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1. Why Russia is gambling on a protracted war in Ukraine

   When countries committed to supporting Ukraine met in Paris earlier this month to discuss Ukraine’s post-war security, Russia answered with fire. Just days after the summit, Moscow launched a strike that killed civilians and plunged Kyiv into darkness and cold, while also firing its nuclear-capable hypersonic Oreshnik missile towards Ukraine’s Lviv region, attacks widely seen as intimidation...

2. Why China may buy Nvidia’s H200 chips as Trump eases curbs – and replace them later

   China is likely to accept Nvidia’s H200 artificial intelligence (AI) chips following US clearance, driven by immediate demand in the country’s vast tech sector, according to analysts – though they said Beijing would push to replace them over time. The American chip giant’s second-most-advanced AI processor can be exported to China from Thursday, as long as shipments total no more than half the...

3. Zhipu AI breaks US chip reliance with first major model trained on Huawei stack

   Chinese artificial intelligence firm Zhipu AI said its new image generation model was trained on chips from Huawei Technologies, making it the first powerful open-source model to be developed on an entirely domestic training stack. The Beijing-based company, fresh off its Hong Kong initial public offering, said on Wednesday that the achievement proved the feasibility of developing powerful...

4. Hong Kong officials urge buy-back plan over ‘challenging’ Wang Fuk Court rebuild

   Rebuilding the fire-ravaged Wang Fuk Court on its original site to rehouse displaced residents will be “immensely challenging” because of complex legal and property rights issues, a senior Hong Kong official has said, adding that a cash buy-back would be the “fastest and most flexible” solution. Deputy Financial Secretary Michael Wong Wai-lun, who led the government task force on emergency...

5. Cambodia says Chen Zhi’s extradition to China ‘not the end’ of scam centre crackdown

   Cambodia’s arrest of alleged scam centre kingpin Chen Zhi and his extradition to China is “not the end” of ‍the Southeast Asian nation’s battle to stamp out transborder crimes, its foreign minister said. Last week’s surprise arrest of Chinese-born Chen is a key step in an until now fragmented international campaign targeting sophisticated scam networks in Southeast Asia run by criminal gangs,...

6. Huawei reclaims top spot over Apple in China smartphone market after chip breakthrough

   Huawei Technologies edged out Apple to reclaim the No 1 spot in mainland China’s smartphone market in 2025, a new report showed, as the domestic handset maker overcame crippling US sanctions. For the full year, Huawei captured 16.4 per cent of China’s smartphone market with 46.7 million units shipped, narrowly beating Apple, which shipped 46.2 million iPhones for a 16.2 per cent share, research...

7. Malaysian gets 12 years’ jail in Singapore for Caucasian ‘sugar daddy’ sextortion scam

   A Singapore court has sentenced a 38-year-old Malaysian man to 12 years in prison and 15 strokes of the cane for posing online as a wealthy Caucasian “sugar daddy” and coercing women into sex while extorting money with threats to release explicit material. The man, Rajwant Singh Gill Narajan Singh, was convicted of two counts of cheating and one count each of extortion and attempted extortion...

8. China’s anti-corruption watchdog reveals how former banker fell in bribery scandal

   China’s anti-corruption watchdog has detailed how disgraced former banker and Communist Party chief of Hubei province Jiang Chaoliang received bribes for favours, ultimately landing himself and his brothers under investigation. The revelations came in an episode of a CCTV documentary series that aired on Tuesday night during the fifth plenary session of the Central Commission for Discipline...

9. 73% of Hong Kong, Greater Bay Area firms speeding up expansion into Asean: survey

   Nearly three-quarters of enterprises from Hong Kong and other Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and Singapore-based United Overseas...

10. Li Ka-shing’s CK Infrastructure gets nod to sell train leasing firm UK Rails

    CK Infrastructure Holdings is poised to complete the disposal of UK Rails (Eversholt Rail) this month following London’s approval of the deal, according to the company, which is part of Hong Kong tycoon Li Ka-shing’s business empire. The train leasing company is owned by a consortium of the group’s companies: CK Infrastructure, which holds 65 per cent, along with CK Asset Holdings (20 per cent),...