DeepSeek, the Chinese large language model developer, is said to be preparing for a 2027 IPO debut as it also looks to raise around $1.5 billion in new funds at a $71 billion valuation.
China’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom to…
Coupang has won the first round of its fight with South Korea’s competition regulator. The Seoul High Court on Tuesday suspended the Fair Trade Commission’s decision to name founder Bom Kim as the e-commerce group’s controlling figure, freezing the dis…
For the fifth quarter running, fewer phones left Chinese warehouses than a year earlier. Shipments fell 4.3% to 66 million units in the second quarter, according to figures published on Tuesday by IDC, as manufacturers raised prices to cover the rising…
Cutting the West’s reliance on China would carry a staggering price. A new study puts the cost of decoupling from China at $23.6tn over 25 years, and warns the bill would land hardest on the industries building Europe’s tech future. The West has spent …
A Bengaluru startup called Vimag Labs just secured its fifth Indian patent for an electric motor that runs without any rare-earth magnets, using software and power electronics to generate its magnetic field instead.
It’s a small, $5-million company tak…
Shein is scheduled to face the Hong Kong stock exchange’s listing committee on Thursday, Reuters reported on Monday, citing people familiar with the matter. It is the final procedural gate before the fast-fashion group, which has spent three years and …
Xi Jinping will attend the opening ceremony of the 2026 World Artificial Intelligence Conference in Shanghai and deliver a keynote speech, a Chinese foreign ministry spokesperson announced on Monday. It is the first time China’s leader has appeared at …
The founder of China’s most prominent AI lab has made an unambiguous case for openness. Frontier AI should stay broadly accessible rather than controlled by a select few, Zhipu’s Tang Jie wrote in an internal memo reviewed by Bloomberg. His argument in…
OpenAI’s new GPT-5.6 models are winning praise from an unlikely group. Users in mainland China, where the service is blocked and reachable only by VPN or third-party proxy, told the South China Morning Post the models are worth the extra cost. That is …