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The signing represents “a higher level of synergy between the two companies across the whole ecosystem”, according to CATL and Nio. Photo: AFP
Electric & new energy vehicles

China’s CATL, Nio deepen partnership to develop extended-life EV batteries

Joint effort highlights urgency as industry – including 40 million EV owners – braces for costly replacements.

Alibaba

Alibaba’s Amap muscles up on ‘world models’ in push beyond text-based AI

Artificial intelligence

Shenzhen eyes bigger role in world robotics arena as firms vow to boost output

Electric & new energy vehicles

Nvidia chooses China’s Hesai for lidar in Hyperion autonomous driving platform

Hesai will supply lidar sensors for Nvidia’s Drive Hyperion, targeting L4 self-driving, as the firm accelerates global expansion.

Hesai, whose clients include premium electric vehicle maker Li Auto and Geely, said it would double its lidar production capacity to 4 million units in 2026. Photo: Getty
Hesai, whose clients include premium electric vehicle maker Li Auto and Geely, said it would double its lidar production capacity to 4 million units in 2026. Photo: Getty
China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

Banking & finance

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

Chinese rivals fill out the rest of the top five, while US bank Morgan Stanley comes in sixth.

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Hong Kong stock market

Hong Kong stocks hit 7-week high as investors diversify into Chinese tech names

Investors also boost wagers that Beijing will ramp up policy support to prop up economic growth in 2026.

People walk through Exchange Square in Central, home to the city’s bourse operator, on December 30, 2025. Photo: Sun Yeung
People walk through Exchange Square in Central, home to the city’s bourse operator, on December 30, 2025. Photo: Sun Yeung
Electric & new energy vehicles

Tesla’s China sales hit record as EV buyers race to beat tax increase

US carmaker’s share of world’s biggest EV market declines to slightly more then 4 per cent amid stern challenge from local rivals.

Artificial intelligence

China’s DeepSeek adds advanced ‘thinking’ feature amid buzz over next model

Hangzhou-based AI start-up installs ‘interleaved thinking’ as monthly users surge 90 per cent to nearly 131.5 million.

Mainland China

China’s robotics sector will need 5 years to reach its ‘EV moment’, PE firm says

The robotics sector was estimated to have raised over US$8.15 billion in 2025, up more than 170 per cent from the year before.

Sean Xiang, Hermitage Capital’s founder and CEO, photographed at his office in Central, Hong Kong. Photo: Yik Yeung-man
Artificial intelligence

Chinese quant fund joins DeepSeek in AI race with LLM rivalling GPT-5.1, Claude

Beijing-based Ubiquant launches code-focused systems claiming benchmark wins over US peers despite using far fewer parameters.

Ubiquant is one of the first quant trading funds in China to apply AI at scale to quantitative investment. Photo: Shutterstock
Ubiquant is one of the first quant trading funds in China to apply AI at scale to quantitative investment. Photo: Shutterstock
US-Venezuela conflict

Gold, oil jolted by US assault on Venezuela as investors recalibrate

Gold and oil move in opposite directions as attack underscores gold’s haven value, fails to alter oil market’s supply glut.

IPO

MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say.

Banking & finance

The ‘biology winter’ thaws: why investors are buying Hong Kong’s biotech IPOs

A wave of China out-licensing deals is feeding a biotech comeback in Hong Kong, where IPOs and follow-on placements are surging.

Healthcare firms now account for about a fifth of the more than 300 listing applications in the city. Photo: Shutterstock
Robotics

China’s humanoid robot makers, Hong Kong start-ups set to dazzle CES 2026

Nearly a dozen Chinese humanoid robot makers are expected at the trade show, while Hong Kong sends its largest-ever delegation.

videocam
Chinese humanoid robot maker AgiBot is expected to bring its full product portfolio at CES 2026. Photo: AgiBot
Chinese humanoid robot maker AgiBot is expected to bring its full product portfolio at CES 2026. Photo: AgiBot
Hong Kong stock market

Hong Kong stocks near 7-week high as Kuaishou surges, oil firms drop

‘Everyone is broadly constructive because earnings visibility still outweighs macro fear at this stage,’ analyst says.

China property

Property industry an enemy within for Beijing’s economic targets

Ripple effect from further downturn would threaten economic growth and put more developers, workers and even banks at risk, analysts warn.

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IPO

Turning point: China doubles IPOs in 2025 amid eased curbs to boost tech push

CSRC reforms revive fundraising momentum with 115 firms generating US$18.3 billion across mainland China’s exchanges.

The securities regulator rolled back curbs on new listings and resumed approvals for pre-profit technology companies, leading to the IPO boom. Photo: Xinhua
The securities regulator rolled back curbs on new listings and resumed approvals for pre-profit technology companies, leading to the IPO boom. Photo: Xinhua
Electric & new energy vehicles

Weak year-end sales cloud China’s EV outlook, keeping price-war fears alive

A weaker-than-expected year-end rush and falling deliveries at major brands are stoking fears of another price war.

Artificial intelligence

China takes confident strides to develop more AI innovation in 2026

‘China’s tech innovation is poised for policy-driven growth in 2026, with AI placed at the centre of the country’s economic agenda,’ NYU’s Winston Ma says.

Banking & finance

More issuers turn to Dubai listings as yuan bonds gain traction in Middle East

Dubai’s dim sum bond momentum points to investor confidence in China and diversification from the US dollar, says regulator.

Financial centres like Dubai are the key centrepoints of the quickly growing corridor between China and the Middle East, according to the Dubai Financial Services Authority. Photo: AFP
Semiconductors

China’s top contract chipmakers pursue acquisitions amid self-sufficiency drive

Hua Hong Semiconductor set to close a US$1.2 billion deal, days after SMIC says it will take full control of a subsidiary for US$5.8 billion.

Big-ticket acquisitions by Hua Hong Semiconductor and Semiconductor Manufacturing International Corp signal a fresh round of consolidation in the country’s chip industry. Photo: Shutterstock
Big-ticket acquisitions by Hua Hong Semiconductor and Semiconductor Manufacturing International Corp signal a fresh round of consolidation in the country’s chip industry. Photo: Shutterstock
Electric & new energy vehicles

China’s EV sector doubles down on discounts and cheap financing as growth cools

Carmakers are shifting from straight price cuts to subsidised loans and feature-packed models, as China’s EV price war drags on.

Hong Kong

Baidu spin-off Kunlunxin joins wave of Chinese semiconductor IPOs in Hong Kong

Last year, 20 Chinese semiconductor IPOs raised over 45 billion yuan (US$6.4 billion), with six of them listing in December.

Hong Kong stock market

Hong Kong stocks jump into 2026 with biggest surge since May

Investors expect Beijing’s ‘policy pivot’ to continue, with a focus on demand-side stimulus and stabilising the housing market, analyst says.

A view of Exchange Square in Central, where Hong Kong’s bourse operator is based, on December 30, 2025. Photo: Sun Yeung
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