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China’s Guangxi province launches ‘AI super league’ to nurture Asean-facing start-ups

The competition, titled “AI for All”, will run through September and features 17 tracks, including automobile, tourism, cross-border e-commerce, smart…

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New Business

China’s top market regulator summons Alibaba, Meituan, JD.com over delivery price war

China’s State Administration for Market Regulation (SAMR) on Friday summoned major online food delivery platforms – Alibaba Group Holding’s Ele.me,…

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New Business

How China’s open-source AI is helping DeepSeek, Alibaba take on Silicon Valley

July 9, 2024, may be remembered as a day of humiliation for China’s artificial intelligence community. On that day, US…

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New Business

Korean funds are buying Chinese stocks again after selling US$984 million in past 3 years

South Korean fund managers are renewing their interest in Chinese equities after pulling back from the market in the past…

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New Business

MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong…

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New Business

Chinese brain drain a great loss for US, Nvidia CEO Jensen Huang says

It is a “great loss” for the United States that many Chinese academics and researchers have left the country and…

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New Business

Alibaba’s US$7 billion subsidy deepens China’s instant e-commerce war with JD.com, Meituan

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over…

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New Business

Chinese jeweller Laopu Gold surges 15% as investors devour 69 million shares post lock-up

A surge in the supply of Laopu Gold shares after the end of a lock-up period turned out to be…

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New Business

Hong Kong stocks’ rally to extend into second half, but US-China risks remain: analysts

Hong Kong’s stock market rally is expected to extend into the second half of the year, thanks to a surge…

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New Business

Alibaba and JD.com claim record participation in 618 sales event, boosted by subsidies

More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and…

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