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Artificial intelligence
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Guo Yike, provost of HKUST and director of HKGAI, delivers remarks at the launch event on Wednesday. Photo: Dickson Lee
Artificial intelligence

Hong Kong unveils HKGAI-V3 model built on domestic tech and DeepSeek V4

Agent Workshop operated stably for up to 28 hours without interruption in a single session to produce a research report.

DeepSeek

China’s DeepSeek nears US$7 billion haul in first-ever funding round

Start-ups

Hong Kong commits US$383 million to university spin-offs in tech hub push

Artificial intelligence

Mainland Chinese locked out of Computex Taipei amid cross-strait tensions

Two travel agencies specialising in cross-strait travel say none of their clients have received entry-permit approvals this year.

Visitors view Nvidia’s AI Factory MGX Ecosystem display during Computex in Taipei on Tuesday. Photo: AFP
Visitors view Nvidia’s AI Factory MGX Ecosystem display during Computex in Taipei on Tuesday. Photo: AFP
Smartphones

Huawei to ship more units as price surges dent China’s smartphone sales: report

As higher memory prices raise costs for China’s handset makers, a research firm predicted Huawei would be the only domestic brand to increase shipments.

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.

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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.

The survey findings come as businesses race to adopt AI despite persistent challenges in proving returns on investment. Photo: Shutterstoc
The survey findings come as businesses race to adopt AI despite persistent challenges in proving returns on investment. Photo: Shutterstoc
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.

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.

Artificial intelligence

MiniMax debuts AI model built for long and complex coding tasks

Shanghai-based company says M3 can process data five times faster than its predecessor, while also slashing inference costs.

MiniMax says AI model M3 has increased response speed and lowered inference costs. Photo: Shutterstock
Banking & finance

Hong Kong’s venture fund eyes bigger bankroll after double-digit return

Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund.

Hong Kong Investment Corporation CEO Clara Chan Ka-chai speaks at a forum at Regent Hong Kong on May 22, 2025. Photo: Jonathan Wong
Hong Kong Investment Corporation CEO Clara Chan Ka-chai speaks at a forum at Regent Hong Kong on May 22, 2025. Photo: Jonathan Wong
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.

videocam
Semiconductors

How US export curbs are forcing China to redesign its AI chip industry

China’s tech giants are pursuing ASICs, a type of custom chip, over generic GPUs dominated by American giants like Nvidia.

Artificial intelligence

Exclusive | How early bet on photonics gave this Chinese venture capital firm an AI windfall

For Mi Lei, founder of venture capital firm CAS Star, the sudden fascination with photonics is less a surprise than a delayed validation.

Optics have been drastically revalued as AI clusters scale to unprecedented sizes. Photo: Shutterstock Images
Semiconductors

Is Huawei’s new chip scaling law a true breakthrough, or mere hype?

Company says 3D design can deliver world-beating chips without the best chipmaking gear, rewriting the playbook for China’s tech future.

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

Alibaba AI voice model beats OpenAI, xAI to bridge Chinese dialect gap

The new model supports more than 30 languages, seven major Chinese dialects and over 20 regional accents.

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.

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Robotics

Alibaba, Tencent lead pivot from chatbots to embodied AI for robotics

Embodied AI and autonomous agents are increasingly viewed by investors as one of the next major growth areas for the sector, UBS says.

A customer interacts with an AgiBot humanoid at a car dealership in Shanghai, April 8, 2025. Photo: Reuters
A customer interacts with an AgiBot humanoid at a car dealership in Shanghai, April 8, 2025. Photo: Reuters
Artificial intelligence

China’s MiniMax records 1-million client base, fivefold growth in half a year

Its global user base reaches 300 million while ARR more than doubles in two months, though company reports large total losses.

Artificial intelligence

US banks roll out American AI in Hong Kong despite geopolitical tensions

US AI companies have restricted access for users in Hong Kong and mainland China, forcing banks to navigate a compliance minefield.

Artificial intelligence

Alibaba AI beats Google and OpenAI in global coding rankings

The Chinese tech giant is the only non-US firm to crack the top five in Code Arena’s latest leaderboard.

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The logo of Chinese technology firm Alibaba is seen at its office in Beijing. Photo: AP
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
Banking & finance

Tech edge to boost Chinese firms’ overseas revenues to record high: UBS

Carmaking, power supply chains at forefront of China’s go-global expansion, driven by rising technological competitiveness, Swiss bank says.

China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

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.

The Alipay logo is displayed next to a QR payment code on the app. Photo: Reuters
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