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Kuaishou shares soar as Kling AI eyes US$20 billion valuation in potential spin-off
Tecnología
12.05.2026

Kuaishou shares soar as Kling AI eyes US$20 billion valuation in potential spin-off

Kuaishou Technology’s shares jumped as much as 10 per cent on Tuesday morning after reports that the Chinese short-video platform was raising new funding for its Kling AI unit at a valuation of US$20 billion. Kuaishou – often seen as a rival to ByteDance-owned Douyin in China – plans to spin off its video generation service, according to a report by Chinese technology news outlet The LatePost on Monday, citing anonymous sources. The company is in talks with potential investors, including Tencent...

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SCMP Tech
Kuaishou stock surges on reports of Kling AI unit spin-off
Tecnología
12.05.2026

Kuaishou stock surges on reports of Kling AI unit spin-off

Kuaishou Technology’s shares jumped as much as 10 per cent on Tuesday morning after reports that the Chinese short-video platform was raising new funding for its Kling AI unit at a US$20 billion valuation. Kuaishou – often seen as a rival to ByteDance-owned Douyin in China – plans to spin off its video generation service, according to a report by Chinese technology news outlet The LatePost on Monday, citing anonymous sources. The company is in talks with potential investors, including Tencent...

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SCMP Tech
Chinese start-up ZYT eyes mass production of semi-autonomous trucks this year
NOTICIA
04.05.2026

Chinese start-up ZYT eyes mass production of semi-autonomous trucks this year

Chinese self-driving technology firm ZYT is edging closer to mass production of semi-autonomous trucks that can improve fuel efficiency and save logistics costs, likely to benefit the country’s manufacturing businesses amid a global energy crisis. The Shenzhen-based start-up, a spin-off from drone maker DJI, has formed partnerships with mainland China’s top six heavy-truck makers to produce models fitted with its navigation on autopilot (NOA) systems, with the first deliveries expected as early...

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SCMP Economy
Ant International Connects 150 Million Merchants to 2 Billion Accounts, Unveils AI Payment Protocol
En desarrollo
Business·30.04.2026Resumen IA

Ant International Connects 150 Million Merchants to 2 Billion Accounts, Unveils AI Payment Protocol

Ant International disclosed at its MoMents 2026 forum in Kuala Lumpur that it has connected over 150 million merchants with 2 billion consumer accounts globally. The company supports 300+ payment methods across 220 markets and processes 20 million daily transactions. It unveiled an open-sourced Agentic Mobile Protocol for AI agents and launched an AI payment processing product through Alipay enabling automatic payments for merchants when AI agents purchase services.

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SCMP Economy
Alibaba gets approval to spin off warehouse park as Reit in pivot for logistics assets
NOTICIA
27.04.2026

Alibaba gets approval to spin off warehouse park as Reit in pivot for logistics assets

Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang...

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SCMP Economy
Chinese AI Startup DeepSeek Raises External Capital for First Time
En desarrollo
Business·22.04.2026Resumen IA

Chinese AI Startup DeepSeek Raises External Capital for First Time

DeepSeek, a Hangzhou-based AI startup spin-off from hedge fund High-Flyer, has begun its first external fundraising round, seeking to sell no more than 3% of equity. The move aims to establish a market valuation benchmark and provide employee stock option clarity to retain talent against aggressive poaching by well-funded rivals. State-backed funds including Big Fund III affiliates are expected to participate, with estimated valuation potentially exceeding US$100 billion.

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SCMP Tech
From marathon-winning humanoids to potential robot guide dogs, tech firms showcase breakthroughs as Beijing backs robotics as growth driver
Tecnología
20.04.2026Resumen IA

From marathon-winning humanoids to potential robot guide dogs, tech firms showcase breakthroughs as Beijing backs robotics as growth driver

Honor unexpectedly won the second Beijing humanoid half-marathon with its Lightning model finishing in 50:26, beating competitors Unitree and X-Humanoid. The Huawei spin-off, which only entered robotics last year, credited its success to structural durability, self-developed electric motors and liquid cooling systems adapted from smartphone tech. Alibaba's mapping unit Amap also debuted a quadruped robot called Tutu, as Beijing seeks to drive growth in the robotics sector.

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SCMP Economy