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DeepSeek is moving to complete a pre-IPO round of financing that could value it at about US$74 billion. Photo: Shutterstock

Tech Trends

Chinese AI firm DeepSeek taps underwriters for IPO: sources

Start-up aims to begin the IPO process this year to list on Shanghai’s Nasdaq-like Star market, sources say.

Alibaba’s AI ‘employees’ can now work in ByteDance, Tencent apps

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Huawei’s new chip philosophy gets run out with debut smartphone

Banking & Finance

Hong Kong insurers forge tech alliances amid Beijing’s tightened tax rules

Among cross-sector tie-ups, Prudential partners with Alibaba Cloud, Manulife works with Ant Health and BOC Life joins hands with Deloitte.

Lawrence Lam announces Prudential’s collaboration with Alibaba Cloud on Wednesday. Photo: Jonathan Wong
Lawrence Lam announces Prudential’s collaboration with Alibaba Cloud on Wednesday. Photo: Jonathan Wong

Tech

US firm shows how AI helped hijack WeChat account with just 1 unanswered call

The flaw allowed for remote account takeovers without user interaction, prompting Tencent to patch the problem after Calif cybersecurity team flagged it.

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China Business

‘Misunderstandings’ arise: Chinese energy firms call for stable rules overseas

Sungrow, EVE Energy say bans, probes and shifting rules abroad expose the fragility of their long-term energy investments.

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Policy

China’s five-year plan for its information and communications sector

China plans to grow the revenue of the information and communications sector to 4.1 trillion yuan by 2030.

Photo: Shutterstock
Photo: Shutterstock

Big Tech

Amid China’s AI shift, JD.com bets on 3 million robots to automate logistics

The firm plans to retrain frontline workers for more technical roles, including maintenance of robots.

Tech Trends

Are Chinese AI stars Z.ai and MiniMax stuck in losses through 2030?

As both firms mature beyond early growth, an analyst says the industry is looking for a better metric for valuations.

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China Business

More Chinese developers of brain-computer interfaces move towards IPOs

Arfysica and Neuracle aim for Star Market listings amid what a Morgan Stanley analyst calls the ‘early stage of a multi-year IPO upcycle’.

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The firms join a broader trend of hi-tech firms flocking to the Shanghai Stock Exchange’s Nasdaq-style Star Market. Photo: Xinhua

Big Tech

DeepSeek seeks 150 engineers in hiring spree to overhaul back end systems

The company cited a rapid surge in user demand for AI and increased complexity of its computing systems.

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The DeepSeek logo displayed on smartphone screen. Photo: Shutterstock
The DeepSeek logo displayed on smartphone screen. Photo: Shutterstock

Policy

China targets fourfold boost in AI computing capacity by 2030 in major tech push

The nation’s intelligent computing capacity hit 2,185 eflops at the end of June, up 177 per cent from a year earlier, according to MIIT.

Tech

BYD cars, DJI drones: Guangdong flexes tech muscles ahead of Apec summit

As Shenzhen prepares to become the third Chinese city to host the Apec meeting, its province has set up media visits to tech firms.

Big Tech

Huawei tests LogicFolding chip in handset as high-stakes AI tests loom

New smartphone processor is a crucial test of the firm’s attempt to route around US-led curbs on the most advanced chipmaking technology.

Unveiled on Monday, the Kirin 9050 Pro delivers a 42 per cent performance improvement over its predecessor with better power efficiency, according to Huawei. Photo: Weibo/定焦数码

Tech Trends

China’s Xiaomi unveils folding phone in race with Apple, Huawei

Introduction comes on same day as Huawei launches its latest foldable, with Apple expected to enter the fray on Wednesday.

Xiaomi’s 18 Fold uses the company’s latest Xring O3 system-on-chip. Photo: Handout
Xiaomi’s 18 Fold uses the company’s latest Xring O3 system-on-chip. Photo: Handout

Big Tech

What Tencent’s Bilibili bond swap tells us about its AI playbook

The deal allows Tencent to release capital from a legacy asset to support AI projects while retaining downside protection as a debt holder.

Tech Trends

Huawei unveils first-ever smartphone powered by Tau Scaling Law-based Kirin chip

Coming just ahead of new models from Apple and Xiaomi, the device highlights a fierce battle in the high-end foldable market.

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Tech Trends

In Focus | Once known for livestock, a rural Chinese city pivots to AI super units

Fueled by cheap wind power and a cool climate, Inner Mongolia’s Ulanqab is turning energy produced in its pastureland into power for the AI boom.

Photo: Dennis Yip
Photo: Dennis Yip

Tech Trends

After Apple leak, has India lost ground in its supply chain race with China?

In the wake of a cyberattack on a local Apple partner, insiders say India has a long way to go before challenging China as a manufacturer.

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Policy

How Beijing became China’s biggest tech venture capitalist, from AI to chips

China’s tech sector thrives on state-backed investment, reshaping funding dynamics and sparking a debate about balancing risk and innovation.

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Tech Trends

Insert token: how China’s surging AI use is turning compute into currency

As the cost of running AI models continues to drop, the token economy is reshaping ecosystems far beyond corporate cubicles.

Illustration by Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech War

In Focus | Will geopolitics put a potential Musk merger between a rocket and a hard place?

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Illustration: Victor Sanjinez

Tech Trends

Chinese AI firm DeepSeek taps underwriters for IPO: sources

DeepSeek is moving to complete a pre-IPO round of financing that could value it at about US$74 billion. Photo: Shutterstock

Big Tech

Alibaba’s AI ‘employees’ can now work in ByteDance, Tencent apps

videocam
A woman walks past an Alibaba Group sign at an office complex in Shenzhen, in southern China’s Guangdong province, on March 25, 2026. Photo: Getty Images

China Business

Hong Kong targets biomedicine powerhouse status in debut 5-year plan

Hong Kong Secretary for Health Lo Chung-mau speaking at the fifth Hong Kong International Biotechnology Conference and Exhibition. Photo: Handout

Tech

US firm shows how AI helped hijack WeChat account with just 1 unanswered call

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An American cybersecurity firm discovered a way to take over WeChat accounts. Photo: Shutterstock
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MULTIMEDIA
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Cancer-testing dogs a sniff away from clinical work with AI enhancement

Bengaluru-based start-up Dognosis boasts an accuracy rate of 90 per cent in detecting seven major types of cancer
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Hong Kong’s first robot-run convenience stores

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Thrills and spills at World Humanoid Robot Games

Staff members use extinguishers after a humanoid robot caught fire after finishing a 100m large-sized group preliminary race, following the opening ceremony of the 2026 World Humanoid Robot Games, at the National Speed Skating Oval, in Beijing, China August 22, 2026. REUTERS/Tingshu Wang TPX IMAGES OF THE DAY
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Thrills and spills at World Humanoid Robot Games

The World Humanoid Robot Games in Beijing saw several stretchers deployed to remove robots that had ‘passed out’
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