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Asian shares were mixed and oil prices surged over 2% following US strikes on Iran after Tehran claimed to have attacked three ships in the Strait of Hormuz. Shares in Greater China rose while other Asian markets fell, with tech stocks in China leading a rally as investors focused on domestic AI development.

DeepSeek is developing its own AI chip to reduce reliance on Nvidia and Huawei, aiming to reshape China’s semiconductor industry. This move aligns with Chinese tech companies’ efforts to design in-house AI chips amid US export controls eroding Nvidia’s market share and Huawei’s growing dominance.

Kuaishou's artificial intelligence video arm, Kling AI, is seeking to raise around $3 billion in its first external fundraising round, as filed with Hong Kong Exchanges and Clearing. The funding round includes investors from Chinese technology companies, state-backed investment vehicles, and the entertainment industry, as first reported by the South China Morning Post.

Baidu’s CFO, Henry He, discussed the company's transformation into a full-stack AI player during a Bloomberg Invest summit in Hong Kong. Global investors expressed optimism about the private credit market despite previous concerns.

Baidu’s CFO discussed building a full AI stack in a podcast titled 'Odd Lots'. The article references Baidu Inc and the podcast format.

Baidu's Hong Kong-listed shares rose over 6% as its AI chip unit Kunlunxin aims for a $50 billion initial public offering in the city. The share price increase follows reports about the potential IPO.

China sanctioned 10 U.S. defense companies, blocking exports of dual-use items in response to the U.S. Pentagon's list of Chinese military-linked companies. The move also includes a ban on government purchases from 46 U.S. firms by China's Finance Ministry.

China’s AI industry has evolved since DeepSeek’s affordable frontier model caused a brief drop in US tech stocks. Chinese companies, including Baidu, are now pursuing full-stack AI solutions with their own chips, models, and cloud infrastructure, while gaining access to some Nvidia H200 chips. Grace Shao, an independent AI researcher and author, discusses these developments in the podcast.

China imposed export restrictions on 10 U.S. military-related companies and prohibited government purchases from 46 others in response to U.S. sanctions against Chinese tech firms. The U.S. Defense Department had added companies like Alibaba and Baidu to a list of entities allegedly linked to the Chinese military, prompting China's retaliatory measures.

China sanctioned 10 U.S. military-related companies, restricting exports of dual-use items in response to U.S. sanctions on Chinese tech firms. The move follows the U.S. Defense Department adding Chinese companies like Alibaba and Baidu to a military-linked list, which China claims violates a consensus reached between Xi Jinping and Donald Trump.

China sanctioned 10 U.S. defense companies, restricting exports of dual-use items in response to U.S. sanctions against Chinese tech firms. The move follows the U.S. Defense Department adding Alibaba, Baidu, and others to a list of companies alleged to have military ties.

China imposed export restrictions on 10 U.S. military-related companies in response to U.S. sanctions against Chinese tech firms, blocking dual-use goods. The U.S. Defense Department had added companies like Alibaba and Baidu to a list of firms with alleged Chinese military ties, prompting China to retaliate with bans on American defense contractors and suppliers.

Democrats have received $2.6 million in campaign contributions from senior employees at Alibaba, Baidu, and BYD, firms designated by the Pentagon as 'Chinese military companies.' Recipients include political figures like Adam Schiff, Nancy Pelosi, and Joe Biden, as well as the Democratic National Committee.

Democrats, including high-profile political figures, received approximately $2.6 million in campaign contributions from employees at Alibaba, Baidu, and BYD, firms recently labeled 'Chinese military companies' by the Pentagon. Contributions from these employees, including executives and lobbyists, primarily benefited Democratic committees and individuals between 2020 and 2024.

At least 14 new smart vehicles are debuting at Hong Kong's International Automobile and Supply Chain Expo, with Chinese carmakers using the city to test global strategies and showcase technology. Companies like Geely Auto, GAC Group, and Baidu are participating, highlighting Hong Kong's role as a proving ground for international expansion.

China opposes the U.S. decision to add Chinese companies like BYD, Alibaba, and Baidu to a military-linked list, claiming the move violates the consensus from a Trump-Xi summit. The Pentagon action is criticized as undermining bilateral economic ties and unfairly targeting Chinese enterprises.

China opposes the U.S. decision to add prominent Chinese companies like BYD, Alibaba, and Baidu to its military company list, citing disregard for the consensus reached during the Trump-Xi summit. The U.S. action is criticized as undermining bilateral economic ties and unfairly targeting Chinese enterprises.

China opposes the U.S. decision to add prominent Chinese companies like BYD, Alibaba, and Baidu to its military entity list, arguing it undermines bilateral agreements from the Trump-Xi summit. The U.S. action is criticized as an overreach targeting economic and security interests, with affected firms denying the basis for their inclusion.

China opposes the U.S. addition of Chinese firms like BYD, Alibaba, and Baidu to a military company list, arguing it disregards the consensus from a Trump-Xi summit. The U.S. action aims to block these companies from defense contracts, citing military ties.

China opposes the U.S. addition of Chinese companies like BYD, Alibaba, and Baidu to a military-linked list, arguing it undermines the consensus from the Trump-Xi summit. The U.S. action is criticized for harming bilateral economic relations and unjustly suppressing Chinese enterprises.

China opposes the U.S. decision to list BYD, Alibaba, and Baidu as military-linked companies, citing disregard for the consensus reached during President Trump's summit with Xi Jinping. The Chinese Ministry of Commerce accused the U.S. of undermining bilateral economic ties and abusing national security claims.

The Pentagon has added Alibaba, BYD, and Baidu to a list of Chinese companies barred from U.S. defense contracts, citing their ties to the Chinese military. The Defense Department updated its list to include non-state-owned companies operating in America.

David Sinclair plans to test whole-body rejuvenation drugs in a $101 million XPrize competition aiming to reverse aging through human trials. The article also covers AI developments, including OpenAI's confidential IPO filing and U.S.-China tech tensions involving companies like BYD and Baidu.

The Pentagon has added Alibaba, BYD, and Baidu to its Chinese military companies blacklist, expanding the 1260H list to 188 entities. The update prohibits Pentagon contracts with these companies starting later this month.

The Pentagon has added Alibaba and Baidu to a list of companies linked to the Chinese military, according to an update from the Defense Department.

The US added Alibaba, Baidu, and BYD to a Pentagon list of companies aiding China’s military, a move that could inflame US-China tensions. The update follows a 2025 list and occurs near Trump’s meeting with Xi Jinping.

The Pentagon added Alibaba, Baidu, BYD, WuXi AppTec, Unitree, and Nio to a blacklist of Chinese companies with military ties. Some Chinese companies no longer operating in the U.S. were removed in an annual update.

The Pentagon added Alibaba, Baidu, BYD, WuXi AppTec, Unitree, and Nio to a blacklist of Chinese companies with military ties, expanding US-China competition. Some Chinese companies no longer operating in the US were removed from the 1260H list. Alibaba owns the South China Morning Post.

China condemned the US decision to blacklist major Chinese companies including Alibaba and Baidu, calling it 'unreasonable suppression.' Beijing urged Washington to reverse the move, which it claims is based on false accusations of military aid.

The US has accused Alibaba, Baidu, and BYD of aiding the Chinese military. The allegations were reported in The China Show.

Alibaba Group Holding and pharmaceutical contractor WuXi AppTec fell in Hong Kong after the US placed them on a blacklist over alleged military links. Alibaba's stock dropped 0.3% to HK$118.50 and WuXi AppTec fell 5.5% to HK$114.60. Other listed firms like Nio and Baidu rose despite the US action.

The US has listed Chinese companies BYD, Alibaba, and Baidu as 'Chinese military companies'. The Chinese embassy in Washington, DC, has condemned the designation as discriminatory.

The Pentagon added Alibaba and Baidu to a list of China military-linked firms, expanding a list previously posted in February and later withdrawn before Trump's China trip. This action is described as a fresh blow to diplomatic relations.

The Pentagon added Alibaba, BYD, and Baidu to a list of Chinese military-linked companies, restricting their access to U.S. defense contracts. The Chinese Embassy criticized the move as discriminatory, while the Pentagon cited ties to China's defense industrial base through affiliations with the Ministry of Industry and Information Technology.

The Pentagon added several major Chinese technology firms, including Alibaba and Baidu, to a blacklist accusing them of supporting Beijing's military. The 1260H list complicates these companies' ability to work with the US government and carries reputational risks, though it does not automatically impose sanctions. The move reflects internal disagreements within the Trump administration over its China policy, as a prior version of the list was briefly unpublished.

The Pentagon has added Chinese tech giant Alibaba, electric car maker BYD, and search engine Baidu to a list of companies deemed to aid the Chinese military, citing their affiliations with the Ministry of Industry and Information Technology. The Chinese Embassy criticized the move as discriminatory, while the updated list now includes 188 entities, reflecting concerns over Beijing's use of non-state businesses for military purposes.

The Pentagon added Alibaba, BYD, Baidu, and Unitree to its list of Chinese military-linked companies, citing their contributions to China's defense industrial base through affiliations with the Ministry of Industry and Information Technology. The Chinese Embassy criticized the move as discriminatory, accusing the U.S. of overstepping on national security grounds.

The Pentagon added Alibaba, BYD, and Baidu to its list of Chinese military-linked companies, restricting their U.S. defense contracts. The move reflects concerns over non-state Chinese businesses aiding China's defense industrial base through affiliations with the Ministry of Industry and Information Technology.

The Pentagon has restored Alibaba, Baidu, and BYD to a Chinese military blacklist, citing them as US national security risks after their removal from the list in February.

The Pentagon alleges that Alibaba, Baidu, BYD, and Unitree support China’s military. The Trump administration previously released and then retracted an updated list of such companies without explanation.