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Meituan drivers gather during a break in a commercial district in Chongqing on November 21, 2025. Photo: Getty Images
Ant Group

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Investment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com.

Alibaba

Alibaba elevates tech chief Wu Zeming to elite committee amid AI push

Artificial intelligence

ByteDance loses key AI research leader behind Seed models

Artificial intelligence

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

Tencent has repeatedly stressed its cautious approach to adding an agent to its super app. Photo: Reuters
Tencent has repeatedly stressed its cautious approach to adding an agent to its super app. Photo: Reuters
Banking & finance

Fear of missing out: why Asia-Pacific firms chase AI despite scant returns

Survey shows many enterprises across the region invest heavily in AI, worried that their rivals will outpace them.

Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

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E-commerce

Meituan reports third consecutive quarterly loss amid rivalry in food delivery

CEO Wang Xing says Keeta food delivery business achieved ‘meaningful efficiency gains’ in both Hong Kong and Saudi Arabia in the quarter.

Meituan delivery riders wait for orders at an intersection in Shenzhen, March 24, 2026. Photo: Getty Images
Meituan delivery riders wait for orders at an intersection in Shenzhen, March 24, 2026. Photo: Getty Images
Robotics

World of humanoid robots set for new blueprint as Nvidia teams with Asian firms

The tech trio team up to create a state-of-the-art robot reference design allowing researchers to build, fine-tune and deploy skills faster.

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Artificial intelligence

How MuleRun plans to outpace OpenClaw: Alibaba bets on ‘always-on AI workforce’

MuleRun lowers adoption hurdles, positioning Alibaba’s agentic AI as a safer alternative, with reach across 43 countries.

Semiconductors

Peking University unveils design tool to power Huawei’s chip ambitions

The university’s new chip design software is compatible with Huawei’s LogicFolding architecture introduced on Monday.

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A concept illustration of a Huawei chip. Photo: Shutterstock Images
Semiconductors

Nvidia ‘likely the most concerned’ as Huawei bets on new chip architecture law

Chip advance marks big step accelerating China’s semiconductor self-reliance push and promises leaps in AI computing power.

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People visit the exhibition area of Huawei at the 10th China-Russia Expo in Harbin, northeast China’s Heilongjiang province, on May 19. Photo: Xinhua
People visit the exhibition area of Huawei at the 10th China-Russia Expo in Harbin, northeast China’s Heilongjiang province, on May 19. Photo: Xinhua
Ant Group

Alipay’s AI Wallet and Token Pay a big bet on the future by Ant Group

Chinese fintech giant looks to dominate the transaction layer of the emerging ‘agent economy’ as AI evolves to executing real-world tasks.

Huawei

Huawei unveils new scaling law and tech that narrows gap with TSMC, Samsung

The Chinese tech giant’s breakthrough is a major milestone in its mission to create a self-reliant semiconductor ecosystem.

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Alibaba

‘Sharif speed’ meets Qwen AI: how Alibaba sealed a sweeping deal with Pakistan

Chairman Joe Tsai uses firm’s mobile AI tool to draft a sweeping tech pact in moments, as ‘frontier technologies’ increasingly enter the global limelight.

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Pakistani Prime Minister Shehbaz Sharif (right) meets the chairman of Alibaba Group, Joe Tsai, on Sunday. Photo: handout
Artificial intelligence

Xiaomi is pouring billions into AI to future-proof its hardware empire

Beijing-based firm bets on frontier tech, from topping AI benchmarks to designing chips that rival Apple, to secure its long-term survival.

Xiaomi has recently committed more than US$8.8 billion to AI investments over the next three years. Photo: AFP
Xiaomi has recently committed more than US$8.8 billion to AI investments over the next three years. Photo: AFP
Artificial intelligence

DeepSeek V4 Pro tops global bang-for-buck ranking after 75% price cut

Model ranks among world’s best for intelligence per dollar thanks to now permanent price cut, according to Artificial Analysis.

Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

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US-China tech war

China rejects claims of curbing US tech funding as Beijing pursues self-reliance

While reaffirming Beijing’s openness, the NDRC also stressed its support for home-grown AI and semiconductor industries.

The logo of Manus is displayed on a smartphone screen with the Meta logo in the background. Photo: VCG via Getty Images
The logo of Manus is displayed on a smartphone screen with the Meta logo in the background. Photo: VCG via Getty Images
Artificial intelligence

China behind in LLM race but it can still win in AI, ex-Tencent AI lead says

In the AI era, the problem with being a technological follower is the constant risk of having the rug pulled from under you, Liu says.

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Artificial intelligence

Alibaba signals next phase of AI growth from investment to commercialisation

Chinese e-commerce and cloud computing giant forecasts 30 billion yuan AI revenue in 2026, with agents driving more than half of cloud sales.

Artificial intelligence

Alibaba unveils new Qwen model, custom chips in bid to become China’s AI factory

Chinese tech giant launches Qwen3.7-Max, its new large language model designed as a robust foundation for AI models.

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Alibaba Grouop Holdings unveiled its new large language model Qwen3.7-Max which it said will be a robust foundation for AI models on Wednesday. Photo: Handout
Artificial intelligence

DeepSeek adds former Jane Street engineer to harness team amid agentic AI push

Move underscores start-up’s efforts to build harnesses – software that turns an AI model into a functional and autonomous AI agent.

Job postings have suggested that the harness team would be a core unit within DeepSeek. Photo: Shutterstock
Job postings have suggested that the harness team would be a core unit within DeepSeek. Photo: Shutterstock
Semiconductors

Does China’s rapid chipmaking expansion threaten the global AI memory chip boom?

Rising Chinese output and shifting investment patterns may weigh on the semiconductor sector’s outlook, Samsung adviser says.

Artificial intelligence

China’s Moonshot AI moves to unwind offshore structure in IPO pursuit: sources

Beijing-based unicorn tells shareholders it will dismantle VIE model as regulators tighten oversight, as shift may signal new era for foreign tech investment.

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China’s private sector

Baidu says AI now primary business driver despite 2% drop in first-quarter revenue

Analysts expect the company’s AI marketing services base to steadily grow to reduce declines in advertising revenue and boost profits.

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The Baidu logo is displayed at the company building in Shenzhen. Photo: Getty Images
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