54 h. ago China’s Akeso gets share boost as data shows cancer drug’s benefits

Shares of Chinese drug firm Akeso – likened by some Western media outlets to artificial intelligence start-up DeepSeek – rose after the company unveiled clinical-trial data showing that its lung-cancer drug outperformed a highly effective existing treatment. The data showed that ivonescimab had “a decisive and strong positive outcome with both significant and clinically meaningful benefits”, Akeso said in a filing with the Hong Kong stock exchange on Monday. The drug, used along with...

Events

3 d. ago Chinese firm thanks ‘sales consultant' Trump as tariff threat spurs orders

A Chinese exporter said it has seen a sudden surge in orders as US humanoid robot makers and artificial intelligence (AI) companies – including industry leader OpenAI – rush to secure critical components amid Washington’s threat to impose an additional 100 per cent tariff on goods from the country. MyActuator, a Suzhou-based manufacturer of intelligent drive modules for humanoid robots, has received more than 1,000 new orders in the past week alone, according to a person familiar with the...

Economics

4 d. ago Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Openings at overseas energy storage operations flood John Yang’s screen anytime he browses recruitment websites, with listed giants and small and medium-sized enterprises (SMEs) alike offering salaries well above those typically found in China’s manufacturing sector. “Job seeking has never felt easier. The only worry is whether the new role could last beyond next year,” joked Yang, Thailand director at a Shenzhen-based energy storage firm. Yang’s experience reflects the recent, rapid overseas...

Economics

8 d. ago Chinese robotaxi firms Pony.ai, WeRide on road to Hong Kong IPOs

Pony.ai and WeRide, two leading robotaxi operators in mainland China, have taken their first steps towards share offerings on the Hong Kong stock exchange by filing fundraising plans with the securities regulator. They will join a clutch of mainland companies seeking to tap global investors’ growing interest in China’s electric vehicle (EV) industry as the key players accelerate their global expansion plans. According to documents published by the China Securities Regulatory Commission on...

Economics

8 d. ago US warned Dutch Nexperia CEO must go to avoid entity list fallout: court

US officials told their Dutch counterparts that the Chinese CEO of Nexperia “will have to be replaced” for the company to be exempt from Washington’s entity list, newly disclosed court documents show. The disclosure comes after the Dutch government effectively seized control of the semiconductor firm, a subsidiary of the Chinese company Wingtech, forcing a change in management under an obscure law known as the Goods Availability Act. In doing so, the Dutch authorities removed founding CEO Zhang...

Events

8 d. ago EU urged to ‘flex its muscles’ on Chinese tech transfer and rare earths

The European Union is poised to toughen its trade stance towards China, with the bloc set to insist that Chinese investors in Europe transfer technology to local firms, and as it formulates a response to Beijing’s latest restrictions on rare earth exports. Trade chief Maros Sefcovic insisted on Tuesday that the bloc was open to investments from China but only under the right conditions. These conditions include the creation of “real value added” in the EU, the creation of “real jobs”, and that...

Politics

8 d. ago Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say

Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say  Reuters

Economics

9 d. ago Mainland Chinese financial firms seeking strategic Hong Kong base on the rise: Citigroup

A growing number of mainland Chinese financial institutions and international companies have shown interest in establishing regional headquarters in Hong Kong to tap into increasing business opportunities across the region, according to the head of Citigroup’s local unit. Aveline San Pau-len, Citi Hong Kong CEO and head of banking, said many mainland banks and international financial institutions would like Citigroup to help set up their headquarters in the city to serve clients who wanted to...

Economics

1 week ago Hong Kong loan scammers using AI to alter identity card photos, police say

Hong Kong police have broken up a local syndicate that allegedly used AI to alter identity card photos to open bank accounts and take out loans, arresting 22 people on suspicion of conspiracy to defraud and laundering more than HK$190 million (US$24.4 million). Police said on Friday that between September 2024 and April this year, the syndicate used artificial intelligence (AI) technology to combine the facial features of its members with those of people in photos in identity cards that had been...

Events

2 w. ago Zenas Bets $2B+ in Autoimmune Agreement With Chinese Firm InnoCare

Zenas Bets $2B+ in Autoimmune Agreement With Chinese Firm InnoCare  BioSpace

Economics

2 w. ago China vs U.S. again: Chinese hackers target over dozen U.S. law firms, claim reports

China vs U.S. again: Chinese hackers target over dozen U.S. law firms, claim reports  The Economic Times

Economics

2 w. ago Chinese construction firms changed the way they operate in Africa

Chinese construction firms changed the way they operate in Africa  Asia Times

Politics

2 w. ago Are Chinese Firms Catching Up With Nvidia on AI Chip Making?

Are Chinese Firms Catching Up With Nvidia on AI Chip Making?  AI Magazine

Politics

2 w. ago Will a Chinese firm’s Bali beach lift project alter the local landscape?

The Bali heat proved too much for Zhang Min, a 30-year-old tourist from Chengdu, one afternoon last month. She had made it to a cliff above one of the Indonesian holiday destination’s most sought-after scenic spots, but was exhausted by the journey. “The roads are really poor,” Zhang said as her group stopped above the T. Rex-shaped headland – a unique land mass that has made Kelingking one of the world’s most photographed beaches. Her group opted against hiking down a steep, sun-exposed trail...

Politics

2 w. ago China’s Kuaishou lures overseas users with ‘NSFW’ AI companions

Kuaishou Technology, operator of China’s second-largest short video app, is developing a new international revenue stream with “not-safe-for-work” (NSFW) avatars, as Chinese artificial intelligence firms compete in the lucrative field of virtual companions. Kuaishou formally launched its AI companion service, FantaSay, through its Singapore unit, Symphony Tech, last month, after a trial run that began in February. The service promises an “ultimate immersive chat experience” with a “variety of...

Politics

2 w. ago Chinese mining firms sued over toxic acid spill pose dilemma for Zambian government

An US$80 billion lawsuit filed by Zambian farmers against two Chinese mining companies over a major toxic acid spill has produced a major diplomatic headache for the southern African country as it tries to balance its long-standing relationship with Beijing against the needs of local communities. For decades, the two countries have maintained strong political and economic ties, and China has funded multibillion-dollar Zambian infrastructure projects ranging from airports and railways to...

Politics

2 w. ago Hong Kong launches task force to help mainland Chinese firms go global

Hong Kong will offer one-stop tailor-made professional services to mainland Chinese enterprises, the city’s commerce chief has said, as a task force dedicated to helping businesses from across the border expand their overseas presence has officially been established. Secretary for Commerce and Economic Development Algernon Yau Ying-wah also said that the task force, which he leads and was set up on Monday, included members from the business, legal, accounting and investment sectors to help...

Politics

2 w. ago Beijing blasts Mexico over protectionism, threatens retaliation amid US coercion

China has condemned Mexico’s recent anti-dumping investigations targeting Chinese imports and has vowed to “take all necessary measures” to protect the legitimate interests of Chinese companies. “China firmly opposes protectionist actions that undermine China’s legitimate rights and interests. We will closely follow the progress of Mexico’s investigations and urge Mexico to strictly abide by WTO rules in the process, so as to safeguard the lawful rights and interests of Chinese companies,”...

Events

2 w. ago Chinese healthcare, biotech firms flock to Hong Kong for IPOs

Eleven Chinese healthcare and biotechnology companies filed applications to list on the Hong Kong stock exchange in the last two days of September, taking advantage of an ongoing investment boom in the sector. The best-known names among them are online healthcare services firm We Doctor Holdings, Sichuan Biokin Pharmaceutical – known for a US$8.4 billion licensing deal with US-based Bristol Myers Squibb (BMS) – and profitable cancer-drug developer Betta Pharmaceuticals. Other initial public...

Economics

3 w. ago Chinese yuan’s forex market share grows to 8.5% as global position firms: survey

The Chinese yuan’s share in global foreign exchange (forex) trading climbed to 8.5 per cent this year while maintaining its position as the world’s fifth-most traded currency, according to survey findings by the so-called central bank for central banks. The proportion, unveiled by the Bank for International Settlements (BIS) in its 2025 Triennial Central Bank Survey – launched in April, with the findings released on Tuesday – showed an increase from 7 per cent in the 2022 survey, with the yuan’s...

Economics