OpenAI valuation to reach US$150 billion in new fundraising round involving Nvidia, Apple

Source: Tech – South China Morning PostThe US start-up is also in talks to raise US$5…

New Hong Kong crypto scheme could see changes with SFC involvement in OTC rules

Source: Tech – South China Morning PostA previous proposal had OTC cryptocurrency shops under the excise…

Shengshu AI says its Sora-like text-to-video tool will bring down production costs

Source: Tech – South China Morning PostThe Beijing-based start-up held an event dedicated to a feature…

Alibaba logistics arm Cainiao launches next-day delivery in Europe, builds new hubs

Source: Tech – South China Morning PostCainiao’s latest initiatives reflect Alibaba’s commitment to expand the company’s…

China’s technology sector relies heavily on capital from SOEs, government funds

Source: Tech – South China Morning PostInvestment guru Fang Fenglei said the situation could lead to…

Tencent’s WeChat Pay brings palm payments to Macau, targeting mainland Chinese tourists

Source: Tech – South China Morning PostWeChat Palm Pay lets mainland tourists pay by scanning their…

Saudi Arabia’s Gain Summit draws US and Chinese tech giants as kingdom goes all out for AI

Source: Tech – South China Morning PostThe third Global AI Summit, which started on Tuesday in…

ByteDance’s Douyin emerges as fast-rising rival to e-commerce giants Alibaba, JD and PDD

Source: Tech – South China Morning PostThe short-video platform saw gross merchandise value rise by 46…

Chip war: former Samsung executives arrested for allegedly stealing tech for China

Source: Tech – South China Morning PostSouth Korean police says the two people leaked memory technologies…

Alibaba founder Jack Ma urges business empire to remain steadfast, ‘believe in the future’

Source: Tech – South China Morning PostTo mark the 25th anniversary of Alibaba’s founding, Ma called…

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