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China Future Tech
Software-as-a-service (SaaS) stocks came under pressure this week amid concerns their business models could be undermined in an AI-driven economy. Photo: AFP

Tech

The AI future is now, and markets are reacting differently in the US and China

Investor jitters grow in the US as AI reshapes expectations, but China’s markets have so far reacted with caution rather than panic.

Hollywood shaken by Brad Pitt-Tom Cruise fight video made with Chinese AI

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Meituan warns of US$3.5 billion loss amid intense food delivery price war

Tech

Unitree CEO sees embodied intelligence overtaking the internet’s impact

Unitree founder says the shift from screen-based AI to real-world machines could unlock a far larger economic wave than today’s tech boom.

Unitree’s G1 humanoid robot is displayed during the World AI Cannes Festival 2026 on February 12, 2026. Photo: EPA
Unitree’s G1 humanoid robot is displayed during the World AI Cannes Festival 2026 on February 12, 2026. Photo: EPA

Tech

Crypto rout set to deepen as Standard Chartered warns of further downside risks

Bank expects a ‘price capitulation in the next few months’ before recovering for the rest of the year.

Tech Trends

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

Revenue growth primarily driven by increases in wafer shipments and improved average selling prices, company says.

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Tech

China’s MiniMax releases AI model ‘designed for real-world productivity’

Company says it is ‘first frontier model … delivering on the promise of intelligence too cheap to meter’.

The logo of Chinese AI company MiniMax on a phone in Beijing last month. Photo: AFP
The logo of Chinese AI company MiniMax on a phone in Beijing last month. Photo: AFP

Tech

Will Chinese AI chip designer Enflame’s Shanghai IPO be another blockbuster?

Tencent-backed Enflame’s listing on the Star Market could follow successful recent flotations from peers Moore Threads, MetaX and Biren.

Tech

‘More than 600%’ memory price spike rattles China’s phone and broadband makers

China’s tech sector braces for a “memory winter”, with rising chip costs threatening handset output and slowing broadband rollouts.

Tech Trends

Policy to products: Web3 innovation takes centre stage at Consensus Hong Kong

SFC CEO Julia Leung Fung-yee announced that the regulator will greenlight virtual asset margin financing for clients with strong credit profiles.

A booth at last year’s Consensus held at the Hong Kong Convention and Exhibition Centre, February 19, 2025. Photo: AFP

Big Tech

China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

Top PC maker posts a 21 per cent profit drop amid chip squeeze, but bets on AI-powered devices to sustain growth amid industry upheaval.

Lenovo led the global PC market with a 26 per cent share in the fourth quarter after shipping 19.3 million units. Photo: Reuters
Lenovo led the global PC market with a 26 per cent share in the fourth quarter after shipping 19.3 million units. Photo: Reuters

Tech

Alibaba’s Qwen tops 120 million orders in 6 days amid China’s AI shopping battle

Campaign has sparked a behavioural shift towards AI-powered shopping, which Alibaba says is becoming a more popular lifestyle choice.

Big Tech

Baidu unveils AI-driven Wikipedia challenger in bid for global users

BaiduWiki, a version of the firm’s Baidu Baike online encyclopaedia, is available in English, Spanish, French, Russian and Japanese.

Banking & Finance

Shenzhen-listed Unisplendour abandons plan to raise funds in Hong Kong

The Tsinghua Holdings arm, however, will raise US$800 million via a private share placement on Shenzhen exchange.

Unisplendour was expected to raise US$1 billion from its Hong Kong share sale this year. Photo: Reuters

Tech

China’s Zhipu AI launches new major model GLM-5 in challenge to its rivals

The GLM-5 represents a shift in AI development from ‘vibe coding’ to ‘agentic engineering’ to generate an enhanced performance.

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Zhipu AI, known internationally as Z.ai, says that the new GLM-5 represents a significant shift in AI development. Photo: Shutterstock
Zhipu AI, known internationally as Z.ai, says that the new GLM-5 represents a significant shift in AI development. Photo: Shutterstock

Tech Trends

DeepSeek boosts AI model with 10-fold token addition as Zhipu AI unveils GLM-5

The upgrade will allow DeepSeek’s AI model to remember and process more information in a single conversation or task.

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Tech

Hong Kong executives trail employees in AI adoption: McKinsey

Just 14 per cent of Hong Kong executives use AI frequently, as companies face strategy, data and training barriers to wider adoption.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

How Huawei and DeepSeek are tending the garden of China’s AI aspirations

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

China’s AI arms race sees sector brace for major flagship model launch week

China’s AI sector is bracing for a monumental week, with a flurry of anticipated model releases. Photo: Shutterstock

Tech

The AI future is now, and markets are reacting differently in the US and China

Software-as-a-service (SaaS) stocks came under pressure this week amid concerns their business models could be undermined in an AI-driven economy. Photo: AFP

China EVs

Chinese cars now can’t be sold for less than it costs to make them

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Cars are lined up for inspection at carmaker Great Wall Motor’s plant in Baoding, in northern China’s Hebei province, on November 24, 2025. Photo: Reuters

Tech Trends

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

A view of Hua Hong’s headquarters in Shanghai. Photo: Handout

Tech

China’s MiniMax releases AI model ‘designed for real-world productivity’

The logo of Chinese AI company MiniMax on a phone in Beijing last month. Photo: AFP
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MULTIMEDIA
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World’s first ‘biomimetic AI robot’ debuts in Shanghai

The robot, which is able to replicate human micro-expressions and walking postures, will be priced at 1.2 million yuan (US$173,000)
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The great AI schism: China and US are superpowers with very different playbooks

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The DeepSeek shock wave: China’s Sputnik moment

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The talent engine: powering China’s AI rise

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