The Chinese Ministry of Industry and Information Technology has granted Geely's subsidiary, Zhejiang Geespace Technology, a two-year trial permit for satellite IoT services, making it the first private company in China to receive such approval.
Biren Technology forecasts 1,852% to 2,107% year-on-year revenue growth for H1 2026, driven by strong demand for AI-focused GPUs, with projected revenue of ¥1.15-1.3 billion (US$170.5-218 million) and narrowing net loss.
A former Deloitte IT manager in Hong Kong has been remanded in custody after pleading guilty to stealing 423 laptops worth HK$1.2 million over 17 months to fund his stock trading losses.
The 21 APEC member economies, including the U.S. and China, issued the "Chengdu statement" on AI, supporting open-source development while emphasizing security, data protection, and intellectual property rights, signaling a move towards increased state oversight in the sector.
Beijing plans to increase its intelligent computing power to over 130,000 petaflops by late 2026 and implement new policies for its "token economy," accelerating AI adoption to compete with the US in the tech race.
China's market approvals in the first half of the year were dominated by domestically produced novel drugs, accounting for over 80% of clearances. This includes CARsgen Therapeutics' Satri-cel, the world's first CAR-T treatment for solid tumors, and Neuracle Medical Technology's implantable brain-computer interface system.
Moore Threads and Hygon project 135.1%-149.1% and 55.6%-70.2% revenue growth, respectively, in H1 2026, driven by China's surging demand for AI computing power amid US export controls.
Anthropic stated that users in China were not authorized to use its Claude Code product, following a warning from China's MIIT about security risks. The MIIT cited a "built-in monitoring mechanism" that could send sensitive data remotely, which Anthropic confirmed was for tracking user locations to prevent model "distillation."
China anticipates its humanoid robot production to surpass 100,000 units in 2024, driven by advancements in AI, large language models, and AI chips. The AI market in China is projected to reach 1.2 trillion yuan ($180 billion) by 2025, with over 30% of major industrial enterprises integrating AI into manufacturing.
China's Ministry of Industry and Information Technology and seven other agencies released a plan Tuesday to expand digital infrastructure, boost AI in factories, and develop industrial internet platforms. Targets include 50,000 industrial 5G private networks by 2030.
A Washington-based report warns China is rapidly closing the innovation gap with the US in the commercial space sector, backed by strong state support, with projections of the global space economy exceeding $1 trillion in the next decade.
Malaysian Prime Minister Anwar Ibrahim and ASEAN Secretary General Kao Kim Hourn will attend the Russia-ASEAN Business Forum in Kazan on June 17. The forum will focus on IT, AI, trade, and logistics, bringing together business representatives from over fifteen countries.
China has approved licenses for 166 foreign companies to pilot value-added telecommunications services, including internet data centers and information services, in select zones. Analysts believe this move offers opportunities for multinationals but will likely have a limited impact on the domestic market due to existing competition and pilot zone restrictions.
China includes AI chips in 'secure and reliable' tech assessments for the first time, part of its Xinchuang initiative to replace foreign hardware/software with domestic alternatives, targeting AI infrastructure amid US export controls.
The Ministry of Electronics and Information Technology has denied blocking Rahul Gandhi's social media posts featuring Tamil Nadu Chief Minister Vijay. Sources stated that Instagram's internal system mistakenly flagged the content, which has since been restored. This clarification comes after Congress alleged the ministry was suppressing opposition voices.
Beijing is moving to make green electricity usage a key metric in the operation of new data centre projects, as part of a major push to align the rapid expansion of artificial intelligence with national carbon goals, according to an action plan released Friday. The policy document, jointly released by four bodies – the National Energy Administration, National Development and Reform Commission, Ministry of Industry and Information Technology and National Data Administration – encouraged operators...
At a New York City ballroom late last month, a crowd of hi-tech luminaries gathered at an honours ceremony. The biggest draw for the assembled tech geniuses was Nvidia founder Jensen Huang, the superstar head of one of the world’s most valuable companies, set to receive the night’s top award. In some ways, engineers have been at the centre of every industrial revolution, Huang told the crowd, from steam to electricity to information technology. But this one, artificial intelligence (AI), will be...
US technology companies should stay in China, despite persistent political pressure for their exit, to capitalise on revenue potential and stifle local competition while monitoring consumer trends, according to a Washington-based policy think tank. Sales generated by American firms within China can be reinvested in research and development back in the United States, thereby helping “sustain US innovation leadership”, the Information Technology and Innovation Foundation (ITIF) said in a new...
China's technology vice-minister Ke Jixin says domestic software and operating systems have seen a transformative shift in user experience, with HarmonyOS running on over 55 million smartphones as of end-March 2026. HarmonyOS surpassed Apple iOS in China in late 2024 and was second-largest OS behind Android in early 2025, but slipped to third place in Q4 2025 with 16% market share as iOS captured 22%.
Infosys slipped out of India's top 10 most valued companies on Monday, closing with a market capitalisation of just over Rs 4.7 lakh crore, ranking 11th behind LIC. TCS, once the second-most valued company, now ranks sixth with a market cap of Rs 8.9 lakh crore. The shifts are driven by AI-led disruptions challenging business models of India's software exporting majors, as IT stocks witnessed sharp sell-offs while the Sensex closed 639 points up at 77,304.
At the consultations, the parties exchanged views on such issues as cooperation in the use of artificial intelligence technologies, capability development and training of Vietnamese specialists in information technology and information security
Samsung SDS reported first-quarter net profit of 91.8 billion won, down 57.8% year-on-year, due to a 100 billion-won provision for retirement benefits following a change in severance pay calculation. Operating profit fell 70.8% to 78.3 billion won while sales declined 3.9% to 3.35 trillion won. The company announced plans to invest 10 trillion won in AI infrastructure and M&As by 2031, and recently secured a 1.2 trillion-won investment from KKR.
China's Ministry of Industry and Information Technology reports the country has achieved 1,882 exaflops of computing power, while the US holds roughly 50-75% of global AI computing capacity according to Stanford estimates. Unlike China, the US does not publish a unified national figure as most AI infrastructure is privately owned and measured using different standards.
Samsung SDS has partnered with Google Cloud to collaborate on AI, cloud computing, and security sectors. The partnership was signed during Google Cloud Next 2026 in Las Vegas. Samsung SDS will leverage Google Distributed Cloud to expand into high-security and regulated markets such as public and financial sectors, and provide enterprise customers access to Google's Gemini Enterprise and agentic AI solutions through its Samsung Cloud Platform.
