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Tesla's Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker's Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries......

With their domestic profits narrowing and production capacity expanding, China's firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc's next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. The emergence of Chinese companies onto the global stage has been one of the most important business stories of the past 50 years. From engineering contractors to......

Amazon's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to attract major AI customers to use its services. AWS, or Amazon Web Services, said it will adopt a technology called “NVLink Fusion” in a future chip known as Trainium4. It did not specify a release date. The NVLink technology creates speedy connections between different kinds of chips and is one of Nvidia's......

A rebound in Hong Kong stocks took a breather as investors awaited more clarity on policies from the world's key central banks and Beijing that would shape the outlook for markets next year. The Hang Seng Index fell 0.7 per cent to 25,902.69 as of 10.11am local time. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index climbed 0.1 per cent and the Shanghai Composite Index retreated 0.2 per cent. Alibaba Group Holding fell 1.5 per cent to HK$154.60 and Tencent Holdings......

Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of Chinese mainland companies tapping into the city's buoyant capital market. The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on......

OpenAI CEO Sam Altman is redirecting internal resources to speed up improvements to ChatGPT, declaring a “code red” situation that will delay work on other initiatives, according to people familiar with the matter. Altman on Monday sent an internal memo calling for a “surge” to improve ChatGPT, said one of the people, who asked not to be identified discussing nonpublic information. Altman also called for staff to delay progress on other efforts such as autonomous AI agents and advertising, the......

Mainland China's falling property prices and a weak economy could lead to rising loan defaults, adding to a surfeit of foreclosed homes and further extending the years-long slump, according to UBS. The number of apartments seized by banks from small businesses could reach more than 2.4 million by 2027, said John Lam, head of China property research at the Swiss bank, on Tuesday. Most small businesses on the mainland pledge property as collateral for loans. The sale of these foreclosed properties......

Beijing is extending an olive branch to overseas companies as it seeks to build a more integrated global supply chain for the shipbuilding industry, in its latest push to project goodwill and support free trade. Gao Dongsheng, chief economist at the Ministry of Industry and Information Technology (MIIT), said on Tuesday that China was committed to further opening up its shipbuilding sector. Mainland shipyards, which currently have a capacity to build about 65 million deadweight tonnes of large......

China's Tsinghua University has set up a new cross-disciplinary institute to undertake robotics research, the latest sign of increased academic support from its top universities as the country doubles down on the embodied intelligence competition with the US. The Institute for Embodied Intelligence and Robotics will integrate resources from Tsinghua's different schools, including automation, mechanical engineering, electronic engineering and computer science. Embodied intelligence is a field of......

Hong Kong's booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week's newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares. The shares have been priced at HK$58 each.......

LingGuang, an artificial intelligence vibe coding tool by Ant Group, has become a mini-app factory, helping users create 3.3 million flash apps in the two weeks since its launch, according to the Chinese fintech giant. Launched on November 18, LingGuang is a multimodal AI assistant that can generate simple apps in as little as 30 seconds in response to the users' natural language prompts. Ant is an affiliate of Alibaba Group Holding, which owns the South China Morning Post. In the past two......

[The content of this article has been produced by our advertising partner.] New research has found that advertisements placed alongside news articles perceived as “not brand safe” – such as those about politics or crime – perform as effectively as advertisements next to topics perceived as more brand-friendly, such as entertainment or sports.  The research was undertaken by the Future of News, a global initiative by Stagwell, the challenger network which links more than 70 agencies and 12,000......

For much of the global debate, the race for artificial intelligence (AI) supremacy has been framed as a binary contest between the United States and China. As Washington envisions it, victory hinges on frontier models and compute scale, a battle dominated by a handful of American labs. China is cast as the challenger, constrained by export controls and dependent on catching up. That narrative is increasingly outdated. China is not pursuing a single AI strategy. It is running three large-scale......

China is stepping up its chip self-sufficiency push by combining relatively mature chips with new computing architectures in an effort to approach Nvidia's performance levels, according to a top industry expert. Logic chips made with a 14-nanometre process, which are generally seen as trailing cutting-edge AI processors, could reach a performance comparable with Nvidia's 4nm products if they were integrated with high-performance memory and an innovative computing architecture, said Wei Shaojun,......

China logged a record 180 billion express deliveries in the first 11 months of the year, according to state media reports, as the country's online shopping platforms continue to rake in orders despite an economic slowdown. Xinhua said the bumper parcel deliveries – which reached as high as 777 million per day from January to November, according to the State Post Bureau – reflected the “vigorous vitality of China's economy”, though analysts cautioned that vendors were often relying on generous......

The first smartphone running on ByteDance's artificial intelligence agentic phone assistant sold out on the first day, as consumers jumped at the chance to try the AI-powered gadget that could change the way people use mobile phones. The ZTE Nubia M153, an “engineering prototype” only available for order online, was keenly sought after thanks to ByteDance's embedded operating-system-level Doubao Mobile Assistant, which is able to carry out tasks such as booking restaurants or editing photos via......

Hong Kong's property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of a deeper pullback this month as the Christmas holidays along with deferred launches of new homes following the deadly fire in Tai Po weigh on sentiment. Sales of new and lived-in homes, office units, shops, car parking spaces and industrial properties dipped 1 per cent to 7,121 from 7,190 in October, according to the Land Registry. The total value of deals edged up......

The devastating fire in Tai Po is likely to hurt profitability at Hong Kong's property insurers and could prompt them to review pricing strategies that have led to lower premiums amid fierce competition, according to S&P Global Ratings. “Claim losses from last week's fire at Wang Fuk Court in Tai Po will further erode the sector's underwriting margins,” said Emily Yi Chang Yoon, credit analyst at S&P, in a report. The city's property and casualty insurance companies already faced thinner......

Chinese short video platform Kuaishou on Monday launched a new artificial intelligence video generation model to challenge OpenAI's Sora and start-up Runway in the global market for AI content creation. Kuaishou, which competes with TikTok's Chinese sibling Douyin in China, said Kling O1 was the first unified multimodal video model in the industry, based on an architecture that integrated diverse video creation tasks – generation, precise and controllable editing and understanding – into a......

Mainland China's property market will remain under pressure in the first quarter of next year as weak monthly sales show few signs of a turnaround, according to Morgan Stanley. Sales at the country's top 100 developers fell 36 per cent in November from a year earlier to 184 billion yuan (US$26 billion), according to Morgan Stanley, which used data compiled by China Real Estate Information Corp (CRIC). In the first 11 months, developers recorded 2.71 trillion yuan in sales, a decrease of 19 per......