Tech, AI, economy, business, politics, and society from China — sourced from English and Chinese-language press, processed in English.

The 2026 World Artificial Intelligence Conference and Global AI Governance High-Level Meeting was held in Shanghai, China. The conference emphasized the importance of promoting global AI development and governance, and called for the establishment of a new international o…
Why it matters
The conference's emphasis on promoting global AI development and governance is significant for China's AI industry and its global influence. It also highlights the need for international cooperation and coordination in addressing the challenges and opportunities presented by AI.

TSMC's second-quarter revenue reached 12703.8 billion new Taiwan dollars, a 36% increase from the same period last year, setting a new high for the company. The company's tax-free profit was approximately 7065.6 billion new Taiwan dollars, with an earnings per share of 27.25 new Taiwan dollars, a 77.4% increase from the same period last year.

In a significant move for China's AI ambitions, Shanghai's State Grid subsidiary led a trial where 16 data centers, including Alibaba and China Telecom, coordinated with the power grid to adjust their energy consumption. This initiative aims to transform energy-intensive AI data centers into flexible assets that can scale operations based on grid stability and green energy availabilit…

A new AI-driven R&D factory in Shanghai has demonstrated its capability to independently conduct a full closed-loop scientific research process, from molecular generation and virtual screening to compound synthesis and testing. The system significantly accelerated research, achieving results in days that previously took months.

The Hong Kong Investment Corporation (HKIC) has reported a double-digit investment return, with a net internal rate of return of 14 per cent, as its 'patient capital' strategy bears fruit. The firm's robust performance reflects improving returns across its expanding portfolio of over 200 projects.
Updated as new stories ingest
A landslide in Pengshui, Chongqing, buried residential buildings and trapped people. China's Ministry of Finance and Ministry of Emergency Management have urgently allocated 50 million yuan for rescue and relief efforts.

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