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MiniMax secured around US$350 million, or 56.5 per cent of the IPO, from 14 cornerstone investors to boost the offering’s profile. Photo: CFOTO/Future Publishing via Getty Images

Banking & Finance

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 81.2 per cent to HK$299 before ending the morning session 78.2 per cent higher at HK$294.

Chinese robot vacuum maker Dreame sees AI-driven appliances run household chores

China’s Xpeng unveils hybrid SUV boasting world’s longest driving distance

China Business

Shanghai steps up oversight of delayed payment practices hurting suppliers

Task force set up to protect supply-chain vendors and stabilise manufacturing amid fierce price wars.

The move comes after Shanghai published its latest action plan to build a world-class business environment. Photo: AFP
The move comes after Shanghai published its latest action plan to build a world-class business environment. Photo: AFP

Tech Trends

Core team of Chinese researchers behind AI model R1 remains intact: DeepSeek

The 18 core scientists behind R1 continue to power the start-up’s AI ambitions and capabilities amid growing anticipation of a new release.

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Tech War

China semiconductor expert suggests vigilance in buying Nvidia’s H200 AI chips

The US has an inconsistent stance on advanced chips, alternating between limited easing and renewed pressure, Wei Shaojun says.

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Big Tech

China to probe Meta’s purchase of Manus over export controls, tech concerns

Probe comes amid concerns the US$2.5 billion acquisition could breach tech export controls and encourage more start-ups to relocate offshore.

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The Manus AI logo is seen displayed on a smartphone screen with the Meta logo in the background. Photo: Getty Images
The Manus AI logo is seen displayed on a smartphone screen with the Meta logo in the background. Photo: Getty Images

Tech Trends

Dose of uncertainty: experts wary of AI health tech gadgets at CES trade show

Technology and health experts question the accuracy of these products and warn of data privacy issues.

Tech Trends

Lenovo unveils new AI agent, Nvidia tie-up in glitzy show at CES 2026

The AI agent forms part of Lenovo’s ‘hybrid AI’ strategy that targets both consumer and enterprise markets.

Banking & Finance

3 Chinese AI, robotics stocks gain in Hong Kong debuts

Zhipu AI, Iluvatar CoreX and Edge Medical raised US$1.2 billion in their share offerings.

Zhipu AI is the first pure-play Chinese AI large language model developer traded on the Hong Kong stock exchange. Photo: Shutterstock

Tech Trends

DeepSeek to customise namesake chatbot for Italian users following probe

The firm agrees to a package of commitments, including tackling AI model ‘hallucination’ issues, with the Italian Competition Authority.

The Italian Competition Authority praised DeepSeek for committing to lower the hallucination rate of its AI models through technical fixes. Photo: Shutterstock
The Italian Competition Authority praised DeepSeek for committing to lower the hallucination rate of its AI models through technical fixes. Photo: Shutterstock

China Business

Chinese biotechs strike a record US$136 billion in out-licensing deals in 2025

Chinese drug makers signed 157 out-licensing deals with global pharmaceutical firms last year versus 94 a year earlier.

Tech

Soaring prices, but shrinking demand as China’s memory chip market falters

China’s spot market for memory chips is surging on tight global supply, but Shenzhen vendors say sky-high quotes are scaring off buyers.

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Big Tech

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.

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

AI

Chinese robot conducts complex operation on pig without human intervention

The robot completed 88 per cent of the steps on its first attempt, followed by real-time adjustments and corrections to finish the surgery.

A surgical robot performs an operation in Beijing. Photo: Handout
A surgical robot performs an operation in Beijing. Photo: Handout

Tech

Beijing mulls intervention in Meta’s Manus deal amid AI ‘brain drain’ fears

The blockbuster Meta-Manus deal is cheering investors but worrying Beijing, where officials see a risky precedent for Chinese AI start-ups.

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Tech Trends

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

Hong Kong’s CES delegation includes start-ups from fields of health tech, artificial intelligence and new materials.

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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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Tech

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

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The questions in FAI-C were reviewed by a panel of Biblical experts, including theologians, pastors, psychologists and scholars of ethics. Photo: SCMP

Tech Trends

Chinese robot vacuum maker Dreame sees AI-driven appliances run household chores

People at the CES trade show watch Dreame’s prototype Cyber X robot vacuum cleaner, the first such product designed to climb up and down an entire flight of stairs and handle multilevel cleaning. Photo: AFP

China Business

Shanghai steps up oversight of delayed payment practices hurting suppliers

The move comes after Shanghai published its latest action plan to build a world-class business environment. Photo: AFP

Tech Trends

Core team of Chinese researchers behind AI model R1 remains intact: DeepSeek

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The updated technical paper of DeepSeek’s R1 development shows the start-up retained all 18 scientists behind the much-acclaimed AI model. Photo: Shutterstock

Banking & Finance

TCM firms eye Hong Kong IPOs to fuel global expansion

A traditional Chinese medicine pharmacy at the Hong Kong Chinese Medicine Hospital in Tseung Kwan O. Photo: Edmond So
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OPINION
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MULTIMEDIA
Video

Hongkongers urged to use eMPF to ward off scams

Hongkongers urged to sign up for eMPF platform as defence against scams
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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