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China narrows AI gap with US 3 years after initial ChatGPT shock

Chinese government authorities sent urgent requests to various experts, including professors from Tsinghua University, to provide briefings on the implications…

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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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Hong Kong stocks retreat as investors await China policy cues on tech, property

Hong Kong stocks slipped on Monday, snapping a two-day rebound, as investors stayed cautious and awaited clearer policy direction ahead…

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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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Hang Seng Index set to cap worst week since April on AI bubble fears

Hong Kong stocks fell on Friday following Wall Street’s retreat as renewed concerns about the artificial intelligence sector and lacklustre…

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Chinese tech giants from Kuaishou to Tencent reap early gains from big AI bets

Chinese technology powerhouses are beginning to reap early returns from their heavy investments in artificial intelligence, with quarterly results showing…

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Hong Kong stocks reverse 4-day slide as Nvidia earnings lift sentiment

Hong Kong stocks rose for the first time in four days on Thursday, after Nvidia’s better-than-expected earnings briefly dispelled Wall…

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China’s Baidu posts 50% rise in AI revenue despite third-quarter slump

Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three…

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US funds tread carefully on China as Oaktree and Appaloosa recalibrate positions

Major US fund managers stayed cautious on China in the third quarter, with Oaktree Capital Management rebalancing its exposure to…

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Big Tech firms double down on AI glasses, as Ant offers iris authentication for payments

Chinese technology companies are stepping up their push into the smart-glasses market with new software and hardware innovations, intensifying competition…

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