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The Alibaba booth at the China International Supply Chain Expo in Beijing on July 18, 2025. Photo: AP
Alibaba

Alibaba sets price in US$10.2b billion new share offer, drops 10% on market open

The firm is set to issue 710 million shares in one of China’s largest AI fundraising efforts.

Artificial intelligence

China’s internet army is quietly embedding AI into everyday lives

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Alibaba

Alibaba to issue US$10 billion in new shares for global AI push

Robotics

Are humanoid robots the future? Chinese makers instead highlight practicality

The industry is seeing a shift from flashy demonstrations, like kickboxing and dancing, to real-world deployment.

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Onlookers watch a robot thread a string through a needle during the World Robot Conference in Beijing on Wednesday. Photo: AP
Onlookers watch a robot thread a string through a needle during the World Robot Conference in Beijing on Wednesday. Photo: AP
Artificial intelligence

Nvidia customers notified of AI-related price rises above 15%

The rises will impact systems including those with the Vera Rubin and Grace Blackwell chips, according to people familiar with the process.

US-China tech war

As talent tug of war rages, who are China’s most generous tech employers?

Companies are rolling out an unprecedented wave of stock grants amid fierce domestic headhunting and an intensifying US-China tech race.

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Artificial intelligence

China’s telecoms giants bet on ‘token factories’ as AI drives revenue growth

The country’s ‘big three’ telecoms operators are investing heavily in AI computing capacity, as they cash in on a surge in token usage.

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China Telecom and other Chinese carriers have made AI tokens a key part of their growth strategies. Photo: Shutterstock
China Telecom and other Chinese carriers have made AI tokens a key part of their growth strategies. Photo: Shutterstock
Alibaba

What’s next for Alibaba as US$56 billion AI spending plan hits halfway mark?

Aggressive spending strains cash, but Alibaba’s AI cloud growth points to strong long-term returns, analysts say.

China’s private sector

China clears Geely for landmark satellite test to spur commercial space drive

Geespace secures a two-year satellite IoT trial from MIIT, the first approval for a private Chinese firm.

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Alibaba

Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

Tech giant posts fastest growth in cloud and AI revenue in 22 quarters, says huge AI computing investments will pay off within three years.

The Alibaba booth at the World Artificial Intelligence Conference in Shanghai on July 26, 2025. Photo: Reuters
Artificial intelligence

Semiconductors | China’s supernodes go mainstream as AI model sizes grow

Giant arrays of AI chips, China’s way around US export curbs on the most advanced silicon, become widely available to meet growing compute needs of models, agents.

China’s supernodes go mainstream as AI model sizes grow
US-China tech war

SpaceSail’s record funding fuels China’s satellite challenge to Musk’s Starlink

Company pairs landmark capital with rapid satellite deployment and overseas expansion as China’s private aerospace sector breaks new ground.

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Robotics

From spectacle to scale: why China’s robotics firms face a ‘critical juncture’

China’s robots have won global attention with a string of viral stunts. But firms now face growing pressure to generate real-world returns.

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United States

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

A bipartisan group of 29 states is suing the company, seeking potentially tens or hundreds of billions of dollars in penalties.

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People hold photos of children and young adults whose deaths were related to social media use, as Meta faces a landmark trial in Oakland, California, on Tuesday. Photo: Reuters
Artificial intelligence

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.

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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
US-China tech war

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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Artificial intelligence

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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Artificial intelligence

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.

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
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
Artificial intelligence

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.

Video gaming

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.

Semiconductors

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
Robotics

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.

Chinese robots on the march despite tech war hurdles
Artificial intelligence

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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Artificial intelligence

24 hours with Tencent’s WeChat AI agent: successes and stumbles

The new Xiaowei agent promises hands-free control across WeChat’s vast digital ecosystem. I set out to see whether it delivers.

Artificial intelligence

Home province of DeepSeek, Moonshot founders seeks to retain future AI talent

After losing top founders in artificial intelligence to rivals, the southern province aims to better attract, retain talent.

A view of Guangzhou, in China’s southern Guangdong province. Photo: Shutterstock
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