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Tech war: US start-up Anthropic blocks Chinese firms’ subsidiaries worldwide from AI access

US artificial intelligence start-up Anthropic has updated its service restriction policy to prohibit access from global subsidiaries of Chinese companies…

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Chinese firms still want Nvidia chips despite Beijing pressure not to buy, sources say

Alibaba Group Holding, ByteDance and other Chinese tech firms remained keen on Nvidia’s artificial intelligence chips despite regulators in Beijing…

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Cambricon shares slump 14%, the most in 7 months, as reality check hits investors

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the…

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Yunfeng Financial invests US$44 million in ether amid Hong Kong’s virtual asset push

Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, said it was investing in the cryptocurrency ether as…

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Ant Group acquires stake in Chinese memory chip firm InnoStar in self-sufficiency push

Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding…

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Hong Kong stocks rise ahead of earnings reports from heavyweights Alibaba and ICBC

The Hang Seng Index rose 0.6 per cent to 25,156.89 at the noon break and was set to end a…

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New Business

Hong Kong stocks fall for a third day, hurt by Meituan profit slump, Nvidia outlook

Hong Kong stocks fell on Thursday as the price wars in the food delivery and electric vehicle (EV) sectors and…

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China’s Pony.ai eyes ‘sizeable fleet’ in Hong Kong, unfazed by Tesla robotaxi competition

“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said…

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New Business

Hong Kong stocks slip on profit-taking as excitement over Fed rate cut outlook fades

Hong Kong stocks fell on Tuesday as investors booked profits amid uncertainties over the pace and scale of the US…

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New Business

Huawei revamps cloud computing unit to prioritise AI amid China-US tech war

Huawei Technologies has begun a major restructuring of its cloud computing unit as the Chinese tech giant sharpens its focus…

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