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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.
The Ministry of Commerce says it will work with other Chinese regulators to assess whether Meta’s acquisition of Manus complies with the country’s export controls and technology transfer rules. Photo: Shutterstock
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.

IPO

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

Artificial intelligence

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

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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.

A new feature on the Amap app allows users to take 3D virtual tours of restaurants and other offline venues. Photo: Shutterstock
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.

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.

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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.

MiniMax, founded in early 2022 by former SenseTime veteran Yan Junjie, develops multimodal AI models. Photo: Shutterstock
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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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.

Since its launch, Manus has generated industry buzz for its capabilities as well as its limited and highly sought-after invitation codes. Photo: Shutterstock
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.

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.

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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Representatives of the “Pax Silica” signatories hold signed documents at a summit held in Washington on December 12. The initiative is America’s new vision for the international AI supply chain. Photo: Getty Images/AFP
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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Biren’s IPO has attracted 23 cornerstone investors, including major asset management firms, domestic mutual funds and insurers. Photo: Handout
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.

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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Photo: Reuters
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.

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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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.

Chinese regulators are warning platforms that demanding the “lowest price” from vendors may be deemed monopolistic under new draft guidelines. Photo: Shutterstock
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.

OpenAI was last valued at US$500 billion in an employee share sale. Photo: Reuters
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.

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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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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ByteDance is the leading recruiter of tech talent in mainland China this year. Photo: AFP/Getty Images/TNS
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.

Andrew Yao speaks at the Global Developer Pioneers Summit in Shanghai. Photo: Handout
Artificial intelligence

Why Nvidia chip is unlikely to derail ambitions of China’s Huawei, Moore Threads

China’s huge demand for AI computing power leaves room for growth for both US and domestic chips, analysts say.

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United States

China’s AI sector poised for growth despite US restrictions: venture capitalist

China’s AI sector gains confidence with DeepSeek’s emergence, but tech ecosystem needs to improve, GSR United Capital’s Zhou Qi says.

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