The US-China race for artificial intelligence dominance has entered a new phase: using AI to build better AI. Leading AI…
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Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal
Shares of Kuaishou Technology fell more than 6 per cent on Tuesday morning after Tencent Holdings slashed its stake in…
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AI boom sparks Kingboard subsidiary’s US$1.5 billion stake sale to ramp up PCB capacity
Riding on a buoyant stock market for artificial intelligence hardware components, Kingboard Holdings plans to raise HK$11.77 billion (US$1.5 billion)…
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Co-founder of Chinese EV battery giant pockets US$239 million windfall from 1% stake sale
Huang Shilin, co-founder of Contemporary Amperex Technology (CATL) and its third-largest shareholder, has cashed in on a rally in the…
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JD.com denies buying majority stake in Hong Kong’s Kai Bo grocery chain
Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s…
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Robot maker AgiBot seeks stake in Shanghai-listed firm in potential back-door listing move
Tencent Holdings-backed AgiBot plans to acquire a controlling stake in a Shanghai-listed company for roughly 2 billion yuan (US$279 million),…
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China’s top chipmaker SMIC offloads stake in Ningbo affiliate to focus on core operations
Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chipmaker, has divested its entire stake in an unprofitable chip foundry…
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Musk asks state AGs to auction off OpenAI stake in non-profit restructuring, sources say
A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push OpenAI…
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Uber said to eye US$10 million stake in IPO of China’s Pony AI amid self-driving boom
Uber Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next…
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Taiwan’s Pegatron sells majority stake in India iPhone plant to Tata, sources say
India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India,…
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