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Chinese AI start-up MiniMax shines on Hong Kong IPO debut

Shares of Chinese artificial intelligence start-up MiniMax Group surged on their Hong Kong debut on Friday, reflecting investor confidence after…

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New Business

China, South Korea sign US$44 million in trade deals after years of friction

China and South Korea have reignited their economic cooperation after years of relatively muted ties, signing US$44 million in new…

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New Business

Alibaba’s Amap rolls out AI-powered 3D virtual tours for offline destinations

Amap, the mapping and navigation platform of Alibaba Group Holding, has launched new features powered by its top-ranking world model,…

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New Business

China’s second-hand boom fuels bruising battle for trade-in traffic

Thanks to tighter budgets and a growing taste for retro tech, Chinese millennials and Gen Z consumers – who once…

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Burglary of JD.com warehouse in France prompts investigation, speculation

Following the burglary of a warehouse belonging to Chinese e-commerce giant JD.com on Monday, a judicial source has confirmed an…

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Developing | Health and beauty chain Mannings to withdraw from mainland China

Mannings, one of Hong Kong’s largest health and beauty chains, will cease all retail operations in mainland China, both online…

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New Business

Alibaba creates new unit to push consumer use of its Qwen AI models

The new business unit, Qwen Consumer Business Group, led by Alibaba vice-president Wu Jia, will oversee the Qwen chatbot app,…

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New Business

Ant International signs WNBA star Sabrina Ionescu as brand ambassador

Ant International, the Singapore-based affiliate of Chinese fintech giant Ant Group, has named US basketball star Sabrina Ionescu as its…

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New Business

As China defies US tech blockade, can local AI chipmakers capture Nvidia’s market share?

With the technology race between the United States and China, the world’s two largest economies, intensifying even though a trade…

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New Business

Alibaba launches US$537 Quark AI glasses to challenge wearables from Meta, Xiaomi, Rokid

The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1…

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