The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for…
China’s energy-drinks giant Eastroc Beverage neither rose nor fell in its debut in Hong Kong on Tuesday amid investor caution following regulatory scrutiny of poor-quality listing applications. Shares of the Shenzhen-based company, which makes an alternative to Red Bull, opened at HK$248, matching the offer price. Eastroc raised HK$10.14 billion (US$1.3 billion) by issuing 40.89…
China’s Spring Festival has emerged as a high-stakes arena for artificial intelligence and robotics companies, with tech giants Tencent Holdings and Baidu committing a combined 1.5 billion yuan (US$215 million) to their digital red packet campaigns. Chinese social media and gaming giant Tencent announced on Sunday that its AI chatbot app Yuanbao would give away…
Specialised data sets can make AI services more helpful to vulnerable users who have become progressively reliant on them for emotional support and health assistance, according to Lu Shiyu, a senior researcher at Tencent Research Institute (TRI). Since 2024, Lu’s team at TRI – the public strategy research unit of Shenzhen-based Tencent – has been…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
China’s bold policy changes and booming tech sectors are creating fresh momentum for U.S.-listed Chinese companies like Tencent Holdings TCEHY, Bilibili BILI, and Baidu BIDU, as Beijing prepares for an economic turnaround in 2026. In December 2025, China’s Politburo announced a major policy change, moving to a moderately loose monetary policy for the first time…
Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago, which was the bright spot to an otherwise lacklustre financial quarter. The Beijing-based company’s third-quarter revenue declined 7 per cent year on year to 31.2 billion yuan (US$4.4…
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 –…
Beijing-based Moonshot AI, a start-up valued at US$3.3 billion and backed by Chinese tech giants like Alibaba Group Holding and Tencent Holdings, has presented another David-vs-Goliath story after creating an open-source model that “set new records across benchmarks that assess reasoning, coding and agent capabilities”. The new reasoning model, Kimi K2 Thinking, was the most…