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Chinese chip maker Black Sesame slumps 26% in IPO as market turmoil worries investors

Black Sesame International, a Chinese chip maker focused on autonomous-driving systems, slumped in its Hong Kong trading debut as market…

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Tech

Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

In the first seven months of 2024, chip imports totalled 308.1 billion units, worth about US$212 billion, according to data…

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Tech

Baidu Maps reports brief service outage amid autonomous driving push on Chinese roads

The map service operated by Baidu reported a brief service breakdown on Wednesday afternoon, according to its users and customer…

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Tech

China approves 487 deepfake algorithms from the likes of Baidu, Alibaba and Tencent

The new list from the internet watchdog Cyberspace Administration of China (CAC) is the second-largest since the regulation came into…

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Tech

Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO

Based in Wuhan, capital of central Hubei province, Black Sesame plans to float 37 million shares at a price range…

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Tech

Opinion | Hong Kong can’t afford to lose out on generative AI

Such decisions were made by those companies themselves rather than the Hong Kong government. Unfortunately, the restrictions may be the…

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Tech

Sora finds a new rival in China as start-up Shengshu AI rolls out text-to-video tool

Shengshu said Vidu is able to generate a four-second clip in 30 seconds, according to a statement. That makes it…

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Tech

Baidu, investors said to be in talks to raise US$2 billion for biotech start-up using AI technology

Chinese tech giant Baidu is in talks with investors to raise up to US$2 billion over three years for a…

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Tech

China’s robotaxi bet: all roads on island connecting Macau open to self-driving cars

Hengqin, an island in the southern city of Zhuhai that serves as the gateway to the gambling hub of Macau,…

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Tech

Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries…

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