Ping An

Hefei-based Xingming AI has raised several hundred million yuan upon completing A+ financing round, according to its announcement released on Monday. The fundraising effort was led by Kaiyuan Industrial,

Chinese artificial intelligence startup Zhipu AI unveiled a free AI agent on Monday, joining a wave of similar launches in China's increasingly competitive AI market.

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.

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.

As AI advances, Qi highlighted the growing security challenges with large models. To tackle these issues, he suggested improving security through technology, policies and more applications to ensure its health growth.

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

More than 30 Chinese server manufacturers currently produce these boxes with embedded DeepSeek AI models, according to the CICC report. These include China's largest server maker Inspur, second-ranked H3C Technologies, Huawei and Lenovo, the world's top personal computer vendor.

"DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally, which contributes Chinese wisdom to the world. Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China's technological development" -Lou Qinjian, Spokesperson for China's parliament.