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Samsung’s semiconductor subsidiary denies that it stopped providing services to Chinese clients. Photo: dpa
Semiconductors

Samsung denies halting chip foundry services for Chinese clients

Samsung operates one of the few foundries capable of rivalling industry-leading TSMC in producing advanced chips.

Hong Kong stock market

Chinese defence stocks in play as Trump’s tariffs erase DeepSeek-fuelled gains

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Banking & finance

Exclusive | Qatar wealth fund chief seeks to speed up deal for China Asset Management stake

TSMC

TSMC could face US$1 billion fine over chip in Huawei AI processor

Penalising TSMC comes at a critical moment for US-Taiwan relations after Trump slapped a 32 per cent levy on imports from the island.

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TSMC is under a US investigation over a Huawei processor containing chips from the Taiwanese company. Photo: Reuters
TSMC is under a US investigation over a Huawei processor containing chips from the Taiwanese company. Photo: Reuters
Hong Kong stock market

Hong Kong rebounds as other Asia-Pacific indices enter bear market

Hong Kong stocks rebound; other Asia-Pacific markets fall as US tariffs on China and other trading partners take effect.

US-China trade war

Chinese semiconductor, auto parts suppliers expect to gain from US trade war

Their view reflects Chinese tech firms’ increased confidence in providing highly competitive alternatives to US imports.

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Semiconductors

China’s top chip tool maker Naura sees revenue surge amid US trade tensions

China’s largest chipmaking equipment supplier expects another 50 per cent jump in profits last quarter after its third year of growth.

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Naura’s booth at Semicon China in March 2024. Photo: Che Pan
Naura’s booth at Semicon China in March 2024. Photo: Che Pan
US-China trade war

As tariff wave looms, is China still the world’s indispensable manufacturer?

Despite recent supply chain shifts, US consumers will have a hard time finding replacements for many staple goods still produced in China.

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E-commerce

Workers in ‘Shein village’ face uncertain future as trade war escalates

The livelihood of hundreds of thousands of workers are under threat in a Chinese export hub churning out T-shirts and jeans for US shoppers.

Ant Group

Ant Group’s tech unit picks Hong Kong for global headquarters amid AI, Web3 push

Ant Digital Technologies said it was choosing the city to reaffirm its commitment to AI and blockchain technologies, a recent focus for Hong Kong.

Ant Group’s technology unit is establishing a global headquarters in Hong Kong as it focuses on ramping up efforts in AI and Web3. Photo: AP
Artificial intelligence

China narrows gap with US in leading AI models, Stanford report shows

The performance difference of Chinese AI models versus their US counterparts shrank from double digits in 2023 to near parity last year.

Alibaba’s Qwen logo is displayed next to a humanoid robot face in this illustration picture take January 25, 2025. Photo: Shutterstock Images
Alibaba’s Qwen logo is displayed next to a humanoid robot face in this illustration picture take January 25, 2025. Photo: Shutterstock Images
Hong Kong stock market

Hong Kong’s Hang Seng Index closes higher as China’s state funds step in

Stocks in Hong Kong, Shanghai and Shenzhen rise after several Chinese state funds step in to prop up the market.

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IPO

Chinese AI firm AICT prepares to ‘get on the IPO runway’ in Hong Kong

“I’m optimistic about the Hong Kong stock market,” said Yan Jun, the founder and chairman of AICT.

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Banking & finance

China property crisis still a key signal for junk bond market, Pimco says

China’s crisis reinforces what Pimco has known for a long time, which is that property bubbles are dangerous, whether they are in China or elsewhere.

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Pimco president Christian Stracke says there will not be a lot of interest in China offshore credit until there is a stabilisation in the property market. Photo:Jonathan Wong
China technology

Microsoft joint venture Wicresoft halts projects in China, lays off workers

Wicresoft will cease work on Microsoft projects in China owing to ‘geopolitical shifts and changes in the global business environment’.

Microsoft and its Shanghai partners founded business consulting joint venture Wicresoft in 2002. Photo: Shutterstock
Microsoft and its Shanghai partners founded business consulting joint venture Wicresoft in 2002. Photo: Shutterstock
China stock market

Central Huijin, a unit of China’s US$1.2 trillion SWF, buys ETFs to boost stocks

The company says it will make more such investments in the future to ‘resolutely’ maintain the stability of the capital market.

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Hong Kong stock market

BYD Electronic, Lenovo bear brunt of sell-off as Trump tariffs slam exporters

A 10 per cent tariff on exports could eat into China’s economic growth, putting Beijing’s 4.5 per cent target at risk, Morgan Stanley says.

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Hong Kong stock market

Asia-Pacific stocks plunge as traders rush for the exit in global tariff war

Eleven major Asia-Pacific benchmarks fall to their 52-week low; the Hang Seng China Enterprises Index enters a bear market.

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Hong Kong’s benchmark Hang Seng Index fell sharply on Monday. Photo: Jelly Tse
Hong Kong’s benchmark Hang Seng Index fell sharply on Monday. Photo: Jelly Tse
Banking & finance

Goldman trims 2025 targets for Chinese stocks as Trump tariffs slam markets

Goldman trims its 12-month upside targets for the MSCI China Index and CSI 300 Index, after a bullish upgrade in mid-February.

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DeepSeek

DeepSeek unveils new AI reasoning method amid anticipation for R2 model

In collaboration with Tsinghua University, DeepSeek developed a technique combining reasoning methods to guide AI models towards human preferences.

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Stocks

US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

The decline has more to do with the emergence of Chinese AI firm DeepSeek than with Trump’s economic policies, Bessent says.

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US Treasury Secretary Scott Bessent. Photo: Reuters
Alibaba

How Alibaba is transforming into a catalyst for China’s AI boom

By empowering innovations through its own technology and supporting former employees, the tech giant is reshaping China’s AI landscape.

Alibaba is showing itself as an enabler of AI innovations. Illustration: Henry Wong
Alibaba is showing itself as an enabler of AI innovations. Illustration: Henry Wong
E-commerce

Trump tariffs, ‘de minimis’ exemption end challenge China’s e-commerce merchants

The policy changes affect many of China’s 120,000 online exporters, whose major market is the United States.

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Huawei

Huawei’s ternary logic patent uses an old idea to improve AI chip design

The approach could be used to reduce the number of transistors on a chip, thus reducing energy consumption.

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Hong Kong stock market

Chinese stocks’ rally risks unravelling as Trump’s reciprocal tariff kicks in

Best strategy is to bet on plays that would benefit from new stimulus policies China is likely to announce, analyst says.

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Hong Kong’s Hang Seng Index slumped 1.5 per cent to close at a six-week low on Thursday. Photo: AFP
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