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Chinese firms still want Nvidia chips despite Beijing pressure not to buy, sources say

Alibaba Group Holding, ByteDance and other Chinese tech firms remained keen on Nvidia’s artificial intelligence chips despite regulators in Beijing…

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New Business

Chinese companies could start making money from AI agents next year, UBS says

Chinese companies could start making money from their artificial intelligence agents – software systems that use AI to autonomously plan…

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New Business

Cambricon shares slump 14%, the most in 7 months, as reality check hits investors

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the…

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New Business

Ant Group acquires stake in Chinese memory chip firm InnoStar in self-sufficiency push

Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding…

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New Business

Facing China’s solar power industry, EU advised to concede defeat

A group of French and German economists has urged Europe to identify which industries to support in the face of…

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New Business

China advances development bank to help 10 Eurasian countries curb US dollar risks

A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the…

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New Business

Young Chinese are seeking their fortune in Southeast Asia. Will they find it?

Kent Cai, a Chinese entrepreneur based in the eastern province of Zhejiang, made a major life decision earlier this year…

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New Business

China’s turbine leap, a billion-dollar property sale in Hong Kong: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond…

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New Business

XtalPi’s 615% jump in drug revenue highlights China’s biotech boom after DoveTree deal

Shenzhen-based XtalPi posted a 615 per cent surge in first-half revenue from its drug-discovery business following a blockbuster deal that…

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New Business

JD.com’s property unit joins 2 firms in a US$1 billion Singapore Reit, sources say

The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based real estate…

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