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Joe Ngai, Greater China chairman at McKinsey & Company. Photo: Edmond So
China’s private sector

China market is the ‘world’s toughest gym’ for global brands: McKinsey

Innovation, speed, and entrepreneurial agility are needed in China; foreign firms must adapt or lose ground, says McKinsey’s Joe Ngai.

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Wealth management

International firms bet big on Hong Kong’s US$2.95 trillion wealth hub status

China’s private sector

Which company could become the Chinese Pfizer? Here are analysts’ top picks

Hong Kong property

Why Hong Kong’s lofty wealth status matters to high-end malls

Positive trend comes from a surge in affluent spending, with new flagship projects reinforcing the city’s role as a global brand magnet.

Hongkong Land's Alexander Li, director and head of retail, Hong Kong and Macau, said the number of high-net-worth individuals who spend more than HK$200,000 at Landmark in the first four months of 2026 jumped more than 30 per cent, compared with the same period a year earlier. Photo: Jonathan Wong
Hongkong Land's Alexander Li, director and head of retail, Hong Kong and Macau, said the number of high-net-worth individuals who spend more than HK$200,000 at Landmark in the first four months of 2026 jumped more than 30 per cent, compared with the same period a year earlier. Photo: Jonathan Wong
China’s private sector

With AI able to predict disease, can we treat ageing like a ‘bug’ in the system?

AI is transforming longevity as companies like METiS TechBio and Human Longevity use algorithms to combat ageing and predict health risks.

Electric & new energy vehicles

Why foreign marques are struggling to keep pace with Chinese EV demand

Domestic brands surge on fresh incentives and better batteries, while foreign carmakers fail to sustain their earlier market share.

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Wealth management

Hong Kong’s proposed fund talent tax break set to sharpen edge over Singapore

Incentive will give Hong Kong the lowest tax rate globally for fund managers whose income is largely driven by performance fees, sources say.

The measure is poised to make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses. Photo: Eugene Lee
The measure is poised to make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses. Photo: Eugene Lee
Electric & new energy vehicles

China’s BYD, Chery chart 80% growth overseas as EV demand spikes

‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.

Artificial intelligence

More US firms turn to China’s DeepSeek over pricey Silicon Valley AI

DeepSeek takes top spot on ‘trending’ list as companies look for alternatives to OpenAI and Anthropic, spending tracker’s report says.

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Hong Kong property

China’s tighter grip on outbound capital may test Hong Kong’s housing rebound

The luxury market is under the spotlight as it has been the key driver for the city’s property market recovery this year.

A night view of Hong Kong Island and Kowloon side taken on August 25, 2025. Photo: Sam Tsang
Electric & new energy vehicles

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror

Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

A Tesla vehicle on display at a Beijing showroom. Deliveries from the carmaker’s Shanghai plant hit a 2026 high in May. Photo: AFP
A Tesla vehicle on display at a Beijing showroom. Deliveries from the carmaker’s Shanghai plant hit a 2026 high in May. Photo: AFP
Banking & finance

China’s Tiger Brokers reports strong results amid trading crackdown

Hong Kong trading soars 536 per cent, firm says, while making no mention of US$61 million fine from China’s market watchdog.

Ant Group

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Investment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com.

China’s private sector

The big scoop: lemon tea chain to revamp Haagen-Dazs’ struggling China business

General Mills is offloading the ice cream brand’s mainland China stores, as foreign businesses revamp models amid heated domestic competition.

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Haagen-Dazs currently operates nearly 200 stores in mainland China. Photo: Handout
IPO

Why Hong Kong is now the launch pad for mainland China’s AI champions

City emerges as a price-discovery hub, with mainland AI firms reversing a decades-old dual-listing order to secure global benchmarks.

Zhipu and MiniMax are spearheading the new trend of listing first in Hong Kong before selling shares in mainland China. Photo: Shutterstock
Zhipu and MiniMax are spearheading the new trend of listing first in Hong Kong before selling shares in mainland China. Photo: Shutterstock
Banking & finance

Fear of missing out: why Asia-Pacific firms chase AI despite scant returns

Survey shows many enterprises across the region invest heavily in AI, worried that their rivals will outpace them.

China property

Food Republic joins wave of foreign brands retreating in China

Singaporean operator leaves capital after 25 years as food court model loses favour amid rise of food delivery, shopping-mall evolution.

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Electric & new energy vehicles

Chinese EV makers recover in May but competition fierce amid overcapacity woes

Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.

A man opens the door of a Zeekr X7 electric vehicle at a showroom in Beijing on February 3, 2026. Photo: AFP
A man opens the door of a Zeekr X7 electric vehicle at a showroom in Beijing on February 3, 2026. Photo: AFP
China’s private sector

Akeso lung cancer drug trial raises hopes in US$20b market

Ivonescimab phase three trials reduce death risk by 34 per cent, as analysts predict it could transform non-small cell lung cancer therapy.

Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

China stock market

China index reshuffle to entrench tech trades and boost AI rally: brokerages

Shanghai exchange revamp lifts tech weighting and adds chipmakers, signalling policy support and investor confidence.

The shake-up is projected to spur US$3.1 billion of inflows into tech hardware and semiconductor makers, according to Goldman Sachs. Photo: Reuters
Robotics

World of humanoid robots set for new blueprint as Nvidia teams with Asian firms

The tech trio team up to create a state-of-the-art robot reference design allowing researchers to build, fine-tune and deploy skills faster.

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Unitree robots perform dance moves at Global Sources Hong Kong Shows at AsiaWorld-Expo in Chek Lap Kok. The exhibition showcases the newest technologies in mobile accessories and AI-powered consumer electronics. Photo: Eugene Lee
Unitree robots perform dance moves at Global Sources Hong Kong Shows at AsiaWorld-Expo in Chek Lap Kok. The exhibition showcases the newest technologies in mobile accessories and AI-powered consumer electronics. Photo: Eugene Lee
Banking & finance

Hong Kong’s record insurance sales risk cooling under cross-border capital curbs

Insurers brace for impact from stricter cross-border rules, with the Insurance Authority stepping up oversight of mainland visitor purchases.

Electric & new energy vehicles

AI could redefine China’s EV market: Morgan Stanley

Carmakers redirect resources to autonomous driving upgrades, hoping AI can deliver growth beyond subsidy-driven sales.

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Hong Kong economy

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

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Illustration: Victor Sanjinez
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