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Aug 29, 2025

Tech war: Huawei executive claims victory over US sanctions with tech ecosystem

China has virtually overcome crippling US tech restrictions, according to a senior executive at Huawei Technologies, as mainland-developed computing infrastructure, AI systems and other software now rival those from the world’s largest economy. Shenzhen-based Huawei, which was added to Washington’s trade blacklist in May 2019, has already “built an ecosystem entirely independent of the United States”, said Tao Jingwen, president of the firm’s quality, business process and information technology...

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Aug 29, 2025

Huawei’s first-half profit drops 32% as tech giant ploughs more money into R&D

Huawei Technologies saw a nearly one-third decline in profit in the first half of the year, despite reclaiming the throne in China’s smartphone market, according to a filing from its shareholding entity Huawei Investment & Holding. Net profit during the period fell 32 per cent year on year to 37.2 billion yuan (US$5.2 billion), while revenue grew 4 per cent to 427 billion yuan, according to a filing to the Shanghai Clearing House on Friday. Privately owned Huawei regularly discloses its...

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Aug 29, 2025

Alibaba confident of winning instant commerce war as quarterly profit rises

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

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Aug 29, 2025

China’s ‘little Nvidia’ warns investors of risks after stock gains 533% in year

Beijing-based AI chipmaker Cambricon Technologies, widely seen as a potential alternative to Nvidia in the Chinese market, has issued a rare warning about supply chain risks and excessive speculation in its shares, which have gained 521 per cent in the past 12 months. The company’s Shanghai-listed stock nearly doubled in the last month on a wider rally fuelled by China’s favourable policy support of local artificial intelligence chips and a new AI model from DeepSeek tailored for upcoming...

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Aug 29, 2025

Tencent counts on Chinese AI tools demand to lift overseas cloud business

Tencent Holdings is aiming for “aggressive” growth in the international cloud computing market, on the back of the growing appetite overseas for Chinese artificial intelligence (AI) models, according to a senior executive. That sharpened focus by Tencent stems from how its overseas cloud operations have been expanding “the fastest among all [its business] segments”, with “high double-digit growth over the past few years”, said senior executive vice-president Dowson Tong Tao-sang, who serves as...

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Aug 29, 2025

China to have 300,000 driverless taxis in 4 top-tier cities by 2030: UBS

China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by advancements in artificial intelligence (AI) and its highly competitive electric vehicle (EV) sector, UBS said on Thursday. The number of robotaxis on the mainland was expected to jump to 4 million by the late 2030s, as more Chinese passengers were willing to embrace new technologies, said Paul Gong, head of China automotive research at UBS. “Given the fast development of technologies...

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Aug 29, 2025

Elon Musk’s xAI enters agentic coding arena with new model

Elon Musk’s artificial intelligence start-up, xAI, on Thursday released a new “speedy and economical” agentic coding model, marking its entry into a key focus area for AI companies. An agentic coding tool is an AI-powered software application that can autonomously perform coding-related tasks. XAI’s model, called grok-code-fast-1, would be available for free for a limited time, with select launch partners including GitHub Copilot and Windsurf. Its “strength lies in delivering strong performance...

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Aug 28, 2025

Baidu unveils AI computing platform powered by Chinese-designed chips

Baidu, one of China’s artificial intelligence champions, on Thursday unveiled its Baige 5.0 AI infrastructure platform – powered by a mix of semiconductors, including those designed by its Kunlunxin unit – to raise the efficiency of DeepSeek’s open-source models. The Beijing-based AI and internet search giant’s upgraded platform delivers a speedier network connection, increased computing power, and enhanced model training and inferencing capabilities, according to executive vice-president Shen...

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Aug 27, 2025

Huawei unveils drive storage products to help AI computing

Huawei Technologies has launched new memory products that can improve the efficiency of artificial intelligence (AI) computing, in the company’s latest effort to double down on its hardware business. The three “AI solid-state drive (SSD)” products – OceanDisk EX 560, OceanDisk SP 560 and OceanDisk LC 560 – are aimed at solving bottlenecks faced by data centres in AI training and inference, including slow inference speed and limited data capacity, the company said at a launch event in Shanghai on...

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Aug 27, 2025

Meituan sales weaken, profit plummets amid ‘irrational’ delivery price war

Chinese on-demand local services giant Meituan said its second-quarter earnings fell sharply, as it faced off against Alibaba Group Holding and JD.com in a costly delivery price war. Meituan’s management, however, said on Wednesday’s earnings call that the company would not be “greatly affected by a short-term price war”, highlighting its operational efficiency. Still, the management said the company would continue to prioritise growth over profitability in instant commerce. They also projected...

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