The CEO of an Ant-backed humanoid robotics startup has published a letter to OpenAI in Chinese that raises questions about technical and design similarities between the two companies’ recent models. “People often say major tech companies have intelligence networks monitoring the whole internet, this time I believe it, this is a direct distillation of us…
CHANGZHOU, JIANGSU, CHINA – 2026/05/05: XPENG’s showroom at Jiangnan Global Harbor displays two XPENG electric cars behind glass, with a staff member inside. (Photo by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of Chinese electric vehicle maker Xpeng fell more than 9% in Hong Kong on Tuesday after the…
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
Conceptual Portrait of Smartphone Addiction and Endless Scrolling. Marco_piunti | E+ | Getty Images This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Meta says it faces a trillion-dollar penalty and damage to its advertising model. But the trial could go well beyond one company. It could…
China’s Alibaba posted stronger growth in its key cloud division in the June quarter, as rising demand for its AI products boosted results. That came even as net income dropped 75% year-on-year to 10.4 billion Chinese yuan due to a rise in spending on cloud infrastructure. U.S. listed shares fell 4% in premarket trading. This…
An AI-themed ‘AGI Bar’ in Beijing’s tech-focused Zhongguancun district on Aug. 9, 2026. Pedro Pardo | Afp | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I’m seeing and hearing from local businesses. Is the AI race about…
A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. Florence Lo | Reuters Meta wants to lead in open-source AI. China’s Alibaba just reminded the U.S. tech giant how competitive the market is. On Monday, the Chinese tech giant launched…
Washington has been stepping up efforts to curb Beijing’s technological ambitions, but from artificial intelligence to electric vehicle batteries, Chinese technology is becoming increasingly embedded in the businesses of some of the world’s biggest companies. Apple has tapped Alibaba and Baidu for AI in China, while Ford has turned to CATL for battery technology. Volkswagen…
(L to R) Jensen Huang, President and CEO of Nvidia Corporation, Google CEO Sundar Pichai and Mark Zuckerberg, CEO of Meta, arrive for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the US Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-reynolds | Afp | Getty Images Last month, American tech giants came…
People walk by a giant Spiderman inflatable installation at the south courtyard plaza of Shuncheng Shopping Center on August 2, 2026 in Kunming, Yunnan province, China. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot…
