Chinese Internet Giant

Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...

China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3 percent stake worth $628 million (roughly Rs. 5,195 crore) in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder.

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island's increasingly tense relations with China.

Chinese tech giant Alibaba said Tuesday it will replace chairman and CEO Daniel Zhang with Joseph Tsai as chairman and Eddie Wu as CEO. Both appointments will take effect on September 10.

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

Chinese search engine giant Baidu's CEO Robin Li said on Friday that the company will "very soon" officially launch Ernie 3.5, a generative AI large-language model. Li made the announcement at the Zhongguancun Forum, one of China's most well-known technology forums, around two months after Ernie Bot was first shown to the public to mixed reviews.

Chinese search engine giant Baidu has filed lawsuits against "relevant" app developers and Apple over fake copies of its Ernie bot app available on Apple's App Store. The company's artificial intelligence powered Ernie bot, launched last month, has been touted as China's closest answer to the US-developed chatbot ChatGPT.

Google's Bard, Microsoft's Bing (powered by ChatGPT), and Baidu are all racing towards offering users access to AI powered results. Instead of using words provided by users to search for results, these services will attempt to “understand” complex questions and then answer those queries themselves. Here's how Big Tech's AI race will transform ...

Xiaomi has announced that its smart home product, the Xiaomi TV Stick 4K, will be available in India starting February 14. The product was first released by the Chinese tech giant in December 2021. The device runs Android TV 11 and has Dolby Vision support for better video playback. Xiaomi's Patchwall, which the company already uses in its smart TV...

Chinese internet giant Baidu said that its own ChatGPT-style AI chatbot, dubbed “Ernie Bot,” will complete internal testing in time for launch in March. The latest development comes as the race for global artificial intelligence supremacy heats up, with Google announcing its own AI project, Bard.

Baidu, the Chinese Internet giant, is planning to launch an artificial intelligence chatbot tool similar to OpenAI's ChatGPT in March. ChatGPT's tech works by learning from vast amounts of data how to answer any prompt by a user in a human-like way, offering the information like a search engine would or prose like an aspiring novelist.

Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.

Chinese tech giant Huawei’s revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business under the US sanctions, according to figures released Thursday. However, the revenue in the first nine months of 2022 declined 2.2 percent from a year earlier to CNY 445.8 billion (nearly Rs. 5,07,400 crore),...

Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.

Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...

China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3 percent stake worth $628 million (roughly Rs. 5,195 crore) in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder.

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island's increasingly tense relations with China.

Chinese tech giant Alibaba said Tuesday it will replace chairman and CEO Daniel Zhang with Joseph Tsai as chairman and Eddie Wu as CEO. Both appointments will take effect on September 10.

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

Chinese search engine giant Baidu's CEO Robin Li said on Friday that the company will "very soon" officially launch Ernie 3.5, a generative AI large-language model. Li made the announcement at the Zhongguancun Forum, one of China's most well-known technology forums, around two months after Ernie Bot was first shown to the public to mixed reviews.

Chinese search engine giant Baidu has filed lawsuits against "relevant" app developers and Apple over fake copies of its Ernie bot app available on Apple's App Store. The company's artificial intelligence powered Ernie bot, launched last month, has been touted as China's closest answer to the US-developed chatbot ChatGPT.

Google's Bard, Microsoft's Bing (powered by ChatGPT), and Baidu are all racing towards offering users access to AI powered results. Instead of using words provided by users to search for results, these services will attempt to “understand” complex questions and then answer those queries themselves. Here's how Big Tech's AI race will transform ...

Xiaomi has announced that its smart home product, the Xiaomi TV Stick 4K, will be available in India starting February 14. The product was first released by the Chinese tech giant in December 2021. The device runs Android TV 11 and has Dolby Vision support for better video playback. Xiaomi's Patchwall, which the company already uses in its smart TV...

Chinese internet giant Baidu said that its own ChatGPT-style AI chatbot, dubbed “Ernie Bot,” will complete internal testing in time for launch in March. The latest development comes as the race for global artificial intelligence supremacy heats up, with Google announcing its own AI project, Bard.

Baidu, the Chinese Internet giant, is planning to launch an artificial intelligence chatbot tool similar to OpenAI's ChatGPT in March. ChatGPT's tech works by learning from vast amounts of data how to answer any prompt by a user in a human-like way, offering the information like a search engine would or prose like an aspiring novelist.

Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.

Chinese tech giant Huawei’s revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business under the US sanctions, according to figures released Thursday. However, the revenue in the first nine months of 2022 declined 2.2 percent from a year earlier to CNY 445.8 billion (nearly Rs. 5,07,400 crore),...

Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.