The tech giant’s shares are up more than 70% so far this year after jumping nearly 90% over the past 12 months

Experts say that while it may be a 'hard pill for them to swallow', Chinese leaders are shifting their approach to the domestic tech industry

Rumours of TSMC potential tie-up with Intel sparked concern in Taiwan about losing its 'silicon shield' while White House said it was 'unlikely' to hand over American chip facilities to foreigners

The tightly choreographed pro-business meet marked a turnaround in Beijing's approach to the tech industry in the face of a slowdown in growth, deflationary concerns and a bitter rivalry with the US

Up until the launch of DeepSeek last month, Ernie Bot was widely seen as the closest Chinese rival to ChatGPT

Apple chose Alibaba partly due to the e-commerce giant’s vast troves of personal data on users' shopping and payment habits, which could help train AI models

Experts say China's 'breakthrough' AI app collects excessive amounts of user information, and stores it using outdated security protocols in servers accessible to Beijing

Chinese market analysts believe DeepSeek's launch is a 'watershed' moment that shows Beijing can hold its ground amid an intense tech war with rival US

Huawei to make DeepSeek model available on Ascend, while Alibaba, Baidu and Tencent's cloud arms also say they've made its models accessible via their services

Social media accounts run by Chinese state media, plus embassies highlighted DeepSeek's 'breakthrough' prior to the stock crash on Monday and push Beijing's narrative on surpassing the US in critical areas of competition, report says

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit claimed on Wednesday

US executives say limiting the 'distillation' process from open-source models, in which one AI system learns from another, may be difficult to stop