58 m. ago Meet Goku, the Chinese quant fund with AI ambitions beyond finance

Goku Technologies, a Shanghai-based quantitative trading fund, is expanding its ambitions beyond finance, looking to artificial intelligence (AI) as a means to overcome challenges faced by humanity, according to CEO Wang Xiao. In an interview with the Post, Wang said the firm’s AI initiatives were driven by a vision that transcended short-term commercial interests. “What I believe is [AI exists] to solve issues for humanity – this is the only thing that matters,” he said. Last month, Goku...

Politics

64 h. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

64 h. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International, a spin-off of Ant’s global operations, said in a statement on...

Politics

3 d. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

3 d. ago iFlytek says using local chips in AI models extends development time by 3 months

A senior Chinese tech executive admits that using mainland-produced semiconductors could delay the development of artificial intelligence (AI) models by three months, but insisted that his company would continue to use these chips and push improved processes. Liu Qingfeng, chairman and founder of Chinese voice recognition solution provider iFlytek, said that the extended AI model development process was due to the need for additional computing resources, compared with using Nvidia chips and...

Politics

3 d. ago GoPro rival Insta360 eyes global expansion after strong Shanghai IPO

Insta360, the Chinese action camera maker challenging GoPro, surged 285 per cent in its trading debut on Shanghai’s Star Market after raising 1.9 billion yuan (US$264.5 million) in the city’s largest initial public offering (IPO) in 17 months. Max Richter, who co-founded the company with 34-year-old Chinese entrepreneur Liu Jingkang in 2015, said Insta360 is “committed to expanding [its] global presence and elevating brand influence to boost [its] market share worldwide”. He identified China,...

Politics

4 d. ago Chinese academy launches automated system to speed up chip design

The Chinese Academy of Sciences (CAS), the nation’s premier science institution, has unveiled a chip design system driven by artificial intelligence (AI) that has the potential to significantly accelerate semiconductor development and replace human programmers. Developed by the State Key Laboratory of Processor and the Intelligent Software Research Centre, both under CAS, and the University of the Chinese Academy of Sciences, the fully automated integrated circuit design system is called QiMeng,...

Politics

4 d. ago Apple’s most sweeping software redesign disappoints mainland Chinese consumers

Mainland Chinese consumers were left unimpressed by Apple’s most sweeping software redesign in its history, according to domestic social media posts on Tuesday, at a time when the US technology giant faces growing headwinds in the world’s largest smartphone market. Apple on Monday previewed a new software interface design, called Liquid Glass, during the company’s annual Worldwide Developers Conference held at its US headquarters in Cupertino, California. For the very first time, the new design...

Events

4 d. ago A quantum leap: Chinese institute begins photonic chip production

An institute affiliated with Shanghai Jiao Tong University has commenced production of photonic chips, marking a milestone in China’s semiconductor sector and providing a boost to the country’s quantum computing capabilities in spite of increased US export controls. The Chip Hub for Integrated Photonics Xplore (CHIPX), located in Wuxi in eastern Jiangsu province, now produces 6-inch thin-film lithium niobate photonic chip wafers, according to local authorities. The development underscores...

Politics

4 d. ago Chinese premier urges faster tech applications amid US export controls

Chinese Premier Li Qiang has called for a push to speed up the application of new advances in science and technology, as the country accelerates efforts to break its dependence on US tech and develop a world-leading industrial base. In a State Council meeting on Monday, Li called the application of new technologies the “last mile” of innovation, as it links innovation and industry and is important in driving new products and services, state-run news agency Xinhua reported. The premier’s comments...

Politics

5 d. ago US vows reprieve on some tech export restrictions as talks with China begin in London

Top economic officials from Washington and Beijing have launched a high-stakes round of trade talks in London, with a senior White House official signaling soon after the start that the US will ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard...

Politics

5 d. ago US hints at reprieve on some tech export restrictions as talks with China begin

Top economic officials from Washington and Beijing launched a high-stakes round of trade talks in London, with a senior White House official signalling soon after the start that the US would ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by Chinese Vice-Premier He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick...

Politics

6 d. ago Tech hub Shenzhen launches plan to support consumption, exporters amid trade war

China’s top export city and tech hub, Shenzhen, is stepping up efforts to boost domestic consumption and support exporters amid a turbulent trade war between Beijing and Washington. “Consumption is the fundamental driving force behind economic growth and development,” according to a 39-point plan released by the Shenzhen Municipal Development and Reform Commission on Friday. Shenzhen will leverage its strategic strengths in four key categories: artificial intelligence (AI) terminals, smart home...

Events

7 d. ago Chinese AR glasses maker Rokid is going global with Alibaba partnership

Rokid, a Chinese maker of augmented reality (AR) glasses, is set to launch its latest AR Spatial eyewear globally through Alibaba Group Holding’s AliExpress e-commerce platform, as the company pushes into overseas markets amid rising competition in the industry. The Hangzhou-based company will debut the glasses overseas on June 16 during the AliExpress 618 summer sale period this month, leveraging the e-commerce giant’s “BigSave” programme to offer a nearly US$100 discount, bringing the cost...

Politics

8 d. ago Alibaba unveils new AI embedding models, a field it leads globally

Alibaba Group Holding has made its Qwen3 Embedding series available for developers, in the Chinese tech giant’s latest bid to solidify its global leadership in open-source artificial intelligence (AI) models. Released late on Thursday, the series marks another addition to the company’s line-up of large language models (LLMs), which are among the world’s most popular open-source AI systems, according to New York-based computer app company Hugging Face. Alibaba, owner of the South China Morning...

Politics

1 week ago U.S. ban on EDA software hits Chinese tech companies hard — Xiaomi, Lenovo among affected

U.S. ban on EDA software hits Chinese tech companies hard — Xiaomi, Lenovo among affected  Tom's Hardware

Events

1 week ago Xiaomi among Chinese tech groups set to be hardest hit by US chip software ban

Xiaomi among Chinese tech groups set to be hardest hit by US chip software ban  Financial Times

Events

2 w. ago Jensen Huang Just Delivered a Startling Message About Nvidia's Future in China

Jensen Huang Just Delivered a Startling Message About Nvidia's Future in China  The Motley Fool

Politics

2 w. ago Chinese robotics star Agibot adds JD.com as investor, joining Tencent

Chinese e-commerce giant JD.com has recently become a shareholder in Tencent Holdings-backed robotics star AgiBot, as China’s robotics industry has become one of the most closely watched sectors this year among investors and tech giants. AgiBot, also known as Zhiyuan Robotics, was established in 2023 by a founding team that included Huawei Technologies veterans and professors. The company recently added JD subsidiary JD Technology as a shareholder of its main entity, Shanghai Zhiyuan New...

Economics

2 w. ago Chinese tech companies prepare for AI future without Nvidia, FT reports

Chinese tech companies prepare for AI future without Nvidia, FT reports  Reuters

Politics