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MingMed CEO Zhang Yan. Photo: Handout

Business

MingMed seeks Hong Kong listing to fund research and launch Botox alternative

Drug developer says it will set up an incubation centre in the Hong Kong Science and Technology Park in the third quarter.

Greater China property, finance firms face rising distress: AlixPartners

Could old coal mines help ease China’s solar-panel overcapacity?

Tech Trends

DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1

The Shanghai-based firm said its open-source M1 model is more efficient in tasks including maths and coding than the popular DeepSeek-R1.

MiniMax-M1 consumes half the resources and has a context window 10 times the size of DeepSeek-R1, according to the start-up. Photo: Shutterstock
MiniMax-M1 consumes half the resources and has a context window 10 times the size of DeepSeek-R1, according to the start-up. Photo: Shutterstock

China Business

China equities benefit from shift away from US assets: HSBC Asset Management

‘Despite ongoing uncertainties stemming from US tariffs, Chinese equities have shown strong resilience,’ asset manager says.

Big Tech

Unitree Robotics boosts capital base, paving the way for new fundraising round

Unitree has garnered significant attention, becoming a poster child for China’s dynamic robotics sector.

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Big Tech

Alibaba updates open-source Qwen3 models for AI deployment on Apple devices

This development appears to reflect Apple’s efforts to expand the availability of its Apple Intelligence suite to mainland China.

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In the MLX format, Qwen3 makes it possible to train and run a range of artificial intelligence models on the iPhone and other Apple devices. Photo: Shutterstock
In the MLX format, Qwen3 makes it possible to train and run a range of artificial intelligence models on the iPhone and other Apple devices. Photo: Shutterstock

Wealth

Hong Kong wealth legacy academy portal links rich patrons with charitable causes

The website will serve as a repository for philanthropic projects that wealthy families can participate in, chairman Adrian Cheng says.

Business

Michelin-listed Ancient Moon shuts during Hong Kong’s dining upheaval

The last day of operation of Ancient Moon in North Point is on July 19, according to its Instagram post.

Banking & Finance

Hong Kong IPO pipeline swells as Geely-backed ride-hailing platform enters fray

CaoCao, operator of mainland’s second-largest ride-hailing platform, seeks to raise nearly US$237 million with Hong Kong IPO.

CaoCao seeks to raise nearly US$237 million with Hong Kong IPO. Photo: Handout

China Business

Hong Kong, Shanghai to tighten financial ties at Lujiazui Forum

Financial Secretary Paul Chan will be present for signing of agreement outlining cooperation in ‘multiple layers and fields’, sources say.

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai on April 8, 2025. Photo: Reuters
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai on April 8, 2025. Photo: Reuters

Banking & Finance

Hong Kong-listed firms to get ‘green channel’ route under Shenzhen IPO plan: lawyers

H-share companies offer a badge of quality when applying for a Shenzhen listing, given the rigorous vetting process in Hong Kong.

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Banking & Finance

Asia-Pacific investors seek shelter in alternative assets amid global tensions

Appetite for private credit and equity has increased over the past six months among investors in the region, Coller Capital report shows.

China Business

Hong Kong stocks retreat as Middle East tensions raise inflation risk

‘The Middle East is once again the fulcrum of global market anxiety,’ an analyst at SPI Asset Management says.

People walk outside Exchange Square, home of the Hong Kong stock exchange, on May 20, 2025. Photo: Xinhua

Big Tech

China internet pioneer urges students to put off graduate school, start-up plans

Sohu.com founder Charles Zhang says college students need to ‘gain some real experience’ by working for a company.

Charles Zhang Chaoyang, the founder, chairman and CEO of Sohu.com. Photo: Shutterstock
Charles Zhang Chaoyang, the founder, chairman and CEO of Sohu.com. Photo: Shutterstock

Banking & Finance

Foshan Haitian raises US$1.3 billion in upsized Hong Kong stock offer

The company sold 279 million shares at HK$36.30 each, the top end of the marketed price range, according to terms of the deal seen by Bloomberg News.

China Business

Exclusive | SemiDrive to supply cockpit chips in European EVs as Chinese firms go global

‘Striving to be a top global chip supplier, we need to expand from the China market to the global market,’ general manager Eugene Wang says.

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Business

InvestHK pivots to support Hong Kong start-ups’ global growth

After 25 years promoting the city as an investment destination, InvestHK is now championing Hong Kong companies’ overseas expansion.

Illustration by Henry Wong
Illustration by Henry Wong

Banking & Finance

Step aside Shanghai, Hong Kong is China’s prize financial hub

Despite calling the two cities twin engines for finance, Beijing’s actions favour Hong Kong as China’s one true global funding hub.

Policy

Self-driving mining trucks offer a glimpse of China’s hi-tech future

A coal mine in Inner Mongolia showcases Beijing’s determination to transform traditional industries with advanced technologies.

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Banking & Finance

China equips Hong Kong with ‘toolbox’ to propel yuan amid de-dollarisation

Doubts about the dollar’s supremacy present a unique opportunity to accelerate the yuan’s internationalisation.

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Illustration: Henry Wong
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OPINION
Zhou Xin

My Take | China attains leverage in trade war on the back of its trump card: rare earths

Zhou Xin
4
Alex Au

Opinion | Hong Kong developing a yuan-pegged stablecoin would be a game changer

Alex Au
Chris Hayward

Opinion | London and Hong Kong can lead way in UK-China finance cooperation

Chris Hayward
Anthony Rowley

Macroscope | How the obsession with risky assets is putting global finance in peril

Anthony Rowley
Anthony W.D. Anastasi

Opinion | As China reins in the EV sector, 1 solution stands above the rest

Anthony W.D. Anastasi
Nicholas Spiro

The View | Hibor plunge a bigger deal for stock market than Hong Kong’s property sector

Nicholas Spiro
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MULTIMEDIA
Video

China’s largest EV battery maker starts strong on HK stock market

China’s largest EV battery maker CATL celebrates strong debut at Hong Kong stock market
01:44
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
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