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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.
2 hours ago
China’s private sector
BeOne Medicines names R&D chief Wang Lai as co-president amid global expansion
6 hours ago
E-commerce
Alibaba ramps up China instant commerce push with Cainiao and Tmall tie-up
6 hours ago
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
The MetaX booth at the World Artificial Intelligence Conference in Shanghai, July 26, 2025. Photo: CFOTO/Future Publishing via Getty Images
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
New World Development
Rosewood opens French ski resort after sources say hotel brand is not for sale
Luxury hotel group announces Courchevel resort’s opening, just days after sources said the prized brand was not for sale.
5 hours ago
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Biomedicine: Companies
China’s drug innovators bank on AI to hasten discovery to commercial success
A deal between Shenzhen-based XTalPi and US firm DoveTree shows Chinese biotech AI capabilities are gaining recognition.
19 Dec 2025 - 11:21AM
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Artificial intelligence assistant in a biotechnology experiment. Photo: Shutterstock Images
Banking & finance
Hong Kong’s Insilico sells cancer drug candidate in potential US$500 million deal
Stemline Therapeutics, a wholly-owned unit of Menarini Group, will make a US$12 million upfront payment to Insilico under the agreement, which will be followed by sales royalties worth up to ‘double digits’.
19 Dec 2025 - 11:19AM
Science
Drug development can take over a decade. AI helped make a medicine in 18 months
Evidence that AI tools can slash years off early-stage analysis will ‘revolutionise drug discovery’, researchers say.
19 Dec 2025 - 11:18AM
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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
China is gaining a solid reputation as a pharmaceutical innovation hub, according to global consultancy Idea Pharma. Photo: AP
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
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
HKEX
HKEX proposes slashing board lot variations to boost liquidity
The moves will remove the entry barrier for retail investors and prepare the city’s exchange for a single board lot unit structure.
18 Dec 2025 - 7:32PM
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.
19 Dec 2025 - 11:17AM
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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HKEX
HKEX amends float rules to strengthen Hong Kong’s status as global finance hub
The reforms are meant to boost liquidity and attract high-quality companies, reinforcing the overall competitiveness of the capital markets.
17 Dec 2025 - 9:15PM
Screens display index and stock prices outside Exchange Square in Central, Hong Kong. Photo: Sun Yeung
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
Hong Kong property
Kai Tak Stadium lifts Hong Kong’s status as major sports and entertainment venue
The 50,000-seat stadium drives repeat tourism, supports retailers and helps prop up retail property landlords, experts say.
18 Dec 2025 - 9:02AM
Artificial intelligence
OpenAI in talks to raise US$10 billion from Amazon and adopt Trainium chips
The deal is under discussion could value OpenAI upwards of US$500 billion, a source said.
17 Dec 2025 - 3:50PM
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
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