Shangqi Capital

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,

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 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

Qi enhances its customer service with Genesys' Generative AI and Cloud technology, achieving an 80% reduction in response time and 60% telecom cost savings.

Alibaba's foray into AI is part of a larger strategy for massive investments in AI and cloud computing infrastructure. Alibaba has invested a whopping $53 billion in three years to build its prowess in these areas as a step to leverage the industry-wide disruption potential of AI.

"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.

London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and