Nearly half of the biotech and technology start-ups seeking initial public offerings (IPOs) in Hong Kong are opting for confidential filings under a new listing channel that allows them to protect sensitive data, according to a lawyer with international law firm Cooley. Companies choosing confidential filings often have concerns about sensitive information being released to…
China’s cyberspace regulator has summoned Nvidia to explain whether its H20 chips have any “back-door safety” risks, casting a shadow over the US chip giant’s local operations. The Cyberspace Administration of China (CAC), the agency responsible for cybersecurity, said in a statement on Thursday that it had summoned and interviewed Nvidia regarding the risks associated…
A deadline for exclusive talks on a US$23 billion sale of global port stakes by Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings passed without a deal on Sunday, with analysts expecting complex negotiations to be extended amid intense US-China geopolitical rivalry. The controversial transaction involved CK Hutchison selling stakes in 43 ports, including two…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Britain’s economic output shrank by 0.1% in May, official data showed on Friday. Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April’s level. Britain’s economy expanded rapidly in the first quarter of 2025, outstripping growth in other countries in the Group of Seven advanced economies. In May…
TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, technology and business news website The Information reported on Sunday, citing unnamed sources. The news comes as US President Donald Trump said on Friday he will start…
The official X (formerly Twitter) handle of international news agency Reuters has been withheld in India following a “legal demand,” as indicated by a message displayed on its profile to Indian users. The reason behind the action remains unclear, as Reuters has not yet issued an official statement explaining the circumstances or nature of the…
US President Donald Trump has reaffirmed his interest in visiting China and announced that talks between Beijing and Washington were set to start early next week on a possible TikTok deal that could determine the future of the popular video-sharing platform. The fate of TikTok, which faces a potential ban in the US over national…
The rapidly evolving landscape of artificial intelligence has taken a contentious turn with recent allegations against DeepSeek, a Chinese AI startup. According to a senior U.S. official speaking to Reuters, DeepSeek has been accused of aiding China’s military and intelligence operations, a claim that raises significant concerns about national security and the enforcement of export…