicine said results of a clinical trial in China showed positive results in treating idiopathic pulmonary fibrosis.