6 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

10 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

10 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

24 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

34 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

38 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

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

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

Politics

61 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

2 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

6 d. ago Expert says Chinese investment in Iran difficult under sanctions, but possible with determination

Expert says Chinese investment in Iran difficult under sanctions, but possible with determination  Tehran Times

Politics

9 d. ago China’s sovereign wealth fund reveals it opened London office after Trump win

China’s flagship sovereign wealth fund has revealed that it opened a representative office in London shortly after Donald Trump’s victory in last year’s US presidential election, a move made amid increased scrutiny of Chinese investments in the United States. The London office was officially registered in December 2024, with the mission of “advancing the company’s overseas investment business” and “promoting cross-border investment cooperation”, China Investment Corporation (CIC) said in its...

Politics

9 d. ago AI race comes down to power and data centres – and China has the edge, says unicorn hunter

China is likely to overtake the United States in artificial intelligence within a decade because of its faster buildout of the power and data-centre infrastructure that AI relies on, according to a veteran Chinese investor. “It’s much easier [for China] to catch up on algorithms and AI models than [for the US] to build up the data centres and power plants [that run AI],” said Allen Zhu Xiaohu, managing director at GSR Ventures, on a recent podcast. “AI competition is really a competition in data...

Politics

9 d. ago China’s Deep Robotics raises US$70 million as sector draws more investors

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company’s statement, its latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom. Deep Robotics founder and CEO Zhu Qiuguo, who also serves as...

Economics

9 d. ago China’s Deep Robotics raises US$70 million in fresh funds as sector draws more investors

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company’s statement, its latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom. Deep Robotics founder and CEO Zhu Qiuguo, who also serves as...

Economics

1 week ago Chinese Biotech, Investments Are on Track to Face New US Curbs

Chinese Biotech, Investments Are on Track to Face New US Curbs  Bloomberg.com

Politics

2 w. ago French President urges more Chinese investment and balanced trade

French President urges more Chinese investment and balanced trade  Investment Monitor

Politics

2 w. ago ‘Blue ocean market’: why Brazil is becoming a magnet for Chinese investment

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In early November, the chairman of one of China’s top construction machinery makers was spotted touring potential factory sites in Piracicaba, a city in...

Economics

2 w. ago Why China sees Brazil as ‘last untapped blue ocean market’ for investment boom

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In early November, the chairman of one of China’s top construction machinery makers was spotted touring potential factory sites in Piracicaba, a city in...

Economics

2 w. ago As Macron eyes China deals to revive industry, trade shows tables have turned

French President Emmanuel Macron has called on Chinese companies to invest in France and transfer know-how in emerging sectors like batteries, electric vehicles (EVs) and solar panels – highlighting growing concerns over the widening technological gap between the two countries. “We want to welcome more Chinese investment through projects and re-industrialisation strategies, and this is what will allow us to break the cycle we’re currently in,” he said on Thursday in Beijing, where he attended a...

Politics