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China Business
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China economy
Artificial intelligence
China’s Sugon launches AI infrastructure to rival platforms from Nvidia, Huawei
The Beijing-based supercomputer maker says its scaleX platform represents China’s first 10,000-card AI supercluster.
4 hours ago
Semiconductors
China eyes mastery of EUV lithography, bolstering AI chip ambitions: analysts
6 hours ago
China property
China Vanke’s managers have no plans to sell shares as firm fights for survival
19 Dec 2025 - 7:15PM
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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.
19 Dec 2025 - 6:43PM
BeOne’s manufacturing facility in Guangzhou. Photo: Handout
E-commerce
Alibaba ramps up China instant commerce push with Cainiao and Tmall tie-up
Partnership designed to expand warehouse network and boost Taobao Shangou’s rapid service as rivals Meituan and JD.com scale up facilities.
19 Dec 2025 - 6:15PM
Banking & finance
Chinese AI, chip start-ups court global investors with Hong Kong listing plans
GigaDevice and Montage are each aiming to raise as much as US$1 billion from Hong Kong listings as early as January, report says.
19 Dec 2025 - 4:30PM
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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.
19 Dec 2025 - 3:35PM
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.
19 Dec 2025 - 4:58PM
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.
19 Dec 2025 - 8:30AM
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.
19 Dec 2025 - 2:00PM
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.
19 Dec 2025 - 2:51PM
The first robot dog products unveiled on Thursday by Ace Robotics, a new venture of SenseTime. Photo: Handout
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.
18 Dec 2025 - 9:00PM
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.
18 Dec 2025 - 8:56PM
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.
18 Dec 2025 - 5:30PM
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.
19 Dec 2025 - 11:17AM
Insilico Medicine says its listing could raise up to HK$2.3 billion. Photo: Shutterstock
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.
18 Dec 2025 - 11:11AM
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.
18 Dec 2025 - 4:39PM
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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.
18 Dec 2025 - 7:30AM
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.
17 Dec 2025 - 10:00PM
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.
17 Dec 2025 - 8:00PM
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.
17 Dec 2025 - 7:44PM
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.
17 Dec 2025 - 8:51PM
Xiaomi’s open-source AI model, MiMo-V2-Flash, is available on the company’s developer site MiMo Studio, Hugging Face and the API Platform. Photo: Shutterstock
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.
17 Dec 2025 - 10:50PM
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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.
17 Dec 2025 - 4:39PM
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.
17 Dec 2025 - 4:45PM
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