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China Future Tech
Manycore Tech is positioning itself at the intersection of artificial intelligence and the physical world. Photo: Getty Images

Banking & Finance

Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut

The company’s listing highlights its pivot from design tools to advanced AI-driven spatial platforms as it eyes overseas growth.

How the rise of AI agents could finally make China’s open-source models pay

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‘Buy what they can, steal what they can’t’: US lawmakers slam China’s AI tactics

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Banking & Finance

China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars

The world’s top lithium producer forecasts a strong turnaround as global decarbonisation and AI-driven energy storage fuel demand.

Ganfeng Lithium has forecast an estimated profit of up to 2.1 billion yuan in the three months to March. Photo: Shutterstock
Ganfeng Lithium has forecast an estimated profit of up to 2.1 billion yuan in the three months to March. Photo: Shutterstock

Big Tech

Chinese tech giants, AI ‘godmother’ Li Fei-Fei race into world models

Alibaba’s introduction of Happy Oyster model for real-time creation of virtual worlds follows unveiling of Spark 2.0 from Li’s World Labs.

Tech

Black market workarounds scale up for Claude as Anthropic tightens ID checks

Chinese developers are bypassing new ID checks as demand for Claude remains strong despite official restrictions.

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Big Tech

TSMC targets over 30% revenue surge in 2026, ramps up capex amid AI boom

AI dominates TSMC revenues as foundry giant pivots from smartphones to high-performance computing.

The TSMC logo is seen outside the company’s Museum of Innovation in Hsinchu, Taiwan April 9, 2026. Photo: Reuters
The TSMC logo is seen outside the company’s Museum of Innovation in Hsinchu, Taiwan April 9, 2026. Photo: Reuters

Companies

BrainCo’s brain-computer interface wows at HSBC summit with mind-controlled hand

The non-invasive BCI technology offers a safer alternative to surgery for some conditions, BrainCo partner Nyx He says.

Tech

Chinese investors cheer Tesla’s AI chip progress, boosting shares of suppliers

Shanghai Beite Technology saw the largest share spike among suppliers, up as much as 4.6 per cent on Thursday morning.

Tech

ASML boosts 2026 sales forecast despite shrinking China sales

The Dutch chipmaker expects annual net sales of €36 billion (US$42.5 billion) to €40 billion after releasing its first-quarter results.

The ASML logo is seen at the company’s headquarters in Veldhoven, Netherlands. Photo: Reuters

China Business

China’s EV battery giant CATL to set up mining arm to secure supply chain

Global energy shock accelerates CATL’s upstream push as demand for EV batteries and storage systems surges.

CATL reported a net profit of 20.74 billion yuan in the three months to March, up 48.5 per cent from the previous quarter and beating analysts’ estimates. Photo: AFP
CATL reported a net profit of 20.74 billion yuan in the three months to March, up 48.5 per cent from the previous quarter and beating analysts’ estimates. Photo: AFP

Tech Trends

From ‘probing minds’ to verified account: how Musk’s stance on TikTok shifted

The billionaire’s surprising return to TikTok reveals his evolving tech diplomacy, with his account quickly gaining 120,000 followers.

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Tech

Amazon bets on Shenzhen smart warehouse to cut merchant storage costs by 45%

Amazon expands China push with smart warehouse model, aiming to retain sellers amid rising competition from Temu and Shein.

Big Tech

Lightelligence on track with IPO plans as China’s AI photonics race gathers pace

Shanghai-based company aims to become Hong Kong’s first listed AI photonics chipmaker as AI infrastructure buildout drives momentum.

An illustration of Lightelligence’s optical network on a chip. Photo: Handout

Banking & Finance

How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins

HSBC eyes retail stablecoin roll-out via PayMe in second half of 2026, as Standard Chartered-led joint venture focuses on institutions first.

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HSBC is looking to introduce stablecoins by integrating them into its popular PayMe app. Photo: Jonathan Wong
HSBC is looking to introduce stablecoins by integrating them into its popular PayMe app. Photo: Jonathan Wong

Tech Trends

Chinese robotics firms focus on quadrupeds as major revenue drivers

The newly established AgiQuad, a separate subsidiary under Shanghai-based AgiBot, is targeting US$73 million in revenue this year.

Tech Trends

Why Sigenergy’s IPO ignited market frenzy with oversubscription of 1,000 times

Sigenergy and Guoxia are gaining traction as investors eye a major shift to AI in the renewable energy storage sector.

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Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen

Tech War

China’s lesson for the US: it takes more than chips to win the AI race

The AI war is increasingly waged among ‘hyperscalers’ – companies with full-stack capabilities across software, hardware and applications.

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Tech War

How Huawei and DeepSeek are tending the garden of China’s AI aspirations

Amid growing AI rivalry with the US, the two companies are leading China’s drive to shake off the nation’s dependence on Nvidia processors.

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Big Tech

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

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

China Business

Shanghai Gigafactory has potential to build humanoid robots: Tesla China head

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A Tesla robot on display at the World Artificial Intelligence Conference in Shanghai. Tesla has said it is transforming itself into a physical AI firm. Photo: AFP

Banking & Finance

Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut

Manycore Tech is positioning itself at the intersection of artificial intelligence and the physical world. Photo: Getty Images

Big Tech

Chinese tech giants, AI ‘godmother’ Li Fei-Fei race into world models

A screenshot of Happy Oyster’s world model.

Big Tech

TSMC targets over 30% revenue surge in 2026, ramps up capex amid AI boom

The TSMC logo is seen outside the company’s Museum of Innovation in Hsinchu, Taiwan April 9, 2026. Photo: Reuters
MORE IN China Future Tech
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OPINION
Jeffrey Wu

Opinion | US controls chips in the AI race, but China controls the scoreboard

Jeffrey Wu
David Dodwell

Outside In | My love-hate relationship with Apple as an Android user

David Dodwell
Elina Noor

Opinion | AI infrastructure on the front line: Lessons for Asean from the Iran war

Elina Noor
Phoebe Zhang

Opinion | China’s OpenClaw mania driven by fear of missing next tech gold rush

Phoebe Zhang
Ken Ip

Opinion | Frenzy over AI agent OpenClaw shows the lobster has escaped the pot

Ken Ip
Denis Simon

Opinion | 3 realities shaping China-US tech competition

Denis Simon
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MULTIMEDIA
Video

Humanoid robots to compete in Beijing half-marathon

Tiangong Ultra, a humanoid robot runs across the finish line while securing the first position during the E-Town Humanoid Robot Half Marathon, in Beijing, China April, 19 2025. REUTERS/Tingshu Wang TPX IMAGES OF THE DAY
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Video

Artemis starts return journey to Earth after historic moon fly-by

NASA astronaut and Artemis II mission specialist Christina Koch peers out of one of the Orion spacecraft's main cabin windows, looking back at Earth, as the crew travels towards the Moon April 2, 2026. NASA/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. REFILE - CORRECTING YEAR FROM "2024" TO "2026".
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Historic Artemis II moon mission lifts off

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Video

Baidu driverless taxis freeze in citywide breakdown

Many autonomous driving vehicles belonging to Chinese tech giant Baidu broke down in Wuhan on Tuesday evening, affecting the company’s services for hours and stranding some passengers for hours in a setback to the Chinese tech giant’s autonomous driving ambition at a time when it pushes to expand its robotaxi business globally. Photo: Weibo/ 闫跃龙
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