The state-owned company bought about 1.4 million shares of WeRide and 14,500 shares of Pony.ai in the September quarter, according to its 13F filings released on Friday. The total value of the shares was around US$13.7 million. Temasek has a history of investing in autonomous driving companies. These included the Swedish transport firm Einride, a…
“The assertions and innuendos in the article are completely false,” an Alibaba representative said. “We question the motivation behind the anonymous leak, which the FT admits that they cannot verify.” The Alibaba representative called the article a “malicious PR operation” that appears to “undermine President Trump’s recent trade deal with China”. Hangzhou-based Alibaba owns the…
China’s internet giants are poised to drive the continued adoption of artificial intelligence in the country, with AI chip shortages unlikely to pose significant obstacles for the sector in the short term, according to JPMorgan analysts. Sustained user adoption of AI features would be a key theme in the coming year despite the absence of…
Chinese tech giant Baidu unveiled two artificial intelligence chips at its annual developer and client event on Thursday, underscoring the company’s ambition to play a pivotal role in the nation’s drive for technological self-sufficiency, alongside Huawei Technologies and other domestic players. Baidu introduced the M100, designed by its chip unit Kunlunxin Technology to significantly enhance…
Beijing-based Moonshot AI, a start-up valued at US$3.3 billion and backed by Chinese tech giants like Alibaba Group Holding and Tencent Holdings, has presented another David-vs-Goliath story after creating an open-source model that “set new records across benchmarks that assess reasoning, coding and agent capabilities”. The new reasoning model, Kimi K2 Thinking, was the most…
Investors in the West are underestimating the scale of innovation, entrepreneurship and economic momentum happening in China, leading to missed opportunities, according to William Ford, chairman and CEO of US private equity firm General Atlantic. “Investors avoid investing in China at their own peril,” Ford said in an exclusive interview with the Post on the…
Yadea – the world’s leading electric two-wheeler brand for eight consecutive years – runs a plant in its home base of Wuxi, in east China’s Jiangsu province, where a single assembly line can produce 1,300 electric bicycles and scooters a day, offering visitors a glimpse of the country’s manufacturing prowess. As of last year, Hong…
The “Robot Phone” was unveiled by Honor online in a promotional video that showed the gimbal-stabilised camera unfurl from the back camera module and appear to pivot while tracking its subject’s movement. Honor described the unique smartphone as a “revolutionary AI device that fuses multi-modal intelligence, advanced robotics and next-generation imaging”. The Shenzhen-based company, which…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…
Visa-free travel abroad and free toll roads at home are expected to fuel a surge in travel by Chinese citizens during an extra-long holiday starting this week, in what analysts call a boon for the service economy. Total trips outside mainland China are forecast to reach between 8 million and 8.4 million – more than…