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Start-ups

Start-ups
Articles about early-stage companies; pre-IPO, including those still being funded by angel investors, private equity or venture capitalists.
Biren’s IPO has attracted 23 cornerstone investors, including major asset management firms, domestic mutual funds and insurers. Photo: Handout
IPO

Chinese GPU maker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

The company, which is selling 247.7 million shares between HK$17 and HK$19.60 each, will become the first listing of 2026 on January 2.

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Artificial intelligence

SenseTime pushes open-source AI model to provide a ‘smart brain’ for every robot

Robotics

CATL marks trailblazing deployment of humanoid robots at scale in China plant

Artificial intelligence

Xiaomi launches open-source model to compete against DeepSeek, OpenAI systems

MiMo-V2-Flash ‘particularly excels in reasoning, coding and agentic scenarios’, Xiaomi says.

Xiaomi’s open-source AI model, MiMo-V2-Flash, is available on the company’s developer site MiMo Studio, Hugging Face and the API Platform. Photo: Shutterstock
Artificial intelligence

OpenAI in talks to raise US$10 billion from Amazon and adopt Trainium chips

The deal is under discussion could value OpenAI upwards of US$500 billion, a source said.

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.

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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
US-China tech war

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.

United States

China’s AI sector poised for growth despite US restrictions: venture capitalist

China’s AI sector gains confidence with DeepSeek’s emergence, but tech ecosystem needs to improve, GSR United Capital’s Zhou Qi says.

Made in China 2025

China’s Unitree teases platform allowing users to control robots via smartphones

Hangzhou robotics unicorn’s platform is designed to bring embodied intelligence into everyday life.

Unitree Robotics is preparing for a listing on Shanghai’s Nasdaq-style Star Market. Photo: Handout
Artificial intelligence

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.

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Illustration by Lau Ka-kuen
China-Africa relations

Entrepreneurs vie for Africa’s Business Heroes titles in start-up bonanza

Record 32,000 applications from 54 nations vie for seventh Africa’s Business Heroes awards to recognise 100 start-ups over 10 years.

Artificial intelligence

China’s Xreal to power Google’s Android AI glasses as smart eyewear demand grows

Project Aura, which features dual-chip design and optical see-through lenses, is a fresh example of China’s expanding R&D capabilities.

Robotics

China’s Deep Robotics raises US$70 million as sector draws more investors

Company founder Zhu Qiuguo says the new funding would be used for research and the recruitment of top robotics talent.

Deep Robotics’ LYNX M20 quadruped robot is designed to support logistics and delivery operations. Photo: Handout
Artificial intelligence

Chinese open-source models account for 30% of global AI use: report

Producing globally competitive models makes China a close peer of the US in AI development.

Open-source AI models from Alibaba Cloud’s Qwen and DeepSeek are driving the international adoption of Chinese large language models. Photo: Shutterstock
Made in China 2025

China’s Pudu Robotics rolls out overseas charm offensive with robot dog

Quadruped dubbed D5 from Pudu – founded by former HKUST engineering student Felix Zhang – draws crowds at Tokyo expo.

Artificial intelligence

Can China fund its AI push? Ex-Google CEO Eric Schmidt casts doubt

Capital from the government and Big Tech firms is set to make up for any lack of market-driven capital, analysts say.

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Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

View of Hong Kong’s Victoria Harbour. Photo: Shutterstock
Robotics

Shenzhen robotics start-up Daimon secures China Mobile backing for AI push

Daimon Robotics, co-founded by HKUST professor Wang Yu, received a fresh injection of funds from the mobile operator’s Lianchang Fund.

Artificial intelligence

OpenAI CEO declares ‘code red’ to improve ChatGPT as rivals move in

The call comes after Google released its Gemini 3 AI model last month that gained praise for its capacity to reason and code.

Robotics

Tsinghua University sets up research institute in push for robotics talent

The Institute for Embodied Intelligence and Robotics will be led by Zhang Tao, director of the university’s automation department.

Tsinghua University’s Institute of Embodied AI and Robotics will integrate resources from its different schools. Photo: Shutterstock
Robotics

Chinese schools offer ‘embodied intelligence’ courses to aid robotics industry

Shanghai Jiao Tong University and Zhejiang University are among seven schools that plan to offer ‘embodied intelligence’ as a new major.

Beijing Institute of Technology plans to recruit 120 students for the first batch of the embodied intelligence course. Photo: Shutterstock
Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Artificial intelligence

DeepSeek releases first open AI model with gold-level scores at maths olympiad

‘Imagine owning the brain of one of the best mathematicians in the world for free,’ Hugging Face CEO Clement Delangue says in a post on X.

Wealth: Alternative Investments

Could investing in China’s AI industry prove more lucrative than the US’?

Amid US fears of an AI bubble, experts argue that China’s home-grown innovation offers robust growth opportunities for investors.

Supported by
BNP Paribas Wealth Management
Visitors watch robots fight at the World Artificial Intelligence Conference in Shanghai, in July. Photo: EPA
Artificial intelligence

US, Chinese firms add AI shopping bells and whistles to dominate all-in-one apps

OpenAI’s new ‘shopping research’ tool resembles popular AI shopping services on Chinese e-commerce platforms like Tmall and Taobao.

Leading US and Chinese artificial intelligence firms are ramping up integration of e-commerce solutions in their flagship consumer products in the race to become the “everything app” of the future. Photo: Handout
Robotics

China’s robotics twin stars join national committee to shape industry standards

Unitree’s Wang Xingxing and AgiBot’s Peng Zhihui have been appointed to the Standardisation Technical Committee for Humanoid Robots.

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Hong Kong economy

Hong Kong’s Paul Chan to lead delegation to Italy to showcase tech, boost trade

Science Park to invite eight tech start-up companies to attend Trade Development Council’s symposium in Milan.

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