MindWorks closed a US$220 million fund, with backing from sovereign wealth funds, a university endowment, and ‘new economy entrepreneurs’.
HarmonyOS Next, which Huawei touts as being entirely independently developed, no longer supports Android-based applications.
A Wuhan-based lab has announced a ‘milestone’ that could help China overcome restraints imposed by traditional chip-design technology.
Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.
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Both firms have increased investments in the city, waiving delivery fees for some orders and boosting services such as local product returns.
The Wuhan-based firm recently introduced to the domestic market its 64-gigabyte NM101, a type of storage-class memory chip.
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In her latest tenure as rotating chairwoman, Meng is expected to oversee the launch of Huawei’s next flagship 5G smartphone series, the Mate 70.
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Scams are the most common online threat in Hong Kong, causing lost money or time for nearly two thirds of the victims, a new report says.
Former finance vice-minister Zhu Guangyao called cryptocurrencies a ‘crucial aspect for the development of the entire digital economy’.
China remains about a year behind the US in LLMs, and may have more catching up to do after OpenAI’s latest o1 model, according to experts.
The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.
Delivery charges on the city’s Taobao users will be waived for certain orders that cost more than US$14 during this fourth quarter.
Two executives with US citizenship at Chinese chip gear maker AMEC have stepped down from their positions, as trade tensions between the US and China escalate.
The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.
E-commerce platforms are offering price cuts of up to 11% on Apple’s latest smartphones, as Huawei steals the market buzz.
LLM developers have run out of organic data to train models, so they are turning to reinforcement learning to generate more data.
HarmonyOS Next is ‘entirely independently developed and autonomous’, executive says at trade fair.
Technology ministry claims ‘significant technological breakthroughs’ in deep-ultraviolet lithography by unnamed companies.
A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.
To mark the 25th anniversary of Alibaba’s founding, Ma called on all employees to overcome competitive pressure, despite various challenges.
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The latest AI device portfolio from Lenovo reflects efforts by the global PC industry to boost its recovery this year.
Zhixiaobao, a play on the Chinese name for Alipay, helps users with daily tasks such as ordering meals or hailing taxis through text or voice prompts.
The acquisition makes Ant Bank Macao an indirect subsidiary of AGTech, while Ant Group remains the bank’s second-largest shareholder.
Video-01 is the first iteration of the firm’s Sora-like tool, with future updates expected to enable users to generate videos from images.
Chongqing-based Xiangdixian has dissolved the company and terminated the contracts of nearly 400 employees, according to Chinese media reports.
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The head of the year-old blockchain venture says he aims to leverage Hong Kong’s supportive environment to build a critical Web3 services company.
Beijing set up the new chip fund under the state-owned Zhongguancun Development Group, joining a slew of chip investment funds across China.
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Revenue for the Chinese AI giant reached US$244.3 million for the first six months of 2024, but traditional AI revenue has more than halved.
The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.
IBM is the latest global tech giant to cut jobs in China this year, as an intensified Sino-US rivalry threatens their mainland businesses.