Baidu plans Hong Kong IPO of AI chip unit Kunlunxin in spin-off move

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A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025. Ying Tang | Nurphoto | Getty Images Chinese tech giant Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it […]


China’s Pony.ai shares drop 14%, WeRide down 12% in Hong Kong debut

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A Pony.ai autonomous car. Pony.ai China’s Pony.ai on Thursday saw its shares drop over 14%, while rival WeRide fell nearly 12% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong dollars (about $860 million) and HK$2.39 billion, respectively, in […]


Disney sues Hong Kong jewelry company over alleged illegal Mickey Mouse products

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The Walt Disney Co. on Wednesday sued a Hong Kong jewelry company it accuses of selling illegal Mickey Mouse jewelry. The international media and entertainment conglomerate filed a lawsuit in federal court in Los Angeles against the Red Earth Group, which sells jewelry online under the name Satéur. Disney says the marketing and branding of the rings, necklaces […]


Lee Shau-Kee, Hong Kong Real Estate Tycoon, Dies at 97

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Lee Shau-kee, a Hong Kong real estate tycoon who made his immense fortune building tens of thousands of apartments for middle-class descendants of refugees who had fled Communist mainland China, died on Monday. He was 97. His death was announced by the company he founded, Henderson Land Development. It did not say where he died […]


Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company

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Jonathan Raa | Nurphoto | Getty Images Shares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense. The move mirrors an 8% fall in Tencent’s U.S. depository receipts on Wall Street. Other Chinese companies […]