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China’s Seven Titans vs Wall Street’s Magnificent Seven: DeepSeek sparks stocks re-rating

China’s Seven Titans vs Wall Street’s Magnificent Seven: DeepSeek sparks stocks re-rating

When Bonnie Chan Yiting was in Davos six weeks ago for the World Economic Forum’s (WEF) annual confab, the Swiss ski resort was abuzz with a groundbreaking app that a little-known artificial intelligence (AI) start-up had released half a world away in China. Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its […]

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US mulls ban on China’s DeepSeek from government devices, insider says

US mulls ban on China’s DeepSeek from government devices, insider says

The Trump administration is weighing a ban on Chinese AI chatbot DeepSeek from US government devices over national security concerns, a person familiar with the matter said on Friday. US officials are worried about DeepSeek’s handling of user data, which the company says it stores in servers located in China, according to The Wall Street

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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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