30 March 2025

SenseTime Group reported a wider-than-estimated net loss for the full year as the artificial intelligence (AI) tools developer continues to grapple with rising competition in a crowded market. The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss. Still, the losses have narrowed from […]

Cloud infrastructure services spending in mainland China, which grew 13 per cent last year, is set to further accelerate with a 15 per cent increase in 2025 driven by DeepSeek’s momentum that has triggered rapid adoption of artificial intelligence (AI), according to Canalys. Cloud spending, which totalled US$40 billion in 2024, is expected to reach

Earlier this month, a research team from China’s University of Science and Technology officially published findings on Zuchongzhi 3.0, a 105-qubit quantum computer that performed benchmark tasks one million times faster than Google’s latest published quantum computing results. Just months earlier, Google’s Willow processor had completed a problem in five minutes that would take today’s

A recent correction in technology stocks is unlikely to dent Chinese investors’ buying interest due to their belief in the companies’ long-term prospects and Beijing’s vision for the sector, according to a senior Standard Chartered executive. Judy Hsu, CEO for wealth and retail banking, told the Post that high-net-worth individuals in mainland China had faith

A DeepSeek moment is playing out in China’s vast countryside, as rural residents discover that chatbots are useful for providing advice on topics ranging from pig farming to pest control. Thanks to China’s extensive internet coverage and mobile phone penetration, the country’s rural residents, who account for a third of its 1.4 billion population, are