Contemporary Amperex Technology Ltd (CATL), an electric vehicle (EV) battery producer, plans to invest US$4.4 billion to establish a subsidiary. This new entity will manage and expand the company's mining assets, responding to a global energy shock. The investment aims to accelerate CATL's entry into the automotive and energy storage system (ESS) markets.

Hong Kong is set to see stablecoins integrated into everyday transactions for its 3.3 million PayMe users, with HSBC preparing to introduce the digital currency in the second half of the year. This move follows a breakthrough in digital finance development.

ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs. This decision deals a blow to the UK government's push to position the country as a global artificial intelligence hub. Credit: UNSPLASH Microsoft-backed OpenAI, a leading player following the widespread adoption of ChatGPT, stated on Thursday it would proceed with the data centre once conditions supported sustained, long-term investment.

OpenAI intends to reserve a portion of its initial public offering shares for individual investors, Chief Financial Officer Sarah Friar told CNBC. The ChatGPT creator saw "really strong demand" from individuals during its latest funding round. The artificial intelligence organisation is preparing for a highly anticipated U.S. stock market listing. It could be valued at up to USD 1 trillion, with a potential filing with securities regulators in the second half of 2026, Reuters

Samsung Electronics projected its first-quarter earnings would surpass its entire profit from last year, exceeding expectations due to soaring demand for artificial intelligence infrastructure. This strong demand has strained supply and pushed chip prices higher.

Chinese regulators are adopting a stricter approach to companies seeking listings via offshore incorporated vehicles, impacting tech and biotech initial public offering (IPO) candidates and USD-denominated funds. This move by the China Securities Regulatory Commission (CSRC) aims to discourage the establishment of "red-chip-structured" companies in sensitive industries.

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.

Microsoft is considering legal action against its partner OpenAI and Amazon regarding a USD 50 billion deal. This action stems from concerns the agreement could violate Microsoft’s exclusive cloud arrangement with OpenAI, the creator of ChatGPT.

A JPMorgan-led group of banks has begun marketing a USD 5.75 billion loan to investors. This loan is intended to help finance the leveraged buyout of Electronic Arts, a video game publisher.

Moonshot AI seeks to raise as much as USD 1 billion in an expanded funding round. This would value the Chinese start-up at approximately USD 18 billion, more than quadrupling its valuation in three months. The move highlights growing interest in Chinese artificial intelligence developers.

Adobe's long-serving Chief Executive Officer Shantanu Narayen will exit his role once a successor is appointed, the design software maker announced. Following the news, the company's shares experienced a decline of more than 7% in extended trading. This announcement reignited investor concerns regarding Adobe's strategic direction amid significant disruption from artificial intelligence (AI).

Nvidia will invest USD 2 billion in AI cloud company Nebius. This adds to the leading chipmaker's expanding list of investments in artificial intelligence firms, and data centre infrastructure.

Chinese electric vehicle (EV) maker Nio has forecast a surge of up to 97% in first-quarter deliveries. This projection underscores a turnaround after the company posted its first-ever quarterly profit. The growth defies a slowdown that has impacted most of its domestic rivals. Credit: UNSPLASH Nio expects to deliver 80,000 to 83,000 vehicles in the first quarter of 2026, marking a year-on-year increase of between 90% and 97%. This growth projection goes against the trend seen