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1 month ago | 
scmp.com | Xinmei Shen |Zhou Xin
DeepSeek’s launch of its latest open-source models has heralded China’s own “ChatGPT moment” by igniting a frenzy around artificial intelligence (AI) adoption, while raising questions about the viability of developing pre-trained in-house models, according to Lee Kai-fu, founder and CEO of Chinese start-up 01.AI.
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2 months ago | 
msn.com | Ben Jiang |Ann Cao |Wency Chen |Zhou Xin
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2 months ago | 
scmp.com | Ben Jiang |Ann Cao |Wency Chen |Zhou Xin
In 2022, under the pseudonym “an ordinary little pig”, the founder of artificial intelligence (AI) start-up DeepSeek quietly donated 138 million yuan (US$19 million) to Chinese charities. The name, a nod to Wang Xiaobo’s dark-humour short story “A Maverick Pig”, reportedly masked the true identity of Liang Wenfeng, a man whose quantum trading operation was facing mounting regulatory pressure.
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2 months ago | 
scmp.com | Zhou Xin |Che Pan
The first major casualty of the success of Chinese artificial intelligence (AI) start-up DeepSeek has turned out to be Nvidia, whose stock slumped 17 per cent on Monday amid fears that innovations from the Hangzhou-based firm could reduce the industry’s reliance on the US firm’s advanced chips.
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2 months ago | 
scmp.com | Zhou Xin |Che Pan |Ben Jiang
Chinese artificial intelligence (AI) start-up DeepSeek has gone quiet this week as it enters “holiday mode” for Lunar New Year while its recent technological developments continue to send shock waves through Wall Street and Silicon Valley, prompting reflections about current industry strategies and business models.
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Jan 21, 2025 | 
scmp.com | Coco Feng |William Zheng |Zhou Xin
Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance to begin talks with American investors, according to people familiar with the matter. With US President Donald Trump’s recent enthusiasm over striking a deal on TikTok, Beijing is seeing the value of a fair arrangement for the sake of improving the bilateral relationship, said one person who was briefed on the Chinese government’s considerations.
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Jan 15, 2025 | 
scmp.com | Zhou Xin
China’s most valuable artificial intelligence (AI) company, whose stock surged more than 470 per cent in the past 12 months, predicted its first-ever quarterly profit, adding fuel to hopes among some investors that the firm could replace US chip designer Nvidia in the local market amid Beijing’s self-sufficiency drive.
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Jan 13, 2025 | 
scmp.com | Zhou Xin
As China faces new headwinds from threats of new tariffs by US president-elect Donald Trump in his second term, Beijing has demonstrated extraordinary resilience in maintaining the country’s overall export momentum. China’s export machine remained formidable last year. Latest data from the customs office valued the country’s exports at US$3.58 trillion, rendering it the world’s top exporter. Its role as a key global supplier of finished products continued to be solid.
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Jan 6, 2025 | 
scmp.com | Zhou Xin
China’s central bank has reacted strongly to the depreciation of the yuan even though its weakening against the US dollar is modest compared to other Asian currencies, showing Beijing’s resolve to keep the exchange rate within its desired narrow range.
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Dec 30, 2024 | 
scmp.com | Zhou Xin
For many Chinese, 2024 will be remembered as a year when they had to come to terms with the prospects of a long period of slow economic growth. While China’s statistics agency is expected to publish data showing around 5 per cent economic growth for the year, that headline number has already lost its relevance to many investors and consumers. The country’s 10-year government bond yield, for example, fell below 2 per cent for the first time on record earlier this month.
