Tencent Holdings

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Manus AI lays off China staff, scrubs social media, shelves mainland service

The company behind the general-purpose artificial intelligence (AI) agent Manus laid off most of its staff in Beijing last week,…

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New Business

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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New Business

Hong Kong stocks head for weekly gain on earnings optimism; Wuxi AppTec rallies

Hong Kong stocks advanced on Friday, putting the city’s benchmark on track for a weekly gain on expectations for improved…

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Robot maker AgiBot seeks stake in Shanghai-listed firm in potential back-door listing move

Tencent Holdings-backed AgiBot plans to acquire a controlling stake in a Shanghai-listed company for roughly 2 billion yuan (US$279 million),…

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China’s cloud services spending hits US$11.6 billion in first quarter on AI-related demand

Alibaba Group Holding’s cloud computing unit continued to lead the industry in the March quarter, with a commanding 33 per…

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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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How Huawei’s silicon strategy defies US sanctions to advance China’s AI ambitions

Huawei’s advanced AI chip initiative, however, suddenly faced a major obstacle a year later in August 2020, when the US…

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Developing | Hong Kong to act as launch pad for Chinese companies’ global push in pact with Shanghai

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an…

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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

Alibaba’s Amap offers ride-hailing function catering to foreign visitors in China

Amap, the mapping and local services business under Alibaba Group Holding, has introduced a ride-hailing feature on the platform’s English…

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