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China Business
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China economy
Artificial intelligence
SenseTime pushes open-source AI model to provide a ‘smart brain’ for every robot
The Chinese AI pioneer also releases first robot dog under new venture Ace Robotics.
5 hours ago
Robotics
CATL marks trailblazing deployment of humanoid robots at scale in China plant
5 hours ago
Artificial intelligence
ByteDance AI model usage grows over tenfold on strong demand from Chinese firms
6 hours ago
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
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.
18 Dec 2025 - 4:00PM
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
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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
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.
18 Dec 2025 - 7:30AM
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
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.
17 Dec 2025 - 8:51PM
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
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.
17 Dec 2025 - 7:30AM
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.
16 Dec 2025 - 7:45PM
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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.
16 Dec 2025 - 7:01PM
Biren Technology is expected to raise about US$300 million from its Hong Kong listing, according to Chinese media reports. Photo: Handout
IPO
MetaX set for Shanghai debut amid frenzy over AI chip stocks, Nvidia uncertainty
The Shanghai-based graphics processing unit designer plans to raise US$596 million from the sale of 40.1 million shares.
16 Dec 2025 - 6:00PM
Made in China 2025
Chinese biotech Scizeng’s global licensing deal to yield up to US$1.44 billion
Yarrow Bioscience gets exclusive global rights for the GenSci098 therapy to treat thyroid eye disease and Graves’ disease.
16 Dec 2025 - 3:47PM
Hong Kong stock market
Hong Kong stocks slump to 3-week low as China growth jitters dampen sentiment
Caution prevails as investors weigh China’s growth prospects after key economic data showed a deceleration across the board.
16 Dec 2025 - 4:57PM
Electric & new energy vehicles
Beijing approves first L3 autonomous cars in leap towards ‘hands-off’ driving
The cars, both pure EVs, can only navigate urban streets and highways in designated areas, according to the ministry.
16 Dec 2025 - 1:13PM
The Baidu-BAIC Arcfox robotaxi is seen on the road. Photo: Shutterstock Images
Ant Group
China fintech giant Ant upgrades AI health app to tap eldercare, wellness demand
App AQ integrates Apple and Huawei devices, adds family health profiles and smart reminders to boost user engagement.
16 Dec 2025 - 8:00AM
Artificial intelligence
Chinese expert calls for world models and safety standards for embodied AI
Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.
15 Dec 2025 - 8:00PM
Mainland China
China-led Asia-Pacific lifts global aviation outlook as profits set to soar
Passenger demand from China and India, eased visa rules and freight resilience drive growth as IATA forecasts record airline profits in 2026.
15 Dec 2025 - 8:05PM
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