The Chinese AI pioneer DeepSeek has raised about 100 billion yuan ($15 billion) in its latest fundraising round, one of the country’s largest ever and a sign of the startup’s ambitions to compete globally with the likes of Anthropic PBC and OpenAI.

Bain Capital is exploring a potential investment in Hong Kong’s New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said.

Ant Group Co. barely grew quarterly profit after the company increased investment in artificial intelligence technology for its healthcare, large language model and payment services.

Hamilton Lane Inc., a private market investor that manages $1 trillion, is planning its first yuan-denominated fund to target discounted Chinese assets, according to people familiar with the matter.

Chinese authorities are discouraging firms from raising money offshore at higher yields, in the latest step to clamp down on risks among municipal borrowers shouldering more than $100 billion of overseas bond debt, people familiar with the matter said.

Xiaohongshu Technology Co., the Chinese creator of social platform RedNote, is preparing to confidentially file for an initial public offering in Hong Kong by the end of this month, according to people familiar with the matter.

Ant Group Co. is testing an overhaul to its Alipay super app that would introduce an AI agent interface, a major escalation in its battle for users with archrival WeChat.

Ant Group Co.’s international business is considering raising about $1 billion to accelerate growth, according to people familiar with the situation.

DeepSeek is close to finalizing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent Holdings Ltd. and its own founder in one of China’s largest startup financings, a milestone for a domestic AI industry seeking capital to take on marquee US names like OpenAI.

China’s capital controls remain among the world’s strictest. Individuals are generally limited to transferring $50,000 overseas each year, while emigrants are given a one-time opportunity to move their assets abroad.

It started with a tax bill.

China has launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against popular brokers and ordering non-compliant accounts to be liquidated within two years.

DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.

DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.

The co-founders of Manus are exploring options to fulfill Beijing’s demand to unwind a controversial takeover by Meta Platforms Inc., including raising about $1 billion from external investors to buy back the Chinese-founded AI operation.

The co-founders of Manus are exploring options to fulfill Beijing’s demand to unwind a controversial takeover by Meta Platforms Inc., including raising about $1 billion from external investors to buy back the Chinese-founded AI operation.

Citadel Securities LLC hired more than 60 people across six markets in Asia this year, with nearly half in Hong Kong, as Ken Griffin bolsters the market maker’s footprint in the region.

IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut.