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Alibaba, Baidu lead China’s AI cloud boom as market surges 55% to US$2.7 billion

Baidu and Alibaba Group Holding led the market for public cloud services supporting artificial intelligence in China last year, as…

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New Business

Baidu’s Apollo Go robotaxi service achieves 20,000km of ‘safe driving’ in Hong Kong trials

Baidu’s Apollo Go robotaxi service has racked up 20,000 kilometres of “safe driving” in Hong Kong road tests, the company…

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Temasek fine tunes Chinese stock portfolio as PIF exits Alibaba in sovereign fund tweaks

Two of the world’s largest sovereign wealth funds have adjusted their stakes in Chinese equities, trimming their exposure to technology…

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World’s top hedge fund Bridgewater dumps all China stocks in retreat from market

The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter,…

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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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Hong Kong stocks waver as investors search for catalysts to drive momentum

Hong Kong stocks wavered on Thursday after China pledged to curb “irrational competition” in the electric vehicle (EV) sector, while…

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Hong Kong stocks rangebound as traders focus on US tariff threats, ignore China trade data

Hong Kong stocks fluctuated on Monday as traders weighed renewed US tariff threats against better-than-expected China trade data. The Hang…

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Chinese unicorn Moonshot launches AI model Kimi K2 in red-hot open-source market

Chinese start-up Moonshot AI has released a new open-source artificial intelligence (AI) model, called Kimi K2, that is touted to…

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China AI champion Baidu rolls out most sweeping changes to search platform in a decade

Beijing-based Baidu has now enlarged the mobile app’s search bar and turned it into a “smart box” that supports long…

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New Business

Opinion | Labubu’s rise reflects hitmaker ability of China’s digital ecosystem

The global frenzy around China’s Labubu, the candy-coloured monster character with the mischievous smile adorning bags, desks, streets and social…

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