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Chinese companies are expected to shoulder higher costs for deploying advanced chips from the US, owing to a new 25 per cent tariff imposed by Washington on select high-performance semiconductors, according to analysts. The administration of US President Donald Trump on Wednesday said the new import duties on advanced artificial intelligence chips covered Nvidia's H200 and Advanced Micro Devices' MI325X graphics processing units, as well as their equivalent products and derivatives. According to......

Growth momentum in the mainland car market may shift from battery-powered to petrol-based models this year on account of a revised subsidy policy, exacerbating a bearish profit outlook for the country's 50-odd electric vehicle (EV) builders. Slower growth in EV adoption would deal another heavy blow to assemblers from BYD to Leapmotor, which are known for low-priced cars, after big-name international banks reduced forecasts for car deliveries this year. “Petroleum-powered cars will regain market......

Uber Technologies' strategic partnership with Tencent Holdings' super app WeChat is yielding significant dividends for the ride-hailing operator as it meets a critical demand for Chinese travellers overseas. Since Uber launched a mini-program on WeChat in July, travellers from the mainland have been actively using Uber's services via the new channel in 20 markets, said Anthony Wong, the head of business development at Uber in Asia-Pacific, on Thursday. While the ride-hailing service provider......

Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data, biological data and samples between Hong Kong and [mainland] China, it would ensure trust between [parties sending and receiving information] because......

Chinese semiconductor start-up SpacemiT, fresh off an over US$86 million funding round, is gearing up for mass production of its new RISC-V chips, using an architecture rivalling Intel's and Arm's, which is seen as Beijing's hope for achieving chip self-sufficiency. The Hangzhou-based company recently completed a series B funding round raising more than 600 million yuan from investors, including fellow Hangzhou firm Huaxia Hengtian, the Beijing Artificial Intelligence Industry Investment Fund......

The battle for control of Dutch chipmaker Nexperia entered a new phase on Wednesday, as lawyers representing the firm and its Chinese parent Wingtech Technology traded blows during a seven-hour court hearing in the Netherlands. The Enterprise Chamber – a special Dutch court handling corporate disputes – scheduled the hearing to determine whether it should order a formal investigation into alleged mismanagement at Nexperia or overturn its earlier ruling, with a verdict set to be issued by......

Chinese logistics giants SF Holding and J&T Global Express announced a cross-shareholding agreement worth HK$8.3 billion (US$1.06 billion) on Thursday, as the Chinese companies accelerate overseas expansion amid growing cross-border e-commerce demand across Asia. The deal will see SF Holding, Asia's largest integrated logistics provider, acquire an 8.45 per cent stake in J&T for about HK$8.3 billion, while J&T will buy 4.29 per cent of SF Holding's enlarged share capital for the same amount,......

Alibaba Group Holding has rolled out a major update to its flagship Qwen artificial intelligence app, integrating it more deeply into the company's expansive ecosystem, from online shopping to travel booking, as it pushes to make the service an AI-powered gateway to daily life. The upgrade came as Qwen surpassed 100 million monthly active users (MAUs) as of January, said Wu Jia, vice-president of Alibaba, at a corporate event on Thursday in Hangzhou, capital of eastern Zhejiang province, where......

Hong Kong stocks rose for a fifth day on Thursday, as investors bet that gains in Chinese assets would outpace those in the US due to cheaper valuations and ongoing geopolitical uncertainty. The Hang Seng Index rose 0.6 per cent to 27,169.80 as of 10am local time, extending a 0.6 per cent gain from the previous session. The benchmark's fifth consecutive day of increase marked its longest winning streak in a year. The Hang Seng Tech Index fell 0.4 per cent. On the mainland, the CSI 300 Index fell......

Elon Musk's platform X on Wednesday announced measures to prevent its AI chatbot Grok from undressing images of real people, following global backlash over its generation of sexualised photos of women and children. The announcement comes after California's attorney general launched an investigation into Musk's xAI - the developer of Grok - over the sexually explicit material and multiple countries either blocked access to the chatbot or launched their own probes. X said it will “geoblock the......

Hong Kong and Shenzhen can work closely to empower finance with artificial intelligence, delegates said on Thursday at the China Conference: Greater Bay Area, an event hosted by the South China Morning Post. Joseph Chan Ho-lim, undersecretary for Financial Services and the Treasury in the Hong Kong government, said Hong Kong and Shenzhen were seeking deeper cooperation between finance and technology. Chen said at the event in Qianhai, a bonded zone in Shenzhen, that Hong Kong, as a......

A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European authorities accepted price undertakings to replace punitive anti-subsidy tariffs of up to 35.3 per cent. Minimum......

Hong Kong and mainland Chinese stocks outpaced their US peers for the first two weeks of 2026 and should continue to do so for the rest of the year on the back of relatively cheaper valuations, a firmer yuan and policy tailwinds, as geopolitics drives more global investors to look to China as a hedge against rising risks in US assets, according to analysts. The CSI 300 Index has gained 2.4 per cent so far this year, while the Hang Seng Index has climbed 5.3 per cent, both outpacing a 1.7 per......

The race between the US and China to dominate the world's artificial intelligence industry has become “complex and challenging to forecast”, according to ChatGPT creator OpenAI. In a blog post this week, published ahead of the first anniversary of DeepSeek's release of breakthrough reasoning model R1 on January 20, OpenAI said another “seismic shock” from China could be on the cards, as anticipation heightened about a potential new major release from the Hangzhou-based start-up around the Lunar......

China's electric vehicle (EV) exports doubled in 2025 amid rising overseas demand for affordable cars and Beijing's anti-involution campaign. The country – the world's leading EV manufacturer – sold more than 2.6 million units to overseas markets last year, up 104 per cent from a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM) on Wednesday. Despite persistent trade tensions, Chinese brands were expected to further deepen their presence in overseas......

China's property downturn and sluggish consumer spending have become twin anchors weighing down the economy over the past few years. Now, scholars at a top Beijing university are proposing a measure they believe could ease both problems: a mortgage subsidy. The Tsinghua University economists have called for the introduction of mortgage interest rate subsidies as part of a wider effort to stabilise the property market, arguing that arresting the decline in housing prices will be critical to......

Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar with the matter, in a sign of promising demand for the city's latest share sale related to artificial intelligence. Alibaba and the JPMorgan Chase asset manager were participating as cornerstone investors, which get guaranteed allocation in exchange for holding the shares for a period of time, the......

China has opened an antitrust investigation into Trip.com Group, the country's largest online travel services provider, weeks before hundreds of millions of people on the mainland go away on holiday during the Lunar New Year break. The State Administration for Market Regulation (SAMR) on Wednesday said the group – operator of namesake platform Trip.com, Skyscanner, Ctrip, Qunar and Dutch site Travix – abused its “dominant market position” and engaged in “monopolistic practices”. The......

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......

Huawei Technologies edged out Apple to reclaim the No 1 spot in mainland China's smartphone market in 2025, a new report showed, as the domestic handset maker overcame crippling US sanctions. For the full year, Huawei captured 16.4 per cent of China's smartphone market with 46.7 million units shipped, narrowly beating Apple, which shipped 46.2 million iPhones for a 16.2 per cent share, research firm International Data Corporation (IDC) said on Wednesday. Huawei's smartphone shipments fell 1.9......