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Two China-domiciled exchange-traded funds (ETFs) targeting overseas chipmakers warned of investment risks arising from excessive premiums to net asset values and imposed a temporary trading halt, as the record-setting run in tech stocks has spurred Chinese investors to chase the global rally. Hutai-PineBridge CSI KRX China-Korea Semiconductor ETF, which invests in Chinese and South Korean chipmakers, was suspended from trading for an hour on the Shanghai Stock Exchange on Thursday, citing the......

Shares of Alibaba Group Holding jumped 8.2 per cent to close at US$145.81 in New York on Wednesday local time, as the firm ramps up its commitment to artificial intelligence. The company, which is also listed in Hong Kong, disclosed on Wednesday after markets closed that revenues from its AI-related products had hit 8.97 billion yuan (US$1.3 billion) in the first quarter, and that the segment had registered triple-digit growth for an 11th consecutive quarter. It expected its annualised recurring......

Chinese memory module manufacturers are accelerating the release of consumer and enterprise storage products powered by domestic DDR5 chips, as breakthroughs by ChangXin Memory Technologies (CXMT), the nation's leading memory chipmaker, filter through the supply chain. Powev, one of China's major memory module vendors, recently said its Sinker-branded DDR5 server memories had entered mass production and delivery. The 64GB DDR5-5600 RDIMM product passed testing by multiple major customers and was......

Office rents in Hong Kong's Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019. The latest forecast was made by US bank Citi, which said premium offices in the city's main business zone had seen rents rise 1.7 per cent from a trough in October, with room for further increments between the second half this year and 2027. “Lease negotiation dynamics had started to favour......

[The content of this article has been produced by our advertising partner.] The silent crisis in global trade In the world of global trade, businesses of all sizes face a common challenge: lengthy payment cycles and complex cross-border processes that stifle growth and operational efficiency. Take Chinese suppliers shipping goods to retail giants like Walmart or Target. After delivering their products, they typically wait 45 to 90 days to get paid. This long cash conversion cycle strains even......

E-commerce and AI giant Alibaba Group Holding on Wednesday disclosed quarterly revenue of AI-related products for the first time, reporting that the segment has registered triple-digit growth for an eleventh consecutive quarter. The surge helped bolster a 3 per cent overall revenue increase that was largely in line with market expectations. AI-related product revenue hit 8.97 billion yuan (US$1.32 billion), the company said in a filing to the Hong Kong stock exchange, as the segment continues to......

Tesla China has launched a new financing scheme to attract more budget-conscious buyers after its sales in the world's largest electric vehicle (EV) market fell behind its domestic rivals. The US carmaker said on Wednesday that the down payment for a Shanghai-made Model 3 vehicle – priced at 235,500 yuan (US$34,672) – would be slashed to 55,900 yuan from 79,900 yuan if the buyer chose a five-year car loan offered by Tesla. “Our strong products, combined with attractive incentives for car......

Chinese tech giant Tencent Holdings' first-quarter revenue missed estimates amid a slowdown in gaming sales growth, while the company pledged continued investment in artificial intelligence to fuel its future growth. First-quarter sales grew 9 per cent to 196.5 billion yuan (US$28.9 billion), following 180 billion yuan during the same period in 2025. It missed estimates of 199.4 billion yuan, according to analysts polled by Bloomberg. Net income for the March quarter reached 67.9 billion yuan on......

Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company's flagship mixed-use development on the New Central Harbourfront. This loan would provide a “scalable blueprint” for companies to achieve their sustainability goals and enhance Hong Kong's position as a leading international sustainable finance centre, according to the two banks. The......

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets For German consumer Erik Böhme, a first visit to the Beijing auto show was an eye-opener – the world's largest car exhibition showcased a vast array of electric vehicle (EV) brands, many already gaining......

China's ChiNext board, a tech-focused index of the Shenzhen Stock Exchange, reached a nearly 11-year high on Wednesday, passing the 4,000-point mark hours before US President Donald Trump is expected to arrive in Beijing with a coterie of tech executives. As of Wednesday afternoon, the index had reached a peak of 4,025 in intraday trading, its highest level since June 2015. The Shanghai Composite Index also reached its strongest level in 11 years. The index tracks many of the emerging tech......

Morgan Stanley expects US President Donald Trump's visit to Beijing to give Chinese stocks a moderate lift if the current trade truce is extended. The bank's base case forecasts an 8 per cent gain to 28,400 for Hong Kong's Hang Seng Index by the second quarter of 2027, as well as an 11 per cent rise in the Hang Seng China Enterprises Index and a 12 per cent increase for the MSCI China Index, according to its report on Wednesday. The bull case stretches to 27 per cent for the MSCI China gauge if......

ByteDance's Volcano Engine, the cloud unit that released an OpenClaw-based cloud agent tool ArkClaw, is betting that the next phase of artificial intelligence will hinge on cheaper tokens, higher inference efficiency and longer context windows. “Agent-related token consumption still accounts for a single-digit percentage of total token usage, but it is growing,” said Li Guodong, chief architect of ArkClaw, on Tuesday on the sidelines of OpenClaw's first mainland China event since the open-source......

Artificial intelligence has shortened drug development from years to just 18 months, the founder of METiS TechBio said, as the AI-driven drug design start-up made its Hong Kong debut on Wednesday amid strong investor appetite for AI-related stocks in the city. “We see ourselves like a SpaceX-style company,” Lai Tsai-Ta, co-founder and CEO of METiS TechBio, who obtained a PhD from the Massachusetts Institute of Technology in the US, said. “We use AI algorithms to design a large number of......

Australia's mining giants are aiding China's push to internationalise its currency and reduce the dominance of the US dollar, as they gradually shift towards using the yuan for financing and settlements, analysts said. China has been using its heft as the world's dominant iron ore buyer to push global mining companies to adopt the yuan. And several firms are already making the switch, with China's relatively low interest rates becoming an added incentive. BHP, the world's largest mining company,......

Chinese chip designer Loongson Technology has shipped more than 1 million units of its flagship desktop processor, marking a milestone for China's efforts to build a self-sufficient semiconductor industry and move domestic central processing units (CPUs) beyond basic usability towards broader commercial adoption. The 3A6000 processor, designed for desktop computers, was built on Loongson's self-developed LoongArch instruction set architecture, proprietary IP cores, and domestic manufacturing......

Chinese toymaker Pop Mart is set to open its first official physical Pop Bakery store in the coastal community of Aranya in Qinhuangdao, Hebei province. The outlet will mainly sell desserts, as the company continues to diversify its business portfolio to sustain the value of its intellectual property (IP) and generate income beyond pop toys. The plan comes as the Hong Kong-listed company announced strong first-quarter growth on Tuesday, with total revenue surging 75 to 80 per cent year on......

Driven by global appetite for artificial intelligence, China's computing hardware exports have emerged as a pivotal new engine for growth, providing Beijing with strategic leverage as US tech titans accompany President Donald Trump on a high-stakes visit to the Chinese capital this week, according to analysts. Chinese trade received another significant boost from the technology sector in April, as integrated circuit (IC) export value doubled year on year to US$31.09 billion, according to data......

Tencent Holdings has secured conditional approval to acquire online audio platform Ximalaya after a nearly year-long review by China's antitrust watchdog, a move set to expand the Shenzhen-based tech giant's footprint in China's digital content ecosystem. The State Administration for Market Regulation (SAMR) cleared the deal on Tuesday, but imposed five conditions covering pricing and exclusivity to “effectively mitigate the potential negative impacts” of the acquisition, according to an......

Hong Kong's push to become a gold trading hub is beginning to bear fruit, with the city recording a surge in gold exchange-traded fund (ETF) inflows in April as geopolitical tensions fuel investor demand for the yellow metal, according to industry participants. Physically backed gold ETFs in Hong Kong attracted a record US$732 million last month, according to the World Gold Council. That represented 41 per cent of Asia's US$1.8 billion inflows and 11 per cent of the global total of US$6.6......