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Banking & finance
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Farmers harvest cabbages in Tangshan, north China’s Hebei Province, November 6, 2024. Photo: Xinhua
Artificial intelligence

A DeepSeek moment is playing out in rural China as peasants seek AI advice

Rural residents, who account for a third of China’s 1.4 billion population, are eager to apply AI services.

Smartphones

Google’s Android transparency shift unnerves Chinese developers

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Banking & finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

TikTok

TikTok Shop to expand to Germany, France, Italy next week amid uncertainty in US

The move marks a major expansion of the short-video app’s e-commerce operations in Europe as it faces a looming ban in its largest market.

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TikTok Shop is expanding in Europe amid legal uncertainty and disappointing performance in the US. Photo: AFP
TikTok Shop is expanding in Europe amid legal uncertainty and disappointing performance in the US. Photo: AFP
China property

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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US-China tech war

Beijing AI research lab says inclusion on US export control list a ‘mistake’

The updated BIS list includes more than 50 new Chinese entities, including six units of cloud computing provider Inspur Group.

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Artificial intelligence

Alibaba chairman Joe Tsai questions AI’s limits, casts doubt on humanoid robots

Speaking at Alibaba’s Jumpstarter event, the entrepreneur said much of what humans value is not captured in training data.

Alibaba chairman Joe Tsai speaks at the grand finale of the company’s Jumpstarter 2025 event on March 26. Photo: Handout
Alibaba chairman Joe Tsai speaks at the grand finale of the company’s Jumpstarter 2025 event on March 26. Photo: Handout
Semiconductors

‘Coming out’: Huawei-related chip tool maker makes splash at Semicon China

In the first public display of SiCarrier’s latest chipmaking equipment, the company’s booth drew throngs of visitors eager for more information.

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Alibaba

Alibaba, Ant partner with home province to boost China’s AI drive

The two tech giants have become key partners in empowering government agencies with AI capabilities.

Tencent

Tencent adds AI chatbot friend to WeChat to keep users glued to app

WeChat users can now add Yuanbao as a ‘friend’ and interact with the chatbot without downloading a separate app.

WeChat has added the Yuanbao AI chatbot to its messaging feature. Photo: Shutterstock
Hong Kong stock market

‘China is back’ as Goldman, Morgan Stanley whet global appetite for equities

Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.

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People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
Apple

Apple CEO meets top Chinese officials in charm offensive but offers no AI update

Cook was among 80 company executives who attended the China Development Forum, an annual event to facilitate dialogue with global investors.

China's population

Can birth subsidies save China from its looming population crisis?

China is betting big on birth subsidies to stave off a demographic crisis. But do cash payments really work?

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Artificial intelligence

Ant Group’s use of local GPUs, not Nvidia, cuts AI model training costs by 20%

The fintech affiliate of Alibaba said its Ling-Plus-Base model can be ‘effectively trained on lower-performance devices’.

Ant Group’s latest research into AI development places it among domestic firms such as DeepSeek and ByteDance in the search for more efficient ways to train and run models. Photo: Shutterstock
China’s economic stimulus

Open Questions | Michael Pettis on China’s consumption paradox and the pitfalls of a trade war

The professor of finance and author talks China’s economy and argues the US dollar’s monopoly role in trade is an ‘unsustainable’ anomaly.

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Illustration: Victor Sanjinez
Illustration: Victor Sanjinez
Artificial intelligence

Exclusive | Why Lee Kai-fu is betting his AI start-up’s future on DeepSeek

In an interview with the Post, Lee discusses China’s ‘ChatGPT moment’ and 01.AI’s transition from a model developer to a solutions provider.

Cybersecurity

Baidu doxxing: firm stresses user privacy after executive’s kid leaks data

The cloud storage provider has sought to restore public trust after a public outcry from a doxxing incident involving the child of a vice-president.

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Semiconductors

Huawei-related chip equipment maker to debut products at Shanghai trade show

SiCarrier, a chip tool maker backed by the Shenzhen government, will launch new products at the three-day Semicon China exhibition.

This photo taken on March 22, 2024 shows products from Maxone displayed at Semicon China in Shanghai. Photo: AFP
This photo taken on March 22, 2024 shows products from Maxone displayed at Semicon China in Shanghai. Photo: AFP
Hong Kong property

2 of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

Artificial intelligence

Chinese AI models led by DeepSeek catch up with US rivals at lower prices

DeepSeek’s model ranks third in performance while offering much cheaper pricing than OpenAI’s top models, according to a benchmarking firm.

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Mergers & Acquisitions

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

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The entrance of the Balboa Port in Panama. Photo: Reuters
Tencent

Tencent’s AI splurge: China’s gaming giant poised for growth amid new focus

Tencent is using both DeepSeek and its own Yuanbao models, mirroring a diversified strategy that helped it dominate video gaming.

People walking past the Tencent headquarters in Shenzhen on July 10, 2022. Photo: AFP
People walking past the Tencent headquarters in Shenzhen on July 10, 2022. Photo: AFP
Artificial intelligence

Chinese AI firms turn to Hong Kong as gateway to global markets

Executives from several companies expressed confidence in Hong Kong’s growing role in supporting China’s AI development.

Banking & finance

The custodian of a third of China’s US$3.2 trillion reserves is hiring in Hong Kong

The firm is seeking trainees for fundamental research and systematic trading, according to a posting on HKCampusRecruitment.

Artificial intelligence

China Unicom boosts computing power investment in 2025 amid AI rush

Amid a surge in AI adoption in China, the company is budgeting a 28 per cent increase in capital expenses for computing power this year.

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China Unicom is boosting its computing power investments this year. Photo: Shutterstock
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