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Kimi K3 is an advanced chatbot developed by Moonshot AI, a Chinese technology company backed by Alibaba Group Holding. Photo: Shutterstock
Artificial intelligence

Another ‘DeepSeek moment’? What China’s Kimi K3 means for the global AI industry

The new model from Moonshot AI has revived doubts over Silicon Valley’s cost-heavy strategy, but analysts expect demand for compute to keep rising.

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Zhipu AI

Zhipu shares surge 37% as firm builds giant data centre powered by Chinese chips

Ant Group

Fintech firm Ant International raises US$1.2b to fuel global growth

Artificial intelligence

Why China’s open-weight AI model Kimi K3 is sparking anxiety in Silicon Valley

Analysts say Beijing-based start-up Moonshot’s 2.8 trillion-parameter large language model could narrow the gap with the US within ‘weeks’.

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People visit the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai on July 18. Photo: AFP
People visit the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai on July 18. Photo: AFP
Artificial intelligence

SenseTime CEO bets on ‘task economy’ as token prices set to drop

AI’s true commercial value will shift towards a ‘task economy’ where users pay for completed, complex tasks, says Xu Li.

Artificial intelligence

Moonshot AI’s Kimi K3 faces GPU crunch amid US-China tech rivalry

Chinese start-up pauses Kimi K3 subscriptions due to surging demand and compute shortages, highlighting the country’s AI chip challenges.

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Artificial intelligence

AI work agents: China’s Ant, Tencent, Alibaba, Baidu flex for enterprise clients

Top AI summit spotlights race to embed autonomous digital workers into everyday business operations.

People visit the Tencent booth at the World Artificial Intelligence Conference in Shanghai on July 18. Photo: AFP
People visit the Tencent booth at the World Artificial Intelligence Conference in Shanghai on July 18. Photo: AFP
Semiconductors

Alibaba targets Nvidia’s dominant software ecosystem with open-source AI stack

The firm’s chip unit T-Head aims to lower migration barriers to Zhenwu AI computing architectures, following similar initiatives by Huawei and Moore Threads.

Artificial intelligence

Xi’s call on AI, Trump blasts China, US tariffs

This week: Chinese president urges open and secure AI, US leader accuses Beijing over 2020 election, GDP growth slows. Next week: US global tariff expiry, Apec ministers meet, Hong Kong lawmakers decamp to Beijing.

Artificial intelligence

Xi Jinping says ‘one country’ cannot monopolise AI – as it happened

President’s personal attendance seen as a sign of China’s inclusion of artificial intelligence into broader geopolitical strategy.

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President Xi Jinping arrives at the opening ceremony for the World AI Conference in Shanghai on Friday. Photo: AP
Artificial intelligence

Humanoids to Huawei: what to watch as Xi attends China’s top AI event

Gathering will showcase Beijing’s push to compete across the full AI stack, from models and chips to robots, consumer devices.

People walk near the entrance of the the Shanghai World Expo Exhibition and Convention Center, venue for the World Artificial Intelligence Conference, in Shanghai on July 16. Photo: AFP
People walk near the entrance of the the Shanghai World Expo Exhibition and Convention Center, venue for the World Artificial Intelligence Conference, in Shanghai on July 16. Photo: AFP
Semiconductors

China memory-chip maker CXMT set for mega IPO

Listing could be country’s second biggest at US$9.8 billion and comes as global demand for memory chips soars on the back of AI infrastructure build-out.

Artificial intelligence

Brain-chip milestone: China completes world’s first commercial implant

Coin-sized implant marks a breakthrough in neurotechnology, underscoring China’s bid to lead the global race against Elon Musk’s Neuralink.

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Artificial intelligence

Sam Altman signals OpenAI price war as rivalry with Anthropic, China heats up

American AI pioneer eyes 75 per cent fee cut for flagship software to counter market gains by Claude and low-cost alternatives from Chinese providers.

OpenAI CEO Sam Altman speaks at an event in Tokyo, Japan, last year. Photo: Reuters
Artificial intelligence

China’s DeepSeek eyes US$70b valuation in new talks weeks after first round

Company’s fresh fundraising talks come straight off its landmark Series A, as investors scramble to back national AI champion.

DeepSeek has launched a new financing round shortly after closing a landmark deal. Photo: Getty Images
DeepSeek has launched a new financing round shortly after closing a landmark deal. Photo: Getty Images
Artificial intelligence

China’s StepFun beats Apple and OpenAI to ‘world’s first AI phone’

Tencent-backed firm launches the AI-native StepX Neo smartphone, challenging US tech giants amid Apple-OpenAI legal clashes.

Artificial intelligence

Will a new focus help Chinese AI labs challenge Thinking Machines Lab?

AI labs Yoolee and InfiX.ai say they aim to rival US start-up with industry-specific AI solutions, reduced costs and enhanced privacy.

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E-commerce

Shein executive chairman to step down as IPO nears completion, sources say

The departure of Chinese-American billionaire Donald Tang raises the question of whether founder Sky Xu will now step into the spotlight.

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Donald Tang, executive chairman of Shein, is to step down from his role, it was reported on Monday. Photo: Reuters
Donald Tang, executive chairman of Shein, is to step down from his role, it was reported on Monday. Photo: Reuters
Artificial intelligence

Beyond Claude Code: the Chinese AI tools poised to benefit after back-door alert

As Beijing flags a security risk in Anthropic software, domestic tech firms are rapidly embracing local alternatives such as ByteDance’s Trae and Alibaba’s Qoder.

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Semiconductors

Chinese chip start-up launches 8-inch production line pilot for 2D chips

The company says the production line launch marks a critical step towards China’s drive for tech self-sufficiency.

IPO

Shein receives approval for Hong Kong IPO from Chinese regulators

Beijing clears the online retail giant to seek an initial public offering in Hong Kong, after its plans to float in London and New York hit a dead end.

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Customers carrying bags of shopping leave the Shein store in Paris in November. Photo: dpa
Artificial intelligence

Glass crashes slashed? Ant Group AI unit claims robot sensing advance

New perception model for embodied AI surpasses dominant rival from Meta Platforms at smaller scale with less training, firm claims.

A wheeled humanoid robot developed by Robbyant is unveiled at the company’s booth at the Inclusion Conference on the Bund on September 11, 2025. Photo: Wency Chen
A wheeled humanoid robot developed by Robbyant is unveiled at the company’s booth at the Inclusion Conference on the Bund on September 11, 2025. Photo: Wency Chen
Artificial intelligence

Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal

The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent.

US-China tech war

Alibaba wins reprieve on US lobbying after Pentagon blacklisted companies

Ruling gives Chinese firm temporary relief in closely watched legal battle that could decide whether Pentagon blacklist is legitimate.

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Semiconductors

China memory module giant’s first-half profit set to jump more than 600-fold

Longsys says net profit could reach up to 11 billion yuan, as strong demand and tight global wafer supply lift the downstream memory sector.

Longsys says net profit for the six months ended June 30 could jump more than 600-fold, as strong demand and tight global wafer supply is lifting China’s downstream memory sector. Photo: Handout
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