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Chinese AI company MiniMax, backed by Alibaba and ADIA, successfully went public in Hong Kong with shares soaring 91% on the first day, marking a key test for the AI market.

Chinese tech giant Z.ai successfully completed its IPO on the Hong Kong Stock Exchange, significantly boosting its market value and strengthening China's position in the global AI sector.

MiniMax company plans to price its shares in the initial public offering in Hong Kong at the top of the marketing range, showing investors' enthusiasm for Chinese startups.

Dozens gathered in a small shop in an old Hong Kong neighbourhood to bid farewell to the 'Umbrella King', who has spent over three centuries repairing umbrellas in a family‑run business. Owner Yao Yiu‑Wai announced the shop would close at the end of the year due to health issues and shifting consumer habits toward online shopping. He noted that the service is an environmental responsibility and that fewer than five specialized umbrella repairers remain in Hong Kong. He expressed sadness at closing, saying the legacy had been passed down and he could not continue. A community activist described the closure as a new loss for a wonderful local business.

Investcorp participated in the IPO of Chuanxin Industries on the Hong Kong Stock Exchange via a cooperation fund worth $813 million. This decision reflects the growing interest of international investors in Asian markets.

Hong Kong suspended all official ties with Japan and canceled a student trip in response to the Japanese PM's statements on using force against Taiwan, leading to canceled forums and rising bilateral tensions.

WeRide, a developer of autonomous driving technology, plans to raise $308 million in Hong Kong. The funds will be used for R&D and market expansion.

A pro-democracy figure, Jimmy Lai, faces life imprisonment under China's national security law, straining US-China relations further. Negotiations are set to begin this weekend in Switzerland.

BYD's shares hit a record high after unveiling electric vehicles with ultra-fast charging. The new system allows a driving range of up to 400 km, boosting market value.

ExPIng's shares jumped following the announcement of mass production plans for flying cars and industrial robots by 2026, reflecting rising investor interest in high-tech companies.

BYD Company in Hong Kong aims to provide innovative electric vehicles to boost the local economy and promote sustainability.