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China economy
BeOne’s manufacturing facility in Guangzhou. Photo: Handout
China’s private sector

BeOne Medicines names R&D chief Wang Lai as co-president amid global expansion

BeOne generated global revenue of about US$3.8 billion last year, driven by its flagship products Brukinsa and Tevimbra.

E-commerce

Alibaba ramps up China instant commerce push with Cainiao and Tmall tie-up

Banking & finance

Chinese AI, chip start-ups court global investors with Hong Kong listing plans

Semiconductors

US launches review of Nvidia’s H200 chip sales to China: sources

The inter-agency licensing review involves the US departments of Commerce, State, Energy and Defence.

A high-performance server equipped with Nvidia’s H200 graphics processing units seen at an event in Barcelona, Spain, earlier this year. Photo: Shutterstock
A high-performance server equipped with Nvidia’s H200 graphics processing units seen at an event in Barcelona, Spain, earlier this year. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks cap longest win streak in 3 weeks as US inflation cools

Soft US inflation data strengthens the case for monetary easing as the Hang Seng Index gains for a third day.

Made in China 2025

China’s pharmaceutical industry transforms into a global innovation powerhouse

The China Pharmaceutical Innovation and Invention Index, a new gauge, highlights top drug makers on the mainland for the first time.

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Made in China 2025

Can rising lithium costs save China’s energy storage firms from a price war?

China’s battery makers raise prices amid lithium rebound and global AI energy demand.

Deegares says it is raising prices of lithium batteries by 15 per cent. Photo: Handout
Deegares says it is raising prices of lithium batteries by 15 per cent. Photo: Handout
Artificial intelligence

SenseTime pushes open-source AI model to provide a ‘smart brain’ for every robot

The Chinese AI pioneer also releases first robot dogs under new venture Ace Robotics.

Robotics

CATL marks trailblazing deployment of humanoid robots at scale in China plant

The initiative underscores the growing use of intelligent Chinese-made robots in the country’s manufacturing industry.

Artificial intelligence

ByteDance AI model usage grows over tenfold on strong demand from Chinese firms

‘AI is being adopted at an unprecedented speed,’ Tan Dai, president at cloud unit Volcano Engine, says.

CILACAP, INDONESIA - MARCH 29, 2025: ByteDance is a Chinese technology company, best known for creating the popular social media platform TikTok.
Mergers & Acquisitions

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

CICC will issue some 3.1 billion new A shares at 36.91 yuan to acquire all outstanding shares in Dongxing Securities and Cinda Securities to facilitate the merger. Photo: CFOTO/Future Publishing via Getty Images
CICC will issue some 3.1 billion new A shares at 36.91 yuan to acquire all outstanding shares in Dongxing Securities and Cinda Securities to facilitate the merger. Photo: CFOTO/Future Publishing via Getty Images
IPO

Holiday rush: Hong Kong IPO market sparkles with busiest December in years

From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.

Electric & new energy vehicles

BYD ups the ante on L3 autonomous cars, begins testing for mass production

BYD has pinned its hopes on preliminary self-driving technologies to bolster its sales in mainland China.

Hong Kong stock market

Hong Kong stocks tread water as tech giants stumble on AI bubble jitters

Hang Seng Tech Index slides after US equities slump, while investors await inflation report.

The Hang Seng Index falls 0.3 per cent in early trading on Thursday. Photo: Jelly Tse
Hong Kong stock market

Standard Chartered keeps overweight call on China stocks, flags recovery in 2026

Despite renewed ‘bubble’ talk around AI valuations after a November sell-off, Standard Chartered says the cycle is different this time.

Standard Chartered says Chinese equities are looking more compelling after a period of consolidation. Photo: Edmond So
Standard Chartered says Chinese equities are looking more compelling after a period of consolidation. Photo: Edmond So
Artificial intelligence

Tencent shakes up AI operations, names recent recruit as chief AI scientist

Vinces Yao Shunyu now serves as chief AI scientist under the CEO’s office, reporting directly to Tencent president Martin Lau.

Xiaomi

Memory crunch: China’s Xiaomi and Honor raise tablet prices as chip costs surge

Supplies of memory products for electronic devices squeezed by AI pivot of chipmakers, spurring companies to pass on costs to consumers.

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Electric & new energy vehicles

Xpeng CEO dismisses AI bubble fears, predicts more affordable robots soon

He Xiaoping’s recent trip to the US, where he met more than 30 professionals in the AI field, helped form his conclusions about the industry.

Xpeng CEO He Xiaopeng poses for a photograph at the Kai Tak Cruise Terminal in Hong Kong, April 14, 2025. Photo: Sun Yeung
Xpeng CEO He Xiaopeng poses for a photograph at the Kai Tak Cruise Terminal in Hong Kong, April 14, 2025. Photo: Sun Yeung
Artificial intelligence

Xiaomi launches open-source model to compete against DeepSeek, OpenAI systems

MiMo-V2-Flash ‘particularly excels in reasoning, coding and agentic scenarios’, Xiaomi says.

China property

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

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Hong Kong stock market

Hong Kong stocks rebound as investors reassess US rate-cut outlook

Hang Seng Index swings as odds of a US Federal Reserve rate cut in January now stand at nearly 26 per cent.

The Hong Kong Exchange Square building. Photo: Getty
MetaX

MetaX stock soars 700% in Shanghai debut as traders snap up Chinese GPU maker

MetaX closes at 829.90 yuan on Wednesday, from its IPO price of 104.66 yuan, after gaining as much as 755 per cent in intraday trading.

People learn about the AI computing power cabinet equipped with MetaX C600 general-purpose GPU chip at the 2025 World Artificial Intelligence Conference in Shanghai. Photo: Getty
People learn about the AI computing power cabinet equipped with MetaX C600 general-purpose GPU chip at the 2025 World Artificial Intelligence Conference in Shanghai. Photo: Getty
Made in China 2025

China’s new drug insurance: lifeline for patients or squeeze on big firms?

New insurance formulary trims costs of Alzheimer’s and cancer therapies and marks a small win for global novel drug makers.

Electric & new energy vehicles

Xpeng, Li Auto given approval to test ‘hands-off’ L3 cars amid slowing market

Deregulation to legalise L3 technology represents a leap forward in commercialising autonomous driving systems in China.

IPO

Biren Technology’s Hong Kong IPO gets go-ahead from Beijing

Shanghai-based Biren plans to float about 372 million shares on the Hong Kong stock exchange.

Biren Technology is expected to raise about US$300 million from its Hong Kong listing, according to Chinese media reports. Photo: Handout
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