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EngineAI showcased its first robotic dog at the Global AI Device Expo 2025 in Shenzhen. on May 22. Photo: Coco Feng
Artificial intelligence

AI hardware start-ups get fresh boost from Shenzhen’s US$1 billion funds

The Shenzhen government has launched funds of 5 billion yuan and 2 billion yuan dedicated to AI and robotics start-ups at the city’s AI expo.

Electric & new energy vehicles

Xiaomi’s YU7 SUV aims to dislodge Tesla’s bestselling Model Y from pole position

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Xiaomi

Xiaomi founder flexes semiconductor prowess with ‘very strong’ XRing O1 chip

E-commerce

Apple, Huawei, Xiaomi lead China’s top-500 ranking of consumer brands, report finds

The rankings were based on domestic consumers’ online purchase behaviour, according to a Peking University report.

The rankings showed Apple with a 100-point score, while Huawei and Xiaomi notched scores of 95.3 and 95.1, respectively. Photo: Shutterstock
The rankings showed Apple with a 100-point score, while Huawei and Xiaomi notched scores of 95.3 and 95.1, respectively. Photo: Shutterstock
Huawei

Malaysian government distances itself from AI project involving Huawei

The Malaysian AI project grabbed attention amid intensifying tech rivalry between Beijing and Washington.

Artificial intelligence

DeepSeek 2.0? Shanghai quant fund claims AI training breakthrough

Goku says in a paper submitted to the ‘AI Olympics’ that its training method is superior to those adopted by DeepSeek, OpenAI.

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Artificial intelligence

Chinese scientist behind supercomputer in orbit: ‘Put AI in space’

Space has once again become the frontier of scientific exploration, and AI should be part of it, says Zhejiang Lab director Wang Jian.

A Long March 2D rocket carrying a space computing satellite constellation blasts off from the Jiuquan Satellite Launch Centre in northwest China on May 14. Photo: Xinhua
A Long March 2D rocket carrying a space computing satellite constellation blasts off from the Jiuquan Satellite Launch Centre in northwest China on May 14. Photo: Xinhua
Artificial intelligence

OpenAI buys iPhone designer Jony Ive’s secretive hardware start-up

The ChatGPT maker wants its own hardware platform to avoid selling software through Apple iOS or Google’s Android, analysts say.

Blockchain

Bitcoin hits record high as US-China trade tensions ease

‘A target of US$150,000 in 2025 is still very much on the cards,’ one analyst says.

Artificial intelligence

Meet Chinese start-up Xreal, Google’s partner in AR glasses project

Project Aura provides a big boost to Xreal’s credentials in the smart glasses arena, while widening its reach in the international market.

The Project Aura eyewear from Xreal and Google is expected to compete with other augmented reality spectacles from the likes of Meta Platforms, Orion and Artemis. Photo: Handout
Robotics

China’s army of robot makers jostle for attention in overcrowded market

Distributors in the US are now more willing to negotiate on purchases given that tariffs have been lowered.

Service robots are demonstrated at the Canton Fair in Guangzhou, Guangdong province on April 16, 2025. Photo: AP
Service robots are demonstrated at the Canton Fair in Guangzhou, Guangdong province on April 16, 2025. Photo: AP
Biomedicine: Companies

Chinese biotech firm secures Pfizer deal despite trade tensions

Pfizer will produce the drug, which targets lung and colorectal cancers, in the US and take a US$100 million stake in China’s 3SBio.

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Alibaba

Alibaba lands US$250 million convertible bonds deal with selfie app giant Meitu

The strategic collaboration is expected to serve as ‘the foundation of a long-term partnership’ between Meitu and Alibaba.

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Artificial intelligence

China accuses ‘AI tigers’ Zhipu, Moonshot of collecting excessive data

Zhipu’s ChatGLM and Moonshot’s Kimi have a combined total of nearly 35 million monthly active users.

Zhipu AI CEO Zhang Peng speaks on stage during the company’s developers’ day in Beijing in January 2024. Photo: Sohu/AGI元年
Artificial intelligence

Google unveils flurry of upgrades as AI threatens search business

The tech giant has announced an AI mode for all search users in the US, as well as more advanced capabilities via subscriptions.

Google CEO Sundar Pichai addresses the crowd during the company’s annual I/O developers conference in Mountain View, California, on Tuesday. Photo: AFP
Google CEO Sundar Pichai addresses the crowd during the company’s annual I/O developers conference in Mountain View, California, on Tuesday. Photo: AFP
Artificial intelligence

Alibaba and DeepSeek’s home province aims to become AI hub through big spending

A new plan from the Zhejiang government will see billions of yuan spent through 2027 to support AI companies and attract ‘top talent’.

E-commerce

Alibaba.com sees jump in US buyer activity after US-China tariff truce

Inquiries from the US on Alibaba’s B2B marketplace surged over 40 per cent the week after Washington and Beijing hit pause on the trade war.

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Smartphones

China smartphone exports to US, including iPhones, plunge to lowest since 2011

China’s smartphone exports slid 72 per cent to just under US$700 million in April, as Trump’s tariffs campaign disrupts tech supply chains.

The drop in China’s smartphone exports to the US underscores how Trump’s tariffs are choking off the flow of big-ticket goods between the two countries. Photo: Shutterstock
The drop in China’s smartphone exports to the US underscores how Trump’s tariffs are choking off the flow of big-ticket goods between the two countries. Photo: Shutterstock
Semiconductors

Nvidia CEO Jensen Huang calls US ban on H20 AI chip ‘deeply painful’

Huang said AI was a ‘full-stack thing’, which meant protecting one layer at the expense of everything else was ‘nonsensical’.

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Semiconductors

Xiaomi’s new 3-nanometre chip takes on rival products from Apple, Qualcomm

The chip marks another milestone for China’s technology self-sufficiency drive amid tightened US export controls on advanced semiconductors.

Xiaomi

Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says

Lei said Xiaomi has allocated US$6.9 billion for semiconductor development in China over a 10-year period.

Xiaomi is sharpening its focus on semiconductor development in China. Photo: Shutterstock
Semiconductors

Nvidia’s Huang teases new Taiwan office, supercomputer plans in Computex speech

In his keynote speech at Computex in Taipei, Jensen Huang said Nvidia secured a lease for a new property and is partnering with local firms, including Foxconn.

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Nvidia co-founder and CEO Jensen Huang delivers a keynote speech for Computex 2025 in Taipei on May 19. Photo: AFP
Nvidia co-founder and CEO Jensen Huang delivers a keynote speech for Computex 2025 in Taipei on May 19. Photo: AFP
Robotics

China’s industrial robot output soars, as Unitree and UBTech take lead

Production of industrial robots in April outpaced increases seen in earlier months amid national enthusiasm around the technology.

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Electric & new energy vehicles

EV battery maker CATL seeks new growth in clean tech ahead of Hong Kong listing

The company is exploring overseas expansion opportunities and revving up its charging robot initiative through its subsidiary CharGo.

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Artificial intelligence

Hong Kong healthcare investor looks for biotech’s ‘DeepSeek moment’ in China

ORI Capital is planning a US$350 million fund to focus on Chinese biotech, with hopes that AI will help beat the market.

ORI Capital founder Simone Song Hong Fang, pictured at her Sun Hung Kai Centre office in Wan Chai on April 17, 2021, sees a big opportunity in biotechnology. Photo: Jonathan Wong
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech Trends

Huawei, UBTech team up to bring humanoid robots to factories and homes

UBTech’s Walker robot seen at the company’s offices in Shenzhen. Photo: Edmond So

Big Tech

AI hardware start-ups get fresh boost from Shenzhen’s US$1 billion funds

EngineAI showcased its first robotic dog at the Global AI Device Expo 2025 in Shenzhen. on May 22. Photo: Coco Feng

Big Tech

Xiaomi founder flexes semiconductor prowess with ‘very strong’ XRing O1 chip

The XRing O1 marks a breakthrough for Xiaomi in advanced chip design after the firm made its mark in the electric vehicle and smartphone sectors. Photo: Handout

Global Economy

Trump changed Biden’s AI chip rules. What now, will it affect China trade talks?

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The US last week rescinded the AI Diffusion Rule laid out by the Biden administration, two days before the policy was set to enter effect. Photo: AFP

Big Tech

Malaysian government distances itself from AI project involving Huawei

Huawei’s Ascend chips are seen as China’s domestic alternative to Nvidia’s powerful GPUs used for training AI models. Photo: Handout
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