ALIBABA ARTIFICIAL INTELLIGENCE
ByteDance prepares Meta's Muse-like agent in push to close AI gap
ByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of competing with companies like Anthropic and OpenAI by 2030. The company intends to invest up to $70 billion in developing the Seedance video AI platform.
China's Singles Day shopping festival puts AI selling power to the test
If you are looking for evidence of how enthusiastically China is adopting AI, look no further than the country's premier month-long Singles Day shopping festival.
Jensen Huang is bigger than Nvidia — and it’s a problem
Nvidia has initiated an investigation regarding CEO Jensen Huang after acknowledgment of a romantic involvement with a Chinese spy. This revelation has raised questions about the company's future stability and ongoing projects. Investors are apprehensive about key-person risk due to Huang's significant influence on Nvidia’s operations and strategy.
Alibaba chip unit T-Head files confidential Hong Kong IPO application
China's Alibaba Group said on Tuesday that its chip unit, T-Head, has confidentially filed a listing application with the Hong Kong Stock Exchange after receiving approval to proceed with a spin-off.
Beyond Nvidia: Alice Huang’s reported ties to Gigabyte’s leaders and a data-centre business serving Alibaba
China's alleged spying operation targeting Nvidia CEO Jensen Huang goes beyond one executive. A New York Times investigation links Alice Huang, reportedly recruited by China's top intelligence agency, to Gigabyte's leadership and a Singapore-based data-centre company serving Alibaba. The operation allegedly aimed to gather information on Nvidia's advanced AI chips and influence their exports to China.
US Secretary of State Rubio warned Trump of Jensen Huang's ties to alleged Chinese spy: Report
Amid rising concerns, Nvidia's board is scrutinizing CEO Jensen Huang due to alleged espionage tied to his connection with Alice Huang, a businesswoman from China. US Secretary of State Marco Rubio previously cautioned about the implications of their association. It has come to light that Alice Huang's firm could be involved in unlawful smuggling of Nvidia products. However, Nvidia reassured that its operations will remain unaffected during this inquiry.
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Nvidia chips pile up in Hong Kong as China withholds import approval
About 600,000 of Nvidia's advanced artificial intelligence chips are stored in Hong Kong awaiting shipment to mainland China, two people familiar with the matter said, as Beijing withholds approval for large-scale imports despite demand from technology firms.
Hong Kong stocks jump 3%, China shares edge higher as tech stocks rally
Hong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Tencent drove gains, while mainland Chinese equities advanced modestly. Energy stocks tumbled as crude oil prices plunged on hopes of easing geopolitical tensions.
China's 'Lipstick King' touts AI tokens in first for Singles' Day festival
The launch is the first time AI token packages have been offered as a significant consumer product category during Singles' Day, the world's largest shopping festival originally held on November 11 each year.
AI-powered cyberattacks siphon ₹300 crore from small NBFCs in two months
Recent cyberattacks have inflicted an estimated loss of ₹300 crore on Indian NBFC, with around 150 fraud cases reported. Focus has shifted towards identifying Chinese hacking platforms and AI toolkit involvement in these incidents. Exploiting operational weaknesses, these cybercriminals persistently launch their attacks, leading to urgent calls for NBFCs to bolster their cybersecurity frameworks to fend off further threats and safeguard their operations.
IndiaMART bets on AI to sharpen its edge, but warns of uncertain returns
IndiaMART InterMESH Ltd reported a 9.8% increase in net profit for the second quarter of 2026. The company has integrated artificial intelligence into over 20 operational functions, enhancing various processes. AI models such as ChatGPT and Claude are utilized to optimize operations and improve efficiency. Revenue for the quarter increased by 9.7%, reaching ₹429 crore, reflecting growth in the standalone business.
Dragon enters bear cave with $2.4 trillion lost since May peak
Chinese stocks have recently entered a bear market, resulting in a total loss of $2.4 trillion. Major indexes, including the CSI 300 and Hang Seng, have significantly declined in value. Investors express concerns about the future profitability of artificial intelligence companies and weak domestic demand. Analysts suggest the market malaise may continue into next year without substantial policy changes.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
Hong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks sold off. Weak stimulus expectations, concerns over economic imbalances and broader AI-related market losses weighed on investor sentiment.
Japan’s Nikkei jumps over 1% as AI optimism lifts chip stocks; exports rise 16.7%
Japan’s Nikkei 225 rose 1.56% as renewed optimism over AI demand and gains on Wall Street lifted investor sentiment. Strong export growth and reports of major Chinese technology firms ordering Nvidia chips also supported the rally.
Researchers find 'Chinese fleet' of rogue AI probing Alibaba
More than a dozen agents suspected to be Chinese models operating on Tencent Holdings Ltd.’s cloud services attempted to access Alibaba Group Holding Ltd.’s Amap service in recent weeks, according to a report by a group of AI researchers in the US and abroad called Swarmchasers.
‘AI agents will need solid data foundation to deliver results’
Fragmented data pipeline traps AI tools inside corporate silos, Databricks JAPAC head Simon Davies tells Tanya Pandey & Surabhi Agarwal. When moving from pilot to production, organisations realise that without a solid data foundation, it is hard to understand the real implications agentic capabilities will have on the organisation, Davies said.
Nvidia’s share of China AI chip market falls to 34% as Huawei gains ground
Nvidia's share of China's AI chip market dropped to 34% in the first half of 2026 due to US export restrictions. Domestic competitors like Huawei increased their market presence significantly during this period. The total AI accelerator shipments in China reached over 2 million units, with non-GPU shipments surpassing GPU sales for the first time.
Global Market: Hong Kong stocks fall as oil rises, tech and biotech shares drag
Hong Kong stocks fell as rising oil prices, weak economic data and selling in major technology and biotechnology shares weighed on sentiment. The Hang Seng declined 0.5%, while tech stocks dropped 0.9%. A weak PMI, subdued consumer demand and mixed industrial data added caution, despite optimism from China’s policy support.
Trump has just fired the starting gun on a new Cold War with China
The US-China AI race is increasingly taking on the character of a Cold War-style strategic contest, with artificial intelligence becoming linked to economic power, military capability, national security and technological leadership.
China's AI agents can lie and scheme - just like their US rivals
Reuters examined more than 200 documents, ranging from university research papers to technical reports, and identified at least 20 studies or evaluations since 2025 describing cases where agents displayed behaviour such as deception, replication and challenging boundaries that AI experts described as building blocks for a breakout and which could become harder for humans to control as systems advance.
ETMarkets NRI Talk | AI’s 30x sales premium: Apurva Sheth on OpenAI, Anthropic and the valuation debate
OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-to-sales, compared with around 3.7 times for the average S&P 500 company.
China chipmaker CanSemi seeks to raise up to $918.5 million in Shenzhen listing
Chinese chipmaker CanSemi Technology is seeking to raise 6.16 billion yuan ($918.5 million) in a Shenzhen listing after pricing its shares at 12.01 yuan each, a company filing showed on Wednesday.
China's Alibaba launches international data centre push
Chinese tech giant Alibaba unveiled plans on Wednesday to expand its overseas data centres, targeting markets across Europe and the Middle East. Alibaba is targeting more than 20 gigawatts of global data centre capacity by 2032, Wu said during the firm's annual flagship conference in Hangzhou.
Could a US-China 'hot line' be set up for AI risks?
With unchecked development of artificial intelligence sparking deep fear even among leaders in the sector, the United States is looking at establishing a dedicated communication channel with China on the issue. The United States and China, engaged in competition for leadership in AI development, are reluctant to impose significant restrictions on domestic companies for fear of losing an advantage.
Xi Jinping unlikely to bring CEOs to summit where Trump seeks deals
US President Donald Trump is preparing to host China's President Xi Jinping for an upcoming summit in Washington. The Chinese leader is not expected to bring a delegation of top business executives. Many prominent technology leaders from the US will attend the state dinner alongside high-ranking officials. Tensions between the US and China regarding various issues have been rising in recent weeks.
Trump and Xi see tensions flare over AI, trade and Iran but still seek stability
Trump and Xi are set to meet in Washington as the US-China relationship remains marked by intense competition over AI, trade and technology. The leaders are expected to seek stability rather than a major breakthrough, with Iran, Taiwan and tariffs also on the agenda.
Global Market: China stocks climb on AI boost, US-China talks in focus
Mainland China and Hong Kong stocks rose on Tuesday, driven by strong gains in artificial intelligence shares following agreements between the US and China to continue talks on AI safety. Investors remain focused on upcoming policy signals from Beijing and President Xi Jinping's scheduled state visit to the US.
Alibaba plans AI model with 5 trillion to 10 trillion parameters, unveils new chip
Speaking at Alibaba Cloud's annual Apsara Conference in Hangzhou, Wu said the company's Qwen team was continuing research into model architecture and data optimisation, with the goal of completing "more complex, longer-horizon tasks" and advancing toward artificial superintelligence, or ASI.
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