6 d. ago Hong Kong stocks edge higher on tech and pharmaceutical gains

Hong Kong stocks edged higher on Monday, lifted by gains in technology and biopharmaceutical shares that helped push the benchmark index up. The Hang Seng Index rose 0.3 per cent to 26,308.4 as of 9.45am, the Hang Seng Tech Index rose 0.7 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index rose 0.2 per cent. Chinese delivery giant Meituan led the tech share gains by rallying 4.2 per cent to HK$102.60. Kuaishou Technology, the short-video platform...

Politics

6 d. ago Hong Kong stocks edge higher on tech gains and stabilising China inflation data

Hong Kong stocks edged higher on Monday, lifted by gains in technology shares and stabilising China inflation data. The Hang Seng Index rose 0.9 per cent to 26,456.22 at the noon break, while the Hang Seng Tech Index climbed 2.1 per cent. On the mainland, the CSI 300 Index advanced 0.4 per cent and the Shanghai Composite Index gained 0.7 per cent. Chinese delivery giant Meituan led the tech share gains by rallying 7.3 per cent to HK$105.70. Kuaishou Technology, a short-video platform operator,...

Economics

1 week ago Alibaba’s Amap muscles up on ‘world models’ in push beyond text

Amap, the mapping and navigation arm of Alibaba Group Holding, is stepping up research into “world models” – systems designed to simulate real-world environments – as the tech giant pushes deeper into embedding artificial intelligence across its services. The unit planned to launch a new product based on its FantasyWorld model, which was developed by the Alibaba Amap Computer Vision Lab and released in September, according to Shanghai Securities News. Alibaba did not immediately respond to a...

Politics

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 Mark Zuckerberg's Meta is dropping over $2 billion for an AI startup—a rare example of a U.S. tech giant buying a platform founded in China

Mark Zuckerberg's Meta is dropping over $2 billion for an AI startup—a rare example of a U.S. tech giant buying a platform founded in China  Fortune

Economics

2 w. ago China's latest giant panda base opens to public, blending tech with conservation

China's latest giant panda base opens to public, blending tech with conservation  ecns.cn

Politics

2 w. ago ByteDance’s Volcano Engine lands exclusive AI cloud slot at Spring Festival Gala

Volcano Engine, the cloud computing unit of Chinese tech giant ByteDance, said on Monday it has secured an “exclusive AI cloud partnership” with the Spring Festival Gala – a marquee slot that underlines the company’s ambition to turn its artificial intelligence cloud business into a national-scale platform. Volcano Engine said the deal – built on “cutting-edge multimodal large models and cloud computing technologies” – would see it “play a pivotal role in broadcasting, online interactions and...

Culture

3 w. ago Chinese EV battery giant CATL and Guoxin Micro set up a new automotive chip firm

Contemporary Amperex Technology (CATL), the world’s largest maker of electric vehicle batteries, has partnered with semiconductor developer Unigroup Guoxin Microelectronics to form a new automotive chip firm in Beijing. CATL-owned Wending Investment, Guoxin Micro subsidiary Tongxin Micro and five affiliates have agreed to establish Tongxin Micro Technology with a registered capital of 300 million yuan (US$43 million), according to a Thursday filing to the Shenzhen Stock Exchange. With its 153...

Politics

3 w. ago Chinese EV battery giant CATL and Guoxin Micro set up new automotive chip firm

Contemporary Amperex Technology (CATL), the world’s largest maker of electric vehicle batteries, has partnered with semiconductor developer Unigroup Guoxin Microelectronics to form a new automotive chip firm in Beijing. CATL-owned Wending Investment, Guoxin Micro subsidiary Tongxin Micro and five affiliates have agreed to establish Tongxin Micro Technology with a registered capital of 300 million yuan (US$43 million), according to a Thursday filing to the Shenzhen Stock Exchange. With its 153...

Politics

3 w. ago Semiconductors: ASML, the tech giant at the center of the US

Semiconductors: ASML, the tech giant at the center of the US-China conflict in the race for AI  Le Monde.fr

Politics

3 w. ago China’s Xiaomi rejects claims of military ties after US lawmakers’ appeal to Pentagon

Chinese tech giant Xiaomi on Tuesday rejected calls by a group of US lawmakers to add it to a Pentagon list of companies alleged to have links with China’s military, describing the move as baseless and reiterating its focus on the consumer market. The smartphone-to-vehicle giant said it was “not a Chinese military company nor affiliated with any Chinese military entities” and that it “has always been and continues to be a consumer product company”. “[Xiaomi] provides products and services for...

Events

3 w. ago How North Koreans use ‘laptop farms’ in US to land tech jobs abroad

US tech giant Amazon said it has blocked over 1,800 North Koreans from joining the company, as Pyongyang sends large numbers of IT workers overseas to earn and launder funds. In a post on LinkedIn, Amazon’s Chief Security Officer Stephen Schmidt said last week that North Korean workers “have been attempting to secure remote IT jobs with companies worldwide, particularly in the US”. He said the firm had seen nearly a one-third rise in applications by North Koreans in the past year. The North...

Politics

3 w. ago Baidu teams up with Uber, Lyft for London robotaxi launch in first half of 2026

Chinese tech giant Baidu is teaming up with US ride-hailing platforms Uber and Lyft to roll out robotaxi trials in London next year, highlighting the accelerated push among Chinese autonomous driving firms to expand globally. Baidu and Uber said they would begin pilot runs of robotaxi services in the British capital starting from the first half of next year, according to their respective social media announcements on Monday. In a separate post published on X the same day, Lyft chief executive...

Politics

3 w. ago Huawei’s HarmonyOS crosses ‘survival line’ as user base hits 27 million

HarmonyOS, Huawei Technologies’ self-developed operating system, has crossed the threshold of 27 million users, a sign that the company’s efforts to take on Apple’s iOS and Google’s Android are paying off. In announcing the user numbers for its latest iterations – HarmonyOS 5 and HarmonyOS 6 – the Shenzhen-based tech giant referred to the milestone as a “survival line” for the company. The platform also boasted an ecosystem of over 10 million developers. User engagement crossed milestones, too,...

Events