4 h. ago China Evergrande liquidators looking to sell stake in property services unit

China Evergrande liquidators looking to sell stake in property services unit  Reuters

Politics

3 d. ago Alibaba Cloud leads US$140 million funding round for AI start

Alibaba Group Holding’s artificial intelligence and cloud computing services unit recently led a 1 billion yuan (US$140 million) Series A+ funding round for X Square Robot, a Shenzhen-based developer of embodied intelligence models. The deal marked Alibaba Cloud’s first investment in the embodied intelligence field, according to a statement on Monday from X Square Robot. The start-up said it expected “multidimensional support” from the Hangzhou-based company. Alibaba owns the South China Morning...

Economics

9 d. ago China Evergrande liquidators apply for receivers to identify founder's assets

China Evergrande liquidators apply for receivers to identify founder's assets  Reuters

Politics

1 week ago Chip designer Cambricon stays in the spotlight amid market potential

Shares of Cambricon Technologies on Monday closed lower on the Shanghai Stock Exchange after a representative of Alibaba Group Holding denied speculation that it had ordered 150,000 graphics processing units (GPUs) from the Beijing-based AI chip designer. According to the representative, the platform of Alibaba Cloud – the artificial intelligence and cloud computing services unit of e-commerce giant Alibaba – was powered by multiple Chinese-designed GPUs. Alibaba owns the South China Morning...

Politics

3 w. ago Huawei opens Douyin account to promote HiSilicon as it expands chip design work

Huawei Technologies has opened an account on Douyin, China’s version of TikTok, to promote the custom design services of its HiSilicon chip unit, even as the company continues to maintain a cloak of secrecy around its Kirin smartphone and Ascend AI chips. The Douyin account, set up by HiSilicon (Shanghai), said the company aimed to “enable smart devices for a fully connected world.” As of Thursday, it had three posts and nearly 50,000 followers. The first post, published on Wednesday, was a...

Economics

3 w. ago China Telecom unit says AI wave drives steady growth in digital services market

China Communication Services, the country’s leading telecommunications infrastructure contractor, said a wave of artificial intelligence projects is now driving digital transformation in thousands of industries and providing a boost to the company’s three major business segments. Beijing-based China Comservice, a subsidiary of China Telecom, made that assessment on Thursday as the firm reported its latest financial results, which showed growth in both revenue and net profit in the first six...

Politics

last month China Evergrande liquidators say $255 million of assets have been sold

China Evergrande liquidators say $255 million of assets have been sold  Reuters

Economics