10 h. ago US lawmakers urge Pentagon to add DeepSeek, Xiaomi to China military

Nine Republican lawmakers, including several congressional committee chairs, sent a letter this week urging US Defence Secretary Pete Hegseth to add more than a dozen Chinese technology firms to the Pentagon’s list of companies alleged to have links to the Chinese military. The letter, released on Friday after US President Donald Trump signed a US$900 billion military spending bill restricting US investments into Chinese tech, asks the Pentagon chief to place AI firm DeepSeek, smartphone maker...

Events

13 h. ago China’s Sugon unveils new AI infrastructure to rival platforms from Nvidia and Huawei

Chinese supercomputer maker Sugon has launched an advanced artificial intelligence infrastructure for data centres that is expected to rival similar high-performance platforms from Nvidia and Huawei Technologies. Beijing-based Sugon, listed in Shanghai as Dawning Information Industry, on Thursday unveiled its scaleX platform at an event in Kunshan, a city in eastern Jiangsu province. The company claimed that it was China’s first 10,000-card AI supercluster, designed to deliver in excess of 5...

Politics

13 h. ago TikTok seals US deal but core algorithm could still rattle ties with China

TikTok may have dodged a US ban but unresolved questions about its algorithm could remain a source of tension in the broader US-China relationship, according to analysts. ByteDance, the parent company of the social media site, signed a binding agreement this week to divest its US entity into a joint venture controlled by a consortium of American investors, ending years of legal and political uncertainties. TikTok CEO Shou Zi Chew said in an internal memo on Thursday that the deal effectively...

Technology

14 h. ago TikTok reaches new US deal; China’s answer to Nvidia’s A100: 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. TikTok reaches deal on new US venture with American investor group In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. 2. Chinese team builds optical chip...

Politics

14 h. ago US defence policy act overstates ‘China threat’, Beijing says, urges ‘rational’ view

Beijing on Friday accused Washington of using its new US defence policy act to hype up the so-called China threat and interfere in its internal affairs. It also urged Washington to view their relationship “rationally” and refrain from enforcing negative China-related provisions. The latest National Defence Authorisation Act (NDAA), signed into law by President Donald Trump on Thursday, restricts US outbound investment in Chinese technology and curbs federal contracts with Chinese biotechnology...

Events

14 h. ago Nike China sales fall again as company signals strategic reset

Nike China sales fall again as company signals strategic reset  Riviera Radio

Economics

27 h. ago Trump signs defence bill restricting investment in Chinese tech, military firms

US President Donald Trump on Thursday signed a sweeping defence bill that would restrict US outbound investment in Chinese technology and curb federal contracts with Chinese biotechnology companies, amid an uneasy trade truce between Washington and Beijing. The bill, known as the National Defence Authorisation Act (NDAA), cleared both the House of Representatives and Senate earlier this month after months of negotiation. The Senate passed the bill on Wednesday in a 77-20 vote, following its...

Economics

37 h. ago China slams EU subsidy probes as ‘egregious’ and discriminatory

China’s Ministry of Commerce has expressed strong opposition to recent European Union investigations into Chinese companies and vowed to use necessary means to defend their rights. “The European Union has recently launched a series of Foreign Subsidies Regulation (FSR) investigations targeting Chinese enterprises such actions are egregious, with clear targeting and discriminatory intent,” ministry spokesman He Yadong said during a press conference on Thursday. Last week, Brussels launched an...

Events

40 h. ago The Chinese Market, An Insider’s View with Chow Tai Fook, China’s Leading Company

The Chinese Market, An Insider’s View with Chow Tai Fook, China’s Leading Company  Monochrome Watches

Politics

42 h. ago China 'strongly opposes' EU's intensive investigations into Chinese firms

China 'strongly opposes' EU's intensive investigations into Chinese firms  chinadailyasia.com

Economics

62 h. ago Latest Chinese Investments Reshaping Future of U.S. Soybeans

Latest Chinese Investments Reshaping Future of U.S. Soybeans  AGDAILY

Politics

63 h. ago Nvidia Stock Gains. This China Chip Company Jumps 700% as It Takes Aim at AI Leader.

Nvidia Stock Gains. This China Chip Company Jumps 700% as It Takes Aim at AI Leader.  Barron's

Politics

65 h. ago Chinese Investment Firm Funded By Yale and Princeton Buys Slice of Shanghai Tech Company That Works With China's Military

Chinese Investment Firm Funded By Yale and Princeton Buys Slice of Shanghai Tech Company That Works With China's Military  freebeacon.com

Economics

3 d. ago MetaX soars nearly 700% in debut as traders snap up second Chinese GPU maker to go public

MetaX Integrated Circuits soared on its trading debut in Shanghai as investors piled into the second Chinese producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company surged 693 per cent from the offer price to 829.90 yuan at the close on Wednesday on the technology-heavy Star Market, making the five-year-old company the third-best performing...

Politics

3 d. ago Biren Technology’s Hong Kong IPO gets green light as China’s AI chip firms rush to list

Beijing has greenlit Biren Technology’s initial public offering (IPO) in Hong Kong, as more Chinese artificial intelligence chip designers rush to go public amid heightened investor interest in these stocks. Biren, which designs high-performance graphics processing units (GPUs), received regulatory approval to list on the Hong Kong stock exchange, according to a China Securities Regulatory Commission filing on Monday. This was expected to put the company on track to become the first GPU...

Economics

3 d. ago MetaX set for Shanghai debut amid market frenzy over AI chip stocks, Nvidia uncertainty

Chinese artificial intelligence chip designer MetaX Integrated Circuits will make its trading debut in Shanghai on Wednesday, according to a filing late on Monday, more than a week after industry peer Moore Threads Technology’s stellar listing on the city’s Star Market. Founded in Shanghai in September 2020 by former engineers at Advanced Micro Devices, MetaX priced its initial public offering at 104.66 yuan per share, which was expected to raise 4.2 billion yuan (US$596 million) from the sale...

Economics

3 d. ago 31% of Hong Kong firms to boost hiring next quarter but AI threatens junior jobs

Nearly one-third of Hong Kong companies plan to increase hiring in the next three months, while professional, scientific and technical services are likely to cut staff, especially junior positions, amid the widespread adoption of artificial intelligence, a survey has found. Human resources solutions company ManpowerGroup Greater China released its findings on Tuesday, after surveying 506 Hong Kong businesses in November. The survey found that 31 per cent of businesses – particularly in...

Events

3 d. ago Chinese biotech Scizeng’s global licensing deal to yield up to US$1.44 billion

A Chinese biopharmaceutical firm has sealed a global licensing deal valued at up to US$1.44 billion, the second in a week, as a wave of cross-border tie-ups shows no sign of abating despite headwinds from the US Biosecure Act. Shanghai Scizeng Medical Technology, a unit of Changchun High-Tech Industry, has agreed to grant US-based Yarrow Bioscience exclusive global rights to develop, manufacture and commercialise GenSci098, an injectable therapy for thyroid eye disease and Graves’ disease, both...

Economics

5 d. ago China orders local governments to settle company bills by end of year

China has set a deadline for local governments to settle outstanding payments owed to companies, calling it essential for improving the country’s business environment amid an economic slowdown. All arrears below 500,000 yuan (US$70,870) must be cleared by the end of the year, said Xiao Weiming, deputy secretary general of the National Development and Reform Commission, the country’s top economic planner. “The biggest step in improving the business environment right now is clearing the...

Politics

6 d. ago Feds Accuse Texas Company Of Sending American AI Tech To China

Feds Accuse Texas Company Of Sending American AI Tech To China  SlashGear

Politics