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Apple starts testing China’s state-backed memory chips, and Washington is watching

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Apple has begun testing memory chips from China’s state-backed CXMT for devices sold in China, the Financial Times reports. That puts it behind a supplier Washington has flagged as a security risk. Apple has turned to Chinese memory chips for its own devices. It has begun testing DRAM from state-backed ChangXin Memory Technologies (CXMT), the […]

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China weighs curbing overseas access to its top AI models

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China’s open AI models have been a gift to developers everywhere. Now Beijing may pull them back in. Chinese officials have discussed limiting who outside the country can use the nation’s best AI models, Reuters reports. The Ministry of Commerce ran the meetings over the past month, and Alibaba, ByteDance, and the startup Z.ai took […]

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China’s Biren raises $892M to build GPUs that can take on Nvidia at home

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Nvidia can barely sell its best chips in China. A crop of local challengers is racing to fill the gap. One of them just raised nearly $900m to speed up. Shanghai Biren Technology is selling HK$7 billion (about $892.5m) of new shares to boost GPU production. That is according to the South China Morning Post. […]

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Judge grants Alibaba a reprieve from the lobbying ban tied to the Pentagon’s blacklist

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A federal judge has ordered the Pentagon to give Alibaba temporary relief from a law that stripped it of every lobbyist it had in Washington, Bloomberg reports. The reprieve stands while the court considers whether the measure is constitutional. The case is shaping up as a test of how far the US can go in curbing […]

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ByteDance and Alibaba kill custom AI companions as China’s new rules bite

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ByteDance’s Doubao and Alibaba’s Qwen, two of China’s biggest consumer AI apps, are disabling their customised agent features, the South China Morning Post reports. The move comes days before Beijing’s new rules on humanlike AI interaction services take effect on 15 July. Doubao told users on Friday that its agent feature would go offline on 15 […]

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Hong Kong now handles more than half of China’s chip imports

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Hong Kong has become the main artery for high-tech goods flowing in and out of China, and its chip trade has hit record levels. The city accounted for more than half of China’s $239bn in semiconductor imports in the first five months of 2026, according to a Bloomberg review of official data. That share stood at […]

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China is rewriting e-commerce law to tighten platform rules at home and shield its companies abroad

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China released draft amendments to its e-commerce law on Saturday, proposing 20 provisions that would expand the law’s reach beyond platforms and merchants to cover a wider range of participants in the digital economy. The proposal, jointly issued by the State Administration for Market Regulation and the Ministry of Commerce, is open for public consultation until 4 […]

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China wants cinemas to sell you karaoke and coffee, not just tickets

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China’s cinemas are being told to stop relying on tickets alone. New guidelines from the National Film Administration and the State Administration for Market Regulation encourage theatres to add AI concierge agents, karaoke booths and coffee shops to their lobbies, according to Bloomberg. The same guidance nudges operators toward movie-themed merchandise stores, licensed products, art exhibitions […]

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China approves Unitree’s Shanghai listing registration, valuing IPO at $619M

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China’s securities regulator has approved Unitree Robotics’ registration to list on Shanghai’s STAR Market, clearing the last formal hurdle before the humanoid robot maker can price and sell shares. The approval, confirmed by Reuters on Thursday, values the planned offering at roughly $619 million, or about 4.2 billion yuan, a figure that lines up closely […]

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Kling AI raises two billion dollars as Kuaishou spins off its fastest-growing business

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Kling AI, the video generation unit of Chinese tech company Kuaishou, has raised an initial two billion dollars in venture capital funding, the company said on Thursday. Further investors could still join the round, potentially pushing the total to roughly three billion dollars and diluting Kuaishou’s stake to about 68 percent, according to Kuaishou’s statement. […]

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