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A general view of the VeriSilicon offices in Shanghai. Photo: Handout
Semiconductors

VeriSilicon’s quarterly revenue jumps 120% as AI computing demand fuels growth

AI computing accounted for 65 per cent of new orders in the third quarter, while new order volume rose 145.8 per cent year on year.

Xiaomi

Xiaomi’s initial 17-series handset sales ‘exceeded expectations’, CEO says

Artificial intelligence

Anthropic’s ‘anti-China’ stance triggers exit of star AI researcher

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Robotics

SoftBank strikes deal to acquire ABB’s robotics business for US$5.4 billion

The deal marks a significant push by SoftBank founder Masayoshi Son into robotics, as he expands investment after a period of retrenchment.

ABB’s robotics business generated sales of US$2.3 billion in 2024, equivalent to 7 per cent of the Swiss firm’s total revenue. Photo: Shutterstock
ABB’s robotics business generated sales of US$2.3 billion in 2024, equivalent to 7 per cent of the Swiss firm’s total revenue. Photo: Shutterstock
Artificial intelligence

Nvidia to invest in Musk’s xAI as part of US$20 billion funding

Nvidia is investing as much as US$2 billion in the equity portion of the deal, sources say.

Electric & new energy vehicles

China’s EV giants head overseas as domestic price war bites

China’s EV makers ship 2.01 million pure electric and plug-in hybrid vehicles overseas in the first eight months of the year.

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Bitcoin

Bitcoin, BNB hit new highs as global turmoil spurs flight to alternative assets

While the reaction of Chinese crypto enthusiasts was muted on mainland social media, many celebrated the token’s latest achievement on X.

Bitcoin passed the US$126,000 level on Monday before falling more than 1 per cent to below US$124,000 on Tuesday. Photo: Shutterstock Images
Bitcoin passed the US$126,000 level on Monday before falling more than 1 per cent to below US$124,000 on Tuesday. Photo: Shutterstock Images
Artificial intelligence

OpenAI lets ChatGPT users connect with Spotify, Booking.com in app

OpenAI now has more than 800 million weekly ChatGPT users, CEO Sam Altman says.

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Semiconductors

AMD shares surge after signing AI chip supply deal with OpenAI

The deal gives the ChatGPT creator the option to take up to a 10% stake in the Nvidia rival.

E-commerce

HungryPanda steers clear of price wars, prioritises quality and service

Compared with bigger rivals like Uber Eats or DoorDash, HungryPanda has to work with merchant partners to enhance packaging for Chinese food.

HungryPanda operates in markets with ‘less price sensitive’ consumers, according to the company’s director of public affairs. Photo: Handout
Artificial intelligence

China’s Kuaishou lures overseas users with ‘NSFW’ AI companions

The FantaSay service promises an ‘ultimate immersive chat experience’ with a variety of AI avatars.

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Kuaishou’s headquarters in Beijing. Photo: VCG via Getty Images
Kuaishou’s headquarters in Beijing. Photo: VCG via Getty Images
Artificial intelligence

Tencent’s AI image model beats Google’s Nano Banana in leaderboard

Released late in September, Hunyuan Image 3.0 is the industry’s biggest open-source image-generation model to date.

Start-ups

Australian AI healthcare start-up eyes Hong Kong, Singapore markets

The six-year-old firm plans to build a team of about 15 to 20 people in Hong Kong and Singapore by the end of next year.

Artificial intelligence

AI safety isn’t a barrier to innovation, it’s the key to value: HKU professor

The rapid proliferation of AI models, whether from China or overseas, makes it clear that businesses need help sorting out the good from bad.

Jack Jiang is an innovation and information management professor at Hong Kong University Business School. Photo: May Tse
E-commerce

Chinese budget retailer Miniso bets big on collectible designer toys

In response to its growing focus on toys, Miniso plans to spin off its Top Toy brand and expand its e-commerce presence.

A Miniso Land store in downtown Guangzhou, southern China’s Guangdong province. Photo: Coco Feng
A Miniso Land store in downtown Guangzhou, southern China’s Guangdong province. Photo: Coco Feng
Alibaba

Alibaba’s Amap AI feature an instant hit with 400 million users since launch

As of June, Amap had 895.5 million monthly active users, making it the fourth biggest mobile app in China by that measure.

Artificial intelligence

AI dominates venture capital investing in 2025, pulling in US$192.7 billion

That puts 2025 on track to be the first year where more than half of total VC dollars go into the AI industry, according to PitchBook data.

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Artificial intelligence

China tests underwater data centres to reduce AI carbon footprint

‘Underwater facilities can save around 90 per cent of energy consumption for cooling,’ vice-president of Highlander says.

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An underwater data centre being developed by Chinese maritime technology company Highlander is seen under construction at a shipyard in Nantong, in China’s eastern Jiangsu province, on September 11, 2025. Photo: AFP
An underwater data centre being developed by Chinese maritime technology company Highlander is seen under construction at a shipyard in Nantong, in China’s eastern Jiangsu province, on September 11, 2025. Photo: AFP
Cryptocurrency

US takes driver’s seat in crypto sector amid Trump policy, stablecoin frenzy

America is on a path to becoming the world’s ‘crypto capital’, according to Bo Hines, US CEO at stablecoin giant Tether.

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OpenAI

OpenAI valuation hits US$500 billion, passes SpaceX as world’s largest start-up

San Francisco-based OpenAI completes a deal to help employees sell about US$6.6 billion of the firm’s stock to investors.

Blockchain

Singapore stablecoin issuer offers tips for Hong Kong counterparts

Compliance and strong banking relationships are key, says the CEO of StraitsX, issuer of XSGD.

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StraitsX CEO Liu Tianwei. Photo: Handout
Alibaba

Alibaba’s Amap hits record 360 million users as ‘golden week’ begins

The surge in usage comes as Alibaba enhances Amap’s capabilities to compete with food delivery giant Meituan in the local services sector.

Vehicles cross the Second Yangtze River Bridge in Wuhan, central China’s Hubei province, on Wednesday. Photo: Xinhua
Vehicles cross the Second Yangtze River Bridge in Wuhan, central China’s Hubei province, on Wednesday. Photo: Xinhua
Stablecoins

Trump-led venture lauds USD1 stablecoin’s potential for ‘dollarising the world’

At the Token2049 event in Singapore, World Liberty Financial says it will launch a debit card in the fourth quarter or early in 2026.

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Blockchain

Singapore hosts world’s biggest crypto event as global adoption soars

Crypto enthusiasts from around the globe descend on the city state, preaching a future where blockchain-based technology dominates.

Artificial intelligence

OpenAI releases social app for sharing AI videos from Sora

With the Sora app, OpenAI is also taking its biggest step yet towards building a social media product.

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OpenAI has released Sora, a social media app for sharing videos. Photo: NurPhoto via Getty Images
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech War

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

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Huawei and DeepSeek have become champions of China’s AI ambitions. Illustration: Brian Wang

Big Tech

Alibaba chairman Joe Tsai says US-China AI competition is not ‘winner takes all’

Alibaba Group chairman Joe Tsai (left) seen during the All-In podcast. Photo: Handout

China Business

China’s EV giants head overseas as domestic price war bites

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Vehicles wait to be loaded onto BYD’s 7,000-car carrier BYD Hefei at Taicang Port in Suzhou, Jiangsu province. Photo: VCG via Getty Images

China Economy

In a first, China launches commercial underwater data centre to power data future

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A new data centre capsule integrated into an energy-efficient underwater data processing cluster near Hainan province earlier this year. Photo: CCTV

China Economy

China’s cleantech creating ‘new global energy system’ as exports soar: report

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China’s exports of clean technology have soared in recent years, as the cost of wind turbines, solar panels, lithium batteries and other solutions continues to fall. Photo: Xinhua
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