China’s 2025 May Day holiday saw a strong rebound in travel and consumer spending, with both domestic and cross-border tourism reaching new highs, supported by the country’s advanced digital payment infrastructure. Why it matters:The May Day holiday, among China’s longest public breaks, is often seen as a key indicator of consumer spending sentiment in the…
Pharus Diagnostics, a Li Ka-shing-backed developer of diagnostic tests for cancer powered by artificial intelligence (AI), said it would tap into fundraising channels in Hong Kong. The Taiwan-based start-up aims to complete a round of fundraising and a clinical study on lung cancer by the end of the year, said CEO Philip Huang. “Currently, we…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…