Alibaba Group Holding will keep investing in super-scale computing infrastructure to empower the artificial intelligence era, CEO Eddie Wu Yongming said at China’s annual internet industry summit on Friday. Meeting the AI industry’s demand “requires super-scale infrastructure and full-stack technology accumulation”, Wu told the audience at Friday’s opening of the 2025 World Internet Conference, an annual industry gathering in the town of Wuzhen in eastern Zhejiang province. The event will run...

Chinese artificial intelligence systems are nearing levels of “frontier risks” similar to their US counterparts, according to a study. Recent advances in the capabilities of AI models from DeepSeek and other Chinese firms heightened the possibility that these systems could be misused by bad actors or escape human control, according to Concordia AI, a Beijing-based consultancy focused on AI safety in China. As AI models grew more powerful, their frontier risks – or their potential to endanger...

Chinese fintech firm Ant Group, an affiliate of Alibaba Group Holding, has picked healthcare as a new artificial intelligence-driven business pillar, as it seeks growth in China’s rapidly ageing society, according to CEO Cyril Han Xinyi. The group, which owns and operates the payment service Alipay, has been struggling to find new areas for growth after Beijing imposed regulatory requirements on its consumer-credit businesses. Ant has also restructured to run independently from Alibaba, with...

Humanoid robots, cyber dogs and robotic arms have made a strong impression at the eighth China International Import Expo (CIIE) in Shanghai, as a robotics boom has turned machines from the sector into showstoppers. Hangzhou-based Unitree Robotics made its third appearance at the CIIE, where it displayed new models, including the lightweight, consumer-facing R1, a taller and more facially human-like H2, and an upgraded industrial-grade legged robot, the A2. At Unitree’s booth, crowds eagerly...

Nvidia CEO Jensen Huang said on Friday that there were “no active discussions” about selling the company’s state-of-the-art Blackwell chips to China. Blackwell is Nvidia’s current flagship artificial intelligence chip that the Trump administration has so far prevented from being sold to the world’s second-largest economy, for fear it would aid the Chinese military and the domestic AI industry. While there was speculation last week that talks between US President Donald Trump and Chinese...

Shein Group has told investors that it is expecting a bumper US$2 billion in net income in 2025, after higher profit margins through price increases and cost-cutting helped overcome a drop in online traffic caused by US President Donald Trump’s punitive tariffs. The Singapore-based e-commerce giant is also forecasting mid-teen percentage growth in sales, according to people familiar with the matter, who asked not to be identified as the targets are private. The US$2 billion net income guidance...

Fosun Pharmaceutical, a leading healthcare group, has taken a substantial step towards introducing particle therapy systems to hospitals in mainland China, aligning with Beijing’s efforts to make advanced medical treatment accessible to cancer patients across the country. The Shanghai-based company, a subsidiary of China’s non-state-owned conglomerate Fosun International, formed a partnership with Leo Cancer Care on Thursday, pledging to distribute the UK firm’s Marie medical facilities in the...