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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.
Kling’s motion control feature, which easily lets puppies or any characters dance, fuelled viral trends. Photo: Handout
Artificial intelligence

How China’s AI video generator Kling challenges Google’s Veo, OpenAI’s Sora

With Kuaishou’s tool headed for US$240 million in annual revenue, the firm is one of the world’s most undervalued AI stocks, JPMorgan says.

Robotics

Chinese tech giants Tencent and Baidu join fight for Spring Festival spotlight

Artificial intelligence

Next level: why China’s game makers are quietly bankrolling generative AI

IPO

From labs to listings: capital markets are the next battleground in the AI race

Stock exchanges have become another barometer in the US-China tech rivalry as markets assess a wave of start-ups in real time.

Illustration: Henry Wong
Science

Chinese scientists shrink semiconductor chip into fibre as thin as human hair

Advance allows fibres to compute like chips or display information like transistors, paving the way for machine-wearable smart textiles.

Semiconductors

Alibaba prepares potential spin-off, listing of chip unit T-Head

The wholly owned chip unit will first be restructured into a separate business partly held by employees, Bloomberg reported, citing sources.

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Artificial intelligence

Baidu launches Ernie 5.0 as firm’s AI assistant users reach 200 million a month

The Beijing-based company’s most advanced AI model can process text, images, audio and video.

A ranking published by LMArena showed Ernie-5.0-0110 came first among Chinese models and eighth globally in text performance. Photo: Shutterstock
Artificial intelligence

Chinese AI chipmaker Moore Threads set to report tripling of revenue

AI chipmakers have emerged as the most valuable companies in China’s AI field as the country pushes for chips that rival Nvidia’s.

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US-China trade war

Trump’s decision to sell AI chips to China under pressure as House bill advances

A key Republican challenges White House AI czar and Nvidia despite Maga backlash; it must still pass both chambers and get Trump’s signature.

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Artificial intelligence

AI shaping world’s biggest infrastructure buildout: Nvidia CEO

Each country should build their own AI system, incorporating its own language and culture into the AI models, Huang says at the WEF in Davos.

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Nvidia founder and CEO Jensen Huang speaks at the World Economic Forum meeting in Davos on Wednesday. Photo: AFP
HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

HKEX will continue to help innovators access capital more efficiently, says Bonnie Chan. Photo: Edmond So
Made in China 2025

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

DeepSeek

DeepSeek a year on: how a Chinese start-up sparked a global AI arms race

DeepSeek’s meteoric rise propelled the growth of the open-source AI ecosystem by spurring its competitors to join the movement.

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Artificial intelligence

Alibaba’s upgraded Qwen chatbot app receives warm consumer reception

Qwen’s upgrade transforms the chatbot into a virtual ‘life assistant’, making lives easier for hundreds of millions of consumers.

Qwen’s AI app aims to help people get things done in everyday scenarios, according to Alibaba. Photo: Shutterstock
IPO

Alibaba, JPMorgan said to back Chinese chip firm’s Hong Kong listing

Montage Technology could raise up to US$900 million in an IPO as soon as this month, sources say.

Bull statues sit in front of screens showing stock prices outside Exchange Square in Hong Kong on August 18, 2023. Photo: Reuters
IPO

China’s stock rally on AI optimism to stretch fundraising frenzy in 2026

Tech companies on Shanghai, Shenzhen exchanges now trade nearly 40 per cent above the Nasdaq 100, boosting the appeal of going public.

US-China trade war

US government approves Nvidia H200 chip exports to China

Trump administration on Tuesday gave the green light to China-bound sales of Nvidia’s second most powerful AI chips.

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Artificial intelligence

Alibaba reaffirms open-source AI commitment as it hails successes

‘Building with the community’ is crucial to the success of the Qwen family of large language models, company says.

Leaning into the open-source approach has helped developers build AI applications faster and at lower cost, company says. Photo: Shutterstock
Artificial intelligence

Ant International teams up with Google on use of Universal Commerce Protocol

The endorsement of Google’s open standard comes as companies globally accelerate the integration of AI agents and e-commerce.

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Artificial intelligence

China’s AI unlikely to surpass US soon despite progress, researchers say

China’s top AI scientists warn of chip deficits and resource limits, though some predict breakthroughs within five years.

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Elon Musk

Elon Musk to open source X algorithm in 7 days amid global scrutiny

The company has been working to incorporate more AI into its recommendation algorithm through Grok, Musk’s AI chatbot.

Musk has promised in recent years to make some of X’s algorithms public. Photo: dpa
Artificial intelligence

Review of Meta-Manus deal underscores China’s tightening grip on AI exports

AI agent start-up may face half a year of regulatory checks on data security, dual-use technologies and overseas investment rules: analysts.

The Ministry of Commerce says it will work with other Chinese regulators to assess whether Meta’s acquisition of Manus complies with the country’s export controls and technology transfer rules. Photo: Shutterstock
IPO

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

Artificial intelligence

China to probe Meta’s purchase of Manus over export controls, tech concerns

Probe comes amid concerns the US$2.5 billion acquisition could breach tech export controls and encourage more start-ups to relocate offshore.

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Artificial intelligence

Alibaba’s Amap rolls out AI-powered 3D virtual tours for offline destinations

Flying Street View feature offers virtual tours of restaurants and venues as platform nears 1 billion monthly users.

A new feature on the Amap app allows users to take 3D virtual tours of restaurants and other offline venues. Photo: Shutterstock
Artificial intelligence

China’s DeepSeek adds advanced ‘thinking’ feature amid buzz over next model

Hangzhou-based AI start-up installs ‘interleaved thinking’ as monthly users surge 90 per cent to nearly 131.5 million.

DeepSeek’s website and mobile app now offer multi-step research with “thinking” interspersed throughout the process. Photo: Shutterstock
Artificial intelligence

Chinese quant fund joins DeepSeek in AI race with LLM rivalling GPT-5.1, Claude

Beijing-based Ubiquant launches code-focused systems claiming benchmark wins over US peers despite using far fewer parameters.

IPO

MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say.

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