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ModelBest’s logo . Photo: mrjjxw.com
Artificial intelligence

Chinese AI start-up ModelBest kicks off pre-IPO tutoring process on mainland

Company says it has hired Citic Securities to guide pre-listing preparation but has not announced further details of plans.

Electric & new energy vehicles

China’s EV sales keep sliding as incentives fade and price war seen heating up

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Hong Kong stock market

Hong Kong seeks tech exposure amid Beijing’s rising AI dominance

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Banking & finance

China’s quant funds have edge on foreign rivals, as Beijing curbs trading speed

Top US quant teams unable to beat native competitors in mainland China unlike in Japan or India, despite regulatory clampdown on trading.

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China’s quantitative funds have built trading strategies so closely tailored to the market that foreign rivals cannot replicate them, a prominent economist has said. Photo: Shutterstock
China’s quantitative funds have built trading strategies so closely tailored to the market that foreign rivals cannot replicate them, a prominent economist has said. Photo: Shutterstock
Alibaba

Alibaba says it can build AI data centres in 100 days with modular design

With CUBE 5.0, Alibaba Cloud expects to more than double modular data centre delivery efficiency this year amid AI boom, report says.

China consumption

Gap bucks retail headwinds with massive China expansion amid localisation drive

Gap’s plan for dozens of new stores and return to Hong Kong market comes as Ralph Lauren also posted a 40 per cent year-on-year jump in China sales in past quarter.

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China stock market

Gold breakout rally sends Chinese bullion stocks near record highs

Sovereign-debt risks and reserve diversification seen helping revive investor optimism in the precious-metals market.

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The price of gold rose 1.3 per cent to US$4,479 an ounce on Tuesday. Photo: Shutterstock
The price of gold rose 1.3 per cent to US$4,479 an ounce on Tuesday. Photo: Shutterstock
Electric & new energy vehicles

Tesla faces uphill battle against Beijing’s new standards for self-driving cars

Data regulation is a key issue facing the US electric vehicle giant in China, according to experts.

Banking & finance

China’s banks look to unload US$8.2b in bad credit-card loans

The pace of disposal efforts has accelerated since July, coinciding with the country’s slowing economy.

China consumption

Lululemon rival Alo Yoga enters China market with new store on Alibaba’s Tmall

The US brand announced its entry into China in June as part of its international expansion to tap the premium ‘athleisure’ market.

An Alo clothing store at a shopping mall in Houston, Texas. Photo: Shutterstock Images
Electric & new energy vehicles

Can CATL’s milestone push flying cars closer to a commercial reality in China?

World’s top EV battery maker says aviation pack is ready for mass production after clearing a major safety test.

CATL’s subsidiary Autoflight, a drone maker, launched a waterborne vertiport to support the electric vertical take-off and landing (eVTOL) sector in November. Photo: Handout
CATL’s subsidiary Autoflight, a drone maker, launched a waterborne vertiport to support the electric vertical take-off and landing (eVTOL) sector in November. Photo: Handout
Rare earths

Despite global tensions, China’s rare earth producers have profitable first half

Rapid expansion of AI supply chain has given rare earth prices a strong upwards trajectory, analyst says.

China stock market

How CXMT’s MSCI China index entry may lure fund inflows, cement its top ranking

Chipmaker’s inclusion in main global index system set to spur passive demand and spotlight China’s growing semiconductor clout: analysts.

Mainland China

China retail is ‘hardest’ market to crack due to online price wars, DFI CEO says

DFI plans to increase the number of mainland Chinese 7-Eleven outlets to 3,000 in ‘the next few years’, up from 2,000 now.

A 7-Eleven convenience store in Lan Kwai Fong, Hong Kong. Photo: K. Y. Cheng
China exports

How China’s brands are thriving in the US despite rising geopolitical tensions

Chinese brands like Pop Mart are winning over American consumers by projecting a global image and targeting niche markets.

The Labubu float from Pop Mart makes its way down Sixth Avenue during the Macy’s Thanksgiving Day Parade in New York City last November. Photo: AP
The Labubu float from Pop Mart makes its way down Sixth Avenue during the Macy’s Thanksgiving Day Parade in New York City last November. Photo: AP
Electric & new energy vehicles

Demand for affordable EVs will force open US market to Chinese models: analysts

The pressure is likely to mount after consumers in the two neighbouring markets of Mexico and Canada adopt Chinese EVs.

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China technology

China races to develop brain-computer interfaces that can be inserted in minutes

The technology – which allows patients to control digital devices using their thoughts – can be implanted like a stent in just a few minutes.

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China’s private sector

Global pharma giants turn to Chinese biotech to tap innovation, valuation growth

The foreign investments can help Chinese companies grow and compete on the global stage, according to Citic Securities.

Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
China’s private sector

Sugar for the pill: US$8b fund boosts Hong Kong’s biotech hub ambitions

Hong Kong Investment Corporation is stepping up its efforts to position itself amid Beijing’s challenge to US pharmaceutical dominance.

China stock market

Global AI trade revival brightens outlook for Chinese tech stocks

Improved corporate earnings and a broader global tech rebound are helping stocks bounce back from a record monthly decline.

Banking & finance

Hong Kong preferred base as Chinese SOEs consolidate overseas accounts

City’s attractions include international banking system, deep capital markets, offshore yuan pool and close links with mainland.

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Hong Kong is becoming a hub for central state-owned enterprises’ treasury centres. Photo: Jelly Tse
Hong Kong stock market

Swire Pacific posts record first-half profit as investment surges to fresh high

The Hong Kong-based conglomerate saw its underlying profits soar by 48 per cent year on year in the first half of 2026.

Swire Pacific has reported record first-half profits. Photo: SCMP/Fung Chang
Swire Pacific has reported record first-half profits. Photo: SCMP/Fung Chang
Artificial intelligence

Unrelenting AI demand spawns new plant for PCB maker Victory Giant

Nvidia supplier to invest at least US$444 million in plant for ‘AI high-end electronic circuit smart manufacturing’ in southern city Huizhou.

China stock market

Chinese fund managers’ pursuit of AI plays backfires as hot tech stocks wobble

AI bets have been unravelling globally amid doubts about the investment returns on cloud-service infrastructure.

Hong Kong stock market

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

The Prudential logo is displayed on Star House in Tsim Sha Tsui, Hong Kong. Photo: Handout
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