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The XRing O1 chip marks a breakthrough for Xiaomi in advanced integrated circuit design. Photo: Weibo
Semiconductors

Xiaomi’s new 3-nanometre chip takes on rival products from Apple, Qualcomm

The chip marks another milestone for China’s technology self-sufficiency drive amid tightened US export controls on advanced semiconductors.

Electric & new energy vehicles

CATL’s EV battery plants to become carbon neutral this year, founder Zeng says

Hong Kong stock market

China’s first rate cut in 7 months drives Hong Kong stocks to 2-month high

Foxconn

Foxconn invests in India as Apple moves iPhone production from China

Apple is looking to import most of the iPhones it sells in the US from India by the end of 2026.

The logo of Foxconn, also known as Hon Hai Precision Industry, is seen on top of the company’s building in Taipei. Photo: Reuters
The logo of Foxconn, also known as Hon Hai Precision Industry, is seen on top of the company’s building in Taipei. Photo: Reuters
IPO

Hong Kong regains No 1 spot in global fundraising on CATL’s US$4.6 billion IPO

EV battery maker’s shares advance 16.4 per cent to close at HK$306.20 on the first day of trading in the city.

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Electric & new energy vehicles

China’s EV price war worsens, threatening carmakers’ plans to stem losses

Chinese carmakers offered a record high 16.8 per cent average discount last month, from 16.3 per cent in March, JPMorgan findings show.

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Huawei

Huawei flexes with US$3,300 foldable tablet running HarmonyOS

Huawei has launched a foldable-screen laptop and a more traditional MateBook Pro with home-grown tech after being cut off from Microsoft and Intel.

Huawei has launched its first foldable-screen laptop running its self-developed HarmonyOS operating system. Photo: Huawei Technologies
Huawei has launched its first foldable-screen laptop running its self-developed HarmonyOS operating system. Photo: Huawei Technologies
Xiaomi

Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says

Lei said Xiaomi has allocated US$6.9 billion for semiconductor development in China over a 10-year period.

Ant Group

Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin-off

Ant International could fetch an IPO valuation of between US$8 billion to US$24 billion if it lists in Hong Kong, analysts say.

Electric & new energy vehicles

Exclusive | Stellantis, Leapmotor near decision on European production

Leapmotor says production costs likely to rise by 10 per cent compared with former Poland plant, but has no plans to raise prices.

A Leapmotor facility in Jinhua, China. Photo: AFP
Robotics

China’s industrial robot output soars, as Unitree and UBTech take lead

Production of industrial robots in April outpaced increases seen in earlier months amid national enthusiasm around the technology.

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A UBTech humanoid robot picks up an object during a demonstration simulating a factory’s assembly line. Photo: Reuters
A UBTech humanoid robot picks up an object during a demonstration simulating a factory’s assembly line. Photo: Reuters
Hong Kong stock market

Hong Kong stocks erase loss as China’s resilient economy defies US tariff impact

China’s April economic data offers a glimpse into the impact of Trump’s ‘reciprocal tariffs’ on the nation’s economy.

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Banking & finance

Hong Kong offers vital linkages in aiding Qatar-China investment growth, bank says

Standard Chartered’s Huen sees opportunities in financial services and technology as Qatar seeks to diversify from oil and gas.

Banking & finance

Exclusive | Goldman urges value investors to make ‘precise’ stock picks in China

Investors should target sectors with policy support in China as trade tensions ease, Goldman Sachs says.

Kinger Lau of Goldman Sachs. Photo: Dickson Lee
Electric & new energy vehicles

EV battery maker CATL seeks new growth in clean tech ahead of Hong Kong listing

The company is exploring overseas expansion opportunities and revving up its charging robot initiative through its subsidiary CharGo.

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CATL set up CharGo last year to enter the mobile electric vehicle charging robot market. Photo: Handout
CATL set up CharGo last year to enter the mobile electric vehicle charging robot market. Photo: Handout
Video gaming

Chinese esports giant NIP sets global targets with Abu Dhabi expansion

Co-founder Hicham Chahine said a significant portion of NIP’s audience is now outside China, which he called a more ‘developed’ video gaming market.

China-EU relations

‘It’s crazy’: inside Europe’s growing obsession with Chinese blind-box toys

The craze is the latest sign that Chinese brands are becoming more skilled at winning over Western consumers.

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Banking & finance

Hong Kong prepares for a homecoming as mainland firms face US delisting threats

Delisting pressure on US-listed companies from the mainland could be a jackpot for Hong Kong markets.

Illustration by Lau Ka-kuen
Illustration by Lau Ka-kuen
Artificial intelligence

Hong Kong healthcare investor looks for biotech’s ‘DeepSeek moment’ in China

ORI Capital is planning a US$350 million fund to focus on Chinese biotech, with hopes that AI will help beat the market.

Tencent

China’s lack of advanced chips hinders adoption of AI models: Tencent executive

Washington’s latest chip export controls could widen the gap in AI adoption between China and the US, Tencent Cloud’s Wang Qi says.

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Hong Kong stock market

Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.

People walk past an electronic board showing major Hang Seng indices in Central, Hong Kong on April 10, 2025. Photo: dpa
DeepSeek

DeepSeek offers new details on using 2,048 Nvidia chips to train its V3 model

In a paper co-authored by founder Liang Wenfeng, the start-up attributes its success to a hardware-software co-design approach.

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In a paper co-authored by founder Liang Wenfeng, DeepSeek elaborated on some of the technology behind its foundational V3 model. Photo: Shutterstock
In a paper co-authored by founder Liang Wenfeng, DeepSeek elaborated on some of the technology behind its foundational V3 model. Photo: Shutterstock
Shenzhen

Chinese fast-fashion group opens Urban Revivo store in Hong Kong amid sales challenges

FMG opened its flagship Urban Revivo store in Tsim Sha Tsui on Friday, taking up 8,750 sq ft of retail space in Harbour City.

Huawei

Huawei’s chip unit doubled revenue last year on back of firm’s smartphone growth

HiSilicon recorded a surge in revenue in 2024, driven by strong sales of Huawei’s Pura 70 and Mate 70 handsets, according to Counterpoint Research.

US-China tech war

US curbs on Huawei chips add uncertainty to China’s AI investment

New guidance on US export rules could deter Chinese firms with global ambitions from using Huawei processors, analysts say.

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The US has clarified its export rules to bar the use Huawei’s AI chips anywhere in the world. Photo: EPA-EFE
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