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Illustration by Lau Ka-kuen
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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Start-ups

Entrepreneurs vie for Africa’s Business Heroes titles in start-up bonanza

China-EU relations

EU targets China’s Shein and Temu with new fees on low-value parcels

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China-Latin America relations

Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

Beijing criticises the duties as damaging to its interests, as Mexico defends them as vital to support domestic producers.

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Mexican President Claudia Sheinbaum says her government consulted domestic and foreign business leaders before finalising the tariff measure. Photo: EPA
Mexican President Claudia Sheinbaum says her government consulted domestic and foreign business leaders before finalising the tariff measure. Photo: EPA
US-China relations

China heads into 2026 with economic strains, uneasy US rivalry: Asia Society

Report says Beijing must juggle control and growth as debt, demographics and US tech tensions shape the year ahead.

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Banking & finance

China’s sovereign fund reveals it opened London office after Trump win

China Investment Corporation opened its third offshore office in London in December 2024, joining outposts in Hong Kong and New York.

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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.

Robotics

China’s Deep Robotics raises US$70 million as sector draws more investors

Company founder Zhu Qiuguo says the new funding would be used for research and the recruitment of top robotics talent.

Semiconductors

China’s AI developers to welcome Nvidia’s H200 chip shipments, analysts say

Nvidia faces stronger domestic competition from the likes of Huawei, Cambricon, Moore Threads and MetaX.

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Nvidia’s H200 chips are expected to be in demand in China after Washington approved shipments to the country. Photo: Shutterstock
Liang Wenfeng

DeepSeek founder Liang Wenfeng cleans up on chip firm Moore Threads’ IPO

Liang’s quantitative hedge fund, High-Flyer, subscribes to more than 80,000 Moore Threads shares, which saw a stellar trading debut in Shanghai.

Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
China stock market

New China guidelines to base asset managers’ pay on the performance of funds

The China Securities Regulatory Commission seeks a performance-based salary mechanism at the country’s 160 mutual fund houses.

China stock market

Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering price of 114.28 yuan.

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Americas and the Caribbean

Brazil’s central bank chief says China’s low-cost imports have eased inflation

Gabriel Galipolo confirms imports from China have grown while their prices have fallen, easing inflation in Brazil in the short term.

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Central bank president Gabriel Galipolo says that cheaper goods from China have helped to reduce inflation and keep interest rates stable in Brazil. Photo: Pedro Franca/Agência Senado
Central bank president Gabriel Galipolo says that cheaper goods from China have helped to reduce inflation and keep interest rates stable in Brazil. Photo: Pedro Franca/Agência Senado
Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

Alibaba

Alibaba to lead AI capital spending among Chinese firms amid strong demand

The group’s intention to boost AI-related capital outlay reflects its aim to spearhead China’s efforts in the race for global AI leadership.

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Yuan

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
Robotics

UBTech humanoid robots to patrol China-Vietnam border crossings

The initiative features the industrial-grade Walker S2, billed as the world’s first humanoid robot capable of replacing its own battery.

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Alibaba

Alibaba posts 5% rise in quarterly revenue on AI, cloud momentum

‘We have entered into an investment phase to build long-term strategic value in AI technologies and infrastructure,’ CEO Eddie Wu Yongming says.

Huawei

Huawei’s latest Kirin 9030 processor powers premium Mate 80 smartphones

Huawei’s Richard Yu Chengdong claims strong double-digit performance improvement by the new Mate 80 models running the Kirin 9030 processor.

Richard Yu Chengdong, chairman of Huawei’s consumer business group, leads the launch of the new Mate 80 smartphones on Tuesday. Photo: Handout
Semiconductors

Wingtech says Nexperia’s headquarters remains silent on call for talks

In a statement, Wingtech reiterates its intention to fully regain its shareholder rights in the chipmaker.

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Nexperia’s factory in Dongguan, southern China’s Guangdong province. Photo: Reuters
Nexperia’s factory in Dongguan, southern China’s Guangdong province. Photo: Reuters
Semiconductors

Memory chip prices surge amid strong demand from the AI sector: analysts

The price increase is set to be turbocharged once Nvidia starts using certain memory chips in its AI servers, Counterpoint Research says.

Foxconn

Taiwan’s Foxconn expands AI hardware push with OpenAI deal

Foxconn sees profits soar after shifting its focus from low-margin iPhone assembly to AI servers that are now in huge demand.

Macau

SJM cancels plan to buy Ponte 16, but pursues deal for L’Arc Macau

SJM terminates acquisition plan a week after posting a 91 per cent fall in third-quarter net profit.

An aerial view of the Casino Grand Lisboa, one of the flagship properties in Macau of SJM Holdings. Photo: Handout
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