China's Hang Seng Tech Index, which includes Chinese tech giants like Tencent and Alibaba, is down 28% since October 2025, shedding nearly $600B in market value
Sources: Baidu's Ernie Assistant passes 200M MAUs, as competition intensifies among Chinese tech giants in AI; Ernie is linked to apps like JD.com and Meituan
Ernie Assistant is integrated into its flagship Baidu search-engine app and on personal computers
In South Korea's competition to locally create an independent AI model, three of the five finalists used foreign open-source code, which they argue is practical
Korea's efforts show how hard it is to develop homegrown AI models and break a reliance on U.S. or Chinese tech giants
How Saudi Arabia is pouring money into data centers and working with US and Chinese tech giants, landing its AI ambitions in the middle of a geopolitical tussle
www.nytimes.com/2025/10/27/t... Paul Mozur / @paulmozur : Instead of exporting oil, the kingdom wants to export computing power. The idea is coders in Europe, Africa, and Asia connect to Saudi data c...
Sources: Chinese companies including Ant Group and JD.com pause plans to issue stablecoins in Hong Kong after instructions from regulators not to move ahead
Regulators raise concerns about the rise of privately controlled currencies — Chinese tech giants have paused plans …
Chinese tech giants splurge on AI infrastructure, doubling their capex in 2024; Alibaba, Tencent, and Baidu had a combined ~$7B capex in H1 2024, up 117%+ YoY
Financial Times :
Chinese city governments plan to offer “computing vouchers”, worth $140K to $280K, to AI startups, to try to level the playing field with China's tech giants
Chinese tech giants are hogging scarce cloud resources to develop generative AI models as US restrictions bite
Investigation: Alibaba paid Chinese scholars to lobby authorities to relax regulations and rehabilitate its reputation, hoping to navigate China's clampdown
Alibaba has been paying academics to lobby Chinese authorities to relax regulations and rehabilitate its reputation … Tweets: @edourdoo , @henrysgao , @marietjeschaake , @angelazhanghk , and @niubi Tw...
Alibaba, Tencent, and other Chinese tech giants struck a truce with the government, accepting slower growth and stricter controls as China eases its crackdown
Bloomberg : Tweets: @pingroma and @pingroma Tweets: Zheping Huang / @pingroma : China Tech Inc. has struck an ugly truce with Xi Jinping. Beijing has let go of its campaign of sudden, severe crackdow...
Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold
Bloomberg :