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The BYD logo is displayed at the Beijing Auto Show in April 2024. Photo: AFP
Electric & new energy vehicles

BYD beats Tesla again as sales top US$100 billion in record 2024 results

Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.

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Banking & finance

Alibaba’s Tsai says some AI bets like excess data centres are speculative

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Semiconductors

US start-up PsiQuantum raising US$750 million in quantum computing race

Auctions

23andMe’s bankruptcy puts 15 million users’ DNA data on auction block

23andMe has proposed an auction in May for the sale of its assets, which include the genetic data of more than 15 million customers.

The 23andMe headquarters in Sunnyvale, California. Photo: AFP
The 23andMe headquarters in Sunnyvale, California. Photo: AFP
Robotics

Chinese start-up targets 5,000 robots this year, taking on Elon Musk’s Optimus

The robotics start-up co-founded by former Huawei ‘Genius Youth’ recruits has an ambitious 5,000-unit production target, far exceeding 2024 output.

Robotics

Unitree’s robots won’t be helping with the cleaning up just yet

Despite growing competition, Unitree’s founder says the company will not release household robots until safety issues are sorted out.

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Electric & new energy vehicles

BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller

The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.

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BYD Qin L EV starts at 119,800 yuan (US$16,526). Photo: Handout
BYD Qin L EV starts at 119,800 yuan (US$16,526). Photo: Handout
Artificial intelligence

AI boom drives record loans for data centres in Southeast Asia

Southeast Asia has become a data-centre hotspot as tech multinationals diversify beyond China amid geopolitical tensions.

Artificial intelligence

SaaS AI: Chinese software maker Kingdee embraces DeepSeek in cloud offerings

The software-as-a-service giant told the Post that DeepSeek has been a boon for its clients as it builds a platform for customised AI agents.

Artificial intelligence

AI reasoning rivals: Tencent touts new model’s performance over DeepSeek-R1

The tech giant’s latest offering leverages large-scale reinforcement learning, rivalling DeepSeek in top benchmark tests.

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Tencent says its new Hunyuan T1 reasoning AI model rivals DeepSeek-R1 in performance and price. Photo: Reuters
Artificial intelligence

Exclusive | Why Lee Kai-fu is betting his AI start-up’s future on DeepSeek

In an interview with the Post, Lee discusses China’s ‘ChatGPT moment’ and 01.AI’s transition from a model developer to a solutions provider.

Lee Kai-fu, founder of start-up 01.AI. Photo: Handout
Lee Kai-fu, founder of start-up 01.AI. Photo: Handout
ByteDance

ByteDance advances DeepSeek work in AI reasoning with open-source project

DAPO is a scalable reinforcement learning algorithm that helps a large language model achieve better complex reasoning behaviour.

Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Semiconductors

Hong Kong investment arm backs Chinese RISC-V start-up StarFive

The partnership will see Hong Kong support StarFive in rolling out RISC-V chip applications in the city.

Full Vision Capital managing partner Alan Chan, left, and StarFive CEO Thomas Xu, holding a RISC-V chip. Photo: Jonathan Wong
Artificial intelligence

Chinese AI models led by DeepSeek catch up with US rivals at lower prices

DeepSeek’s model ranks third in performance while offering much cheaper pricing than OpenAI’s top models, according to a benchmarking firm.

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The DeepSeek app seen on a mobile phone. Photo: Xinhua
The DeepSeek app seen on a mobile phone. Photo: Xinhua
Tencent

Tencent’s AI splurge: China’s gaming giant poised for growth amid new focus

Tencent is using both DeepSeek and its own Yuanbao models, mirroring a diversified strategy that helped it dominate video gaming.

Semiconductors

SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal

Ampere makes data centre central processing unit (CPU) chips based on a computing architecture from Arm Holdings.

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Artificial intelligence

Chinese AI firms turn to Hong Kong as gateway to global markets

Executives from several companies expressed confidence in Hong Kong’s growing role in supporting China’s AI development.

Hong Kong is an attractive regional hub for Chinese AI companies looking to expand internationally, according to business executives. Photo: Getty Images
Hong Kong is an attractive regional hub for Chinese AI companies looking to expand internationally, according to business executives. Photo: Getty Images
Semiconductors

China’s top memory chipmaker YMTC to raise prices, alongside Micron, Sandisk

The expected increase from April, which averages around 10 per cent, indicates that NAND Flash memory prices are set to rebound this year.

Artificial intelligence

Nvidia unveils new AI products that can help DeepSeek’s models run faster

CEO Huang explained how Nvidia’s latest products could dramatically boost reasoning capabilities for large models like DeepSeek’s R1.

Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock
Electric & new energy vehicles

Tesla a step closer to ride-hailing with California permit

The new permit is separate from those used by ride-hailing companies, which offer similar services for compensation using smartphone apps.

Tesla electric vehicles are parked in a Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024. Photo: Reuters
Tesla electric vehicles are parked in a Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024. Photo: Reuters
Artificial intelligence

China Unicom boosts computing power investment in 2025 amid AI rush

Amid a surge in AI adoption in China, the company is budgeting a 28 per cent increase in capital expenses for computing power this year.

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Artificial intelligence

AMD CEO visits China, touts chip compatibility with DeepSeek models

The US semiconductor firm and main rival of Nvidia has been promoting its infrastructural support for DeepSeek’s AI models.

Semiconductors

Chinese institute offers ‘uncapped’ pay to talent in chipmaking gear development

The generous terms reflect how China is sparing no effort to entice young talent to boost the nation’s capabilities in lithography systems.

China aims to reduce reliance on foreign chipmaking equipment suppliers like ASML. Photo: Shutterstock
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