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OpenAI will shut down its Sora platform, discontinue developer tools, and remove video features from ChatGPT, CEO Sam Altman told staff. The company i…

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The open-source tool promises hands-free automation, but users may find it costly, complex, and less practical than expected.

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<a href="/company/openai">OpenAI</a> will shut down its Sora platform, discontinue developer tools, and remove video features from ChatGPT, CEO Sam Altman told staff. The company is reallocating compute and talent to productivity and coding tools as it streamlines its product lineup ahead of a potential IPO.

China has restricted two Manus co-founders from leaving the country as regulators review Meta's USD 2 billion acquisition for potential foreign investment violations. The executives were questioned by authorities, with no formal investigation or charges announced.

China's share of global wafer fabrication capacity for mainstream chips is expected to reach 42% by 2028, up from 32% in 2025, according to SEMI China. Industry executives cited rising demand from agentic AI and advances in chip packaging as key growth drivers.

E-Power, formerly Sunrise New Energy, said it reached a preliminary agreement with ATSC Solartech to establish localized production in Vietnam for battery anodes and microgrid solutions, targeting <a href="/industry/ai">AI</a> data center and energy storage demand. The plan includes meeting US export requirements and launching initial capacity this year.

China Mobile has invested nearly HKD 10 billion in Hong Kong and opened a new data center, bringing its total capacity in the city to over 13,000 server racks. It plans to expand submarine cables and integrate Hong Kong into China’s national computing network.

SpaceX is reportedly aiming to file its IPO prospectus as soon as this week or next, with advisers expecting a raise of more than USD 75 billion. The Elon Musk-led company has not confirmed the plans.

<a href="/company/pop-mart">Pop Mart</a> reported 2025 revenue of RMB 37.1 billion, up 185% YoY, and net profit of RMB 12.8 billion, up 309%. It set a 2026 growth target of at least 20%, while outlining theme park expansion plans and a FIFA World Cup partnership featuring its Labubu IP.

A <a href="/company/bytedance">ByteDance</a> subsidiary has applied for multiple “Seedance” trademarks across categories including food, medical horticulture, and chemicals, with all applications pending review. The filings align with Seedance 2.0, its <a href="/industry/ai">AI</a> video generation model that creates clips from text or images, now in limited testing on the Dreamina platform.

<a href="/company/alibaba">Alibaba</a>, <a href="/company/tencent">Tencent</a>, <a href="/company/bytedance">ByteDance,</a> and <a href="/company/baidu">Baidu</a> are projected to invest a combined USD 84 billion in <a href="/industry/ai">AI</a> infrastructure in 2027, up 60% from 2025, according to Goldman Sachs. Data centers and AI agents account for much of the planned outlays, as the companies expand capacity despite mounting pressure on margins from higher upfront costs.

<a href="/company/tencent">Tencent</a> has introduced a ClawBot plug-in on WeChat, enabling its users to control OpenClaw <a href="/industry/ai">AI</a> agents within the app. The rollout expands Tencent's agentic ecosystem after similar integrations on QQ and WeCom, and comes as Chinese cybersecurity bodies issue guidance on security assessments and usage risks.

Sinopec reported a 36.8% YoY decline in 2025 net profit to RMB 31.8 billion, citing rising new energy substitution and weak petrochemical margins. Refinery throughput slipped 0.8% to 250.33 million tons, while gasoline and diesel output fell 2.4% and 9.1%, respectively. The company plans 2026 capital expenditure of RMB 131.6–148.6 billion.

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The Shenzhen-based firm is expanding its D2C model as the AI boom drives demand for high-speed data center connectivity.

FS.com lists in Hong Kong, riding demand for AI-era networking hardware

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The app-based platform streamlines event workflows while scaling with booth operators’ needs.

Can ChackTok untangle Southeast Asia’s fragmented photo booth market?

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OpenAI to shut down Sora

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FS.com lists in Hong Kong, riding demand for AI-era networking hardware

Can ChackTok untangle Southeast Asia’s fragmented photo booth market?

Cobot maker Huayan nears Hong Kong IPO amid rising interest in humanoid robotics