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Moonshot’s flagship Kimi K2 Thinking model has stunned the global AI community with its impressive writing skills. Photo: Shutterstock
US-China tech war

Kimi developer Moonshot shows China’s growing AI depth: US government report

Washington’s evaluation highlights an increasing number of Chinese companies developing world-leading open-weight AI models, not just DeepSeek.

Volkswagen

Can Volkswagen regain its China market share with its US$3.5 billion bet?

Electric & new energy vehicles

Xpeng steps up ‘go global’ drive with Malaysian assembly hub for Southeast Asia

Commodities

Chinese mining giant CMOC buys four Brazilian gold mines to expand

CMOC will own the Aurizona, RDM, Fazenda and Santa Luz mines, with 8 tons of combined annual gold output.

Gold seams at the Al-Amar Gold Mine, 195 kilometre southwest of the Saudi capital Riyadh on May 28, 2008. Photo: AFP
Gold seams at the Al-Amar Gold Mine, 195 kilometre southwest of the Saudi capital Riyadh on May 28, 2008. Photo: AFP
Hong Kong stock market

Hong Kong stocks slide after China data shows growth running out of steam

China’s November retail sales miss estimates, while falling housing prices show no signs of slowing down.

United States

China’s AI sector poised for growth despite US restrictions: venture capitalist

China’s AI sector gains confidence with DeepSeek’s emergence, but tech ecosystem needs to improve, GSR United Capital’s Zhou Qi says.

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Electric & new energy vehicles

China’s Geely Auto raises bar on car safety with world’s largest test centre

Carmaker expands testing to 27 categories at Ningbo facility to prioritise safety over discounts in a crowded market.

A worker checks the frame of a car on a production line under Geely Auto’s Zeekr brand in Ningbo. Photo: Getty Images
A worker checks the frame of a car on a production line under Geely Auto’s Zeekr brand in Ningbo. Photo: Getty Images
Hong Kong property

With luxury absent, new entrants steady Hong Kong retail property

Newcomers from across Asia and Europe take advantage of cheaper rents while big-ticket brands delay major commitments.

China property

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

Made in China 2025

China’s Unitree teases platform allowing users to control robots via smartphones

Hangzhou robotics unicorn’s platform is designed to bring embodied intelligence into everyday life.

Unitree Robotics is preparing for a listing on Shanghai’s Nasdaq-style Star Market. Photo: Handout
Malaysia

Cold spots are hot tickets as southern Chinese head north to ski

Ski resorts record big visitor increases as high-speed rail and flight expansions bring in those who have tried the sport in indoor venues.

Children learn snowboarding at Jiangjunshan International Ski Resort in Altay, in northwest China’s Xinjiang Uygur Autonomous Region, on December 1, 2025. Photo: Xinhua
Children learn snowboarding at Jiangjunshan International Ski Resort in Altay, in northwest China’s Xinjiang Uygur Autonomous Region, on December 1, 2025. Photo: Xinhua
Electric & new energy vehicles

China’s EV battery giants wade into shipbuilding to bolster Beijing’s dominance

CATL and Gotion add momentum to China’s efforts to build new-energy vessels amid an accelerated decarbonisation drive.

Artificial intelligence

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

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Autonomous vehicles

Chinese robotaxi firm Pony.ai bets on ‘asset-light’ strategy for growth

Firm sees working with partners as the best way to expand service in the mainland and beyond.

videocam
A robotaxi by Pony.ai is parked on a road on November 23, 2025, in Shenzhen, Guangdong Province of China. Photo: VCG/VCG via Getty Images
Banking & finance

Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Think tank urges the expansion of connect schemes to cover a wider range of asset classes and the promotion of digital asset trading.

“Hong Kong has every opportunity to shape, innovate and lead,” according to the FSDC. Photo: Sam Tsang
“Hong Kong has every opportunity to shape, innovate and lead,” according to the FSDC. Photo: Sam Tsang
China stock market

‘China’s little Nvidia’ warns of overheating risks after 723% share surge

Moore Threads shares drop 13 per cent on Friday after the GPU maker cautions investors to ‘make decisions prudently and invest rationally’.

IPO

China’s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach

Hong Kong equity market offers platform for mainland Chinese AI firms seeking international investors amid intensifying domestic competition.

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Hong Kong stock market

Hong Kong stocks advance as traders position for additional growth measures

Investors anticipate further easing on monetary, fiscal and property fronts after Beijing vowed to strengthen domestic market.

Traders are hoping authorities will roll out further pro-growth initiatives to better align supply with domestic consumption, according to analysts. Photo: AFP
Traders are hoping authorities will roll out further pro-growth initiatives to better align supply with domestic consumption, according to analysts. Photo: AFP
China stock market

Look beyond AI ‘titans’ for growth stocks, BofA Securities says

Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities.

Artificial intelligence

China’s Xreal to power Google’s Android AI glasses as smart eyewear demand grows

Project Aura, which features dual-chip design and optical see-through lenses, is a fresh example of China’s expanding R&D capabilities.

Hong Kong stock market

Hong Kong stocks end flat as traders await policy signals from China conference

Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.

The Hang Seng Index edges down less than 0.1 per cent on Thursday. Photo: Jelly Tse
Mergers & Acquisitions

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

The aborted merger dashes industry expectations for a major domestic ecosystem covering advanced processors and high-performance servers.

Supercomputer maker Sugon remains the largest shareholder of chip designer Hygon. Photo: Handout
Supercomputer maker Sugon remains the largest shareholder of chip designer Hygon. Photo: Handout
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.

IPO

Hong Kong’s IPO juggernaut projected to raise up to US$45 billion in 2026: KPMG

It will be a pivotal year for hi-tech listings, which will help cement Hong Kong’s place at the top of global markets, auditing firm says.

Hong Kong property

JD.com’s US$450 million stake in Hong Kong Central tower eases Lai Sun debt woes

JD.com’s latest Hong Kong investment – a half stake in China Construction Bank Tower – will ease balance sheet pressure at Lai Sun.

JD.com has been expanding its operations in Hong Kong. Photo: Reuters
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