3 d. ago ByteDance moves chip staff to Singapore unit in internal rejig

ByteDance has transferred its semiconductor team, comprising about 1,000 employees, to an existing Singapore-incorporated subsidiary, Picoheart (SG) – a change that was reflected in the internal directory – according to the company and staff. The Beijing-based company notified affected employees last week about the transition and moved their internal messaging accounts on the enterprise collaboration tool Feishu – known internationally as Lark – to a separate entity this week, said a source who...

Politics

3 d. ago Moonshot AI’s updated Kimi model offers expanded context window, improved coding

Alibaba Group Holding-backed Moonshot AI is set to release an updated version of the Kimi K2 artificial intelligence model that took the world by storm in July. On Wednesday, the Beijing-based start-up announced a giveaway for 20 users to beta test a model called Kimi K2-0905 on its Discord server. The announcement was later edited with the updated model’s name and other details removed. The original version of the model had been referred to as Kimi K2-0711, referring to its release date of July...

Politics

5 d. ago Chinese delivery giant Meituan releases AI model to take on Alibaba, DeepSeek

On-demand local services giant Meituan has become the latest Chinese Big Tech company to release an open-source large language model (LLM) to market, more than two years after it acquired mainland AI start-up Light Year for US$281 million. Beijing-based Meituan, the long-standing leader of China’s food delivery market, on Monday released and open-sourced its own LLM, called LongCat-Flash-Chat, via artificial intelligence developer platforms Hugging Face and GitHub, as well as the model’s...

Politics

6 d. 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

7 d. ago "Pentagon Said We Had No Defense Against This" China's Underground Military Base Near Beijing Changes Everything Forever

"Pentagon Said We Had No Defense Against This" China's Underground Military Base Near Beijing Changes Everything Forever  Sustainability Times

Events

7 d. ago China launches tiny Mexican satellites in rare North American rocket contract

Mexico has become the second country in North America to send satellites into orbit using a Chinese rocket – more than half a decade after Canada blazed the trail. Two satellites from ThumbSat, a start-up based in Tijuana, just across the border from San Diego, were among a batch of seven launched into sun-synchronous orbit earlier this month by Beijing-based CAS Space on board its solid-fuel Kinetica-1 rocket. ThumbSat hailed the launch of its femtosatellites – each weighing less than 100 grams...

Events

1 week ago How to build tourism economic resilience in historical and cultural blocks?—A fsQCA study based on 21 blocks in Beijing

How to build tourism economic resilience in historical and cultural blocks?—A fsQCA study based on 21 blocks in Beijing  Nature

Economics

1 week ago China’s ‘little Nvidia’ warns investors of risks after stock gains 533% in year

Beijing-based AI chipmaker Cambricon Technologies, widely seen as a potential alternative to Nvidia in the Chinese market, has issued a rare warning about supply chain risks and excessive speculation in its shares, which have gained 533 per cent in the past 12 months. The company’s Shanghai-listed stock nearly doubled in the last month on a wider rally fuelled by China’s favourable policy support of local artificial intelligence chips and a new AI model from DeepSeek tailored for upcoming...

Events

1 week ago Meituan sales weaken, profit plummets amid ‘irrational’ delivery price war

Chinese on-demand local services giant Meituan saw second-quarter earnings fall, as it faced off against Alibaba Group Holding and JD.com in a costly instant delivery price war. Beijing-based Meituan on Wednesday reported weaker-than-expected revenue of 91.8 billion yuan (US$12.8 billion) in the quarter ended June 30. That was up 11.7 per cent from 82.2 billion yuan a year earlier, but fell short of the 93.7 billion yuan estimate by analysts. Net profit for the period tumbled 96.8 per cent to...

Economics

1 week ago China’s ‘little Nvidia’ sees 4,348% revenue surge amid AI stock frenzy

Cambricon Technologies, the Beijing-based chipmaker seen as a potential alternative to Nvidia’s graphics processing units (GPUs), reported a record revenue surge in the first half amid a Chinese stock market frenzy driven by DeepSeek’s breakthrough AI models. Cambricon’s revenue surged 4,348 per cent year on year to 2.88 billion yuan (US$403.8 million) in the first six months of 2025, a record high for the company since it went public in 2020. Profit reached 1.04 billion yuan, reversing a net...

Politics

1 week ago Cambricon tops Moutai as China’s costliest stock as chips beat liquor

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 579.38 billion yuan (US$81 billion) in market value. The stock has more than doubled in...

Politics

2 w. ago Transport equity assessment based on accessibility disparities in terms of multi

Transport equity assessment based on accessibility disparities in terms of multi-job opportunities across Beijing  Nature

Politics

2 w. ago AI scientist Cao Ting leaves Microsoft lab for Tsinghua University

Cao Ting, a leading artificial intelligence researcher and former research manager at Microsoft Research Asia (MSRA), has left the US tech giant to join Tsinghua University, as AI becomes a new front in the US-China tech rivalry. According to the university’s website, Cao left MSRA in July to join Tsinghua’s Institute for AI Industry Research under Zhang Yaqin, a former MSRA managing director. The Beijing-based MSRA, established by Bill Gates in 1998 to tap China’s “deep pool of intellectual...

Politics

2 w. ago AI scientist Cao Ting leaves Microsoft lab for China’s Tsinghua University

Cao Ting, a leading artificial intelligence researcher and former research manager at Microsoft Research Asia (MSRA), has left the US tech giant to join Tsinghua University, as AI becomes a new front in the US-China tech rivalry. According to the university’s website, Cao left MSRA in July to join Tsinghua’s Institute for AI Industry Research under Zhang Yaqin, a former MSRA managing director. The Beijing-based MSRA, established by Bill Gates in 1998 to tap China’s “deep pool of intellectual...

Politics

2 w. ago Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift results

Kuaishou Technology on Thursday declared a special dividend totalling HK$2 billion (US$256 million), marking the first time China’s No 2 short video app operator will make such payment since its US$5.4 billion Hong Kong listing in 2021. The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend...

Economics

2 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

2 w. ago First patriotic education base for HK, Macao youth opened in Beijing

First patriotic education base for HK, Macao youth opened in Beijing  chinadailyasia.com

Politics

2 w. ago Chinese unicorn Z.ai, Alibaba Cloud team up to deploy new AI agent

Chinese artificial intelligence unicorn Z.ai, formerly known as Zhipu, has joined forces with Alibaba Group Holding’s cloud computing unit to push a new general-purpose AI agent for smartphones, tablets and desktop computers that handles everyday tasks such as ordering food and making reservations online. Beijing-based Z.ai, which created the AI agent, said it was free and available on the Android and iOS mobile platforms, as well as for web terminals, according to its announcement via WeChat...

Politics

2 w. ago Chinese jeweller Laopu Gold shines as earnings nearly triple

Robust growth at home and abroad nearly tripled Laopu Gold’s earnings in the first half of the year, with managers predicting even stronger momentum in the second half. Net profit soared 290.6 per cent from a year earlier to 2.35 billion yuan (US$327 million) in the six months ended June 30, the Beijing-based company said in a statement on Wednesday. Revenue surged 251 per cent to 12.4 billion yuan. The Hong Kong-listed jeweller attributed its rapid growth to its premium positioning, noting that...

Politics

2 w. ago Labubu phenomenon drives Pop Mart’s record interim sales, earnings

Pop Mart established itself as the world’s most valuable toy producer and exporter of China’s “soft power” after the global phenomenon of its Labubu plush toys and figurines drove overseas revenue to soar fivefold in the first half. Online and in-store revenue outside mainland China jumped to 5.59 billion yuan (US$778 million) in the first six months, making up about 40 per cent of the Beijing-based group’s total interim sales of 13.88 billion yuan, which beat analysts’ estimates, Pop Mart said...

Politics