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Artificial intelligence
Self-driving cars and autonomous vehicles
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Montage and GigaDevice are capitalising on the global memory supercycle, with the industry in the grip of a massive supply crunch. Photo: Shutterstock
Semiconductors

China’s tech self-sufficiency progress evident in these 2 companies

GigaDevice and Montage carve a niche in the semiconductor sector, with the global memory supercycle boosting their fortunes further.

Artificial intelligence

Global AI race heats up as Chinese tech giant releases new model

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Artificial intelligence

ByteDance ‘strengthening safeguards’ after Seedance AI video controversy

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Fame and celebrity

Hollywood shaken by Brad Pitt-Tom Cruise fight video made with Chinese AI

The viral clip was generated with a two-line prompt on Seedance 2.0, a platform owned by ByteDance, the company behind TikTok.

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Brad Pitt (left) and Tom Cruise attend a film premiere in London in June 2025. Photo: TNS
Brad Pitt (left) and Tom Cruise attend a film premiere in London in June 2025. Photo: TNS
Semiconductors

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

Revenue growth primarily driven by increases in wafer shipments and improved average selling prices, company says.

Artificial intelligence

China’s MiniMax releases AI model ‘designed for real-world productivity’

Company says it is ‘first frontier model … delivering on the promise of intelligence too cheap to meter’.

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Cryptocurrency

Policy to products: Web3 innovation takes centre stage at Consensus Hong Kong

SFC CEO Julia Leung Fung-yee announced that the regulator will greenlight virtual asset margin financing for clients with strong credit profiles.

A booth at last year’s Consensus held at the Hong Kong Convention and Exhibition Centre, February 19, 2025. Photo: AFP
A booth at last year’s Consensus held at the Hong Kong Convention and Exhibition Centre, February 19, 2025. Photo: AFP
Artificial intelligence

China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

Top PC maker posts a 21 per cent profit drop amid chip squeeze, but bets on AI-powered devices to sustain growth amid industry upheaval.

Artificial intelligence

Alibaba’s Qwen tops 120 million orders in 6 days amid China’s AI shopping battle

Campaign has sparked a behavioural shift towards AI-powered shopping, which Alibaba says is becoming a more popular lifestyle choice.

Mainland China

Baidu unveils AI-driven Wikipedia challenger in bid for global users

BaiduWiki, a version of the firm’s Baidu Baike online encyclopaedia, is available in English, Spanish, French, Russian and Japanese.

People gather near the Baidu booth at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai on July 28, 2025. Photo: NurPhoto via Getty Images
Artificial intelligence

DeepSeek boosts AI model with 10-fold token addition as Zhipu AI unveils GLM-5

The upgrade will allow DeepSeek’s AI model to remember and process more information in a single conversation or task.

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DeepSeek’s update pushed its model’s knowledge cut-off from July 2024 to May 2025, adding nearly a year of new information to the system. Photo: dpa
DeepSeek’s update pushed its model’s knowledge cut-off from July 2024 to May 2025, adding nearly a year of new information to the system. Photo: dpa
Artificial intelligence

Alibaba unveils RynnBrain, an embodied AI model that gives robots a ‘brain’

The model, which was unveiled by Alibaba’s Damo Academy, matched leading embodied models from Google and Nvidia.

Cryptocurrency

Consensus 2026 kicks off in Hong Kong amid tighter Beijing oversight

Organised by CoinDesk, the event is an important gathering for digital finance and cryptocurrency professionals.

Artificial intelligence

Indonesia telco chief warns of digital colonisation, backs China open-source AI

Indonesian executives stress that localisation and sovereignty are key to AI adoption in the fast-growing Southeast Asian market.

From left are Jean Iau, SCMP reporter; Jo Miyake, head of banking, Asia and Middle East, corporate and institutional banking at HSBC; Qian Shihong, chief strategy officer at Huawei Indonesia; Vikram Sinha, president director and CEO at Indosat Ooredoo Hutchison; and Sean Yuan, vice president at Alibaba Cloud International and general manager of South Pacific Region, Alibaba Cloud Intelligence Group. Photo: SCMP
Artificial intelligence

China’s ByteDance, Alibaba unveil AI image tools to rival Google’s popular Nano Banana

The tech giants’ new image models lower the barrier for individual users or businesses to produce professional-looking images.

ByteDance says its new model’s stronger reasoning ability enables it to better understand and follow human text prompts to generate the desired images. Photo: Handout
ByteDance says its new model’s stronger reasoning ability enables it to better understand and follow human text prompts to generate the desired images. Photo: Handout
China’s private sector

Before the factory floor, the dance floor: robots find path to market at US$145

Humanoid robots may one day transform factories and warehouses, but for now their most immediate role is keeping the party going.

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Robotics

Chinese vacuum maker using Temu’s playbook dreams big with Super Bowl debut

Dreame showcases robot vacuum in a Super Bowl commercial, drawing on Temu’s US prime-time campaign that helped it challenge Amazon.com.

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Electric & new energy vehicles

Pony AI and Toyota roll out robotaxis in China’s autonomous drive push

Guangzhou-based Pony AI begins output of 1,000 autonomous cabs and targets a 3,000-unit fleet by the end of 2026 as it expands globally.

Pony AI is one of three robotaxi firms that have received approval from authorities to operate driverless cabs on designated roads in cities like Beijing and Shanghai. Photo: Handout
Pony AI is one of three robotaxi firms that have received approval from authorities to operate driverless cabs on designated roads in cities like Beijing and Shanghai. Photo: Handout
Artificial intelligence

ByteDance’s new model sparks stock rally as China’s AI video battle escalates

Seedance 2.0 thrills early adopters with cinematic realism and fuels debate over AI’s role in filmmaking and content creation.

Mergers & Acquisitions

M&A market ‘firing on all cylinders’, headed for record year: Citigroup

Confident companies and investors, solid economic growth, low inflation and ample capital drive outlook, bank’s global M&A co-head says.

Electric & new energy vehicles

AutoFlight unveils world’s largest flying car as China races to lead the skies

CATL-backed AutoFlight debuts Matrix, targeting global expansion, as Beijing moves to set standards for domestic eVTOL makers and operators.

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AutoFlight describes eVTOL aircraft Matrix as the largest of its kind in the world. Photo: Handout
Artificial intelligence

US software rout spills over to China’s SaaS sector

The software sector in China has long been constrained by slower cloud adoption and a weaker appetite for recurring subscription fees.

AI letters and a robot hand are seen on computer motherboard in this illustration created on June 23, 2023. Photo: Reuters
AI letters and a robot hand are seen on computer motherboard in this illustration created on June 23, 2023. Photo: Reuters
Electric & new energy vehicles

Tesla launches China AI training centre as self-driving race accelerates

US EV giant opens hub to advance its Full Self-Driving software, as Chinese carmakers step up their own L3 autonomous driving plans.

Artificial intelligence

Sweet surge: Qwen overtakes Yuanbao after Alibaba’s bubble tea campaign

More than 10 million free orders put Alibaba’s AI app in the spotlight amid a high-stakes battle for Spring Festival attention.

Made in China 2025

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners.

A view of the Shanghai facility of Fosun Pharma’s biopharma unit Henlius. Photo: Handout
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