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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.
Alibaba plans to spin off and list its T-Head chip arm. Photo: Handout
Semiconductors

Alibaba prepares potential spin-off, listing of chip unit T-Head

The wholly owned chip unit will first be restructured into a separate business partly held by employees, Bloomberg reported, citing sources.

Artificial intelligence

Baidu launches Ernie 5.0 as firm’s AI assistant users reach 200 million a month

Artificial intelligence

Chinese AI chipmaker Moore Threads set to report tripling of revenue

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US-China trade war

Trump’s decision to sell AI chips to China under pressure as House bill advances

A key Republican challenges White House AI czar and Nvidia despite Maga backlash; it must still pass both chambers and get Trump’s signature.

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The Trump administration approved the sale ​of Nvidia’s H200 chip to China earlier this month. Photo: Shutterstock
Artificial intelligence

AI shaping world’s biggest infrastructure buildout: Nvidia CEO

Each country should build their own AI system, incorporating its own language and culture into the AI models, Huang says at the WEF in Davos.

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HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

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Made in China 2025

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

Leung Chuen-yan, partner for healthcare investment at Value Partners Group. Photo: Edmond So
DeepSeek

DeepSeek a year on: how a Chinese start-up sparked a global AI arms race

DeepSeek’s meteoric rise propelled the growth of the open-source AI ecosystem by spurring its competitors to join the movement.

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Artificial intelligence

Alibaba’s upgraded Qwen chatbot app receives warm consumer reception

Qwen’s upgrade transforms the chatbot into a virtual ‘life assistant’, making lives easier for hundreds of millions of consumers.

IPO

Alibaba, JPMorgan said to back Chinese chip firm’s Hong Kong listing

Montage Technology could raise up to US$900 million in an IPO as soon as this month, sources say.

Bull statues sit in front of screens showing stock prices outside Exchange Square in Hong Kong on August 18, 2023. Photo: Reuters
IPO

China’s stock rally on AI optimism to stretch fundraising frenzy in 2026

Tech companies on Shanghai, Shenzhen exchanges now trade nearly 40 per cent above the Nasdaq 100, boosting the appeal of going public.

People walk near a screen displaying stock exchange and economic data in Shanghai on January 6, 2026. Photo: EPA
US-China trade war

US government approves Nvidia H200 chip exports to China

Trump administration on Tuesday gave the green light to China-bound sales of Nvidia’s second most powerful AI chips.

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Artificial intelligence

Alibaba reaffirms open-source AI commitment as it hails successes

‘Building with the community’ is crucial to the success of the Qwen family of large language models, company says.

Artificial intelligence

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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Ant International is endorsing Google’s Universal Commerce Protocol, an open standard that powers agentic commerce. Photo: Handout
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.

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A humanoid robot is seen at the 2025 Global Industrial Internet Conference in Shenyang, Liaoning province. Photo: Xinhua
Elon Musk

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.

Artificial intelligence

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.

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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.

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.

Ubiquant is one of the first quant trading funds in China to apply AI at scale to quantitative investment. Photo: Shutterstock
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.

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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A couple kiss next to a Christmas tree in Kyiv, Ukraine, during celebrations before a curfew on December 31. Photo: Reuters
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.

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