In late January, a Chinese start-up unveiled an artificial intelligence (AI) model that it says outperforms its peers. As familiar as this sounds, the company in question is not DeepSeek. Rather, what the appearance of another Chinese AI model like Moonshot’s Kimi k1.5 shows is that China’s rapid AI iterations are no anomaly – they…
Hammering home the central government’s hope that tech breakthroughs will become a driving force for the Chinese economy and help pave a path of self-reliance, Premier Li Qiang has called on state-owned telecom giants to accelerate research and be more innovative. The urging came during visits by Li on Tuesday to companies and research centres…
Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure…
Alibaba Group’s headline-grabbing rally tops off what’s been an incredible month for Chinese tech stocks. In late January, the sudden arrival of made-in-China artificial intelligence app DeepSeek pulled the rug out from under Wall Street’s “Trump trade” party. The surge was driven by bets that US President Donald Trump’s policies would send US shares skyward….
For years, Shenzhen has been synonymous with Chinese innovation. The southern megacity – and the firms it has spawned over the decades – have become the indisputable champions of the country’s drive for technological self-reliance, as well as its struggle against containment efforts led by the US. But as the tech race expands from chips,…
CLN KraneShares Key News Asian equities were largely lower despite a weaker U.S. dollar overnight, as Japan outperformed and India underperformed. Hong Kong-listed growth stocks were hit with profit-taking, triggered by President Donald Trump’s last Friday night release stating “The Committee on Foreign Investment in the United States (CFIUS) will be used to restrict Chinese…
Beijing, China: Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Investors have piled into Chinese technology stocks since the start of the year, with Alibaba — which…
But that reign is over—a casualty, in part, of the escalating U.S.-China technology Cold War. Apple has fallen from first to third in the country, dethroned by two Chinese companies, Vivo and Huawei, that offered similar features at lower costs as China’s economy slumped. Now Apple has a new offering in the world’s biggest smartphone…
Alibaba Group’s formerly exiled founder Jack Ma’s appearance at Chinese President Xi Jinping’s recent symposium highlights Beijing’s determination to use innovative technologies to maintain its economic growth. After forcing Alibaba’s Ant Group to scrap its initial public offering in Hong Kong in November 2020, Beijing spent a year and a half tightening regulations in the…
China’s home-grown technological innovations – like the DeepSeek large language model that has taken the artificial intelligence (AI) industry by storm – are enabling the world’s second-largest economy to empower industries and critical infrastructure to carry out their core functions with fewer concerns over data security. Just over a month since the January launch of…