Technology

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Nov 18, 2025

China’s Baidu posts 50% rise in AI revenue despite third-quarter slump

Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago, which was the bright spot to an otherwise lacklustre financial quarter. The Beijing-based company’s third-quarter revenue declined 7 per cent year on year to 31.2 billion yuan (US$4.4 billion), owing to sluggish demand in its advertising business, while its net loss hit 11.2 billion yuan on asset writedowns. While its core...

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Nov 18, 2025

Huawei’s Mate 80, foldable Mate X7 handsets to square off against Apple, Xiaomi

Huawei Technologies is set to launch its latest flagship smartphone, the Mate 80 series, and a new foldable handset next Tuesday, as industry speculation swirls over the use of its next-generation Kirin 9030 processor in these devices. The Shenzhen-based telecommunications equipment maker on Monday said its new Mate series – including the basic Mate 80, Mate 80 Pro, Mate 80 Pro Max and Mate 80 RS models – would be available for pre-order, but pricing and technical specifications were not...

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Nov 18, 2025

China’s Xiaomi posts first profit from EV, AI units as quarterly earnings surge

Chinese technology company Xiaomi says it has turned a profit from its electric vehicle (EV) and artificial intelligence businesses in the third quarter, marking the first time the units have swung into black, with overall profits surging nearly 81 per cent from a year earlier. The smartphone-to-EV giant’s adjusted net profit in the three months ended September 30 reached 11.3 billion yuan (US$1.6 billion), according to its earnings release on Tuesday. The pre-adjustment profit surged 129.5 per...

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Nov 18, 2025

JD.com steps up on-demand local services battle with food app and review platform

Chinese e-commerce giant JD.com has opened a new front in China’s intensifying on-demand local services war, rolling out a stand-alone food-delivery app and a “JD Review” platform for what it says are genuine, non-commercialised user ratings, in a direct challenge to Meituan and Alibaba Group Holding-backed services. The twin launches mark JD.com’s latest attempt to claw back relevance in instant commerce, a fast-growing segment where Meituan and Alibaba have consolidated dominant positions,...

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Nov 18, 2025

Ant Group unveils AI assistant that builds ‘flash apps’ in 30 seconds

Fintech giant Ant Group, an affiliate of Alibaba Group Holding, has unveiled what it called China’s first multimodal artificial intelligence assistant capable of producing code-driven outputs, including “flash apps” in as little as 30 seconds. LingGuang, described as a next-generation multimodal AI assistant, was designed to help users create a variety of simple apps – including a calorie tracker, a Pac-Man-style game and a Chinese character memorisation tool – based on natural language prompts,...

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Nov 18, 2025

How League of Legends is still China’s top PC game after 15 years

US video game developer Riot Games, creator of League of Legends, retains bragging rights to the most popular PC game in China nearly a decade and a half after its launch. First introduced in 2009 and brought to the mainland in 2011, the multiplayer online battle game has been around longer than many of those who play it – a remarkable feat in an industry known for its rapid shifts. The secret to the game’s longevity may lie in the sustained appeal of the League of Legends esports scene, as...

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Nov 17, 2025

Growth in China’s tech stocks just getting started: JPMorgan banker

The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies and fundraising plans were once again drawing the attention of international investors after years of stagnation, said Mark...

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Nov 17, 2025

China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape

Leading Chinese electric-vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors shrugged off a bullish call from JPMorgan. The Guangzhou-based firm’s net loss narrowed by nearly 80 per cent to 380.9 million yuan (US$53.6 million) in the third quarter from 1.81 billion yuan a year earlier, according to a filing to the Hong Kong stock exchange. Revenue surged 101.8 per cent year...

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Nov 17, 2025

AI puts wind in the sales of Singles’ Day as Alibaba and JD.com hit retail records

China’s e-commerce giants Alibaba Group Holding and JD.com reported record-breaking sales for the Singles’ Day online shopping festival, as the companies looked to artificial intelligence to help boost sales and traffic amid a sluggish economy. During the event, which ran for almost a month from mid-October, Alibaba’s online retail platforms Taobao and Tmall saw more than 34,000 brands double their sales from a year ago, the company said on Saturday. More than 18,000 brands recorded sales growth...

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Nov 17, 2025

Alibaba’s Qwen app challenges AI subscription models with free access

Alibaba Group Holding has officially launched its multipurpose artificial intelligence app, Qwen, promising a “free-for-all” gateway for consumers to access a variety of AI-powered services, from mapping to shopping. Qwen, powered by Alibaba Cloud’s open-source model series of the same name and marketed as “the best personal AI assistant”, serves not only as a chatbot but also as a comprehensive AI tool designed to meet user needs in both professional and personal contexts, the company said on...

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