Xiaomi stock dips after co-founder Lin Bin unveils US$2 billion share sale plan

South China Morning Post - Dec 29, 2025

Xiaomi shares came under pressure after the smartphone maker said its co-founder and vice-chairman plans to sell up to US$2 billion worth of shares starting from December 2026, stoking investor concerns over future supply. The company said in a voluntary filing on Sunday night that Lin Bin intended to offload class B shares, with sales capped at US$500 million in any rolling 12-month period and the total disposal amount not to exceed US$2 billion. Xiaomi said the proceeds were mainly earmarked...

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Long before artificial intelligence became the next big thing in the tech industry, Wang Jian was crafting the foundational infrastructure that would eventually power it. In 2008, he joined Alibaba Group Holding – owner of the South China Morning Post – as chief architect and founded Alibaba Cloud in 2009, convincing the company’s leadership to invest heavily in building a cloud computing infrastructure from scratch. Today, Wang’s purview has expanded considerably. As an academician at the...

China shoots ahead on AI video models

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Why cloud computing pioneer Wang Jian thinks space is the next AI frontier

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Nvidia’s Jensen Huang brings ‘sovereign AI’ push to Kazakhstan, shrugs off bubble fears

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

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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...

Unitree developing AI system to let humanoid robots improve themselves

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

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

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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...

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

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

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

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...

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