Author name: Sajid Patel

Tencent heats up AI video-generation competition in China with new open-source product

Tencent heats up AI video-generation competition in China with new open-source product

Shenzhen-based Tencent, which runs the world’s largest video-gaming business by revenue and China’s biggest social-media network, made the new model widely available on Thursday through online developer platforms like GitHub and HuggingFace. Users can also add lip-synched voice to their videos as well as background sound effects, according to Tencent. In a demonstration video released […]

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Trump wants the US to be the world’s crypto capital. Will China take notice?

Trump wants the US to be the world’s crypto capital. Will China take notice?

US President Donald Trump’s creation of a cryptocurrency reserve shortly before headlining a White House summit on the popular digital asset will get global attention if the reserve grows big enough to affect trading or market prices, but China already has safeguards against any potential impact, analysts said. On Thursday, Trump signed an executive order

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NetEase to shut down public cloud service as AI boom intensifies competition

NetEase to shut down public cloud service as AI boom intensifies competition

Chinese internet and video-gaming giant NetEase is shutting down one of its public cloud computing services amid intense competition in a crowded market. The Hangzhou-based company on Friday informed its corporate clients that its public cloud service would be taken offline on April 7, citing a “business strategy adjustment”. Clients with unused credits in their

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Beyond the plate: Hong Kong’s food tech innovators cultivate a sustainable future

Beyond the plate: Hong Kong’s food tech innovators cultivate a sustainable future

04:38 Top chef in Hong Kong joins hands with local food tech pioneers to make dining sustainable Top chef in Hong Kong joins hands with local food tech pioneers to make dining sustainable Today’s advanced food production methods allow people to access a larger variety of produce from around the world, but this has also

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MWC 2025: Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats up

MWC 2025: Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats up

Chinese artificial intelligence (AI) firm iFlyTek was planning to expand its European business as trade tensions rise between the United States and China, vice-president Vincent Zhan said. “The US and China trade war has some impact for us,” Zhan said in an interview on the sidelines of the Mobile World Congress in Barcelona this week,

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JD.com nearly triples quarterly profit on back of revived consumer spending

JD.com nearly triples quarterly profit on back of revived consumer spending

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

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ASML to build reuse-and-repair centre in Beijing despite US-China tech tensions

ASML to build reuse-and-repair centre in Beijing despite US-China tech tensions

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

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Shenzhen boosts role as China’s humanoid robotics base with Unitree local venture

Shenzhen boosts role as China’s humanoid robotics base with Unitree local venture

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,

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‘Better than DeepSeek and OpenAI’: Alibaba touts open-source AI model that beats rivals

‘Better than DeepSeek and OpenAI’: Alibaba touts open-source AI model that beats rivals

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

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