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China’s top chipmaker SMIC offloads stake in Ningbo affiliate to focus on core operations

Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chipmaker, has divested its entire stake in an unprofitable chip foundry…

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New Business

Local governments halt some subsidies on purchases ahead of China’s 618 shopping festival

With e-commerce platforms gearing up for one of China’s biggest shopping festivals of the year, some local governments have suddenly…

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New Business

Tech war: China’s top three EDA firms under spotlight after US ban on chip design tools

The restrictions, however, are expected to help strengthen China’s semiconductor self-sufficiency efforts, according to the latest research note by ICBC…

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New Business

Xiaomi’s EV unit to become profitable this year, CEO Lei Jun says

Chinese smartphone maker Xiaomi will start making money from its electric-vehicle (EV) venture by the end of this year, according…

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Hong Kong’s Link takes rental hits amid fight to retain retail tenants

Hong Kong-based Link Asset Management expects more tenants to negotiate lower rents in the near term as it prioritises keeping…

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OKX envisions future running on blockchain as crypto exchange shifts focus from Hong Kong

OKX, one of the world’s largest cryptocurrency exchanges by trading volume, is preparing for explosive growth in blockchain adoption in…

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China’s Zhuhai backs new tech company, joining Shenzhen in race to be AI, robotics hub

The municipal government of Zhuhai in southern Guangdong province has launched a new company as part of an ambitious programme…

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Wealthy investors see ‘time to buy’ Hong Kong stocks amid trade war: Standard Chartered

Wealthy investors remain undeterred by recent stock market turmoil triggered by the US tariff policy, viewing it instead as the…

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Chinese robot makers led by Unitree dazzle at Macau’s Beyond Expo amid AI boom

Chinese robot firms, including leading companies such as Unitree Robotics and Engine AI, vied for attention at a technology conference…

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New Business

China’s top exporter, Shenzhen, takes US tariff blow on the chin in April, lagging nation

China’s top exporting city saw its levels fall in April despite stronger-than-expected national growth, suggesting traders are not yet out…

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