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A mild uptick in bitcoin mining in China has prompted calls for Beijing to loosen its restrictions and let the power-hungry industry tap into the country’s oversupply of energy, but experts said the likelihood of China ending its mining ban was low. China’s bitcoin mining market share by hash rate rose from 13.75 per cent in the first quarter of 2025 to 14.06 per cent in the cur...
Chinese artificial intelligence start-ups Moonshot AI and MiniMax have emerged as China’s strongest contenders to rival US frontier labs in 2025 – even as DeepSeek has stolen the spotlight as the poster child for the country’s AI ambitions. Moonshot AI, founded by 33-year-old Yang Zhilin, has sharply raised its profile in China’s AI ecosystem with the launch earlier this month o...
When Alvin Kwock, co-founder of digital insurer OneDegree, took part in the inaugural Hong Kong FinTech Week in November 2016, it was held at a venue suitable for only a few hundred people. “As it was the first ever fintech event in Hong Kong, only fintech start-ups were interested, no big financial institutions paid attention,” Kwock said. “People did not have a clear idea of f...
Chinese artificial intelligence company DeepSeek has released the world’s first open AI model to test and score a gold medal-level performance at the annual International Mathematical Olympiad (IMO), the Hangzhou-based start-up said on Thursday. DeepSeek has made widely available its Math-V2 model, which was open-sourced on developer platforms Hugging Face and GitHub, under a pe...
A fierce war of words has erupted between Dutch chipmaker Nexperia and its Chinese owner, Wingtech Technology, after China and the European Union signalled that their dispute should be resolved at the corporate level. Wingtech accused Nexperia’s head office of being insincere after the Dutch head office publicly released a letter that said the chipmaker’s Chinese unit had been u...
