ByteDance accounts for roughly one-fifth of China’s delivered data centre capacity, making the TikTok owner the country’s largest tenant and…
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China’s telecoms giants bet on ‘token factories’ as AI drives revenue growth
China’s three state-owned telecoms giants have made billable artificial intelligence tokens a key focus of their growth strategies, as AI…
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Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending
Alibaba Group Holding on Thursday reported revenue growth of 45 per cent for its cloud and artificial intelligence division in…
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AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong
China’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by…
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Fosun drives up interest for Hong Kong stock performance-linked tokens on blockchains
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure,…
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AI boom drives record loans for data centres in Southeast Asia
Artificial intelligence (AI) advances are fuelling a funding frenzy for data centres in Asia, spawning a series of record-breaking loans…
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Ant International drives AI in cross-border payments to boost global expansion
Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for…
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