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Kling AI is said to be close to completing a US$3 billion fundraising round that would value the company at US$18 billion post-investment. Photo: Shutterstock
Artificial intelligence

Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources

The Kuaishou Technology spin-off aims to start Hong Kong listing process within a year, as annual recurring revenue soars following latest AI video model release.

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Robotics

Now hiring: Nvidia’s robotics team ramps up its China talent hunt

DeepSeek

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

E-commerce

China’s cooling, e-commerce giants see sales surge as Europe heat sizzles

Alibaba notes surge in retail and business-to-business orders, Midea reports sharp revenue rise, and Gree sales get bump in major European markets.

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On AliExpress, Alibaba’s international retail site, this month’s debut of air conditioners in Germany saw local warehouse inventory for a Midea model completely wiped out by Thursday. Photo: Shutterstock
On AliExpress, Alibaba’s international retail site, this month’s debut of air conditioners in Germany saw local warehouse inventory for a Midea model completely wiped out by Thursday. Photo: Shutterstock
Artificial intelligence

Chinese AI model’s bug-hunting prowess narrows gap to US

Zhipu AI model matches Anthropic’s Mythos on certain cybersecurity tasks, researchers say, after rating highly for its coding.

Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

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Artificial intelligence

For China’s tech workers, AI ‘optimisation’ sounds like ‘unemployment’

China’s office workers are worrying whether their jobs can be done by artificial intelligence – and whether their companies will make the switch.

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Illustration: Brian Wang
Illustration: Brian Wang
Artificial intelligence

AI agents get ‘digital ID cards’ under China’s first connectivity standard

Country’s new AI agent framework aims to cut costs and enhance security to boost enterprise adoption.

Apple

Apple price hikes may hit iPhone next as memory, storage costs soar: analysts

Some Chinese consumers are anticipating potential price hikes for the upcoming iPhone series, and are reconsidering their upgrade plans.

Artificial intelligence

China keeps an eye on AI smart glasses as privacy concerns come into focus

Voluntary code aims to address privacy fears surrounding AI smart glasses as shipments surge and hidden recordings spark public outrage.

China has introduced a voluntary industry code of conduct for AI smart glasses following growing privacy concerns over covert recording. Photo: Xinhua
Artificial intelligence

China’s Zhipu AI sparks new ‘DeepSeek moment’ in Silicon Valley

While other Chinese releases have made significant gains, GLM-5.2 is the first model to rank in the top three globally on a major benchmark.

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Zhipu AI, known internationally as Z.ai, made the GLM-5.2 model available on June 13. Photo: Shutterstock
Zhipu AI, known internationally as Z.ai, made the GLM-5.2 model available on June 13. Photo: Shutterstock
Artificial intelligence

DeepSeek on hiring spree – seeks newcomers, not just AI geniuses

The Chinese AI giant is looking to double in size as it seeks to become a ‘driving force’ in the creation of artificial general intelligence.

Artificial intelligence

How a Chinese physical AI start-up’s new paradigm bypasses US road maps

Shanghai-based Fysics AI says Fysiverse is a ‘new-generation physics-based world model that adheres to real-world physical laws’.

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Artificial intelligence

Mutually assured disruption? Why China wants its own Mythos AI deterrent

Anthropic’s Mythos has become a ‘cyber nuclear weapon’ that China cannot afford to leave in US hands alone, says 360 founder Zhou Hongyi.

China has called for the development of a domestic rival to the AI model, which has been likened to a 'cyber nuclear weapon'. Photo: AFP)
Artificial intelligence

Huawei and Cambricon tighten grip on China’s AI chip market as Nvidia slips

Huawei and Cambricon are set to dominate China’s AI server market as geopolitics and self-reliance accelerate Nvidia’s retreat.

Chinese chipmakers led by Cambricon and Huawei are expected to significantly expand their share of the domestic AI server market as Beijing pushes for greater semiconductor self-reliance. Photo: Getty Images
Chinese chipmakers led by Cambricon and Huawei are expected to significantly expand their share of the domestic AI server market as Beijing pushes for greater semiconductor self-reliance. Photo: Getty Images
Semiconductors

China’s Big Fund becomes SMIC’s third-largest shareholder after record buyout

The landmark deal consolidates the Big Fund as third largest owner of SMIC, China’s largest wafer foundry.

Semiconductors

China’s JCET to build new plant in Shanghai to expand advanced chip packaging

US$1.15 billion investment underscores advanced packaging’s role in boosting China’s chipmaking capabilities amid rapid AI development.

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Huawei

Huawei partners win big as China Telecom snaps up servers for self-reliance

China Telecom’s 40,000-server procurement puts Huawei’s Kunpeng ecosystem in focus as Beijing pushes for greater use of domestic hardware.

Huawei Technologies has emerged as a major winner of China Telecom's multibillion-dollar high-performance server procurement programme. Photo: Reuters
Huawei Technologies has emerged as a major winner of China Telecom's multibillion-dollar high-performance server procurement programme. Photo: Reuters
China’s private sector

iPhone supplier Luxshare passes key hearing for Hong Kong listing

The firm, a key supplier for AirPods and iPhones, is a step closer to joining other mainland Chinese tech heavyweights in HKEX listing.

Artificial intelligence

DeepSeek’s Harness team rushes to join the global AI agent race

Chinese AI start-up recruiting talent to build cutting-edge autonomous agents that adapt foundational language models into commercial tools.

Artificial intelligence

Alibaba chip unit T-Head triples capital amid AI hardware bet

First injection in over three years comes as Alibaba works on full-stack AI infrastructure, from its Qwen models to chips to cloud services.

Alibaba has become more vocal about its chip unit this year and is reportedly working toward spinning it off with an initial public offering. Photo: Shutterstock
Apple

Apple faces new antitrust complaint over ‘unfair’ App Store fees in China

The developers asked the antitrust regulator to investigate and penalise Apple for allegedly ‘abusing the company’s market dominance’.

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People queue outside an Apple store to see the new iPhone 17 lineup in Hangzhou on September 19, 2025. Photo: AFP
People queue outside an Apple store to see the new iPhone 17 lineup in Hangzhou on September 19, 2025. Photo: AFP
Artificial intelligence

Hard work and endurance: what Alibaba’s team-building says about its AI drive

Jack Ma and executives plant rice seedlings in a symbolic retreat signalling resilience as Alibaba doubles down on AI.

Artificial intelligence

‘We’re all in’: Alibaba’s Joe Tsai makes biggest AI push yet at VivaTech

Tsai lays out Alibaba’s AI playbook: invest across the stack, figure out the winners later.

Artificial intelligence

Zhipu, DeepSeek push China’s trillion-parameter AI frontier amid US clampdown

China’s AI developers deepen push into massive foundation models, backed by lower costs and investor momentum despite US restrictions.

Even as model sizes balloon, Chinese AI firms continue to compete aggressively on price rather than relying solely on performance premiums. Photo: Shutterstock
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