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Daniel Ren
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and marketsLanguages Spoken:
English, Mandarin
Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.
Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.
Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.
Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.
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The California-based firm will use new funding to scale manufacturing and expand globally, with Hong Kong anchoring its regional push.
China’s falling fertility rate sees spike in demand for assisted reproduction as biotech firm raises US$101 million from Hong Kong listing.
Deals reach US$60 billion in first quarter after analysts say Chinese biotech firms have shown substantial technological advancements.
Increased resale activity, driven by first-time buyers and policy support, is fuelling hopes that China’s property market may be stabilising.
Earnings at China’s EV leader fall short of expectations amid intense domestic competition.
Brent crude above US$110 is pushing mainland buyers away from petrol cars, lifting China’s EV makers despite fading subsidies.
Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.
Hesai will spend US$28.9 million this year to design and manufacture ‘eyes and muscles’ for robots, creating a new growth engine.
Firm will ride Beijing’s push for domestic demand by expanding logistics, data centres and renewable energy capacity, GLP China CEO says.
Great Wall Motors, Geely and other Chinese carmakers are using an asset-light strategy to accelerate their growth overseas.
Geely’s sales rise 1 per cent to 476,327 units in January and February, while BYD’s sales slump 38.5 per cent to 400,241 units.
‘We promise to compete based on technology, quality, brand, service and corporate ethics,’ Geely Auto CEO says.
The court’s initiative marks ‘a positive sign that the market would sustain its upward momentum’, hedge fund manager Zhou Ling says.
Chinese insurers are turning to AI as the technology cuts labour costs and enhances pricing accuracy.
Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.
Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.
Regulator bans tactics that result in a net loss per vehicle after a 7 per cent drop in the average car price.
Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.
Guangzhou-based Pony AI begins output of 1,000 autonomous cabs and targets a 3,000-unit fleet by the end of 2026 as it expands globally.
Company touts 100 million swaps, but fast-charging batteries are eating into the technology’s speed advantage, analyst says.
Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.
US EV giant opens hub to advance its Full Self-Driving software, as Chinese carmakers step up their own L3 autonomous driving plans.
The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.
After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.
After years at full throttle, China’s EV sector is slowing sharply, with sales sliding in January as tax breaks fade and costs rise.
