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Lidar giant Hesai seeks US$500 million in Hong Kong dual listing amid US-China tensions

Hesai Group, the world’s largest supplier of automotive lidar sensors, is seeking to raise up to HK$3.9 billion (US$500 million)…

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New Business

TSMC to see near-term ‘operational risk’ after US revokes China chip equipment waiver

The US action, with effect from December 31, rescinded TSMC’s fast track export privilege known as Validated End User (VEU)…

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New Business

China investigates former stock market regulator Yi Huiman for disciplinary breaches

Yi Huiman, the former regulator of China’s equities market, is being investigated for disciplinary breaches, as the country’s long-standing anti-graft…

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New Business

Legal battle among ‘secret’ family of Wahaha founder exposes China’s wealth succession crisis

In the last few weeks of his life, Chinese soft drinks billionaire Zong Qinghou scrambled to sign wills and set…

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Cambricon shares slump 14%, the most in 7 months, as reality check hits investors

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the…

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China starts aviation training for Southeast Asia as it pushes C919, home-grown jets

China is training representatives from Southeast Asia this month in an effort to promote its home-grown civilian aircraft, as the…

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China’s second-half property outlook to pick up as slump recedes, Morgan Stanley says

China’s major property developers can expect their businesses to pick up in the remaining six months of this year as…

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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

Unitree dispels fear of armed quadrupeds before IPO, stressing ‘robots for civilian use’

Unitree Robotics has issued a statement to dispel fear about its robot dogs being retrofitted with armaments for military use,…

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New Business

China’s ‘Moutai of funeral services’ posts first loss in a decade as consumers stay cautious

China’s largest cemetery operator and funeral services provider, Fu Shou Yuan, reported its first loss in more than a decade,…

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