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The official Moonshot AI corporate logo is displayed on a mobile phone screen. Photo: Shutterstock
Artificial intelligence

Moonshot AI – creator of Kimi K3 model – has filed for Hong Kong IPO: sources

The leading Chinese AI start-up has confidentially filed for a Hong Kong listing and aims to go public early next year, sources say.

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Artificial intelligence

Do Z.ai and MiniMax face different financial fates months after Hong Kong IPOs?

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ByteDance

Exclusive | ByteDance to expand massive AI data centre cluster in Inner Mongolia: source

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Artificial intelligence

US tech chiefs Huang, Musk warn against AI curbs amid race with China

US tech leaders warn strict rules could blunt innovation and prevent the harnessing of economic gains from rapidly advancing AI.

Jensen Huang speaks at the G20 Innovation Ministerial summit. Photo: Reuters
Jensen Huang speaks at the G20 Innovation Ministerial summit. Photo: Reuters
Semiconductors

Chinese investors scramble for 1-in-4,000 odds in Enflame’s red-hot IPO

The last of China’s ‘four little dragons’ to go public has drawn millions of retail investors, despite odds of securing an allocation at less than 0.03 per cent.

Artificial intelligence

Frontier AI at a cost: what Anthropic’s Fable 5.1 means for US-China model race

The US firm’s new models claim top position on leading benchmarks, though steep operating costs against Chinese rivals highlight a growing divide.

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Semiconductors

China’s No 2 foundry Hua Hong invests US$2b to expand capacity amid AI demand

Project is via a joint venture with state-backed investment entities under China’s National Integrated Circuit Industry Investment Fund.

Hua Hong’s existing fabrication plants in Shanghai and Jiangsu are operating at full utilisation rates. Photo: Handout
Hua Hong’s existing fabrication plants in Shanghai and Jiangsu are operating at full utilisation rates. Photo: Handout
Semiconductors

China’s AMEC unveils 6 chip-making machines in a day in self-reliance boost

A rapid R&D drive is powering the firm’s transition beyond its core business.

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Tencent

How Hy4 preview puts Tencent back in the top tier of open-source AI

On the DeepSWE benchmark, the Hy4 preview scored 64.3, surpassing Alibaba’s Qwen-3.8 Max at 56.6 and DeepSeek-V4 Pro at 62.7.

Artificial intelligence

Chinese internet giants set to reap AI profits in 2 to 3 years, UBS says

Despite short term macro headwinds, vast user bases and costs are positioning Chinese firms for gains.

Visitors tour exhibition booths at the China International Supply Chain Expo in Beijing on June 25. Photo: AP
Semiconductors

Enflame’s US$900m IPO tests appetite for China’s ‘little dragon’ AI chipmakers

Fuelled by Beijing’s tech self-reliance push, the company is set to test investor confidence in specialised hardware.

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Tourists visit the Enflame booth at the 2026 World Artificial Intelligence Conference in Shanghai on July 20. Photo: Getty Images
Tourists visit the Enflame booth at the 2026 World Artificial Intelligence Conference in Shanghai on July 20. Photo: Getty Images
Artificial intelligence

Manus resumes solo operations after collapse of US$2 billion Meta deal

The AI start-up said its founders would continue to lead the firm as an ‘independent agent lab’, after Beijing torpedoed its acquisition by Meta.

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Semiconductors

Making chip gear is the first step. Scaling it is China’s next big test

Industry leaders caution that the semiconductor equipment sector must now transition from technical viability to commercial reliability.

China’s private sector

Can China catch SpaceX? New commercial reusable rocket takes to the skies

The orbital mission marks a key milestone for Beijing’s commercial launch sector.

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Chinese rocket maker Galactic Energy has successfully sent its Pallas-1 medium-to-large reusable rocket into orbit. Photo: Weibo
Z.ai

Chinese AI firm Z.ai posts 400% revenue jump as total losses narrow

First-half revenue from cloud-based deployment services soared over 2,700 per cent year on year.

Z.ai’s full-year sales were expected to expand 514 per cent, according to analysts’ estimates. Photo: Shutterstock
Z.ai’s full-year sales were expected to expand 514 per cent, according to analysts’ estimates. Photo: Shutterstock
Huawei

Huawei pours a quarter of revenue into research amid US-China chip war

Revenue in first half rose 9.55 per cent to 467.8 billion yuan, bolstered by a strong rebound in smartphones and demand for AI chips.

MetaX

China’s AI chipmakers post surging sales in tech self-reliance drive

MetaX posted a net profit of 612 million yuan for the first six months, reversing a loss of 186 million yuan a year earlier.

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Artificial intelligence

Music publishers accuse Anthropic of ‘blatant theft’ in major new lawsuit

The case, brought by 35 music publishers, adds to the legal challenges facing Anthropic as the AI firm eyes a potential blockbuster IPO.

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Anthropic is facing a fresh lawsuit over its use of music to train its AI models. Photo: Reuters
Anthropic is facing a fresh lawsuit over its use of music to train its AI models. Photo: Reuters
Semiconductors

CXMT vs Pentagon: how China’s tech firms are challenging US blacklists in court

Chipmaker CXMT has sued the US government to be removed from a Pentagon blacklist – joining a wave of legal challenges by Chinese tech firms.

Semiconductors

China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off

China’s leading DRAM chipmaker outperforms its own forecasts in its first financial results since a blockbuster Shanghai listing.

Mainland China

Meituan snaps losing streak with profitable June quarter as price wars cool

Revenue for the quarter rose 14.4 per cent year on year to 105 billion yuan, beating the consensus estimate of 101 billion yuan.

Meituan food delivery riders take a break in Chongqing, China, November 21, 2025. Photo: Getty Images
Artificial intelligence

MiniMax boosts Alibaba cloud budget 220% to fuel next-gen AI models

Chinese AI firm burns through two-thirds of its cloud budget by June, forcing a dramatic increase in its Alibaba deal ceiling.

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MiniMax has raised its three-year purchase ceiling on its cloud computing deals with Alibaba to US$1.2 billion. Photo: Getty Images
MiniMax has raised its three-year purchase ceiling on its cloud computing deals with Alibaba to US$1.2 billion. Photo: Getty Images
Artificial intelligence

Biomedicine | China thinks big on brain-computer interfaces

Launch of commercial BCI implantation, ahead of US, offers hope to millions with brain or spinal injuries as plans are made for the technology’s wider use.

Alibaba

Alibaba pushes into South America’s AI market with launch of Brazil data centres

The Chinese tech giant is rapidly building AI infrastructure in emerging markets amid an intensifying US-China tech rivalry.

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Artificial intelligence

Zhipu’s viral Ox Alpha AI model runs entirely on Chinese chips

Model shows China can scale AI on domestic chips, setting a usage record as Beijing pushes to cut reliance on US hardware.

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Zhipu AI's move marks a significant test of China’s ability to handle large-scale global inference workloads on home-grown hardware. Photo: Getty Images
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