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The ByteDance logo is seen at the company’s office in Shanghai, China, July 4, 2023. Photo: Reuters

Tech Trends

ByteDance’s Doubao is China’s top AI bot with 51 million active users

Its popularity has been enabled by ByteDance’s deep pockets, strong product team, and a design philosophy that brings the human touch to AI.

Founder of Alibaba-backed AI firm named chairman at Chinese carmaker Lifan

Baidu boasts strong AI user growth alongside launch of first smart glasses

Big Tech

Alibaba arms merchants with AI assistant to streamline cross-border sourcing

The Accio AI assistant is based on decades of accumulated knowledge in B2B fulfilment, logistics, after-sales support and product listings.

The Alibaba.com booth at the 136th China Import and Export Fair in Guangzhou, Oct. 15, 2024. Photo: Xinhua
The Alibaba.com booth at the 136th China Import and Export Fair in Guangzhou, Oct. 15, 2024. Photo: Xinhua

Big Tech

Hong Kong enterprise AI adoption sees upswing on strong government policy

Enterprises in Hong Kong are looking to explore AI solutions that not only enhance their capabilities, but also meet regulatory requirements.

Blockchain

Bitcoin breaks US$89,000 for the first time on Trump crypto boom

The largest token has jumped about 30 per cent since the US election, as traders weigh whether there is still room to chase.

Tech Trends

China’s ‘AI Tiger’ Zhipu in race to boost video-generation features

The updated version of Ying will be able to generate 10-seconds long 4K high-definition video clips at 60 frames per second, Zhipu says.

Zhipu AI is one of China’s top generative AI start-ups. Photo: Handout

Tech War

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

Moore Threads is one of China’s top GPU designers. Photo: Handout
Moore Threads is one of China’s top GPU designers. Photo: Handout

Tech Trends

The fight for AI talent heats up in China

The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.

Big Tech

ByteDance adds video generator to China’s most popular AI app

The move underscores the TikTok owner’s ambitions to solidify Doubao’s leading position.

Tech Trends

What China is doing to make ports ‘smart’ and not prone to work stoppages

A unit of state-owned China Merchants Group is pushing a range of automation and digital technologies to make ports smarter.

Cargo containers stacked at the Yantian terminal in the Port of Shenzhen. Photo: AFP

Big Tech

US chip restrictions are hindering AI ambitions of China’s top chip foundry

SMIC co-CEO Zhao Haijun said the foundry can still benefit from rising demand for less advanced ‘legacy chips’ required for some AI products.

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SMIC’s facility in Pudong district of Shanghai on March 15. Photo: AFP
SMIC’s facility in Pudong district of Shanghai on March 15. Photo: AFP

Big Tech

Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

Tech War

China’s top chip foundry SMIC posts record revenue despite US sanction warning

The Shanghai-based chipmaker reported a 34 per cent year-on-year increase in third-quarter revenue to US$2.17 billion.

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Big Tech

Urgency of AI development at Meituan underscored as co-founder returns

After selling his AI start-up Light Year to Meituan last year, Wang has reportedly returned to lead the company’s AI efforts.

Meituan co-founder Wang Huiwen. Photo: Handout

Big Tech

South Korea’s Samsung and SK Hynix push latest memory products at CIIE

The two firms’ high-profile exhibition reflects the vast demand for memory products in China, the world’s second-largest economy.

Samsung Electronics has one of the biggest booths at the exhibition area of the China International Import Expo in Shanghai. Photo: Handout
Samsung Electronics has one of the biggest booths at the exhibition area of the China International Import Expo in Shanghai. Photo: Handout

Big Tech

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

Companies

Chinese pharmaceutical companies look abroad for growth markets

Shanghai Henlius struck a deal in Saudi Arabia while XtalPi signed a partnership with Sinar Mas Multiartha in Indonesia.

China Business

EU tariffs will not stop Chinese EVs from entering bloc: officials at CIIE

China EV makers believe their advantages in production and price will make their products competitive abroad.

A Ford Bronco pickup at the CIIE in Shanghai. Photo: Daniel Ren

Tech Trends

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So
The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So

Blockchain

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

Tech War

Chinese AI chip start-up Biren teams with compute start-up for performance gains

US-blacklisted chipmaker Biren says team-up with Tencent-backed Infinigence AI led to a 100 per cent improvement in GPU training capacity.

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Tech Trends

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout
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