Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent posted a beat on second-quarter revenue thanks to an acceleration at its China gaming unit and AI-driven advertising, but its core profit missed analyst…
Google’s display at APEC Digital Weeks in Chengdu on July 23, 2026 did not focus on Gemini. Evelyn Cheng | CNBC BEIJING — The artificial intelligence race between the U.S. and China is heating up in the world’s largest continent: Asia. “The American strategy is to stop China from becoming the leading AI supplier for…
Tencent’s Chief AI Scientist Yao Shunyu (R) discusses the tech outlook with Tencent CNBC | Evelyn Cheng BEIJING — A former OpenAI researcher is now chief AI scientist for Tencent in China, and wants to build artificial general intelligence. It’s a sign of a shift in the U.S.-China tech race. AI with human-level or above…
A man looks at a screen showing Chinese stock market movements as he uses his mobile phone in Beijing on April 7, 2025. Wang Zhao | Afp | Getty Images Chinese equities could get a fresh boost after this week’s high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping, with investors saying…
China’s artificial intelligence race has no finish line. DeepSeek, Moonshot AI, Alibaba and even consumer electronics firm Xiaomi have all dropped new models in recent weeks, jostling for position on leaderboards. From native AI startups to platform giants, companies across the sector face growing pressure to innovate, expand their user base and find paths to…
A journalist films Xiaomi SU7 Ultra cars during a Xiaomi track day driving experience in Tianjin, in northern China on April 23, 2026, ahead of the Beijing Auto Show which opens on April 24. (Photo by GREG BAKER / AFP via Getty Images) Greg Baker | Afp | Getty Images BEIJING — Foreign automakers are…
A man wears a lobster hat that represent the OpenClaw logo, an open-source AI assistant at the Baidu headquarter in Beijing on March 11, 2026. Adek Berry | Afp | Getty Images China is rapidly embracing the popular artificial intelligence tool OpenClaw, with major tech companies and even local governments rushing to expand access to…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story There’s nothing quite like the holiday rush in China for the Lunar New Year. The Beijing city streets start emptying out several days in advance…
US stock futures are ticking upward this morning, with the S&P 500 set to open about 0.1% higher after a market-moving end to the government shutdown. Congress passed a bill to fully reopen the government following a record 43-day closure, and this sudden return to normal operations has pushed the key interest rate for 10-year…