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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

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Artificial intelligence

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

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
Artificial intelligence

Are we human? Why ByteDance and Alibaba are disabling AI agents in China

With Beijing’s rules on humanlike AI interaction services taking effect on July 15, Doubao and Qwen move to disable customised features.

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Doubao, a ChatGPT-like conversational bot developed by TikTok owner ByteDance, informed users on Friday night that its agent feature would go offline on July 15. Photo: Simon Song
Doubao, a ChatGPT-like conversational bot developed by TikTok owner ByteDance, informed users on Friday night that its agent feature would go offline on July 15. Photo: Simon Song
Artificial intelligence

China’s ByteDance discovers new scaling law that could sustain AI boom

Researchers at the Chinese tech giant have been analysing how fast AI agents can improve by performing real-world tasks.

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Alibaba

Alibaba bans staff from using Claude Code over Anthropic spyware concerns

The Chinese tech giant has listed Claude Code as ‘high-risk’ software, after discovering Anthropic had tracked Chinese users using hidden code.

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Artificial intelligence

Can Alibaba’s AI transform superconducting materials discovery?

Damo Academy unveils an AI agent able to discover superconductors, which could revolutionise scientific materials research and innovation.

Alibaba's Elements Claw, is the first AI agent able to discover superconductors. Photo: Handout
Alibaba's Elements Claw, is the first AI agent able to discover superconductors. Photo: Handout
Artificial intelligence

AI computing stock panic over Meta rumour ‘erroneous’, analysts say

Fears of AI hardware glut not warranted, as ‘Meta’s data centre and compute procurement will accelerate, not slow down’, SemiAnalysis says.

Semiconductors

Can China’s memory chip giant CXMT keep thriving after IPO and AI boom?

CXMT is taking orders for its advanced DDR5 server memory from Tencent and ByteDance after completing customer validation, a source says.

Electric & new energy vehicles

EVs | China’s AI-defined vehicles make smart motoring human-centred

Artificial intelligence is transforming the in-car experience for drivers and passengers, with Chinese EV makers among the first to embrace a new era on the road.

China’s AI-defined vehicles make smart motoring human-centred
E-commerce

Temu owner PDD embraces China’s ‘city of the future’ after regulatory debacle

Operator of big-name budget marketplaces Pinduoduo and Temu is buying an office and adding 5,000 jobs in the hyped-up Xiongan New Area.

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PDD, which operates budget marketplace Pinduoduo, is raising its profile in China’s Xiongan New Area. Photo: Shutterstock
PDD, which operates budget marketplace Pinduoduo, is raising its profile in China’s Xiongan New Area. Photo: Shutterstock
China’s private sector

Will share buy-backs help Chinese big tech companies rescue battered valuations?

Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.

Artificial intelligence

Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources

The Kuaishou Technology spin-off aims to start Hong Kong listing process within a year, as annual recurring revenue soars following latest AI video model release.

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Robotics

Now hiring: Nvidia’s robotics team ramps up its China talent hunt

The US chip giant says it is recruiting for more than a dozen roles as it looks to move robots from research labs to real-world deployment.

Visitors tour the Nvidia booth displaying humanoid robots at the China International Supply Chain Expo in Beijing on June 25, 2026. Photo: AP
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