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Quant funds, such as Hangzhou-based High-Flyer, made up the 10 top-performing large hedge-fund firms in China in 2025. Photo: Shutterstock

Tech Trends

DeepSeek founder’s High-Flyer ranks among China’s top hedge-fund firms in 2025

Hangzhou-based High-Flyer ranks second among China’s 10 top-performing large hedge-fund managers last year.

China vows more support for ‘little giant’-like firms amid self-sufficiency push

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UK launches probe into Musk’s X over Grok’s ‘disgusting’ sexualised AI imagery

Tech Trends

Surging chip prices force Chinese smartphone maker Meizu to abandon launch

Memory-chip prices could jump between 40 and 50 per cent in the first quarter after rising by the same level in the previous quarter.

Meizu has cancelled the release of the Meizu 22 Air, a slim handset similar to Apple’s iPhone Air. Photo: Shutterstock
Meizu has cancelled the release of the Meizu 22 Air, a slim handset similar to Apple’s iPhone Air. Photo: Shutterstock

Tech Trends

Ant International teams up with Google on use of Universal Commerce Protocol

The endorsement of Google’s open standard comes as companies globally accelerate the integration of AI agents and e-commerce.

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Big Tech

Alibaba’s Qwen family hits 700 million downloads to lead open-source AI adoption

Alibaba Cloud’s Qwen family is the world’s most widely used open-source AI system as of January, Hugging Face data shows.

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Business

Hong Kong stocks rise on tech, health as mainland China turnover hits record

Alibaba Health soars over paediatric drug deal as trading volume on Shanghai and Shenzhen exchanges tops US$513 billion.

The Exchange Square in Central. Photo: Jelly Tse
The Exchange Square in Central. Photo: Jelly Tse

Big Tech

China’s AI unlikely to surpass US soon despite progress, researchers say

China’s top AI scientists warn of chip deficits and resource limits, though some predict breakthroughs within five years.

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Companies

Nvidia, Tesla chase same self-driving goal via different paths

Tesla is betting on winning autonomy as a specialist, while Nvidia is positioning itself as an arms dealer, selling tools to the entire industry.

Companies

Elon Musk to open source X algorithm in 7 days amid global scrutiny

The company has been working to incorporate more AI into its recommendation algorithm through Grok, Musk’s AI chatbot.

Musk has promised in recent years to make some of X’s algorithms public. Photo: dpa

Tech Trends

Chinese smart eyewear makers shine at CES with focus on challenging Meta

‘The rise of smart glasses is riding directly on advances in AI,’ LLVision founder and CEO Wu Fei says.

Visitors flock to Hangzhou-based Rokid’s eye-catching exhibition booth at the CES trade show in Las Vegas. Photo: Wency Chen
Visitors flock to Hangzhou-based Rokid’s eye-catching exhibition booth at the CES trade show in Las Vegas. Photo: Wency Chen

Big Tech

Review of Meta-Manus deal underscores China’s tightening grip on AI exports

AI agent start-up may face half a year of regulatory checks on data security, dual-use technologies and overseas investment rules: analysts.

Big Tech

The great chip leap: China’s semiconductor equipment self-reliance beats targets

Domestic suppliers capture 35 per cent share as China accelerates push for semiconductor self-sufficiency.

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Tech Trends

Chinese firms, led by AgiBot, outpace US rivals in 2025 humanoid robot shipments

‘Chinese vendors are setting benchmarks in large-scale production,’ Omdia analyst Lian Jye Su says.

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Global humanoid robot shipments reached 13,318 units in 2025, led by Chinese manufacturers. Photo: Shutterstock

Big Tech

Alibaba logistics unit Cainiao opens US-Mexico cross-border service

Cainiao is expected to control key nodes including sorting, line-haul transfer and last-mile delivery for the service.

Cainiao, the logistics arm of Alibaba Group Holding, continues its overseas expansion. Photo: Cainiao
Cainiao, the logistics arm of Alibaba Group Holding, continues its overseas expansion. Photo: Cainiao

Tech Trends

MiniMax and Zhipu’s stellar Hong Kong IPOs supercharge China’s AI ambitions

Zhipu’s coding assistant is wooing subscribers with a monthly fee of about US$3, a fraction of what Anthropic charges for Claude.

Banking & Finance

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

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

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
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Tech

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

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The questions in FAI-C were reviewed by a panel of Biblical experts, including theologians, pastors, psychologists and scholars of ethics. Photo: SCMP

Tech Trends

DeepSeek founder’s High-Flyer ranks among China’s top hedge-fund firms in 2025

Quant funds, such as Hangzhou-based High-Flyer, made up the 10 top-performing large hedge-fund firms in China in 2025. Photo: Shutterstock

China Business

Xpeng’s flying car unit readies Hong Kong IPO for take-off

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The X2 flying car designed by Xpeng affiliate Aridge is seen at an auto show in Tangerang, Banten, Indonesia, on July 26, 2025. Photo: Shutterstock

Big Tech

Alibaba’s Qwen family hits 700 million downloads to lead open-source AI adoption

The volume of Qwen downloads on Hugging Face reinforced its position as the world’s leading open-source ecosystem. Photo: Shutterstock

Big Tech

China’s AI unlikely to surpass US soon despite progress, researchers say

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A humanoid robot is seen at the 2025 Global Industrial Internet Conference in Shenyang, Liaoning province. Photo: Xinhua
MORE IN China Future Tech
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OPINION
Kun Tian

Opinion | Hong Kong’s fertile ground for AI IPOs aligns with China’s tech strategy

Kun Tian
Mark Purdy

Opinion | The global AI race: 3 scenarios the world must prepare for

Mark Purdy
Mark Pirie,Christopher Tang

Opinion | Why reducing AI harm requires more than tech firms’ empty promises

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Patrick Winter

Opinion | Asia needs AI talent to fuel its future growth

Patrick Winter
Anthony Rowley

Macroscope | Can AI deliver the economic goods and high returns? Don’t count on it

Anthony Rowley
Jake Sullivan

Opinion | US and China must get serious about AI risk

Jake Sullivan
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MULTIMEDIA
Video

Digital ‘Tamagotchi’ pets mark 30 years

The egg-shaped plastic toys that were a playground craze in the 1990s feature digital pets needing to be cared for like live household animals.
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Video

Hongkongers urged to use eMPF to ward off scams

Hongkongers urged to sign up for eMPF platform as defence against scams
Video

How a Shanghai start-up is digitalising Chinese tea

Safety, verification and trust behind start-up company Teakan Technology’s goal to make traditional Chinese tea digitally traceable
Video

Humanoid robots take centre stage at Shanghai summit

Competitions mainly focused on robotic applications in industrial assembly, home services, flower arranging, healthcare and elderly care, as well as restaurant services
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