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Secretary for Innovation, Technology and Industry Sun Dong delivers opening remarks at the HKUST Unicorn Day on Tuesday. Photo: Handout
Start-ups

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

Launched in October 2023, the scheme requires university teams to successfully commercialise their R&D outcomes within five years.

Artificial intelligence

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

Smartphones

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

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
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.

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.

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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Unitree robots perform dance moves at Global Sources Hong Kong Shows at AsiaWorld-Expo in Chek Lap Kok. The exhibition showcases the newest technologies in mobile accessories and AI-powered consumer electronics. Photo: Eugene Lee
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.

China’s AI chipmakers are battling to forge a self-reliant silicon ecosystem. Photo: Shutterstock Images
China’s AI chipmakers are battling to forge a self-reliant silicon ecosystem. Photo: Shutterstock Images
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.

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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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.

Voice-based AI systems are generally seen as easier for mainstream users to adopt than text-based interfaces. Photo: Shutterstock Images
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.

MuleRun offers agents for different tasks, including video generation, stock analysis and social media management. Photo: Handout
MuleRun offers agents for different tasks, including video generation, stock analysis and social media management. Photo: Handout
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.

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.

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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.

The Citibank logo is seen outside its headquarters in New York. Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc. Photo: AP
The Citibank logo is seen outside its headquarters in New York. Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc. Photo: AP
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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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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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.

UBS expects China’s power and car supply chain sectors to outperform. Photo: EPA
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.

An electronic board shows stock prices below a pedestrian bridge in the Lujiazui financial district in Shanghai. Photo: Reuters
An electronic board shows stock prices below a pedestrian bridge in the Lujiazui financial district in Shanghai. Photo: Reuters
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.

China jobs

China has a crucial edge in the global AI race: public optimism

Public attitudes towards AI are ‘strikingly positive’ in China, with only a small minority worried it will lead to fewer job openings, survey finds.

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Artificial intelligence

As China’s humanoid-robot hype cools, Unitree sees profit plunge

A filing shows adjusted profit fell 53 per cent, even as revenue continued to rise, highlighting tough competition in humanoid robot sector.

A Unitree humanoid robot displayed during an international exhibition on AI in Cannes, France, on February 12. Photo: EPA
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