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The global AI industry is moving towards developing AI agents capable of autonomously executing tasks on behalf of users. Photo: Shutterstock
Artificial intelligence

China’s cloud giants race to support Moltbot, the ‘AI that actually does things’

Hyperscalers embrace the AI agent, which can execute tasks without step-by-step instructions, but privacy concerns loom large.

Semiconductors

Alibaba’s T-Head unit unveils details of AI chip designed to rival Nvidia’s GPUs

Semiconductors

ASML reports heated global demand in 2025, but cools China outlook

IPO

3 Chinese firms add to Hong Kong’s IPO boom with US$2 billion in fundraising

Muyuan Foods, Shenzhen Han’s and Distinct Healthcare started taking orders for their Hong Kong listings on Thursday.

Muyuan Foods, the world’s largest hog firm, plans to sell about 274 million new shares at up to HK$39 each. Photo: Shutterstock
Muyuan Foods, the world’s largest hog firm, plans to sell about 274 million new shares at up to HK$39 each. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks rise for seventh day, briefly cross 28,000 mark

Zijin, CNOOC, PetroChina, Longfor and China Overseas Land lift Hang Seng Index from early slump.

Semiconductors

Hygon’s chips ‘safe’ from AMD security flaw amid China’s tech self-reliance push

That result shows Hygon’s efforts in redesigning the chip architecture licensed from AMD with self-developed innovations.

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Hong Kong stock market

Muyuan Foods courts cornerstone investors for Hong Kong listing

Thai conglomerate expected to join a group of cornerstone investors in a deal that could raise about US$1.5 billion.

Muyuan is among a crop of Chinese companies in the consumer industry that are defying China’s sluggish consumer demand to sell shares in Hong Kong. Photo: AP
Muyuan is among a crop of Chinese companies in the consumer industry that are defying China’s sluggish consumer demand to sell shares in Hong Kong. Photo: AP
Artificial intelligence

Moonshot’s newest release narrows US-China AI model development gap: analysts

Kimi K2.5 raises questions about the potency of US controls on advanced chips to constrain China’s AI efforts, Brookings’ Kyle Chan says.

Semiconductors

Beijing weighs H200 imports amid uncertainty for China tech giants

More than 400,000 H200 chips reportedly approved for ByteDance, Alibaba and Tencent as China balances AI needs with tech self-reliance push.

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Artificial intelligence

‘Teach our children well’: Jack Ma urges changes to China’s education in AI era

China’s educators must teach students to ask thousands of good questions, rather than give the same correct answer, Ma says.

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Alibaba Group Holding founder Jack Ma speaks to Chinese rural teachers in a video conference call on Monday. Photo: Jack Ma Foundation
Artificial intelligence

Price rises on horizon for Chinese cloud firms after Google, AWS set new rates

Surging AI workloads, memory prices push Chinese cloud providers to consider increases after global peers act.

Alibaba Cloud led China’s AI cloud sector in the first half of 2025 with a market share of 36 per cent. Photo: Shutterstock
Alibaba Cloud led China’s AI cloud sector in the first half of 2025 with a market share of 36 per cent. Photo: Shutterstock
China’s private sector

Pop Mart rallies in Hong Kong on aggressive push into US retail market

Shares of Labubu toymaker Pop Mart jumped after the Chinese firm unveiled plans to open more than 20 new stores in the US this year.

Luxury in China

As LVMH returns to growth, is the slump in China’s luxury market finally over?

LVMH saw its sales in China rise in the second half of 2025, as the vast Chinese luxury market shows signs of recovery.

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Banking & finance

Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

The Hong Kong Investment Corporation will use the city’s advantages amid global competition, geopolitical challenges, CEO Clara Chan says.

The Hong Kong Investment Corporation made HK$2.34 billion in investment income in 2024, according to its annual report released in December. Photo: Jonathan Wong
Fintech

China second to US in global AI finance index, with Hong Kong third as city hub

China rated the strongest country in converting AI capacity into production use, while Hong Kong trailed New York and London as finance hub.

China outperformed all countries in financial sector AI maturity, according to the Global AI Competitiveness Index. Photo: Reuters
China outperformed all countries in financial sector AI maturity, according to the Global AI Competitiveness Index. Photo: Reuters
China’s private sector

Partnerships, not plants: Chinese companies rethink overseas expansion strategy

Executives are urging a measured approach as Chinese firms turn to global markets amid intensifying competition at home.

Hong Kong stock market

Hong Kong stocks maintain momentum to hit 4.5-year high

Busy Ming Group, China’s largest snack and drinks retailer, gains 69 per cent on its Hong Kong debut.

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Semiconductors

Iluvatar CoreX targets Nvidia’s Rubin with GPU road map amid China chip push

Chinese chip designer outlines a multi-year GPU plan to outperform Nvidia’s next-generation Rubin platform within two years.

There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock
There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock
China manufacturing

Over 70% of European firms in China review supply chain strategies: survey

The findings show how European firms must maintain a delicate balancing act between China’s tight security and focus on self-reliance.

Biomedicine: Industry Trends

China could approve first AI-designed drug next year, Merck executive says

AI and genetics are creating a ‘seismic shift’ in the pharmaceutical business, experts on Asian Financial Forum panel say.

Artificial intelligence

China’s Alibaba, Moonshot claim latest AI models challenge OpenAI, Google

Alibaba says Qwen3-Max-Thinking is its ‘best model so far’, while Moonshot calls Kimi K2.5 the world’s most powerful open-source model.

The new models mark the first major Chinese releases this year. Photo: Shutterstock
Artificial intelligence

China’s Baidu merges key app businesses to drive consumer AI push

Merger of Wenku and Wangpan into a new AI unit comes as tech firms race to turn their services and apps into the next ‘super app’.

Baidu’s move marks one of its largest reorganisations in the past two years. Photo: Shutterstock
Baidu’s move marks one of its largest reorganisations in the past two years. Photo: Shutterstock
Artificial intelligence

Alibaba’s Qwen-3 becomes one of world’s first AI models to operate in orbit

The entire Qwen-3 process – from uploading queries to on-orbit inference and sending results back to Earth – took less than two minutes.

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Mergers & Acquisitions

China’s Anta snags Puma from France’s Pinault family in US$1.8 billion deal

China’s largest sportswear firm is acquiring 29 per cent to become Puma’s biggest shareholder while strengthening its global expansion.

Hong Kong stock market

Upbeat China industrial profit data lifts Hong Kong stocks for a fifth day

Profit at China’s industrial firms rose 5.3 per cent year on year in December, versus a drop of more than 13 per cent in November.

A general view of the Hong Kong stock exchange in Exchange Square. Photo: Sun Yeung
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