China Everbright

The country poured billions into AI infrastructure, but the data center gold rush is unraveling as speculative investments collide with weak demand and DeepSeek shifts AI trends.

A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies.

Amid a surge in AI adoption in China, the company is budgeting a 28 per cent increase in capital expenses for computing power this year.

The People's Bank of China (PBC), the central bank, held a meeting to reinforce its technological work in 2025, vowing to promote the applications of artificial intelligence (AI) large language models and related technologies in the financial sector to accelerate the process of financial digitalization.

The recent AI model developed by DeepSeek has taken the world by surprise and triggered a rally in Chinese tech stocks. As of March 12th, Wind

On March 12, the South China Morning Post cited expert analysis stating that China, with its forward-looking strategic vision, has invested billions of

Chinese cloud computing companies have ramped up efforts to expand their footprint in overseas cloud service markets, as an increasing number of businesses are leveraging the cutting-edge artificial intelligence technologies to bolster digital transformation and upgrades.

The surprise retreat highlights NetEase's lack of a competitive edge against rivals like Alibaba and ByteDance, analysts say.