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MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong…

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Horizon Robotics plans to raise US$595 million in Hong Kong share placement

Horizon Robotics, which makes artificial intelligence chips for self-driving cars, plans to raise around HK$4.67 billion (US$595 million) with a…

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New Business

UBS upbeat on China stocks, citing tariff pause with US and potential Beijing stimulus

“I’m optimistic on China and Hong Kong, as the markets should focus on the valuation opportunities that they represent,” said…

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New Business

Temu, Pinduoduo owner PDD faces profit challenge amid Trump tariffs, domestic competition

Chinese discount e-commerce giant PDD Holdings, operator of Temu and Pinduoduo, faces increased profitability challenges amid US President Donald Trump’s…

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With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes

China’s move to cut key lending rates to a six-year low to revive the housing market is likely to generate…

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New Business

CATL’s 12.5% debut in the year’s biggest IPO boosts Hong Kong to No 1 in global ranks

Trading under the stock code 3750, CATL shares first changed hands on Tuesday at HK$296, or 12.5 per cent above…

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New Business

Exclusive | Spain’s Gestamp plans to expand China output as vehicle parts maker goes against the herd

Gestamp, one of the world’s top manufacturers of metal parts for cars, is pursuing acquisition opportunities in China’s automotive sector,…

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New Business

China preps for protracted trade fight with hints of rate cuts, fiscal upswing

China said its policy tools are at the ready in response to last week’s “reciprocal tariff” blitz from Washington, a…

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New Business

Hongkongers’ Shenzhen shopping sprees abate, in relief for retail owners, UBS and JLL say

Hong Kong’s downtrodden retail sector could be headed for a turning point in coming months, as city residents show less…

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New Business

Global banks see upside in Chinese stock rally as international capital ‘rotates’ in

Chinese stocks are set to extend their world-beating rally, albeit at a slower pace, as breakthrough artificial intelligence (AI) technology…

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