3 d. ago Zhipu AI breaks US chip reliance with first major model trained on Huawei stack

Chinese artificial intelligence firm Zhipu AI said its new image generation model was trained on chips from Huawei Technologies, making it the first powerful open-source model to be developed on an entirely domestic training stack. The Beijing-based company, fresh off its Hong Kong initial public offering, said on Wednesday that the achievement proved the feasibility of developing powerful multimodal models without US semiconductors, as Beijing pushes for self-reliance in China’s AI industry...

Politics

4 d. ago Qwen boss says Chinese AI models have 'less than 20%' chance of leapfrogging Western counterparts — despite China's $1 billion AI IPO week, capital can't close the gap alone

Qwen boss says Chinese AI models have 'less than 20%' chance of leapfrogging Western counterparts — despite China's $1 billion AI IPO week, capital can't close the gap alone  Tom's Hardware

Economics

4 d. ago China could close technology gap with US despite chip constraints

China could close technology gap with US despite chip constraints  New Electronics

Politics

4 d. ago Chinese chain Qdama, known for its night discounts, plans Hong Kong IPO

Chinese chain Qdama, known for its night discounts, plans Hong Kong IPO  South China Morning Post

Politics

4 d. ago How Japan’s capital put a lid on crow chaos with a ‘simple’ fix

For years, Tokyo residents woke to the sound of crows ripping open rubbish bags, the city’s backstreets strewn with the remains of last night’s dinners. Today those scenes have mostly disappeared, thanks to a 25-year campaign to curb the crow population. A survey conducted in December showed the number of crows in Japan’s capital had fallen to less than 20 per cent of its early-2000s peak. City officials and bird experts say the success stems from a mix of civic discipline, careful waste...

Events

5 d. ago China AI, chipmaking stocks extend rally as IPO boom boosts sentiment

China AI, chipmaking stocks extend rally as IPO boom boosts sentiment  Investing.com

Politics

6 d. ago How Hong Kong’s AI IPO surge supports China’s economic strategy

Hong Kong has started 2026 with a wave of IPOs driven by artificial intelligence (AI), led by the recent listing of Chinese chipmaker Biren Technology. Beyond the revival of market activity, the surge points to a clearer strategic direction. China is increasingly using Hong Kong as an offshore capital platform for funding priority technologies – at a time when geopolitics is reshaping where innovation can be financed and how international capital can be accessed. This repositioning aligns...

Economics

6 d. ago Opinion | How Hong Kong’s AI IPO surge plays into China’s economic strategy

Opinion | How Hong Kong’s AI IPO surge plays into China’s economic strategy  South China Morning Post

Economics

7 d. ago China AI Leaders Warn of Widening Gap With US After $1B IPO Week

China AI Leaders Warn of Widening Gap With US After $1B IPO Week  Bloomberg.com

Events

9 d. ago 3 Chinese tech stocks gain in Hong Kong debuts as investors jump on AI, robotics

Chinese start-up Zhipu AI headlined a trio of technology new listings in Hong Kong on Thursday, in a key test of investor confidence in China’s AI industry as it goes head to head with US giants. Shares of the Beijing-based company rose 3.3 per cent to HK$120 at the open from the initial public offering (IPO) price of HK$116.20, valuing the company at HK$52.83 billion (US$6.76 billion). Zhipu raised HK$4.35 billion as it became the first pure-play Chinese developer of AI large language models to...

Economics

9 d. ago China’s OpenAI Rival Zhipu Debuts in HK After $558 Million IPO

China’s OpenAI Rival Zhipu Debuts in HK After $558 Million IPO  Bloomberg.com

Economics

1 week ago Tesla’s China sales hit monthly record as EV buyers race to beat tax increase

Tesla’s deliveries in China jumped to an all-time high in December, buoyed by a buying spree before the government withdrew part of a tax incentive. But the US carmaker is still facing an uphill battle to reclaim its once-secure lead in the world’s largest electric vehicle (EV) market amid a stern challenge from local rivals. In December, Tesla’s Gigafactory in Shanghai delivered about 94,000 Model 3 and Model Y vehicles to mainland Chinese customers, 13.4 per cent higher than the previous...

Economics

1 week ago Another Chinese quant fund joins DeepSeek in AI race with model rivalling GPT

Another Chinese quantitative trading firm has entered the race to develop large language models (LLMs), unveiling systems it claims can match – and in some cases surpass – the performance of US rivals such as OpenAI’s GPT-5.1, following the global rise of DeepSeek. Beijing-based Ubiquant said it released a series of open-source code-focused LLMs last week that outperformed leading closed-source models on multiple benchmarks despite using far fewer parameters. The IQuest-Coder-V1 family is...

Politics

1 week ago The ‘biology winter’ thaws: why investors are piling into Hong Kong’s biotech IPOs

Hong Kong’s biotech fundraising momentum is expect to extend into 2026, as licensing deals and strong post-initial public offering (IPO) trading last year persuaded investors that China’s drug developers are worth backing again – even before they generate revenue. “Chinese innovation drugs expanding into overseas markets have become the industry mainstream, indicating the domestic innovation sector has entered its harvest phase,” said Felix Huang, head of equity at Oakwise Capital. “New trends...

Economics

2 w. ago LandSpace Wins Nod for $1 Billion IPO Amid China’s Space Ambitions

LandSpace Wins Nod for $1 Billion IPO Amid China’s Space Ambitions  Caixin Global

Economics

2 w. ago Baidu chip unit Kunlunxin files for Hong Kong IPO amid China’s push for tech self

Baidu’s artificial intelligence chip subsidiary Kunlunxin (Beijing) Technology has confidentially applied for an initial public offering (IPO) in Hong Kong, as the search and AI giant becomes the latest to join an investment frenzy amid China’s drive for tech self-reliance. The Kunlunxin prospectus was submitted on Thursday but details such as the size and structure of the IPO had not yet been finalised, Baidu said in a statement on Friday. Baidu’s Hong Kong-listed shares rose 7.5 per cent to...

Politics

2 w. ago China's LandSpace targets $1 billion IPO in reusable rocket tech push

China's LandSpace targets $1 billion IPO in reusable rocket tech push  Yahoo Finance

Economics

2 w. ago China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on the Nasdaq-style Star Market, a filing on the bourse’s website showed on Tuesday night. This marks a critical step towards...

Economics

2 w. ago Airbus scores major win in China with orders for 145 A320 aircraft

European aviation giant Airbus won another two major orders from Chinese clients for a total of 90 A320neo aircraft on Tuesday, just a day after receiving orders for 55 passenger jets of the same model from two other Chinese airlines. The orders came weeks after Airbus’ CEO accompanied French President Emmanuel Macron on a state visit to China and mark a big win for the European manufacturer over its American competitor Boeing in one of the world’s biggest aviation markets. Air China, Beijing’s...

Transport

2 w. ago Airbus scores major win in China with orders for 148 A320 aircraft

European aviation giant Airbus won another two major orders from Chinese clients for a total of 90 A320neo aircraft on Tuesday, just a day after receiving orders for 55 passenger jets of the same model from two other Chinese airlines. Also on Tuesday, China Express Airlines announced it was purchasing three A320 planes at a list price of between US$390 million and US$420 million. The orders came weeks after Airbus’ CEO accompanied French President Emmanuel Macron on a state visit to China and...

Transport