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Chinese artificial intelligence chip designer MetaX Integrated Circuits will make its trading debut in Shanghai on Wednesday, according to a filing late on Monday, more than a week after industry peer Moore Threads Technology's stellar listing on the city's Star Market. Founded in Shanghai in September 2020 by former engineers at Advanced Micro Devices, MetaX priced its initial public offering at 104.66 yuan per share, which was expected to raise 4.2 billion yuan (US$596 million) from the sale......

With Nasdaq seeking US regulatory approval to extend its trading hours to 23 hours, some industry players believe local bourse operator Hong Kong Exchanges and Clearing (HKEX) will need to consider a similar move for certain products to enhance its competitiveness. HKEX chief executive Bonnie Chan Yiting did not mention trading hours in her blog on Monday, but she did say the bourse operator would expand into digital currencies and tokenisation over the next decade, which analysts pointed out......

A Chinese biopharmaceutical firm has sealed a global licensing deal valued at up to US$1.44 billion, the second in a week, as a wave of cross-border tie-ups shows no sign of abating despite headwinds from the US Biosecure Act. Shanghai Scizeng Medical Technology, a unit of Changchun High-Tech Industry, has agreed to grant US-based Yarrow Bioscience exclusive global rights to develop, manufacture and commercialise GenSci098, an injectable therapy for thyroid eye disease and Graves' disease, both......

A nephew of the late Hong Kong shipping tycoon Y.K. Pao has bought a HK$75 million (US$9.6 million) luxury flat in Repulse Bay, continuing a trend among the city's wealthy buyers who have been snapping up high-end homes in recent months. Crosspark Limited, an entity linked to Raymond Pao Lun-kwok, bought the 2,491 sq ft, four-bedroom flat in Grand Garden in the affluent Southern district on December 8, according to the Land Registry. The previous owner paid HK$80 million in 2018, the records......

Hong Kong stocks slid to their lowest level in three weeks amid mounting concerns about China's growth prospects and as investors awaited a US jobs report that could influence the Federal Reserve's interest-rate policy. The Hang Seng Index dropped 1.6 per cent to 25,230.70 as of 10.14am local time. The decline was broad-based, with all but eight stocks on the 89-member benchmark falling. The Hang Seng Tech Index fell 1.8 per cent. On the mainland, the CSI 300 Index slipped 0.6 per cent and the......

Beijing has approved China's first two cars with level 3 (L3) autonomous driving capability, taking a leap towards widely deploying self-driving technology in the world's largest automotive market. The Ministry of Industry and Information Technology (MIIT) announced on Monday that Changan Automobile and BAIC were given the go-ahead to build electric vehicles (EVs) that would allow drivers to be hands off in some circumstances. But the cars, both pure EVs, could only navigate urban streets and......

Chinese fintech giant Ant Group has pressed ahead with its strategic move into the fast-growing healthcare sector with a major upgrade to its artificial intelligence health app AQ, positioning the platform to work like a fitness companion or a family doctor. The new features included integration of records from smart devices made by Apple, Huawei and Omron, among others, as well as the creation of health profiles for family members, the company announced on Monday. Ant is the fintech affiliate......

Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is known in the industry as the “King of Liquidation”. He left Deloitte after 36 years with the firm and last week was appointed by EY as......

TikTok owner ByteDance is the top recruiter in China's tech sector this year, while at the same time artificial intelligence-related job postings on the mainland have risen more than 500 per cent, according to a report by Maimai, China's largest professional social networking platform. ByteDance dominated tech hiring between January and October, with a hiring index of 897, ahead of Meituan at 587 and Alibaba Group Holding at 407, while AI related job listings surged 543 per cent, the report......

Huawei Technologies' latest Mate 80 series smartphones are powered by an upgraded in-house chip after its foundry partner made improvements to the 7-nanometre node process despite US export restrictions on advanced technology, according to a new report. The Kirin 9030, the processor behind Huawei's Mate 80 Pro Max, was manufactured by China's top foundry Semiconductor Manufacturing International Corp (SMIC) using the N+3 process, which is a “scaled evolution” of the chipmaker's previous 7-nm......

Andrew Yao Chi-chih, a world-renowned Chinese computer scientist, said embodied artificial intelligence still lacks key foundations, stressing the need for interpretable “world models” and more diverse data-collection methods. Speaking on Saturday at an industry event in Shanghai, Yao said core capabilities such as “reasoning, planning and control should ultimately be integrated within a unified framework”, noting the importance of world models instead of simulating. He added that “scalable new......

The global air travel market has bounced back to pre-pandemic levels, with the industry upbeat about 2026 and the Asia-Pacific region expected to lead worldwide traffic growth, the International Air Transport Association (IATA) said on Monday. Load factors in Asia-Pacific were projected to hit an all-time regional high of 84.4 per cent next year, according to IATA, which represents some 370 airlines, accounting for more than 80 per cent of the world's air traffic. Passenger demand was strong,......

Shenzhen's main railway station handled a record 116.6 million passengers in the first 11 months of 2025, as China's major cities continue to see a boom in rail ridership and travel between Hong Kong and mainland China picks up steam. The total passenger flow at Shenzhen North Railway Station between January and November was up 8.8 per cent compared with the same period last year, according to data from China State Railway Group cited by local media. Shenzhen North is one of the two largest......

The US approval for Nvidia's H200 artificial intelligence processors will give China a much-needed boost in computing power rather than pose a direct threat to domestic chips, even though the US chip is more powerful than rivals from Huawei Technologies and Moore Threads, according to analysts. With a total processing performance (TPP) of 15,832, the H200 has surpassed all AI chips made by domestic vendors on the market so far as well as Nvidia's H20, which was previously the most advanced......

Leading Chinese artificial intelligence start-up Moonshot AI has been singled out as evidence of the “growing depth” of China's AI industry, according to a new US government report. An increasing number of Chinese companies were now developing world-leading “open-weight” AI models, not just DeepSeek, the Center for AI Standards and Innovation (CAISI) at the Department of Commerce said on Friday. The CAISI report was the second US government evaluation of a leading Chinese model developer, after......

Nearly half of Hong Kong residents are concerned that their wealth will not last beyond their children, citing market volatility and inheritance disputes, according to a survey by Canadian insurer Sun Life. The survey covered 500 respondents from Hong Kong, including some from mainland China. They were among over 3,000 people aged 18 and above from Asia who were polled in October on the topic of legacy planning. Sun Life found that 44 per cent of Hong Kong residents expressed fear over their......

A growing number of Chinese tech firms are tapping Hong Kong for research talent and overseas expansion, as the Asian financial hub moves to attract Big Tech and start-ups to boost its technology sector. Arm China, the Chinese unit of British semiconductor firm Arm Holdings, would establish a chip intellectual property research and development centre in Hong Kong in 2026 that would focus on artificial intelligence and robotics, Arm China senior technical director Zou Wei said last month. The new......

Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50 per cent share, has invested €3 billion (US$3.5 billion) in a sprawling research and development centre – its largest outside its home country – in Hefei, a low-key central China city of 10 million people. It is a sea change from how foreign carmakers operated in China for......

The electronic platform of the Mandatory Provident Fund (eMPF) is expected to reach its fee cut target five years ahead of schedule and could save the scheme's 4.75 million members HK$50 billion (US$6.4 billion) in less than 10 years, according to the chairwoman of the pension regulator. The Mandatory Provident Fund Schemes Authority (MPFA) revised its estimates of cost savings from the eMPF platform on Monday during a media briefing hosted by Ayesha Macpherson Lau, who provided an update on the......

Chinese electric vehicle (EV) maker Xpeng plans to establish a production base in Malaysia targeting Southeast Asian customers, in its latest move to expand overseas to improve profitability. The Guangzhou-based company, 5 per cent owned by Volkswagen Group, said on Monday that it would partner with Malaysian firm EP Manufacturing Berhad (EPMB), an investment conglomerate focusing on automotive manufacturing and engineering, to locally assemble its intelligent electric cars tailored to the needs......