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China Medical System (CMS) has filed for a secondary listing on the SGX via introduction, with no new share issuance planned. Pending exchange approva…

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Koitake, the IP-driven toy unit under Alibaba’s Hujing business, has been phased out as the tech giant shifts its attention to higher-margin verticals.

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China Medical System (CMS) has filed for a secondary listing on the SGX via introduction, with no new share issuance planned. Pending exchange approval, the move aims to attract Southeast Asian capital and support the group’s regional expansion. CMS has secured regulatory clearance from the CSRC and runs its Southeast Asia and Middle East operations from Singapore.

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US President Donald Trump said a buyer has been identified for <a href="/company/tiktok">TikTok’s</a> US operations but did not share details, citing a two-week wait and possible need for Chinese approval. The sale, mandated under a US law citing national security concerns, has faced delays amid broader trade tensions. A previous deal involving Oracle and Blackstone reportedly stalled earlier this year.

<a href="/company/nvidia">Nvidia</a> has hired Chinese <a href="/industry/ai">AI</a> researchers Zhu Banghua and Jiao Jiantao, co-founders of Nexusflow AI, to work on post-training, evaluation, and agentic systems. The move highlights rising demand for Chinese talent in US AI labs, as firms like Google and Meta also step up recruitment of Chinese researchers in advanced AI fields.

<a href="/company/shein">Shein</a> plans to submit a draft prospectus confidentially for a Hong Kong IPO, according to sources, marking a rare waiver of the city’s disclosure rules. If approved, it would be the fast fashion firm’s third attempt to go public after stalled bids in the US and UK due to regulatory setbacks.

Germany’s data protection office has alleged that <a href="/company/deepseek">DeepSeek</a> illegally transfers user data to China and has asked Apple and Google to review the app’s status in their stores. The move could lead to a broader EU ban if other regulators follow suit. DeepSeek, which launched a low-cost <a href="/industry/ai">AI</a> model earlier this year, is facing growing scrutiny over its data handling in Europe.

Anker Innovations has signed a deal with ATL to source 45 million lithium-ion batteries after recalling over one million power banks linked to overheating risks. The move marks a supply chain shift aimed at restoring product safety and consumer trust. ATL, a major supplier to Apple and Samsung, replaces a former vendor that Anker has since cut ties with following the recall.

China’s Big Fund III is shifting its focus to key <a href="/industry/semiconductors">semiconductor</a> chokepoints, including lithography and chip design software, in response to tightening US export controls. Backed by the Ministry of Finance and state-owned banks, the RMB 344 billion fund will prioritize longer-term investments after earlier rounds delivered limited breakthroughs. Initial deals are expected in the coming months.

Singapore will begin deploying autonomous vehicles in public housing estates by the end of 2025, starting with Punggol and expanding to Tengah. Acting transport minister Jeffrey Siow announced the move during a visit to WeRide’s Guangzhou headquarters, part of a partnership to integrate driverless vehicles into the national transport network and address labor shortages with self-driving solutions.

Indonesia has broken ground on a USD 5.9 billion EV battery project backed by <a href="/company/catl">CATL</a>, Huayou Cobalt, and state-owned Antam. Spanning Halmahera and West Java, the project focuses on nickel processing and battery cell production. NGOs including Greenpeace and CRI have warned of environmental risks near the Weda Bay industrial site.

<p data-start="527" data-end="871"><a href="/company/tiktok-shop">TikTok Shop</a> has launched in Japan, enabling in-app purchases through videos, live streams, and brand profiles. The service supports discovery-driven <a href="/industry/e-commerce">e-commerce</a> with features like product tags, affiliate programs, and a dedicated shop tab. Early adopters include Kate, Unilever, and Nissin as TikTok expands its local retail presence.</p>

<a href="/company/honor">Honor’s</a> 400 series smartphones have surpassed one million global activations, marking the brand’s fastest milestone in three years. In the Philippines, launch-day sales rose 1,052% YoY compared to the Honor 200. The new models, released in May, feature Snapdragon chips and 7,200 mAh batteries.

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President Ma Donghui takes control of product, supply, and sales as the company prepares new EV releases.

Li Auto unites R&D and sales to counter Xiaomi’s YU7 momentum

Li Auto unites R&#038;D and sales to counter Xiaomi’s YU7 momentum

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With fresh funding in hand, Omoway aims to bring automotive-grade technology to everyday two-wheelers.

Former Xpeng execs launch Omo X smart e-motorbike in Indonesia

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China Medical System plans SGX listing

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