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South China Morning Post
09-07-2025
- Business
- South China Morning Post
Chinese AI stocks to extend DeepSeek-driven run as Beijing counts on growth boost
Chinese artificial intelligence (AI) stocks are expected to defy a slowdown across industries, as the mainland relies on the technology to boost business efficiency and revive economic growth, according to investors and analysts. Advertisement Companies including Meituan and Xiaomi were set to benefit from a wave of AI integration that would transform business models, according to Morgan Stanley, as investors look for new winners after DeepSeek's breakthrough in generative AI technology. China Asset Management, one of the mainland's biggest mutual-fund firms, said last month that the country's AI adoption – estimated at 5 per cent penetration at present – was on the cusp of explosive growth, similar to personal computers in the 1980s. 'AI will probably become a key driver for China's modernisation,' said Yao Pei, an analyst at Huachuang Securities, in a report this month. 'There are lots of catalysts for AI, and AI is expected to penetrate into every industry,' notably electronics, computing and media, Yao said. DeepSeek's surprising ascent earlier this year put China's technology stocks back into the spotlight, spurring optimism that the country would be able to lead the world in AI in spite of US export curbs. Investors are identifying new prospects in the industry after making bets on platform-based developers of large language models such as Alibaba Group Holding and Tencent Holdings . Alibaba owns the Post. Advertisement Unlike the US, which had an edge in AI computing, China was focused on efficiency – emphasising revenue generated by AI-enabled offerings and cost savings achieved through high productivity, the US investment bank said.
South China Morning Post
27-05-2025
- Business
- South China Morning Post
Alibaba touts rapid growth in fast-delivery service in heated race with Meituan, JD.com
Chinese e-commerce giants Alibaba Group Holding Meituan and are intensifying their costly rivalry in the on-demand fast-delivery sector, with each touting significant gains in user base and order volume. Alibaba, owner of the South China Morning Post, saw combined daily orders on its freshly launched Taobao Instant Commerce initiative and food delivery service surpass 40 million within a month, according to data released by the company on Monday. The new service, which has products delivered by aims to fulfil online orders of food and consumer items in less than an hour. It reached 10 million daily orders within its first week of launch on April 30, the company previously said. Before the recent surge in rivalry, China's food delivery market was primarily dominated by Meituan and with Beijing-based Meituan holding a larger share. But after joined the fray earlier this year, the market – consisting of about 553 million users – had shifted into a 'competition of ecosystems', according to a recent report from Chinese research firm MCR. A Meituan delivery worker seen at a Starbucks store in Beijing. Photo: Reuters Alibaba is leveraging its extensive resources in online shopping, delivery and algorithms to maintain its dominant position in China's e-commerce sector, as competition intensifies in the instant commerce segment. Taobao Instant Commerce, accessible via Alibaba's popular Taobao online shopping app, initially attracted users with subsidies on popular drinks, such as milk tea. However, sources familiar with the matter, who declined to be named, said drinks currently represented a small fraction of daily order volume, as demand was spread across a broader range of categories.
