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

Big Tech

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.

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

Chinese memory giants seen grabbing market share on lower prices, more capacity

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Tech Trends

Chinese AI glasses maker Rokid planning Hong Kong IPO: sources

Listing plan comes as giants Apple, Meta, Alibaba, Baidu, Xiaomi and Huawei, plus start-ups like Xreal, Rayneo, anticipate market growth.

A staff member demonstrates a pair of smart glasses developed by Hangzhou-based Rokid at a store in Yingtan, in east China’s Jiangxi province, on July 10, 2025. Photo: Xinhua
A staff member demonstrates a pair of smart glasses developed by Hangzhou-based Rokid at a store in Yingtan, in east China’s Jiangxi province, on July 10, 2025. Photo: Xinhua

Banking & Finance

Stricter Chinese scrutiny of offshore vehicles a blow for tech IPO candidates

Mainland’s stock market watchdog is discouraging establishment of ‘red-chip-structured’ companies in sensitive industries.

Tech Trends

Chinese AI rivals clash over Anthropic’s OpenClaw exit amid global token crunch

Chinese companies are competing to offer the cheapest alternatives to premium US services from the likes of OpenAI and Anthropic.

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Tech War

Chip, AI talent race heats up as Taiwan tightens crackdown on alleged poaching

The latest probes are part of Taiwan’s crackdown on mainland Chinese talent poaching, with 100 cases handled since 2020, according to MJIB.

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Technicians work on chip processing equipment at a semiconductor manufacturing plant in Suqian, Jiangsu province, in October. Photo: AFP
Technicians work on chip processing equipment at a semiconductor manufacturing plant in Suqian, Jiangsu province, in October. Photo: AFP

Policy

China’s rigid corporate culture slows AI adoption, ex-OpenAI executive says

China’s tech-savvy consumers embrace AI, but rigid corporate hierarchies hold back enterprises, Zack Kass says.

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Tech Trends

Who is Xu Rui, the ex-ByteDance executive tapped by Meta to lead AI hardware?

The veteran Chinese executive will lead a team that develops AI devices at the Facebook parent’s superintelligence unit.

Tech

Meter running: CaoCao backs heavy-asset play to scale robotaxis

Geely-backed firm targets 100,000 autonomous vehicles by 2030, banking on tighter control of cars, tech and operations to drive efficiency.

Chinese ride-hailing company CaoCao, backed by Geely, is betting on a heavy-asset strategy to emerge as a leading robotaxi operator. Photo: Handout

Big Tech

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

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

Illustration by Victor Sanjinez
Illustration by Victor Sanjinez

Policy

Beijing mandates internal ethics committees for all Chinese AI companies

Since 2022, big tech firms including Alibaba and Baidu have established internal science and technology ethics review committees.

Tech

Tencent expands OpenClaw suite with enterprise tool amid China’s ‘lobster’ craze

ClawPro tool promises quick AI agent deployment, giving enterprises control over models, tokens and security.

Tech

Memory crunch bites: Xiaomi lifts handset prices amid supply chain squeeze

Price rises of nearly US$30 reflect surging memory costs, with analysts pointing to AI-driven demand and tight supply across the chip sector.

Xiaomi said on Friday that prices for three of its models would rise by about US$29. Photo: Getty Images

Tech

China moves to cut AI computing costs for SMEs as cloud prices surge

Policy push comes as surging token consumption strains supply and pushes up cloud computing costs.

China plans to build an “‘nclusive computing service network’ offering broad coverage, lower costs and improved service quality. Photo: Shutterstock
China plans to build an “‘nclusive computing service network’ offering broad coverage, lower costs and improved service quality. Photo: Shutterstock

China Business

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Big Tech

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.

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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
China Future Tech

Tech Trends

Chinese AI rivals clash over Anthropic’s OpenClaw exit amid global token crunch

A lobster-shaped cutout representing OpenClaw stands outside the Baidu offices in Beijing, March 17, 2026. Photo: Reuters

Tech

Chinese memory giants seen grabbing market share on lower prices, more capacity

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Leading Chinese memory producers like CXMT are working on boosting capacity this year. Photo: Handout

China Business

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

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Skoda, Volkswagen’s mass-market brand, shut down its Chinese operations this year. Photo: AFP

China Economy

Open Questions | Andrew Tilton on China’s economic trajectory in wake of Iran war

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Illustration: Lau Ka-kuen
MORE IN China Future Tech
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OPINION
Elina Noor

Opinion | AI infrastructure on the front line: Lessons for Asean from the Iran war

Elina Noor
Phoebe Zhang

Opinion | China’s OpenClaw mania driven by fear of missing next tech gold rush

Phoebe Zhang
Ken Ip

Opinion | Frenzy over AI agent OpenClaw shows the lobster has escaped the pot

Ken Ip
Denis Simon

Opinion | 3 realities shaping China-US tech competition

Denis Simon
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Aldo Giovannitti

Opinion | Jet engines can provide the thrust for AI firms seeking power solutions

Aldo Giovannitti
Clarissa Lui

Opinion | To make AI safe, put women and girls at the heart of the technology

Clarissa Lui
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MULTIMEDIA
Video

Artemis starts return journey to Earth after historic moon fly-by

NASA astronaut and Artemis II mission specialist Christina Koch peers out of one of the Orion spacecraft's main cabin windows, looking back at Earth, as the crew travels towards the Moon April 2, 2026. NASA/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. REFILE - CORRECTING YEAR FROM "2024" TO "2026".
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Video

Historic Artemis II moon mission lifts off

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Video

Baidu driverless taxis freeze in citywide breakdown

Many autonomous driving vehicles belonging to Chinese tech giant Baidu broke down in Wuhan on Tuesday evening, affecting the company’s services for hours and stranding some passengers for hours in a setback to the Chinese tech giant’s autonomous driving ambition at a time when it pushes to expand its robotaxi business globally. Photo: Weibo/ 闫跃龙
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Indonesia bans social media for under 16s

Authorities say the move aims to protect children and young teens against addiction, abuse and exposure to harmful content.
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