Tencent Holdings said it is testing the integration of DeepSeek’s service on Weixin, as the operator of China’s most popular super app looks to artificial intelligence (AI) to power its suite of services from social networking to e-payments and ride-hailing. In the current beta test, users can click an “AI Search” option on the search…
Chinese President Xi Jinping will host a meeting next week with some of the nation’s top entrepreneurs – including six Hangzhou-based start-ups known as the “Six Little Dragons” – to recognise progress in critical areas of technological advancement and show support to the private sector, according to sources. Between 20 and 30 founders and chief…
Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said. Xi rarely chairs symposiums about the private sector, and the event underscores the numerous challenges currently facing…
CLN KraneShares Key News Asian equities were mixed but mostly higher overnight as Hong Kong and Mainland China outperformed and Indonesia and the Philippines underperformed. DeepSeek announced that it would be restricting access to its servers due to capacity constraints. This is interesting as, while its model was efficient and relatively cheap to develop, ever-increasing…
The cloud-computing unit of Huawei Technologies has worked overtime with a local company during the Lunar New Year holidays to make DeepSeek’s artificial intelligence (AI) models available to end users on its platform in an efficient and affordable way. Huawei’s cloud unit teamed up with Beijing-based AI infrastructure start-up SiliconFlow to make DeepSeek’s large language…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is…
“Marvel Snap” was removed from US app stores alongside TikTok this weekend. The Supreme Court upheld a law requiring ByteDance to divest TikTok, affecting its other apps too. “Marvel Rivals” is so far unaffected but is also owned by a major Chinese conglomerate. “Marvel Snap,” a popular mobile card game, is now gone from US…
Four districts in southern China on Friday formed a pilot framework under which connected cars will be mutually recognised, a mechanism designed to allow autonomous robotaxis to travel across cities. The Nansha district of Guangzhou, Shenzhen’s Qianhai and Bao’an districts, as well as Hengqin, an island co-administered by Zhuhai and Macau, agreed to the connected…