Who is Alice Huang and why is her relationship with Nvidia’s CEO under scrutiny?
Nvidia founder and CEO Jensen Huang has admitted to having an extramarital affair as the chipmaker investigates reported allegations that a Chinese businesswoman close to him may have been working for Beijing’s intelligence services. Beijing has rejected the espionage claims as “baseless”, while Nvidia has said it had no reason to believe company secrets or US national security were compromised. The controversy wiped about US$190 billion off the chipmaker’s market value in a single day. US...
Hong Kong Hosts HDD HarmonyOS Ecosystem Executive Summit with Over 100 Industry Leaders
[The content of this article has been produced by our advertising partner.] Huawei brought together nearly 100 industry experts and ecosystem partners at the HDD (Huawei Developer Day) HarmonyOS Ecosystem Executive Summit in Hong Kong on November 9, 2026, as regional enterprises increasingly collaborate to meet the surging demand for seamless outbound travel and lifestyle experiences across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Held under the theme "Open Innovation · Mutual...
As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week
Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, closed 7.7 per cent lower at HK$213 after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the bottom of its...
Chinese traders still confident of Nvidia GPU access amid Jensen Huang scandal
Prices for Nvidia graphics processing units (GPUs) are falling in China’s largest electronics market, as traders shrug off the frenzy of market speculation over tightening export controls in the wake of the US midterm elections and the Jensen Huang affair. The US chip giant’s top-of-the-range GeForce RTX 5090 graphics card surged in price last month at Shenzhen’s Huaqiangbei market, but that was mostly driven by rumours that Nvidia was going to halt production to focus on high-end enterprise...
Chinese biotech giant WuXi AppTec’s shares gain after Pentagon blacklist reversal
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
Less coupon math, more AI: what’s new for China’s 18th Singles’ Day
For Sunny He, a 32-year-old Shanghai resident, this year’s Singles’ Day shopping season culminated in a single, high-value purchase: a 12,000-yuan (US$1,797) iPhone 18 Pro Max, sweetened by a 300-yuan voucher on Alibaba Group Holding’s Tmall marketplace. “For me, Double 11 definitely isn’t as lively as before because I have less spare cash than in previous years,” He said. “Even so, I’ll take advantage of this chance for products that I couldn’t bear to buy at full price, like a new...
Can Hong Kong hold its ground as Nasdaq brings Wall Street into Asian hours?
Nasdaq is preparing to extend trading in US equities on its exchange to nearly 23 hours a day from next month, a landmark shift that will bring Wall Street into real-time competition with Asian markets. The expansion, slated for launch on December 6, introduces an overnight window running from 9pm to 4am Eastern Time. During US winter time, that corresponds to 10am to 5pm in Hong Kong and Beijing, directly overlapping with normal trading hours across China. The US Securities and Exchange...
China’s tech funding divide faces test as fears of an AI bubble rattle markets
For Jason Wang, a media operator based in Zhengzhou in central China’s Henan province, switching his long-held investment strategy of buying gold to tech-themed funds was a bittersweet decision. The 28-year-old retail investor, who has no idea about tech company fundamentals, started buying tech funds – focused on China’s semiconductors, robotics and similar sectors – at the end of last year amid a bull run that lasted until the middle of this year. Watching returns on his semiconductor funds...
Nvidia faces defining test as Jensen Huang probe adds to chip stock turbulence
Nvidia is facing an unprecedented valuation test as a board inquiry into CEO Jensen Huang exposes the US chipmaker to a rare key-person risk, while investors also weigh the midterm elections’ potential impact on Washington’s chip controls and AI regulation. The company’s shares slumped 7.3 per cent as markets opened in the United States on Monday, following Huang’s bombshell confirmation over the weekend that he had been unfaithful to his wife and would cooperate with an investigation into his...
Nvidia fallout: chipmaker faces extensive risks after CEO affair, analysts and lawyers say
As Nvidia launched an investigation into CEO Jensen Huang after he admitted to an extramarital affair, the repercussions threaten not only his three-decade tenure but also the future of the chip giant’s delicate semiconductor trade with China, according to lawyers and analysts. The world’s leading maker of chips for artificial intelligence systems faces an unprecedented corporate and geopolitical storm after its 63-year-old leader told employees that he was unfaithful to his wife and pledged to...