The CXMT shock: how China’s viable alternatives punch Nvidia, Micron, SK Hynix shares

China’s increasing clout in the global semiconductor supply chain is accelerating the unravelling of the artificial-intelligence trade, as expectations grow that the Asian nation will challenge foreign tech juggernauts by supplying the world with cheaper alternative products.

The US$9.8 billion stock offering of ChangXin Memory Technologies (CXMT) in Shanghai provided the Chinese maker of dynamic random access memory (DRAM) chips with equity funding to finance its expansion of market share home and abroad, sending shares of rivals SK Hynix of South Korea and US-

China’s drone-farming boom eyes emerging markets as agriculture automation spreads

To offset an ageing agricultural workforce and boost sustainable yields, China is aggressively accelerating the adoption of farm drones – a trend that analysts say could spread to more emerging markets despite trade restrictions imposed by the United States.

Industry leader DJI said its global sales of agricultural drones had exceeded 700,000 units across China and more than 100 other countries and regions by the end of last month – more than a fivefold increase in just five years.

Use of the smart devices has expanded from spraying,


Estate residents question why Typhoon Noul uprooted so many trees

Urban forestry expert cites restrictive planting methods for fallen banyan trees at Wan Tau Tong Estate and near Tai Po Mega Mall

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A fallen tree in Tai Po amid a T9 signal. Photo: Sam Tsang
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China’s Type 076 amphibious assault ship Sichuan in final tests with drone catapult

Chinese state media has shown the country’s first Type 076 amphibious assault ship , the Sichuan, computer-generated footage of how it launches GJ-21 stealth fighter drones and quotes from a military commentator who said the vessel was in the final stages of commissioning.

The 40,000-tonne ship, featuring a 250-metre-long and 62-metre-wide (820 feet by 203 feet) flight deck, recently completed deck line markings


Limited dual citizenship gives Indonesian diaspora hope of return, better future

Indonesia ’s attempt to lure back its native talent scattered around the world through limited dual citizenship has highlighted a long-held demand of the diaspora for such a scheme before they would consider returning home.

The proposed revision to the citizenship law would mark a major shift for a country that has largely allowed only single citizenship since independence in 1945. Currently, children of mixed marriages can hold dual citizenship until they reach 18 years of age, when they are given three years to choose a single country.


Former Hong Kong school teacher guilty of molesting student

A former Hong Kong school teacher has been remanded in custody pending sentencing for twice molesting a student six years ago.

A District Court judge sitting at Tsuen Wan Court found Cheng Hon-sze guilty of two counts of indecent assault on Wednesday, for groping his then 15-year-old pupil and making her perform an obscene act on him between May and October 2020.

However, Cheng was cleared of seven other counts of indecent assault because for some incidents, the girl failed to expressly refuse the 3


Debt honoured: China repays family who lent entire 850-kg grain supply to wartime army in 1947

A wartime grain loan certificate discovered within an old family home in eastern China has been donated to local authorities nearly eight decades later, illuminating a villager’s remarkable faith in the troops.

In 1947, a major People’s Liberation Army (PLA) unit entered the Dabie Mountains, which stretch across the borders of three provinces in central China, during a counteroffensive against Kuomintang forces. The harsh conditions on the battlefield had left the troops desperately short of food and other essential supplies.

According to Dawan News

Mao Zedong on horseback in Shaanxi province during the Chinese Civil War in 1947. Photo: Sovfoto/Universal Images Group via Getty Images

Why has the China-US profit gap widened on the Fortune Global 500?

China’s multinationals are falling behind their US peers in profits, despite recording strong revenue. Photo: SOPA Images/LightRocket via Getty Images

China’s unaddressed economic structural problems are swallowing profits and leaving its multinationals falling far behind their US peers in the latest Fortune Global 500 list, despite its firms remaining strong in terms of revenue.
The profit gap between Chinese and US companies has continued to widen. Chinese companies posted an average profit of US$4.5 billion in 202

Authorities arrest 14 in crackdown on unlicensed hawkers, seize 600kg of food

Hong Kong’s hygiene authorities have arrested 14 people during a citywide crackdown on unlicensed hawkers and seized 600kg (1,320lbs) of food, some of which was expired.

Food and Environmental Hygiene Department Chief Health Inspector Chan Sze-man, responsible for hawkers, said on Wednesday that the suspects, aged 38 to 76, were arrested in various districts between July 17 and 28.

All of the suspects held Hong Kong identity cards.

She emphasised that the department

Food and hawking equipment seized during the operation. Photo: SCMP

China’s hi-tech boom pushes firms to boost pay in 2027 as keeping talent a priority

Employers in China anticipate a slightly higher median salary increase next year as they push to retain top-tier talent despite financial pressures following a soft 2026, according to data published by a global advisory.

Companies were budgeting for a median increase of 4.5 per cent in 2027, following 4.3 per cent growth in 2026 and 4.5 per cent in 2025, the advisory and broking firm WTW said in a new report.

Even so, the