Alibaba Qwen3.7-Max climbs to No. 2 in global AI coding rankings
Qwen3.7-Max ranked among the top four models overall, breaking what had been a prolonged dominance by Claude-Opus-4.7 and Claude-Opus-4.6.
Year: 2026
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Robotics ‘world model’ developer Five Ages raises Series A funding
Investor interest in world-model-based embodied AI has accelerated in recent months as startups pursue alternatives to data-intensive robotics training approaches.
ADAS supplier Freetech makes fourth attempt at Hong Kong IPO
Repeated filings have highlighted challenges such as Hong Kong’s six-month IPO validity rule, the company’s persistent losses and low margins, and regulatory concerns over its heavy reliance on Geely.
Tao Motor seeks HK listing as golf cart maker expands overseas
In 2015, at age 31, Cao Matao launched Tao Motor with 28.5 million yuan ($4.2 million) in startup capital from his grandfather, focusing on electric golf carts and scooters.
Alipay says AI agent payments hit 300 million transactions
The company announced the milestone on May 26 at its AI payment ecosystem conference, describing the platform as the world’s first large-scale commercial AI-native payment infrastructure.
Hangzhou honors 106 ‘New Eagle’ startups in bet on frontier tech
Selected companies span sectors including general AI, brain-inspired computing, synthetic biology, low-altitude aviation and frontier chip technologies.
Hikvision launches AI traffic detection system to cut highway false alarms
The system combines computer vision and language-based reasoning to detect traffic incidents including debris, illegally parked vehicles and pedestrians entering highways.
State Grid orders push robotics firm from warehouses into humanoids
The latest order signals a clearer pivot: after consolidating its position in AMRs, Guozi is accelerating its push into humanoid robotics, a field still in early commercial development.
Alibaba Cloud redesigns platform around AI agents in overseas push
The company framed the shift as part of a broader industry transition from model training to inference-driven applications.
Zhejiang hospital’s ‘bone glue’ wins US, China fast-track designations
Fracture treatment for complex breaks has relied for more than a century on metal fixation devices such as plates and screws.