https://www.scmp.com/rss/319482/feed Coco Feng joined the Post in 2019, covering the technology and internet sector from the Greater Bay Area. Previously, she worked at the Post's Beijing bureau. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Coco Feng Coco Feng Shenzhen residents have been encouraged to work from home and reduce their driving during the coming Asia-Pacific Economic Cooperation (Apec) summit, as the local government unveiled logistics arrangements for one of the year’s biggest events. The measures included “flexible work arrangements” and “green travel policies”, as the city seeks to balance “high-standard support for foreign affairs activities” and “smooth operation of the economy and society”, Chan Yaodong, deputy secretary general of... https://www.scmp.com/economy/article/3371029/shenzhen-offers-discount-fares-other-perks-keep-residents-roads-during-apec-summit https://www.scmp.com/economy/article/3371029/shenzhen-offers-discount-fares-other-perks-keep-residents-roads-during-apec-summit Thu, 15 Oct 2026 11:00:16 +0000 Coco Feng Coco Feng Chinese memory chip giant ChangXin Memory Technologies (CXMT) has reported “key progress” on a new cell architecture to boost memory density, an innovation that competitors such as Samsung Electronics and SK Hynix are also working on. CXMT planned to roll out a new server-memory product based on the structure by the end of 2026, president Cao Kanyu said at an industrial event in Shanghai over the weekend, according to a company statement. At the centre of the development is the “4F square”... https://www.scmp.com/tech/big-tech/article/3370505/chinas-cxmt-unveils-key-progress-chip-structure-pursued-samsung-sk-hynix https://www.scmp.com/tech/big-tech/article/3370505/chinas-cxmt-unveils-key-progress-chip-structure-pursued-samsung-sk-hynix Mon, 12 Oct 2026 00:30:13 +0000 Coco Feng Coco Feng Apple executive chairman Tim Cook has begun his third visit to China this year, following the launch of the iPhone 18 Pro line-up and the iPhone Duo, the company’s first foldable device, in one of its biggest markets. Cook met Meng Fanli, governor of the southern province of Guangdong, on Sunday and said Apple was willing to expand its presence, including in smart manufacturing and sales channels. As an important manufacturing powerhouse, Guangdong had been essential to Apple’s growth in China,... https://www.scmp.com/tech/tech-trends/article/3370500/apples-tim-cook-kicks-china-visit-amid-mixed-signals-new-iphone-demand https://www.scmp.com/tech/tech-trends/article/3370500/apples-tim-cook-kicks-china-visit-amid-mixed-signals-new-iphone-demand Sun, 11 Oct 2026 13:00:09 +0000 Coco Feng Coco Feng US chip giant Qualcomm has agreed to pay to licence and acquire patents from China’s Huawei Technologies for the first time as part of a “multi-year, broad patent licence agreement” covering 5G, computing and artificial intelligence. The deal involved cross-licensing between both firms’ patent portfolios, the Shenzhen-based firm said in a statement on Monday, adding that it included Qualcomm’s purchase of specific Huawei US patents across compute, AI, networking and other technologies. The... https://www.scmp.com/tech/tech-trends/article/3369748/huawei-qualcomm-strike-multi-year-patent-agreement-across-5g-ai https://www.scmp.com/tech/tech-trends/article/3369748/huawei-qualcomm-strike-multi-year-patent-agreement-across-5g-ai Mon, 05 Oct 2026 06:00:10 +0000 Coco Feng Coco Feng Chinese artificial intelligence start-up DeepSeek on Wednesday open-sourced a suite of core tools tailored for Huawei Technologies’ Ascend AI chips, marking a step forward in the country’s push to end dependence on processors from US giant Nvidia amid US export curbs. Hangzhou-based DeepSeek released six software modules that mirror its prior open-source tools for Nvidia’s AI chips, aiming to build a new “independent and controllable” software ecosystem for graphics processing units (GPUs),... https://www.scmp.com/tech/tech-trends/article/3369301/chinas-deepseek-open-sources-tools-help-huawei-chips-supplant-nvidia-ai https://www.scmp.com/tech/tech-trends/article/3369301/chinas-deepseek-open-sources-tools-help-huawei-chips-supplant-nvidia-ai Wed, 30 Sep 2026 06:31:08 +0000 Coco Feng Coco Feng Shares of Shein Global Holdings fell as much as 14 per cent to a record low in Hong Kong on Tuesday after the online fashion retailer posted a 67 per cent drop in second-quarter profit in its first earnings report since listing, warning that tariff headwinds and logistics cost volatility would persist for the rest of the year. The stock sank to as low as HK$30.24 during the day and closed 10.7 per cent down at HK$31.50. Both the intraday and closing prices hit their lowest levels since the... https://www.scmp.com/tech/article/3369136/shein-drops-14-record-low-after-profit-misses-first-results-hong-kong-ipo https://www.scmp.com/tech/article/3369136/shein-drops-14-record-low-after-profit-misses-first-results-hong-kong-ipo Tue, 29 Sep 2026 03:53:21 +0000 Coco Feng Coco Feng When Chinese artificial intelligence developers want to train their next-generation frontier models, they all face the same daunting wall: they cannot legally buy the world’s most powerful AI chips. However, the country’s tech giants and start-ups have still managed to quietly keep pace with global rivals. Their secret is an elusive workaround: moving heavy training workloads across borders through the cloud. By setting up proxy entities in foreign jurisdictions, domestic firms have for years... https://www.scmp.com/tech/big-tech/article/3368011/us-weighs-restrictions-cloud-computing-how-will-chinas-ai-sector-adapt https://www.scmp.com/tech/big-tech/article/3368011/us-weighs-restrictions-cloud-computing-how-will-chinas-ai-sector-adapt Mon, 21 Sep 2026 02:00:26 +0000 Howard Liu,Iris Deng,Coco Feng Howard Liu,Iris Deng,Coco Feng Huawei Technologies said on Thursday that it would launch its next-generation artificial intelligence chip in the first quarter of 2027, moving the target launch forward by nine months as the firm aggressively expands its ecosystem amid China’s self-sufficiency push. David Wang Tao, rotating and acting chairman for Huawei, said on Thursday that the Ascend 960DT chip, an AI chip designed for model training, “with performance doubling”, would be “ready in the first quarter of 2027”, three quarters... https://www.scmp.com/tech/big-tech/article/3367832/huawei-quickens-ai-chip-pace-promises-next-entrant-3-quarters-early https://www.scmp.com/tech/big-tech/article/3367832/huawei-quickens-ai-chip-pace-promises-next-entrant-3-quarters-early Thu, 17 Sep 2026 06:36:28 +0000 Coco Feng Coco Feng Shein Global Holdings saw its shares plummet to their lowest level since listing two weeks ago, falling as much as 10 per cent in Hong Kong trading on Monday, slammed by an “underperform” rating from Jefferies and product safety recalls in Australia and New Zealand. Shein closed down 9 per cent to HK$36.40 on Monday, the lowest since its September 1 debut on the Hong Kong stock exchange. The high-profile stock has been on a downward spiral and is now 25 per cent lower than its initial public... https://www.scmp.com/tech/tech-trends/article/3367453/shein-shares-drop-lowest-ipo-amid-underperform-rating-contact-lens-recall https://www.scmp.com/tech/tech-trends/article/3367453/shein-shares-drop-lowest-ipo-amid-underperform-rating-contact-lens-recall Mon, 14 Sep 2026 09:18:22 +0000 Coco Feng Coco Feng Chinese artificial intelligence start-up Moonshot AI, developer of the popular Kimi K3 model, may explore options for dual listings in Hong Kong and Shanghai in pursuit of greater capital and exposure, according to two people familiar with the matter. Since a meeting with its financial backers in July, when the Beijing-based company negotiated detailed arrangements for an initial public offering in Hong Kong, it has hinted at options to also list on a mainland bourse afterwards, one source... https://www.scmp.com/tech/tech-trends/article/3367027/kimi-maker-moonshot-ai-explore-dual-hong-kong-and-shanghai-ipos-boost-capital-sources https://www.scmp.com/tech/tech-trends/article/3367027/kimi-maker-moonshot-ai-explore-dual-hong-kong-and-shanghai-ipos-boost-capital-sources Thu, 10 Sep 2026 07:50:14 +0000 Coco Feng,Minxiao Chang Coco Feng,Minxiao Chang Apple’s long-awaited entry into the foldable smartphone market, the iPhone Duo, has drawn immediate attention in China over its eye-watering price tag and exclusive dual-eSIM design, as the American tech giant targets entrenched domestic rivals Huawei Technologies and Xiaomi. Unveiled on Wednesday, the iPhone Duo – Apple’s thinnest and most expensive flagship model yet – captured the attention of Chinese consumers with its smooth transition between inner and outer displays. By Thursday morning,... https://www.scmp.com/tech/tech-trends/article/3367021/apple-enters-crowded-foldable-smartphone-market-china-can-it-beat-huawei https://www.scmp.com/tech/tech-trends/article/3367021/apple-enters-crowded-foldable-smartphone-market-china-can-it-beat-huawei Thu, 10 Sep 2026 07:13:25 +0000 Coco Feng Coco Feng As China’s southern tech hub Shenzhen gears up to host November’s Asia-Pacific Economic Cooperation (Apec) summit, its province, Guangdong, is making sure its technological prowess is also receiving global attention. At Saturday’s Asia-Pacific Media Forum, a major media gathering before the summit, a hall was packed with hi-tech products from the province, including a BYD car, DJI drones and Tencent Holdings’ artificial intelligence products, as well as smartphones from Honor and Vivo. Before... https://www.scmp.com/tech/article/3366713/byd-cars-dji-drones-guangdong-showcases-tech-prowess-ahead-apec-summit https://www.scmp.com/tech/article/3366713/byd-cars-dji-drones-guangdong-showcases-tech-prowess-ahead-apec-summit Tue, 08 Sep 2026 05:00:14 +0000 Coco Feng Coco Feng Huawei Technologies has unveiled its first smartphone powered by a next-generation mobile processor based on the company’s proprietary Tau Scaling Law, continuing its push to boost chip performance while reducing reliance on advanced foreign semiconductor equipment. Speaking at a launch event in Guangzhou on Monday, Richard Yu Chengdong, chairman of Huawei’s consumer business group, described the Kirin 9050 Pro as the company’s “most powerful Kirin chip ever”. The processor is based on Huawei’s... https://www.scmp.com/tech/tech-trends/article/3366650/huawei-unveils-new-trifold-smartphone-powered-tau-scaling-law-based-kirin-chip https://www.scmp.com/tech/tech-trends/article/3366650/huawei-unveils-new-trifold-smartphone-powered-tau-scaling-law-based-kirin-chip Mon, 07 Sep 2026 10:32:07 +0000 Coco Feng Coco Feng Media outlets across the Asia-Pacific region have gathered in Shenzhen to deepen collaboration on content, talent and technology ahead of the coming Asia-Pacific Economic Cooperation (Apec) summit in the southern Chinese city. Hundreds of media representatives witnessed the launch of several partnerships at the Asia-Pacific Media Forum, which opened in Shenzhen on Saturday after two days of sub-forums in other Guangdong cities as part of a series of events marking the 2026 Apec “China... https://www.scmp.com/economy/global-economy/article/3366482/asia-pacific-media-outlets-forge-new-partnerships-ahead-shenzhen-apec-summit https://www.scmp.com/economy/global-economy/article/3366482/asia-pacific-media-outlets-forge-new-partnerships-ahead-shenzhen-apec-summit Sat, 05 Sep 2026 10:03:07 +0000 Coco Feng Coco Feng A Chinese court’s order to freeze 2.14 billion yuan (US$318 million) in Nexperia-affiliated assets has cemented the operational independence of its Chinese manufacturing engine from its European headquarters, leaving its local facilities increasingly isolated amid a prolonged custody battle. The Dongguan Intermediate People’s Court in the southern province of Guangdong, where Nexperia’s biggest assembly and test plant is located, has frozen the equity interests in four subsidiaries owned by the... https://www.scmp.com/tech/article/3365996/whats-next-after-china-court-freezes-us318m-nexperia-assets-amid-wingtech-battle https://www.scmp.com/tech/article/3365996/whats-next-after-china-court-freezes-us318m-nexperia-assets-amid-wingtech-battle Tue, 01 Sep 2026 13:30:07 +0000 Coco Feng Coco Feng Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company’s Hong Kong-listed shares on consecutive days, according to people familiar with the matter, a show of confidence in the firm’s long-term prospects for artificial intelligence. The purchases showed Ma’s “strong confidence for Alibaba to realise its AI ambitions and capture the long-term growth opportunities ahead”, one source said. Meanwhile, Alibaba chairman Joe Tsai and CEO Eddie Wu Yongming spent a... https://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources https://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources Tue, 25 Aug 2026 10:45:10 +0000 Coco Feng Coco Feng The China unit of Dutch chipmaker Nexperia has announced plans to shift its entire product line to a domestic 12-inch silicon wafer foundry, pursuing what it calls “independent operations” amid a nearly one-year-long dispute with its European headquarters. Speaking at a press conference themed “based in China, serve the world” on Sunday, Nexperia’s China team – which used to source wafers from the firm’s European fabrication plants – said it was moving towards “100 per cent domestic production”,... https://www.scmp.com/tech/tech-war/article/3365049/nexperias-china-unit-pivots-domestic-12-inch-wafers-pursuit-100-independence https://www.scmp.com/tech/tech-war/article/3365049/nexperias-china-unit-pivots-domestic-12-inch-wafers-pursuit-100-independence Mon, 24 Aug 2026 08:12:26 +0000 Xinmei Shen,Coco Feng Xinmei Shen,Coco Feng The top two executives at Alibaba Group Holding bought a combined HK$120 million (US$15.3 million) worth of the company’s ordinary shares on Monday in a vote of confidence after the tech giant unveiled one of China’s biggest fundraising rounds dedicated to AI. The share placement, the first since Alibaba’s listing in Hong Kong in 2019, was oversubscribed three times amid strong investor sentiment, according to people familiar with the situation, reflecting what analysts said was “stronger growth... https://www.scmp.com/tech/big-tech/article/3365003/alibaba-sets-price-us102-billion-new-share-offer-fuel-ai-expansion https://www.scmp.com/tech/big-tech/article/3365003/alibaba-sets-price-us102-billion-new-share-offer-fuel-ai-expansion Mon, 24 Aug 2026 01:59:29 +0000 Coco Feng Coco Feng China’s southern manufacturing powerhouse of Guangdong province welcomed nearly 40 computer science students from Tsinghua University this week, part of a targeted push by local authorities to bridge a widening gap in China’s artificial intelligence race by attracting top-tier talent from Beijing. Despite raising two of China’s brightest minds in artificial intelligence – Moonshot AI founder Yang Zhilin and DeepSeek founder Liang Wenfeng – Guangdong failed to retain either. After graduating from... https://www.scmp.com/tech/big-tech/article/3364095/home-province-deepseek-moonshot-founders-seeks-retain-attract-future-ai-talent https://www.scmp.com/tech/big-tech/article/3364095/home-province-deepseek-moonshot-founders-seeks-retain-attract-future-ai-talent Sun, 16 Aug 2026 03:00:12 +0000 Sherry Wang,Coco Feng Sherry Wang,Coco Feng Tariffs of up to 100 per cent that Washington has announced on imported drones would result in a “lose-lose outcome” for the United States and China, analysts said, as the technology is increasingly taking centre stage in the countries’ tech and trade rivalry. The new levies will further complicate manufacturers’ efforts to shift production to third countries or regions, where supply chains are already affected by earlier trade restrictions imposed by both sides, they added. On Thursday, US... https://www.scmp.com/economy/global-economy/article/3364062/china-trumps-new-drone-tariffs-threaten-deepen-trade-rift-us https://www.scmp.com/economy/global-economy/article/3364062/china-trumps-new-drone-tariffs-threaten-deepen-trade-rift-us Fri, 14 Aug 2026 12:00:09 +0000 Coco Feng Coco Feng China’s richest province has deepened its partnership with technology giant Alibaba Group Holding, eyeing a broad digital upgrade spanning artificial intelligence, semiconductors, and smart public services. Under a strategic cooperation framework agreement signed on Thursday in Guangzhou, capital of Guangdong province in southern China, the Hangzhou-based firm planned to increase its investments in computing power, AI models and digital services, according to a report by local state media... https://www.scmp.com/tech/policy/article/3364053/chinas-richest-province-taps-alibaba-power-its-ai-and-chip-push https://www.scmp.com/tech/policy/article/3364053/chinas-richest-province-taps-alibaba-power-its-ai-and-chip-push Fri, 14 Aug 2026 09:15:43 +0000 Howard Liu,Coco Feng Howard Liu,Coco Feng Chinese artificial intelligence (AI) chip developer Moore Threads plans to seek a listing in Hong Kong after reporting a 147 per cent jump in first-half revenue, as the Nvidia challenger seeks fresh capital amid booming demand for home-grown computing power. The Shanghai-listed company said on Sunday that its board had approved a plan to issue H shares and list on the main board of the Hong Kong stock exchange, a move designed to deepen the firm’s “international strategic footprint”, attract and... https://www.scmp.com/tech/tech-trends/article/3363448/moore-threads-plans-hong-kong-listing-after-posting-147-jump-first-half-revenue https://www.scmp.com/tech/tech-trends/article/3363448/moore-threads-plans-hong-kong-listing-after-posting-147-jump-first-half-revenue Sun, 09 Aug 2026 11:20:44 +0000 Coco Feng,Huizhao Huang Coco Feng,Huizhao Huang China’s factory-gate prices growth slowed in July, as lower domestic fuel prices eased cost pressures triggered by the US-Israel war on Iran, while high temperatures dragged manufacturing. The producer price index (PPI) rose by 3.5 per cent year on year last month, compared with 4.1 per cent in June, according to data released by the National Bureau of Statistics (NBS) on Sunday. The reading fell short of a projection of 3.98 per cent from economists polled by financial data provider Wind. On a... https://www.scmp.com/economy/china-economy/article/3363421/chinas-factory-gate-prices-growth-slow-35-july-amid-lower-fuel-prices https://www.scmp.com/economy/china-economy/article/3363421/chinas-factory-gate-prices-growth-slow-35-july-amid-lower-fuel-prices Sun, 09 Aug 2026 02:54:24 +0000 Ben Jiang,Coco Feng Ben Jiang,Coco Feng Chinese unicorn Moonshot AI has started and is expected to close its latest financing round by the end of this month, as it dismantles its offshore structure to pave the way for a potential Hong Kong initial public offering (IPO) as early as the end of the year, according to two sources familiar with the matter. The company was expected to raise capital at a valuation of up to US$50 billion in this latest round, one of the sources said. The South China Morning Post, citing sources, reported last... https://www.scmp.com/tech/big-tech/article/3363026/chinas-moonshot-ai-aims-us50b-round-year-end-hong-kong-ipo-targeted-sources https://www.scmp.com/tech/big-tech/article/3363026/chinas-moonshot-ai-aims-us50b-round-year-end-hong-kong-ipo-targeted-sources Wed, 05 Aug 2026 07:24:12 +0000 Coco Feng,Ben Jiang Coco Feng,Ben Jiang Chinese start-up X Square Robot has filed confidentially for an initial public offering (IPO) in Hong Kong, according to two sources familiar with the matter, joining a growing wave of domestic robot makers flocking to capital markets, despite new US trade restrictions. The Shenzhen-based firm has tapped Huatai Securities and Morgan Stanley as sponsors for the prospective float, one of the sources said. Besides X Square, AgiBot and Galbot have also filed confidentially for Hong Kong IPOs, the... https://www.scmp.com/tech/tech-war/article/3363028/chinas-x-square-robot-submits-confidential-filing-hong-kong-ipo-sources-say https://www.scmp.com/tech/tech-war/article/3363028/chinas-x-square-robot-submits-confidential-filing-hong-kong-ipo-sources-say Wed, 05 Aug 2026 07:22:03 +0000 Coco Feng Coco Feng A Chinese physical AI start-up’s brief claim to global dominance in robotics has run into controversy, underscoring the intense US-China competition to develop next-generation artificial intelligence and the challenges of evaluating autonomous systems. In June, Spirit AI, a Hangzhou, Zhejiang province-based firm founded in 2024, briefly overtook United States tech giant Nvidia to take the top spot on RoboArena – a global benchmark for physical AI – with its new Spirit v1.6 model, launched at the... https://www.scmp.com/tech/tech-war/article/3362923/has-chinese-physical-ai-start-manipulated-global-ranking-beat-nvidia https://www.scmp.com/tech/tech-war/article/3362923/has-chinese-physical-ai-start-manipulated-global-ranking-beat-nvidia Tue, 04 Aug 2026 10:30:06 +0000 Coco Feng Coco Feng Doctoral researcher Hu Qi still has about two years left in his programme at the University of Hong Kong, but headhunters are already reaching out to pitch specific jobs and ask when he will graduate. Hu, who specialises in artificial intelligence agent security, is currently interning at a Chinese tech giant where his team leaders regularly ask about his post-graduation plans, urging him to sign on full-time the moment he finishes his degree. His experience reflects a growing sense of urgency... https://www.scmp.com/tech/tech-trends/article/3362801/ai-talent-war-tech-giants-court-researchers-years-ahead-graduation https://www.scmp.com/tech/tech-trends/article/3362801/ai-talent-war-tech-giants-court-researchers-years-ahead-graduation Mon, 03 Aug 2026 14:00:24 +0000 Coco Feng,Wency Chen,Ann Cao Coco Feng,Wency Chen,Ann Cao Chinese tech investors are hearing warning bells after volatility in US tech stocks forced a fast-rising Wall Street hedge fund to clear its stock portfolio at a steep discount within a few days. “Don’t use leverage! Don’t use leverage! Don’t use leverage!” Shanghai-based public-markets analyst Harry Shen repeated to the South China Morning Post in an interview on Friday. Another warning came from Shanghai-based mainland Chinese stock market veteran Michael Zhang: “Don’t trade with borrowed... https://www.scmp.com/tech/tech-trends/article/3362574/how-sell-flashy-ai-focused-us-hedge-fund-wake-call-chinese-investors https://www.scmp.com/tech/tech-trends/article/3362574/how-sell-flashy-ai-focused-us-hedge-fund-wake-call-chinese-investors Fri, 31 Jul 2026 14:30:09 +0000 Coco Feng Coco Feng ByteDance has integrated its enterprise collaboration unit into other teams, a move that sharpens its focus on using artificial intelligence to serve corporate clients as annualised AI revenue of US$4 billion pushes it to the front of the pack in China, according to sources. The Beijing-based company decided to integrate the product team of office tool Lark, known as Feishu domestically, into the product team in charge of the Doubao AI chatbot, according to an internal memo seen by the South... https://www.scmp.com/tech/article/3362417/bytedances-us4b-projected-ai-revenue-tops-china-it-restructures-office-tool-lark https://www.scmp.com/tech/article/3362417/bytedances-us4b-projected-ai-revenue-tops-china-it-restructures-office-tool-lark Thu, 30 Jul 2026 12:30:16 +0000 Coco Feng,Minxiao Chang,Xinmei Shen Coco Feng,Minxiao Chang,Xinmei Shen China’s Moonshot AI has made its latest artificial intelligence model Kimi K3 available for public download, as its open-source strategy and more support for non-Nvidia ecosystems trigger heated debates across Silicon Valley. On Monday, the Chinese AI start-up not only released the model’s “weights” – the underlying parameters that encode its intelligence – but also made available key infrastructure, including tools to improve efficiency and stability. The move has allowed developers around the... https://www.scmp.com/tech/article/3362143/moonshots-kimi-k3-triggers-silicon-valley-debate-over-bans-chinese-open-source-models https://www.scmp.com/tech/article/3362143/moonshots-kimi-k3-triggers-silicon-valley-debate-over-bans-chinese-open-source-models Tue, 28 Jul 2026 12:00:13 +0000 Coco Feng Coco Feng In an era dominated by aggressive tech founders who chase billion-dollar valuations and maximal profits while curating loud public profiles, Liang Wenfeng stands out for his insistence on staying in the background. With only a couple of photographs of him circulating online, the founder of Chinese artificial intelligence start-up DeepSeek and quantitative hedge fund High-Flyer Quant has long been a reclusive figure. But last week, a leaked transcript of a closed-door meeting with potential... https://www.scmp.com/tech/tech-trends/article/3361731/low-profile-high-ai-ambition-what-leaked-comments-reveal-about-deepseeks-liang-wenfeng https://www.scmp.com/tech/tech-trends/article/3361731/low-profile-high-ai-ambition-what-leaked-comments-reveal-about-deepseeks-liang-wenfeng Sun, 26 Jul 2026 12:00:08 +0000 Zoe SL Chan,Coco Feng Zoe SL Chan,Coco Feng Fast-growing Chinese robot maker AgiBot is pursuing an initial public offering in Hong Kong and has hired Citic Securities as a sponsor, according to two people familiar with the matter. Additionally, China International Capital Corporation (CICC) and Morgan Stanley have also been tapped as joint sponsors, one of the people said. Shanghai-based AgiBot had shown signs that it was looking to list following its restructuring from a limited liability company to a joint-stock limited firm last year,... https://www.scmp.com/tech/article/3361444/chinese-robot-maker-agibot-pursues-hong-kong-ipo-hiring-three-sponsors-sources https://www.scmp.com/tech/article/3361444/chinese-robot-maker-agibot-pursues-hong-kong-ipo-hiring-three-sponsors-sources Wed, 22 Jul 2026 07:09:56 +0000 Howard Liu,Coco Feng Howard Liu,Coco Feng Ant International, the affiliate of Chinese fintech giant Ant Group, has raised about US$1.2 billion in a Series A funding round to fuel its global expansion, the company said on Tuesday. Existing backers Ant Group and Alibaba Group Holding joined the equity financing alongside several international institutional investors, whose identities were not disclosed. The fresh capital would be used to accelerate the firm’s international growth and drive innovation in merchant payments, account... https://www.scmp.com/tech/article/3361287/fintech-firm-ant-international-raises-us12b-fuel-global-growth https://www.scmp.com/tech/article/3361287/fintech-firm-ant-international-raises-us12b-fuel-global-growth Tue, 21 Jul 2026 03:23:52 +0000 Coco Feng Coco Feng China’s market regulator is poised to announce the outcome of its months-long antitrust investigation into Trip.com Group, the country’s largest online travel services provider, as soon as this week, according to three people familiar with the matter. The probes, launched in January by the State Administration for Market Regulation (SAMR), could be concluded as early as Monday, one of the people said. The company could face a fine of between 2 billion yuan (US$295 million) and 6 billion yuan,... https://www.scmp.com/tech/policy/article/3361157/tripcom-faces-verdict-china-wrap-antitrust-probes-soon-week-sources https://www.scmp.com/tech/policy/article/3361157/tripcom-faces-verdict-china-wrap-antitrust-probes-soon-week-sources Mon, 20 Jul 2026 05:00:11 +0000 Coco Feng Coco Feng Alibaba Group Holding has previewed its next-generation artificial intelligence model Qwen3.8, which the company says is “second only” to Anthropic’s Claude Fable 5. Qwen3.8-Max-Preview, the preview version of the strongest model of the Qwen family, had been made available on Alibaba’s Token Plan subscription service, as well as its Qoder and QoderWork agentic platforms, the Chinese tech giant said on an official X post on Sunday. With 2.4 trillion parameters, it was “one of the most powerful... https://www.scmp.com/tech/article/3361119/alibaba-says-newest-qwen-ai-model-second-only-anthropics-claude-fable-5 https://www.scmp.com/tech/article/3361119/alibaba-says-newest-qwen-ai-model-second-only-anthropics-claude-fable-5 Sun, 19 Jul 2026 13:20:24 +0000 Zoe SL Chan,Coco Feng Zoe SL Chan,Coco Feng Online fast-fashion giant Shein has cleared its listing hearing with the Hong Kong stock exchange, according to people familiar with the matter, bringing it a step closer to an initial public offering (IPO) after attempts to float in New York and London stalled. The Singapore-headquartered company, founded in China, attended its listing hearing with Hong Kong Exchanges and Clearing (HKEX) on Thursday, sources said. Zhongji Innolight, a leading Chinese optical module manufacturer with a market... https://www.scmp.com/business/companies/article/3360940/shein-passes-hearing-hong-kong-listing-valuation-halves-below-us50b-sources-say https://www.scmp.com/business/companies/article/3360940/shein-passes-hearing-hong-kong-listing-valuation-halves-below-us50b-sources-say Fri, 17 Jul 2026 08:34:19 +0000 Coco Feng Coco Feng Companies backed by the state and provincial governments in China have announced new funds to focus on the semiconductor industry, which requires a large amount of time and resources to grow, at a time when the country is in need of more “patient capital”. China Life Insurance, the country’s largest life insurer, backed by the State Council, said it would establish a partnership with total capital of 5 billion yuan (US$737 million) that “principally invests in companies operating in the... https://www.scmp.com/tech/article/3360269/chinese-state-owned-firms-set-semiconductor-funds-amid-calls-patient-capital https://www.scmp.com/tech/article/3360269/chinese-state-owned-firms-set-semiconductor-funds-amid-calls-patient-capital Sun, 12 Jul 2026 12:00:17 +0000 Coco Feng,Sylvia Ma Coco Feng,Sylvia Ma Online retail giant Shein Global Holdings has secured approval from the China Securities Regulatory Commission (CSRC) to seek an initial public offering in Hong Kong, a long-awaited step for the firm after its attempts to list in New York or London stalled. The firm plans to issue up to 341.6 million shares and list on the Hong Kong stock exchange, according to a Friday statement by the CSRC. Shein previously sought to go public in New York or London, according to earlier media reports, but... https://www.scmp.com/tech/big-tech/article/3360165/shein-receives-approval-hong-kong-ipo-chinese-regulators https://www.scmp.com/tech/big-tech/article/3360165/shein-receives-approval-hong-kong-ipo-chinese-regulators Fri, 10 Jul 2026 11:42:20 +0000 Coco Feng,Ben Jiang,Wency Chen Coco Feng,Ben Jiang,Wency Chen For months, the United States and China have been locked in an unusual stand-off over cutting-edge chips – the building blocks of the artificial intelligence industry. In early 2026, Washington took the rare step of approving Nvidia’s H200 graphics processing unit for export to China, but Beijing has deliberately restricted Chinese firms from purchasing them as it pursues a tech self-sufficiency drive. Now, however, China’s stance is beginning to change, as the government plans to let selected... https://www.scmp.com/tech/policy/article/3360027/game-changer-why-china-finally-letting-its-ai-firms-buy-nvidia-h200 https://www.scmp.com/tech/policy/article/3360027/game-changer-why-china-finally-letting-its-ai-firms-buy-nvidia-h200 Thu, 09 Jul 2026 14:12:16 +0000 Coco Feng Coco Feng Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery. The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by... https://www.scmp.com/tech/article/3359878/alibaba-shares-spike-12-hong-kong-t-head-chips-ai-revenue-fuel-earnings-optimism https://www.scmp.com/tech/article/3359878/alibaba-shares-spike-12-hong-kong-t-head-chips-ai-revenue-fuel-earnings-optimism Wed, 08 Jul 2026 12:30:13 +0000 Coco Feng Coco Feng China’s innovation ecosystem has witnessed a resurgence, minting 67 new unicorn start-ups in the first half of 2026 – the biggest increase in almost five years – as AI and robotics kick off a new investment cycle. The growth translates into an average of one new unicorn – private companies valued at US$1 billion or more – in less than every three days and was the highest since the second half of 2021 when 76 new unicorns were created, according to a Monday report by ITJuzi, a start-up... https://www.scmp.com/tech/article/3359629/china-records-most-new-unicorn-start-ups-5-years-ai-and-robotics-boom https://www.scmp.com/tech/article/3359629/china-records-most-new-unicorn-start-ups-5-years-ai-and-robotics-boom Tue, 07 Jul 2026 02:00:15 +0000 Coco Feng,Minxiao Chang Coco Feng,Minxiao Chang Elon Musk’s recent record-breaking SpaceX IPO has thrust the space economy into the financial mainstream, but mainland China’s trillion-yuan commercial space sector remains strikingly underinsured – a gap industry insiders say presents a rare opportunity for Hong Kong. On the mainland, only third-party liability insurance is mandatory for commercial space activities. Coverage for research and development, manufacturing, testing, launches and in-orbit operations remained largely optional,... https://www.scmp.com/tech/article/3358494/final-insurance-frontier-hong-kong-spots-opportunity-mainland-chinas-space-boom https://www.scmp.com/tech/article/3358494/final-insurance-frontier-hong-kong-spots-opportunity-mainland-chinas-space-boom Sun, 28 Jun 2026 13:00:10 +0000 Coco Feng Coco Feng A Chinese physical AI start-up has launched a new world model designed to simulate reality by embedding the laws of physics directly into its code – a departure from the data-driven approaches favoured by American tech giants like OpenAI and Meta Platforms. Shanghai-based Fysics AI announced the launch of the Fysiverse, which it described as a “new-generation physics-based world model that adheres to real-world physical laws”, in a post on its WeChat social media account on Wednesday. The... https://www.scmp.com/tech/tech-trends/article/3358346/chinese-physical-ai-start-proposes-new-paradigm-bypasses-openai-meta-road-maps https://www.scmp.com/tech/tech-trends/article/3358346/chinese-physical-ai-start-proposes-new-paradigm-bypasses-openai-meta-road-maps Thu, 25 Jun 2026 14:00:05 +0000 Coco Feng Coco Feng The fierce battle among China’s food delivery giants has moved beyond aggressive discounting, with market leader Meituan accused of paying merchants to provide negative information about a major rival, according to an investigative report by state-owned newspaper Shanghai Securities News. The controversy dates back to October 2025, when Beijing’s market regulator launched a campaign to curb unhealthy competition and price wars in the food delivery sector. The newspaper reported that Meituan paid... https://www.scmp.com/tech/article/3357945/how-chinas-delivery-giants-are-moving-price-wars-smears-official-media https://www.scmp.com/tech/article/3357945/how-chinas-delivery-giants-are-moving-price-wars-smears-official-media Mon, 22 Jun 2026 11:45:53 +0000 Minxiao Chang,Coco Feng Minxiao Chang,Coco Feng The market capitalisation of Hong Kong-listed artificial intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals. Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980. They subsequently retreated to a gain of 15.1 per cent, ending the day at HK$2,410. The stock has now surged more than 1,700... https://www.scmp.com/tech/article/3357858/zhipu-ai-market-cap-tops-hk1-trillion-shares-glm-52-developer-soar https://www.scmp.com/tech/article/3357858/zhipu-ai-market-cap-tops-hk1-trillion-shares-glm-52-developer-soar Mon, 22 Jun 2026 02:32:00 +0000 Coco Feng Coco Feng An artificial intelligence model recently deployed at the Hong Kong Observatory and mainland China’s National Meteorological Centre can solve one of the toughest challenges in weather forecasting: predicting when a typhoon will rapidly intensify. Li Qinglan, a professor at the Shenzhen Institutes of Advanced Technology (SIAT) who is leading the project, said the system was installed around three weeks ago and had provided “real-time updates on the progression of Typhoon Jangmi”. Jangmi, which... https://www.scmp.com/tech/article/3357567/chinese-ai-improves-forecasts-hong-kong-braces-super-typhoons https://www.scmp.com/tech/article/3357567/chinese-ai-improves-forecasts-hong-kong-braces-super-typhoons Fri, 19 Jun 2026 01:00:10 +0000 Coco Feng Coco Feng Police in mainland China have dismantled a coordinated, months-long smear campaign targeting major e-commerce platforms Alibaba Group Holding and JD.com, as Beijing continues to facilitate fair competition and improve the environment for the private sector. Both companies publicly praised the police in Chengdu, capital of China’s southwestern Sichuan province, for “combating online rumours” and “maintaining a clean and healthy online environment”, according to social media posts last week by... https://www.scmp.com/tech/article/3357140/chinese-police-smash-smear-campaign-targeting-alibaba-jdcom-ahead-shopping-festival https://www.scmp.com/tech/article/3357140/chinese-police-smash-smear-campaign-targeting-alibaba-jdcom-ahead-shopping-festival Mon, 15 Jun 2026 07:06:51 +0000 Coco Feng,Minxiao Chang Coco Feng,Minxiao Chang This is part of a series on the global impact of SpaceX’s historic IPO, tracing how mainland Chinese investors’ strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk’s trillion-dollar rocket gamble. In 2016, a SpaceX rocket carrying a satellite blew up during a test, destroying on-board equipment and surrounding facilities worth millions of US dollars. Fortunately, the satellite operator, Israel’s Space Communications, had an insurance policy worth almost... https://www.scmp.com/tech/article/3356718/who-pays-when-rockets-explode-china-insures-spacexs-rivals-orbital-race-against-us https://www.scmp.com/tech/article/3356718/who-pays-when-rockets-explode-china-insures-spacexs-rivals-orbital-race-against-us Thu, 11 Jun 2026 11:30:07 +0000 Coco Feng,Ann Cao,Ben Jiang Coco Feng,Ann Cao,Ben Jiang Microsoft is laying off hundreds of employees at its Azure cloud unit in China as the US technology giant navigates tightening data regulations in both Washington and Beijing, according to several of its employees. The move marks at least the third round of downsizing in the country by the company in two years. Five people affected by the move said that some Azure staff in Beijing and Shanghai received an email last week informing them their roles would be terminated. The people requested... https://www.scmp.com/tech/big-tech/article/3356501/microsoft-cuts-hundreds-cloud-jobs-mainland-china-us-tighten-data-laws-sources https://www.scmp.com/tech/big-tech/article/3356501/microsoft-cuts-hundreds-cloud-jobs-mainland-china-us-tighten-data-laws-sources Tue, 09 Jun 2026 08:58:43 +0000 Coco Feng Coco Feng A research team that includes Huawei Technologies says it has successfully used the firm’s Ascend 910C chips to complete post-training for the DeepSeek-V4-Pro model, marking a major step forward as China’s semiconductor industry tries to leap from supporting basic AI inference to more complex model training amid tightening US sanctions. While Chinese chipmakers have found success in supporting AI inference – the relatively simple process of running an already-finished model to answer user... https://www.scmp.com/tech/article/3356117/huawei-chips-refine-deepseek-model-major-leap-chinas-ai-self-reliance https://www.scmp.com/tech/article/3356117/huawei-chips-refine-deepseek-model-major-leap-chinas-ai-self-reliance Fri, 05 Jun 2026 12:00:12 +0000