Kling AI, the video generation unit of Chinese tech company Kuaishou, has raised an initial two billion dollars in venture capital funding, the company said on Thursday. Further investors could still join the round, potentially pushing the total to rou…
Chinese startup’s latest AI model has landed fourth on one of the industry’s most closely watched intelligence rankings, and it costs a fraction of what Anthropic or OpenAI charge for comparable performance. GLM-5.2, released last month by Beijing-base…
Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year. Deutsche …
Alibaba and its US digital payment processor have agreed to pay 600 million dollars to resolve a federal investigation into whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Depart…
DeepSeek lit China’s AI price war by making tokens absurdly cheap. Now it is doing something no rival has dared: charging more when demand runs high. The Chinese startup has told API customers it will double the price of its V4 models during busy hours…
Huawei has begun selling the MatePad Pro Max in Germany, pairing its ultra-thin flagship tablet with free accessories, extended warranty, and productivity-focused software.
LongCat-2.0, a 1.6-trillion-parameter model, is the first of its size to be trained end-to-end on home-grown silicon, the company says, in a pointed answer to US export controls. The most striking claim about Meituan’s new artificial intelligence model…
Nexchip Semiconductor is China’s third-largest pure-play foundry, a sentence that until recently would not have led to a Hong Kong listing. It does now. The Hefei-based, state-backed chipmaker is seeking to raise up to HK$6.98 billion, or roughly $890 …
Taiwan’s Keelung District Prosecutors Office raided Super Micro Computer’s local office on Monday, widening an investigation into the alleged smuggling of Nvidia chips to China through the company’s servers. The raid also targeted the residences of six…
Washington lobbying firms have been quietly dropping Alibaba and Tencent as clients ahead of a new Pentagon rule that takes effect on Tuesday. According to Bloomberg, Alibaba has lost five lobbying firms and Tencent has lost four since the Defense Depa…