Tencent to plow $70 billion into cloud, AI over 5 years

By Wei Sheng

Chinese internet giant Tencent announced Tuesday it will invest RMB 500 billion (around $69.9 billion) into cloud computing and other technologies over the next five years.

Why it matters: While the Shenzhen-based company said the investment pl…

US adds dozens of Chinese firms to trade blacklist

By Chris Udemans

In its latest rebuke against China, the United States said on Friday that it will add nearly three dozen Chinese companies and institutions to a trade blacklist over their alleged involvement in human rights abuses or their ties to the country’s milita…

AI firm Sensetime mulls $1 billion fundraise

By Chris Udemans

Sensetime, one of China’s highest-profile artificial intelligence startups, is looking to raise $1 billion after seeing wider adoption of the company’s technology during the coronavirus pandemic.

Why it matters: Fresh funding for Sensetime could si…