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China economy
ByteDance said its total bonus pool would increase by 35 per cent from a year earlier, while spending on compensation adjustments would rise 1.5 times. Photo: Shutterstock
ByteDance

ByteDance raises pay, boosts bonuses to retain staff amid AI talent war

The TikTok owner has announced higher bonuses, wider pay bands and faster equity payouts as it seeks to stay competitive in the global talent race.

United States

Are Chinese biotechs what the doctor ordered as Big Pharma faces ‘patent cliff’?

Artificial intelligence

China’s Sugon launches AI infrastructure to rival platforms from Nvidia, Huawei

Semiconductors

China eyes mastery of EUV lithography, bolstering AI chip ambitions: analysts

‘As the semiconductor dream has become a national security issue, I would not underestimate China’s ambition,’ Natixis analyst Gary Ng says.

Chinese scientists at a high-security Shenzhen laboratory earlier this year built a prototype extreme ultraviolet lithography machine. Photo: Shutterstock
Chinese scientists at a high-security Shenzhen laboratory earlier this year built a prototype extreme ultraviolet lithography machine. Photo: Shutterstock
China property

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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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.

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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.

Cainiao will launch new or expand instant commerce warehouses for Tmall Supermarket. Photo: Shutterstock
Cainiao will launch new or expand instant commerce warehouses for Tmall Supermarket. Photo: Shutterstock
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.

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.

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.

General view of the Exchange Square in Central. Photo: Jelly Tse
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.

China is gaining a solid reputation as a pharmaceutical innovation hub, according to global consultancy Idea Pharma. Photo: AP
China is gaining a solid reputation as a pharmaceutical innovation hub, according to global consultancy Idea Pharma. Photo: AP
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.

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.

Built by start-up Spirit AI, the Xiaomo humanoid robot works on the assembly line of electric vehicle battery giant Contemporary Amperex Technology. Photo: CATL
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.
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.

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.

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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.

BYD says it has completed more than 150,000 kilometres of real-world L3 testing. Photo: Xinhua
BYD says it has completed more than 150,000 kilometres of real-world L3 testing. Photo: Xinhua
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.

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.

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.

Tencent Holdings’ latest restructuring underscored the intense competition in the country’s fast-developing AI sector. Photo: Shutterstock
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.

Xiaomi will hike the prices of its Redmi Pad 2 and Xiaomi Pad 8 series. Photo: Shutterstock
Xiaomi will hike the prices of its Redmi Pad 2 and Xiaomi Pad 8 series. Photo: Shutterstock
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.

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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In the first three quarters of this year, Vanke posted a net loss of 28.02 billion yuan. Photo: Reuters
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