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General view of the Exchange Square in Central. Photo: Jelly Tse

China Business

Hong Kong stocks head for longest win streak in 3 weeks as US inflation cools

Soft US inflation data strengthens the case for monetary easing as the Hang Seng Index gains for a third day.

China’s pharmaceutical industry transforms into a global innovation powerhouse

Can rising lithium costs save China’s energy storage firms from a price war?

Tech

China to remain biggest buyer of chipmaking equipment through 2027: SEMI

China chipmakers are projected to continue outspending the world on wafer fab equipment through 2027, report says.

China will remain the top consumer of semiconductor manufacturing hardware at least until 2027, a report says. Photo: Xinhua
China will remain the top consumer of semiconductor manufacturing hardware at least until 2027, a report says. Photo: Xinhua

Tech Trends

SenseTime pushes open-source AI model to provide a ‘smart brain’ for every robot

The Chinese AI pioneer also releases first robot dog under new venture Ace Robotics.

Big Tech

CATL marks trailblazing deployment of humanoid robots at scale in China plant

The initiative underscores the growing use of intelligent Chinese-made robots in the country’s manufacturing industry.

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Business

Alibaba deepens ecosystem with Qwen-Amap tie-up for routes, restaurants and more

The integration marks Alibaba’s first full tie-in for Qwen, as the company pushes for more synergy across its sprawling consumer platforms.

Amap has become the first Alibaba ecosystem service to be fully integrated with its Qwen app. Photo: Handout
Amap has become the first Alibaba ecosystem service to be fully integrated with its Qwen app. Photo: Handout

Tech Trends

ByteDance AI model usage grows over tenfold on strong demand from Chinese firms

‘AI is being adopted at an unprecedented speed,’ Tan Dai, president at cloud unit Volcano Engine, says.

Tech Trends

AI agent maker Manus hits US$100 million revenue milestone in 9 months

Manus 1.5, launched in October, boasts improvements in speed and reliability across research and web development tasks.

China Business

Holiday rush: Hong Kong IPO market sparkles with busiest December in years

From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.

Insilico Medicine says its listing could raise up to HK$2.3 billion. Photo: Shutterstock

China Business

BYD ups the ante on L3 autonomous cars, begins testing for mass production

BYD has pinned its hopes on preliminary self-driving technologies to bolster its sales in mainland China.

BYD says it has completed more than 150,000 kilometres of real-world L3 testing. Photo: Xinhua
BYD says it has completed more than 150,000 kilometres of real-world L3 testing. Photo: Xinhua

China Business

Hong Kong stocks tread water as tech giants stumble on AI bubble jitters

Hang Seng Tech Index slides after US equities slump, while investors await inflation report.

Tech Trends

China cements global lead in smart vacuums as Picea acquires Roomba maker iRobot

Last month, Picea subsidiary Santrum bought about US$191 million of iRobot’s outstanding debt from the investment firm Carlyle Group.

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Tech

AMD chief Lisa Su commits to ‘deeper’ China investments after MIIT meeting

In Beijing on Wednesday, Su exchanged views with MIIT director on ‘strengthening cooperation’ in the digital economy and AI sectors.

AMD CEO Lisa Su meets Lenovo executives in Beijing on Tuesday. Photo: Sina

Big Tech

ByteDance pushes frequent updates to Doubao AI as privacy concerns persist

Strong demand for Doubao AI phone eclipses concerns its agent-like functions pose a security risk.

The first smartphone running on ByteDance’s agentic AI phone assistant sold out on the first day, leading to a temporary stock surge for suppliers. Photo: Handout
The first smartphone running on ByteDance’s agentic AI phone assistant sold out on the first day, leading to a temporary stock surge for suppliers. Photo: Handout

Tech Trends

China’s open-source AI models rival US giants, making engagement urgent: report

The report calls on US actors to engage with Chinese firms as the AI landscape continues to evolve.

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Big Tech

Tencent shakes up AI operations, names recent recruit as chief AI scientist

Vinces Yao Shunyu now serves as chief AI scientist under the CEO’s office, reporting directly to Tencent president Martin Lau.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

How Huawei and DeepSeek are tending the garden of China’s AI aspirations

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Illustration: Henry Wong
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Big Tech

China’s DeepSeek challenges Google DeepMind with new AI model

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A shop advertising DeepSeek in Hong Kong. Photo: Universal Images Group via Getty Images

Banking & Finance

Sanofi signs with Hong Kong biotech firm Insilico to spur AI drug discovery

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The Sanofi headquarters in Lyon, France. Photo: Reuters

China Business

Exclusive | Hong Kong’s Insilico, Aramco to partner on sustainable fuels and materials

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Insilico opened a regional research centre in Abu Dhabi this month. The opening ceremony was attended by Alex Zhavoronkov, Insilico’s co-founder and CEO, Omar Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Ahmed Baghoum, the acting CEO of Masdar City, and Alex Aliper, Insilico’s co-founder and president. Photo: Handout

China Business

China’s pharmaceutical industry transforms into a global innovation powerhouse

China is gaining a solid reputation as a pharmaceutical innovation hub, according to global consultancy Idea Pharma. Photo: AP

Tech

China to remain biggest buyer of chipmaking equipment through 2027: SEMI

China will remain the top consumer of semiconductor manufacturing hardware at least until 2027, a report says. Photo: Xinhua
MORE IN China Future Tech
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OPINION
Winston Mok

Opinion | How China can help Africa build human capital

Winston Mok
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Andrew Sheng

Opinion | Age of AI holds both promise and peril

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Opinion | Why the real AI race is within China and not across the Pacific

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Opinion | The bright side to US-China decoupling and global self-reliance drives

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Brian P. Klein

Opinion | Will AI kill the middle class?

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MULTIMEDIA
Video

How a Shanghai start-up is digitalising Chinese tea

Safety, verification and trust behind start-up company Teakan Technology’s goal to make traditional Chinese tea digitally traceable
Video

Humanoid robots take centre stage at Shanghai summit

Competitions mainly focused on robotic applications in industrial assembly, home services, flower arranging, healthcare and elderly care, as well as restaurant services
Video

Australia’s under-16 social media ban due to take effect

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02:58
Video

Chinese firm unveils new lightweight AI glasses

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