Elon Musk joins Trump’s Beijing delegation as a ‘natural bridge’ for trade
Business

Elon Musk joins Trump’s Beijing delegation as a ‘natural bridge’ for trade

Gigafactory stakes and a push for self-driving software approval cast the billionaire as a key US envoy while seemingly sealing a reconciliation with Trump The Tesla and SpaceX chief’s presence alongside Trump for meetings with President Xi Jinping adds a distinctive commercial and personal layer to a diplomatically delicate trip. “Musk’s inclusion in Trump’s China delegation has indeed come as a surprise to many,” said Bai Wenxi, chief economist at China Enterprise Capital Union (CECU). Bai suggested that the move signals Washington’s effort to ease tensions by prioritising commercial interests, recognising that progress – including on issues such as Taiwan, tariffs and artificial intelligence controls – requires leveraging business figures deeply embedded in the Chinese market. Musk’s local standing was most visibly cemented with the rise of Tesla’s Gigafactory in Shanghai – the firm’s first wholly foreign-owned automotive plant in China. The facility was approved unusually quickly and became a flagship project in Beijing’s broader push to signal openness to advanced manufacturing and global capital.

UISEE IPO Starts Today: To Become China’s ‘First Full-Scenario L4 Autonomous Driving Stock’
Technology

UISEE IPO Starts Today: To Become China’s ‘First Full-Scenario L4 Autonomous Driving Stock’

UISEE (驭势科技) begins its Hong Kong IPO today through May 15, planning to list on May 20 with stock code 1511. The company claims the No. 1 market share in airport and factory zone autonomous driving scenarios, now expanding to city, port, mining, and farming scenarios.

Entropy About Tech’s Flyer O1: The World’s First Home Flying Robot, Raising Millions in Seed Round
Technology

Entropy About Tech’s Flyer O1: The World’s First Home Flying Robot, Raising Millions in Seed Round

Shenzhen Entropy About Intelligent Technology (熵约科技) announces a millions-of-dollars seed round, led by Chuxin Capital. The company has launched the Flyer O1—the world's first home flying robot designed for family spaces—expected to officially launch by end of this year.

Hong Kong police arrest 2 women after sewage-soaked puppy found in bin, put down
Business

Hong Kong police arrest 2 women after sewage-soaked puppy found in bin, put down

Golden Retriever pup, suffering from terminal canine distemper, found in rubbish bin drenched in sewage and chilli oil Hong Kong police have arrested two women on suspicion of animal cruelty after a sick three-month-old Golden Retriever was found dumped in a rubbish bin in Mong Kok, covered in sewage, and later euthanised. Inspector Yip Ho-lam said on Tuesday that police opened an investigation Saturday morning after a street cleaner discovered the puppy inside a bin in the alley behind 104 Hak Po Street. Officers from the animal crime investigation team later took over the case. “The puppy was immediately handed over to the Society for the Prevention of Cruelty to Animals for medical treatment and care. Following an examination, it was identified as a three-month-old Golden Retriever. It had no identification microchip and was in poor health,” Yip said. After reviewing CCTV footage and seeking help from local veterinary clinics, police tracked the suspects to a residential unit in Ho Man Tin and arrested two women, aged 28 and 39, on Monday morning. They were released on bail and must report to police in mid-June. During a search of the flat, officers discovered three additional dogs.

Moore Threads and Guangyun Intelligence Partner to Build Domestic Physical AI Foundation with Sovereign Compute and Simulation
Technology

Moore Threads and Guangyun Intelligence Partner to Build Domestic Physical AI Foundation with Sovereign Compute and Simulation

Moore Threads and Guangyun Intelligence have formed a strategic partnership to build a high-confidence synthetic data solution for embodied AI, combining Moore Threads' domestic GPU compute power with Guangyun's self-developed simulation platform.

Tencent T15 and Adobe Scientists Launch AI Animation Startup: ‘Big Companies Make Printers, We Make the Soul of AI Video’
Technology

Tencent T15 and Adobe Scientists Launch AI Animation Startup: ‘Big Companies Make Printers, We Make the Soul of AI Video’

Former Adobe Research scientists—including a former Principal Scientist who developed image deblurring used by the FBI—have co-founded an AI animation startup with Tencent T15. Their first product targets professional animation studios, having raised tens of millions of dollars from investors including Qiji Chuangtan.

China backs Hong Kong courts, ignores calls to free Jimmy Lai ahead of Trump visit
Business

China backs Hong Kong courts, ignores calls to free Jimmy Lai ahead of Trump visit

Beijing reaffirms support for Hong Kong judiciary as foreign ministry calls former media boss ‘principal mastermind’ of 2019 anti-government protests China’s Ministry of Foreign Affairs has reaffirmed its “firm support” for Hong Kong’s judicial authorities when asked whether Beijing would consider releasing jailed former media boss Jimmy Lai Chee-ying ahead of US President Donald Trump’s three-day state visit starting Wednesday. “[Jimmy] Lai Chee-ying is the principal mastermind and perpetrator behind the riots that shook Hong Kong,” ministry spokesman Guo Jiakun said at a press briefing, when asked whether Beijing would consider Lai’s release if Trump raised the issue during talks with Chinese officials. “Hong Kong affairs are China’s internal affairs. The central government of China firmly supports the Hong Kong judicial authorities in performing duties in accordance with the law.” Guo’s remarks came a day before Trump’s much-anticipated visit to China, which had previously been delayed and is taking place at the invitation of President Xi Jinping. The summit comes amid a US-Iran ceasefire and will mark the first time a US president has visited China since 2017, when Trump travelled there during his first term.

In a bind over rare earths, Europe watches US-China tussle from the sidelines
Business

In a bind over rare earths, Europe watches US-China tussle from the sidelines

As Xi Jinping and Donald Trump prepare to meet in Beijing, one European diplomat says the bloc is aware ‘we have little leverage here’ Crucially, there was now an extraterritorial element: China could deny exports not only to direct buyers, but also restrict products made in third countries if they contained Chinese-origin rare earth content or controlled inputs. “It’s not the most fun thing for a diplomat to say that I’ve been shepherding a steadily declining relationship on a daily basis for the last four years and trying to manage decline … but it’s hard to disagree,” Porter said.

Opposing Taiwan independence is in America’s own interest
Business

Opposing Taiwan independence is in America’s own interest

During Trump’s visit, Washington has an opportunity to send a restrained but clear signal that it is willing to work with China to manage risks This could be the moment when a clear US stance against Taiwan independence would carry the lowest cost and yield the highest return. If the Taiwan Strait spirals out of control, China and the US would risk a systemic confrontation affecting finance, supply chains, energy markets and military security. This would serve neither China’s interests nor those of the US, and certainly not those of Asia or the wider world.

Dela Rosa’s flight turns Philippine Senate into battleground for ICC accountability
Business

Dela Rosa’s flight turns Philippine Senate into battleground for ICC accountability

Dela Rosa evading the ICC arrest and the Senate leadership coup could mark a turning point for a Duterte camp under siege, analysts say Dela Rosa, Duterte’s first national police chief and one of the most recognisable faces of his “war on drugs”, narrowly escaped arrest on Monday after officers from the National Bureau of Investigation (NBI) tried to serve the ICC warrant inside the Senate. He was caught on camera running up a flight of stairs and along a corridor inside the Senate building, hours before the ICC unsealed the warrant.

Hong Kong gold push delivers record US$732 million ETF inflows in April
Markets

Hong Kong gold push delivers record US$732 million ETF inflows in April

As investors hedge against global risks, Hong Kong’s gold ETF inflows reinforce its emergence as a key trading centre Hong Kong’s push to become a gold trading hub is beginning to bear fruit, with the city recording a surge in gold exchange-traded fund (ETF) inflows in April as geopolitical tensions fuel investor demand for the yellow metal, according to industry participants. Physically backed gold ETFs in Hong Kong attracted a record US$732 million last month, according to the World Gold Council. That represented 41 per cent of Asia’s US$1.8 billion inflows and 11 per cent of the global total of US$6.6 billion. The CSOP Gold ETF, which listed in April on the Hong Kong stock exchange, debuted with assets under management of about US$720 million, making it the city’s largest local physical gold ETF to date. Five gold ETFs with combined assets of HK$28 billion (US$3.6 billion) were listed as of April, exchange data showed. These products give investors a straightforward way to trade gold, much like buying and selling stocks. The CSOP Gold ETF directly holds 4.7 tonnes of physical gold stored in Hong Kong, offering investors the option to redeem bullion.

Spain reports new hantavirus case as outbreak grows to 11
Business

Spain reports new hantavirus case as outbreak grows to 11

World Health Organization chief says there is currently ‘no sign that we are seeing the start of a larger outbreak’ A Spanish passenger evacuated from the cruise ship at the centre of a hantavirus outbreak has tested positive for the virus, Spain’s health ministry announced on Tuesday as the World Health Organization said it has now confirmed 11 cases, including three people from the cruise who died. The passenger with the new confirmed case of hantavirus was in quarantine in a military hospital in Madrid, where 13 other Spanish nationals evacuated on Sunday – who all tested negative for the virus – also are staying. With the evacuation of all passengers and many crew members completed, the MV Hondius is now sailing back to the Netherlands, where it will be cleaned and disinfected. The director-general of the World Health Organization, who was in Madrid, said all 11 confirmed cases are among passengers or crew of the MV Hondius cruise ship, including three people who died. Nine of the 11 cases have been confirmed as the Andes virus. “These numbers have changed little over the past week thanks to the governments of multiple countries and partners,” Tedros Adhanom Ghebreyesus, the WHO director-general, said.