Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company’s Hong Kong-listed shares on…
Read More
Exclusive | RedNote eyes US$2.2 billion data centre as China ramps up AI infrastructure, source says
Shanghai-based RedNote is planning the 600-megawatt project, either in Ulanqab proper, which is known for its wind and renewable energy…
Read More
Exclusive | US scientist Elsa Reichmanis defends global collaboration amid scrutiny of science exchange
American materials scientist Elsa Reichmanis, whose pioneering work helped lay part of the foundation for modern semiconductor manufacturing, said scientific…
Read More
Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources
Kuaishou-backed Kling AI is close to completing a US$3 billion fundraising round that would value the company at US$18 billion…
Read More
Exclusive | DeepSeek to soon close first external fundraising in US$50b valuation: sources
Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up…
Read More
Exclusive | ByteDance to pour US$14 billion into Nvidia chips in 2026 as computing demand surges
ByteDance plans to spend about 100 billion yuan (US$14 billion) on artificial intelligence chips from Nvidia in 2026, a hefty…
Read More
Exclusive | TikTok owner ByteDance’s valuation hits US$500 billion as US survival plan advances
China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances…
Read More
Exclusive | DeepSeek evaluates AI models for ‘frontier risks’, source says, as China promotes safety
Chinese artificial intelligence start-up DeepSeek has conducted internal evaluations on the “frontier risks” of its AI models, according to a…
Read More
Exclusive | Cyberport may use Chinese GPUs at Hong Kong supercomputing hub to cut reliance on Nvidia
Cyberport may add some graphics processing units (GPUs) made in China to its Artificial Intelligence Supercomputing Centre in Hong Kong,…
Read More
Exclusive | Justin Sun eyes ‘Swift’ system for virtual asset sector, praises Hong Kong crypto progress
Cryptocurrency entrepreneur Justin Sun says he is trying to establish the Tron blockchain, which he founded and launched in 2018,…
Read More