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Changes in US trade policies have created significant pressure for merchants on PDD Holdings’ Temu shopping platform. Photo: Shutterstock
E-commerce

PDD faces profit challenge amid Trump tariffs, domestic e-commerce competition

‘Macroeconomic uncertainties and significant investments in the ecosystem’ are expected to continue affecting PDD’s earnings outlook, UBS analysts say.

Robotics

Honor enters robotics race after pledging US$10 billion AI investment

Alibaba

Alibaba’s healthcare AI model on par with senior physicians in medical exams

Artificial intelligence

Southern China’s Zhuhai backs new firm in race to be AI, robotics hub

The city also announced over US$80 million in subsidies, as local governments in China race to nurture the next DeepSeek.

A view of Zhuhai, Guangdong province in southern China. Photo: Edmond So
A view of Zhuhai, Guangdong province in southern China. Photo: Edmond So
Electric & new energy vehicles

Tesla’s brand is losing its shine, lagging BYD and Xiaomi: UBS poll

Tesla lost favour with global customers, with 18 per cent of buyers considering it their top pick last year, down from 22 per cent, UBS says.

TSMC

TSMC to open chip design centre in Munich amid Europe’s AI push

TSMC is building the US$11 billion microchip manufacturing plant through a joint venture, European Semiconductor Manufacturing Company.

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Tencent

Tencent raises K-pop exposure by buying BTS agency Hybe’s SM Entertainment stake

The nearly 10 per cent stake, valued at about US$180 million, would mark Tencent’s first major deal in South Korea’s music industry in years.

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Tencent Holdings is betting on the South Korean music industry’s continued growth, as it acquires a nearly 10 per cent stake in K-pop giant SM Entertainment. Photo: Shutterstock
Tencent Holdings is betting on the South Korean music industry’s continued growth, as it acquires a nearly 10 per cent stake in K-pop giant SM Entertainment. Photo: Shutterstock
E-commerce

Delivery war: Alibaba vies for Meituan’s on-demand throne in China

Alibaba’s Taobao Instant Commerce service and Ele.me have surpassed 40 million daily orders within a month of launch, the company says.

E-commerce

Temu-owner PDD Holdings misses quarterly revenue estimates

A prolonged property crisis in the world’s second-largest economy has cast a shadow over consumer spending.

Artificial intelligence

ByteDance upgrades Doubao AI app with real-time interactive video call function

The chatbot can now serve as a real-time interactive docent during a museum tour and an analyst when studying charts, graphs or videos.

Doubao’s real-time interactive video call function marks the latest progress made by ByteDance in generative artificial intelligence technology. Photo: Shutterstock
Xiaomi

Xiaomi refutes claims of using Arm-designed chip for XRing O1

Xiaomi’s first smartphone chip uses Arm’s Cortex cores, leading to speculation that it was using a customised solution from the British firm.

Xiaomi CEO Lei Jun speaks during the launch of the company’s XRing O1 chipset in Beijing on May 22. Photo: AFP
Xiaomi CEO Lei Jun speaks during the launch of the company’s XRing O1 chipset in Beijing on May 22. Photo: AFP
Semiconductors

Huawei pushes Ascend AI chip-based ‘Supernode’ architecture to developers

Huawei’s Supernode 384 computing architecture reflects the company’s efforts to overcome tightened US tech restrictions.

Robotics

Ready, set, fight: Unitree humanoid robots test skills in kickboxing competition

Unitree fielded four G1 humanoid robots in one-on-one kickboxing matches at an event held in Hangzhou, capital of eastern Zhejiang province.

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Alibaba

Alibaba’s Amap offers ride-hailing function catering to China’s foreign visitors

Amap’s ride-hailing feature, available on the platform’s English version, reflects support for China’s visa-free travel scheme.

Amap’s ride-hailing feature will initially accept users’ registered mainland, Hong Kong and Macau phone numbers. Photo: Shutterstock
Robotics

Chinese robot firms dazzle at Macau’s Beyond Expo amid AI boom

The significant presence of robotics companies underscores the intense domestic competition in the rapidly growing sector.

Beijing’s Noetix Robotics showcases a robot head at Beyond Expo that can simulate human facial expressions. Photo: Xinmei Shen
Beijing’s Noetix Robotics showcases a robot head at Beyond Expo that can simulate human facial expressions. Photo: Xinmei Shen
Alibaba

Alibaba CEO doubles down on plans for ‘unified global cloud network’

Eddie Wu sees Alibaba Cloud providing the ‘best AI technical services’ to support Chinese enterprises’ global expansion.

Electric & new energy vehicles

BYD overtakes Tesla in Europe for the first time as sales jump 169% in April

Shenzhen-based BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics.

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Apple

Apple aims to launch smart glasses in 2026 in push into AI devices

The iPhone maker is looking to join the emerging trend of AI-powered devices – an area where it faces fresh competition.

Apple is panning its first pair of smart glasses for 2026, sources say. Photo: Reuters
Apple is panning its first pair of smart glasses for 2026, sources say. Photo: Reuters
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

Sales of the much-anticipated vehicle, which has a driving range of 835km, will start in July at prices that have yet to be announced.

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Xiaomi

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

The XRing O1’s launch marked the culmination of Xiaomi’s four-year-long journey to develop an advanced chip to rival those from Apple.

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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
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.

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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
China Future Tech
HIGHLIGHTS FROM
China Future Tech

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

Science

China plans to arm Tiangong space station with self-defence bots: scientist

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If an intruder approaches Chinese space infrastructure, such as its space station, researcher Sun Zhibin says operators “choose how to respond – whether by dodging, adjusting our orbit, or releasing a small robot to grab and redirect the object”. Photo: Xinhua

Tech Trends

Honor enters robotics race after pledging US$10 billion AI investment

An Honor store in Shanghai, China, on July 31, 2022. Photo: Shutterstock Images

Global Economy

China, EU semiconductor firms meet to enhance supply-chain security amid ‘bullying’

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A worker handles materials during the semiconductor-production process in China’s Shandong province. Photo: AFP

Tech Trends

Alibaba’s healthcare AI model on par with senior physicians in medical exams

An ad for Alibaba’s Quark is displayed on a 3D screen at a shopping district in Chongqing city, China. Photo: Weibo
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