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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.
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

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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US-China relations

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

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Artificial intelligence

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

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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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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.

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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.

Photo: Dennis Yip
Alibaba

Top Alibaba executives purchase US$15m in shares following landmark AI placement

The personal investments from Joe Tsai and Eddie Wu follow firm’s 710 million share sale, one of China’s largest AI fundraising efforts.

China-Africa relations

African businesses keep options open as Chinese AI gains ground

Lower costs, downloadable models and greater language flexibility are helping Chinese AI models gain ground across the continent.

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Artificial intelligence

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

From RedNote to Meituan, digital platforms are bypassing third-party providers to build in-house AI models.

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An AI sign is seen at the World Artificial Intelligence Conference in Shanghai. Photo: Reuters
Alibaba

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

The Chinese tech giant is going ‘full stack’, expanding beyond retail into chips, cloud and large language models as surging spending weighs on quarterly profits.

Tourists visit the Alibaba Group booth at the 2026 World Artificial Intelligence Conference in Shanghai, China, on July 17. Photo: CFOTO/Future Publishing via Getty Images
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.

Artificial intelligence

OpenAI-backed legal tech firm pivots to Chinese Kimi K3 open-weight model

San Francisco-based Harvey says its new model, Harvey Tenet, was post-trained on top of the open-weight Kimi K3 base.

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.

The Alibaba cloud unit’s growth has not yet peaked, according to analysts. Photo: Shutterstock
Hong Kong economy

Embrace AI to boost competitiveness, Paul Chan says at tech festival opening

Finance chief says the technology will open doors for careers at event showcasing humanoid robots, 3D printers and AI experience zones.

Robots on display at the Hong Kong Computer and Communication Festival 2026. Photo: Dickson Lee
Get to Know

Meet Madison Huang, daughter of multibillionaire Nvidia CEO Jensen Huang

Before joining her father’s US$5.25 trillion tech giant, the Le Cordon Bleu-trained chef worked at LVMH in Paris and studied AI at MIT.

Artificial intelligence

Chinese AI firms forced to optimise software as local chips trail Nvidia’s

Surging token usage as artificial intelligence moves into large-scale deployment spurs search for new approaches.

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Hong Kong stock market

China fund managers stick with AI, chips this month after July sell-off: survey

Investor interest in defensive shares also surges across Asia as more try to hedge against the downside risks of AI investments.

A footbridge with a screen displaying the Shanghai Composite Index is seen in Shanghai’s financial district of Shanghai on Wednesday. Photo: AFP
US-China relations

US urged to follow China’s lead in treating data as an economic asset

Congressional advisory panel urges Washington to develop national strategy as Beijing’s data push gives Chinese firms edge in AI, robotics.

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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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Electric & new energy vehicles

Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump

The Chinese tech firm has seen its net profits decline for three consecutive quarters, as it rapidly ramps up AI-related R&D spending.

Xiaomi unveiled the SkyNomad in July. Photo: AFP
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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Chinese tech titan Alibaba Group Holding’s new lightweight AI model Qwen3.8-27B has matched much larger rivals including OpenAI, DeepSeek and Zhipu. Photo: Shutterstock
Artificial intelligence

Zhipu AI’s answer to Project Glasswing marks shift for Chinese cyber safety

Company’s ‘Shield of Open Source’ programme offers free security audits to help users patch software vulnerabilities.

Semiconductors

CXMT value tops 4 trillion yuan as global memory rally lifts China chip champion

Shares jump 12 per cent to a record as bullish signals from SanDisk reinforce expectations that AI-driven memory demand will keep supplies tight.

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Electric & new energy vehicles

China’s self-driving push gears up in Europe as Momenta, Pony.ai expand

Deutsche Bank raises its price target for Momenta while Pony.ai widens partnership with Uber to accelerate autonomous-vehicle roll-out in European cities.

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Momenta has received Germany-wide Level 4 testing approval from the Kraftfahrt-Bundesamt, one of the world’s most rigorous vehicle safety authorities. The approval marks a significant milestone in Momenta’s growth in Europe. Photo: handout
Semiconductors

Ingenic taps Hong Kong market to raise HK$3.2 billion for chip expansion

The semiconductor maker is set to raise a share offering in the city and begin trading later this month.

Hong Kong Exchanges and Clearing in Central. Photo: Jelly Tse
Wealth: Alternative Investments

Look to broader AI infrastructure bets in a maturing market, experts say

After the AI boom of 2023 and 2024, industry specialists explain where investors should turn next for sustainable gains.

Supported by
Standard Chartered Global Private Bank
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.

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