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China Future Tech
At the market close on Monday, Zhipu’s market cap stood at HK$585.8 billion, about 2.6 times higher than Minimax’s HK$159.3 billion. Photo: Shutterstock

Big Tech

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

China warns of security risks in relay services for foreign AI models

Alibaba forges Token Foundry as it hammers AI ambitions into shape

Tech War

SpaceX IPO set to lift industry in push for space-based AI, solar power: report

The company’s expected listing may boost overall satellite industry profit as it expands into more space-based applications.

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A SpaceX booster carrying the Starship spacecraft lifts off at Starbase, Texas, on May 22. Photo: Reuters
A SpaceX booster carrying the Starship spacecraft lifts off at Starbase, Texas, on May 22. Photo: Reuters

Tech War

Chinese start-up says its nanoimprint tech can produce optical chips without DUV

There is debate over the real value of nanoimprint lithography when it comes to volumes, yields and non-photonic chips.

Banking & Finance

Hong Kong tech gauge welcomes MiniMax, Zhipu in AI milestone amid slump

Analysts say substantial passive inflows may follow the inclusion of MiniMax and Zhipu, though looming lock-up expiries risk diluting gains.

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Tech

Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies

The company behind the Kimi chatbot is aiming for a valuation that would place it among China’s most valuable AI start-ups.

Moonshot AI's new funding round could value the company at as much as US$30 billion. Photo: Shutterstock Images
Moonshot AI's new funding round could value the company at as much as US$30 billion. Photo: Shutterstock Images

Tech

DeepSeek’s bargain AI triggers price war across China’s tech sector

DeepSeek’s pricing shock is rippling through China’s AI sector, pressuring rivals and unsettling cloud providers.

Policy

Green power: China computing hub boosts smart factory push

The launch of a prefabricated energy hub aims for more efficient industrial infrastructure while cutting costs and emissions from rising AI use.

China Business

Which company could become the Chinese Pfizer? Here are analysts’ top picks

A boom in outlicensing agreements leads to a debate over which Chinese firms may be first to break into overseas markets with own brands.

Chinese pharmaceutical companies may expand into international markets in the coming years. Photo: Shutterstock

Policy

What does Washington’s latest AI chip guidance mean for Chinese tech firms?

Beijing has criticised the move, but lawyers say the US document is more a clarification than a brand-new curb.

Overseas subsidiaries of Chinese firms were already barred from freely buying advanced AI chips under pre-existing US frameworks. Photo: Shutterstock Images
Overseas subsidiaries of Chinese firms were already barred from freely buying advanced AI chips under pre-existing US frameworks. Photo: Shutterstock Images

Tech

Chinese memory makers step up challenge to Korea’s chip champions

CXMT and YMTC are nearing public listings, giving China’s memory-chip sector fresh firepower in its pursuit of Samsung and SK Hynix.

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Big Tech

China launches space computing hub as SpaceX gears up for historic IPO

New institute highlights Beijing’s bid to leapfrog energy bottlenecks and underscores how tech race with US is moving off-planet.

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Tech Trends

Chinese researchers tackle AI training bottleneck for household robots

The framework breaks the constraints of conventional indoor scene generation, which has long been confined to single-room layouts.

A robot works in a simulated home scenario at the Humanoid Robot Data Training Centre in Shougang Park, in Beijing on March 29, 2026. Photo: Xinhua

Tech

Huawei chips refine DeepSeek model in leap for China’s AI self-reliance

While Chinese chipmakers have found success in supporting AI inference, they are struggling with the far more complex process of training.

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The Huawei booth at the Beijing International Automotive Exhibition, April 25, 2026. Photo: EPA
The Huawei booth at the Beijing International Automotive Exhibition, April 25, 2026. Photo: EPA

Big Tech

Tencent’s AI chief dismisses lag concerns, says race a ‘long-term game’

Yao says he does not think ChatGPT and Claude Code will be the only super apps, as ‘new opportunities will inevitably emerge’.

China Business

AI effect vaults China’s Zhongji Innolight to top of stock benchmark

Maker of optical modules surpasses CATL in weighting thanks to off-the-charts demand from Alphabet, Amazon, Meta and Huawei.

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Tech War

A cloud above the clouds: US, China jockey for position in computing space race

China could be a leading player in the new technological battlefield, but the US has a substantial lead in essential tools such as reusable rockets.

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Illustration: Henry Wong
Illustration: Henry Wong

Tech

Prognosis positive: how AI could help China bridge the medical resources gap

Hospitals, medical professionals and patients stand to benefit as country pushes to integrate AI into healthcare sector.

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Big Tech

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

Western competitors like GoPro face shrinking footprints as strategic shifts of Chinese firms disrupt the status quo while navigating FCC-led national security bans.

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Blockchain

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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Illustration by Lau Ka-kuen
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

United States & Canada

US takes step to halt Nvidia AI chip shipments to Chinese overseas subsidiaries

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The Nvidia headquarters in Santa Clara, California. Photo: Getty Images / TNS

Big Tech

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

At the market close on Monday, Zhipu’s market cap stood at HK$585.8 billion, about 2.6 times higher than Minimax’s HK$159.3 billion. Photo: Shutterstock

Big Tech

China warns of security risks in relay services for foreign AI models

The Ministry of State Security advises local developers to choose authorised platforms and take precautions to protect user data. Photo: Reuters

Tech

Alibaba forges Token Foundry as it hammers AI ambitions into shape

Alibaba is stepping up efforts to align its businesses around a unified AI strategy. Photo: AFP

China Business

China’s EV giants challenge Tesla in race to commercialise humanoid robots

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Shaping up: Chinese EV manufacturers including BYD and Xpeng are now accelerating plans to mass-produce humanoid robots. Photo: Kyodo
MORE IN China Future Tech
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OPINION
Brian Y. S. Wong

Opinion | As AI upends humanity, we must focus on what makes us human

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Opinion | Why America’s AI firms are hedging when it comes to China

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Nicholas Spiro

The View | Energy crisis showcases strengths of China’s data centre market

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MULTIMEDIA
Video

Chinese robots show America they have ‘got talent’

In the talent competition show America's Got Talent, that aired on Tuesday evening local time, eight Unitree G1 humanoid robots performed an elaborate dance routine alongside Wu Yufei, a Chinese dancer from Sichuan province. The performance was part of an audition for the talent competition show, with competitors vying for the grand prize of US$1 million. Photo: America's Got Talent
01:26
Video

Are we on the verge of another nuclear age?

Thumbnail for DeepDive video: Are we on the verge of another nuclear age?
09:18
Video

China’s Unitree unveils manned mecha

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01:02
Video

What is this robot at the Met Gala?

Met Gala robot wows on the red carpet
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