Ant Group consolidates Alipay operations in big bet on AI ‘agentic commerce’

South China Morning Post - Sep 22, 2026

Chinese fintech giant Ant Group has revamped its online payments operations by creating a new business group for Alipay, as it sharpens its artificial intelligence focus on “agentic commerce” to drive new growth. Ant, an Alibaba Group Holding affiliate, merged its Digital Payment Business Group, Alipay Business Group and Zhima Credit Business Group into a new business unit dedicated to Alipay, according to an internal letter from CEO Cyril Han Xinyi on Monday, as reported by Chinese media outlet...

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China to see major shift to Huawei for AI model training in 2027: deputy chair

China to see major shift to Huawei for AI model training in 2027: deputy chair

Huawei Technologies expects a major domestic shift towards its artificial intelligence computing infrastructure for model training next year, as its Ascend processors gain ground on Nvidia in China despite supply constraints, according to rotating chairman Eric Xu Zhijun. “I believe that starting from next year, a lot of the AI model training will be based on the SuperPoD or SuperCluster based on Ascend 950DT,” Xu told reporters during the Huawei Connect 2026 conference in Shanghai on...

How Huawei plans to bypass US chip curbs with its new UnifiedBus technology

How Huawei plans to bypass US chip curbs with its new UnifiedBus technology

Huawei Technologies on Thursday unveiled a new computing architecture that it says could make as many as 1 million processors work as a single computer, putting its UnifiedBus interconnect technology at the centre of an ambitious effort to rethink how large data centres are built. The Peerium Computing Architecture combines nested parallelism, unified memory addressing and peer-to-peer interconnect, with UnifiedBus serving as the high-speed fabric connecting processors, memory, storage and...

Once reliant on Samsung and SK Hynix, Chinese smartphone makers are turning to CXMT

Once reliant on Samsung and SK Hynix, Chinese smartphone makers are turning to CXMT

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) is gaining ground among local smartphone vendors, with some of its high-end chips finding their way into flagship Chinese handsets as vendors push into the premium market. ZTE-backed Nubia’s NaviX Ultra that went on sale on Wednesday used LPDDR5X DRAM chips from CXMT, the companies announced earlier this month. The handset was dubbed the Nubia Doubao phone due to its integration of TikTok parent ByteDance’s Doubao artificial...

Huawei quickens AI chip pace, promises next entrant 3 quarters early

Huawei quickens AI chip pace, promises next entrant 3 quarters early

Huawei Technologies said on Thursday that it would launch its next-generation artificial intelligence chip in the first quarter of 2027, moving the target launch forward by nine months as the firm aggressively expands its ecosystem amid China’s self-sufficiency push. David Wang Tao, rotating and acting chairman for Huawei, said on Thursday that the Ascend 960DT chip, an AI chip designed for model training, “with performance doubling”, would be “ready in the first quarter of 2027”, three quarters...

Huawei unveils latest tech to boost AI power in push to break China’s Nvidia reliance

Huawei unveils latest tech to boost AI power in push to break China’s Nvidia reliance

Huawei Technologies on Thursday unveiled its latest Atlas 960 SuperPoD computing cluster and an upgraded version of its UnifiedBus interconnect technology, key components of the Chinese tech giant’s strategy to build advanced artificial intelligence systems despite US semiconductor-related restrictions. At the Huawei Connect 2026 conference in Shanghai, the Shenzhen-based firm introduced near-packaged optics (NPOs) – a placement structure enabling higher speeds and lower energy use – to the...

China’s AI chip stocks face crucial test as MetaX lock-up period expires

China’s AI chip stocks face crucial test as MetaX lock-up period expires

China is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares are released for trading, after the expiry of a similar lock-up period for shares in fellow AI chip firm Moore Threads last week sparked an avalanche of sales that wiped nearly 49 billion yuan...

Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources

Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources

China’s Moonshot AI has attracted global investor interest spanning Europe, Asia and the Middle East, people familiar with the matter say, as international capital scrambles for access to Chinese frontier artificial intelligence labs, betting on their high-stakes race against US rivals. The Beijing-based developer of the Kimi family of AI models has seen mounting interest from overseas players ranging from European investment firms to Middle East family offices, with some seeking indirect...

China is beating the US in consumer AI adoption, thanks to super apps: Morgan Stanley

China is beating the US in consumer AI adoption, thanks to super apps: Morgan Stanley

China is surging ahead of the US in consumer AI adoption as technology giants like Tencent Holdings and Alibaba Group Holding embed artificial intelligence directly into popular everyday apps, even as American models lead in capability, according to Morgan Stanley. A survey conducted by the bank and published in a report on Monday showed that 80 per cent of Chinese respondents used AI for personal purposes at least weekly, compared with 54 per cent in the US. China’s generative AI user base grew...

Forget AI KPIs: how China’s tech giants are rationing tokens for employees

Forget AI KPIs: how China’s tech giants are rationing tokens for employees

When generative artificial intelligence first swept through China’s technology sector, workers faced a clear directive from management: use AI and use it often. Consuming vast numbers of AI tokens – the basic unit of computing power needed to process text or write code – became a badge of honour, with companies often viewing a high token count as a sign that employees were productive and taking initiative. But those computing allowances are now being sharply rolled back as China’s leading...

Cloudy with a chance of Big Macs: McDonald’s and Meituan launch drone route in Shanghai

Cloudy with a chance of Big Macs: McDonald’s and Meituan launch drone route in Shanghai

Shanghai’s bustling riverfront has become the latest testing ground for urban logistics technology, with McDonald’s and Chinese food-delivery giant Meituan joining forces to launch the country’s first catering brand-exclusive drone-delivery route. Commencing operations last week, the new service allows visitors strolling or exercising along the scenic West Bund area in Shanghai’s Xuhui district to have their fast-food orders ‘airdropped’ directly to designated kiosks, according to a recent...

Trump downplays need to check AI development, says he is unwilling to cede edge to China

Trump downplays need to check AI development, says he is unwilling to cede edge to China

US President Donald Trump on Sunday played down the need for his administration to check the development of artificial intelligence, saying he worried about ceding America’s edge over China in a global competition and that winning would help address the risks from the advancing technology. While acknowledging the need for some regulation, Trump provided no specifics about potential rules and attributed warnings about the technology moving too quickly and with little oversight to “negative...

The US and China are racing to build ‘self-improving AI’. Here’s what’s at stake

The US and China are racing to build ‘self-improving AI’. Here’s what’s at stake

The US-China race for artificial intelligence dominance has entered a new phase: using AI to build better AI. Leading AI companies in the United States and China are increasingly focused on deploying advanced models to write code, design experiments, and develop training techniques that can be used to improve more powerful models. The ultimate goal is to achieve what the industry refers to as recursive self-improvement (RSI) – the creation of AI systems that can train themselves...

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