Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is…
https://orionx.net/wp-content/uploads/2025/12/HPCNB_20251215.mp3 Warmest December greetings! AI technology and its correlated impacts splashed around the world last week, here’s a fast (10:52) review of new developments, including: – Nvidia H200 exports to China – H20, H200 and Chinese AI chips: how do they stack up? – Few fast GPUs vs. many slow GPUs – China’s power…
China’s artificial intelligence still needs to improve in six aspects, from ecosystem to funding, but the emergence of DeepSeek has significantly boosted the sector’s confidence in overcoming US restrictions, according to a mainland venture capital firm. China and the US were the two top players in global AI development, with the former leading in humanoid…
Nvidia’s data focused on what are known as mixture-of-expert AI models. Nvidia has refuted a report which claimed that the Chinese artificial intelligence (AI) startup DeepSeek is utilising smuggled Blackwell chips to develop its upcoming AI model. DeepSeek drew attention in January this year when it launched the R1 AI model which, the company claimed,…
(Bloomberg) — Chinese artificial intelligence startup DeepSeek has relied on Nvidia Corp. (NVDA) chips that are banned in the country to develop an upcoming AI model, according to a new report in The Information. Nvidia’s Blackwell chips were smuggled into China through countries that permitted their sale, The Information reported, citing unnamed sources. More specifically,…
Last month, the first university jointly established by Hong Kong and the Chinese mainland, Beijing Normal-Hong Kong Baptist University (BNBU), celebrated its 20th birthday. When the mainland opened up its education sector in 2003 with its new Regulations on Sino-Foreign Cooperation in Running Schools, Baptist University was the only Hong Kong university that took the…
Chinese artificial intelligence start-ups Moonshot AI and MiniMax have emerged as China’s strongest contenders to rival US frontier labs in 2025 – even as DeepSeek has stolen the spotlight as the poster child for the country’s AI ambitions. Moonshot AI, founded by 33-year-old Yang Zhilin, has sharply raised its profile in China’s AI ecosystem with…
The US-China rivalry has long been cast as a contest between two superpowers, with one rising and the other defending its primacy. This competition has been largely measured in GDP growth, military spending and the number of aircraft carriers and alliances each side could marshal. The central criteria is “who holds power” or “who has…
Fintech giant Ant Group, an affiliate of Alibaba Group Holding, has unveiled what it called China’s first multimodal artificial intelligence assistant capable of producing code-driven outputs, including “flash apps” in as little as 30 seconds. LingGuang, described as a next-generation multimodal AI assistant, was designed to help users create a variety of simple apps –…
Ma Xiaoxiao, deputy consul general at China’s Consulate General in New York, and consul Zhao Yunzhe, met with reporters in Manhattan last Thursday. Russell Flannery China, the world’s No. 2 economy, will aim for increased technological self-reliance during the country’s upcoming five-year plan to be launched next year, a Foreign Ministry official said at a…