37 h. ago China’s rich step up offshore bets as gold and insurance gain favour

China’s rich step up offshore bets as gold and insurance gain favour  South China Morning Post

Politics

8 d. ago Xiaomi hires engineer from Tesla’s Optimus team to lead robotic hand development

Xiaomi has hired a former engineer from Tesla’s Optimus team, Zach Lu Zeyu, to join the Chinese tech giant’s robotics initiatives, as the talent grab in the industry intensifies. Lu, previously a senior robotics engineer focused on the Optimus humanoid robot, joined Xiaomi last month to lead the Beijing-based firm’s dexterous hand research and development operations, according to his LinkedIn page. During his two years at Tesla, Lu worked on the design for dexterous grasping and manipulation, as...

Politics

2 w. ago Chinese tech giants from Kuaishou to Tencent reap early gains from big AI bets

Chinese technology powerhouses are beginning to reap early returns from their heavy investments in artificial intelligence, with quarterly results showing the impact across businesses from short video platforms like Kuaishou Technology to social media giants like Tencent Holdings. Kuaishou, China’s second-largest short video app and rival to TikTok’s Chinese sibling Douyin, was the latest to highlight gains from AI adoption. The company, in an earnings statement on Wednesday, attributed its...

Politics

2 w. ago Alibaba revamps chatbot amid US ‘panic’ over firm’s AI progress

Alibaba Group Holding has begun a revamp of its artificial intelligence chatbot in a move to match OpenAI’s ChatGPT, according to app store information and media reports, as some observers see “panic” in Silicon Valley over the Chinese tech giant’s rapid AI progress. The new chatbot app, Qwen, an upgraded and renamed version of the previous app, Tongyi, became available on Android and Apple app stores on Friday. Alibaba dubbed the updated app the “most powerful official AI assistant for its...

Politics

3 w. ago Tencent expands into AI ‘world models’ as tech giants chase spatial intelligence

Chinese tech giant Tencent Holdings is laying the groundwork for what many see as the next frontier of artificial intelligence by investing in “world models” that simulate the physical environment, according to its head of 3D generation and world modelling. China’s most valuable tech conglomerate joins a fast-growing cohort that includes Google DeepMind and Elon Musk’s xAI in exploring “spatial intelligence”, which some experts have described as “AI’s next great frontier”. On Wednesday, AI...

Politics

3 w. ago Why new model of China’s Moonshot AI stirs ‘DeepSeek moment’ debate

A new reasoning model developed by a Chinese artificial intelligence start-up – with its performance exceeding OpenAI’s GPT-5 and Anthropic’s Claude Sonnet 4.5 in a number of metrics – has fanned fresh debate about another DeepSeek moment and the trajectory of America’s AI supremacy. Beijing-based Moonshot AI, a start-up valued at US$3.3 billion and backed by Chinese tech giants like Alibaba Group Holding and Tencent Holdings, has presented another David-vs-Goliath story after creating an...

Politics