According to a report on Thursday by state-owned investment bank China International Capital Corp (CICC), about 5 per cent of the country’s AI server demand will be generated from industries that produce sensitive information including government, finance, public services and healthcare. These sectors are expected to adopt the DeepSeek-powered AI machines, lifting total 2025 sales…
Hong Kong stocks swung between gains and losses on Thursday, as volatility increased after a tech-driven rally sent key benchmarks to multi-year highs. The Hang Seng Index dropped from a three-year high, falling 0.4 per cent to 23,705.54 as of 10.13am local time. The Hang Seng Tech Index lost 0.7 per cent after briefly touching…
Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals, as buyers become more budget-conscious. Galaxy from Geely Auto and Xpeng’s Mona 03, which are priced at about 150,000 yuan (US$20,580), threaten to disrupt the pecking order in China’s EV sector. “Young, middle-income consumers favour…
Liang Wenfeng, 40, took part in the meeting where a select group of industry experts – in the fields of technology, education, science, culture, health and sports – offered Li their opinions and suggestions for a draft government work report, according to official news agency Xinhua. Hangzhou-based start-up DeepSeek last December made waves in the…
China and Malaysia should “enhance political trust and firmly support each other’s core interests and major concerns”, Chinese President Xi Jinping told Malaysian Prime Minister Anwar Ibrahim in Beijing on Thursday. China and Malaysia are “key representatives” of developing nations and emerging economies in Asia, Xi said, as he called for a high-level strategic partnership…