Ulanqab leans on wind power for AI growth

Inner Mongolia’s Ulanqab, once associated with livestock and pastureland, is repositioning itself around AI infrastructure by turning cheap wind power and a cool climate into advantages for energy-hungry computing facilities. China’s tech sector also showed momentum as Alibaba’s US$10 billion share sale was three times oversubscribed in Hong Kong, while YMTC moved into the top 3 flash-memory suppliers with 14% market share.

Hong Kong business and policy developments remained in focus. Shein sought to raise up to US$1.76 billion in a Hong Kong IPO that would value the online fast-fashion retailer at over US$27 billion at the maximum offer price. A Green Earth study of 82 public entities found 41 publish emissions data, while about eight use outdated emission factors.

Regional and global coverage pointed to wider economic and social pressures. Hong Kong’s public universities saw non-DSE admissions surge 63 per cent as local exam-takers fell to 72 per cent of intake. Australia’s air traffic controller shortage triggered safety concerns after Sydney Airport recorded four aircraft close calls in the past month, while investors were warned that market volatility may persist as AI advancement and geopolitical risks reshape markets.