Tongcheng, other travel peers come under anti-competitive scrutiny
The leading second-tier online travel agent, alongside rival services operated by Alibaba and Meituan, are being investigated by China’s market regulator Key Takeaways: Tongcheng, along with second-tier online travel services…
Hangzhou weighs ending low-altitude economy incentives
The city of Hangzhou has proposed repealing a local policy providing financial support for the low-altitude economy, potentially ending a program originally set to expire at the end of 2027,…
ZTO shares slump after Alibaba pares stake
Alibaba on Monday pared its stake in logistics firm ZTO Express (Cayman) Inc. (2057.HK; ZTO.US), offloading 25 million American depositary shares (ADS) at $20.02 apiece in a transaction valued at…
Volume chipmaker ASR looks to climb up the value chain
The global leader in cellular connectivity chips has filed for a Hong Kong listing as it accelerates its push into the higher-margin business of specialized ASIC chips Key Takeaways: ASR…
Moonshot aims for meteoric valuation with a $3 billion Hong Kong IPO plan
Following back-to-back listings by Z.AI and MiniMax, the startup behind the Kimi chatbot is reportedly seeking a $50 billion valuation through a Hong Kong IPO Key Takeaways: Moonshot has reportedly…
Vatai delivers new e-commerce story with focus on cross-border trade
The provider of compliance services for cross-border e-commerce companies has filed to list in Hong Kong, boasting 66% revenue growth in the first half of this year Key Takeaways: Vatai…
China’s AI advances mask widening gap with U.S. in private capital investment
The performance gap between leading Chinese and U.S. AI models has narrowed to less than 3%, yet U.S. private AI investment is still 20 times higher than China’s By…
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