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Ant Group acquires stake in Chinese memory chip firm InnoStar in self-sufficiency push

Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding…

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New Business

China’s turbine leap, a billion-dollar property sale in Hong Kong: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond…

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New Business

Hong Kong stocks fall for a third day, hurt by Meituan profit slump, Nvidia outlook

Hong Kong stocks fell on Thursday as the price wars in the food delivery and electric vehicle (EV) sectors and…

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New Business

China’s Pony.ai eyes ‘sizeable fleet’ in Hong Kong, unfazed by Tesla robotaxi competition

“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said…

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New Business

Japan’s niche chip gear makers should consolidate to reap rewards of AI boom: Marumae CEO

Prices are rising across Japan, but not for the components of chipmaking gear. Tokyo Electron supplier Marumae is seeking out…

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New Business

Huawei revamps cloud computing unit to prioritise AI amid China-US tech war

Huawei Technologies has begun a major restructuring of its cloud computing unit as the Chinese tech giant sharpens its focus…

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New Business

Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow…

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New Business

Tech war: which Chinese firm is supplying next-generation AI chips to DeepSeek?

The Hangzhou-based start-up’s cryptic one-line post on WeChat triggered online discussions about which AI chip supplier, or suppliers, would unveil…

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New Business

Nvidia halts H20 AI chip production amid China concerns: report

Nvidia has told some component suppliers to suspend production of its H20 AI chip, designed specifically for the Chinese market,…

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New Business

China’s Nvidia challenger Cambricon to raise US$560 million for AI chip development

Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan…

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