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China Business
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China economy
IPO
Banking & Finance
Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of IPO
Shares were priced at HK$29.80, according to exchange filings.
2 hours ago
Biomedicine: Companies
WuXi AppTec, WuXi Biologics surge on slimmer chances of Biosecure Act’s passage
4 hours ago
China property
Country Garden pledges to deliver homes amid restructuring, litigation
3 hours ago
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Big Tech
Ant Group
Jack Ma makes rare speech at Ant Group’s 20th anniversary
The Chinese entrepreneur addresses the fintech giant for the first time since it withdrew its mega IPO in 2020.
1 hour ago
Jack Ma, founder of Alibaba Group Holding and Ant Group. Photo: Handout
Markets
Hong Kong stock market
Hong Kong stocks mount biggest rally in 7 weeks after Politburo pledges more policy easing
China to adopt more proactive fiscal policies and “moderately loose” monetary policies to boost domestic demand, Politburo readout says.
2 hours ago
Banking & Finance
Ant Group
Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone
CEO Eric Jing will relinquish his management post on March 1 next year and retain his role as group chairman, according to an internal memo on Sunday.
8 Dec 2024 - 1:58PM
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Tech Trends
E-commerce
No Black Friday windfall for Chinese online shops selling overseas
Cut-to-the-bone pricing is eating into the profit margins of Chinese merchants selling online to global shoppers.
8 Dec 2024 - 8:56PM
11
China
US-China relations
US appeal court upholds law banning TikTok if it is not sold
ByteDance, owner of popular short-video app, must sell it to non-Chinese buyer by January 19; TikTok vows to appeal to US Supreme Court.
7 Dec 2024 - 9:53PM
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A US Court of Appeals has upheld a law banning TikTok in the US if it is not sold to a non-Chinese company. Photo Illustration: AFP
China Business
Greater Bay Area
Hong Kong-Shenzhen integration could spur capital flows, innovation: expert
At Qianhai Forum on Greater Bay Area cooperation, policy expert suggests Hong Kong firms should establish dual headquarters in Shenzhen.
6 Dec 2024 - 11:19PM
Big Tech
Smartphones
Huawei premium smartphone shipments surge, as Apple leads segment in China
Mainland shipments of Huawei’s premium-priced smartphones – handsets that cost more than US$600 – rose 34 per cent in the third quarter.
6 Dec 2024 - 8:30PM
Basketball
NBA
NBA’s deal with Macau marks end of 5-year China exile, Nets, Suns heading to city
Basketball league and Sands China sign multimillion-dollar partnership to host pre-season games at Venetian Arena starting in 2025.
6 Dec 2024 - 8:19PM
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Policy
China manufacturing
China to give local products leg up in bids for government contracts
‘New thinking’ for Chinese policy as domestically made products – from all firms – get 20 per cent price advantage in government procurement.
6 Dec 2024 - 5:01PM
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Local producers, even those with foreign ownership, will have an advantage in bidding for government procurement deals, China’s Ministry of Finance said. Photo: AFP
Tech War
US-China tech war
US exempts some Chinese firms from chip curbs for Japan, sources say
Washington has excluded some of China’s largest semiconductor companies from its latest export restrictions.
7 Dec 2024 - 10:55AM
13
Business
NBA
NBA signs deal with Sands China for pre-season games in Macau
The Brooklyn Nets and Phoenix Suns will kick off the partnership with two games on October 10 and 12 next year, said the NBA’s deputy commissioner Mark Tatum.
7 Dec 2024 - 9:46AM
4
China Business
Hong Kong stock market
Hong Kong stocks rise on stimulus hopes ahead of key China economic meeting
The central economic work conference is likely to maintain a positive tone for macroeconomic policies next year, Citic Securities says.
6 Dec 2024 - 4:32PM
China Business
China stock market
Investors search for fresh China stimulus signs ahead of economic conference
Increasing the government’s budget or support measures for consumption and the property market would be welcomed by investors.
6 Dec 2024 - 7:33AM
A man walks by a screen tracking Chinese stocks in Beijing. Photo: Agence France Presse
Big Tech
Artificial intelligence
China’s ByteDance, Alibaba, Tencent seek fresh talent at ‘Olympics of AI’
Some of the world’s brightest minds in AI are expected to attend this year’s Annual Conference on Neural Information Processing Systems.
6 Dec 2024 - 7:00AM
Tech War
Semiconductors
China chip supply chain calls for ‘cooperation’ after broader US restrictions
Speakers at a Shanghai conference avoided commenting on the new restrictions, preferring to highlight the value of ‘global cooperation’.
5 Dec 2024 - 9:02PM
Climate and energy
Business of climate change
China urges tie-ups for solar firms to navigate tariffs, trade tensions
Commerce ministry official asks companies to seek partnerships in belt and road countries and invest in solar power projects.
5 Dec 2024 - 7:45PM
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Big Tech
E-commerce
Temu, Shein halt Vietnam operations pending business registration
Two of the world’s most popular budget-shopping platforms have suspended business in the Southeast Asian nation.
6 Dec 2024 - 2:55PM
Temu and Shein have been forced to suspend their services in Vietnam after they failed to register with authorities. Photo: Shutterstock
China Economy
China trade
German firms seek fair competition in China as profits become ‘razor thin’
Automotive industry remains a cornerstone of German investment, but its carmakers are being challenged by local electric vehicle innovators.
5 Dec 2024 - 4:09PM
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China Business
Electric & new energy vehicles
Chinese carmaker GAC doubles down on Hong Kong appetite for EVs
The state-owned carmaker is ‘very optimistic’ about sales growth in the city as it introduces an SUV model with gull-wing doors.
5 Dec 2024 - 7:53PM
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China Business
General Motors
GM’s China dream fades amid shift to EVs and rise of local rivals
Carmaker is restructuring its operations as it struggles to compete with domestic brands and shift to EVs.
5 Dec 2024 - 1:12PM
OPINION
Brian Y. S. Wong
Opinion
|
3 obstacles China must overcome to mend ties with Europe
6 Dec 2024 - 9:57PM
7
Weijian Shan
Opinion
|
What China can do to make the best of an escalating US trade war
2 Dec 2024 - 8:30PM
David Dodwell
Outside In
|
Europe’s battery crisis a humiliating reminder of China’s EV dominance
29 Nov 2024 - 8:30PM
Christopher Tang
Opinion
|
To respond to a Trump trade war 2.0, China has a few tools at its disposal
22 Nov 2024 - 8:12AM
9
Boris Babic
,
Herman Cappelen
Opinion
|
The West can’t have it both ways on overcapacity
20 Nov 2024 - 8:30PM
4
Zhou Xin
My Take
|
Tesla is getting love from Chinese state media, but can the affair last?
19 Nov 2024 - 7:00AM
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