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China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS
ACTU
12.05.2026

China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS

Jiangsu Hengrui Pharmaceutical, China’s largest drug company by market capitalisation, has signed a global collaboration and licensing agreement with US pharmaceutical giant Bristol Myers Squibb (BMS) worth up to US$15.2 billion. Hengrui’s Hong Kong-traded shares climbed 5.3 per cent to HK$69.55 on Tuesday, while its Shenzhen stock rose 4.84 per cent to 56.11 yuan. The deal adds credibility to China’s growing reputation for innovative drug development. Industry players, however, said the country...

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SCMP Economy
New firms with up to HK$100 billion market value to set up shop in Hong Kong
ACTU
19.04.2026

New firms with up to HK$100 billion market value to set up shop in Hong Kong

Hong Kong is set to announce on Monday a new batch of “strategic enterprises” establishing a presence in the city, including several firms with market capitalisations of up to HK$100 billion (US$12.8 billion), the finance chief has revealed. Writing in his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said the new partners were in high-growth sectors, including life and health technology, the low-altitude economy, artificial intelligence (AI), new energy materials and...

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SCMP Economy
Chipmaker TSMC returns to the list of world's 10 most valuable companies: Here’s what led to its comeback
Tech
19.04.2026

Chipmaker TSMC returns to the list of world's 10 most valuable companies: Here’s what led to its comeback

Taiwan Semiconductor Manufacturing Company (TSMC) has reclaimed a spot in the list of the world’s 10 most valuable companies, riding the optimism of the artificial intelligence (AI) boom. TSMC's stock rallied, elevating its market capitalisation to a record, making it higher than Broadcom. Analysts expect TSMC to further advance amid surging AI-related revenue and strong pricing power.

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TOI Technology