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Business

Web Desk Karachi
Apr 15, 2025

Alibaba-backed Zhipu plans IPO as China’s AI startups race for market dominance

The six-year-old firm and CICC have begun to prepare for the debut and could formally apply to list by October, according to IPO documents filed with the country’s stock market watchdog.

Business

Reuters
Apr 09, 2025

In China, whispers of change as some companies tell staff to work less

A State Council action plan to boost consumer spending unveiled in March said workers’ rights to rest and vacation should be guaranteed and paid leave should be encouraged. State media have also run articles making those points.

Business

Web Desk Karachi
Mar 04, 2025

Tencent’s Yuanbao AI chatbot overtakes DeepSeek as China’s top iPhone app

Tencent’s application incorporates its proprietary Hunyuan artificial intelligence technology alongside DeepSeek’s R1 reasoning model, gaining traction in an era of heightened interest and rivalry within the AI sector in the country.