Technology
Fintech firm Ant International raises US$1.2b to fuel global growth
Jul 21, 2026

Fintech firm Ant International raises US$1.2b to fuel global growth

Ant International, the affiliate of Chinese fintech giant Ant Group, has raised about US$1.2 billion in a Series A funding round to fuel its global expansion, the company said on Tuesday. Existing bac...

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Why China’s open-weight AI model Kimi K3 is sparking anxiety in Silicon Valley
Jul 20, 2026

Why China’s open-weight AI model Kimi K3 is sparking anxiety in Silicon Valley

Chinese start-up Moonshot AI’s Kimi K3 has narrowed the country’s artificial intelligence gap with the US to “a matter of weeks”, fuelling jitters in Silicon Valley over its lead in frontier AI as Chi...

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No longer token economy? SenseTime bets on ‘task economy’ as token prices set to drop
Jul 20, 2026

No longer token economy? SenseTime bets on ‘task economy’ as token prices set to drop

The commercialisation of artificial intelligence is poised to transition from a “token economy” to a “task economy” as token prices decline in the coming years, according to Chinese AI company SenseTi...

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Kimi K3 developer suspends new subscriptions amid compute constraints
Jul 20, 2026

Kimi K3 developer suspends new subscriptions amid compute constraints

Chinese start-up Moonshot AI has suspended new subscriptions for its groundbreaking new model Kimi K3 as surging demand squeezes its computing power, underscoring the challenges Chinese AI labs face i...

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How Chinese tech giants from Ant to Tencent use AI agents to win over enterprise clients
Jul 19, 2026

How Chinese tech giants from Ant to Tencent use AI agents to win over enterprise clients

Chinese tech giants are doubling down on enterprise artificial intelligence agents with new products unveiled at the country’s top AI summit, signalling heightened domestic rivalry to win over busines...

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Alibaba targets Nvidia’s dominant software ecosystem with open-source AI stack
Jul 18, 2026

Alibaba targets Nvidia’s dominant software ecosystem with open-source AI stack

Alibaba Group Holding’s chip design unit, T-Head, has announced that it will open-source its proprietary software stack, marking its latest effort to streamline developer operations and challenge the ...

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Xi’s call on AI, Trump blasts China, US tariffs
Jul 17, 2026

Xi’s call on AI, Trump blasts China, US tariffs

Chinese President Xi Jinping stressed the dual nature of artificial intelligence’s opportunities and challenges, calling for a principle of “openness” and regulations to keep the technology “secure an...

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Xi Jinping calls for ‘openness’, opposes ‘one country’ rule in AI – as it happened
Jul 17, 2026

Xi Jinping calls for ‘openness’, opposes ‘one country’ rule in AI – as it happened

President Xi Jinping spoke on Friday at the opening of the 2026 World Artificial Intelligence Conference (WAIC), China’s largest annual event for the AI industry. Xi’s personal attendance elevated the...

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From humanoids to Huawei: what to watch as Xi attends China’s WAIC amid US AI rivalry
Jul 17, 2026

From humanoids to Huawei: what to watch as Xi attends China’s WAIC amid US AI rivalry

China will use its largest annual artificial intelligence gathering this week to showcase an ambition that extends beyond catching up with the United States in foundation models to building dominance ...

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China memory-chip maker CXMT set for mega IPO
Jul 16, 2026

China memory-chip maker CXMT set for mega IPO

Subscriptions began on Thursday for shares in memory-chip maker ChangXin Memory Technologies (CXMT) ahead of its listing on Shanghai’s Star Market in what could be mainland China’s second biggest init...

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