Author name: Sajid Patel

Meeting in a hotel lobby in Beijing in January, DeepSeek Founder Liang Wenfeng posed a soul-searching question to Luo Yonghao, a former English teacher turned entrepreneur: why would someone whose best asset is his eloquence start a technology company? The exchange – recounted by Luo in Beijing on Saturday at an event hosted by Founder […]

The restructuring “marks a strategic upgrade from an e-commerce platform to a comprehensive consumer platform”, Alibaba CEO Eddie Wu Yongming wrote in a letter to employees on Monday. “Moving forward, we will increasingly optimise our business models and organisational structures from the user’s perspective to create richer, higher-quality consumer experiences.” Alibaba, the business conglomerate founded

“JD.com intends to secure stablecoin licences across key currency markets globally … to reduce cross-border transaction costs by 90 per cent,” Liu said in a media briefing on Tuesday. “We hope that JD stablecoin will become a universal payment method worldwide.” “I believe stablecoins will become the next-generation payment system – that is beyond doubt,”

Hong Kong could serve as a stablecoin test bed to boost the internationalisation of the yuan as Beijing puts more focus on the digital version of its currency, according to the chairman and CEO of HashKey Group. “Due to its ‘one country, two systems’ characteristics, Hong Kong’s stablecoins can serve as a testing ground for

Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless

Chinese e-commerce giant JD.com is extending its deep-seated rivalry with Meituan to Saudi Arabia, launching a self-operated courier service in the country as it extends its footprint in the Middle East. On Wednesday, JD.com’s logistics arm JD Logistics announced the launch of JoyExpress, a business-to-consumer express delivery service that covers most of the 13 provinces

Chinese artificial intelligence (AI) start-up MiniMax, which counts Alibaba Group Holding and Tencent Holdings as investors, is moving towards an initial public offering (IPO) in Hong Kong as early as this year, according to media reports. Shanghai-based MiniMax, whose last funding round in March 2024 valued the company at US$2.5 billion, was in the “early

Jointly written by researchers from Huawei and Chinese AI infrastructure start-up SiliconFlow, the paper described CloudMatrix 384 as a specialised “AI supernode” that is purpose-built for handling extensive AI workloads. Huawei expected CloudMatrix “to reshape the foundation of AI infrastructure”, according to the paper released this week. It consists of 384 Ascend 910C neural processing

Huawei Technologies has unveiled the latest version of its proprietary operating system (OS), HarmonyOS 6, new artificial intelligence (AI) models and its CloudMatrix 384 AI rack architecture, as the Chinese technology giant accelerates efforts to build out its in-house software ecosystem in the face of ongoing US sanctions. The company introduced a beta version of

Huawei’s advanced AI chip initiative, however, suddenly faced a major obstacle a year later in August 2020, when the US Commerce Department tightened restrictions by barring the sale of semiconductor products and services – sourced from anywhere with US technology – to the company and its affiliates without a requisite licence. As a result, Huawei