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Moore Threads Technology expects to release a new-generation graphics processing unit every year. Photo: Moore Threads
Semiconductors

China’s Moore Threads to unveil AI chip road map to rival Nvidia’s CUDA system

Founder Zhang Jianzhong is expected to launch the firm’s next-generation AI chip architecture and MUSA platform road map in Beijing.

Robotics

China’s Deep Robotics raises US$70 million as sector draws more investors

Semiconductors

China’s AI developers to welcome Nvidia’s H200 chip shipments, analysts say

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Liang Wenfeng

DeepSeek founder Liang Wenfeng cleans up on chip firm Moore Threads’ IPO

Liang’s quantitative hedge fund, High-Flyer, subscribes to more than 80,000 Moore Threads shares, which saw a stellar trading debut in Shanghai.

Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
China stock market

New China guidelines to base asset managers’ pay on the performance of funds

The China Securities Regulatory Commission seeks a performance-based salary mechanism at the country’s 160 mutual fund houses.

China stock market

Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering price of 114.28 yuan.

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Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Americas and the Caribbean

Brazil’s central bank chief says China’s low-cost imports have eased inflation

Gabriel Galipolo confirms imports from China have grown while their prices have fallen, easing inflation in Brazil in the short term.

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Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

Alibaba

Alibaba to lead AI capital spending among Chinese firms amid strong demand

The group’s intention to boost AI-related capital outlay reflects its aim to spearhead China’s efforts in the race for global AI leadership.

Alibaba Cloud continues to grow demand for its open-source Qwen AI model family. Photo: Shutterstock
Yuan

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
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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Alibaba

Alibaba posts 5% rise in quarterly revenue on AI, cloud momentum

‘We have entered into an investment phase to build long-term strategic value in AI technologies and infrastructure,’ CEO Eddie Wu Yongming says.

Huawei

Huawei’s latest Kirin 9030 processor powers premium Mate 80 smartphones

Huawei’s Richard Yu Chengdong claims strong double-digit performance improvement by the new Mate 80 models running the Kirin 9030 processor.

Richard Yu Chengdong, chairman of Huawei’s consumer business group, leads the launch of the new Mate 80 smartphones on Tuesday. Photo: Handout
Semiconductors

Wingtech says Nexperia’s headquarters remains silent on call for talks

In a statement, Wingtech reiterates its intention to fully regain its shareholder rights in the chipmaker.

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Nexperia’s factory in Dongguan, southern China’s Guangdong province. Photo: Reuters
Nexperia’s factory in Dongguan, southern China’s Guangdong province. Photo: Reuters
Semiconductors

Memory chip prices surge amid strong demand from the AI sector: analysts

The price increase is set to be turbocharged once Nvidia starts using certain memory chips in its AI servers, Counterpoint Research says.

Foxconn

Taiwan’s Foxconn expands AI hardware push with OpenAI deal

Foxconn sees profits soar after shifting its focus from low-margin iPhone assembly to AI servers that are now in huge demand.

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Macau

SJM cancels plan to buy Ponte 16, but pursues deal for L’Arc Macau

SJM terminates acquisition plan a week after posting a 91 per cent fall in third-quarter net profit.

An aerial view of the Casino Grand Lisboa, one of the flagship properties in Macau of SJM Holdings. Photo: Handout
An aerial view of the Casino Grand Lisboa, one of the flagship properties in Macau of SJM Holdings. Photo: Handout
Artificial intelligence

Lenovo downplays surge in memory chip prices, pushes AI agent for devices

The world’s largest personal computer maker posts record sales of US$20.5 billion in the September quarter.

Banking & finance

Baby boom or bust: Trip.com co-founder launches HK$500 million birth-rate fund

Trip.com co-founder James Liang says Hong Kong is uniquely placed to help solve China’s looming population crunch.

Cryptocurrency

Chinese crypto founders shelve US$500 million ether digital asset treasury plan

Proponents call off the project amid the worsening cryptocurrency market conditions.

Delaying the ether digital asset treasury project would avoid causing losses for its investors. Photo: Shutterstock
Ant Group

Alibaba founder Jack Ma visits Ant Group as fintech giant ramps up AI efforts

Ma’s visit marks almost a year since he publicly endorsed Ant Group’s AI initiatives during the firm’s 20th anniversary.

Jack Ma, wearing a white cap, walks alongside Ant Group chairman Eric Jing Xiandong (left) and CEO Cyril Han Xinyi at the fintech giant’s campus in Hangzhou. Photo: Handout
Jack Ma, wearing a white cap, walks alongside Ant Group chairman Eric Jing Xiandong (left) and CEO Cyril Han Xinyi at the fintech giant’s campus in Hangzhou. Photo: Handout
SCMP Business Awards

Xpeng’s founder headlines SCMP Live’s 2025 Business Awards

The winners of the awards in six categories will be announced on December 12 in Hong Kong.

Baidu

China’s Baidu posts 50% rise in AI revenue despite third-quarter slump

In spite of sluggish advertising, AI operations provide ‘a solid foundation for sustainable long-term growth’, Baidu CFO He Haijian says.

Smartphones

Huawei’s Mate 80, foldable Mate X7 handsets to square off against Apple, Xiaomi

Speculation swirls that Huawei’s latest smartphones will run its new Kirin 9030 processor.

Huawei Technologies’ new polar day gold Mate 80 Pro Max model. Photo: Handout
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