Tencent Holdings is the seller behind a share sale of Chinese brokerage-platform operator Futu Holdings, according to people familiar with the matter, the latest that takes advantage of improving market conditions after Beijing unveiled economic stimulus. An unidentified shareholder raised about US$206 million after selling Futu’s American depositary shares at a 5.9 per cent premium … Read more
“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more
The service called DingTalk 365 offers more than 10 features including AI-powered search, virtual assistant and automated reply, according to a DingTalk post published on Monday on the platform’s public WeChat account. Alibaba owns the South China Morning Post. The search feature, for example, uses large language models – the technology underpinning generative AI (GenAI) … Read more
The fictional Jarvis – an acronym that stands for “Just a Rather Very Intelligent System” – is a sophisticated AI assistant that made its debut in the 2008 film Iron Man, in which it manages and operates the internal systems of Stark’s laboratory, home and superhero armours. Ant Group, the fintech affiliate of Alibaba Group … Read more
The companies unveiled their “Large Language Model Security Requirements for Supply Chain” on Friday with the World Digital Technology Academy (WDTA), during a side event at the Inclusion Conference on the Bund in Shanghai. This new standard, which covers the entire life cycle of LLMs, is part of the WDTA’s broader AI Safety, Trust, and … Read more
Chinese fintech giant Ant Group, the operator of one of China’s largest payment services, Alipay, has launched a stand-alone artificial intelligence (AI) app that works as a virtual assistant in its latest effort to turn large language models (LLM) into consumer services. Ant launched its chatbot app Zhixiaobao on Thursday, with a name meant to … Read more
Baidu on Wednesday announced a rebranding of its flagship artificial intelligence (AI) app Ernie Bot, as the Chinese technology giant tries to distinguish itself in an increasingly crowded and competitive market. The Chinese renaming of Ernie Bot to “Wenxiaoyan” from “Wenxin Yiyan” reflects the tool’s positioning as a “new search” assistant, according to Xue Su, … Read more
Jiyue, a premium electric vehicle (EV) maker backed by China’s search-engine giant Baidu, is doubling down on autonomous-driving technology as it launches its second model and fights to gain traction in the country’s cutthroat market for battery-powered cars. The Jiyue 07, a fully electric sedan expected to take on Tesla’s Shanghai-made Model 3, will feature … Read more
TikTok owner ByteDance has launched a stand-alone app in China to search for short video content published on Douyin, bringing it into closer competition with internet search giant Baidu. Douyin Search, which draws on the popularity of the Chinese version of TikTok, became available for download on various domestic Android app stores this week. The … Read more
Chinese internet search giant Baidu appears to have started blocking the online search engines of Alphabet’s Google and Microsoft’s Bing from scraping content derived out of the mainland firm’s Wikipedia-style service, a Post survey found. A recent update of Baidu Baike’s robots.txt – a file that tells search engine crawlers which uniform resource locators, commonly … Read more
