Chinese artificial intelligence model developer MiniMax Group jumped 50% in its Hong Kong market debut on Friday after raising HK$4.8 billion ($620 million).

China is investing $10 billion across 50+ tech projects in Shanghai’s Pudong district, signaling a major push to challenge global tech dominance.

Hong Kong saw in 2026 with one of its strongest market debuts in years. Shares in artificial intelligence startup Shanghai Biren Technology rose almost 76%, marking the best first-day performance since 2021 among Hong Kong listings that raised at least $700 million. The retail portion of the deal was subscribed more than 2,300 times.

China's leading AI server provider xFusion has hired Citic Securities in preparation for an initial public offering, regulatory disclosure showed, adding the Huawei spin-

China is tightening scrutiny of US-linked AI technology as it pushes towards self-reliance, reviewing Meta’s Manus deal and restricting Nvidia’s H200 chips, despite US export approvals, while prioriti