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China Business
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China economy
IPO
Chinese rocket firm LandSpace moves towards US$1 billion IPO
Listing is the first accepted under a fast-track process for pre-revenue rocket companies, as China prioritises space development.
2 hours ago
Semiconductors
US grants TSMC annual licence to import American chipmaking tools into China
54 minutes ago
China’s private sector
Small restaurants in China starve as consumers suppress spending appetite
4 hours ago
5
Mainland China
Why Air France-KLM remains bullish on China-Europe travel market despite hurdles
Chinese travellers drive leisure and business bookings as airline eyes long-term growth despite Russian airspace restrictions.
5 hours ago
“I’m optimistic about the future prospects,” says Steven van Wijk of Air France-KLM.
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.
6 hours ago
Tourism
China’s Gen Z consumers drive rise in homestay bookings to ring in the new year
Gen Z travellers made up more than 50 per cent of total homestay bookings for the 2026 New Year’s holiday period.
1 Jan 2026 - 9:00AM
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China property
China housing market gets VAT relief on resales but demand outlook stays subdued
Policy lowering VAT to 3 per cent reduces seller costs but demand recovery is key to stabilising the housing sector, property agents say.
31 Dec 2025 - 5:30PM
Individuals selling homes within two years of purchase will be subject to a VAT rate of 3 per cent, down from 5 per cent, from January 1. Photo: Getty Images
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.
31 Dec 2025 - 5:03PM
Electric & new energy vehicles
Beijing renews trade-in subsidy scheme amid domestic car market’s gloomy outlook
Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.
31 Dec 2025 - 4:30PM
IPO
China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market
Listing aims to fund wafer expansion and DRAM upgrades as Beijing drives tech self-reliance.
31 Dec 2025 - 3:38PM
IPO
China AI start-up MiniMax kicks off US$538 million Hong Kong IPO
Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.
31 Dec 2025 - 11:20AM
The company said it would start trading under stock code 0100 on January 9, with pricing expected on January 7. Photo: Shutterstock
Hong Kong stock market
Hong Kong, mainland China stocks finish year with world-leading gains
City’s benchmark Hang Seng Index ends 2025 up 28 per cent, while the CSI 300 Index of mainland stocks rises 18 per cent.
31 Dec 2025 - 3:58PM
ByteDance
Exclusive
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ByteDance to pour US$14 billion into Nvidia chips in 2026 as AI demand surges
Chinese unicorn’s computing needs have climbed across its portfolio of popular apps, cloud unit Volcano Engine and large language models.
31 Dec 2025 - 9:00AM
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Mainland China
China’s second-hand boom fuels bruising battle for trade-in traffic
Recycling platform ATRenew is scaling up as China’s young consumers shed the stigma around second-hand shopping.
31 Dec 2025 - 7:30AM
Artificial intelligence
China-founded Tripo AI updates 3D content platform as users more than double
‘This shows that we’re on the right track,’ founder and CEO Simon Song Yachen says.
31 Dec 2025 - 7:00AM
Tripo AI’s flagship platform, Tripo Studio 1.0, generates 3D content from text or images in seconds. Photo: Handout
Artificial intelligence
China-founded AI start-up Manus acquired by Meta for ‘billions’
Deal will bring Singapore-based Manus’ ‘leading agent to billions of people’, Meta says.
30 Dec 2025 - 8:04PM
IPO
China’s Zhipu AI launches US$560 million share sale amid heated IPO tech race
The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong’s first large language model listing.
30 Dec 2025 - 4:16PM
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Hong Kong stock market
Hong Kong stocks edge higher on last full trading day of year
Hang Seng Index edges higher as Chinese yuan surpasses 7 against US dollar for first time since May 2023.
30 Dec 2025 - 4:33PM
People walk past Exchange Square in Central, home of Hong Kong’s bourse operator, on March 28, 2025. Photo: Matthew Miller
IPO
China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs
US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.
31 Dec 2025 - 2:26PM
IPO
Insilico Medicine leads 6 Hong Kong IPOs, capping banner fundraising year
Debutants raise total of US$899 million as exchange wraps up one of the most active months for IPOs since 2021.
30 Dec 2025 - 5:26PM
Made in China 2025
Chinese firms flock to Dubai free zones to navigate trade barriers, expand reach
JD.com, CNBM, carmakers and hundreds of other Chinese companies use the hub to reach consumers across Asia, Africa and Europe.
30 Dec 2025 - 8:00AM
Robotics
Chinese robot vacuum maker Dreame gives staff gifts of gold, trip to Antarctica
Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.
29 Dec 2025 - 7:32PM
A Dreame 10s Ultra robot vacuum cleaner. Photo: Dreame
Banking & finance
OCBC, Bangkok Bank, First Abu Dhabi join US$14 billion offshore yuan scheme
Leading banks from Southeast Asia and the Middle East are taking part in the programme, underscoring the city’s push as an offshore yuan hub.
29 Dec 2025 - 6:30PM
Electric & new energy vehicles
China’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor
‘Leapmotor aims to achieve annual deliveries of 4 million units a year in 10 years’ time,’ founder and CEO Zhu Jiangming says.
29 Dec 2025 - 3:31PM
Accounting and auditing
Hong Kong accounting firms plan hiring spree and embrace AI to attract talent
KPMG, Deloitte and EY boost hiring and invest in AI to lift efficiency and attract talent amid rising demand for tech-savvy professionals.
29 Dec 2025 - 12:00PM
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