13 h. ago HKEX vets 300 listing applications after city ascends as world’s top IPO market

Bourse operator Hong Kong Exchanges and Clearing (HKEX), which topped this year’s global rankings as the largest initial public offering (IPO) market, said the city continued to see strong momentum, as it vets hundreds of new listing applications. Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than 300 companies in the listing pipeline, which would ensure another strong quarter for fundraising in the city. “International investors have been...

Economics

5 d. ago Alibaba Cloud claims to slash Nvidia GPU use by 82% with new pooling system

Alibaba Group Holding has introduced a computing pooling solution that it said led to an 82 per cent cut in the number of Nvidia graphics processing units (GPUs) needed to serve its artificial intelligence models. The system, called Aegaeon, was beta tested in Alibaba Cloud’s model marketplace for more than three months, where it reduced the number of Nvidia H20 GPUs required to serve dozens of models of up to 72 billion parameters from 1,192 to 213, according to a research paper presented this...

Politics

5 d. ago A token of intent: Doubao’s data surge cements ByteDance’s AI ambitions

Chinese tech giant ByteDance has more than doubled the number of tokens processed by its flagship Doubao large language models (LLMs) in the past six months, highlighting a surge in artificial intelligence use among Chinese consumers and placing it among the top global hyperscalers. Doubao’s average daily token usage jumped from 12.7 trillion tokens in March to over 30 trillion tokens in September, ByteDance’s Volcano Engine cloud unit president, Tan Dai, said at a corporate event on...

Politics

7 d. ago How China can position its K visa for success in race for global tech talent

Could China’s new K visa reshape the global competition for top talent? Beijing certainly aims to do just that. Officially rolled out this month, the visa is aimed at young foreign professionals in the science, technology, engineering and mathematics (STEM) fields. It targets graduates and professionals with at least a bachelor’s degree in STEM from recognised institutions or engaged in relevant education or research. Unlike other Chinese visas for employment or research, the K visa does not...

Politics

2 w. ago China Holds 15% of Global AI Firms as Industry Value Tops RMB 900 Billion

China Holds 15% of Global AI Firms as Industry Value Tops RMB 900 Billion  TechNode

Economics

2 w. ago China’s Tsinghua University tops multiple global rankings for computer science

China’s Tsinghua University has emerged as the world’s top institution in computer science across multiple major global rankings, marking a symbolic shift in a field once dominated by American universities. For the first time, Tsinghua now leads lists ranging from the widely recognised US News Best Global Universities to CSRankings, a system seen as rigorously academic and historically US-centric within the research community. In the latest CSRankings results – which weigh institutions by...

Politics

3 w. ago Hong Kong has the momentum, now it needs to build global trust

Hong Kong has once again displayed its resilience. The city retained its No 3 ranking in the Global Financial Centres Index, just behind New York and London, while initial public offerings surged eightfold in the first half of 2025. For the first time since 2019, Hong Kong held the top spot in global IPO fundraising. The city clearly still matters in global finance. However, Chief Executive John Lee Ka-chiu’s policy address, while ambitious, was short on specifics. It promised growth in finance,...

Politics

3 w. ago How Hong Kong can lean into its strengths to regain the world’s trust

Hong Kong has once again displayed its resilience. The city retained its No 3 ranking in the Global Financial Centres Index, just behind New York and London, while initial public offerings surged eightfold in the first half of 2025. For the first time since 2019, Hong Kong held the top spot in global IPO fundraising. The city clearly still matters in global finance. However, Chief Executive John Lee Ka-chiu’s policy address, while ambitious, was short on specifics. It promised growth in finance,...

Politics

3 w. ago Hong Kong’s huge year of IPOs continues, with annual crown likely

Funds raised from new share sales in Hong Kong jumped 221 per cent in the first nine months of 2025, strengthening the local stock exchange’s grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of 66 companies raised US$23.27 billion on the main board of the Hong Kong stock exchange during the first nine months, according to data released on Tuesday by the London Stock Exchange...

Politics

3 w. ago China’s US ambassador chides Washington for ‘closing doors’, enacting tariffs

Beijing’s top US envoy on Monday presented China as a global leader in globalisation and multilateralism, taking a jibe at Washington for “closing doors” as the US under President Donald Trump imposes hefty unilateral tariffs on countries around the world and tightens its visa policies. Characterising China and the US as “two main builders of the post [second world war] international order”, and celebrating the economic relationship that grew once Washington reestablished official relations with...

Politics

3 w. ago China’s DeepSeek unveils experimental version of its AI foundation model

Chinese artificial intelligence start-up DeepSeek has launched an “experimental” version of its V3 foundation model ahead of the country’s National Day holiday, as the Hangzhou-based company accelerates its product releases. On Monday, DeepSeek released V3.2-Exp and open-sourced it on developer platforms Hugging Face and Alibaba Group Holding-backed ModelScope. According to DeepSeek, this model enhanced training and inference efficiency while reducing application-programming-interface costs by...

Politics

3 w. ago Alibaba model tops global AI rankings as Chinese open systems flourish

Alibaba Group Holding’s new Qwen3-Omni multimodal artificial intelligence system has quickly become the most popular model in the world’s largest open-source AI community, challenging closed systems from OpenAI and Google while underscoring the growing popularity of Chinese open AI systems. Qwen3-Omni-30B-A3B, a variant from the Qwen3-Omni series, ranked top on Hugging Face’s trending model list as of Monday, followed by image editing model Qwen-Image-Edit-2509. Alibaba owns the Post. Alibaba’s...

Politics

4 w. ago Alibaba to open new data centres; unveils most powerful AI model

Alibaba to open new data centres; unveils most powerful AI model  Reuters

Politics

4 w. ago Alibaba challenges OpenAI and Google with new multimodal AI model

Alibaba Group Holding on Tuesday unveiled a suite of new artificial intelligence models, including a multimodal system rivalling OpenAI’s GPT-4o and Google’s popular “Nano Banana” image editor, intensifying both domestic and international competition in the field. Chief among the new releases was Qwen3-Omni, a flagship multimodal model akin to OpenAI’s GPT-4o launched in May 2024. The Alibaba model is designed to process a combination of text, audio, image and video inputs and respond with text...

Politics

last month Proya Cosmetics: China’s beauty powerhouse sets sights on Global Top 10

Proya Cosmetics: China’s beauty powerhouse sets sights on Global Top 10  Premium Beauty News

Politics