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People visit the MetaX booth at the World Artificial Intelligence Conference in Shanghai on July 26, 2025. Photo: CFOTO/Future Publishing via Getty Images
Semiconductors

Thirst for local AI chips raises revenue for China’s Cambricon, MetaX

China’s chip foundries also benefit from the country’s efforts to achieve semiconductor self-reliance.

Semiconductors

Hit from memory costs spreads from smartphones to BYD EVs in China

China stock market

China names Liu Haoling as CSRC deputy amid market stabilisation push

Consumers

Ikea to open first small-format Beijing store to tap changing consumer trends

The Tongzhou district outlet marks the furniture retailer’s pivot to compact formats as China’s property slump hits home-furnishing demand.

Ikea’s smaller stores focus on design services and curated product selections, rather than maintaining extensive on-site inventory, according to analysts. Photo: Handout
Ikea’s smaller stores focus on design services and curated product selections, rather than maintaining extensive on-site inventory, according to analysts. Photo: Handout
HKEX

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

Earnings jump 27 per cent to HK$5.19 billion as global capital continues to seek safe havens and access to Asian growth: CEO Bonnie Chan.

Hong Kong stock market

China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings

First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins.

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Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

Proceeds will be used to fund the construction of wind and solar projects, according to the company’s prospectus. Photo: Shutterstock
Proceeds will be used to fund the construction of wind and solar projects, according to the company’s prospectus. Photo: Shutterstock
Artificial intelligence

If it can’t stop the Meta-Manus AI deal, how can Beijing exert its authority?

Case shows US-China competition has expanded beyond chips and models to areas of engineering and product design, analyst says.

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IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

Company aims to enhance internationalisation strategy with listing expected to raise up to US$2 billion.

BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

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Visitors check a BYD Seagull electric vehicle at Auto China in Beijing on April 26. Photo: Reuters
Artificial intelligence

DeepSeek mystery: who is speaking for start-up amid CEO Liang Wenfeng’s absence?

Researcher Chen Deli is emerging as DeepSeek’s new public face as speculation over the whereabouts of the company’s founder and CEO lingers.

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DeepSeek’s logo is reflected in the glasses of a student. The company recently released its V4 model. Photo: Getty Images
DeepSeek’s logo is reflected in the glasses of a student. The company recently released its V4 model. Photo: Getty Images
Electric & new energy vehicles

China’s EV and battery makers race to cut charging times to under 10 minutes

Fast-charging technology takes centre stage at the Beijing Auto Show as firms unveil batteries promising unprecedented speed.

Hong Kong company reporting season

WuXi AppTec shares surge 14% in Hong Kong after record first-quarter earnings

The Chinese company’s revenue rose nearly 29 per cent to 12.44 billion yuan, while profit surged about 27 per cent to 4.65 billion yuan.

Semiconductors

Photonics chipmaker Lightelligence surges 400% in Hong Kong debut amid AI frenzy

Shanghai-based firm’s IPO reflects mainland China’s push for photonics chips as a fast-growing alternative to conventional semiconductors.

Lightelligence says it is the first company to achieve large-scale deployment of hybrid optical-electronic computing globally. Photo: Handout
CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

People walk past a Contemporary Amperex Technology Ltd logo at the Auto Shanghai show on April 18. Photo: Reuters
People walk past a Contemporary Amperex Technology Ltd logo at the Auto Shanghai show on April 18. Photo: Reuters
Alibaba

Alibaba gets nod to spin off warehouse park as Reit in logistics pivot

Hong Kong exchange’s approval is first step in plan to list asset on Shenzhen bourse as Beijing encourages Reit listings.

Semiconductors

Chinese optical chipmaker’s profit soars 1,153% on strong AI demand

Yuanjie Semiconductor Technology’s profit gain matches its elevenfold share price increase over the past year.

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Electric & new energy vehicles

Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion

Pony AI and WeRide harness China’s supply chain strength to cut costs, boost efficiency and scale robotaxi fleets worldwide.

A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
Electric & new energy vehicles

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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China’s private sector

WuXi AppTec posts record first-quarter revenue on strong global demand

Earnings top estimates as multinational pharmaceutical firms ramp up investment and partnerships in China.

China stock market

China equities set for boost as Trump-Xi meeting raises hopes of thaw

Investors are betting a Trump-Xi summit will ease tensions, helping Chinese equities close their long-standing valuation gap.

Analysts are optimistic that the state visit by US President Donald Trump to China next month could lift sentiment in mainland and Hong Kong equities. Photo: AFP
IPO

China’s solar giant Sungrow revives Hong Kong IPO plan amid clean energy boom

Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.

Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
China’s private sector

Turning cast-offs into cash: China’s Zhuanzhuan looks to Europe, US for growth

From phones to luxury bags, the recycling platform wants to take its ‘trash to treasure’ model global as second-hand demand accelerates.

Moore Threads

Moore Threads posts US$4.3m profit as Nvidia rival surges amid Beijing chip push

Beijing-based GPU maker turns a corner in the first quarter of 2026 after posting a US$16.5 million loss a year earlier.

Electric & new energy vehicles

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

Li Auto’s flagship L9 SUV is displayed at the ongoing Auto China in Beijing. Photo: Reuters
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