SpaceX has confidentially filed for a U.S. initial public offering, sources familiar with the matter stated, setting the stage for what could become the largest stock market listing on record. The company, led by Elon Musk, offers investors a chance to participate in humanity's return to the moon and an attempt to colonise Mars.

Huawei Technologies reported an 8.6% rise in profit in 2025, maintaining a steady recovery momentum despite ongoing US sanctions. The Chinese telecommunications equipment maker focused on chip development and smartphones to defy restrictions.

iQiyi, a Nasdaq-listed Chinese online entertainment video provider, has submitted a confidential application for a listing in Hong Kong. The proposed move aims to raise US$300 million, making iQiyi the latest US-listed Chinese company considering a Hong Kong float.

Meta Platforms shares dropped 7% after two verdicts found the company liable for harm to young users. This sparked fears that the social media giant may need to overhaul the design practices that underpin its sprawling advertising business.

OpenAI’s ChatGPT advertising pilot in the United States has surpassed USD 100 million in annualised revenue within six weeks of its launch. A company spokesperson highlighted robust early demand for the AI startup’s new advertising business.

China is intensifying efforts to establish Beijing and other major city clusters as international technological innovation centres, a move supporting the nation's drive for tech self-sufficiency. Vice-Premier Ding Xuexiang announced this initiative at the Zhongguancun Forum in Beijing.

Arm Holdings announced a new artificial intelligence data centre chip, the AGI CPU, marking a significant shift in the company's strategy. This new chip is expected to add billions of USD in annual revenue.

Jeff Bezos is reportedly in early discussions to raise USD 100 billion for a new fund. This fund aims to acquire manufacturing companies and integrate artificial intelligence to enhance automation, the Wall Street Journal reported.