China
Chinese hyperscalers ramp up AI spending but trail US rivals – Moody’s
Chinese technology giants are rapidly increasing spending on artificial intelligence infrastructure but face greater financial constraints than their U.S. counterparts, whose larger and more profitable core businesses provide stronger cash flow and greater capacity to sustain heavy investment, Moody’s Ratings said on Thursday.
Hong Kong selects 36 agentic AI pilots for financial sandbox
Hong Kong regulators selected 36 agentic AI use cases from nearly 100 proposals for controlled trials across banking and other financial sectors.
SenseTime posts first profit since listing as AI revenue rises
SenseTime reported its first IFRS profit since listing as generative AI revenue rose, although investment gains helped the result and adjusted losses continued.
China’s TCL to increase Vietnam investment to $590M by 2027
China's electronics group TCL plans to raise its total investment in Vietnam to $590 million by 2027, from $310 million at the moment, the Vietnamese government said Wednesday, regarding at meeting between TCL leadership and Deputy Prime Minister Pham Gia Tuc.
Singapore, Guangdong deepen collaboration in digital economy
Singapore and Guangdong are deepening collaboration in the digital economy, with artificial intelligence (AI) emerging as a key area of shared interest, Enterprise Singapore said on Tuesday.
Alibaba opens QwenWork workplace AI agent to global users
Alibaba has opened the international edition of QwenWork, its workplace AI agent platform, in public beta through web and desktop apps.
Mech-Mind seeks up to HK$2.7 billion in Hong Kong IPO
Chinese industrial robotics company Mech-Mind is seeking up to HK$2.7 billion in a Hong Kong IPO to fund R&D and international expansion.
Hong Kong’s BOCHK, Singapore’s Ant International partner on cross-border payments, treasury, SME services
Bank of China (Hong Kong), or BOCHK, and Singapore-based Ant International will jointly develop cross-border payments, treasury management, and financial services for small and medium-sized enterprises (SME).
Barclays, Citi, Deutsche Bank, Standard Chartered adopt Ant International’s FalconTST AI model 2.0
Barclays, Citi, Deutsche Bank, and Standard Chartered have integrated the Falcon Time-Series Transformer (TST), a forecasting AI model built by Singapore-based Ant International, into their foreign-exchange systems.
China’s domestic AI stack gains momentum despite hardware gap
China’s domestic artificial intelligence (AI) ecosystem is gaining momentum as major models demonstrate the ability to train and run on locally developed chips, while Nvidia supply constraints and Beijing’s restrictions on foreign processors accelerate the shift towards domestic hardware, Maybank Investment Bank said on Monday.
