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The ByteDance logo is seen at the company’s office building in Shanghai, July 4, 2023. Photo: Reuters
ByteDance

ByteDance valuation exceeds US$600 billion after proposed equity sale: sources

The seller originally had the valuation at US$550 billion, but raised the amount after multiple parties expressed interest, one source said.

Artificial intelligence

China taps offshore wind, subsea data centres to ease AI computing bottleneck

Artificial intelligence

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Artificial intelligence

Chinese AI giants pivot toward proprietary models to drive revenue, performance

This week, Alibaba released three proprietary models that were all accessible only via its official cloud platform or chatbot website.

People walk past the Alibaba Qwen booth at the Mobile World Congress in Barcelona, Spain, March 2, 2026. Photo: Xinhua
People walk past the Alibaba Qwen booth at the Mobile World Congress in Barcelona, Spain, March 2, 2026. Photo: Xinhua
Semiconductors

China’s No 3 foundry Nexchip files for Hong Kong listing to scale output

Wave of Chinese tech listings builds in Hong Kong as semiconductor groups scale up output.

Huawei

Huawei’s profit rises 8.6% in 2025 as overall performance remains steady

‘We are moving towards a future that is full of uncertainty, so we have to remain true to our strategy,’ rotating chairwoman Meng says.

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Artificial intelligence

Shenzhen activates China’s first 10,000-card AI cluster with Huawei’s chips

Hub launches new cluster built with Huawei advanced chips, delivering 11,000 petaflops of computing power in push for home-grown tech.

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Shenzhen has activated a new cluster, built with Huawei advanced chips, that delivers a computing capacity of 11,000 petaflops. Photo: Getty Images
Shenzhen has activated a new cluster, built with Huawei advanced chips, that delivers a computing capacity of 11,000 petaflops. Photo: Getty Images
Artificial intelligence

Xiaomi, Alibaba ramp up AI recruitment amid global talent war

AI-related positions account for more than 80 per cent of Alibaba’s open roles, up from around 60 per cent last year.

DeepSeek

‘I no longer knew how to work without it’: DeepSeek outage cuts off millions

Chinese AI start-up restores chatbot service by Monday morning after overnight disruption affects millions of users.

Artificial intelligence

What is Yuanjie, the Chinese chipmaker whose share price has soared nearly 900%?

Yuanjie’s rise underscores how China’s optical chip firms are riding the AI infrastructure boom, with data centre demand driving growth.

Many companies have capitalised on China’s AI infrastructure build-out. Photo: AFP
Semiconductors

Chinese analogue chipmakers raise prices as mature-node producers poised to gain

Higher prices give China’s mature-node producers room to compete with US, European rivals without sacrificing too much margin, analysts say.

A broader pricing wave has swept across the semiconductor supply chain. Photo: AFP
A broader pricing wave has swept across the semiconductor supply chain. Photo: AFP
Artificial intelligence

Alibaba to deploy AI ‘digital workforce’ for millions of merchants on Taobao, Tmal

OpenClaw frenzy accelerates shift to autonomous AI, as Alibaba equips merchants with always-on digital workers.

Semiconductors

China’s self-sufficiency drive hits new milestone with powerful RISC-V chips

The Xiangshan high-performance processor is the latest effort from China to push the boundaries with RISC-V architecture.

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Artificial intelligence

OpenClaw effect: explosion in AI token use adds fuel to Chinese AI development

Surging demand supports price increases that will sustain development of new and better models, Zhipu AI CEO says.

Zhang Peng, CEO of Zhipu AI (left), Xia Lixue, co-founder and CEO of Infinigence (centre) and Luo Fuli, head of the MiMo model at Xiaomi, speak at the Zhongguancun Forum in Beijing on Friday. Photo: Ben Jiang
Semiconductors

China’s top chip foundry SMIC unveils growth action plan

Firm aims for above-average growth this year under plan for ‘optimising existing stock and digging for new increments’.

People visit a display of semiconductor device at Semicon China, a trade fair for semiconductor technology, in Shanghai on March 17, 2021. Photo: Reuters
People visit a display of semiconductor device at Semicon China, a trade fair for semiconductor technology, in Shanghai on March 17, 2021. Photo: Reuters
Greater Bay Area

Greater Bay Area trails peers in research despite strong tech potential: report

Southern China cluster of cities lags in basic research and original innovation, with talent gaps adding to challenges, Deloitte says.

Artificial intelligence

Google’s TurboQuant dents memory-chip stocks, but analysts say ‘buy the dip’

Rather than reducing demand for memory chips, the advance could increase it by fuelling more AI applications.

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Mainland China

Meituan posts second consecutive quarterly loss amid instant commerce battle

The Beijing-based company had a challenging 2025 after local e-commerce giant JD.com jumped into food and grocery deliveries.

Meituan food delivery riders gather during a work break in Chongqing on November 21, 2025. Photo: Getty Images
Meituan food delivery riders gather during a work break in Chongqing on November 21, 2025. Photo: Getty Images
Semiconductors

Semicon China: AI, packaging set to drive country’s chip industry growth

China on track to account for nearly half of world wafer capacity in two years, organiser of world’s largest chip industry trade show says.

Pinduoduo

Pinduoduo operator’s profit slides as firm cites higher reinvestment

Results reflect a pivotal year for PDD Holdings, as breakneck growth gives way to more stable pace.

Artificial intelligence

China names Beijing, urban clusters as major tech hubs in self-reliance push

Vice-Premier Ding Xuexiang says national capital and its neighbours should become ‘world-class science centre’ at high-profile tech forum.

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This year’s Zhongguancun Forum is themed “Full Integration Between Technological and Industrial Innovation” and more than 1,000 guests from over 100 countries and regions are expected to participate. Photo: Xinhua
Autonomous vehicles

China’s WeRide eyes Hong Kong, Singapore roads for robotaxi services

Company plans to put self-driving taxis and buses on Hong Kong streets this year, while Singapore service starts April 1 through Grab.

WeRide’s planned entry into Hong Kong aims to cover both robotaxis and robobuses. Photo: Getty Images
WeRide’s planned entry into Hong Kong aims to cover both robotaxis and robobuses. Photo: Getty Images
Alibaba

Alibaba debuts what it calls most powerful CPU core of its kind

The launch comes as AI agents are becoming the latest battlefield for Chinese tech companies after OpenClaw took the industry by storm.

Electric & new energy vehicles

3 Chinese EV makers raise prices – but demand slowdown could force reversal

Xiaomi, Chery and FAW adjust prices amid surging chip and raw material costs, but analysts say soft sales could undermine gains.

Artificial intelligence

What is ‘tokenomics’ and how would China gain the edge in an AI era?

As tokens are positioned as the AI era’s commodity, China’s energy scale and low-cost models could give it a structural edge.

Jensen Huang at Nvidia’s annual GTC conference in San Jose, California, on March 17. Photo: AFP
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