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South China Morning Post

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AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark

The artificial intelligence frenzy has made Zhongji Innolight, a supplier of optical modules to US hyperscalers, the biggest constituent of China’s stock benchmark, highlighting AI’s profound impact on the world’s second-largest equity market. The northern Shandong province-based company had a 5 per cent weighting on the CSI 300 Index on Friday, making it the largest of the 300 most valuable stocks on the Shanghai and Shenzhen exchanges. The index’s weighting is based on the market...

South China Morning Post

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Chinese satellite company releases images of Nvidia, Apple HQs

After it was sanctioned by the US government for allegedly helping Iran, a Chinese satellite company has released high-definition images of the Nvidia and Apple headquarters in California’s Silicon Valley. They were among photos posted on social media on Monday by Changguang Satellite based in Changchun, in northeast China. The satellite images – captured by the company’s Jilin-1 constellation – offer a detailed bird’s-eye view of the region. They include the futuristic Endeavour and Voyager...

South China Morning Post

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Canada PM unveils AI strategy, warns of foreign dominance

Prime Minister Mark Carney launched his AI strategy on Thursday, warning Canada’s slow adoption of the frontier technology had created risks and that domestic capacity needed a boost to avoid it being “weaponised against us”. Reducing Canada’s reliance on the US is a central part of Carney’s agenda, and his AI strategy nodded to concern about the influence of US tech giants. “We are highly dependent on foreign suppliers for the infrastructure that powers AI,” he said. “That creates real risks...

South China Morning Post

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A Chinese robotics start-up beat Nvidia on a global AI ranking. Is a new tech war brewing?

As artificial intelligence steps out of the digital realm and into the real world, the race to build the embodied “brains” powering next-generation robots has become the newest battleground in tech competition between China and the United States. Two days after US chip giant Nvidia launched its Cosmos 3 model – designed to help physical AI “think before it acts” – a Chinese start-up stole the spotlight. On Wednesday, Hangzhou, Zhejiang province-based Spirit AI said its foundation model for...

South China Morning Post

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China plans compute futures in Shanghai as AI computing demand surges

China is preparing to launch compute futures in Shanghai, signalling a push to link financial markets to computing power as the global AI boom drives new demand for digital infrastructure. The Shanghai municipal government has released guidelines stating the new financial derivative would form part of efforts to turn the city into a global wealth management hub. It is the first time Shanghai’s authorities have explicitly mentioned compute futures in an official document. “In light of the central...

RTHK News (Hong Kong)

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'People-to-people exchanges drive HK-Kazakh ties'

People-to-people exchanges are already laying the groundwork for a different kind of Belt and Road collaboration. That's on full display in Astana as Chief Executive John Lee’s delegation wrapped up the Kazakhstan leg of his Central Asian tour with a visit to Nazarbayev University (NU) on Wednesday. Two individuals on the NU campus – a Hong Kong-born engineering professor and a local Kazakh startup founder – believe the story lies not just on a government level, but also in student exchanges, educational technology innovation and a new business corridor between Astana and Hong Kong. For the past eight years, Annie Ng, an associate professor at NU’s School of Engineering and Digital Sciences, is one of the few Hongkongers working in Kazakh academia. Ng said the chief executive’s visit is a long-overdue catalyst. “I think this is a very good start. I believe there will be more MoUs and more collaborations with different university institutes in Hong Kong with NU and Kazakhstan – not just for research, but also other education programmes or short courses,” she said. Ng sees Kazakhstan as a pivotal player under the Belt and Road framework, but notes a gap in Hong Kong’s engagement compared with the mainland. While there has been a growing number of mainland tourists and entrepreneurs in Almaty and Astana, she said Hongkongers remain conspicuously absent and should explore opportunities in Kazakhstan. “Young people will be more interested here and explore something new – not a typical country to visit. Kazakhstan, Central Asia, we are also close to other Central Asian countries,” she said. For Hong Kong businesses, she said, the potential is tangible. “A lot of things are developed in Hong Kong but not here. They can find a lot of room to expand their business.” Nurken Bolatov is chief operational officer of Artisan Education, a startup based on the NU campus that produces engineering kits and a web-platform for learning robotics, programming and STEM. Bolatov’s company has already been accepted into the ideation programme at the Hong Kong Science and Technology Parks (HKSTP). “For us, I hope it’s a great opportunity and experience to try our products in another region, with other students, and get some more feedback,” he said. But his ambitions for Hong Kong go beyond market testing. He sees the city as a manufacturing gateway. “There are a lot of manufacturers in Hong Kong and in China, so probably it would be great for us to cooperate with them so we can produce a lot more of our products.” He also hopes to tap into Hong Kong’s talent pool. “As I know, there are a lot of strong universities in China and in Hong Kong. Probably it would be helpful to find some potential team members to get into our project.” His startup is already piloting its products in several countries, including South Korea, Türkiye and the UK. Edited by Edmond Fong

South China Morning Post

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DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL

Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shifting strategy for the AI breakout star, which had previously resisted external capital. Market-oriented investors and...

South China Morning Post

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Chip prodigy returns to China, coal waste used for critical minerals: 7 science highlights

We have put together stories from our coverage on science from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Chinese archaeologist who discovered 5,000-year-old city pleads guilty to corruption Liu Bin, a Chinese archaeologist credited with discovering a vast 5,000-year-old prehistoric city that rewrote the history of Chinese civilisation, has pleaded guilty to taking bribes and embezzlement. 2. Chip prodigy Da Bo...

South China Morning Post

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China’s AI chip demand pushes South Korea into a rare surplus with top trade partner

South Korea has emerged as a rare bright spot among East Asian economies trading with China, as booming demand for memory chips pushes its balance with its largest trading partner back into a surplus. The country’s trade position with China had strengthened steadily this year, swinging from a US$764 million deficit in December 2025 to a US$1.1 billion surplus in February, before widening further to US$3.8 billion in May, according to data from South Korea’s Ministry of Trade, Industry and...

South China Morning Post

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Trump’s AI order seeks security safeguards without slowing race with China

US President Donald Trump signed a long-awaited executive order on artificial intelligence (AI) on Tuesday, which asked technology companies to voluntarily share advanced models before they are released, signalling a shift in the administration’s largely laissez-faire approach to the industry. The voluntary framework allows the government to vet powerful new AI systems up to 30 days before their public release, but stops short of mandating review regulations, which were reportedly considered. It...

South China Morning Post

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‘Terrified!’: Chinese man spends US$28 to look like Jensen Huang, garners large following

A young man in rural China has gained tens of thousands of online followers in two weeks by impersonating Nvidia CEO Jensen Huang. Yang Yang, 28, who lives in a village in Dandong in northeastern Liaoning province, has gone viral on social media for his videos showing him imitating the artificial intelligence (AI) titan. He released the clips using an account called @huangyinxun, which is how Huang’s Chinese name is pronounced in the northeastern China dialect. Yang has shared over 20 clips...

South China Morning Post

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Tencent shares jump on expectations of AI agent within WeChat super app

Shares of Tencent Holdings surged as much as 8 per cent on Tuesday, driven by investor optimism over reports that the Chinese tech giant is close to launching an artificial intelligence agent within its super app WeChat. Tencent was testing a prototype AI agent for the WeChat ecosystem, which boasts 1.4 billion active users, and planned to start the compliance process as soon as this month for a public launch, according to a report by the Financial Times on Tuesday, citing anonymous sources. The...

South China Morning Post

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China’s SAIC plans to build first EU car plant in Spain’s Galicia

China’s SAIC Motor plans to set ⁠up a car ⁠factory in Spain’s ⁠northwestern region of Galicia that would be its first production facility in the European Union, the regional government said on Monday. Galicia’s leader Alfonso Rueda said his administration ‌had given strategic priority to the project, with an initial investment envisaged at around €200 million (US$232 million). The project, which includes a logistics hub, still requires the central government’s approval for foreign direct...

South China Morning Post

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Beyond Nvidia: how US export curbs are forcing China to redesign its AI chip industry

Under the weight of sustained US export controls on advanced semiconductors, China’s AI chipmakers are battling to forge a self-reliant silicon ecosystem capable of breaking Nvidia’s stranglehold on the market. At the centre of this rivalry is a fundamental design debate: Should the country rely on the versatile graphics processing unit (GPU) or pivot to the highly specialised application-specific integrated circuit (ASIC)? The fight is no longer about finding a single Nvidia clone; it is about...

South China Morning Post

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Chinese EV makers shift focus from price wars to AI capability: Morgan Stanley

The focus of competition for Chinese electric vehicles (EVs) is shifting from prices to artificial intelligence capability, as carmakers try to manage weakening demand amid tightened regulations, according to Morgan Stanley. The push in AI would likely bring models with conditionally autonomous driving capability, or Level 3 (L3), to market, said Tim Hsiao, head of the Greater China auto and shared mobility research team at Morgan Stanley, in a recent interview with the South China Morning Post....

South China Morning Post

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US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export ‌the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may have been making their way to the subsidiaries of Chinese AI firms based in places such as Malaysia...

South China Morning Post

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PolyU Faculty of Business celebrates 30th anniversary of its DBA programme, with over 400 academic and industry leaders gathering to explore new trends for scholar-leaders in AI era

[The content of this article has been produced by our advertising partner.] The Faculty of Business at The Hong Kong Polytechnic University (PolyU) hosted a grand dinner on 14 May to celebrate the 30th anniversary of its Doctor of Business Administration (DBA) programme. The event was attended by Mr Paul CHAN, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government of the People’s Republic of China, as the guest of honour. It brought together over 400 industry...

South China Morning Post

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AI firm MiniMax prepares for mainland China listing after shares surge in Hong Kong

MiniMax Group, the Chinese artificial intelligence model company, has officially kicked off plans to sell shares in mainland China. This offers onshore investors access to AI players beyond chipmakers and completes a dual-listing status in addition to Hong Kong. The Shanghai-headquartered company signed an agreement with Citic Securities on Friday, hiring the brokerage to help prepare for a sale of yuan-denominated shares. While other details on the listing are scant, it is widely expected that...

South China Morning Post

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How a decade-long bet on photonics handed this Chinese venture capital firm an AI windfall

As artificial intelligence strains the physical limits of existing data centres, scientists and investors are turning to the ultimate speed limit of the universe for the next computing frontier: light. For Mi Lei, founder of CAS Star, a venture capital firm born out of the state-run Chinese Academy of Sciences (CAS), the sudden global fascination with photonics is less a surprise than a delayed validation. It is a thesis he has spent more than a decade trying to support with funding. “New...

RTHK News (Hong Kong)

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HK lawyers can flourish in Central Asia: Law Society

Hong Kong's legal professionals are uniquely positioned to bridge the gap between the different legal systems used in the city and Central Asia, according to the president of the Law Society of Hong Kong. Roden Tong will be part of Chief Executive John Lee's delegation to Kazakhstan and Uzbekistan. While Hong Kong practises common law under "One Country, Two Systems", most Central Asian jurisdictions follow civil law traditions. Speaking to RTHK ahead of the trip, Tong said Hong Kong's legal sector could play a "pivotal role" in facilitating investment between the two markets — pointing to a little-known common law enclave in the heart of Central Asia. He was referring to the Astana International Financial Centre (AIFC) in Kazakhstan that opened in 2018. "They adopt common law within the AIFC," Tong said. "That is quite very similar to Hong Kong." The AIFC features an independent court system whose judges are predominantly from the United Kingdom, creating a legal environment Tong described as "very equivalent to Hong Kong". The president revealed the Law Society has been building ties with the region since 2016, and signed a memorandum of understanding with the AIFC in 2022. "Hopefully during this delegation, on this occasion, we can further explore more business opportunities for the entire business sector," he said. Tong drew parallels with Dubai, where its international financial centre also operates under a common law system — a model Hong Kong legal professionals have already navigated successfully. For Central Asian companies looking to invest in Hong Kong and access the mainland Chinese market, Tong said the city's legal infrastructure offers several distinct advantages. Hong Kong's dual-language capability — English, Cantonese and Mandarin — provides certainty and predictability for international businesses, he said, particularly in dispute resolution, arbitration and mediation. Tong also pointed to the Mainland and Hong Kong Closer Economic Partnership Arrangement (Cepa), where overseas companies partnering with Hong Kong firms can adopt common law in the Greater Bay Area — complete with tax incentives. The recent establishment of the International Organisation for Mediation (IOMed) headquarters in Hong Kong adds another layer of appeal as well, Tong said. The Law Society recently met with Secretary for Financial Services and the Treasury Christopher Hui and IOMed Secretary-General Teresa Cheng to discuss creating a specialised mediation panel for commodities trading. "This is something that, if at the end of the day, there's any disputes or even in the contractual formulation... Hong Kong legal professionals can actually play this pivotal role," Tong said. Edited by Raymond Yeung

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AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark

Chinese satellite company releases images of Nvidia, Apple HQs

Canada PM unveils AI strategy, warns of foreign dominance

A Chinese robotics start-up beat Nvidia on a global AI ranking. Is a new tech war brewing?

China plans compute futures in Shanghai as AI computing demand surges

'People-to-people exchanges drive HK-Kazakh ties'

DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL

Chip prodigy returns to China, coal waste used for critical minerals: 7 science highlights

China’s AI chip demand pushes South Korea into a rare surplus with top trade partner

Trump’s AI order seeks security safeguards without slowing race with China

‘Terrified!’: Chinese man spends US$28 to look like Jensen Huang, garners large following

Tencent shares jump on expectations of AI agent within WeChat super app

China’s SAIC plans to build first EU car plant in Spain’s Galicia

Beyond Nvidia: how US export curbs are forcing China to redesign its AI chip industry

Chinese EV makers shift focus from price wars to AI capability: Morgan Stanley

US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

PolyU Faculty of Business celebrates 30th anniversary of its DBA programme, with over 400 academic and industry leaders gathering to explore new trends for scholar-leaders in AI era

AI firm MiniMax prepares for mainland China listing after shares surge in Hong Kong

How a decade-long bet on photonics handed this Chinese venture capital firm an AI windfall

HK lawyers can flourish in Central Asia: Law Society