Foshan Haitian raised HK$10.13 billion in the stock offering, equivalent to US$1.29 billion, making it one of the biggest IPOs in Hong Kong so far this year. Cornerstone investors included …
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David Sacks says overly strict US export controls may backfire because China’s AI models are just ‘months behind’
January’s DeepSeek launch challenged assumptions that Chinese AI models were years behind the US, David Sacks said.
Taiwanese entrepreneurs in China feel heat from cross-Strait tensions
Bustling Taipei-style shopping streets, majestic temples to the island’s deities and thriving factories dot the eastern Chinese city of Kunshan. For years, Kunshan has been a hub for Taiwanese …
US, China collaboration vital for global supply chains
The global supply chain is also heavily reliant on Chinese companies for the manufacturing of ships, ceramics and textiles as China is the world’s biggest exporter of these products, data from the …
David Sacks said China is only months behind the US in AI, not years, despite export bans
David Sacks, who leads crypto and AI policy under President Donald Trump’s White House, warned on Wednesday that China is no longer playing catch-up. During an interview with Bloomberg Television, …
China to expand digital yuan globally and develop a multi-polar global currency system
The head of China’s central bank has sworn to expand the international use of the digital yuan. He also called for the development of a multi-polar global currency system, in which more than one …
Trump Adviser David Sacks Says China Adept at Evading Chip Curbs
White House crypto and artificial intelligence czar David Sacks warned that China has grown adept at evading US export controls and is at most two years behind American semiconductor design …
China’s Rare Earth Exports Slump in May as Magnet Sales Curbed
China’s exports of rare earth products — including powerful magnets now at the heart of tensions with the US — slumped to a fresh five-year low in May as Beijing’s export curbs choked flows.Most Read…
China hits back at Ursula von der Leyen’s ‘baseless, biased’ speech at G7 summit
The much-speculated EU-China reset looks in trouble after both sides exchanged sharp accusations in the last few days. View on euronews …
China’s central bank promotes blockchain and stablecoins as solution to payments
People’s Bank of China (PBoC) governor emphasized blockchain’s role and distributed ledgers for global payments at the Lujiazui Forum event.
Alibaba-backed MiniMax mulls Hong Kong IPO – report
Chinese AI startup MiniMax is considering an IPO in Hong Kong, Bloomberg News reported. MiniMax, one of China’s so-called ‘new AI tigers or dragons which is valued at about $3B, could aim to list as…
China’s E-Commerce Giant JD.com Tests Stablecoins in Hong Kong
Key Takeaways Chinese e-commerce giant JD.com has entered the stablecoin arena, testing HKD-pegged tokens in Hong Kong’s regulatory sandbox. JD has completed the second phase of its testing and aims …
China’s mining giants Bitmain, Canaan, and MicroBT set up US factories to avoid Trump’s tariffs
Bitmain, Canaan, and MicroBT — the three biggest Chinese bitcoin mining rig manufacturers — are now building their machines in the United States.
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