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Investors are happy as ByteDance can continue to reap earnings from TikTok in the US, according to a source. Photo: Reuters
TikTok

Exclusive | TikTok owner ByteDance’s valuation hits US$500 billion as US plan advances

Figure marks a record for China’s tech giant, which will divest its US entity into a joint venture that includes Oracle and Silver Lake.

Electric & new energy vehicles

China’s approval for L3 self-driving cars to stimulate slowing mainland market

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Made in China 2025

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

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.

The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
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.

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.

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Artificial intelligence

Why Nvidia chip is unlikely to derail ambitions of China’s Huawei, Moore Threads

China’s huge demand for AI computing power leaves room for growth for both US and domestic chips, analysts say.

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Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power. Photo: Shutterstock
Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power. Photo: Shutterstock
Artificial intelligence

Arm China, RabbitPre among mainland Chinese firms expanding in Hong Kong

Arm China is among the fifth batch of companies brought to Hong Kong by OASES, which has so far drawn more than 102 firms.

China stock market

Investors brace as Beijing’s policy huddle tests China’s stock rebound

With China’s stock rally fading, markets are pinning their hopes on the Central Economic Work Conference for signs of clearer policy support.

Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Hong Kong’s policies pose some difficulties and covering the cost of operating locally is difficult, founder and CEO Lin Han says.

Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
Blockchain

Chinese industry bodies issue RWA tokenisation warning amid Beijing’s crackdown

This was the mainland associations’ first warning to members as Chinese authorities have explicitly targeted RWA tokenisation.

RWA tokenisation is touted as a way to allow faster and cheaper financial transactions. Photo: Shutterstock
RWA tokenisation is touted as a way to allow faster and cheaper financial transactions. Photo: Shutterstock
Cryptocurrency

HashKey’s IPO seeks US$300 million under shadow of Beijing’s regulatory scrutiny

HashKey is likely to debut on the Hong Kong stock exchange within the next two to three months ‘if it receives adequate investor interest’.

Robotics

Tsinghua University sets up research institute in push for robotics talent

The Institute for Embodied Intelligence and Robotics will be led by Zhang Tao, director of the university’s automation department.

Robotics

Chinese schools offer ‘embodied intelligence’ courses to aid robotics industry

Shanghai Jiao Tong University and Zhejiang University are among seven schools that plan to offer ‘embodied intelligence’ as a new major.

Beijing Institute of Technology plans to recruit 120 students for the first batch of the embodied intelligence course. Photo: Shutterstock
Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

Traffic crawls on an elevated highway as buildings are reflected on a glass surface in Beijing’s central business district on November 12, 2025. Photo: Reuters
Traffic crawls on an elevated highway as buildings are reflected on a glass surface in Beijing’s central business district on November 12, 2025. Photo: Reuters
Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Romoss

China’s proposed new regulations on power banks worry producers and consumers

The proposed rules will significantly raise the bar for ‘safe’ power banks, potentially banning them from plane cabins.

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Artificial intelligence

DeepSeek, Alibaba researchers endorse China’s AI regulatory framework

China’s AI regulatory framework is taking shape as its open-source systems gain popularity worldwide, according to paper.

China has transformed from a follower to a leader in AI governance, according to one of the paper’s authors. Photo: EPA
China has transformed from a follower to a leader in AI governance, according to one of the paper’s authors. Photo: EPA
TikTok

TikTok names former Boeing executive as US public policy chief

Ojakli, who previously oversaw government affairs at Ford Motor and Softbank, will begin his new role December 1.

Robotics

UBTech humanoid robots to patrol China-Vietnam border crossings

The initiative features the industrial-grade Walker S2, billed as the world’s first humanoid robot capable of replacing its own battery.

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Robotics

China’s robotics twin stars join national committee to shape industry standards

Unitree’s Wang Xingxing and AgiBot’s Peng Zhihui have been appointed to the Standardisation Technical Committee for Humanoid Robots.

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Unitree founder Wang Xingxing (left) and AgiBot co-founder Peng Zhihui have been named to China’s new robotics standardisation committee. Photo: Handout
Fintech

Hong Kong’s tokenisation drive set to boost treasury centres, investments

Tokenisation could increase the efficiency of corporate treasury centres, which help clients manage global finances, market players say.

Hong Kong is set to attract more companies to set up treasury centres in the city, as it pushes to establish a tokenised financial system. Photo: May Tse
Hong Kong is set to attract more companies to set up treasury centres in the city, as it pushes to establish a tokenised financial system. Photo: May Tse
Fintech

China ‘cements global AI leadership’ as Hong Kong builds niche as innovation hub

Beijing’s state-led strategy is among governance models shaping AI competitiveness worldwide, think tank Deep Knowledge Group says.

China consumption

Shanghai dreams of a new era of ‘AI restaurants’. But can diners stomach it?

The Chinese city aims to pioneer a new age of ‘smart dining’, where automated kitchens, robot servers and data-driven menus are the norm.

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US-China relations

From reusable rockets to deep-sea dives: how China closes tech gap on the West

China sees outer space and the polar regions as ‘strategic new frontiers’ vital to its future security – and is investing accordingly.

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Illustration: Lau Ka-kuen
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