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Kuaishou shares soar as Kling AI eyes US$20 billion valuation in potential spin-off
Tech
5/12/2026

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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Kuaishou stock surges on reports of Kling AI unit spin-off
Tech
5/12/2026

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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Chinese start-up ZYT eyes mass production of semi-autonomous trucks this year
NEWS
5/4/2026

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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Ant International Connects 150 Million Merchants to 2 Billion Accounts, Unveils AI Payment Protocol
Developing
Business·4/30/2026AI summary

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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Alibaba gets approval to spin off warehouse park as Reit in pivot for logistics assets
NEWS
4/27/2026

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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Chinese AI Startup DeepSeek Raises External Capital for First Time
Developing
Business·4/22/2026AI summary

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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From marathon-winning humanoids to potential robot guide dogs, tech firms showcase breakthroughs as Beijing backs robotics as growth driver
Tech
4/20/2026AI summary

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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