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Grok and xAI logos on a smartphone. Photo: Reuters
United States

US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI

A San Francisco judge said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to steal trade ⁠secrets.

Semiconductors

How massive AI-driven demand for MLCCs triggered a supply bottleneck

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Artificial intelligence

China’s AI ‘hundred model’ war shifts to enterprise value, JPMorgan says

Huawei

Can Huawei’s ‘chip queen’ help China beat the US tech blockade?

He Tingbo says her epiphany came from an ancient irrigation system in Sichuan province, built without modern machinery or electricity.

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Illustration by Henry Wong
Illustration by Henry Wong
Semiconductors

Can Huawei’s breakthrough help China’s chip design software firms catch US rivals?

Domestic chip design software vendors embrace Huawei’s Tau Scaling Law, but analysts caution that breaking US dominance is far from easy.

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China's economic recovery

‘Not a crackdown’: China regulators eye neutral enforcement in shift from 2021

Increased scrutiny of tech giants and finance firms seen as end to the era of administrative restraint as officials move to curb monopolies and price wars.

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Artificial intelligence

Anthropic’s Claude Fable 5 poses a challenge for China’s AI developers

Restrictions on access to the powerful model, ‘targeted at Chinese AI labs’, are sparking debate about safety, innovation and open research.

The Claude Fable logo is displayed on the screen of a handheld smartphone in France on June 10, 2026. Photo: Getty Images
The Claude Fable logo is displayed on the screen of a handheld smartphone in France on June 10, 2026. Photo: Getty Images
Artificial intelligence

Could the AI ‘self-evolution’ trend add fuel to the China-US tech war?

Anthropic says its Mythos model is edging closer to ‘recursive self-improvement’ as Chinese developers seek to close gap.

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Artificial intelligence

China leads US in everyday AI apps but firms are overvalued, experts say

Chinese labs have unveiled new models that trail closely behind those from US peers such as OpenAI and Anthropic in capabilities.

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Hong Kong stock market

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

Bank of America says of its 10 proprietary indicators for market stress, seven are currently flashing, in line with averages before the prior bear markets since 1990. Photo: Getty Images
Alibaba

Ant International powers new e-wallet in cash-heavy Mexico

The e-wallet may assist small businesses in the Latin American country to build credit history and secure financing, according to Clip.

A consumer makes a payment using a mobile phone. Photo: Shutterstock
A consumer makes a payment using a mobile phone. Photo: Shutterstock
IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

China’s private sector

Microsoft cuts hundreds of mainland cloud jobs, as China, US tighten data laws

The firm is laying off some employees at its cloud unit amid ongoing restrictions on cross-border data flows between the two countries.

US-China tech war

China tech bets its chips on a US$577 million fund to counter US restrictions

Chip giants launch a 3.91 billion yuan private equity fund to boost the country’s ‘hard tech’ sectors amid tightening US export curbs.

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China’s leading chipmaker CXMT is among the tech giants launching a US$577 million private equity fund to boost the country’s “hard tech” sectors amid tightening US export curbs. Photo: Handout
Artificial intelligence

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

At the market close on Monday, Zhipu’s market cap stood at HK$585.8 billion, about 2.6 times higher than Minimax’s HK$159.3 billion. Photo: Shutterstock
At the market close on Monday, Zhipu’s market cap stood at HK$585.8 billion, about 2.6 times higher than Minimax’s HK$159.3 billion. Photo: Shutterstock
Artificial intelligence

China warns of security risks in relay services for foreign AI models

Security ministry cautions developers on grey-market relay platforms, raising fears of privacy breaches and illicit data trading.

US-China tech war

SpaceX IPO set to lift industry in push for space-based AI, solar power: report

The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications.

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Artificial intelligence

China launches space computing hub as SpaceX gears up for historic IPO

New institute highlights Beijing’s bid to leapfrog energy bottlenecks and underscores how tech race with US is moving off-planet.

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The establishment of the institute marks a major step in the China-US AI rivalry, which is increasingly extending beyond Earth. Photo: Shutterstock
The establishment of the institute marks a major step in the China-US AI rivalry, which is increasingly extending beyond Earth. Photo: Shutterstock
Artificial intelligence

Tencent’s AI chief dismisses lag concerns, says race a ‘long-term game’

Yao says he does not think ChatGPT and Claude Code will be the only super apps, as ‘new opportunities will inevitably emerge’.

China stock market

AI effect vaults China’s Zhongji Innolight to top of stock benchmark

Maker of optical modules surpasses CATL in weighting thanks to off-the-charts demand from Alphabet, Amazon, Meta and Huawei.

Tencent

WeChat to take commands from AI assistants in major shift for Tencent

Phone makers including Huawei, Honor, Xiaomi, Oppo, and Vivo set to support feature that reverses past reluctance to open the super app.

Apps like WeChat have long been the main gateways to the internet for Chinese consumers. Photo: Shutterstock Images
DeepSeek

China’s DeepSeek nears US$7 billion haul in first-ever funding round

DeepSeek’s founder and CEO Liang Wenfeng is reportedly committing around 20 billion yuan of his own capital.

DeepSeek long rejected external funding to focus on pursuit of artificial general intelligence. Photo: AFP
DeepSeek long rejected external funding to focus on pursuit of artificial general intelligence. Photo: AFP
Artificial intelligence

ByteDance thinks its Doubao AI is worth paying for. Are China’s users buying it?

The tech giant’s paywall gamble may have backfired after teasing its paid-subscription options for flagship chatbot Doubao saw users bolt.

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Ant Group

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Investment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com.

Alibaba

Alibaba elevates tech chief Wu Zeming to elite committee amid AI push

Wu joins Jack Ma and Joe Tsai in committee of five overseeing group that steers company’s strategy.

A visitor walks in front of an Alibaba booth during the China International Supply Chain Expo in Beijing on July 18, 2025. Photo: AP Photo
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