10 July 2025

China’s cloud services spending hits US.6 billion in first quarter on AI-related demand

China’s cloud services spending hits US$11.6 billion in first quarter on AI-related demand

Alibaba Group Holding’s cloud computing unit continued to lead the industry in the March quarter, with a commanding 33 per cent market share and a 15 per cent year-on-year revenue growth, Canalys data showed. Hangzhou-based Alibaba owns the South China Morning Post. Second-ranked Huawei Technologies’ cloud business expanded its market share to 18 per cent, […]

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Hong Kong start-up wins EQT Impact Challenge with augmented-reality surgical system

Hong Kong start-up wins EQT Impact Challenge with augmented-reality surgical system

Hong Kong start-up Syngular Technology has won a €100,000 (US$117,131) investment in the 2025 EQT Impact Challenge, after beating three other finalists in the pitch competition by impressing judges with its augmented-reality surgical system. By winning the challenge – designed to identify high-impact early-stage ventures in Hong Kong – the three-year-old company secured the investment

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Explainer | Svelteness in China is a US0 billion market, with dozens of drug producers vying for it

Explainer | Svelteness in China is a US$150 billion market, with dozens of drug producers vying for it

Sales of weight-loss drugs in the West have soared in recent years, driven by the approval of a new class of more effective medication, the rapid growth in obese populations owing to poor diet and lack of exercise, and endorsements by celebrities and social media influencers. In China, over 60 late-stage drugs are undergoing clinical

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China’s CXMT eyes IPO amid global memory-chip market upswing

China’s CXMT eyes IPO amid global memory-chip market upswing

CXMT, the parent of Chinese semiconductor firm ChangXin Memory Technologies, has initiated its initial public offering (IPO) process on the mainland, as it seeks funding to bolster growth amid an upswing in the global market for memory chips. CXMT has completed IPO counselling recordation – the formal filing of pre-listing guidance – with the China

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