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Frontier research lab MiroMind, a subsidiary of the China-founded multinational firm Shanda Group, has asked some of its staff in Shanghai to relocate to Singapore, according to people with knowledge of the matter, raising comparisons to artificial intelligence start-up Manus' pull-out from China last year. Those actions came amid Sunday's reorganisation announcement by Shanda and Singapore-based MiroMind, which said its research on artificial general intelligence (AGI) and fundamental......

Nvidia CEO Jensen Huang is addressing the World Economic Forum in Davos....

The municipal government of Shanghai will open “free-to-fly” zones in the city for drones from February 1, as part of streamlined regulations designed to support the country's development of a low-altitude economy. According to Shanghai's new guidelines for civil unmanned aerial vehicles (UAVs), consumer drones will be allowed to fly in certain “suitable airspace” in the city without prior declaration, provided these devices are registered. These include UAVs categorised as micro, light and......

The Hong Kong Monetary Authority (HKMA) issued requirements on Wednesday for banks to improve their services for elderly customers, as the proportion of the city's population over the age of 65 increases rapidly. Banks will be required to upgrade their apps to meet the needs of elderly customers, improve branch facilities and ensure that staff members provide appropriate advice on investments, insurance and pension products. “As Hong Kong faces an ageing population, we expect more elderly......

Sun Hung Kai Properties (SHKP), Hong Kong's largest developer by market capitalistion, is poised to sell out another batch of units at its Sierra Sea project in the New Territories, the city's largest residential project in two and a half decades. As of 4.30pm, 206 units out of 218 made available on Wednesday had found buyers, according to property agents. The developer has had two sold-out rounds in the project so far this year: 213 flats sold on January 10 and 229 flats sold last Saturday. The......

China aims to make breakthroughs in artificial intelligence chips, accelerate 6G development and establish key benchmarks for humanoid robotics over the next five years, as Beijing prioritises innovation as a key driver of economic growth. To promote the development of the AI industry, the government was targeting breakthroughs in core technologies such as training chips and heterogeneous computing, officials from the Ministry of Industry and Information Technology (MIIT) said at a Wednesday......

Shanghai's tax authority fined an operating entity of PDD Holdings, the US-listed e-commerce company that runs platforms including Pinduoduo and Temu, citing its failure to comply with local tax requirements, according to a Wednesday report from state news agency Xinhua. Shanghai Xunmeng Information Technology, a PDD Holdings subsidiary which operates Pinduoduo, failed to report necessary information concerning its platform operators and employees for the third quarter of 2025, the city's tax......

A sudden spike in volatility in Japanese government bonds (JGBs) – long seen as among the world's safest assets – is stoking concern that risk aversion is rippling through Asian markets across asset classes, according to analysts. Investors have repriced the term and risk premiums on JGBs as fiscal worries that started simmering last year have flared again after Prime Minister Sanae Takaichi pledged tax cuts and higher spending. The 40-year bond yield rose above 4 per cent on Tuesday, 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. 'Soft landing': China, EU see progress in EV dispute with price floor option Beijing and Brussels last week announced a milestone in resolving their years-long trade dispute over Chinese electric vehicles, with the European Union releasing guidance set to address the countervailing......

Special economic zones (SEZs) have long powered global growth by offering pro-business policies, streamlined regulations and infrastructure tailored to investors' needs. Now, Southeast Asia is preparing to welcome a new high-profile entrant: the Johor-Singapore SEZ (JS-SEZ), a cross-border initiative announced in 2024 to deepen Malaysia-Singapore integration. For the JS-SEZ to succeed, strong execution is key, with financial institutions like UOB playing a central role. The bank is set to......

Hong Kong stocks hovered around the lowest level in more than a week as investors refrained from bets amid a slew of uncertainty from escalating geopolitical tensions and rising Japanese bond yields. The Hang Seng Index fell less than 0.1 per cent to 26,478.37 as of 9.42am local time. The Hang Seng Tech Index gained 0.1 per cent. On the mainland, the CSI 300 Index climbed 0.4 per cent and the Shanghai Composite Index added 0.2 per cent. US stocks tumbled more than 2 per cent overnight on......

China's government-led push into artificial intelligence (AI) contrasts with the US' private sector-led approach, with the world's two largest economies advancing along divergent paths, according to China International Capital Corp (CICC). Chinese investments in AI had focused on underlying technologies, including advanced semiconductors, to address a shortage of computing resources resulting from the country's restricted access to advanced chips, the state-backed investment management firm said......

Significant worldwide shortages of memory chips are expected to persist well into 2027, according to analysts, even as the sector's top manufacturers – Samsung Electronics, SK Hynix and Micron Technology – move to boost production capacity. According to a report by Hangzhou-based Zheshang Securities, industry expansion plans through 2026 and 2027 were unlikely to bridge the global supply gap. Micron on Saturday said it aimed to meet global memory chip demand via its US$1.8 billion acquisition of......

Shanghai-based Harbour BioMed's acquisition of a stake in US-based Spruce Biosciences is the latest example of China's novel drug developers progressing from one-time licensing deals into long-lasting equity partnerships with overseas partners. The deal, detailed in a Hong Kong stock exchange filing on Monday, also showed Chinese firms' growing clout on the global pharmaceutical stage, analysts said. “The coming years will see more Chinese biotech firms engaging in equity investments and joint......

[The content of this article has been produced by our advertising partner.] With its on-premises data center becoming increasingly costly and inflexible, The Hong Kong and China Gas Company Limited (Towngas) set out to migrate to the cloud and establish a more efficient and scalable infrastructure for next-generation services. The company worked with AWS Partner eCloudvalley to transition its core systems to Amazon Web Services (AWS) and modernize its IT environment. As a result, Towngas reduced......

State-owned China Telecom has developed the country's first artificial intelligence models with the innovative Mixture-of-Experts (MoE) architecture that are trained entirely on advanced chips from Huawei Technologies. This marked the first time a Chinese developer publicly validated the feasibility of using only Huawei chips to train AI models with MoE architecture, which has become widely adopted because of its ability to deliver high performance with fewer computational resources. The......

China's commercial space sector logged 50 launches last year – more than half of the country's total – underscoring the growing role of private players alongside the state-led space programme, with Beijing highlighting aerospace as a strategic industry. Commercial launches accounted for 54 per cent of the country's total in 2025, according to data released on Tuesday by the China National Space Administration (CNSA). Of the total, 25 launches were carried out by commercial launch vehicles.......

Western countries' positive stance on electric vehicles (EVs) has given Chinese carmakers from BYD to Leapmotor renewed vigour to step up their global expansion and counter a slowing domestic market, industry observers said. Europe's buoyant EV market last year lifted Chinese assemblers' hopes to boost their exports to shore up their profits and hone their international image, they added. “A welcoming attitude towards electrification is good news for Chinese EV makers because they enjoy......

Chinese smartphone makers are bearing the brunt of a global memory crunch, slashing their 2026 shipment targets by tens of millions of units, according to industry supply chain sources. Beijing-based smartphone and electric vehicle giant Xiaomi cut its latest shipment forecast for the year by between 10 and 70 million units in its guidance for upstream suppliers, a source said. This follows a target of 180 million units the company had set in the fourth quarter of last year, the source......

New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong's initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors have listed in Hong Kong, enabling them to scale their research and global impact,” wrote Bonnie Chan Yiting, CEO of HKEX, in an......