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AI: Companies

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AI: Companies
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
A humanoid robot is seen at the 2025 Global Industrial Internet Conference in Shenyang, Liaoning province. Photo: Xinhua
Artificial intelligence

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.

Elon Musk

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

Artificial intelligence

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

IPO

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.

Executives of MiniMax Group, Suzhou Ribo Life Science, Yunnan Jinxun Resources and HKEX at the IPO listing ceremony on Friday. Photo: Jonathan Wong
Artificial intelligence

China to probe Meta’s purchase of Manus over export controls, tech concerns

Probe comes amid concerns the US$2.5 billion acquisition could breach tech export controls and encourage more start-ups to relocate offshore.

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Artificial intelligence

Alibaba’s Amap rolls out AI-powered 3D virtual tours for offline destinations

Flying Street View feature offers virtual tours of restaurants and venues as platform nears 1 billion monthly users.

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Artificial intelligence

China’s DeepSeek adds advanced ‘thinking’ feature amid buzz over next model

Hangzhou-based AI start-up installs ‘interleaved thinking’ as monthly users surge 90 per cent to nearly 131.5 million.

DeepSeek’s website and mobile app now offer multi-step research with “thinking” interspersed throughout the process. Photo: Shutterstock
Artificial intelligence

Chinese quant fund joins DeepSeek in AI race with LLM rivalling GPT-5.1, Claude

Beijing-based Ubiquant launches code-focused systems claiming benchmark wins over US peers despite using far fewer parameters.

IPO

MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say.

Hong Kong economy

Hong Kong to boost tech, financial services integration during AI boom: Paul Chan

Minister hails city’s role as global capital market for mainland Chinese tech firms, citing AI chipmaker Biren’s 82 per cent gains at debut.

Financial Secretary Paul Chan (second from right) attends the listing ceremony for Biren Technology with the firm’s CEO Zhang Wen (second from left). Photo: Jonathan Wong
Science

China’s biopharma sector ‘in prime position to challenge US leadership’

American commission issues stark warning, as analytics firm Clarivate reports that Chinese innovative drug development has entered new phase.

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Illustration: Lau Ka-kuen
War and conflict

Outside In | 2025 was the year of denial. What now?

Despite the threat of wars, tariffs, climate change and AI, normality has persisted. But it can only be a matter of time before such contradictions explode.

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Artificial intelligence

China-founded AI start-up Manus acquired by Meta for ‘billions’

Deal will bring Singapore-based Manus’ ‘leading agent to billions of people’, Meta says.

IPO

China’s Zhipu AI launches US$560 million share sale amid heated IPO tech race

The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong’s first large language model listing.

Zhipu AI is moving closer to becoming the first large language model developer listed in Hong Kong. Photo: Shutterstock
Fintech

Why Hong Kong is emerging as the world’s AI crossroads between East and West

Hong Kong’s AI sector comprises 500 organisations, 290 companies and 183 investors active in finance, healthcare and government services.

Hong Kong is well positioned as an international hub for AI-driven innovation. Photo: May Tse
US-China trade war

Explainer | Will US-led ‘Pax Silica’ be a new dawn for the international AI supply chain?

Trump administration aims for deeper technology cooperation on new AI infrastructure with allies.

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IPO

Chinese GPU maker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

The company, which is selling 247.7 million shares between HK$17 and HK$19.60 each, will become the first listing of 2026 on January 2.

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Japan

Japan announces US$6 billion support for home-grown AI development

A new company will be established by around 10 firms including SoftBank Group Corp, aiming to develop the country’s largest base AI model.

SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo on February 3. Photo: Reuters
Australia

Bondi Beach attack sparks global misinformation crisis, and AI-driven hate

A leading counterterrorism expert warns that ‘agentic AI’ and political point-scoring are fuelling a toxic symbiosis between extremists.

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Technology

Opinion | Why AI chatbots are unlikely to bring about human extinction

Stories of chatbots behaving in surprising ways are fuelling the rise of ‘AI doomers’ who warn of the risk of human extinction. This extreme view is misguided.

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Artificial intelligence

ByteDance pushes frequent updates to Doubao AI as privacy concerns persist

Strong demand for Doubao AI phone eclipses concerns its agent-like functions pose a security risk.

The first smartphone running on ByteDance’s agentic AI phone assistant sold out on the first day, leading to a temporary stock surge for suppliers. Photo: Handout
Artificial intelligence

China’s open-source AI models rival US giants, making engagement urgent: report

The report calls on US actors to engage with Chinese firms as the AI landscape continues to evolve.

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Chinese AI developers are largely pursuing an open-source approach, releasing the weights of their models for end-users to freely deploy and modify. Photo: Shutterstock
E-commerce

No ‘lowest-price’ requirement: China warns platforms on monopolistic tactics

Regulators tell platforms that demanding the ‘lowest price’ from vendors may not be permitted under new draft guidelines.

Artificial intelligence

OpenAI in talks to raise US$10 billion from Amazon and adopt Trainium chips

The deal is under discussion could value OpenAI upwards of US$500 billion, a source said.

MetaX

MetaX stock soars 700% in Shanghai debut as traders snap up Chinese GPU maker

MetaX closes at 829.90 yuan on Wednesday, from its IPO price of 104.66 yuan, after gaining as much as 755 per cent in intraday trading.

People learn about the AI computing power cabinet equipped with MetaX C600 general-purpose GPU chip at the 2025 World Artificial Intelligence Conference in Shanghai. Photo: Getty
Artificial intelligence

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

US start-up Gloo’s Flourishing AI Christian benchmark tested how the output of AI models ‘help people flourish’, CEO Pat Gelsinger said.

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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
Artificial intelligence

ByteDance dominates China’s tech hiring as AI talent demand surges

ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.

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Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

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