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AI: Companies

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AI: Companies
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
Customers work at AGI Bar, an AI-themed bar in Beijing, on August 9, 2026. Photo: AFP
Artificial intelligence

Machines now use AI more than humans, boosting cheap Chinese models

Agentic AIs now use five times as many tokens as humans, giving lower-priced models from Chinese firms a competitive edge, analysts say.

Artificial intelligence

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

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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
Hong Kong stock market

Mainland Chinese investors buy Hong Kong AI stocks, sell financials

Net buying surges for third straight month as AI pivot benefits MiniMax, Alibaba and Tencent, while investors eschew traditional industries.

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2026 Xi-Trump summits

Trump can’t wait for Xi’s Washington visit, but claims US leads China in AI race

US president praises Xi and predicts they have ‘a lot of good things to discuss’ at summit, while bragging of beating Beijing in tech war.

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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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Chinese chip equipment giant Advanced Micro-Fabrication Equipment (AMEC) unveils six new tools in a single day as the company accelerates research and development. Photo: Weibo
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.

US-China trade war

Congress advances new bill to give US edge in open-source AI race with China

Legislation to promote adoption of US open-source models while publicising the risks associated with using their Chinese counterparts.

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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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AI agent start-up Manus has resumed independent operations after unwinding its acquisition by Meta Platforms. Photo: Reuters
China technology

Global investors flock to China’s Shenzhen to ride wave of AI and robotics

Major banks such as HSBC and UBS host thousands of executives in southern tech hub this week to connect foreign capital with domestic firms.

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David Liao, HSBC’s co-chief executive for Asia and the Middle East, speaks at the bank’s 13th annual China Conference on Tuesday. Photo: handout
US-China relations

Data centre anger, Bill Gates’ AI warning: 7 US-China relations reads

From Ivy League China audits to Trump’s ‘Economic D-Day’, highlights from our overseas correspondents in the second half of August 2026.

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.

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
Belt and Road Initiative

In Focus | Can Beijing’s gateway plan for Tibet survive geopolitics and natural disasters?

Beijing hopes trade will stabilise Tibet, but friction with India and the looming Dalai Lama succession are hampering its efforts.

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Illustration: Huy Truong
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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Artificial intelligence

China’s ‘rice of electronics’ makers jump on strong profits from AI surge

CCTC and Guangdong Fenghua have reported strong first-half results as AI data centre demand drives MLCC orders and a global pricing upcycle.

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US-China trade war

US urged to use Beijing playbook to secure Chinese tech transfers

Experts say Washington should target areas where cutting-edge Chinese technological know-how could be welcomed, then applied to help US.

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BYD, China’s top electric vehicle manufacturer, leads the way in terms of battery and autonomous driving technologies. Experts say the US would benefit from some Chinese involvement in the American industry. Photo: Xinhua
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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China technology

Opinion | How Shenzhen can win the ‘AI for science’ race

Rather than copy the research-focused models of Beijing and Shanghai, the tech hub must leverage its industrial depths to become a premier lab for experimentation and deployment.

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A man stands next to a poster showing robots mimicking human expressions from Shenzhen Xiaoquan Technology during the International AI Application and Robotics Innovation Exhibition in Beijing on March 18. Photo: AFP
US-China relations

Bill Gates warns of AI’s impact, urges the US and China to cooperate

Tech titan argued on Wednesday artificial intelligence needs significant limits or else the harm to humans will outweigh any potential good.

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Billionaire philanthropist Bill Gates issued a stark warning about AI’s risks, saying companies were rushing ahead with the technology without a broader plan for the massive upheaval it would cause. Photo: AFP/Getty Images/TNS
US-China relations

In a small Virginia town, distrust of Big Tech hampers Trump’s AI push

Controversy over first data centres in Danville typifies ongoing debate with concerns over secrecy, distrust and China’s influence.

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Artificial intelligence

MiniMax revenue more than triples but remains behind pace to meet forecast

Despite soaring revenue and enterprise growth, MiniMax’s results underscore the fierce competition with US and Chinese AI labs.

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US-China relations

Trump says China drives anger at US data centres. These residents disagree

Community living near AI facility in Virginia reports invasive levels of noise, fumes and gas turbines – and it’s not Chinese propaganda.

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Lindsay Shaw sits outside her home in Sterling, northern Virginia, located across from a huge data centre. Photo: Handout
Alibaba

Exclusive | Jack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources

Founder’s HK$600 million personal investment comes as Alibaba chairman and CEO also purchased shares after company’s first issuance since 2019.

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Alibaba founder Jack Ma at the Vivatech conference in Paris. Photo: Handout
Semiconductors

Why is Xiaomi doubling down on in-house chips amid a profit slump?

Chinese tech giant’s Xring O3 3nm AI processor scheduled to debut aboard folding smartphone in September.

Artificial intelligence

In Focus | Once known for livestock, a rural Chinese city pivots to AI super units

Fueled by cheap wind power and a cool climate, Inner Mongolia’s Ulanqab is turning energy produced in its pastureland into power for the AI boom.

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