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Hong Kong’s initial public offering (IPO) market is heading for its busiest month in four years, as a late rush of listings gathers pace despite the traditional slowdown around the Christmas and New Year holidays. At least 15 companies were set to go public by the end of December, with drug-discovery firm Insilico Medicine planning one of the largest deals in the final stretch o...
Chinese electric vehicle (EV) leader BYD has reinforced its push to build and sell more cars fitted with level 3 (L3) autonomous driving systems after Beijing took its first step towards deregulating the technology. The company collaborated with authorities in Shenzhen, where it was based, to test some of its cars ahead of mass production, according to China Business News. BYD c...
Hong Kong stocks resumed their decline on Thursday, with technology stocks leading the sell-offs on growing jitters that a global boom in artificial intelligence could turn into a bubble. The Hang Seng Index fell 0.3 per cent to 25,391.46 at 10.10am local time. The Hang Seng Tech Index dropped 1.2 per cent. On the mainland, the CSI 300 Index slid 0.5 per cent and the Shanghai Co...
Chinese robotics manufacturers are set to cement their dominance in the global smart vacuum market with Picea Robotics’ acquisition of Roomba maker iRobot, after the US firm’s proposed sale to Amazon.com last year fell through due to regulatory hurdles. China-based suppliers held the top five spots for worldwide smart robotic vacuum shipments in the first three quarters of 2025,...
Lisa Su, chair and chief executive of Advanced Micro Devices (AMD), on Wednesday met the Chinese minister of industry and information technology (MIIT), where she affirmed the US chipmaker’s “commitment to deepening its investments” in China, the ministry said. On her second day of a China trip, Su exchanged views with MIIT head Li Lecheng on “strengthening cooperation in the di...
