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Moore Threads Technology is set to launch its latest graphics processing unit (GPU) architecture next week, fresh from the Chinese artificial intelligence chip designer's stellar trading debut last Friday in Shanghai. Founder, chairman and CEO Zhang Jianzhong will unveil the Beijing-based firm's fifth-generation GPU architecture during its inaugural MUSA Developer Conference on December 19 and 20 in the nation's capital, according to the company's latest post on WeChat. MUSA refers to the firm's......

Hong Kong's initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector. KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year. “We also expect 2026 to be a pivotal year for......

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. Tesla affirms confidence in Chinese partners, repudiates supplier ban Tesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according to a senior......

Small and medium-sized enterprises (SMEs) are the world's quiet but dependable engines that are driving growth – making up about 90 per cent of the business landscape in most economies, according to the World Bank. “Across Asia-Pacific, small and medium-sized enterprises are the backbone of local economies,” Rhidoi Krishnakumar, head of Visa Direct in Asia-Pacific, says. As these SMEs start to expand and look beyond their established domestic markets, they often seek payment providers that can......

JD.com has agreed to acquire a stake in a major office tower in Hong Kong's Central district, mirroring a property move by its rival Alibaba Group Holding and offering a financial lift to the cash-strapped developer Lai Sun Development. Lai Sun Development and its parent Lai Sun Garment entered into an agreement with Jasmine Investment Development IV Limited, an investment entity of JD.com, to sell its 50 per cent stake in the China Construction Bank Tower for HK$3.5 billion (US$450 million),......

Hongkong Land has secured the return of international law firm Harneys to its office portfolio in the Central business district, in a deal that underscores improved sentiment in Hong Kong's premium commercial property market. Harneys, which mark its 20th year in Hong Kong in 2025, has signed an eight-year lease for 11,048 sq ft on the 14th floor of Alexandra House, part of Hongkong Land's Landmark complex. The firm, a repeat tenant previously based in Exchange Square, will relocate in February......

US pharmaceutical behemoth Pfizer has agreed to pay up to US$2.1 billion to Shanghai-based Fosun Pharma's unit Yao Pharma for an experimental oral obesity drug, underscoring the growing trend of Chinese drug makers selling early-stage assets to global multinationals. Under the licensing agreement, Yao Pharma would grant Pfizer an exclusive worldwide licence for the development, use, manufacturing and commercialisation of oral small-molecule drugs known as GLP-1 receptor agonists, including......

Microsoft pledged to invest US$17.5 billion on artificial intelligence and cloud computing in India over four years, targeting the world's most populous nation to help fuel its growth. Chief Executive Officer Satya Nadella made the announcement Tuesday after meeting with Prime Minister Narendra Modi in New Delhi, ahead of a tour through the country. Microsoft said the investment will focus on three pillars – scale, skills and sovereignty – which align with Modi's goal of building a broad......

OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology. OpenAI said Dresser will oversee global revenue strategy and “help more businesses put AI to work in their day-to-day operations”. Dresser had already spent more than a decade at Salesforce when the software pioneer announced in 2020 it was buying work-chatting service Slack for......

Hong Kong stocks fell for the third consecutive day on Wednesday, tracking a lacklustre session on Wall Street, as investors cautiously looked for clues on the US Federal Reserve's policy path next year. The Hang Seng Index lost 0.5 per cent to 25,382.56 as of 10.05am local time, extending Tuesday's 1.3 per cent loss. The Hang Seng Tech Index dropped 0.1 per cent. On the mainland, the CSI 300 Index fell 0.7 per cent and the Shanghai Composite Index slipped 0.5 per cent. Pharmaceutical firm WuXi......

Alibaba Group Holding said on Tuesday that it will set up a new division to push the consumer use of artificial intelligence applications based on its Qwen family of large language models. The new business unit, Qwen Consumer Business Group, led by Alibaba vice-president Wu Jia, will oversee the Qwen chatbot app, the Quark AI assistant and cloud drive, AI hardware products, the UC Browser and the online reading platform Shuqi. The move marked a significant organisational change at Alibaba to......

[The content of this article has been produced by our advertising partner.] Hong Kong's reputation as a global education hub is gaining momentum, according to HSBC Premier's latest Global Education Survey. The findings reveal that nearly seven in ten international parents with global education needs – particularly those living in the Greater Bay Area and other regions of mainland China – view the city as a valued destination for world-class learning. Two-thirds see Hong Kong as a preferred study......

[The content of this article has been produced by our advertising partner.] Aligning with the latest direction of I&T development outlined in the Chief Executive's Policy Address – which calls for accelerating AI advancement alongside the development of the Northern Metropolis and the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (the Loop) – ASTRI has intensified its push for AI+ applications. This initiative integrates AI with patented technologies across fields......

Investors are gearing up for a key economic policy meeting to be attended by President Xi Jinping and other top leaders, looking for signals on whether the high-stakes gathering will inject fresh momentum into a stock rally that has already run hard this year. The annual Central Economic Work Conference – a year-end fixture that sets the tone for the following year's macroeconomic agenda – is taking centre stage, with the market in need of new catalysts to extend a solid run this year. Investors......

Deep Robotics – one of the “Six Little Dragons” from Hangzhou, the capital of eastern Zhejiang province – on Tuesday said it had raised 500 million yuan (US$70 million) in fresh funding from a group of Chinese investors. According to the company's statement, its latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom. Deep Robotics founder and CEO Zhu Qiuguo, who also serves as......

China and Hong Kong stocks could deliver nearly 20 per cent gains in 2026, supported by resilient global growth, improving earnings and easing competition among e-commerce giants, according to JPMorgan. The bank expected the MSCI China Index to rebound further as valuations normalised and Beijing's push to curb excess capacity boosted profitability across key sectors, said Wendy Liu, chief China equity strategist at JPMorgan. “Earnings are giving us confidence,” Liu said during a media briefing......

China's artificial intelligence developers are expected to welcome Washington's go-ahead for Nvidia to ship its H200 AI chips to approved customers on the mainland, according to analysts, even as Beijing continues to drive the country's tech self-sufficiency efforts. In a post on his Truth Social platform on Monday, US President Donald Trump said he had informed his Chinese counterpart, Xi Jinping, of that decision “under conditions that allow for continued strong national security”. Xi had......

Hong Kong has launched a public consultation regarding a system for sharing information on crypto assets with other governments in compliance with international standards as the city ramps up initiatives to develop as a digital-asset hub. The government has invited members of the public to share views about the implementation of the Crypto-Asset Reporting Framework (CARF) and amendments in relation to the Common Reporting Standard (CRS) put forward by the Organisation for Economic Co-operation......

Chinese social media and gaming giant Tencent Holdings has pulled out of US media group Paramount Skydance Corp's takeover bid for Warner Bros Discovery to avoid heightened scrutiny of foreign investment in the United States, according to a filing on the US Securities and Exchange Commission's website. Tencent had pledged US$1 billion as part of Paramount's December 1 proposal to acquire Warner Bros, but the Shenzhen-based company was removed as a financing partner in Paramount's latest all-cash......

International and Chinese consumer brands will be forced to maintain a low-price strategy in mainland China amid persistent deflationary pressures, while looking to lower-tier cities and emerging sales channels for growth, according to a study by global consultancy Bain & Co and market research firm Kantar Worldpanel. Companies in the fast-moving consumer goods (FMCG) sector would need to respond quickly to new market trends with a focus on product affordability to increase sales volume, said......