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Tencent-backed AI chipmaker Enflame triples in Shanghai debut
2+ day, 2+ hour ago (353+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The…...
Huawei H1 profit drop quickens to 36% on rising costs, R&D spending
1+ week, 5+ day ago (461+ words) BEIJING, Aug 31 (Reuters) – China’s Huawei Technologies reported a 36% plunge in first-half net profit on Monday as soaring input costs and heavier spending on research and development outweighed revenue growth. The Shenzhen-based tech and telecoms giant said net profit for January…...
Alibaba’s Qwen launches Qwen3.8-Flash AI model with lower training costs
2+ week, 3+ day ago (205+ words) BEIJING, Aug 26 (Reuters) – Alibaba’s Qwen has released a new multimodal model, Qwen3.8-Flash, that delivers stronger coding and office-task performance while cutting training costs, it said in a statement on Wednesday published on social media. • As e-commerce growth stagnates, AI has…...
Exclusive-China???s Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing, sources say
2+ week, 3+ day ago (569+ words) BEIJING/SINGAPORE, Aug 26 (Reuters) – China’s Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet’s Google that would allow the U.S. cloud giants to host its blockbuster Kimi K3 model, three people familiar with the talks said. Any deal…...
Alibaba launches Wan3.0 AI video model after $10 billion share sale
2+ week, 5+ day ago (153+ words) BEIJING, Aug 24 (Reuters) – Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. • The new model can generate 30-second videos from…...
Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan
2+ week, 6+ day ago (117+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan SHANGHAI, Aug 24 (Reuters) – Hong Kong-listed shares of Alibaba are set to open 8% lower on Monday after…...
Alibaba shares fall 8% after $10 billion Hong Kong share sale
2+ week, 6+ day ago (241+ words) Aug 24 (Reuters) – Alibaba shares fell 8% in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development. The Chinese e-commerce and cloud…...