ByteDance valuation said to hit record US$550 billion in proposed equity sale

South China Morning Post - Feb 25, 2026

US private equity firm General Atlantic is selling an equity stake in TikTok owner ByteDance in a deal that raises its valuation of the private Chinese company to US$550 billion, Reuters reported on Wednesday, citing two unnamed sources. The deal, still pending, confirms a previous report by the South China Morning Post in December that ByteDance’s valuation had surged to US$500 billion on the private market, up from US$400 billion as recently as the second quarter of 2025. General Atlantic...

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China’s humanoid robots hunt for work in South Korea as Seoul bets on physical AI

China’s humanoid robots hunt for work in South Korea as Seoul bets on physical AI

This article was first published by The Korea Times in a partnership with the South China Morning Post. Chinese humanoid robot makers are accelerating efforts to gain a foothold in South Korea, moving beyond dance performances and showroom displays to factory trials and commercial deployments, as Seoul ramps up investment in physical artificial intelligence. A growing number of Chinese robotics companies – including Hong Kong-listed UBTech Robotics, start-up Anyverse Dynamics, Shanghai-based...

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Unitree Robotics is developing a “self-evolving” feedback loop designed to allow humanoid robots to write code, run simulations and improve their real-world performance independently, founder Wang Xingxing said, in a move that mirrors a broader push towards “self-improving” artificial intelligence. Speaking on Thursday at a physical AI conference hosted by Unitree in Hangzhou, Wang unveiled the project, dubbed “Unitree Rehearsal”, which he called the company’s most important initiative of the...

China’s Unitree unveils ‘guardian’ robot that can disarm attackers, lift cars

China’s Unitree unveils ‘guardian’ robot that can disarm attackers, lift cars

A knife-wielding intruder is confronted. A car is lifted to free a trapped victim. A pedestrian is pulled from the path of an oncoming vehicle. The scenes described are not from a Hollywood blockbuster, but a promotional clip for a new “guardian” robot created by the Chinese technology firm Unitree Robotics. The footage for the H2-X model, released on Wednesday, underscores a wider shift in strategy by the Hangzhou-based firm, as it focuses on finding practical, real-world uses for its athletic...

Meta to pay New Mexico a historic US$25 billion in Cambridge Analytica Facebook case

Meta to pay New Mexico a historic US$25 billion in Cambridge Analytica Facebook case

Meta Platforms was ordered to pay a groundbreaking US$25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is among the largest verdicts issued in US legal history. The award comes after a jury in Santa Fe determined that Meta had violated the state’s consumer protection over 43 million times based on widely viewed deceptive statements made by the company and its top...

Tesla signs deal to integrate Alipay into its cars as China competition heats up

Tesla signs deal to integrate Alipay into its cars as China competition heats up

Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...

Washington’s DeepSeek ban may deter US firms from adopting Chinese AI models: experts

Washington’s DeepSeek ban may deter US firms from adopting Chinese AI models: experts

The US government’s latest ban on Chinese artificial intelligence start-up DeepSeek could have a chilling effect on the wider American business community and deter companies from adopting low-cost Chinese AI models, industry experts say. The US Department of Homeland Security (DHS) ordered federal civilian agencies to remove DeepSeek products and third-party services built on the Chinese AI model from their IT systems, according to a directive signed in July and published on Monday. The...

Nvidia CEO to deliver keynote speech in Berlin as his firm faces investor scrutiny over AI

Nvidia CEO to deliver keynote speech in Berlin as his firm faces investor scrutiny over AI

Nvidia CEO Jensen Huang is set to take the stage in Berlin on Wednesday, as the world’s most valuable company faces heightened investor scrutiny over whether the massive artificial intelligence spending boom – the engine behind the chipmaker’s meteoric growth – can deliver long-term returns. The conference agenda focuses on sovereign AI, industrial automation and operational infrastructure – key sectors where Nvidia hopes to drive demand beyond the handful of US tech giants currently dominating...

DeepSeek seeks ‘total victory’ over closed-source AI with new open-source tool

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Chinese artificial intelligence start-up DeepSeek has fully open-sourced an internally developed framework designed to run AI models efficiently, as a senior researcher at the company described the growing divide between open-source and closed-source AI as a battle between “light and darkness”. The company on Tuesday released DeepInfer, an inference framework tailored to support its DeepSeek-V4.1-Flash model on both Nvidia’s SM100 Blackwell graphics processing units (GPUs) and Huawei...

Why Anthropic has a major China problem ahead of its blockbuster IPO

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China creates state-owned firm in Xiongan to develop nation’s AI data resources

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China has set up a new state-owned enterprise dedicated to managing the country’s massive data resources, a significant move designed to turbocharge the nation’s artificial intelligence industry and bolster its digital economy. The National Data Group Co – based in China’s “city of the future”, Xiongan New Area in northern Hebei province – is tasked with “developing and utilising data resources, unlocking the value of data elements, serving AI development and fostering a data industry...

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

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