https://www-scmp-com.libproxy1.nus.edu.sg/rss/33091/feed Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Wang Huiyao Wang Huiyao In New York last month, US-China talks on artificial intelligence opened up a path of cooperation. This was affirmed by the Xi-Trump summit in Washington where both presidents agreed to establish a formal AI dialogue and hotline. With the next AI meeting set to happen in November, it is imperative that both countries further cooperation. The AI ecosystem is in flux. American tech companies are draining their coffers as they commit vast sums to chips, data centres and energy before the revenue... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3370909/us-china-ai-talks-must-ensure-safety-both-tech-and-business https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3370909/us-china-ai-talks-must-ensure-safety-both-tech-and-business Mon, 19 Oct 2026 21:30:05 +0000 Chong Ming Lee,Mandy Zuo Chong Ming Lee,Mandy Zuo When artificial intelligence agents first arrived, they came with a tantalising promise: autonomous “digital workers” that would finally free humans from corporate drudgery. As businesses across Asia are discovering, however, the reality is quite the opposite – more work, new friction and a whole new layer of management. When Xiao Mengjie, an AI product marketing manager at a Big Tech firm in Shanghai, recently assigned two AI agents what she described as a simple task, she expected efficiency.... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371246/ai-promise-was-automation-reality-managing-digital-workers https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371246/ai-promise-was-automation-reality-managing-digital-workers Sun, 18 Oct 2026 14:00:08 +0000 Alice Li Alice Li When Grace Andrews, a US content creator, packed for her trip to China, she brought along a completely empty suitcase, dedicated solely to her shopping list. By the time she headed home, that extra luggage was bursting at the seams. In a video posted to social media earlier this month that received thousands of likes, Andrews unpacked a haul that spanned the spectrum of Chinese retail: delicate antique ceramics nestled next to trendy designer blind boxes, alongside a slew of clothing, shoes and... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371258/china-haul-why-foreign-tourists-are-shopping-storm-after-beijing-policy-changes https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371258/china-haul-why-foreign-tourists-are-shopping-storm-after-beijing-policy-changes Sun, 18 Oct 2026 05:00:09 +0000 Alex Lo Alex Lo Americans are souring on artificial intelligence, so Washington is trying to convince them the old-fashioned way: by citing, ad nauseam, the China threat. US President Donald Trump, flanked by tech executives at the White House late last month, warned voters that if they rejected data centres, companies would “be forced to go overseas”. He added that “whoever wins superintelligence wins” and that “you’re probably not gonna have a second place”. The implication was that detractors would be... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3370992/us-tech-bros-are-coming-asia-and-latin-americas-power-grids https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3370992/us-tech-bros-are-coming-asia-and-latin-americas-power-grids Fri, 16 Oct 2026 08:30:06 +0000 Vincent Chow Vincent Chow A 17-year-old artificial intelligence researcher formerly with Moonshot AI has announced his departure for the United States, sparking intense speculation about his next move amid heated competition for elite talent between Silicon Valley and China’s tech hubs. Nathan Chen Guangyu wrote on social media on Thursday that he had left the Beijing-based start-up after less than a year, describing his time there as “the best [year] of my life so far”. The announcement caught many industry observers by... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371117/who-nathan-chen-chinese-teen-ai-prodigy-being-courted-silicon-valley https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371117/who-nathan-chen-chinese-teen-ai-prodigy-being-courted-silicon-valley Fri, 16 Oct 2026 06:30:13 +0000 Vincent Chow,Chong Ming Lee Vincent Chow,Chong Ming Lee A fleet of artificial intelligence agents operating on a Tencent Holdings cloud platform made thousands of attempts to circumvent security protections on Alibaba Group Holding’s mapping service, according to findings by third-party researchers. It is one of the first reported “rogue” AI events involving Chinese companies, following a string of recent high-profile incidents in the US, including from OpenAI and Anthropic, highlighting the risks of increasingly autonomous AI systems. Agents running... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371007/ai-agents-tencent-cloud-try-break-alibabas-amap-researchers https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371007/ai-agents-tencent-cloud-try-break-alibabas-amap-researchers Fri, 16 Oct 2026 01:00:06 +0000 Ann Cao Ann Cao Chinese AI chipmaker Iluvatar CoreX debuted its first supernode system, a computing system that squeezes 144 graphics processing units (GPUs) into a single cabinet, breaking an industrial record. The new product, dubbed the Tiangai 300 IXL144, was unveiled on Monday at the 2026 China International Industry Fair (CIIF) in Shanghai. Designed for large-scale AI model training and inference, the system packs 144 GPUs and 18 central processing units (CPUs) into a single cabinet and boasts around 10.1... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3370711/chinas-iluvatar-corexs-first-ai-computing-supernode-squeezes-most-gpus-1-system https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3370711/chinas-iluvatar-corexs-first-ai-computing-supernode-squeezes-most-gpus-1-system Tue, 13 Oct 2026 09:00:04 +0000 Zhang Shidong Zhang Shidong Mainland Chinese investors bought more Hong Kong stocks than they sold for a fourth consecutive month in September, with purchases accelerating despite persistent headwinds from elevated US Treasury yields and oil prices. Onshore traders poured a net HK$60.8 billion (US$7.7 billion) into Hong Kong’s stocks via the Stock Connect programme last month, up from HK$10.4 billion in August, according to financial data provider Wind. Net buying reached HK$134.1 billion in the third quarter. Mainland... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370564/mainland-chinese-traders-boost-hong-kong-stock-buying-4th-month-ai-bets-surge https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370564/mainland-chinese-traders-boost-hong-kong-stock-buying-4th-month-ai-bets-surge Tue, 13 Oct 2026 02:00:13 +0000 Chong Ming Lee,Minxiao Chang Chong Ming Lee,Minxiao Chang Meta Platforms’ breakout Muse personal AI agent is shining a spotlight on a new battleground in artificial intelligence – one in which China’s biggest internet companies are already jostling for position. Launched on September 8, Muse surpassed 2.5 million downloads in its first two weeks and topped free-app rankings on Apple and Google’s US app stores. Its popularity has drawn fresh attention to the emerging market for what are known as agent harnesses. Unlike chatbots, which merely respond to... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370123/can-china-match-metas-muse-race-harness-ai-agents https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370123/can-china-match-metas-muse-race-harness-ai-agents Thu, 08 Oct 2026 14:00:08 +0000 Themis Qi Themis Qi Hong Kong’s stock index compiler will add 10 fast-growing companies with at least HK$500 million (US$64 million) in annual sales into the city’s technology-focused benchmark in a bid to revitalise an index that has missed out on artificial intelligence-driven gains. The threshold is among a set of new measures Hang Seng Indexes Company will use to reform the Hang Seng Tech Index, which is referred to as Hong Kong’s answer to the Nasdaq but has lost its shine relative to global peers, falling 23... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370073/hong-kong-tech-index-harness-fast-growth-companies-bid-better-performance https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370073/hong-kong-tech-index-harness-fast-growth-companies-bid-better-performance Wed, 07 Oct 2026 11:34:47 +0000 Chong Ming Lee Chong Ming Lee On September 22, the global artificial intelligence landscape spun on its axis within a matter of hours. In Beijing, Xiaomi engineers went live with an unusual broadcast, streaming the training run of their new MiMo-V2.6 model. In San Francisco, Anthropic unveiled its frontier Opus 5.5 model. About an hour later, OpenAI crashed the party with the surprise release of its GPT-6 Sol and Luna models. For tech executives and developers trying to keep pace, it was just another overwhelming day in the... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369757/chinas-ai-race-accelerates-model-fatigue-becomes-next-challenge https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369757/chinas-ai-race-accelerates-model-fatigue-becomes-next-challenge Tue, 06 Oct 2026 12:00:07 +0000 Wency Chen,Howard Liu Wency Chen,Howard Liu China has set a five-year goal for the expansion of intelligent computing capacity to drive artificial intelligence (AI) that calls for a more than fourfold increase on what was in place at the end of June this year. To reach the 2030 target while being blocked by the United States from importing the most advanced Western-made AI chips will require innovation, adaptation and the application and coordination of vast resources. Judging by the 177 per cent increase in capacity achieved in the year... https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/policy/article/3369537/chinas-ai-compute-ambitions-demand-innovation https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/policy/article/3369537/chinas-ai-compute-ambitions-demand-innovation Fri, 02 Oct 2026 07:05:21 +0000 Chong Ming Lee Chong Ming Lee Hong Kong businesses are lagging behind their mainland Chinese peers in adopting artificial intelligence, as entrenched legacy systems and a risk-averse corporate mindset slow the city’s digital transition, according to a senior executive at consultancy Accenture. Only 10 per cent of Hong Kong firms surveyed by Accenture had integrated generative AI across multiple business functions, compared with about 21 per cent of mainland enterprises, said Robert Hah, Hong Kong office lead at Accenture... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3369205/hong-kong-firms-lag-mainland-china-ai-adoption-amid-legacy-system-burden-accenture https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3369205/hong-kong-firms-lag-mainland-china-ai-adoption-amid-legacy-system-burden-accenture Tue, 29 Sep 2026 12:00:10 +0000 Howard Liu Howard Liu ByteDance accounts for roughly one-fifth of China’s delivered data centre capacity, making the TikTok owner the country’s largest tenant and a main driver of its artificial intelligence buildout, according to new estimates by research firm SemiAnalysis. The estimate comes from the firm’s tracking of more than 1,000 facilities in China operated by over 60 companies. ByteDance rents nearly all of its data centre footprint, SemiAnalysis said. Its AI products include Doubao, an assistant that... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369056/bytedance-grabs-one-fifth-chinas-data-centre-capacity-ai-drives-infrastructure-boom https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369056/bytedance-grabs-one-fifth-chinas-data-centre-capacity-ai-drives-infrastructure-boom Mon, 28 Sep 2026 09:00:41 +0000 Ann Cao Ann Cao US contract chipmaker GlobalFoundries sees robust demand for Chinese optical modules amid the data centre construction boom, as the firm expands its presence in China to better serve its domestic clients. Shankaran Janardhanan, senior vice-president of the firm’s photonics and radio frequency division, told the South China Morning Post in an interview that demand in the optical networking module segment was “strong”. The surging appetite for Chinese optical modules – used to transmit data in... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368817/globalfoundries-sees-strong-demand-chinese-optical-modules-amid-data-centre-boom https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368817/globalfoundries-sees-strong-demand-chinese-optical-modules-amid-data-centre-boom Sun, 27 Sep 2026 12:00:05 +0000 Alyssa Chen Alyssa Chen When Donald Trump arrives in Shenzhen for the November Apec summit, he will face a Chinese leader even more confident than the one who left Washington this week after a state visit heavy on pageantry but light on concrete deliverables. Experts attributed this confidence to three key factors – a newly upgraded bilateral framework seeking a “constructive relationship of strategic stability based on respect, fairness and reciprocity”, the warmer tone during Xi’s three-day visit, and – crucially –... https://www-scmp-com.libproxy1.nus.edu.sg/news/china/diplomacy/article/3368914/3-top-reasons-trump-will-face-stronger-xi-jinping-november-apec-forum-china https://www-scmp-com.libproxy1.nus.edu.sg/news/china/diplomacy/article/3368914/3-top-reasons-trump-will-face-stronger-xi-jinping-november-apec-forum-china Sat, 26 Sep 2026 15:00:08 +0000 Alice Li Alice Li After three weeks of travelling across China, Bojan Tomic and his wife found that one of the biggest conveniences of the trip was being able to pay for daily expenses almost entirely via smartphone. The Croatian couple’s journey spanned the cities of Beijing, Xian, Chengdu and finally Shenzhen. Visiting China for the first time, they quickly adapted to the country’s dominant mobile payment ecosystem, using Alipay and WeChat Pay, two of China’s largest payment platforms, for most of their... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368810/how-chinas-mobile-payment-overhaul-helps-foreigners-spend-money-ahead-apec-meeting https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368810/how-chinas-mobile-payment-overhaul-helps-foreigners-spend-money-ahead-apec-meeting Sat, 26 Sep 2026 02:00:10 +0000 Iris Deng Iris Deng Tencent Holdings on Thursday launched TenPayGo, a mobile payment app targeting foreign visitors, as the tech giant seeks to capture China’s growing inbound tourism market ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen. Developed by Tencent’s WeChat Pay team, TenPayGo allowed international travellers to make payments at tens of millions of shops, restaurants and attractions across the WeChat Pay network by linking their credit cards or their home-country digital wallets... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit Thu, 24 Sep 2026 05:19:05 +0000 Nayan Seth,Ji Siqi Nayan Seth,Ji Siqi Differences between Washington and Beijing over potential investment announcements have created roadblocks for a Chinese business delegation expected to accompany President Xi Jinping on his state visit to the US, according to sources. The window for travel is narrowing by the hour for these Chinese business leaders. Xi left China on Wednesday afternoon Beijing time for his first state visit to the US in more than a decade. He is accompanied by first lady Peng Liyuan, chief of staff Cai Qi, and... https://www-scmp-com.libproxy1.nus.edu.sg/news/china/diplomacy/article/3368444/fissures-over-us-investments-stall-plans-chinese-business-leaders-join-xi-visit https://www-scmp-com.libproxy1.nus.edu.sg/news/china/diplomacy/article/3368444/fissures-over-us-investments-stall-plans-chinese-business-leaders-join-xi-visit Wed, 23 Sep 2026 01:40:13 +0000 Rick Boost Rick Boost The start and end points of the Silk Road at its historical peak are crucial to its significance. Land routes wound for thousands of miles from China over mountains and deserts, concluding in the Middle East, connecting the age’s two world leaders in scientific and economic power: the Tang dynasty and the Abbasid Caliphate. While systems of trade have radically changed in the centuries since, the modern iteration of this link, the Belt and Road Initiative (BRI), has firmly established a new... https://www-scmp-com.libproxy1.nus.edu.sg/special-reports/article/3367524/digital-silk-road-hong-kong-acts-financial-bridge-between-china-and-mena https://www-scmp-com.libproxy1.nus.edu.sg/special-reports/article/3367524/digital-silk-road-hong-kong-acts-financial-bridge-between-china-and-mena Wed, 16 Sep 2026 00:00:09 +0000 Minxiao Chang Minxiao Chang China is surging ahead of the US in consumer AI adoption as technology giants like Tencent Holdings and Alibaba Group Holding embed artificial intelligence directly into popular everyday apps, even as American models lead in capability, according to Morgan Stanley. A survey conducted by the bank and published in a report on Monday showed that 80 per cent of Chinese respondents used AI for personal purposes at least weekly, compared with 54 per cent in the US. China’s generative AI user base grew... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367601/china-beating-us-consumer-ai-adoption-thanks-super-apps-morgan-stanley https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367601/china-beating-us-consumer-ai-adoption-thanks-super-apps-morgan-stanley Tue, 15 Sep 2026 11:00:12 +0000 Minxiao Chang Minxiao Chang When generative artificial intelligence first swept through China’s technology sector, workers faced a clear directive from management: use AI and use it often. Consuming vast numbers of AI tokens – the basic unit of computing power needed to process text or write code – became a badge of honour, with companies often viewing a high token count as a sign that employees were productive and taking initiative. But those computing allowances are now being sharply rolled back as China’s leading... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367593/forget-ai-kpis-how-chinas-tech-giants-are-rationing-tokens-employees https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367593/forget-ai-kpis-how-chinas-tech-giants-are-rationing-tokens-employees Tue, 15 Sep 2026 09:30:05 +0000 Howard Liu,Minxiao Chang,Ann Cao Howard Liu,Minxiao Chang,Ann Cao The US Federal Communications Commission (FCC) has published its final decision on updates to its equipment authorisation rules, easing market anxiety over potential bans on Chinese optical transceivers. The rule, adopted in July and finalised on Friday, tightens authorisation requirements for devices containing certain hardware components made by entities on the Covered List – a US blacklist of foreign technology equipment and service providers deemed to pose an unacceptable risk to national... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367219/chinese-optical-transceiver-makers-dodge-us-ban-now-fcc-updates-rules https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3367219/chinese-optical-transceiver-makers-dodge-us-ban-now-fcc-updates-rules Fri, 11 Sep 2026 11:30:09 +0000 Ann Cao Ann Cao Enflame Technology, one of the major challengers to Nvidia in China, saw its share price surge 179 per cent in its Shanghai trading debut on Friday, giving the Tencent Holdings-backed artificial intelligence chipmaker a market capitalisation of 170.9 billion yuan (US$25.5 billion). The Shanghai-based company opened at 410 yuan, up from its issue price of 142.18 yuan. It surged as much as 234 per cent to 475 yuan during the day, before closing at 397 yuan. The performance reflects continued... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3367124/enflame-shares-soar-188-shanghai-debut-nvidia-challenger-taps-investor-fever-ai https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3367124/enflame-shares-soar-188-shanghai-debut-nvidia-challenger-taps-investor-fever-ai Fri, 11 Sep 2026 01:45:56 +0000 Ann Cao Ann Cao Alibaba Group Holding is giving users the ability to put artificial intelligence-powered “digital employees” to work within rival office platforms, opening a new competitive front against ByteDance and Tencent Holdings in enterprise AI. The latest version of the QoderWake tool, launched by Alibaba Cloud on Tuesday, allowed users to generate fully functioning workers using a single-line description of the required role, the company said. These digital workers could then be put to work within any... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366919/alibaba-sends-ai-digital-employees-work-rival-apps-bytedance-tencent https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366919/alibaba-sends-ai-digital-employees-work-rival-apps-bytedance-tencent Wed, 09 Sep 2026 10:30:06 +0000 Xinmei Shen Xinmei Shen US cybersecurity researchers have demonstrated how artificial intelligence could help hijack WeChat accounts via unanswered voice calls, intensifying concerns about AI-driven cyber threats and prompting renewed calls for bilateral cooperation between the United States and China. US security firm Calif said on Tuesday that its AI system identified a critical flaw in Tencent Holdings’ widely used messaging and payments app in July. In just a little over a week, researchers developed WeWorm – an... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366898/us-firm-used-ai-hijack-wechat-account-spurring-call-cyber-cooperation-china https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366898/us-firm-used-ai-hijack-wechat-account-spurring-call-cyber-cooperation-china Wed, 09 Sep 2026 08:01:12 +0000 Coco Feng Coco Feng As China’s southern tech hub Shenzhen gears up to host November’s Asia-Pacific Economic Cooperation (Apec) summit, its province, Guangdong, is making sure its technological prowess is also receiving global attention. At Saturday’s Asia-Pacific Media Forum, a major media gathering before the summit, a hall was packed with hi-tech products from the province, including a BYD car, DJI drones and Tencent Holdings’ artificial intelligence products, as well as smartphones from Honor and Vivo. Before... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366713/byd-cars-dji-drones-guangdong-showcases-tech-prowess-ahead-apec-summit https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366713/byd-cars-dji-drones-guangdong-showcases-tech-prowess-ahead-apec-summit Tue, 08 Sep 2026 05:00:14 +0000 Iris Deng Iris Deng Tencent Holdings’ pivot from a core shareholder to a major creditor in Bilibili offers a clear window into how China’s Big Tech players are rebalancing portfolio risk while funding expensive artificial intelligence initiatives. The shift, executed through Bilibili’s proposed US$700 million convertible bond package announced on Friday, allows Tencent to lock in capital flexibility without severing ties with one of China’s largest online video platforms, according to analysts. Here is a look at... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366657/why-tencent-swapping-bilibili-equity-debt-and-what-ai-has-do-it https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366657/why-tencent-swapping-bilibili-equity-debt-and-what-ai-has-do-it Mon, 07 Sep 2026 11:30:06 +0000 Minxiao Chang,Xinmei Shen Minxiao Chang,Xinmei Shen When two of China’s leading AI pioneers went public in Hong Kong in January, they pitched investors on a shared promise: capturing the explosive demand for artificial intelligence at home and abroad. Their first-half earnings, however, suggest that narrative could be splintering into two different trajectories. While Beijing-based Z.ai, also known as Zhipu AI, is winning over market analysts on the back of surging revenue and top-tier model performance, its Shanghai rival MiniMax is facing... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3366253/are-zai-and-minimax-heading-down-opposite-financial-paths-months-after-hong-kong-ipos https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3366253/are-zai-and-minimax-heading-down-opposite-financial-paths-months-after-hong-kong-ipos Thu, 03 Sep 2026 10:38:59 +0000 Ben Jiang Ben Jiang TikTok parent ByteDance is seeking to expand its computing capacity by building out more data centres in north China’s Inner Mongolia autonomous region in the next two years, according to a person familiar with the matter, another example of a Chinese tech giant stepping up its investments in artificial intelligence infrastructure. The company had been in preliminary talks with local data centre vendors to add between five and six gigawatts’ worth of compute in the city of Ulanqab, the person... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366220/bytedance-expand-massive-ai-data-centre-cluster-inner-mongolia-source-says https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366220/bytedance-expand-massive-ai-data-centre-cluster-inner-mongolia-source-says Thu, 03 Sep 2026 08:12:31 +0000 Ann Cao Ann Cao Enflame Technology, one of China’s leading AI chipmakers, has sparked a retail frenzy for its 6.12 billion yuan (US$910.9 million) initial public offering in Shanghai’s tech-heavy Star Market, underscoring growing investor appetite for home-grown alternatives to Nvidia. The Tencent Holdings-backed chipmaker saw the retail portion of its IPO oversubscribed by 4,073 times, with about 7 million online investors alone submitting orders for 42.1 billion shares, according to its filing to the exchange... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366203/chinese-chipmaker-enflame-4073-times-oversubscribed-shanghai-ipo-amid-nvidia-race https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366203/chinese-chipmaker-enflame-4073-times-oversubscribed-shanghai-ipo-amid-nvidia-race Thu, 03 Sep 2026 06:17:41 +0000 Zhang Shidong Zhang Shidong Chinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the world’s most cutting-edge technology. AI model developer MiniMax Group logged net buying of HK$10.1 billion (US$1.29 billion) last month, the most among the Hong Kong-listed companies available for China’s onshore investors through southbound trading within the cross-border Stock Connect... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366174/mainland-chinese-investors-buy-hong-kong-tech-stocks-ai-pivot-sell-financials https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366174/mainland-chinese-investors-buy-hong-kong-tech-stocks-ai-pivot-sell-financials Thu, 03 Sep 2026 03:20:10 +0000 Ben Jiang Ben Jiang China is cracking down on artificial intelligence-generated “slop” – low-grade, mass-produced synthetic content cluttering social media and news feeds – as part of a sweeping campaign against the abuse of the generative technology, the country’s top internet watchdog said on Wednesday. In a statement posted to its website, the Cyberspace Administration of China (CAC) said it had scrubbed more than 5.61 million pieces of harmful or illegal content and removed some 49,000 accounts during its... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366096/china-cracks-down-ai-deepfakes-and-clickbait-cluttering-wechat-rednote-douyin https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3366096/china-cracks-down-ai-deepfakes-and-clickbait-cluttering-wechat-rednote-douyin Wed, 02 Sep 2026 09:15:21 +0000 Chong Ming Lee Chong Ming Lee Tencent Holdings’ use of its vast product ecosystem to train its new Hy4 preview model gives it an edge in developing AI agents and brings its flagship model suite back into the top tier of open-source offerings, according to analysts. The Chinese tech giant’s “differentiated product-plus-model strategy”, where preview models were first deployed across Tencent’s suite of products, enabled it to collect user data before feeding the information back into subsequent rounds of training, Goldman... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366068/tencents-hy4-model-gains-open-source-ai-rankings-after-ecosystem-driven-training https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366068/tencents-hy4-model-gains-open-source-ai-rankings-after-ecosystem-driven-training Wed, 02 Sep 2026 05:57:58 +0000 Julie Zhang Julie Zhang China’s health regulators have granted approvals for a string of brain-technology products this year, as domestic start-ups push to transform the treatment of conditions ranging from paraplegia to Alzheimer’s and depression. The approvals come as Beijing bids to lead the world in brain-computer interfaces – devices that allow patients to control digital devices using thought alone – offering generous policy support to help Chinese firms compete with overseas players such as Elon Musk’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3366040/china-approves-string-telepathy-devices-amid-push-leapfrog-elon-musk https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3366040/china-approves-string-telepathy-devices-amid-push-leapfrog-elon-musk Wed, 02 Sep 2026 02:00:12 +0000 Iris Deng Iris Deng Internet platforms with vast data and large user bases will capture a larger share of artificial intelligence profits in two to three years, even though macro headwinds have temporarily fuelled investor caution over aggressive AI spending by Chinese tech giants, UBS analysts said. Investors have been cautious over a weak macro environment in the second half of the year, and greater AI spending for hardware and infrastructure would drag down short-term profits, but the industry’s power balance... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366018/chinese-internet-giants-set-reap-artificial-intelligence-profits-2-3-years-ubs https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366018/chinese-internet-giants-set-reap-artificial-intelligence-profits-2-3-years-ubs Wed, 02 Sep 2026 01:30:10 +0000 Ann Cao Ann Cao As Enflame Technology gears up for a 6.12 billion yuan (US$910.3 million) initial public offering on Shanghai’s Star Market, the Chinese artificial intelligence chipmaker must convince investors that its specialised chip strategy can withstand fierce competition from Huawei Technologies and other domestic rivals, while reducing its heavy revenue dependence on major backer Tencent Holdings. Online and offline subscriptions open on Wednesday, after the Shanghai-based start-up announced on Monday... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366025/enflames-us900m-ipo-tests-appetite-chinas-little-dragon-ai-chipmakers https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3366025/enflames-us900m-ipo-tests-appetite-chinas-little-dragon-ai-chipmakers Wed, 02 Sep 2026 00:30:05 +0000 Chong Ming Lee Chong Ming Lee The Chinese-founded artificial intelligence start-up Manus announced on Tuesday that it had formally resumed independent operations, more than four months after Beijing blocked its US$2 billion acquisition by Meta Platforms. The company’s founding team would continue to lead Manus as an “independent agent lab”, the firm said in a blog post on its website, as it sought to move on from a months-long saga that has sent ripples through the Chinese and global technology sectors. The announcement came... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365986/manus-resumes-solo-operations-after-collapse-us2-billion-meta-deal https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365986/manus-resumes-solo-operations-after-collapse-us2-billion-meta-deal Tue, 01 Sep 2026 10:30:06 +0000 Minxiao Chang Minxiao Chang Drinks, music, vibes … what else can a bar offer to attract customers? One in China’s capital, Beijing, is betting on unlimited access to artificial intelligence models. The AGI Bar in the Zhongguancun tech hub, known as China’s Silicon Valley, was packed with laptop-using customers on a recent night. One of the first things many did after ordering a drink was to connect to the in-house Wi-fi and configure an AI agent to access the free tokens the bar provides. Manager Yang Yuan said the bar,... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3365740/not-token-effort-beer-meets-artificial-intelligence-bar-chinas-capital https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3365740/not-token-effort-beer-meets-artificial-intelligence-bar-chinas-capital Sun, 30 Aug 2026 08:00:09 +0000 Ambrose Li Ambrose Li Free courses coordinated by the Hong Kong government will leverage the expertise of tech giants such as Google and Microsoft to help boost the adoption of AI by businesses for content creation, data analysis and workflow efficiency. The Hong Kong Productivity Council on Thursday announced the launch of the programme targeting industries such as education, healthcare, manufacturing, retail and logistics as part of the government’s HK$50 million (US$6.38 million) “AI for All”... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3365474/hong-kong-launch-free-ai-courses-tech-giants-google-microsoft-smes https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3365474/hong-kong-launch-free-ai-courses-tech-giants-google-microsoft-smes Thu, 27 Aug 2026 10:36:49 +0000 Ben Jiang,Wency Chen Ben Jiang,Wency Chen DeepSeek is nearing the completion of a new funding round valuing the company at about 500 billion yuan (US$74 billion) before investment, as the Chinese artificial intelligence start-up moves closer to a potential listing on Shanghai’s Star Market, according to people familiar with the matter. The company was seeking to raise about 50 billion yuan in the round, which was expected to close before the end of August, according to one person. Investors included incumbents from the company’s last... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365280/deepseek-nears-pre-ipo-funding-round-2027-market-debut-takes-shape-sources https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365280/deepseek-nears-pre-ipo-funding-round-2027-market-debut-takes-shape-sources Wed, 26 Aug 2026 05:01:09 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Xpeng has secured US$900 million in funding from high-profile investors including Alibaba Group Holding and IDG Capital to spur its robotics unit, despite a widening second-quarter loss. Dogotix, a subsidiary of Xpeng, raised US$900 million in the latest round of financing, which valued it at US$6.3 billion, Xpeng said in a statement on Monday, adding that the fundraising marked the biggest single private-equity deal involving a Chinese robotics maker. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365096/ev-maker-xpeng-set-challenge-tesla-embodied-ai-after-robotics-unit-raises-us900m https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365096/ev-maker-xpeng-set-challenge-tesla-embodied-ai-after-robotics-unit-raises-us900m Mon, 24 Aug 2026 13:29:25 +0000 Xiaofei Xu Xiaofei Xu China’s AG.AL has been crowned this year’s Esports World Cup (EWC) club champion in Paris on Sunday – a first for a Chinese team – earning US$7 million in prize money after winning or placing in multiple competitions across the 25-tournament series. French President Emmanuel Macron presented the trophy to the team at Grand Palais at the heart of the French capital. Saudi Arabia’s Team Falcons came in second, while French team Vitality rounded out the top three after more than one month of... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3365043/chinas-esports-world-cup-win-showcase-markets-growth-potential https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3365043/chinas-esports-world-cup-win-showcase-markets-growth-potential Mon, 24 Aug 2026 10:00:14 +0000 Zoe SL Chan Zoe SL Chan Fast-fashion retailer Shein Global Holdings is seeking to raise as much as HK$13.85 billion (US$1.76 billion) in a Hong Kong initial public offering that was initially planned four years ago. Shein will sell 279 million shares at HK$47.60 to HK$49.50 each, according to a filing to the city’s stock exchange on Monday. The company began taking investor orders on Monday, with trading expected to start on September 1. Cornerstone investors – who will get guaranteed allocations in exchange for... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365001/shein-seeks-raise-us176-billion-hong-kong-initial-public-offering https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365001/shein-seeks-raise-us176-billion-hong-kong-initial-public-offering Mon, 24 Aug 2026 01:24:52 +0000 Ann Cao Ann Cao In the high-stakes battle for China’s top talent, domestic tech companies – especially in semiconductors and artificial intelligence – are rolling out aggressive equity incentive plans as they capitalise on a bull market to retain key personnel. Recent corporate filings revealed an unprecedented wave of stock grants, ranging from zero-cost share awards to near-blanket workforce coverage, all aimed at locking in critical talent amid fierce domestic headhunting and the intensifying US-China tech... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364689/pay-perks-equity-chinas-ai-chip-firms-lead-way-offering-rewards-lock-talent https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364689/pay-perks-equity-chinas-ai-chip-firms-lead-way-offering-rewards-lock-talent Sat, 22 Aug 2026 07:00:06 +0000 Zhang Shidong,Cheryl Arcibal Zhang Shidong,Cheryl Arcibal Two new companies will be soon be added to the Hang Seng Index (HSI), increasing the constituents of Hong Kong’s bellwether stock index from 93 to 95, according to a statement from the Hang Seng Indexes Company released on Friday. The new entrants are Hua Hong Grace Semiconductor, one of China’s top contract chipmakers, and truck and engine maker Weichai Power. The change would take effect on September 7, the statement said. The addition of Hua Hong Grace will further increase the information... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3364752/hong-kongs-stock-benchmark-may-see-more-tech-additions-review-result-looms https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3364752/hong-kongs-stock-benchmark-may-see-more-tech-additions-review-result-looms Fri, 21 Aug 2026 02:59:26 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao Supernodes were everywhere at last month’s World Artificial Intelligence Conference (WAIC) in Shanghai. Assemblies of dozens or hundreds of computer chips and associated hardware, supernodes are China’s way around the United States’ ban on the export of the most advanced artificial intelligence (AI) chips. Using greater quantities of domestic chips to deliver world-class computing power, they allow China to dodge the chokehold the US is trying to place on its AI aspirations. At this year’s WAIC,... https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/big-tech/article/3364660/chinas-supernodes-go-mainstream-ai-model-sizes-grow https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/big-tech/article/3364660/chinas-supernodes-go-mainstream-ai-model-sizes-grow Thu, 20 Aug 2026 06:54:50 +0000 Wency Chen Wency Chen Shares of Unitree Robotics surged 629 per cent above their initial public offering price to open at 1,100 yuan in their Shanghai trading debut on Wednesday, giving China’s best-known humanoid robot maker a market capitalisation of about 445 billion yuan (US$66 billion). The opening pop from its IPO price of 150.80 yuan gave way to a pullback later in the session, with the stock closing at 845 yuan. That still represented a 460 per cent gain on day one, leaving the company with a market valuation... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3364499/unitree-robotics-surges-629-us66-billion-valuation-shanghai-share-debut https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3364499/unitree-robotics-surges-629-us66-billion-valuation-shanghai-share-debut Wed, 19 Aug 2026 01:57:38 +0000 Ben Jiang Ben Jiang Chinese tech giant Baidu on Tuesday posted a 4 per cent year-on-year decline in second-quarter revenue, as continued weakness in advertising outweighed growth in its artificial intelligence cloud operations, highlighting intensifying competition in China’s tech sector. Revenue for the three months ended June reached 31.3 billion yuan (US$4.62 billion), slightly missing the 31.6 billion yuan consensus estimate from analysts polled by Bloomberg. Net profit for the quarter was 2.3 billion... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364436/baidu-quarterly-revenue-drops-4-ai-cloud-surge-fails-offset-advertising-slump https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364436/baidu-quarterly-revenue-drops-4-ai-cloud-surge-fails-offset-advertising-slump Tue, 18 Aug 2026 09:45:49 +0000 Howard Liu,Ann Cao Howard Liu,Ann Cao Shares of ChangXin Memory Technologies (CXMT), China’s leading DRAM maker, jumped 12 per cent on Monday to close at a record 61.80 yuan (US$9.16), lifting its market capitalisation to 4.13 trillion yuan and extending its lead as China’s most valuable listed company. The Hefei-based chipmaker first overtook Hong Kong-listed Tencent Holdings on Thursday as China’s most valuable listed company, when CXMT’s market value reached about 3.54 trillion yuan. It had already become the most valuable... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3364288/cxmt-tops-4-trillion-yuan-ai-fuelled-memory-rally-lifts-chinas-chip-champion https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3364288/cxmt-tops-4-trillion-yuan-ai-fuelled-memory-rally-lifts-chinas-chip-champion Mon, 17 Aug 2026 09:00:17 +0000