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Among companies listed on the Hong Kong stock exchange’s main board, director pay fell 3 per cent from a year earlier to HK$269,697. Photo: Shutterstock
Hong Kong stock market

Why a 2,000-fold pay gap for Hong Kong board members may be a troubling sign

Far wider disparity than other markets may indicate talent issues on the low end, lack of independence on the high end, lawmaker says.

Pop Mart

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

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Meituan

Meituan warns of US$3.5 billion loss amid intense food delivery price war

China’s crackdowns

China charges former AstraZeneca executive – a sign of the times?

Foreign drug makers face pressure in the Chinese market, from tighter regulatory oversight to growing local competition.

In January, AstraZeneca announced plans to invest US$15 billion in China, its second-largest market. Photo: Shutterstock
In January, AstraZeneca announced plans to invest US$15 billion in China, its second-largest market. Photo: Shutterstock
Hong Kong property

Prince Jewellery director sells upscale Hong Kong flat, upgrades to duplex

Tang Yick-ki swaps his 1,019 sq ft flat in The Cullinan for a 1,593 sq ft duplex in The Waterfront.

Germany

Mercedes to accelerate localisation as China revenue slump hits 2025 profits

Despite a weak outlook, the company unveils a strategy to further localise production in China, introduce AI-based upgrades and launch new models.

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Electric & new energy vehicles

Chinese cars now can’t be sold for less than it costs to make them

Regulator bans tactics that result in a net loss per vehicle after a 7 per cent drop in the average car price.

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Cars are lined up for inspection at carmaker Great Wall Motor’s plant in Baoding, in northern China’s Hebei province, on November 24, 2025. Photo: Reuters
Cars are lined up for inspection at carmaker Great Wall Motor’s plant in Baoding, in northern China’s Hebei province, on November 24, 2025. Photo: Reuters
Artificial intelligence

China’s MiniMax releases AI model ‘designed for real-world productivity’

Company says it is ‘first frontier model … delivering on the promise of intelligence too cheap to meter’.

Hong Kong property

Exclusive | Box office bust? The show may be over for another Hong Kong cinema

IFC Mall is reportedly looking at the big picture as it explores potential tenants to replace upscale movie theatre Palace IFC.

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IPO

Will Chinese AI chip designer Enflame’s Shanghai IPO be another blockbuster?

Tencent-backed Enflame’s listing on the Star Market could follow successful recent flotations from peers Moore Threads, MetaX and Biren.

AI chip designer Enflame on Wednesday entered the inquiry stage of its initial public offering on Shanghai’s Star Market. Photo: Handout
Artificial intelligence

China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

Top PC maker posts a 21 per cent profit drop amid chip squeeze, but bets on AI-powered devices to sustain growth amid industry upheaval.

Lenovo led the global PC market with a 26 per cent share in the fourth quarter after shipping 19.3 million units. Photo: Reuters
Lenovo led the global PC market with a 26 per cent share in the fourth quarter after shipping 19.3 million units. Photo: Reuters
Millionaires and billionaires

Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

The collective net worth of tycoons on Hong Kong’s 50 Richest list rose 22 per cent to US$366 billion.

Artificial intelligence

Alibaba’s Qwen tops 120 million orders in 6 days amid China’s AI shopping battle

Campaign has sparked a behavioural shift towards AI-powered shopping, which Alibaba says is becoming a more popular lifestyle choice.

Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

An aerial drone photo taken on January 14, 2026, shows domestically produced vehicles for export at Yantai Port in east China’s Shandong Province. Photo: Xinhua
Mainland China

Baidu unveils AI-driven Wikipedia challenger in bid for global users

BaiduWiki, a version of the firm’s Baidu Baike online encyclopaedia, is available in English, Spanish, French, Russian and Japanese.

People gather near the Baidu booth at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai on July 28, 2025. Photo: NurPhoto via Getty Images
People gather near the Baidu booth at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai on July 28, 2025. Photo: NurPhoto via Getty Images
IPO

Shenzhen-listed Unisplendour abandons plan to raise funds in Hong Kong

The Tsinghua Holdings arm, however, will raise US$800 million via a private share placement on Shenzhen exchange.

China Conference: Southeast Asia

Fosun Health to build first overseas hospitals in Indonesia amid global push

The Chinese healthcare group is also exploring opportunities to work with local distributors to sell its products in Indonesia.

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Hong Kong stock market

Sudden closure of Chinese restaurant chain’s outlets leaves diners in limbo

Operator Shanghai XNG Holdings suspends operations at 10 branches on the mainland, saying the closures are part of a strategic realignment.

Shanghai XNG Holdings reached a peak of more than 100 outlets across its brands in 2015. Photo: Weibo
Shanghai XNG Holdings reached a peak of more than 100 outlets across its brands in 2015. Photo: Weibo
Made in China 2025

Capital injection: China backs AI drug makers in self-reliance drive

A wave of government-linked investment is boosting Chinese AI drug makers, underscoring Beijing’s drive to build its own biotech ecosystem.

Semiconductors

China’s SMIC expects flat revenue as drop in low-end orders offsets AI growth

The contract chipmaker’s profit falls short of analyst estimates amid ‘challenges’ brought on by memory supply crunch.

Made in China 2025

Chinese healthcare firms expand overseas to support growing expat community

Privately owned Distinct Healthcare plans to open a clinic in Dubai, while TCM group Gushengtang eyes 50 centres in Southeast Asia.

Distinct Healthcare raised HK$284.53 million from its initial public offering in Hong Kong last week. Photo: Handout
Artificial intelligence

Indonesia telco chief warns of digital colonisation, backs China open-source AI

Indonesian executives stress that localisation and sovereignty are key to AI adoption in the fast-growing Southeast Asian market.

From left are Jean Iau, SCMP reporter; Jo Miyake, head of banking, Asia and Middle East, corporate and institutional banking at HSBC; Qian Shihong, chief strategy officer at Huawei Indonesia; Vikram Sinha, president director and CEO at Indosat Ooredoo Hutchison; and Sean Yuan, vice president at Alibaba Cloud International and general manager of South Pacific Region, Alibaba Cloud Intelligence Group. Photo: SCMP
From left are Jean Iau, SCMP reporter; Jo Miyake, head of banking, Asia and Middle East, corporate and institutional banking at HSBC; Qian Shihong, chief strategy officer at Huawei Indonesia; Vikram Sinha, president director and CEO at Indosat Ooredoo Hutchison; and Sean Yuan, vice president at Alibaba Cloud International and general manager of South Pacific Region, Alibaba Cloud Intelligence Group. Photo: SCMP
Artificial intelligence

China’s ByteDance, Alibaba unveil AI image tools to rival Google’s popular Nano Banana

The tech giants’ new image models lower the barrier for individual users or businesses to produce professional-looking images.

Hong Kong property

Hong Kong land fetches US$230 million as Chinese developer outbids city rivals

China Overseas Land & Investment beats eight rivals to secure a 50-year lease for a 33,712 sq ft housing plot in Ngau Tau Kok.

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Banking & finance

Mainland China’s investors pour into Hong Kong-listed drug stocks

An index tracking Stock Connect buying of 40 mainland drug firms gains 9 per cent in a week as China’s industry heft grows.

An employee works on a drug production line at a pharmaceutical company in Meishan, China, on January 30, 2024. Photo: NurPhoto via Getty Images
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