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Term sheets, IPOs, layoffs, and the operators building the next wave across ASEAN, India, and Greater China.

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Why Mainland Tech Firms Are Choosing Hong Kong for More Than Money

Recent IPOs reveal how Chinese startups leverage the city's global networks, partnerships, and product refinement opportunities alongside its deep capital pools.

By Wei Zhang·Jul 9, 2026·5 min read
Startups

Obsidian Shifts Gears to Fallout After Microsoft Cancels Avowed Sequel

The studio behind The Outer Worlds will lead a new entry in the post-apocalyptic franchise as Xbox's restructuring cuts 3,200 jobs and kills

Daniel R. Whitfield ·   · 5m
Startups

Blue Origin Pursues Record Capital Round After New Glenn Explosion

Jeff Bezos's rocket maker seeks $10 billion from institutional backers months after a test failure grounded its flagship vehicle, signaling

Marcus Halloran ·   · 5m
Startups

Blue Origin Opens the Door to Outside Capital After Two Decades

Jeff Bezos's space venture is raising $10 billion in its first external funding round, signaling a strategic shift as it scales lunar lander

Arjun S. Mehta ·   · 6m
Startups

Momenta's Hong Kong Debut Exposes Investor Caution on Autonomous Driving Economics

The Toyota-backed self-driving startup raised $750 million but closed flat, highlighting the gap between technical promise and profitability

Wei Zhang ·   · 4m
Startups

Paris Startup Bets on Multi-Chip Inference to Break AI Hardware Lock-In

ZML launches free inference server that promises peak performance across Nvidia, AMD, Google, Apple, and Intel silicon, challenging the econ

Mei-Lin Tan ·   · 6m
Startups

Houston Startup Pivots From Hypersonic Passengers to Defense Contracts

Venus Aerospace's rotating detonation engine attracted $90 million after a successful flight test forced the company to reconsider its comme

Marcus Halloran ·   · 6m
Startups

SAIC Mobility's Second IPO Push Reveals Platform Dependency Problem

The SAIC Motor-backed mobility operator is growing order volumes, but its updated Hong Kong filing shows how much value digital platforms ex

Wei Zhang ·   · 7m
Startups

Apple Locks in $30 Billion Broadcom Supply Deal to Anchor US Chip Production

The multi-year commitment marks the iPhone maker's largest domestic chip supply agreement yet, with $1.5 billion earmarked for Colorado manu

Arjun S. Mehta ·   · 4m
Startups

Fujikura Bets Big on Fiber Optics After Years of Conservative Growth

Japanese cable maker pivots to aggressive data center expansion as U.S. orders surge, leaving behind the caution that defined its strategy s

Kenji Watanabe ·   · 4m
Startups

VinFast Prices Its Smallest EV at $7,100 as Vietnam's Car Market Opens Up

The Vietnamese automaker's VF2 targets first-time buyers in a market where two-wheelers still dominate, even as Hanoi tightens rules on gaso

Mei-Lin Tan ·   · 4m
Startups

Japanese Brokerages Rethink Infrastructure After SpaceX Offering Proves Retail Appetite

Mizuho and SBI are upgrading systems to capture domestic demand for U.S. tech IPOs, following a $2 billion cross-border debut that revealed

Kenji Watanabe ·   · 6m
Startups

Figma Acquires Bud Team to Push Design Platform Closer to Production Code

The acquisition signals Figma's ambition to extend beyond static design into agent-based prototyping and deployment, with the Bud team bring

Arjun S. Mehta ·   · 5m
Startups

Momenta's Hong Kong Debut Tests Investor Appetite for Autonomous Driving

The Chinese startup, counting nine of the world's top ten automakers as clients, raised over $750 million but faces persistent questions abo

Arjun S. Mehta ·   · 5m
Startups

Atlas V's Final Chapter: Six Rockets, One Customer

United Launch Alliance's workhorse rocket closes its commercial manifest, leaving only Boeing Starliner missions on the books as the company

Marcus Halloran ·   · 5m
Startups

Li Auto Flattens Command Structure as EV Maker Pursues Speed Over Scale

The Chinese automaker is dissolving middle management layers to push product decisions closer to engineering teams, a restructuring that ech

Wei Zhang ·   · 5m
Startups

Xbox Targets One Billion Daily Users After Historic Restructuring

As Microsoft's gaming division announces its largest-ever workforce reduction, CEO Asha Sharma outlines an ambitious growth vision that stan

Daniel R. Whitfield ·   · 5m
Startups

Bidbus Raises $15M to Turn Used Car Sales Into a Dealer Bidding War

The LA startup claims its marketplace nets sellers $2,000-$3,000 more than instant-buy platforms by making dealerships compete in real time

Marcus Halloran ·   · 5m
Startups

Norm Reaches Unicorn Status With $120M Series C for AI-Supervised Legal Practice

The startup's outcome-based billing model and agent-supervising-agent architecture challenge traditional law firm economics as enterprise cl

Arjun S. Mehta ·   · 5m
Startups

SpaceXAI Emerges as Musk Consolidates AI Under Orbital Ambitions

The merged entity's new identity signals a strategic pivot toward space-based compute infrastructure, with implications for Asia's cloud pro

Arjun S. Mehta ·   · 8m
Startups

Sumitomo Mitsui Trust Bank Takes 15% Stake in New Zealand Infrastructure Firm

Japanese banking giant partners with Morrison to chase data center and energy infrastructure opportunities driven by AI expansion

Kenji Watanabe ·   · 5m
Startups

Growatt Returns to Hong Kong IPO Queue After Two Postponements

The Chinese inverter maker's third attempt reflects both capital market turbulence and a strategic pivot toward energy storage systems as so

Wei Zhang ·   · 4m
Startups

Hong Kong IPO Filing Reveals Young Founder's Strategy at Direct Drive Tech

At 31, the CEO has guided the precision motor manufacturer through listing approval as mainland firms eye offshore capital amid evolving cro

Wei Zhang ·   · 5m
Startups

Domestic Semiconductor Toolmakers in China Face Profitability Scrutiny Amid Stock Surge

A rally in chip equipment stocks driven by memory expansion bets now confronts the reality check of earnings disclosure, testing investor co

Wei Zhang ·   · 4m
Startups

Microsoft Cuts 3,200 Xbox Jobs and Divests Five Studios in Division Reset

New CEO Asha Sharma implements sweeping restructuring following admission of "hard truths" about gaming unit performance

Marcus Halloran ·   · 4m