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China’s Zhipu AI launches US$560 million share sale as Hong Kong’s IPO tech race heats up

Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving…

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New Business

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for drug discovery

“Biotechnology is a high-risk field like a ‘molecular casino’,” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose…

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New Business

Trip.com tests stablecoin payments overseas, offering USDT and USDC for prepaid bookings

Trip.com has started to allow some overseas users to pay for prepaid hotel and flight bookings with the stablecoins USDT…

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New Business

Webull delivers zero fees and full investing power

A business model built on efficiency Webull’s “True Zero Fee” campaign is not merely a pricing tactic, but a product…

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New Business

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

With the first wave of commercial Chinese real estate investment trusts (REITs) set to launch in the next two years,…

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New Business

Macroscope | Has China’s stock market gone from ‘uninvestable’ to ‘irresistible’?

As 2025 draws to a close, Wall Street’s love affair with Chinese equities is in full swing. While the relationship…

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New Business

Hong Kong to broaden crypto rules with new licences for dealers and custodians

Hong Kong will broaden its crypto rule book next year, with regulators preparing new licensing regimes for virtual asset dealers…

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New Business

AI-for-Science start-up DP Technology raises US$114 million in Series C round

DP Technology – the developer of a suite of AI tools used by researchers for work spanning drug design to…

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New Business

Chinese AI champion iFlytek sets up new entity to expand into semiconductor design

The new entity, Shandong Yixun Information Technology, was incorporated last week with a registered capital of 50 million yuan (US$7.1…

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New Business

China’s Deep Robotics joins IPO rush as embodied intelligence sector heats up

Deep Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has taken the first formal step towards a mainland stock…

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