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Chinese tech firms, including Ant Group and Alibaba, are advancing humanoid robotics with new models and investments. Ant Lingbo Technology showcased its R1 robot at a major conference, while Alibaba-backed X Square Robot secured significant funding. Tesla also hints at its humanoid ambitions in China, signaling a competitive global race.
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China's industrial robot installations reached a record 295,000 in 2024, driven by government investment and domestic firms surpassing foreign suppliers. The surge supports manufacturing amid population decline, with humanoid robots emerging as the next phase. Experts highlight China's strategic push in automation to maintain economic competitiveness.
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Recent developments in Chinese AI highlight efforts to improve model efficiency, safety, and robustness. Companies like DeepSeek, Anthropic, and Ant Group are releasing new models and techniques to address long-standing challenges such as computational costs, data poisoning, and evaluation transparency, shaping the future of enterprise AI.
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Huawei launches HarmonyOS 6 with new AI agents and a short-range wireless transfer feature. Apple promotes AI development in China, with the launch of the iPhone Air supporting eSIM, amid ongoing regulatory and geopolitical negotiations. Both companies deepen ties with Chinese authorities and consumers.
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Mandarin Oriental's shareholders will receive $3.35 per share in a $4.2 billion deal, while Alibaba and Ant Group are set to buy the top floors of One Causeway Bay for HK$2.2 billion. Meanwhile, US bank JPMorgan Chase plans to consolidate offices in West Kowloon, reflecting a busy period for Hong Kong's commercial real estate and corporate landscape.