6 April 2025

Tencent-backed China Ruyi to tap bond market for US0 million amid growth plans: sources

Tencent-backed China Ruyi to tap bond market for US$500 million amid growth plans: sources

Streaming media firm China Ruyi Holdings, backed by gaming and internet company Tencent Holdings, is aiming to raise between US$300 million and US$500 million in convertible bonds next week, two sources with knowledge of the plan said. The offering of Hong Kong-listed Ruyi could be launched as early as Monday, said one of the sources. […]

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Tech war: China claims AI chip progress as Loongson unveils CPUs amid self-sufficiency push

Tech war: China claims AI chip progress as Loongson unveils CPUs amid self-sufficiency push

Chinese semiconductor developer Loongson Technology has released its next-generation of chips as part of a strategy to “enter new era of AI processors”, according to company statements. The new processors, designated 2K3000 and 3B6000M, share identical silicon but differ in packaging; one for industrial control applications and the other for mobile devices. Both integrate eight

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Zhihu, a Quora-like Q&A platform, bets on AI search to become China’s X and LinkedIn

Zhihu, a Quora-like Q&A platform, bets on AI search to become China’s X and LinkedIn

Zhihu, a question-and-answer platform in China, is betting on artificial intelligence (AI) search features to transform itself into the country’s equivalent of X and LinkedIn, as the company achieved quarterly profitability for the first time since going public, according to chief financial officer Wang Han. The company not only leveraged its extensive network of professionals,

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DeepSeek unveils new AI reasoning method as anticipation for its next-gen model rises

DeepSeek unveils new AI reasoning method as anticipation for its next-gen model rises

Chinese artificial intelligence (AI) start-up DeepSeek has introduced a novel approach to improving the reasoning capabilities of large language models (LLMs), as the public awaits the release of the company’s next-generation model. In collaboration with researchers from Tsinghua University, DeepSeek developed a technique that combines methods referred to as generative reward modelling (GRM) and self-principled

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