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Meet DeepSeek: the Chinese start-up that is changing how AI models are trained

Chinese start-up DeepSeek has emerged as “the biggest dark horse” in the open-source large language model (LLM) arena in 2025,…

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New Business

Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the…

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New Business

Meituan to end late delivery penalty amid regulatory crackdown on algorithm misuse

Chinese food delivery giant Meituan will phase out a late delivery penalty in 2025 amid a crack down by regulators…

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New Business

Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow

Shi Yuxiang is eager to find out what the latest artificial intelligence (AI) technology has to offer in video-making. But…

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New Business

China’s Tesla rival Li Auto wants to expand into an AI and robot company

Li Auto, one of China’s closest rivals to US electric vehicle (EV) giant Tesla, is looking to reposition itself as…

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New Business

Hong Kong derivatives trading hits record high for third year amid market volatility

For a third year in a row, trading of derivatives in Hong Kong has hit a record. More than 377…

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New Business

Chinese-owned Character.ai rival vanishes from US App Store

Talkie has been unavailable in the US App Store for about six days. However, Talkie remains downloadable on Google Play,…

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New Business

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media…

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New Business

China’s food delivery platforms enforce breaks for riders clocking more gig economy hours

China’s two major on-demand delivery service providers, Meituan and Ele.me, have introduced new features that alert or forcibly log out…

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New Business

Walmart partners with China’s Meituan for 30-minute deliveries ‘anytime, anywhere’

US retail giant Walmart is teaming up with Chinese on-demand delivery giant Meituan, promising speedy door-to-door service on the mainland,…

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