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Humanoid robot maker EngineAI files for a Hong Kong IPO

EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale. The company is only three years old. It raised […]

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Nvidia’s Vera CPU is its side door back into China

Nvidia has started pitching its Vera CPU to Chinese customers. Orders can begin now, and deliveries could start as soon as August, Reuters reported on Friday, citing three people familiar with the talks. It is a workaround dressed as a product launch. Nvidia’s China business has collapsed under US export controls. Jensen Huang said in […]

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Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.

Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed by private equity firm DCP Capital. The move comes months after Meituan agreed to pay $717 million for […]

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AI bubble fears are spreading, even as SpaceX readies the biggest IPO ever

On the day SpaceX prices the largest stock-market debut in history, the market underneath it has a case of nerves. The cause is not rockets. It is AI. Several warning lights are flashing at once. Together they amount to the first serious test of a trade that has carried global markets for two years. The […]

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China’s state-run Workers’ Daily calls for a ‘dam’ to protect labour rights as AI spreads

China’s Workers’ Daily, the official mouthpiece of the country’s umbrella trade union, has published a pointed editorial urging government agencies to protect labour rights as artificial intelligence spreads across the economy. The newspaper, which is published by the All-China Federation of Trade Unions, titled the piece: “With the AI wave surging, how can we build […]

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Meta has cut Manus off from its internal systems and told staff to sunset the AI platform

Meta has erected a data firewall between itself and Manus, the Chinese-founded agentic AI service it acquired for $2 billion in December 2025. Since the start of June, Manus and its staff have been barred from accessing Meta’s internal data systems, and Meta employees can no longer use Manus tools for internal projects, according to Bloomberg. […]

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OpenAI says China-linked accounts used ChatGPT to fuel opposition to US data centres

OpenAI said a cluster of ChatGPT accounts linked to China attempted to stir up local opposition to US data centres by posing as Americans and posting AI-generated content about rising electricity costs. The company nicknamed the campaign “Data Center Bandwagon” and said the accounts were likely tied to a private Chinese technology firm working for […]

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A Chinese state-linked botnet has grown to 1,500 hacked routers and is mapping vulnerable targets within hours of disclosure

A covert botnet linked to Chinese state-sponsored hackers has more than doubled in size and is now scanning for newly disclosed vulnerabilities within hours of publication. The JDY botnet comprises over 1,500 compromised small office and home office routers, firewalls, and IoT devices, according to new research from Lumen’s Black Lotus Labs. Most of the […]

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Microsoft cuts hundreds of Azure jobs in China as the borderless cloud splinters

The cloud was supposed to make geography irrelevant. Microsoft’s latest round of job cuts in China shows how quickly that promise is coming apart. Microsoft is laying off hundreds of staff at its Azure cloud unit in China, according to affected employees who spoke to the South China Morning Post. Two sources put the number […]

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China is drafting a $295bn plan to build AI data centres, and to lock Nvidia out of them

China wants to win the AI race on its own hardware. A new plan shows just how much it is willing to spend, and how far it will go to cut American chips out of the picture. Beijing is drafting a blueprint to spend around 2 trillion yuan ($295bn) over the next five years building […]

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