Chinese AI unicorn Moonshot AI, developer of the Kimi K3 model, is closing a fundraising round at a US$30 billion valuation and plans a subsequent round as early as August, according to a source. The …
China-based AI firm Moonshot is seeking a $50 billion valuation in a new fundraising round ahead of a potential Hong Kong initial public offering later this year, according to Bloomberg. The Beijing-b…
Moonshot AI, the Chinese startup behind the Kimi K3 model, is targeting a valuation above $30 billion in its final pre-IPO funding round, a sharp jump from the $20 billion valuation after raising $2 b…
Chinese AI firm Z.ai (Zhipu) shares surged 37% in Hong Kong on Tuesday to close at HK$1,219 after completing a 1-gigawatt data centre powered entirely by domestic chips, according to sources. The Beij…
Axiom Biosciences, a US biotech firm using AI to develop therapies for newborns with severe brain injuries, plans to raise at least US$200 million through an IPO in Hong Kong in 2027, followed by a se…
Moonshot AI, the Beijing-based startup behind the Kimi chatbot, paused new subscriptions to its Kimi K3 model over the weekend of July 18-19 after daily sales surged at least sixfold following the mod…
Chinese AI startup Moonshot AI plans to list in Hong Kong within six months after its Kimi K3 model, a 2.8-trillion-parameter open-weight model, outperformed rivals except Anthropic's Claude Fable 5 a…
Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a secondary Hong Kong listing that could raise up to $5bn, above the $3bn floated in April, according to Bloomberg. The com…
Hong Kong's media industry risks missing financial and cultural opportunities by failing to invest in AI and data monetization, as international publishers like News Corp sign deals worth US$250 milli…
South Korea's ICT exports hit a record high of $253.9 billion in the first half of 2025, a 120.5% surge year-over-year driven by AI demand, the Ministry of Science and ICT reported Tuesday. Semiconduc…
A top U.S. official told Congress on Tuesday that shipments of Nvidia H200 chips to China and Hong Kong have begun but remain "very few." Jeffrey Kessler, under secretary of commerce for industry and …
Forthright Securities, a subsidiary of JF SmartInvest Holdings Ltd (9636.HK), will open Hong Kong's largest offline investment experience hub at Golden Centre in Sheung Wan on 10 July, alongside the d…
Xpeng vice-chairman and president Brian Gu Hongdi said the Chinese electric-vehicle maker is confident it can compete head-to-head with Tesla in international markets, leveraging self-driving technolo…
Hong Kong retail investors are suffering heavy losses in leveraged ETFs tied to SK hynix, with one investor losing nearly half of her HK$100,000 investment within a week after buying into the AI-drive…
Wall Street banks are missing out on multibillion-dollar AI deals in Hong Kong, as competitors capture the market. The missed opportunities highlight a shift in financial dealmaking toward artificial …
Chinese technology companies have raised $17.38 billion through IPOs and secondary share sales in Hong Kong so far in 2026, driven by surging investor demand for artificial intelligence, semiconductor…
Hong Kong is shifting its financial focus toward the Middle East, while China faces challenges with AI persona technologies. The developments highlight evolving tech and economic dynamics in Asia.…
Chinese AI company Zhipu AI is seeking to raise approximately $4 billion through a secondary share sale in Hong Kong, following a stock surge of nearly 1,500% since its January IPO. The Tsinghua Unive…
Heavy rain in Hong Kong caused flash floods that went viral on social media, with some users initially claiming the footage was AI-generated or outdated until residents shared real-time videos proving…
Mainland Chinese tech firms listed in Hong Kong are leveraging the city's global connectivity to refine products, forge international partnerships, and expand overseas, according to executives. Beijin…