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Hong Kong stocks rose for a third day on Friday, putting the benchmark gauge on course for its longest winning streak in three weeks, after softer US inflation data bolstered the case for monetary easing. The Hang Seng Index advanced 0.3 per cent to 25,588.85 as of 10.04am local time. The Hang Seng Tech Index dropped 0.6 per cent. On the mainland, the CSI 300 Index climbed 0.2 p...
China is gaining a solid reputation as a pharmaceutical innovation hub, shifting from a copycat drug maker to one whose infrastructure and research and development capabilities rival global pharmaceutical behemoths, according to a global consultancy. US-based SAI MedPartners and its unit Idea Pharma recently launched a new index with the aim of highlighting Chinese drug makers a...
China’s energy storage firms, battered by a three-year price war, have been jolted by lithium battery maker Deegares, which has announced plans to raise prices by 15 per cent, a move that is sparking debate over whether the sector could be the first to break free from the “involution” cycle. Rising lithium costs were the immediate trigger, with at least three other battery maker...
China is expected to remain the world’s biggest buyer of semiconductor manufacturing equipment through 2027, as domestic chipmakers keep expanding capacity under Beijing’s push for greater tech self-sufficiency, according to a new industry report. Sustained investment across both mature-node and leading-edge processes would keep China the largest market for chipmaking tools unti...
Chinese artificial intelligence pioneer SenseTime has open-sourced a “world model” and kicked off its foray into the burgeoning field of embodied intelligence by releasing its first robotic dog. The Hong Kong-listed AI firm’s new venture, Ace Robotics, on Thursday released Kairos 3.0, an open-source model that simulates the physical world, and a developer platform called “KaiWu”...
