Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of the matter said. The IPO could raise $300 million, local Chinese media reported.

China on Thursday split off a Belgium-sized island with an economy comparable to a mid-ranked country from the mainland for customs processing

Senior party members previously alleged they had been told to disband or face severe consequences, including possible arrest.

Also known as Guardian in Southeast Asia, Mannings’ physical stores in mainland China will cease operations after Jan 15, 2026.

Hong Kong authorities have made their first drug seizure using an underwater robot to examine a ship’s hull. Cocaine worth about HKD 256m ($33m) was discovered by the drone in the sea chest of a 333-metre cargo vessel last month, the customs department said in a statement.

Company leaders optimistic firm can secure land for operations by third quarter of 2026, but call for tax breaks to boost nascent industry.

By Jessie Pang, James Pomfret and Angie Teo HONG KONG/TAIPEI, Dec 16 (Reuters) - Several former colleagues of Hong Kong media mogul Jimmy Lai at the Apple Daily newspaper reacted with dismay at his national security conviction,