25 April 2025

Alipay, the mobile payment platform under Ant Group that introduced the cashless society to China with its QR code, is building on that leadership by amassing 100 million users for its tap-and-pay service in the first year of its launch. The Hangzhou-based fintech company’s NFC-enabled “Tap!” payment service has signed up 100 million users since […]

At a developer conference held in Wuhan, capital of central Hubei province, Baidu co-founder, chairman and chief executive Robin Li Yanhong unveiled the multimodal Ernie 4.5 Turbo and X1 Turbo reasoning models. According to Li, Ernie 4.5 Turbo costs about 40 per cent less than DeepSeek’s namesake V3 large language model (LLM), while X1 Turbo

China has waived its retaliatory 125 per cent tariffs on certain semiconductor imports from the US, according to a report from Chinese business magazine Caijing on Friday, citing industry sources. The report said at least eight integrated circuit (IC)-related tariff codes were exempted from levies imposed earlier this month in response to US President Donald

Carmakers and supply-chain players have overhauled their rhetoric around autonomous driving – make that “driver assistance” – at China’s largest auto show, emphasising safety following Beijing’s promise of closer scrutiny after a fatal crash involving a Xiaomi electric vehicle (EV). Although companies continue to showcase their latest vehicles and systems at the 10-day Shanghai auto