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The Manus AI agent app is displayed on a mobile phone near the logo of Meta Platforms in this illustration picture taken on April 28, 2026. Photo: Reuters
Artificial intelligence

If it can’t stop the Meta-Manus AI deal, how can Beijing exert its authority?

Case shows US-China competition has expanded beyond chips and models to areas of engineering and product design, analyst says.

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IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

Artificial intelligence

DeepSeek mystery: who is speaking for start-up amid CEO Liang Wenfeng’s absence?

Researcher Chen Deli is emerging as DeepSeek’s new public face as speculation over the whereabouts of the company’s founder and CEO lingers.

DeepSeek’s logo is reflected in the glasses of a student. The company recently released its V4 model. Photo: Getty Images
DeepSeek’s logo is reflected in the glasses of a student. The company recently released its V4 model. Photo: Getty Images
Electric & new energy vehicles

China’s EV and battery makers race to cut charging times to under 10 minutes

Fast-charging technology takes centre stage at the Beijing Auto Show as firms unveil batteries promising unprecedented speed.

Hong Kong company reporting season

WuXi AppTec shares surge 14% in Hong Kong after record first-quarter earnings

The Chinese company’s revenue rose nearly 29 per cent to 12.44 billion yuan, while profit surged about 27 per cent to 4.65 billion yuan.

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Semiconductors

Photonics chipmaker Lightelligence surges 400% in Hong Kong debut amid AI frenzy

Shanghai-based firm’s IPO reflects mainland China’s push for photonics chips as a fast-growing alternative to conventional semiconductors.

Lightelligence says it is the first company to achieve large-scale deployment of hybrid optical-electronic computing globally. Photo: Handout
Lightelligence says it is the first company to achieve large-scale deployment of hybrid optical-electronic computing globally. Photo: Handout
CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

Alibaba

Alibaba gets nod to spin off warehouse park as Reit in logistics pivot

Hong Kong exchange’s approval is first step in plan to list asset on Shenzhen bourse as Beijing encourages Reit listings.

Semiconductors

Chinese optical chipmaker’s profit soars 1,153% on strong AI demand

Yuanjie Semiconductor Technology’s profit gain matches its elevenfold share price increase over the past year.

A silicon wafer sample is on display during the Semicon China semiconductor exhibition in Shanghai on March 25, 2026. Photo: AFP
Electric & new energy vehicles

Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion

Pony AI and WeRide harness China’s supply chain strength to cut costs, boost efficiency and scale robotaxi fleets worldwide.

A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
Electric & new energy vehicles

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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China’s private sector

WuXi AppTec posts record first-quarter revenue on strong global demand

Earnings top estimates as multinational pharmaceutical firms ramp up investment and partnerships in China.

China stock market

China equities set for boost as Trump-Xi meeting raises hopes of thaw

Investors are betting a Trump-Xi summit will ease tensions, helping Chinese equities close their long-standing valuation gap.

Analysts are optimistic that the state visit by US President Donald Trump to China next month could lift sentiment in mainland and Hong Kong equities. Photo: AFP
IPO

China’s solar giant Sungrow revives Hong Kong IPO plan amid clean energy boom

Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.

Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
China’s private sector

Turning cast-offs into cash: China’s Zhuanzhuan looks to Europe, US for growth

From phones to luxury bags, the recycling platform wants to take its ‘trash to treasure’ model global as second-hand demand accelerates.

Moore Threads

Moore Threads posts US$4.3m profit as Nvidia rival surges amid Beijing chip push

Beijing-based GPU maker turns a corner in the first quarter of 2026 after posting a US$16.5 million loss a year earlier.

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Electric & new energy vehicles

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

Li Auto’s flagship L9 SUV is displayed at the ongoing Auto China in Beijing. Photo: Reuters
Li Auto’s flagship L9 SUV is displayed at the ongoing Auto China in Beijing. Photo: Reuters
Zimbabwe

Tianqi Lithium favours China’s salt lakes over Africa amid resource nationalism

In response to Zimbabwe’s export ban, two Chinese companies have promised to build a domestic lithium sulphate plant.

Electric & new energy vehicles

Xpeng sets August goal to overtake Tesla’s self-driving tech in China

Carmaker bets on training AI in China’s dense urban roads to build a competitive advantage for expansion into Europe and Southeast Asia.

China technology

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

Western competitors like GoPro face shrinking footprints as strategic shifts of Chinese firms disrupt the status quo while navigating FCC-led national security bans.

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Illustration: Lau Ka-kuen
Electric & new energy vehicles

Chinese EV makers target global expansion at Auto China amid energy shock

Most carmakers taking part in the exhibition have either debuted models designed for export markets or announced expansion plans.

Xpeng CEO He Xiaopeng speaks at the launch of the Xpeng GX at the Beijing car show on Friday. Photo: AFP
Xpeng CEO He Xiaopeng speaks at the launch of the Xpeng GX at the Beijing car show on Friday. Photo: AFP
Pop Mart

China’s Pop Mart eyes expansion at home and abroad for its Pop Land theme park

The company’s sole theme park in Beijing will launch its upgraded Labubu Forest Zone on Thursday.

Bonds

China opens government bond futures to select foreign investors in reform push

Qualified foreign investors can trade government bond futures, enhancing market access and boosting the yuan’s appeal amid global tensions.

Artificial intelligence

Investors rotate to China’s chipmakers as DeepSeek intensifies AI competition

Efficient new model boosts outlook for computing power demand but pressures valuations of AI application developers.

Investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek. Photo: Shutterstock
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