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Momenta's technology has been used cars from Mercedes-Benz, BMW, Toyota and Honda. Photo: Reuters
IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

China’s private sector

China’s first AI-powered cancer vaccine production line set to launch in Beijing

China property

Will China’s new tech bases in Hebei and Tianjin revive local housing demand?

Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

DeepSeek says DSpark delivers faster results and lower costs, marking a breakthough in inference. Photo: Reuters
DeepSeek says DSpark delivers faster results and lower costs, marking a breakthough in inference. Photo: Reuters
Electric & new energy vehicles

China’s heavy trucks are going electric, and abroad, paving the road to net-zero freight

Analysts say low ownership costs and battery gains are fuelling an export boom to regions such as Southeast Asia and Africa, positioning Chinese firms as main engines.

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China consumption

Will K-pop give South Korean retailers an edge in China market?

Even though China’s convenience store market is crowded with Chinese rivals and foreign peers like 7-Eleven, it remains far from saturated.

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HKEX

Hong Kong vows stronger exchange with reforms, bond futures and gold push

Listing changes and new product launches are set to bolster Hong Kong’s role as a global financial hub, deputy finance chief says.

HKEX chairman Carlson Tong and Deputy Financial Secretary Michael Wong strike the gong to mark the bourse operator’s 26th anniversary. Photo: May Tse
HKEX chairman Carlson Tong and Deputy Financial Secretary Michael Wong strike the gong to mark the bourse operator’s 26th anniversary. Photo: May Tse
Retailing

Xtep opens first Saucony store in Hong Kong, eyes more premium retail sites

Chinese sportswear group positions premium running brand in Hong Kong as improving market sentiment draws retailers back to prime sites.

Electric & new energy vehicles

Banking on it: Chinese EVs expand their global footprint

With a boost in global exports offsetting domestic dips, banks forecast significant growth in overseas markets – especially western Europe.

Hong Kong property

Penthouse in Hong Kong’s Mid-Levels sells for US$48.5m, sets pricing benchmark

The record per square foot pricing for new homes this year highlights the growing momentum in the city’s luxury property market.

CK Asset has now sold four mansions at 21 Borrett Road for a combined HK$1.05 billion. Photo: May Tse
Electric & new energy vehicles

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

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BYD displays one of its luxury models at Auto China in Beijing on April 24. Photo: Reuters
BYD displays one of its luxury models at Auto China in Beijing on April 24. Photo: Reuters
China’s private sector

China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from probe

Country’s top travel site signals turbulence ahead amid rising energy costs, geopolitical tensions and mounting regulatory pressure.

IPO

Chinese PCB maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO

The Hefei-based firm’s listing comes as the global AI boom fuels gains in the materials and components that underpin servers.

Electric & new energy vehicles

Top CATL boss cools expectations over next major leap in EV batteries

Robin Zeng Yuqun addresses expectations at ‘Summer Davos’ on whether the battery technology would be available in the near future.

Robin Zeng Yuqun, head of the world’s largest electric vehicle (EV) battery maker, CATL, at the World Economic Forum’s Annual Meeting of the New Champions, also known as "Summer Davos", held in Dalian, in northeast China’s Liaoning province. Photo: Weibo
Semiconductors

China’s JCET to build new plant in Shanghai to expand advanced chip packaging

US$1.15 billion investment underscores advanced packaging’s role in boosting China’s chipmaking capabilities amid rapid AI development.

Employees work in JCET’s plant in Jiangsu province. Photo: Getty Images
Employees work in JCET’s plant in Jiangsu province. Photo: Getty Images
Hong Kong property

Hong Kong prime office vacancy hits 7-month low on Central spillover demand

City’s prime office market shows recovery signs as Central nears full occupancy, boosting rentals and spillover demand in nearby districts.

Huawei

Danish court orders state to pay telecoms firm US$12m for Huawei gear removal

Court in Copenhagen says Huawei gear removal from TDC NET’s network went beyond regulation, entitling Danish firm to damages.

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Electric & new energy vehicles

Chinese car sales accelerate in Europe as Brussels weighs putting on the brakes

Citi analysts say five largest Chinese-owned groups – SAIC, BYD, Geely, Chery and Leapmotor – have 10.6 per cent share of European market.

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Chinese-made MG cars on a dock before being loaded onto a ship for export at the port in Lianyungang, Jiangsu province, last week. Photo: AFP
Chinese-made MG cars on a dock before being loaded onto a ship for export at the port in Lianyungang, Jiangsu province, last week. Photo: AFP
Banking & finance

Amid lay-offs in the financial sector, how can banks best integrate AI?

AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says.

China’s private sector

China is fretting over a demographic crisis – but what companies might benefit?

Goldman Sachs says pharmaceutical, biotech sectors could see strongest tailwinds, while car industry, tech hardware makers may struggle.

Artificial intelligence

Milestones for China’s medical AI as robot wins EU nod and model tops benchmark

Medbot’s teleoperated robot gains EU clearance as Baichuan-M4 clinical AI outshines global rivals in OpenAI’s HealthBench.

[Shutterstock] Medical technology concept with 3d rendering surgery robot in surgery room. Photo: Shutterstock Images.
Stock Illustration ID: 1701322531
Hong Kong property

Creditors push to sell 2 Hong Kong hotels amid banks’ drive to cut losses

Dual-branded Sheraton complex heads for tender, with stricter capital rules pushing lenders to accept quicker disposals.

Savills is holding a formal tender that is expected to close on August 31 for the 1,219-room property on Lantau Island. Photo: Handout
Savills is holding a formal tender that is expected to close on August 31 for the 1,219-room property on Lantau Island. Photo: Handout
China’s private sector

China’s biotech boom: record 5,215 clinical drug trials reported in 2025

Cancer treatments remain the top research focus as Beijing’s drive to make biotech a strategic industry draws attention in Washington.

CATL

China’s CATL bets big on sodium-ion batteries amid lithium volatility

World’s largest maker of EV batteries invests US$742 million to boost output as it introduces its first sodium-based energy-storage system.

Artificial intelligence

Alibaba chip unit T-Head triples capital amid AI hardware bet

First injection in over three years comes as Alibaba works on full-stack AI infrastructure, from its Qwen models to chips to cloud services.

Alibaba has become more vocal about its chip unit this year and is reportedly working toward spinning it off with an initial public offering. Photo: Shutterstock
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