President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.

BEIJING (Reuters) -Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.

Shenzhen, known as the “Capital of Technology” and the “City of the Future”, stands as a global innovation powerhouse driving the future of tech. Home to world-renowned tech giants such as Tencent, Huawei,

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.

Chinese President Xi Jinping is set to chair a rare symposium next week to boost confidence in the private sector. Business leaders, including Alibaba co-founder Jack Ma, Tencent CEO Pony Ma, and Xiaomis Lei Jun,

Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.

BEIJING (Reuters) -- Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.

DeepSeek's rise came as a timely confidence boost as the Chinese leadership faces a prolonged economic gloom and a brewing trade war with U.S.

Ma Huateng founded Tencent with friends in 1998. Following Tencent's latest rally, Ma has reclaimed his position as China's richest man. However, his wealth still

Chinese technology giant Tencent on Feb 17 said it had started trialling its own artificial intelligence reasoning model after integrating DeepSeek into some of its products, saying the move would make responses "more 'human'".

Tencent has started testing the integration of DeepSeek AI into Weixin, China’s most popular super app, with artificial intelligence.

A notable feature of the high-level symposium in Beijing was the wide participation of China's top high-tech companies, especially in the internet sector. Representatives from Alibaba Group, Tencent, QAX Group, Huawei, Meituan and iFlytek were present. Most of them are also members of the World Internet Conference (WIC).