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A SpaceX rocket launches from a company facility in the United States. The company's planned US$75 billion IPO is expected to accelerate listing plans among China's emerging commercial space companies. Photo: Reuters
IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

China’s private sector

China biotech firms say global push is ‘irreversible’ despite US barriers

US-China tech war

Who pays when rockets explode? China rushes to insure SpaceX’s rivals

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Semiconductors

To beat chip crunch, Chinese firm inks memory deal bigger than its sales

The US$1.86 billion multi-year flash deal with unnamed supplier underscores how downstream companies scramble to secure capacity.

Biwin says the deal reduces the risk of supply disruption caused by market fluctuations. Photo: Handout
Biwin says the deal reduces the risk of supply disruption caused by market fluctuations. Photo: Handout
Mainland China

J&T Express faces risk of tougher penalties as China opens formal safety probe

Investors are concerned about the impact of heavier penalties, higher compliance costs and safety oversight amid the probe.

HKEX

Hong Kong emerges as top listing hub for global tech firms, HKEX says

Exchange will review listing rules introduced since 2018 to consolidate its competitiveness in the global fundraising market.

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China stock market

Red-chip listing to make Chinese green power producer Shenzhen’s biggest IPO

Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.

China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
Electric & new energy vehicles

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Hong Kong stock market

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

The New York Stock Exchange decorated for the first day of trading for Alibaba on September 19, 2014. Photo: Shutterstock
Banking & finance

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Investor appetite for Hong Kong debt is growing, with the offerings reinforcing the city’s role as a global bond hub.

Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
China’s private sector

Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts

Growing collaboration between multinational drug makers and Chinese companies not expected to slow after US move.

Hong Kong property

US fintech firm iCapital doubles prime office space in Hong Kong

Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services.

Hong Kong property

Singapore group deepens Hong Kong student housing push with tower purchase

Acquisition of 26-storey building highlights growing international appetite for city’s distressed assets as banks step up property disposals.

Wee Hur Holdings has acquired One Bedford Place, a 26-storey office building in Tai Kok Tsui. Photo: Handout
Electric & new energy vehicles

BYD playing catch-up with demand for fast-charging batteries

Carmaker says sales volume this year will be limited by battery production, which it is expanding by 20,000 to 30,000 units per month.

BYD expects its fast-charging batteries to provide a sales boost. Photo: Reuters
BYD expects its fast-charging batteries to provide a sales boost. Photo: Reuters
Banking & finance

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Hong Kong property

Golden arches as McDonald’s sells another Hong Kong property

The restaurant chain continues to trim its retail portfolio across the city by disposing of a Quarry Bay shop for US$14 million.

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Hong Kong stock market

Alibaba and WuXi AppTec decline in Hong Kong after addition to US blacklist

Designation of Chinese firms fuels investor unease, with markets bracing for a potential Fed tightening and an unwinding of the AI trade.

The Hang Seng Index fell 0.4 per cent on Tuesday. Photo: Jelly Tse
The Hang Seng Index fell 0.4 per cent on Tuesday. Photo: Jelly Tse
Artificial intelligence

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

Mergers & Acquisitions

China’s fast-changing consumers force MNCs to adapt via local alliances

General Mills and Mölnlycke follow Starbucks, Burger King in forging partnerships to better tap local market insights.

Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

After years of competing with Tesla in electric vehicles and self-driving technology, Chinese manufacturers are targeting humanoid robots.

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Shaping up: Chinese EV manufacturers including BYD and Xpeng are now accelerating plans to mass-produce humanoid robots. Photo: Kyodo
Hong Kong property

NWD’s Pavilia Rosa project tests property market amid Hang Seng slump

Hong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment.

A view of Kowloon Tong, Shek Kip Mei and Sham Shui Po. Photo: Dickson Lee
A view of Kowloon Tong, Shek Kip Mei and Sham Shui Po. Photo: Dickson Lee
Macau

Hong Kong-listed Tencent eyes global note issuance amid AI investment surge

Firm expands note programme to up to US$30 billion and proposes international offering to professional investors in next 12 months.

Hong Kong stock market

Hong Kong tech gauge welcomes MiniMax, Zhipu in AI milestone amid slump

Analysts say substantial passive inflows may follow the inclusion of MiniMax and Zhipu, though looming lock-up expiries risk diluting gains.

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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Joe Ngai, Greater China chairman at McKinsey & Company. Photo: Edmond So
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