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Gold bullion bars. Photo: AP

China Business

Hong Kong taps tech strength in joint venture to power gold settlement

Alibaba Cloud among partners chosen to create a platform for Hong Kong’s gold clearing and settlement system next year.

Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut

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Meta accused at trial of targeting kids to boost Facebook and Instagram use

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Big Tech

Meet the Chinese AI star who splashed a reported US$70m on a California mansion

Tony Wu Yuhuai, co-founder of Elon Musk’s AI lab, reportedly buys 12-acre estate, putting a spotlight on China’s Silicon Valley talent.

A 31-year-old Chinese AI star reportedly just purchased the sprawling 12-acre Californian estate at 3000 Ralston Ave, Hillsborough, for US$70 million. Photo: Youtube/Golden Gate Sotheby’s International Realty
A 31-year-old Chinese AI star reportedly just purchased the sprawling 12-acre Californian estate at 3000 Ralston Ave, Hillsborough, for US$70 million. Photo: Youtube/Golden Gate Sotheby’s International Realty

Big Tech

Exclusive | Nokia to close almost all sites in mainland China by year end: sources

Retreating from China, once Nokia’s largest single-country market globally, would mark an acquiescence to domestic competition.

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China EVs

Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump

The Chinese tech firm has seen its net profits decline for three consecutive quarters, as it rapidly ramps up AI-related R&D spending.

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Tech Trends

Alibaba’s lightweight Qwen takes on OpenAI, DeepSeek, Zhipu’s larger AI systems

Chinese tech giant’s latest offering performed on par with OpenAI’s GPT-5.6 Luna and nearly matched DeepSeek, Zhipu’s open-weight models.

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Chinese tech titan Alibaba Group Holding’s new lightweight AI model Qwen3.8-27B has matched much larger rivals including OpenAI, DeepSeek and Zhipu. Photo: Shutterstock
Chinese tech titan Alibaba Group Holding’s new lightweight AI model Qwen3.8-27B has matched much larger rivals including OpenAI, DeepSeek and Zhipu. Photo: Shutterstock

Big Tech

Baidu’s AI surge fails to stem quarterly revenue decline

Helping cushion the fall, revenue from AI-related operations jumped 25 per cent year on year to 12.5 billion yuan.

Tech Trends

Zhipu AI’s answer to Project Glasswing marks shift for Chinese cyber safety

Company’s ‘Shield of Open Source’ programme offers free security audits to help users patch software vulnerabilities.

Big Tech

Nvidia to provide up to US$105 billion guarantee for OpenAI’s Ohio data centre

Leading technology firms are increasingly tying ‌together chips, power and data centre development as they race to meet soaring AI demand.

Nvidia is helping ⁠OpenAI secure a sprawling data centre in Ohio, US. Photo: Reuters / Dado Ruvic / Illustration

Tech Trends

Next silicon? AI data centre material faces price spike amid China supply crunch

Beyond GPUs and memory chips, the rapid AI buildout is sparking demand for indium phosphide, a substrate used to power next-generation optical transmission.

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Indium phosphide is used to make lasers that convert electrical signals into light, crucial to the development of fibre-optic cables. Photo: Shutterstock
Indium phosphide is used to make lasers that convert electrical signals into light, crucial to the development of fibre-optic cables. Photo: Shutterstock

Big Tech

Alibaba sheds gaming business Lingxi to double down on AI and e-commerce

The landmark deal sees Citic Capital’s private equity arm acquiring the unit famous for strategy game Three Kingdoms Tactics.

Tech

CXMT value tops 4 trillion yuan as global memory rally lifts China chip champion

Shares jump 12 per cent to a record as bullish signals from SanDisk reinforce expectations that AI-driven memory demand will keep supplies tight.

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Tech Trends

Ingenic taps Hong Kong market to raise HK$3.2 billion for chip expansion

The semiconductor maker is set to raise a share offering in the city and begin trading later this month.

Hong Kong Exchanges and Clearing in Central. Photo: Jelly Tse

Tech Trends

AI chipmaker Biren projects up to 22-fold revenue surge in first half of 2026

Massive financial gains across domestic chipmakers underscore how the push for self-sufficiency is reshaping demand for home-grown hardware.

In July, Biren unveiled its next-generation “supernode” solutions, using optical data transmission to bypass current hardware limits. Photo: Handout
In July, Biren unveiled its next-generation “supernode” solutions, using optical data transmission to bypass current hardware limits. Photo: Handout

Tech War

Robotics | Chinese robots on the march despite tech war hurdles

Recent US ban on new robots is unlikely to prevent robotics becoming China’s next export engine after electric vehicles.

Tech Trends

Hong Kong firm bets on Chinese open-weight models to rival CoreWeave

‘Neo-cloud’ provider Antimatter is helping businesses shift away from the US’ frontier AI models, promising lower costs and greater data sovereignty.

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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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Illustration: Henry Wong
Illustration: Henry Wong

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.

Tech

The AI industrial revolution: why US faces a historic tech reckoning from China

From EVs to robotics, China’s advancement in cutting-edge tech has seen it shake off the West’s long-standing belief in US exceptionalism.

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Illustration: Lau Ka-kuen
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech Trends

China’s YMTC breaks into top 3 flash-memory suppliers with 14% market share

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The Wuhan-based chipmaker captured 14 per cent of global NAND bit shipments in the second quarter. Photo: Shutterstock

China Business

Chinese robotaxi firms see reduced red tape in Europe as deployment picks up

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Verne, Pony.ai and Uber have partnered to launch Europe’s first commercial robotaxi service. Photo: handout

Tech Trends

Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut

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People watch humanoid robots dance at the Unitree booth during the World Artificial Intelligence Conference in Shanghai on July 17. Photo: Reuters

Tech Trends

Alibaba’s lightweight Qwen takes on OpenAI, DeepSeek, Zhipu’s larger AI systems

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Chinese tech titan Alibaba Group Holding’s new lightweight AI model Qwen3.8-27B has matched much larger rivals including OpenAI, DeepSeek and Zhipu. Photo: Shutterstock

Big Tech

Baidu’s AI surge fails to stem quarterly revenue decline

Baidu’s Intelligent Cloud Tianchi 512 Supernode system is displayed at its booth during the World Artificial Intelligence Conference in Shanghai, July 18, 2026. Photo: Reuters
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OPINION
Robin Hu

Opinion | Chokepoints and the cost of cutting off access

Robin Hu
Anthony Rowley

Macroscope | Why are global leaders asleep to risks of uncritical AI adoption?

Anthony Rowley
Thomas O. Falk

Opinion | US does its robotics industry no favours by fencing it off from China

Thomas O. Falk
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David Dodwell

Outside In | Why Asia need not match West’s fear over data centre buildout

David Dodwell
Hao Nan

Opinion | The AI order will have 3 tracks, not 2

Hao Nan
David Kim

Opinion | In an era defined by AI, can work still be measured by the clock?

David Kim
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MULTIMEDIA
Video

Beijing robot barista sets world record serving 202 cups

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Beijing bar lets patrons tap AI tools

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02:46
Video

US bans Chinese robots in latest tech crackdown

Reuters
01:48
Video

Scientist investigated after death linked to gene-editing therapy

Scientist investigated after death linked to gene-editing therapy
02:53
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