HANGZHOU, China The tech war between the US and China continues as Chinese firms Tencent and Deep Robotics produce artificial intelligence (AI) and robot technologies that rival those of their American counterparts, becoming viable alternatives in the global tech scene. The fierce and long-standing US–China rivalry is not only diplomatic or via trade but also…
As the dust barely settles on “Made in China 2025”, Beijing is intensifying its quest for technological supremacy with a focus on “future industries” amid its escalating rivalry with the United States. Authorities are pushing boundaries in their pursuit of a new growth model centred on technological breakthroughs and industrial upgrades. What are “future industries”?…
A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies. The announcement from Financial Secretary Paul Chan Mo-po on Sunday confirmed an earlier Post…
A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies. The announcement from Financial Secretary Paul Chan Mo-po on Sunday confirmed an earlier Post…
A total of 41 new corporate venture capital funds were registered in the coastal province last year, the highest number among those recorded in 18 mainland provinces in the same period, according to the latest data from CYZone Research Centre in China. Zhejiang has been attracting more investments amid the province’s evolution from e-commerce hub…
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,…
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…
Chinese start-up Manycore Tech, operator of the world’s largest spatial design platform, has applied for an initial public offering (IPO) in Hong Kong, three years after its attempt to list on the Nasdaq stock exchange lapsed. Manycore’s IPO filing, jointly sponsored by JPMorgan and CCB International, did not provide the amount it intends to raise…
Hangzhou, the capital of China’s southeastern Zhejiang province, is rapidly gaining recognition as a leading technology hub in the country with the rise of local start-ups known as the “Six Little Dragons”. Among the hottest of the start-ups right now is DeepSeek, which captured global attention this year for its cost-efficient artificial intelligence (AI) models….