NEWS

Meituan and JD.com are taking China’s delivery war to another level, as the two instant commerce rivals have started building thousands of central kitchens in strategic locations to speed up fulfilment of online food orders. On-demand local delivery giant Meituan is expected to continue leading the market through its launch of 1,200 so-called Raccoon Restaurants […]

Hong Kong-based OSL Group, the city’s first listed and licensed virtual-asset trading platform, sees optimism rise in the local market as the stablecoin law comes into effect this Friday. That assessment was made by Gary Tiu, executive director and head of regulatory affairs at OSL, at a symposium on Thursday about Hong Kong’s stablecoin era.

A research paper co-authored by Liang Wenfeng, founder of Chinese artificial intelligence start-up DeepSeek, was honoured with the best paper award at the Association for Computational Linguistics (ACL) conference in Vienna, Austria, widely recognised as the premier global conference for AI researchers. The paper, titled “Native Sparse Attention: Hardware-Aligned and Natively Trainable Sparse Attention,” was

A solid run for Hong Kong stocks showed signs of slowing, as the city’s benchmark headed for a two-week low after the US Federal Reserve appeared resistant to an imminent interest rate cut and China’s manufacturing sector shrank unexpectedly. The Hang Seng Index fell 1.1 per cent to 24,906.39 at the noon break on Thursday,

Alibaba Group Holding’s chief financial officer Toby Xu Hong reiterated the company’s confidence in China’s growing artificial intelligence sector and the consumer market’s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant’s significant investments in AI research, infrastructure, and on-demand delivery. Xu said Alibaba had earmarked 380 billion yuan

“We look forward to this collaboration, which unlocks Hong Kong’s transformative potential at the intersection of AI and Web3 – accelerating its growth as a global hub for innovation and technology, finance and trade,” said Ant Group chairman Eric Jing Xiandong in a statement released by PolyU. Ant Group chairman Eric Jing Xiandong speaks at

Alibaba Group Holding and Zhipu AI have launched new open-source models as China’s rivalry with the US in artificial intelligence heats up. On Tuesday, Alibaba released Wan2.2, which it claimed was the industry’s “first open-source large video generation models incorporating the Mixture-of-Experts (MoE) architecture”. Alibaba owns the South China Morning Post. MoE is a machine-learning

Concerns about trade tensions between China and the US drove Hong Kong stocks lower for a second day, as the world’s two largest economies stopped short of finalising a new deal that would extend a 90-day tariff pause. The Hang Seng Index fell 0.4 per cent to 25,415.94 at the noon break, while the Hang

“Society urgently expects robots to be widely adopted in real-world applications,” said Zhang Zhengyou, chief scientist and head of Tencent Holdings’ Robotics X Lab, during a panel discussion at WAIC on Sunday. Zhang asserted, however, that “fulfilling the high standards and stringent requirements across diverse scenarios requires substantial efforts in both core technology innovation and

The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the Hangzhou-based firm’s AI and cloud computing services arm – to enhance operational efficiency and elevate customer experience, according to a statement on Tuesday from Alibaba, which owns the South China Morning Post. “Through this strategic