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Lens Technology chairwoman Zhou Qunfei seated between Apple’s Tim Cook and Tesla’s Elon Musk at China’s state banquet hosted by Chinese President Xi Jinping on Thursday night. Photo: CCTV

Tech

Meet Zhou Qunfei: the woman seated between Cook and Musk at China state banquet

The chairwoman of manufacturing giant Lens is one of the country’s richest self-made women, working her way up from Shenzhen’s factory floors.

Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

China’s top chip foundries forecast second-quarter growth amid AI boom

Big Tech

Alibaba, Tencent present a tale of two strategies for AI spending

Alibaba will focus its AI capex on cloud services, while Tencent is prioritising internal demand with its spending.

Alibaba Cloud signage is pictured at the Alibaba office in Beijing on April 1, 2026. Photo: AFP
Alibaba Cloud signage is pictured at the Alibaba office in Beijing on April 1, 2026. Photo: AFP

China EVs

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts.

Big Tech

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

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Tech Trends

Chinese memory module makers ramp up production with new CXMT DRAM

Founded in 2016, CXMT is widely regarded as China’s only domestic DRAM maker to have achieved mass production.

CXMT is also moving towards a domestic initial public offering to fund further expansion. Photo: Handout
CXMT is also moving towards a domestic initial public offering to fund further expansion. Photo: Handout

Big Tech

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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Big Tech

AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth

CEO Pony Ma told shareholders there was the beginning of a turnaround, but that the company was ‘not yet seated’.

Tech Trends

How ByteDance plans to turn OpenClaw craze into a profitable AI business

ArkClaw’s subscription model and surging token demand mark ByteDance’s new approach to agent economics.

The logo of OpenClaw, an open-source AI assistant. Photo: Reuters

Banking & Finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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METiS TechBio debuts on Hong Kong stock market and raises HK$2.11 billion (US$269.5 million) from the sale of 201.23 million shares at HK$10.50 each. Photo: Jelly Tse
METiS TechBio debuts on Hong Kong stock market and raises HK$2.11 billion (US$269.5 million) from the sale of 201.23 million shares at HK$10.50 each. Photo: Jelly Tse

Tech Trends

China’s chip dream: Loongson challenges Intel, fuelled by Beijing’s tech drive

Since its launch in November 2023, the 3A6000 has been adopted in a Chinese government-backed IT replacement programme called ‘XinChuang’.

Big Tech

China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit

The role of tech products in April’s trade data reflects how computing-related goods are a ‘new and important growth driver’ for exports.

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Policy

Tencent wins conditional antitrust approval for US$2.4b Ximalaya acquisition

The State Administration for Market Regulation cleared the deal on Tuesday, but imposed five conditions.

Tencent announced its plan to acquire Ximalaya last June through its subsidiary Tencent Music Entertainment Group. Photo: Shutterstock Images

Tech Trends

JD.com reports 53% decline in first-quarter profit to US$750m

The subdued results came after the firm reported its first quarterly loss in the fourth quarter last year amid an ongoing price war.

The JD.com logo is seen on its sorting centre in Beijing, November 11, 2025. Photo: Reuters
The JD.com logo is seen on its sorting centre in Beijing, November 11, 2025. Photo: Reuters

China Business

China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS

Company’s shares jump in Hong Kong and Shenzhen after tie-up that bolsters China’s growing drug innovation profile.

Tech Trends

Unitree debuts US$574,000 ‘mecha’ robot that ‘transforms’ from 2 legs to 4

The GD01 expands the Hangzhou-based company’s portfolio at a time when Chinese manufacturers are significantly outstripping their US rivals.

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Tech

Prognosis positive: how AI could help China bridge the medical resources gap

Hospitals, medical professionals and patients stand to benefit as country pushes to integrate AI into healthcare sector.

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Illustration: Henry Wong
Illustration: Henry Wong

Big Tech

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

Western competitors like GoPro face shrinking footprints as strategic shifts of Chinese firms disrupt the status quo while navigating FCC-led national security bans.

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Blockchain

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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Big Tech

Why China’s tech giants cannot afford to lose the global AI race

AI rivalry is challenging the traditional strategies of China’s ‘big tech’ firms and how they have monetised their products in the past.

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Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Big Tech

China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit

24
Chinese trade received a significant boost from the technology sector in April. Photo: Shutterstock Images

Big Tech

Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

AI systems that can automate the AI research and development process have long been seen as the holy grail of AI research. Photo: Shutterstock Images

Big Tech

China’s top chip foundries forecast second-quarter growth amid AI boom

The SMIC logo is displayed outside one of its facilities in Shanghai, March 15, 2024. Photo: AFP

China Business

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

A view of the Ford BlueOval Battery Park under construction in Marshall, Michigan. Photo: Universal Images Group via Getty Images

Big Tech

Alibaba, Tencent present a tale of two strategies for AI spending

Alibaba Cloud signage is pictured at the Alibaba office in Beijing on April 1, 2026. Photo: AFP
MORE IN China Future Tech
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OPINION
Zhou Xiaoming

Opinion | How US tech hegemony is locking out the Global South

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Nicholas Spiro

The View | Energy crisis showcases strengths of China’s data centre market

Nicholas Spiro
Ran Guo

Opinion | World may find itself ‘in a very Chinese time’ of data governance

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Zongshuai Fan

Opinion | Beyond subsidies: what’s really driving China’s industrial climb

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Richard Harris

Opinion | My finance expertise was no defence against online scammers

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Xiao Qian

Opinion | US-China AI race must strike a balance between security and openness

Xiao Qian
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MULTIMEDIA
Video

China’s Unitree unveils manned mecha

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What is this robot at the Met Gala?

Met Gala robot wows on the red carpet
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Hangzhou’s ‘robocops’ direct tourist traffic

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Sophia the robot makes classical music debut

Humanoid robot Sophia performs during a rehearsal with the Hong Kong Baptist University (HKBU) Symphony Orchestra ahead of its 2026 Annual Gala Concert, in Hong Kong, China, April 29, 2026. REUTERS/Tyrone Siu
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