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The notice also said that no entities can issue yuan-pegged offshore stablecoins without approval. Photo: Shutterstock Images

Cryptocurrency

China tightens crypto crackdown with onshore RWA tokenisation ban

Domestic entities, as well as offshore entities under their control, cannot issue virtual currencies overseas without approval.

Tesla launches China AI training centre as self-driving race accelerates

China fines firms for fake ChatGPT and DeepSeek services

Tech

Sweet surge: Qwen overtakes Yuanbao after Alibaba’s bubble tea campaign

More than 10 million free orders put Alibaba’s AI app in the spotlight amid a high-stakes battle for Spring Festival attention.

More than 10 million free orders were placed within nine hours of the campaign, overwhelming many stores in mainland China. Photo: Handout
More than 10 million free orders were placed within nine hours of the campaign, overwhelming many stores in mainland China. Photo: Handout

Business

China’s Kuaishou slapped with US$17 million fine after explicit content probe

The fine comes days after a separate e-commerce penalty, adding pressure on China’s No 2 short-video platform to tighten controls.

China Business

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners.

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Tech

China trials largest locally made AI computing resource in infrastructure push

The node is designed for large-scale AI scenarios, including trillion-parameter model training and high-throughput inference.

A worker adjusts a display panel showing a computer chip and the Chinese characters for “independence” at the Sugon booth during the World AI Conference in Shanghai, July 5, 2023. Photo: AP
A worker adjusts a display panel showing a computer chip and the Chinese characters for “independence” at the Sugon booth during the World AI Conference in Shanghai, July 5, 2023. Photo: AP

Tech Trends

China’s humanoid makers pivot from ‘body’ to ‘brain’ as commercial race heats up

Dobot claims its self-developed vision-language-action model lets humanoid robots react to the real world rather than just perform preprogrammed tasks.

Tech

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

Musk’s pursuit of space-based data centres has drawn attention to China’s solar industry, sparking market rallies – and calls for caution.

7

United States & Canada

Bitcoin drops, driving US$2 trillion slide in crypto market value

The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Trump won the US election.

Bitcoin tumbled below US$70,000 on Thursday as negative momentum deepened across cryptocurrencies. Photo: AFP

Tech War

TSMC Japan plan for advanced chips seen as hedge against pressure from US, China

The expanded Japan presence will ensure that some of TSMC’s production is immune from Trump’s on-again, off-again import tariffs.

TSMC CEO CC Wei (left) meets Japanese Prime Minister Sanae Takaichi in Tokyo on Thursday. Photo: Kyodo
TSMC CEO CC Wei (left) meets Japanese Prime Minister Sanae Takaichi in Tokyo on Thursday. Photo: Kyodo

Big Tech

TikTok tax time: ByteDance ‘encourages’ Chinese staff to declare global income

ByteDance’s notice to overseas staff reflects Beijing’s widening net over citizens’ foreign income.

Tech

Baidu unveils first-ever dividend and US$5 billion buy-back amid AI race

In a move designed to steady investor nerves, Baidu signalled a shift towards more predictable payouts as AI spending continues to rise.

Banking & Finance

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters

Big Tech

From chatbots to replays: Alibaba rolls out AI suite for 2026 Winter Olympics

Alibaba Cloud has unveiled AI assistants for the 2026 Winter Olympics, integrating its Qwen model into Games operations.

Alibaba Cloud staff working at one of the venues for the 2026 Milano Cortina Winter Games. Photo: Handout
Alibaba Cloud staff working at one of the venues for the 2026 Milano Cortina Winter Games. Photo: Handout

Big Tech

China’s chip champion Moore Threads sees beyond silicon with push into AI coding

Moore Threads is betting on AI coding software to complement its flagship GPU, as the battle for developer tools intensifies.

Big Tech

When context is everything, AI models still struggle in the real world: Tencent

Despite rapid advances, today’s top AI models are still “brittle” in messy, real-world environments, according to new Tencent research.

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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.

19
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.

14

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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HIGHLIGHTS FROM
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Tech Trends

‘Optimus chain’: Chinese suppliers form backbone of Tesla’s humanoid robot plans

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Tesla’s Optimus humanoid robot is seen on display at a company showroom in Phoenix, Arizona. Photo: Shutterstock

China Business

Tesla launches China AI training centre as self-driving race accelerates

The AI training centre’s launch marks a significant step towards commercialising Tesla’s Full Self-Driving navigation software in mainland China. Photo: Reuters

China Business

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

A view of the Shanghai facility of Fosun Pharma’s biopharma unit Henlius. Photo: Handout

Tech

China trials largest locally made AI computing resource in infrastructure push

A worker adjusts a display panel showing a computer chip and the Chinese characters for “independence” at the Sugon booth during the World AI Conference in Shanghai, July 5, 2023. Photo: AP

Tech Trends

China’s humanoid makers pivot from ‘body’ to ‘brain’ as commercial race heats up

The Atom humanoid robot developed by Shenzhen-based Dobot. Photo: Handout
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OPINION
Shaoshan Liu

Opinion | In the tech race, Europe can choose a path that sidesteps US-China rivalry

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Kun Tian

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MULTIMEDIA
Video

World’s first ‘biomimetic AI robot’ debuts in Shanghai

The robot, which is able to replicate human micro-expressions and walking postures, will be priced at 1.2 million yuan (US$173,000)
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The great AI schism: China and US are superpowers with very different playbooks

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The DeepSeek shock wave: China’s Sputnik moment

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The talent engine: powering China’s AI rise

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