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US-China relations
Trump, some Republicans differ on TikTok ahead of sell-or-ban deadline
‘If ByteDance stays involved in any way, the deal is illegal – plain and simple,’ said one senior Republican lawmaker.
33 minutes ago
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Banking & finance
Cathie Wood sees AI driving US$10 trillion global robotaxi revolution
27 Mar 2025 - 6:37PM
SenseTime
SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts
27 Mar 2025 - 4:47PM
Robotics
Unitree robotics profitable since 2020, eyes expansion amid high demand
The Hangzhou start-up known for its robot dogs told local media it had no immediate plans for additional fundraising.
27 Mar 2025 - 12:01PM
A Unitree G1 humanoid robot waves to children at a kindergarten in Yantai, Shandong province. Photo: CFOTO/Future Publishing via Getty Images
Artificial intelligence
Microsoft abandons data centre projects, sparking oversupply fears
Microsoft’s retrenchment in the last six months included lease cancellations and deferrals, analysts at investment bank TD Cowen said.
27 Mar 2025 - 10:09AM
Alibaba
Alibaba, Ant partner with home province to boost China’s AI drive
The two tech giants have become key partners in empowering government agencies with AI capabilities.
26 Mar 2025 - 6:30PM
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Tencent
Tencent adds AI chatbot friend to WeChat to keep users glued to app
WeChat users can now add Yuanbao as a ‘friend’ and interact with the chatbot without downloading a separate app.
26 Mar 2025 - 5:15PM
WeChat has added the Yuanbao AI chatbot to its messaging feature. Photo: Shutterstock
Banking & finance
Hong Kong’s MTR Corp raises US$3 billion from its largest public bond sale
The deal comes amid a buoyant Asian bond market as risk sentiment remains steady ahead of further US trade tariffs, according to analysts.
26 Mar 2025 - 4:28PM
CATL
CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion
CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.
26 Mar 2025 - 5:50PM
US-listed Chinese stocks
Chinese tea chain Chagee reveals revenue surge in US IPO filing
Net revenue nearly tripled to US$1.71 billion in 2024, company says as it prepares for Nasdaq listing.
26 Mar 2025 - 11:11AM
Hong Kong stock market
Hong Kong stocks rise, led by Chinese EV makers and tech firms
Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.
26 Mar 2025 - 4:45PM
People look at a Nio ET7 at the Beijing Auto Show in Beijing on May 3, 2024. Photo: AFP
Artificial intelligence
ChatGPT can now create charts for work and edit photos better
The new capabilities are available to both free and paid users via OpenAI’s GPT-4o model.
26 Mar 2025 - 9:49AM
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Electric & new energy vehicles
BYD out-earns Tesla after out-making, out-selling Model 3 producer
Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.
26 Mar 2025 - 12:19PM
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DeepSeek
DeepSeek wows coders with more powerful open-source V3 model
The new version and DeepSeek V3 are both foundation models trained on vast data sets that can be applied in different use cases.
25 Mar 2025 - 6:00PM
Banking & finance
Alibaba’s Tsai says some AI bets like excess data centres are speculative
‘People are talking literally about US$500 billion, several US$100 billion [projects]. I don’t think that is entirely necessary,’ Tsai says.
25 Mar 2025 - 5:11PM
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Alibaba Group chairman Joe Tsai says some of the multi-billion outlays may be unnecessary. Photo: Handout
Electric & new energy vehicles
Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion
The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.
25 Mar 2025 - 8:13PM
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Semiconductors
US start-up PsiQuantum raising US$750 million in quantum computing race
Start-ups and major tech firms are chasing quantum computing, with Google, Microsoft and Amazon having unveiled new quantum chips.
25 Mar 2025 - 11:15AM
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Auctions
23andMe’s bankruptcy puts 15 million users’ DNA data on auction block
23andMe has proposed an auction in May for the sale of its assets, which include the genetic data of more than 15 million customers.
25 Mar 2025 - 10:13AM
The 23andMe headquarters in Sunnyvale, California. Photo: AFP
Banking & finance
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Hong Kong must capitalise on DeepSeek to lure global, Chinese funds: HSBC
Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.
25 Mar 2025 - 1:39PM
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Banking & finance
China to attract more private equity from Middle East and US: Bain & Co
Asia-Pacific deal value rose 11 per cent to US$176 billion in 2024, according to Bain & Company.
25 Mar 2025 - 8:03AM
Robotics
Unitree’s robots won’t be helping with the cleaning up just yet
Despite growing competition, Unitree’s founder says the company will not release household robots until safety issues are sorted out.
24 Mar 2025 - 8:03PM
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Banking & finance
Exclusive
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Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures
The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.
25 Mar 2025 - 4:40PM
Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images
Apple
Apple’s Cook praises DeepSeek ahead of Shanghai developer conference
At the China Development Forum in Beijing, Cook called DeepSeek’s models ‘excellent’, as consumers await the launch of Apple Intelligence.
24 Mar 2025 - 6:00PM
Electric & new energy vehicles
BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller
The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.
25 Mar 2025 - 9:45PM
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Hong Kong property
Hong Kong may need 7 to 15 years to end city’s office glut, experts say
The city has 15 million sq ft of excess office space, more than all the current space in the main business district.
24 Mar 2025 - 2:01PM
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HIGHLIGHTS FROM
China Future Tech
Banking & Finance
Alibaba’s Tsai says some AI bets like excess data centres are speculative
25 Mar 2025 - 5:11PM
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Tech
Alibaba launches AI model that can process images and video on the go
27 Mar 2025 - 6:00PM
Tech Trends
China’s 2025 cloud spending to grow 15% on the back of DeepSeek adoption
27 Mar 2025 - 5:00PM
Business
SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts
27 Mar 2025 - 4:47PM
China Economy
‘Dominant’: US and Chinese robotics start-ups attract 75% of global funding
27 Mar 2025 - 2:49PM
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11
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