54 h. ago China’s Akeso gets share boost as data shows cancer drug’s benefits

Shares of Chinese drug firm Akeso – likened by some Western media outlets to artificial intelligence start-up DeepSeek – rose after the company unveiled clinical-trial data showing that its lung-cancer drug outperformed a highly effective existing treatment. The data showed that ivonescimab had “a decisive and strong positive outcome with both significant and clinically meaningful benefits”, Akeso said in a filing with the Hong Kong stock exchange on Monday. The drug, used along with...

Events

3 d. ago Chinese firm thanks ‘sales consultant' Trump as tariff threat spurs orders

A Chinese exporter said it has seen a sudden surge in orders as US humanoid robot makers and artificial intelligence (AI) companies – including industry leader OpenAI – rush to secure critical components amid Washington’s threat to impose an additional 100 per cent tariff on goods from the country. MyActuator, a Suzhou-based manufacturer of intelligent drive modules for humanoid robots, has received more than 1,000 new orders in the past week alone, according to a person familiar with the...

Economics

4 d. ago Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Openings at overseas energy storage operations flood John Yang’s screen anytime he browses recruitment websites, with listed giants and small and medium-sized enterprises (SMEs) alike offering salaries well above those typically found in China’s manufacturing sector. “Job seeking has never felt easier. The only worry is whether the new role could last beyond next year,” joked Yang, Thailand director at a Shenzhen-based energy storage firm. Yang’s experience reflects the recent, rapid overseas...

Economics

4 d. ago Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response, China’s Ministry of Commerce on October 4 imposed export controls on Nexperia’s Chinese subsidiary and its...

Politics

8 d. ago Chinese robotaxi firms Pony.ai, WeRide on road to Hong Kong IPOs

Pony.ai and WeRide, two leading robotaxi operators in mainland China, have taken their first steps towards share offerings on the Hong Kong stock exchange by filing fundraising plans with the securities regulator. They will join a clutch of mainland companies seeking to tap global investors’ growing interest in China’s electric vehicle (EV) industry as the key players accelerate their global expansion plans. According to documents published by the China Securities Regulatory Commission on...

Economics

8 d. ago US warned Dutch Nexperia CEO must go to avoid entity list fallout: court

US officials told their Dutch counterparts that the Chinese CEO of Nexperia “will have to be replaced” for the company to be exempt from Washington’s entity list, newly disclosed court documents show. The disclosure comes after the Dutch government effectively seized control of the semiconductor firm, a subsidiary of the Chinese company Wingtech, forcing a change in management under an obscure law known as the Goods Availability Act. In doing so, the Dutch authorities removed founding CEO Zhang...

Events

8 d. ago EU urged to ‘flex its muscles’ on Chinese tech transfer and rare earths

The European Union is poised to toughen its trade stance towards China, with the bloc set to insist that Chinese investors in Europe transfer technology to local firms, and as it formulates a response to Beijing’s latest restrictions on rare earth exports. Trade chief Maros Sefcovic insisted on Tuesday that the bloc was open to investments from China but only under the right conditions. These conditions include the creation of “real value added” in the EU, the creation of “real jobs”, and that...

Politics

8 d. ago Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say

Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say  Reuters

Economics

8 d. ago China's Ministry of Commerce vows to 'fight to the end' as hawks rise before 4th plenum

China's Ministry of Commerce vows to 'fight to the end' as hawks rise before 4th plenum  digitimes

Politics

9 d. ago Sending a message: Beijing issues documents without Word format amid US tensions

China’s expansion of its rare earth export controls appeared to mark another escalation in the US-China trade war last week. But the announcements were also significant in another way: unusually, the documents could not be opened using American word processing software. For the first time, China’s Ministry of Commerce issued a slew of documents that could be directly accessed only through WPS Office – China’s answer to Microsoft Office – as Beijing continues its tech self-reliance...

Events

9 d. ago Mainland Chinese financial firms seeking strategic Hong Kong base on the rise: Citigroup

A growing number of mainland Chinese financial institutions and international companies have shown interest in establishing regional headquarters in Hong Kong to tap into increasing business opportunities across the region, according to the head of Citigroup’s local unit. Aveline San Pau-len, Citi Hong Kong CEO and head of banking, said many mainland banks and international financial institutions would like Citigroup to help set up their headquarters in the city to serve clients who wanted to...

Economics

1 week ago China’s new rare earth controls will hit global chip supply chain, analysts say

China’s latest export controls on rare earths are expected to have a direct impact on the global semiconductor supply chain, complicating the production of AI and memory chips from major US and South Korean suppliers, according to analysts. On Thursday, China’s Ministry of Commerce imposed a raft of new export controls on rare earth materials critical for the chip manufacturing process. It imposed restrictions on the export of technologies related to rare earth production, such as mining,...

Events

1 week ago Beijing targets consultancy that does teardown reports on Huawei chips

The Chinese government has put a Canadian semiconductor consultancy, which is known for its reverse-engineering analysis of chips to track their source, on a trade blacklist in a sign of a widening tech war with the West. Ottawa-based TechInsights was added to the “unreliable entity list” published by China’s Ministry of Commerce and banned from doing business with the country. Chinese individuals and organisations have been told not to “transmit data or provide sensitive information” to the...

Events

1 week ago China’s rare earth clampdown deepens EU anxiety on industry and Ukraine support

The European Union is “worried” by China’s move to tighten restrictions on rare earth minerals, with senior figures saying the controls will compound the deterioration in trade relations that have only “worsened” since a leaders’ summit in July. On Thursday, China’s commerce ministry announced a sweeping “upgrade” of rare earth licensing requirements that have been in place since April, which will cover the export of technologies used to process the minerals. The move also tightens licensing...

Politics

1 week ago China commerce ministry announces export control on some rare earth equipment, materials

China commerce ministry announces export control on some rare earth equipment, materials  investingLive

Politics

1 week ago China sanctions US defence firms, chip data provider in latest curbs

Beijing has announced sanctions on a slew of Western companies and institutions in the defence sector and a leading semiconductor data analysis provider, marking its latest salvo amid ongoing trade tensions with the United States. Fourteen entities, mostly headquartered in the United States, were added to Beijing’s unreliable entity list on Thursday, banning them from trade and investment in China, according to a statement from the Ministry of Commerce. Among the companies on the list is...

Politics

1 week ago China commerce ministry adds 14 foreign entities to unreliable entity list

China commerce ministry adds 14 foreign entities to unreliable entity list  Reuters

Politics

1 week ago China's Commerce Ministry tightens rules on rare earths exports

China's Commerce Ministry tightens rules on rare earths exports  investingLive

Politics

2 w. ago Zenas Bets $2B+ in Autoimmune Agreement With Chinese Firm InnoCare

Zenas Bets $2B+ in Autoimmune Agreement With Chinese Firm InnoCare  BioSpace

Economics

2 w. ago China vs U.S. again: Chinese hackers target over dozen U.S. law firms, claim reports

China vs U.S. again: Chinese hackers target over dozen U.S. law firms, claim reports  The Economic Times

Economics