18 h. ago Chipmaker CXMT eyes US$42 billion Shanghai listing, sources say

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering (IPO) in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion), according to two sources briefed on the matter. Founded in 2016 with government backing, CXMT leads China’s strategic push to build a foothold in a global DRAM market long dominated by companies from Japan, South Korea and the United States. China’s leading manufacturer of dynamic...

Economics

26 h. ago China dominates in global market as exports of valuable commodity double in just 1 year: 'Golden September'

China dominates in global market as exports of valuable commodity double in just 1 year: 'Golden September'  Yahoo Finance

Politics

36 h. ago China’s rare earth magnet exports to US plunge 29% as tensions simmer

The decline in China’s exports of rare earth magnets to the United States accelerated in September – a period predating Beijing’s expansion of controls over the flow of the critical minerals – an indication the prized items remain a major battleground in the ongoing trade war between the world’s two largest economies. China’s total exports to the US of the permanent magnets – essential components in manufacturing for several hi-tech industries, including electric vehicles and defence – reached...

Events

48 h. ago China September rare earth magnet exports fall 6% from a seven

China September rare earth magnet exports fall 6% from a seven-month high  Reuters

Politics

4 d. ago Chinese EV makers from Leapmotor to Zeekr challenge Tesla in premium segment

Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to challenge Tesla, which has been steadily losing market share on the mainland. Stellantis-backed Leapmotor has become the latest to join the fray against Elon Musk’s Tesla, with founder and CEO Zhu Jiangming describing its decision to move up the value chain as a mission to offer consumers the best EVs at the best prices. “Leapmotor is able to launch higher-end...

Politics

5 d. ago Chinese EV maker Li Auto eyes global market with Hong Kong base

Chinese electric-vehicle (EV) maker Li Auto has set up its international headquarters in Hong Kong, paving the way for its overseas expansion amid intensifying competition at home. The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto,...

Politics

5 d. ago Nexperia’s China plant workers fear being caught in dispute crossfire

Workers at a large Nexperia packaging plant in the southern Chinese city of Dongguan said they are worried about becoming collateral damage in a simmering political dispute between the Netherlands and China that has upended the management of the Dutch semiconductor maker. During a visit by the Post on Thursday, operations at the factory appeared normal even as staff were aware of the power struggle between Nexperia’s Dutch management and its Chinese owner, Wingtech Technology, over control of...

Events

5 d. ago China’s Honor teases ‘Robot Phone’, a new AI handset with gimbal

Honor, the Chinese smartphone maker spun off from Huawei Technologies, on Wednesday teased a concept artificial intelligence-enabled handset featuring a fold-out gimbal-attached camera, as the firm looks to differentiate itself from rival Android device makers in the global market. The “Robot Phone” was unveiled by Honor online in a promotional video that showed the gimbal-stabilised camera unfurl from the back camera module and appear to pivot while tracking its subject’s movement. Honor...

Technology

5 d. ago China’s Honor teases ‘Robot Phone’, new AI handset with gimbal

Honor, the Chinese smartphone maker spun off from Huawei Technologies, on Wednesday teased a concept artificial intelligence-enabled handset featuring a fold-out gimbal-attached camera, as the firm looks to differentiate itself from rival Android device makers in the global market. The “Robot Phone” was unveiled by Honor online in a promotional video that showed the gimbal-stabilised camera unfurl from the back camera module and appear to pivot while tracking its subject’s movement. Honor...

Technology

6 d. ago Chip supply at risk in fight over Nexperia, unit of China’s Wingtech

Nexperia, the European semiconductor subsidiary of Chinese electronics part maker Wingtech, is caught in the crossfire of the US-China tech war and faces an uncertain future amid restrictions from both the Chinese and Dutch governments, according to analysts. The Dutch government has taken over Nexperia, a move that provoked strong opposition from its Chinese owner Wingtech, the Chinese government and players in China’s semiconductor supply chain. They have vowed to fight for control of the...

Events

6 d. ago Chinese arms makers urged to embrace AI technology in weapons development

Chinese arms makers should explore the use of artificial intelligence in the development of weapons to improve efficiency and quality, according to a state-run defence industry magazine. But the article in the latest issue of Modern Weaponry also noted that AI technology had risks and challenges and its use should be approached with caution. “Artificial intelligence will leverage its self-learning capabilities in the development of weapons and equipment, serving as an advisory tool that provides...

Events

7 d. ago DJI appeals inclusion on Pentagon’s ‘Chinese military companies’ list

Chinese drone maker DJI has appealed a US federal court’s decision that it should remain on the Pentagon’s blacklist of companies allegedly linked to China’s military. The Shenzhen-based company filed the appeal on Monday to the US Court of Appeals for the DC Circuit. DJI filed a lawsuit last October, arguing that it is not owned or controlled by the Chinese military and does not contribute to China’s defence industrial base. The drone manufacturer, which sells over half of all US commercial...

Events

7 d. ago China’s EV makers shine in 'Golden September' as exports double, flooding the global market

China’s EV makers shine in 'Golden September' as exports double, flooding the global market  Fortune

Events

8 d. ago China’s exports rebound, military mouthpiece’s PLA vow: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s exports defy expectations in September under weight of trade war uncertainty China’s exports rebounded in September after hitting a six-month low in August, supported by recovering overseas demand and front-loading ahead of the “super golden week” holiday – though the latest flare-up with the United States over the weekend has renewed uncertainty...

Events

8 d. ago China stocks rally to stay on course amid new Trump tariffs threat: Soochow

This year’s intense rally in Chinese stocks will not change course in spite of concerns about a revived trade war between the world’s two largest economies, according to Soochow Securities. The foundation of this round of the global bull market is a weakening US dollar, said Chen Li, CEO and chief global economist at Soochow Securities (Hong Kong), on the sidelines of the firm’s third capital market strategy meeting in Hong Kong on Monday. Chen’s assessment comes as Chinese stocks slumped on...

Politics

8 d. ago China's September exports to Russia show steepest decline in seven months

China's September exports to Russia show steepest decline in seven months  Reuters

Politics

8 d. ago China's exports to the US sink nearly 30% in September as trade truce unravels with new threats of higher tariffs

China's exports to the US sink nearly 30% in September as trade truce unravels with new threats of higher tariffs  ABC News - Breaking News, Latest News and Videos

Events

8 d. ago China September exports beat expectations, imports rise at fastest pace since April 2024

China September exports beat expectations, imports rise at fastest pace since April 2024  CNBC

Politics

8 d. ago China’s rare earth exports fall sharply in September By Reuters

China’s rare earth exports fall sharply in September By Reuters  Investing.com

Politics

9 d. ago China’s exports defy expectations in September under weight of trade war uncertainty

China’s exports rebounded in September after hitting a six-month low in August, supported by recovering overseas demand and front-loading ahead of the “super golden week” holiday – though the latest flare-up with the United States over the weekend has renewed uncertainty over the economic outlook. Outbound shipments rose 8.3 per cent year on year to US$328.6 billion last month, customs data showed on Monday. The figure was higher than August’s 4.4 per cent – which was the lowest growth since...

Events