TECH NEWS
China Renaissance hits paydirt after stablecoin issuer Circle’s shares double on debut
China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle Internet Group more than doubled on their debut in New York. The Chinese investment bank said in a filing to the Hong Kong stock exchange on Friday that it had invested in Circle, which was founded in 2013, in 2018 through its Huaxing New Economy Fund. The investment reflected its “strong confidence in the growth prospects of the digital asset industry”, the statement said. China Renaissance did not disclose the
Alibaba unveils new open-source AI embedding models, a field it leads globally
Alibaba Group Holding has made its Qwen3 Embedding series available for developers, in the Chinese
AI scientist De Kai offers a new vision for ‘parenting’ AI to avoid our own demise
For years, the story of artificial intelligence (AI) has been cast as a high-stakes contest
DeepSeek job ads call for interns to label medical data to improve AI use in hospitals
Chinese artificial intelligence (AI) start-up DeepSeek, which has remained mute over a release date for
Chinese AR glasses maker Rokid prepares for global launch on AliExpress during 618 event
Rokid, a Chinese maker of augmented reality (AR) glasses, is set to launch its latest
Beijing academy unveils open-source ‘RoboBrain’ AI model for China’s humanoid robots
The Beijing Academy of Artificial Intelligence (BAAI), a non-profit research laboratory in China, launched on
China’s Unitree eyes pre-IPO fundraising, valuing robot maker up to US$2 billion: report
Hangzhou-based Unitree’s latest financing initiative would value the company between 10 billion yuan and 15
Crypto confiscated in Beijing to be liquidated in Hong Kong through licensed exchanges
Beijing’s police authority has unveiled a plan for liquidating cryptocurrencies confiscated in criminal cases by
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
China eyes 10 new national data zones in digital economy push, AI race with US
China will establish 10 national data pilot zones, its data agency announced, as the country
After CATL’s IPO spark, China’s EV leaders bank on Hong Kong for growth funds
More than a dozen smart mobility companies from mainland China are making a beeline to
Robo financial adviser Syfe sinks teeth deeper into Hong Kong after US$80 million funding
Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million
Chinese app firm Newborn Town sets up global HQ in Hong Kong for AI work, overseas push
Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up
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