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Hong Kong Exchanges and Clearing (HKEX) has amended its post-listing public float rules to give companies greater flexibility in managing capital while strengthening market transparency. The bourse operator will allow listed companies to meet an alternative ongoing public float threshold, requiring at least 10 per cent of issued shares in the listed class and a market value above HK$1 billion (US$128.5 million). For mainland China-listed firms, or A shares, their Hong Kong shares must represent......

China's open-source artificial intelligence models may have caught up or “even pulled ahead” of their US counterparts in capabilities and adoption, a Stanford University report has found. The country's status as a leading AI power meant that US firms should not avoid “selective engagement” with Chinese AI labs, academics and policymakers, given the wide range of AI governance and safety challenges Chinese players faced, according to the report published on Tuesday. The report was prepared by......

Tencent Holdings has initiated a major restructuring at its artificial intelligence group with the promotion of recent high-profile recruit Vinces Yao Shunyu, a former researcher at OpenAI. Without mentioning his Chinese name, Shenzhen-based Tencent's announcement on Wednesday came with a photo of Yao. He was tasked to lead the company's new AI infrastructure efforts, including the development of large language models (LLMs). Yao's official position is chief AI scientist under the CEO's office......

Chinese tablet makers, including Xiaomi and Honor, have raised prices across their product lines as they scrambled to absorb soaring costs of memory chips. Xiaomi, the Beijing-based smartphone and electric vehicle maker, has imposed mark-ups of 100 yuan (US$14) to 300 yuan on several tablet products this week, including its entry-level Redmi Pad 2 and the premium Xiaomi Pad 8 series. The Redmi Pad 2, launched in June this year with a starting price of 999 yuan, now carries a price tag of 1,199......

He Xiaopeng, co-founder and CEO of Chinese electric vehicle (EV) maker Xpeng, is not concerned about a bubble in the artificial intelligence sector and believes autonomous cars will outperform human drivers sometime soon. Sharing his thoughts on Weibo, the billionaire entrepreneur tried to allay public concerns about an overheated AI industry, adding that he foresaw vast opportunities ahead. “Any technological revolution will inevitably see bubbles in some aspects during a certain period of......

Chinese smartphone and electric vehicle (EV) giant Xiaomi has released and open-sourced a new artificial intelligence model, MiMo-V2-Flash, that is expected to match up well against the latest systems from DeepSeek, Moonshot AI, Anthropic and OpenAI. Available worldwide on Xiaomi's developer site MiMo Studio, Hugging Face and the API Platform, MiMo-V2-Flash “particularly excels in reasoning, coding and agentic scenarios, while also serving as an excellent general-purpose assistant for everyday......

The 50,000-seat Kai Tak Stadium is transforming Hong Kong into a major sports and events destination, as it drives repeat tourism, supports retailers and helps prop up the city's retail property landlords, according to experts. It served as the venue for British rock band Coldplay's four-night concert in April and K-pop girl group Twice's first-ever shows in the city earlier this month. A three-night gig by K-pop sensation Blackpink will also be held there next month. The stadium has been ranked......

OpenAI is in initial discussions to raise at least US$10 billion from Amazon.com and use its chips, a potential win for the online retailer's effort to broaden its AI industry presence and compete with Nvidia. The deal under discussion could value OpenAI north of US$500 billion and see it adopt Amazon's Trainium chip, a person with knowledge of the matter said, asking to remain anonymous to describe private negotiations. Talks, however, are at a preliminary stage and terms could change, the......

Distressed mainland developer China Vanke has unveiled a revised bond extension proposal, seeking approval from creditors after its initial three payment extension bids were rejected, a development that has fuelled concerns about the crisis-hit property sector. Holders of the 2 billion yuan (US$366 million) bond – which matured on Monday – would vote on the revised plan from Thursday to Monday, according to a filing to the Shanghai Clearing House on Tuesday. The proposal needs to secure the......

[The content of this article has been produced by our advertising partner.] Artificial intelligence (AI) is redefining the future-ready talent landscape, creating an urgent need for skills that blend technical fluency with critical and creative thinking. This shift calls for classrooms that move beyond traditional instruction toward skills-based learning, where teachers serve as designers of meaningful experiences that enable students to learn, think and apply AI knowledge across......

[The content of this article has been produced by our advertising partner.] As Hong Kong advances toward regulated digital money, a new era of digital payments is taking shape. With the Hong Kong Monetary Authority (HKMA) preparing for licensed, fully asset-backed HKD stablecoins as early as 2026, the city is moving beyond the volatility of “crypto” and into a future of where money moves instantly, securely and at lower cost. Stablecoins Are Not Crypto — They Are Digital Cash For many people,......

Hong Kong stocks traded in a narrow range on Wednesday, with the benchmark hovering near a three-week low as traders weighed the prospects of monetary easing after a mixed reading on the US labour market. The Hang Seng Index fell 0.1 per cent to 25,227.58 as of 10.09am local time. The Hang Seng Tech Index dropped 0.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index was little changed. Chinese sportswear maker Li Ning rallied 2.7 per cent to......

Mannings, one of Hong Kong's largest health and beauty chains, will cease all retail operations in mainland China, both online and offline, as it adjusts its strategy in the highly competitive market. In a letter to its members, Mannings China said “its physical stores on the mainland will close permanently after January 15, 2026”. Its online sales channels will wind down even earlier. Mannings' official mini mall on Tencent Holdings' WeChat will stop service at midnight on December 28, 2025,......

Shares of HashKey Holdings, operator of Hong Kong's largest licensed cryptocurrency exchange, were flat on their trading debut, as investors shunned risk amid a downturn in both equity and digital asset markets. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share. The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised HK$1.6 billion (US$206 million) in the city's first......

MetaX Integrated Circuits soared on its trading debut in Shanghai, as investors piled into the second producer of graphics processing units (GPUs) to go public this month amid optimism about China's push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company began trading at 700 yuan on Wednesday on the technology-heavy Star Market, surging 595 per cent from their offer price of 104.66 yuan. That made the five-year-old company the fourth-best......

Mainland China's 17 million Alzheimer's patients can, for the first time, pay less out of pocket for a costly drug touted as “historic” and “the beginning of the end” for the memory-robbing disease after Beijing launched a commercial insurance innovative drug list in an effort to make medicines more accessible and affordable. Leqembi, developed by Japan's Eisai and costing a mainland Chinese patient about US$28,400 a year, could see its price cut by half after it was added to the inaugural......

Chinese artificial intelligence models from Alibaba Cloud and DeepSeek have edged out US-developed models to feature in the top six of a new ranking of leading AI models' alignment with Christian worldviews. Alibaba Cloud's Qwen and DeepSeek's R1 models were evaluated along with a host of leading US models as part of Colorado-based AI company Gloo's Flourishing AI Christian (FAI-C) benchmark, which was launched on Monday. Led by former Intel CEO Pat Gelsinger, Gloo said its benchmark tested AI......

Shenzhen-listed Sieyuan Electric, a grid-equipment maker whose shares have surged about 665 per cent over the past five years, is planning a secondary listing in Hong Kong. The move would give Sieyuan, already a favourite among overseas investors, more direct access to international capital as it pushes into global markets amid rising demand for grid upgrades driven by data centres and artificial intelligence. The company said on Monday night it plans to issue new H shares equal to no more than......

[The content of this article has been produced by our advertising partner.] A team once known for building autonomous driving intelligence is now using the same technical discipline to unlock new creative possibilities. Their work has produced Animon.ai, which CreateAI presents as the World's First AI Video Generator built specifically to generate anime-style videos from a single image or idea. “We haven't left AI. We have redirected world-class autonomous driving capabilities into AIGC,” says......

China's artificial intelligence video market is heating up as companies race to launch generative tools, promising to produce high-quality, realistic clips, fuelled by the growing adoption of AI in video creation across industries. Beijing-based Shengshu Tech, the first mainland Chinese firm to roll out a challenger to OpenAI's Sora video generation tool, on Tuesday unveiled an AI agent it said was a “one-click professional video creation tool”, capable of turning images into high-quality,......