Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.3 per cent to 23,520.73 as of 9.45am local time, adding to a loss of 3.2 per cent since March…
President Xi Jinping’s high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore. “I wouldn’t underestimate the importance of that event,” Tsai said on Wednesday…
When Bonnie Chan Yiting was in Davos six weeks ago for the World Economic Forum’s (WEF) annual confab, the Swiss ski resort was abuzz with a groundbreaking app that a little-known artificial intelligence (AI) start-up had released half a world away in China. Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its…
Shenzhen-based Tencent, which runs the world’s largest video-gaming business by revenue and China’s biggest social-media network, made the new model widely available on Thursday through online developer platforms like GitHub and HuggingFace. Users can also add lip-synched voice to their videos as well as background sound effects, according to Tencent. In a demonstration video released…
On a bright morning in Prague or Budapest, you could be forgiven for missing the quiet but pervasive shift underway. It is not a political coup or a military confrontation, but something subtler: the steady expansion of China’s artificial intelligence (AI) influence across Central and Eastern Europe (CEE). DeepSeek, Alibaba’s Qwen, and other Chinese AI…
On today’s Market Minute, Yahoo Finance anchor Josh Lipton outlines the top stories on Wall Street. Marvell Technology (MRVL) shares plunge on the chipmaker’s weak outlook as investors weigh artificial intelligence (AI) demand sustainability. Alibaba (BABA) announces QwQ-32B, a new AI reasoning model, that the company says rivals DeepSeek’s AI model and outperforms OpenAI’s lower-cost…
In a small shop in the eastern Chinese city of Hefei, one of the rarest pieces of technology in the world is on display. The quantum computer in the showroom of Origin, a Chinese startup, looks ready to be plucked from the shelf and fired up. Only 20 such devices are produced globally each year….
An innovation competition co-organised by China’s fintech giant Ant Group and renowned universities including the Chinese University of Hong Kong (CUHK) is featuring robotics for the first time, a reflection of rising interest in the technology. The ATEC Championship 2025, hosted by the industry-university-research collaboration platform Advanced Technology Exploration Community (ATEC), has adopted the theme…
A simple handshake between Chinese President Xi Jinping and once-sidelined entrepreneur Jack Ma sent the country’s tech stocks booming in recent weeks. It was seen as the latest sign the sector is being brought in from the cold, although experts advise caution. Beijing launched a regulatory blitz on the industry in 2020 that triggered a…
When some of China’s leading entrepreneurs met Xi Jinping last week, state television showed only the back of their heads, and its 45-second clip included none of their words. But the meeting itself, the first of its kind for seven years, and the presence of Alibaba founder Jack Ma sent a powerful signal to the…