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In the last quarter of 2025, SMIC was the world’s third-largest foundry with a 5.2 per cent market share. Photo: Shutterstock Images

Tech Trends

‘Panic’ over capacity crunch in mature node chips drives orders to Chinese fabs

AI demand shifts chip production to China, boosting SMIC’s capacity and revenue as global foundries focus on high-margin AI chips.

Meet Zhou Qunfei: the woman seated between Cook and Musk at China state banquet

Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

Big Tech

China’s top chip foundries forecast second-quarter growth amid AI boom

Bai Peng, Hua Hong’s chairman and president, downplayed the impact of US export controls on the company’s capacity expansion plans.

The SMIC logo is displayed outside one of its facilities in Shanghai, March 15, 2024. Photo: AFP
The SMIC logo is displayed outside one of its facilities in Shanghai, March 15, 2024. Photo: AFP

Big Tech

Alibaba, Tencent present a tale of two strategies for AI spending

Alibaba will focus its AI capex on cloud services, while Tencent is prioritising internal demand with its spending.

China EVs

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts.

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Big Tech

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

A pedestrian walks past an Alibaba display outside a company office building in Shenzhen, China. Photo: Getty Images
A pedestrian walks past an Alibaba display outside a company office building in Shenzhen, China. Photo: Getty Images

Tech Trends

Chinese memory module makers ramp up production with new CXMT DRAM

Founded in 2016, CXMT is widely regarded as China’s only domestic DRAM maker to have achieved mass production.

Big Tech

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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Big Tech

AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth

CEO Pony Ma told shareholders there was the beginning of a turnaround, but that the company was ‘not yet seated’.

People walk in front of the Tencent headquarters building in Shenzhen. Photo: EPA

Tech Trends

How ByteDance plans to turn OpenClaw craze into a profitable AI business

ArkClaw’s subscription model and surging token demand mark ByteDance’s new approach to agent economics.

The logo of OpenClaw, an open-source AI assistant. Photo: Reuters
The logo of OpenClaw, an open-source AI assistant. Photo: Reuters

Banking & Finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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Tech Trends

China’s chip dream: Loongson challenges Intel, fuelled by Beijing’s tech drive

Since its launch in November 2023, the 3A6000 has been adopted in a Chinese government-backed IT replacement programme called ‘XinChuang’.

Big Tech

China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit

The role of tech products in April’s trade data reflects how computing-related goods are a ‘new and important growth driver’ for exports.

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Chinese trade received a significant boost from the technology sector in April. Photo: Shutterstock Images

Policy

Tencent wins conditional antitrust approval for US$2.4b Ximalaya acquisition

The State Administration for Market Regulation cleared the deal on Tuesday, but imposed five conditions.

Tencent announced its plan to acquire Ximalaya last June through its subsidiary Tencent Music Entertainment Group. Photo: Shutterstock Images
Tencent announced its plan to acquire Ximalaya last June through its subsidiary Tencent Music Entertainment Group. Photo: Shutterstock Images

Tech Trends

JD.com reports 53% decline in first-quarter profit to US$750m

The subdued results came after the firm reported its first quarterly loss in the fourth quarter last year amid an ongoing price war.

China Business

China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS

Company’s shares jump in Hong Kong and Shenzhen after tie-up that bolsters China’s growing drug innovation profile.

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Tech

Prognosis positive: how AI could help China bridge the medical resources gap

Hospitals, medical professionals and patients stand to benefit as country pushes to integrate AI into healthcare sector.

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Illustration: Henry Wong
Illustration: Henry Wong

Big Tech

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

Western competitors like GoPro face shrinking footprints as strategic shifts of Chinese firms disrupt the status quo while navigating FCC-led national security bans.

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Blockchain

Has Hong Kong laid the groundwork to become a world-leading crypto hub?

With its regulatory clarity and superconnector edge, the city is drawing global crypto firms as it emerges as a premier Web3 hub.

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Big Tech

Why China’s tech giants cannot afford to lose the global AI race

AI rivalry is challenging the traditional strategies of China’s ‘big tech’ firms and how they have monetised their products in the past.

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Illustration: Henry Wong
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China Future Tech
HIGHLIGHTS FROM
China Future Tech

Big Tech

China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit

24
Chinese trade received a significant boost from the technology sector in April. Photo: Shutterstock Images

China Business

Chinese EV makers hunt for idled plants in Europe as they expand global influence

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A BYD Sealion 7 on display at the Baltic Motor Show in Riga, Latvia, on April 24. Photo: EPA

Tech Trends

‘Panic’ over capacity crunch in mature node chips drives orders to Chinese fabs

In the last quarter of 2025, SMIC was the world’s third-largest foundry with a 5.2 per cent market share. Photo: Shutterstock Images

Big Tech

Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

AI systems that can automate the AI research and development process have long been seen as the holy grail of AI research. Photo: Shutterstock Images

Big Tech

China’s top chip foundries forecast second-quarter growth amid AI boom

The SMIC logo is displayed outside one of its facilities in Shanghai, March 15, 2024. Photo: AFP
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