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HashKey executives and other exchange and government officials at the gong-striking ceremony to mark the company’s trading debut on the Hong Kong stock exchange on Wednesday. Photo: Karma Lo

Banking & Finance

HashKey shares debut flat in Hong Kong amid bitcoin bear market

The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised US$206 million in the city’s first crypto-native IPO.

MetaX stock soars 569% in Shanghai debut as traders snap up GPU maker

China’s new drug insurance: lifeline for patients or squeeze on big firms?

Tech

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

US start-up Gloo’s Flourishing AI Christian benchmark tested how the output of AI models ‘help people flourish’, CEO Pat Gelsinger said.

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The questions in FAI-C were reviewed by a panel of Biblical experts, including theologians, pastors, psychologists and scholars of ethics. Photo: SCMP
The questions in FAI-C were reviewed by a panel of Biblical experts, including theologians, pastors, psychologists and scholars of ethics. Photo: SCMP

Tech Trends

Rapid advances in China’s AI video space lead to widespread tech adoption

Cutting-edge tools from Shengshu, Kuaishou, Alibaba Cloud and SenseTime transform content creation for marketers and creators alike.

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Tech

AMD chief Lisa Su visits Lenovo in Beijing as US hints at easing chip curbs

Su’s visit to China – including a whistle-stop at Lenovo’s headquarters – comes as Washington signals a shift on export restrictions.

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China Business

Xpeng, Li Auto given approval to test ‘hands-off’ L3 cars amid slowing market

Deregulation to legalise L3 technology represents a leap forward in commercialising autonomous driving systems in China.

A Li Auto vehicle draws crowds at the Beijing International Automotive Exhibition, April 25, 2024. Photo: Reuters
A Li Auto vehicle draws crowds at the Beijing International Automotive Exhibition, April 25, 2024. Photo: Reuters

Tech Trends

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.

Tech Trends

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.

China Business

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 Business

Beijing approves first L3 autonomous cars in leap towards ‘hands-off’ driving

The cars, both pure EVs, can only navigate urban streets and highways in designated areas, according to the ministry.

The Baidu-BAIC Arcfox robotaxi is seen on the road. Photo: Shutterstock Images
The Baidu-BAIC Arcfox robotaxi is seen on the road. Photo: Shutterstock Images

Tech

China fintech giant Ant upgrades AI health app to tap eldercare, wellness demand

App AQ integrates Apple and Huawei devices, adds family health profiles and smart reminders to boost user engagement.

Tech Trends

ByteDance dominates China’s tech hiring as AI talent demand surges

ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.

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Tech War

Huawei’s Kirin 9030 processor shows China’s chip progress despite US curbs

Despite ‘meaningful density improvements’ in its N+3 process, SMIC’s capabilities are still behind leading chipmakers TSMC and Samsung.

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The Kirin 9030 chip was unveiled with the launch of Huawei’s Mate 80 series smartphones in November. Photo: Handout

Big Tech

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

Big Tech

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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Big Tech

Kimi developer Moonshot shows China’s growing AI depth: US government report

Washington’s evaluation highlights an increasing number of Chinese companies developing world-leading open-weight AI models, not just DeepSeek.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

How Huawei and DeepSeek are tending the garden of China’s AI aspirations

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Big Tech

China’s DeepSeek challenges Google DeepMind with new AI model

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A shop advertising DeepSeek in Hong Kong. Photo: Universal Images Group via Getty Images

China Business

MetaX stock soars 569% in Shanghai debut as traders snap up GPU maker

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

China Business

China’s new drug insurance: lifeline for patients or squeeze on big firms?

The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock

Tech

AMD chief Lisa Su visits Lenovo in Beijing as US hints at easing chip curbs

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AMD’s Lisa Su visits Beijing. Photo: Sina

Tech Trends

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

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

Opinion | How China can help Africa build human capital

Winston Mok
James David Spellman

Opinion | Why 2026 will be the year AI hype collides with reality

James David Spellman
Andrew Sheng

Opinion | Age of AI holds both promise and peril

Andrew Sheng
Jeffrey Wu

Opinion | Why the real AI race is within China and not across the Pacific

Jeffrey Wu
Ningrong Liu

Opinion | The bright side to US-China decoupling and global self-reliance drives

Ningrong Liu
Brian P. Klein

Opinion | Will AI kill the middle class?

Brian P. Klein
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MULTIMEDIA
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
Video

Australia’s under-16 social media ban due to take effect

dsfewd
02:58
Video

Chinese firm unveils new lightweight AI glasses

New AI glasses
01:56
Video

China’s ‘Goddess of Wealth’ jailed for over 11 years by UK court

China cryptoqueen jailed for more than 11 years by UK court over US$6.4 billion bitcoin fraud
02:26
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TRENDING TOPICS
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