Chinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the world’s most cutting-edge technology. AI model developer MiniMax Group logged net buying of HK$10.1 billion (US$1.29 billion) last month, the most among…
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Microsoft is steadily retreating from China as geopolitical tensions, US export controls and Beijing’s push for domestic technology undermine its business, talent retention and long-term prospects in the market. Microsoft has been retracting its presence in the Chinese market. In the last five years, at least 15 Microsoft branches, offices and joint ventures in China…
Lab monkeys now cost $26,294 each in China, and biotech firms say sourcing them is as hard as securing Nvidia chips. In June, a Chinese state laboratory paid 178,000 yuan—about $26,294—for each of 40 cynomolgus macaques. Twelve months earlier, the same animal would have cost roughly half that. Similar spikes have rippled through the industry,…
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 04: Anthropic Co-founder and CEO Dario Amodei speaks at the “How AI Will Transform Business in the Next 18 Months” panel during INBOUND 2025 Powered by HubSpot at Moscone Center on September 04, 2025 in San Francisco, California. (Photo by Chance Yeh/Getty Images for HubSpot)Getty Images for HubSpot In business,…
Hong Kong’s export surge will extend into the coming months, driven by the global AI boom, economists have told the South China Morning Post, adding that GDP growth could surpass official forecasts. Billy Mak Sui-choi, an associate professor at Baptist University’s department of accountancy, economics and finance, said global demand for artificial intelligence (AI) remained…
Taiwanese prosecutors on Monday indicted a former deputy manager at Taiwan Semiconductor Manufacturing Company (TSMC) for allegedly stealing trade secrets involving technologies designated as national core technologies, with the intent to use them in China. The defendant, identified by the surname Chen, faces charges under Taiwan’s National Security Act and the Trade Secrets Act. Prosecutors…
Smaller, family-run businesses in mainland China are embracing advanced artificial intelligence (AI) more readily than large enterprises, while market agility and steady power supplies will determine the winners of the global AI race, industry leaders have said at a forum in Indonesia. Panel speakers at the inaugural Nusa Dua Forum in Bali, organised on Friday…
Quick Read Jim Farley warned China holds enough existing factory capacity to serve the entire North American auto market and eliminate Ford. Rockwell Automation (ROK) and NVIDIA (NVDA) are already booking orders as the supply chain feeding America’s dark factory race grows now. No dark factory exists in the US yet, but analysts predict at…
The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of…