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Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
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.
Nvidia faces deepening scrutiny over China chip ties, CEO affair
The market value of Nvidia has plummeted following troubling accusations against CEO Jensen Huang, linked to his association with Alice Huang, who faces espionage allegations. The FBI is currently investigating whether foreign intelligence agencies have targeted Huang due to this connection. In response, Nvidia's board has begun an internal review to mitigate potential threats, highlighting vital concerns about the company's security measures and governance structure.
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.
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I was unfaithful to my wife: Nvidia CEO Jensen Huang admits secret affair with Chinese spy Alice Huang; all you need to know about the controversy
Nvidia CEO Jensen Huang admitted to having an extramarital relationship with a business executive. Reports suggest that the executive may have connections to Chinese espionage activities. Nvidia's board has initiated an independent investigation to examine these allegations thoroughly. US lawmakers have requested a briefing to understand potential national security issues related to the case. Huang remains the CEO, while the investigation seeks to clarify any risks to the company.
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.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
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.
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy in debut trade
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
Jio Platforms could overtake Bharti Airtel to become India’s second-largest listed company after its October 28 debut, with a 22% grey market premium implying a market capitalisation of Rs 12.5 lakh crore. Its Rs 30,213-crore IPO drew 22.2 times subscription, while brokerages highlighted growth opportunities in broadband, enterprise technology and AI.
Sinking profits turn China’s $3.5 trillion rout into trap
Chinese stocks are experiencing a significant selloff resulting in a loss of $3.5 trillion since May. Increased competition and declining demand have negatively impacted corporate profits across various industries. Many companies, including major technology firms, are under financial pressure, prompting them to seek additional funding. The third-quarter earnings reports have shown disappointing results, highlighting ongoing profitability concerns. Analysts remain cautious about the potential for economic recovery as consumption remains weak.
Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.
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.
AI was everywhere at GFF 2026. Full automation was not
Global Fintech Fest 2026 highlighted agentic AI's practical integration within the BFSI sector. Automation will handle basic tasks, but humans will retain final decision-making authority. Companies are focusing on specialised AI models and optimizing compute power for cost efficiency. Job roles are evolving, with a continued emphasis on hiring and upskilling employees.
DeepSeek pushes out updated AI model it says is faster, leaner
The firm unveiled the V4.1-Flash-1017 late Saturday afternoon with a series of posts on X saying the update had “stronger benchmark performance, faster task completion, and shorter outputs than the previous version.” The model is live across the web, on DeepSeek’s app and its platform for developers.
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.
Moonshot execs in talks to settle dispute with shareholder ahead of planned IPO, people say
Moonshot, a Chinese AI startup, is currently in discussions with Recurrent.ai amidst a backdrop of legal challenges concerning alleged misconduct by their executives, CEO Yang Zhilin and CTO Zhang Yutao. Accusations include unauthorized actions and misrepresentations. As settlement negotiations proceed, unresolved issues may jeopardize Moonshot's anticipated Hong Kong IPO, with Recurrent.
CurvetAI raises Rs 6 crore in pre-seed funding led by Merak Ventures
CurvetAI has secured Rs 6 crore in a pre-seed funding round led by Merak Ventures. The platform aims to streamline AI tools by integrating various capabilities into a single workspace. Founded by Vivek Dubey and Utkarsh Gupta, CurvetAI has over 100,000 monthly users globally. This funding will enhance its technology infrastructure and team, paving the way for agent-based products.
Beijing widens travel curbs to kin of top chip, AI talent
Government agencies have recently begun to share the wider restrictions with affected people, which include prominent startup founders as well as the heads of strategically important companies in AI-related fields, people familiar with the matter said. Direct relatives such as spouses and children of certain AI and chip executives, whose work is considered paramount to state security, are now required to obtain approval from Beijing before going abroad even for short trips, the people said.
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.
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.
Quote of the Day by Jack Ma: ‘We are never short of money. We lack people with dreams, who can die for those dreams’ - Inspirational quote from Chinese philanthropist and co-founder of Alibaba
Jack Ma believes people with dreams are more crucial than money for business success. He argues that capital can be found for convincing ideas and capable teams. Extraordinary commitment, not literal sacrifice, defines those who pursue their ambitious goals. Alibaba's early history demonstrates the importance of employees holding their own dreams. This philosophy highlights conviction as a driving force, not just funding, for ambitious ventures.
How Anthropic disrupted bioweapons research efforts, Russian hacking, Chinese Claude misuse
A growing number of illegal hacking attempts by rogue AI agents along with concerns over the technology's risks voiced by industry insiders have increased the pressure on leading pioneers in the field, raising the prospect of more regulation.
'Loneliness' in China is now a $1 trillion 'singles economy' in the world's second most populous country with 1.4 billion people
China’s growing number of people living alone is driving a $1 trillion singles economy, with businesses offering products and services tailored to solo consumers, from one-person meals and travel to pets, gaming and AI companions. The economy is likely to grow to $4 trillion by 2030. The trend is also reshaping spending habits, ageing concerns and China’s wider consumer market.
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