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People gather next to the Merlion statue at the Marina Bay Waterfront Promenade in Singapore. Photo: AFP
Artificial intelligence

China-founded Shanda’s AI lab boosts Singapore operation, pulling China research

MiroMind asks some staff in Shanghai to relocate and continue their AI research work in Singapore, sources say.

Low-altitude economy

Shanghai to open ‘free-to-fly’ zones covering 46% of city for consumer drones

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Artificial intelligence

Beijing outlines tech push with focus on AI, 6G, humanoid robots

E-commerce

China fines e-commerce firm PDD for tax violations amid probe

Operator of leading online retail platform was cited for failure to comply with Shanghai’s tax requirements.

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The logo of Chinese e-commerce platform Pinduoduo. Photo: Shutterstock
The logo of Chinese e-commerce platform Pinduoduo. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks trade rangebound on Japan bond rout, Greenland unease

Signs emerge that the flare-up of geopolitical tensions could spill over to the financial markets.

Semiconductors

Memory chip crunch to persist even as Samsung, SK Hynix, Micron boost production

Major vendors are scrambling to expand production, but the scarcity of general-purpose memory chips is forecast to continue well into 2027.

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Biomedicine: Industry Trends

Harbour BioMed stake in US drug developer shows Chinese firms’ growing clout

Latest example of Chinese drug maker acquiring equity in overseas partner shows they are becoming true development partners, analysts say.

Global drug companies no longer view Chinese firms as contract manufacturers, but as development partners, an analyst says. Photo: Shutterstock
Global drug companies no longer view Chinese firms as contract manufacturers, but as development partners, an analyst says. Photo: Shutterstock
Semiconductors

China Telecom develops MoE models trained entirely on Huawei’s AI chips

The state-owned telecoms network operator trains its TeleChat3 models on Huawei’s Ascend 910B chips.

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China's space programme

China’s commercial space sector soars with 50 launches in 2025

Commercial launches accounted for 54 per cent of the total last year, data from China National Space Administration shows.

Electric & new energy vehicles

Chinese EV makers’ outlook overseas improves as Europe levels the playing field

Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.

A BYD Seal is displayed at the Brussels Motor Show on January 9, 2026. Photo: EPA
HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

HKEX will continue to help innovators access capital more efficiently, says Bonnie Chan. Photo: Edmond So
HKEX will continue to help innovators access capital more efficiently, says Bonnie Chan. Photo: Edmond So
China consumption

China targets hi-tech industries, household spending in 2026 with policy package

Beijing announces support for small businesses and the tech sector, after 2025 economic data shows heavy reliance on exports.

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Hong Kong stock market

Labubu maker Pop Mart surges after buy-back in show of confidence

Repurchase signals management’s confidence and healthy balance sheet, analysts say, though stock remains 40 per cent below last year’s peak.

IPO

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

Hong Kong’s IPO market has had a record January with 11 new listings raising more than US$4.3 billion. Photo: Nora Tam
China technology

China’s nuclear fusion start-ups power up with record funding round

Startorus Fusion raised US$143 million, a record for a private firm, while Supermag New Energy received ‘several hundred million yuan’.

China has launched an association specifically tasked with accelerating funding for the commercialisation of nuclear fusion technology. Photo: Shutterstock
China has launched an association specifically tasked with accelerating funding for the commercialisation of nuclear fusion technology. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks cap longest slide in 2 months on China slowdown

Investors hold off on bets after reports show fourth-quarter growth decelerated and property prices continued to slide.

Made in China 2025

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

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Electric & new energy vehicles

Chinese automotive suppliers speed up localisation to boost global market share

International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.

BYD’s plant in Zhengzhou, central China’s Henan province. Photo: Xinhua
BYD’s plant in Zhengzhou, central China’s Henan province. Photo: Xinhua
Robotics

China’s Unitree ships over 5,500 humanoid robots in 2025, surpassing US peers

The Hangzhou-based firm’s output far outstripped the roughly 150 units each shipped by Tesla, Figure AI and Agility Robotics last year.

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Semiconductors

Explainer | Will Trump’s new industrial policy make the global memory chip shortage worse?

The US government warns major memory chipmakers to either pay 100 per cent duties or build their products in America.

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China stock market

China’s securities regulator clamps down on speculation to prevent sharp swings

CSRC signals it wants a slower but longer stock market rally after trading volumes and margin financing hit record highs.

Regulators are moving to cool pockets of overheating in the A-share market following a strong start to 2026. Photo: AFP
China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

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People skate on a frozen lake at Chaoyang Park in Beijing, with residential buildings in the background. Photo: AP
People skate on a frozen lake at Chaoyang Park in Beijing, with residential buildings in the background. Photo: AP
Hong Kong stock market

Hong Kong stocks slip as China’s quarterly growth slows and tariff threat weighs

Hang Seng Index drops as mainland China’s growth moderates in the fourth quarter and the US threatens Europe with new tariffs.

Bonds

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Issuers and investors flock to Hong Kong dollar and yuan bonds, backed by deep liquidity and diverse yield curves.

Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
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