Hong Kong stocks slip as Fed’s priced-in rate cut fails to excite investors
Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative…
Tech war: Tencent pushes adoption of Chinese AI chips as mainland cuts reliance on Nvidia
The Shenzhen-based tech conglomerate’s cloud computing unit, Tencent Cloud, said it was supporting “mainstream domestic chips” in its…
Alibaba.com targets 100% AI adoption by merchants in 2025 in global expansion drive
More than half of the roughly 200,000 merchants on Alibaba.com were already using its AI applications on a…
Shanghai-backed firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’
Fortera Capital, a private-equity firm under the Shanghai State-owned Capital Investment Co (SSCIC), led Stepfun’s recent series B…