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Hong Kong developer Hang Lung is pinning its hopes on an uptick in mainland consumption. Photo: AFP
China property

Hang Lung flags ‘tough slog’ for property, looks to mainland malls for growth

Hong Kong developer says property segment recovery will be slow, but sees mainland retail and consumption offering the clearest upside.

Smartphones

China gives Apple ‘best iPhone quarter in history’ with 38% revenue growth

Banking & finance

HSBC suffers temporary system shutdown, stopping services in Hong Kong

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Hong Kong property

NWD shares jump after market views likely stake sale as positive

Debt-laden Hong Kong developer confirms in exchange filing that parent Chow Tai Fook Enterprises has been approached by investors.

Rumours have been circulating that investors have approached the parent of the indebted developer. Photo: Jelly Tse
Rumours have been circulating that investors have approached the parent of the indebted developer. Photo: Jelly Tse
Electric & new energy vehicles

How Tesla’s AI shift is prompting Chinese rivals to expand tech offerings

As Tesla diversifies into humanoid robots and self-driving cars, its Chinese competitors are also moving into flying cars, robots and chips.

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China’s private sector

AstraZeneca unveils US$15 billion China investment as Starmer visits Beijing

The drug maker says the funding will expand medicines production and research capabilities, as London and Beijing seek to rebuild momentum.

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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.

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

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

The launch of the Zhenwu 810E marks the latest initiative by China’s Big Tech firms to develop a domestic alternative to Nvidia’s AI chips.

Semiconductors

Nvidia wins approval for Taiwan headquarters to secure AI chip supply

Jensen Huang’s expansion plan highlights Silicon Valley chip designer’s reliance on TSMC as AI demand accelerates.

Electric & new energy vehicles

Tesla reports first ever annual revenue decline as China’s EV giants zoom ahead

Tesla’s vehicle production fell 7 per cent year on year in 2025, as Elon Musk signals company will pivot to humanoid robots.

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Tesla CEO Elon Musk speaks during a panel discussion at the World Economic Forum (WEF), in Davos, Switzerland. Tesla has reported that its annual revenues declined for the first time in the company’s history in 2025. Photo: EPA
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.

A Hygon accelerator used in artificial intelligence model training and inference. Photo: Hygon
A Hygon accelerator used in artificial intelligence model training and inference. Photo: Hygon
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.

Hong Kong property

Hong Kong logs US$37 million Admiralty office deal amid market recovery hopes

The sale follows a series of sizeable office transactions and a pickup in leasing, as investors reassess opportunities in Hong Kong.

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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The first batch of Nvidia chip shipments is expected to go to China’s Big Tech companies. Photo: Shutterstock
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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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.

Brian Gu, vice chairman and co-president of Xpeng. Photo: Li Cao
Brian Gu, vice chairman and co-president of Xpeng. Photo: Li Cao
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.

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.

AI will allow drug makers to pick better molecules, make better medicines and improve molecule design, Amgen executive says. Photo: Shutterstock
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
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’.

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.

The acquisition of Puma will accelerate Anta’s multi-brand globalisation strategy, according to the Chinese sportswear brand. Photo: Reuters
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