Shanghai
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
Valery Fokin has been awarded the Vyzov Prize for his discovery of a “molecular snap” reaction that has become a widely used tool across scientific disciplines and has enabled the creation of DNA imaging technologies, diagnostic methods and clinical drugs. Photo: Vyzov Foundation
US-China relations

US-based scientist Valery Fokin wins Vyzov Prize, beating fierce Chinese rivals

USC chemistry professor is awarded one of Russia’s top science honours, topping competition from 40 countries.

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China consumption

From taboo to trendy: China’s second-hand luxury market cashes in on resale boom

Mobile gaming

China’s video game sales reach record amid overseas expansion, AI investment

Architecture and design

Building on waves: a Chinese triumph in temporary architecture

A Zhejiang pavilion takes top honours at the RIBA Asia Pacific Awards, alongside a Hong Kong finalist celebrating the beauty of impermanence.

GN Architects’ Seaside Pavilion, on Chaishan island, Zhejiang province, clinched the Temporary Architecture prize in the 2025 RIBA Asia Pacific Awards. Photo: courtesy GN Architects
China trade

China jails antimony smugglers in tough stance on critical minerals

Dozens convicted of illegally shipping 166 tonnes of the strategic material, marking a major enforcement of Beijing’s export controls.

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Artificial intelligence

ByteDance AI model usage grows over tenfold on strong demand from Chinese firms

‘AI is being adopted at an unprecedented speed,’ Tan Dai, president at cloud unit Volcano Engine, says.

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Blockchain

Video | How a Shanghai start-up is digitalising Chinese tea

Safety, verification and trust behind start-up company Teakan Technology’s goal to make traditional Chinese tea digitally traceable.

Safety, verification and trust behind start-up company Teakan Technology’s goal to make traditional Chinese tea digitally traceable
Hong Kong stock market

Hong Kong stocks tread water as tech giants stumble on AI bubble jitters

Hang Seng Tech Index slides after US equities slump, while investors await inflation report.

Hong Kong courts

Legal Tales | Despite lapses behind Tai Po fire, Hong Kong’s unity shows in a time of crisis

Catastrophic fires in other places offer lessons in the administration of justice, but Hongkongers’ care and resilience will carry them through.

Artificial intelligence

ByteDance pushes frequent updates to Doubao AI as privacy concerns persist

Strong demand for Doubao AI phone eclipses concerns its agent-like functions pose a security risk.

The first smartphone running on ByteDance’s agentic AI phone assistant sold out on the first day, leading to a temporary stock surge for suppliers. Photo: Handout
China's military weapons

PLA’s Fujian aircraft carrier transits Taiwan Strait as Taipei watches closely

Island’s defence ministry says vessel’s passage through the waterway showed ‘no military intent’ and no aircraft were seen on its deck.

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A surveillance photograph of the Fujian shows no sign of carrier-based aircraft on the vessel’s flight deck during the transit. Photo: Taiwanese Ministry of National Defence
China property

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

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Hong Kong stock market

Hong Kong stocks rebound as investors reassess US rate-cut outlook

Hang Seng Index swings as odds of a US Federal Reserve rate cut in January now stand at nearly 26 per cent.

MetaX

MetaX stock soars 700% in Shanghai debut as traders snap up Chinese GPU maker

MetaX closes at 829.90 yuan on Wednesday, from its IPO price of 104.66 yuan, after gaining as much as 755 per cent in intraday trading.

People learn about the AI computing power cabinet equipped with MetaX C600 general-purpose GPU chip at the 2025 World Artificial Intelligence Conference in Shanghai. Photo: Getty
IPO

Biren Technology’s Hong Kong IPO gets go-ahead from Beijing

Shanghai-based Biren plans to float about 372 million shares on the Hong Kong stock exchange.

Biren Technology is expected to raise about US$300 million from its Hong Kong listing, according to Chinese media reports. Photo: Handout
IPO

MetaX set for Shanghai debut amid frenzy over AI chip stocks, Nvidia uncertainty

The Shanghai-based graphics processing unit designer plans to raise US$596 million from the sale of 40.1 million shares.

Banking & finance

Opinion | Global finance is quietly moving east

The IMF’s Shanghai Centre will not alter global finance overnight but shows that Asia’s voice in shaping international financial norms is growing louder.

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Made in China 2025

Chinese biotech Scizeng’s global licensing deal to yield up to US$1.44 billion

Yarrow Bioscience gets exclusive global rights for the GenSci098 therapy to treat thyroid eye disease and Graves’ disease.

A number of Chinese biotech firms have clinched licensing deals with multinational companies this year. Photo: Shutterstock
China's economic recovery

China offers more support to returning overseas students as influx grows

As the number of students coming back to China soars, a new national service platform will help them find work and start businesses.

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China technology

Video | Humanoid robots take centre stage at Shanghai summit

Competitions mainly focused on robotic applications in industrial assembly, home services, flower arranging, healthcare and elderly care, as well as restaurant services.

Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

Andrew Yao speaks at the Global Developer Pioneers Summit in Shanghai. Photo: Handout
Artificial intelligence

Why Nvidia chip is unlikely to derail ambitions of China’s Huawei, Moore Threads

China’s huge demand for AI computing power leaves room for growth for both US and domestic chips, analysts say.

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Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power. Photo: Shutterstock
Art

New Shanghai art exhibitions tackle revolution and climate change head-on.

The Rockbund Art Museum’s ‘The Great Camouflage’ and the 15th Shanghai Biennale offer compelling and refreshing perspectives.

China property

China’s home prices slide further in November as authorities vow to stem decline

China’s years-long housing downturn shows no signs of easing as new home prices fell 0.4 per cent month on month on average in 70 cities.

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China property

Shanghai retail landscape evolves with new malls, shift to experiential shopping

Hang Lung, New World and Swire are renovating and expanding their malls in Shanghai to stay relevant in a competitive environment.

Malls in Shanghai are revamping with new concepts to keep consumers interested. Photo: Reuters
China’s private sector

China’s growing young billionaire class masks innovation hurdles, analysts say

Technological innovation – one of Beijing’s top priorities – is helping to drive wealth creation, report says.

Wang Ning, the 38-year-old founder and CEO of Pop Mart, is one of China’s youngest billionaires.
Electric & new energy vehicles

China’s EV battery giants wade into shipbuilding to bolster Beijing’s dominance

CATL and Gotion add momentum to China’s efforts to build new-energy vessels amid an accelerated decarbonisation drive.

Taiwan

Taipei mayor Chiang Wan-an to attend forum in Shanghai under Taiwan’s watch

Mainland Affairs Council says it must be told of any deviation from itinerary and delegation must gain approval before signing agreements.

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