North Asia

The ChatGPT maker will commit more than $234m to support the city-state’s national AI strategy, alongside collaborations with Google and Nvidia; in addition, AMD is investing $10bn in Taiwan’s AI infrastructure and AI has boosted Lenovo's revenues.

The US investment firm’s new office will be led by Peter Rosenbloom, managing director and head of Asia Pacific, as HPC expands its private markets presence in the region.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Asia Fund VI exceeded its $7bn target and will focus on opportunities across technology, industrials, consumer, healthcare, business and financial services.

Chinese regulators have blocked Meta’s acquisition of AI firm Manus, and fined a Chinese food firm using new overseas listing rules, as tech security concerns rise.

Rather than relying solely on exports, Chinese companies are gradually integrating into Europe’s industrial fabric, argues Collabrium Partners' Adam Zhang Yu.

As jumbo sized issuances continue in Apac, 60% of the proceeds from the dual-tranche issuance will be used for international expansion by the Chinese home appliance giant.

The agreement between the pharmaceutical firms includes collaboration and licence agreements on early-stage programmes for oncology, hematology, immunology and innovative assets; BMS Is paying an upfront payment of $600m.

Revised listing requirements, rebalanced indices, and expanded cross-border schemes, such as Stock Connect, are reshaping Hong Kong’s financial landscape, and driving the capital flows that are transforming the Greater Bay Area; Christopher Chu reports.