scmp

Nvidia to provide up to US$105 billion guarantee for OpenAI’s Ohio data centre Leading technology firms are increasingly tying together chips, power and data centre development as they race to meet soaring AI demand Nvidia has agreed to provide a guarantee of up to US$105 billion

China expands digital yuan network with 8 new banks to accelerate adoption China launched the digital yuan in 2019, but retail adoption has been slow as Chinese consumers are accustomed to using Alipay and WeChat Pay The People’s Bank of China (PBOC) added eight lenders – includi

Geely’s Li Shufu hands over reins to younger generation for ‘healthy’ growth China’s second-largest carmaker names new chairman and CEO in planned succession, as profit drops despite record revenue and export surge Chinese billionaire Li Shufu has relinquished his role as chairma

Alibaba sells gaming arm Lingxi Games as tech giant sharpens focus on AI and e-commerce The landmark deal sees Citic Capital’s private equity arm acquiring the unit famous for strategy game Three Kingdoms Tactics Alibaba Group Holding has agreed to sell its wholly owned gaming bu

China’s first‑tier new home prices flat in July, ending 4‑month rebound Top cities in China see flat readings last month, ending a streak of improvement in the struggling housing market New home prices in China’s four first-tier cities were flat on average in July from June, brin

Job losses mount in German automotive sector as challenge from China intensifies Automotive industry shed more than 40,000 jobs – 5.8 per cent of its workforce – in first half of year, statistical office says Germany’s automotive industry shed 42,300 jobs in the year to the end o

China’s domestic demand further weakens in July, analysts bet on extra stimulus Retail sales, a key consumption metric, trailed a 1.3 per cent growth forecast, while fixed-asset investment also weakened China’s economic imbalances continued to deepen in July, as sluggish retail s

AI chipmaker Biren projects up to 22-fold revenue surge amid China’s hi-tech boom Massive financial gains across domestic chipmakers underscore how the push for self-sufficiency is reshaping demand for home-grown hardware Chinese artificial intelligence chipmaker Biren Technology

Hong Kong firm bets on Chinese open-weight models to rival CoreWeave ‘Neo-cloud’ provider Antimatter is helping businesses shift away from the US’ frontier AI models, promising lower costs and greater data sovereignty Now, a new Hong Kong-based company aims to turn that trend int