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China’s state-backed lithography champion Shanghai Micro Electronics Equipment (SMEE) has reshuffled its business. Photo: Reuters
Semiconductors

China’s top lithography bet shifts gears: SMEE sells subsidiary in key pivot

State-backed SMEE, often dubbed China’s best ASML challenger, has sold Shanghai Weiyao to AMIES in a move that prioritises tool development.

CES

US visa denials cast a shadow over Hong Kong’s largest-ever delegation to CES

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Artificial intelligence

Alibaba’s Amap rolls out AI-powered 3D virtual tours for offline destinations

Made in China 2025

Meow or never: China’s pudgy pets spark race for weight-loss drugs

Fosun and Huadong biotech labs eye feline obesity drugs as owners weigh cuteness against health risks.

The total pet population in China reached 430 million in 2024, with nearly one-third of urban cats classified as obese, according to the China Pet Industry Association. Photo: Shutterstock
The total pet population in China reached 430 million in 2024, with nearly one-third of urban cats classified as obese, according to the China Pet Industry Association. Photo: Shutterstock
Technology

Singapore, Beijing land in top 10 of Savills’ Matcha Index of global tech cities

Even with its premium-priced matcha drinks, Singapore ranks among the world’s most ‘liveable’ cities for tech workers.

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.

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Artificial intelligence

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

Premier Li Qiang urges faster adoption of robotics to benefit industries and households during a meeting with tech companies in Shenzhen.

China is pushing its humanoid robotics industry to become “a global leader”. Photo: Xinhua
China is pushing its humanoid robotics industry to become “a global leader”. Photo: Xinhua
Artificial intelligence

Nvidia CEO Jensen Huang credits DeepSeek with accelerating open-source AI shift

DeepSeek turbocharged open-source AI, Nvidia’s Jensen Huang says, as he rolls out next-gen Rubin hardware at CES.

Artificial intelligence

Nvidia CEO Huang says next generation of chips is in full production

To get the new performance, Huang said the Rubin chips use a proprietary kind of data that the company hopes the industry ‍will adopt.

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.

DeepSeek’s website and mobile app now offer multi-step research with “thinking” interspersed throughout the process. Photo: Shutterstock
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
Artificial intelligence

DeepSeek pitches new route to scale AI, but researchers call for more testing

DeepSeek’s proposed ‘mHC’ design could change how AI models are trained, but experts caution it still needs to prove itself at scale.

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.

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.

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Chinese humanoid robot maker AgiBot is expected to bring its full product portfolio at CES 2026. Photo: AgiBot
Banking & finance

Exclusive | HKMA teams up with SFC, Insurance Authority to promote fintech over next 5 years

The HKMA is expanding the city’s generative AI sandbox to include other industries, chief executive Eddie Yue Wai-man says.

Hong Kong Monetary Authority chief executive Eddie Yue Wai-man. Photo: SCMP
Hong Kong Monetary Authority chief executive Eddie Yue Wai-man. Photo: SCMP
Artificial intelligence

MindRank in Phase 3 trial with first AI-assisted new drug

The company was aiming for approval in the second half of 2028, paving the way for a market launch in 2029.

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.

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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
Artificial intelligence

DeepSeek proposes fundamental AI shift with ‘mHC’ architecture to upgrade ResNet

The paper comes at a time when most AI start-ups have been focusing on turning AI capabilities in LLMs into agents and other products.

Mergers & Acquisitions

China’s M&A revival points to deeper investor confidence in growth prospects

Deal value is expected to rise, with strategic transactions and overseas ambitions driving momentum.

Artificial intelligence

DeepSeek opens 2026 with paper signalling race to train bigger models for less

DeepSeek has published a technical paper co-authored by founder Liang Wenfeng proposing a rethink of its core deep learning architecture.

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For industry watchers, DeepSeek’s papers often provide an important early signal of the engineering choices that will shape the start-up’s next major model release. Photo: Getty
Electric & new energy vehicles

China’s EV makers to corner one-third of global market by 2030, UBS says

Analysts see China’s EV edge enduring, citing overseas profits and supply chain strengths despite tariffs and Western protectionism.

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China’s carmakers are projected to generate most of their profits overseas. Photo: Reuters
China’s carmakers are projected to generate most of their profits overseas. Photo: Reuters
Artificial intelligence

China’s Moonshot AI raises US$500 million in latest funding round: report

The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.

Autonomous vehicles

Former DJI self-driving unit seeks edge in adapting drone tech to heavy vehicles

The latest moves mean ZYT is opening up new battlefronts in China’s fiercely contested autonomous driving landscape.

Semiconductors

Nvidia asks chipmaker TSMC to ramp up H200 production amid China demand: sources

Chinese tech companies place orders for more than 2 million H200 chips for 2026, according to sources.

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The exact additional volume of H200 chips Nvidia intends to order from semiconductor foundry TSMC remains unclear. Photo: Shutterstock
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