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CXMT is China’s largest and the world’s fourth-largest DRAM manufacturer. Photo: Handout

IPO Quote Profile

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.

1 hour ago

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

3 hours ago

Airbus scores major win in China with orders for 145 A320 aircraft

1 hour agovideocam

China Business

Hong Kong stocks notch second straight annual gain, trouncing US equities

Benchmark Hang Seng Index ends 2025 up 28 per cent, while the CSI 300 Index of mainland stocks is on track for an 18 per cent annual gain.

2 hours ago

A view of Exchange Square in Central, home of Hong Kong’s bourse operator, on December 30, 2025. Photo: Sun Yeung

Big Tech

Exclusive | 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.

6 hours ago

Companies

Exclusive | US anti-piracy firm Vobile buys top floor of Bank of America Tower at a discount

The Emmy-winning firm has bought the top floor of the US bank’s Admiralty office for US$25.4 million – more than 60 per cent below its peak.

6 hours ago

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China Business

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

Two women use their mobile phones at a store in Beijing on November 29, 2025. Photo: AFP

Tech Trends

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

Business

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

4 hours ago

Business

Hang Seng Bank to leave Hang Seng Index after 53 years if buyout passes

Brokers say the well-established benchmark is unlikely to be affected, as shareholders are poised to back HSBC’s privatisation plan.

30 Dec 2025 - 9:10PM

HSBC will hold a court meeting and a general meeting of Hang Seng Bank shareholders on January 8 in Hong Kong to vote on its proposed HK$155-per-share offer. Photo: Jelly Tse

China Economy

How China is upgrading its digital yuan for the stablecoin era

Beijing is upgrading its digital currency in response to the rise of stablecoins, but the goal is to create a fundamentally different system.

4 hours ago

A booth promotes the digital yuan at an expo in Beijing. China is upgrading its digital currency as it aims to create an alternative to stablecoins and cryptocurrencies. Photo: AP

Property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Developer offers 148 units in Phase 2A of Sierra Sea development, expecting strong demand from homebuyers.

30 Dec 2025 - 5:45PM

Big Tech

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 Quote Profile

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

Zhipu AI is moving closer to becoming the first large language model developer listed in Hong Kong. Photo: Shutterstock

China Business

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.

22 minutes ago

Insilico is training and testing an AI-powered drug-discovery tool to enable faster, cheaper and more successful drug discovery. Photo: Handout

China Business

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

Banking & Finance

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

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China Business

From hope to hard numbers: China stocks will need profits to boost the bull run

Chinese shares surged in 2025 on a confidence-led re-rating – strategists now say the next leg in 2026 will hinge on an earnings uplift.

27 Dec 2025 - 10:00AM

Earnings, and not valuations, will be the main booster for China’s equities in the year ahead. Illustration: Henry Wong

China Business

Are Chinese biotechs what the doctor ordered as Big Pharma faces ‘patent cliff’?

US drug makers are racing to plug looming ‘patent cliff’ revenue gaps – and increasingly they are turning to China biotechs.

20 Dec 2025 - 8:57AM

Tech Trends

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

14 Dec 2025 - 12:57AM

Banking & Finance

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

6 Dec 2025 - 11:18AM

Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout

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Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai

What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng

Taiwan firm creates clothing from banana waste

Banana

Gold scams in China and changing global politics

Wire

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