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Unitree Robotics reaches unicorn status with ByteDance, Alibaba, Tencent funding

Unitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from…

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New Business

Mainland Chinese households set to buy another US$100 billion of Hong Kong stocks: HSBC

Mainland Chinese households are sitting on 160 trillion yuan (US$22 trillion) in cash, mostly stashed away in bank time deposits,…

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New Business

Tech war: US curbs on global use of Huawei chips add uncertainty to China’s AI investment

New US guidelines on the use of Huawei Technologies’ Ascend chips have introduced fresh uncertainty into China’s investment spree in…

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New Business

Tencent testing DeepSeek to add China’s hottest AI technology to its Weixin super app

Tencent Holdings said it is testing the integration of DeepSeek’s service on Weixin, as the operator of China’s most popular…

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New Business

DeepSeek drives AI adoption by local Chinese governments from Shenzhen to Kunshan

A growing number of local governments in China are rushing to adopt DeepSeek’s artificial intelligence (AI) models to enhance administration…

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New Business

Alibaba offers more DeepSeek AI models at low prices, denies investment rumours

Alibaba’s cloud computing and AI unit is offering six new DeepSeek models through its large language model (LLM) service platform…

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New Business

Smartphone giant Honor names Huawei veteran to lead firm as CEO George Zhao Ming resigns

Chinese smartphone giant Honor’s long-standing chief executive, George Zhao Ming, has resigned owing to personal reasons, according to the company,…

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New Business

China’s record dividend payout puts yuan under pressure amid US-China tensions

China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts…

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New Business

China says executives of state firms will be judged on stock performance

China said top managers of central state-owned enterprises (SOEs) will be partly judged on their companies’ stock performances and must…

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New Business

China M&A transaction volume to bottom out this year, rise 15% in 2025: UBS

Transaction volume in China’s mergers and acquisitions (M&A) market will bottom out this year and rise by 15 per cent…

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