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Chinese tech giant Huawei Technologies has launched the Atlas 350 accelerator card for inference, boasting higher computing power for artificial intelligence applications and better performance than US rival Nvidia's H20, as AI rapidly advances into the agentic era. The Atlas 350 AI accelerator card would be powered by Huawei's latest Ascend 950PR chip, designed to deliver enhanced computing power and storage for AI inferencing, said Ma Haixu, a vice-president at Huawei, at the firm's China......

Unitree Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has filed for an initial public offering (IPO) on Shanghai's Star Market, seeking to raise 4.2 billion yuan (US$610 million) as revenue and profits surge on the back of rising interest in embodied artificial intelligence. The listing application has been formally accepted by Shanghai's exchange following a “preliminary review” on Friday. The 10-year-old company recorded revenue of 1.71 billion yuan last year, up 335 per......

ByteDance has struck a deal to sell its gaming studio Moonton to Savvy Games Group, a Saudi gaming company owned by the country's sovereign wealth fund, for more than US$6 billion, the two sides said on Friday. Moonton, known for the popular online battle title Mobile Legends: Bang Bang, recently signed an agreement to sell to Savvy, owned by Saudi Arabia's Public Investment Fund, Moonton CEO Zhang Yunfan said in an internal memo on Thursday seen by the South China Morning Post. A Savvy......

Global concerns are rising over the fate of ships and crews trapped in the Strait of Hormuz amid the intensifying Middle East conflict, as reports spread that Iran is rolling out screening processes and steep transit fees for vessels using the waterway. The International Maritime Organisation (IMO) called for the establishment of a “safe maritime framework” to ensure the swift evacuation of merchant ships confined within the Persian Gulf, after holding a special session on the Middle East......

Lo Ying-sui, a younger brother of Great Eagle Holdings' chairman Lo Ka-shui, has started selling residential units in a sign that some investors prefer to maintain liquidity amid an uncertain property market cycle. Land Registry records showed a unit registered under Joy Eagle was sold to King Faith International for HK$19 million (US$2.4 million) on March 17. A company search showed that Joy Eagle's directors include Lo Ying-sui and his wife Lim Boon Tuang Lynda. Lo is also a non-executive......

Chinese stocks have emerged as outperformers in the latest oil shock, reversing their reputation as laggards, as crude takes a back seat to renewable fuels in the world's second-largest economy. The CSI 300 Index of stocks trading on the mainland's exchanges has dropped 3.1 per cent since the US and Israel began attacks on Iran on February 28, outperforming the S&P 500, the Euro Stoxx 50 and Japan's Nikkei 225, which have all slid at least 4 per cent during the period. This marked a turnaround......

When Esther Wong was in high school, she would skip the subjects she did not like and instead head to the library to read books with subject matter she did like. That love of learning stayed with her as she went from studying hospitality management to building a career on Wall Street before transitioning into the world of artificial intelligence and her current role as the CEO and co-founder of 3C AGI Partners, an AI venture fund based in Hong Kong. Victoria Tang-Owen, a Hong Kong designer and......

Alibaba Group Holding unveiled the preview version of its most powerful artificial intelligence model to date, solidifying its position as China's leader in the race to catch American giants like Anthropic, Google and OpenAI. Qwen3.5-Max-Preview, the flagship model of Alibaba's Qwen 3.5 family, is now available on Arena, formerly known as LMArena, a model performance community created by researchers from UC Berkeley. Alibaba, which owns the South China Morning Post, unveiled the model on......

AstraZeneca said it would establish drug manufacturing facilities in Guangzhou and Shanghai as well as a separate innovation centre in Shanghai, joining a group of foreign players building new plants in China amid geopolitical tensions. The moves are part of a US$15 billion commitment the British firm pledged to make in the world's second-largest drug market through 2030, unveiled during UK Prime Minister Keir Starmer's visit to Beijing in January. China's manufacturing capabilities, integrated......

Xiaomi's updated SU7 electric vehicle (EV) is expected to bite into the market share of Tesla and some domestic rivals in China, as demand weakens and regulators tighten oversight. Founder and CEO Lei Jun on Thursday announced official pricing for the new-generation smart sedan, with the standard edition starting at 219,900 yuan (US$31,900) and the pro and max variants set at 249,900 yuan and 303,900 yuan, respectively. The figures are 10,000 yuan lower than pre-sale estimates, but 4,000 yuan......

The use of artificial intelligence (AI) and digital technologies has advanced rapidly around the world in recent years, but the benefits are not available to everyone. More than a quarter of the world's population – about 2.2 billion people, according to figures released last November by the International Telecommunication Union (ITU) – remains disconnected from the internet, unable to access essential services such as education and finance, which continue to move online. This disconnect is......

Hong Kong stocks swung between gains and losses on Friday as investors traded on headlines about the Middle East tensions and navigated volatile oil prices. The Hang Seng Index fell 0.1 per cent to 25,471.66 as of 9.46am local time. The Hang Seng Tech Index dropped 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.9 per cent and the Shanghai Composite Index added 0.3 per cent. Alibaba Group Holding tumbled 4.1 per cent to HK$126.50 after reporting a 67 per cent slump in quarterly......

Prime office vacancy rates in Hong Kong's main business district dropped to single digits for the first time in 26 months, lifting overall rents in the city's struggling office property market, according to JLL. The vacancy rate in Central for premium offices fell to 9.9 per cent in February from 10.1 per cent the previous month, the property consultancy said. The last time a single-digit rate was recorded for grade A offices in the district was in December 2023, when it also hit 9.9 per cent,......

The Chinese founder of the massive router maker facing national security probes by the Trump administration has applied for an expedited visa under the Trump Gold Card programme, according to people familiar with the matter. California-based TP-Link Systems told the federal agencies scrutinising its operations that founder and Chief Executive Officer Jeffrey Chao had applied for permanent residency under the programme, the people said. Successful Gold Card applicants must give a US$1 million......

Chinese telecommunications gear giant Huawei Technologies is capitalising on the OpenClaw frenzy with new enterprise agent tools and a series of Kunpeng and Ascend compute offerings, as it bets on surging demand for agentic artificial intelligence services. The Shenzhen-based company announced at its China Partner Conference on Thursday that it would launch AgentArts, an agent development platform for enterprises, on April 30 for public beta testing, followed by the official release of the......

A recession mindset took hold among global investors after strikes on energy infrastructure in the Middle East heightened fears that disruption to production and distribution would keep oil prices elevated for longer, darkening the global economic outlook. Crude prices staged a comeback on Thursday after Iran attacked a liquefied petroleum gas site in Qatar in retaliation for Israel's strikes on its South Pars gas field. Brent futures surged 5.5 per cent to US$113.53 a barrel in London, and......

Hong Kong's market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected......

Alibaba Group Holding, China's e-commerce and artificial intelligence powerhouse, on Thursday for the first time disclosed the production progress of its T-Head chip unit, as quarterly results missed estimates. It reported a 2 per cent year-on-year increase in revenue to 284.8 billion yuan (US$40.7 billion) for the December quarter, but missed the 289.8 billion yuan consensus forecast compiled by Bloomberg. The company also “brought its proprietary GPU [graphics processing unit] into production......

CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing's family, reported a 7 per cent increase in underlying profit for 2025, as the company predicted its businesses would face “new and perhaps unforeseen challenges” in 2026. The ports-to-telecoms conglomerate said on Thursday that underlying profit reached HK$22.3 billion (US$2.85 ‌billion) last year, compared with HK$20.8 billion a year earlier. Including a one-time ⁠accounting loss, net profit fell......

GLP, a global operator and investor in logistics, digital infrastructure, renewable energy and finance, is deepening its commitment to China's growth, projecting as much as a 50 per cent rise in logistics rental rates, supported by stronger domestic consumption and wider adoption of alternative energies. Angela Zhao, CEO of GLP China, said the country's 15th five-year development plan for 2026 to 2030 would further cement the company's role as a global thematic investor in “new economy”......