Hong Kong's benchmark Hang Seng Index rose 28% in 2025, its best percentage performance since 2017, driven by tech, AI, and semiconductor stocks — The city's benchmark Hang Seng Index finished the year up 28% — Hong Kong stocks ended 2025 with a second consecutive annual gain …
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Sources: SpaceX, OpenAI, and Anthropic could IPO in 2026; those three deals alone would exceed the total proceeds from roughly 200 US IPOs in 2025 — Three biggest US private tech groups plan listings as early as this year, raising hopes of windfall for banks, lawyers and investors
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Analysts and manufacturers expect smartphone, PC, and consumer electronics prices to rise by as much as 20% in 2026, as AI demand drives up memory chip costs — Manufacturers and analysts warn AI data centre build-out is crowding out market for semiconductors
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Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating — The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion
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Some 2025 takeaways in LLMs: reasoning as a signature feature, coding agents were useful, subscriptions hit $200/month, and Chinese open-weight models impressed — This is the third in my annual series reviewing everything that happened in the LLM space over the past 12 months.
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