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Xpeng bets big on flying cars with US$413 million investment in new Guangzhou factory

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition…

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New Business

Sci-fi to reality: Chinese EV makers outpace Tesla in the autonomous-driving race

Last week, Yale Dong finally got his chance to test Tesla’s much-heralded Full Self-Driving (FSD) autonomous navigation feature in China.…

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New Business

Baidu launches new AI models, touts superiority to DeepSeek, OpenAI on benchmarks

Chinese technology giant Baidu released two new artificial intelligence (AI) models that it touted as stronger than those of DeepSeek…

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New Business

Hong Kong stocks slip with Asian markets, Nasdaq on heightened recession risks

Hong Kong stocks slid for a third straight day, tracking losses in major Asian markets, amid concerns rising tensions in…

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New Business

Hong Kong stocks slip on China deflation fears as consumer prices decline

Hong Kong stocks fell on Monday on investor worries about deflation after China reported a decline in consumer prices. The…

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New Business

ByteDance short video service Douyin offers users quick access to AI chatbot

TikTok sibling Douyin – which had 880 million monthly active users in January, according to market research firm Analysys Qianfan…

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New Business

China’s Baidu to issue yuan-denominated bonds as US$600 million debt comes due

Chinese technology firm Baidu plans to issue yuan-denominated bonds in offshore markets to repay existing debt and fund general corporate…

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New Business

Bridgewater reports mixed returns after pruning Alibaba, adding bets on Li Auto, Baidu

Bridgewater Associates trimmed most of its holdings in US-listed Chinese stocks last quarter, including bets on Alibaba Group Holding and…

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New Business

With DeepSeek, China moves to take on Nvidia’s CUDA ecosystem

DeepSeek is generating unprecedented momentum for China’s efforts to reduce its reliance on the ecosystem of Nvidia, as domestic chip…

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New Business

DeepSeek founder Liang Wenfeng skips Paris AI summit as China champions its global role

DeepSeek’s founder Liang Wenfeng skipped the two-day Artificial Intelligence Action Summit in Paris despite being invited to attend, as top…

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