US President Donald Trump said he would “probably” extend the deadline for the sale for Chinese-owned social video app TikTok if a deal is not reached by April 5. Trump said Thursday there was “a lot of interest” in TikTok and that “right now we have at least another month, so we don’t need an […]
Trump open to again extending TikTok deadline if necessary Read More »
Chinese e-commerce giant JD.com saw its December-quarter profit nearly triple from a year earlier on the back of increased consumer spending in the world’s second-largest economy. The Beijing-based company on Thursday reported a better-than-expected profit of 9.9 billion yuan (US$1.4 billion) in the fourth quarter, up from 3.4 billion yuan in the year-earlier period. Revenue
JD.com nearly triples quarterly profit on back of revived consumer spending Read More »
ASML Holding, the world’s top supplier of advanced chipmaking equipment caught in the US-China tech rivalry, will build a “reuse and repair” centre in Beijing this year, showing its commitment to the world’s second-largest economy despite pressure from Washington. The Dutch firm, which has been unable to sell its extreme ultraviolet lithography systems to its
ASML to build reuse-and-repair centre in Beijing despite US-China tech tensions Read More »
Shenzhen has received a boost to its role in manufacturing humanoid robots after Unitree Robotics set up a new venture to leverage the supply chain and supportive policies of the southern tech hub. Unitree, the country’s hottest robot maker and one of the so-called six Little Dragons based in the eastern Chinese city of Hangzhou,
Shenzhen boosts role as China’s humanoid robotics base with Unitree local venture Read More »
Following the launch of its QwQ-32B model, Alibaba’s Hong Kong-listed shares surged 7.2 per cent to HK$139.30 in Thursday morning trading. Alibaba owns the South China Morning Post. Despite its relatively modest 32 billion parameters, Alibaba’s new model matched or outperformed DeepSeek’s R1, which boasts 671 billion parameters, in areas such as mathematics, coding and
‘Better than DeepSeek and OpenAI’: Alibaba touts open-source AI model that beats rivals Read More »
DeepSeek sent shock waves across China’s artificial intelligence (AI) community after its low-cost models upended conventional thinking in the industry, prompting other start-ups to launch open-source models and seek fresh funding. A spin-off from a hedge fund owned by Liang Wenfeng, DeepSeek grabbed headlines for its impact on Wall Street and Silicon Valley. The Hangzhou-based
