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Global investors have reaped sizeable rewards from their investments in Hong Kong-listed biotech and pharmaceutical companies in the past year. Photo: Shutterstock
Banking & finance

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

Artificial intelligence

China-founded Shanda’s AI lab boosts Singapore operation, pulling China research

Low-altitude economy

Shanghai to open ‘free-to-fly’ zones covering 46% of city for consumer drones

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Made in China 2025

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

Leung Chuen-yan, partner for healthcare investment at Value Partners Group. Photo: Edmond So
Leung Chuen-yan, partner for healthcare investment at Value Partners Group. Photo: Edmond So
Robotics

China’s Unitree ships over 5,500 humanoid robots in 2025, surpassing US peers

The Hangzhou-based firm’s output far outstripped the roughly 150 units each shipped by Tesla, Figure AI and Agility Robotics last year.

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Artificial intelligence

Tencent seeks cooperation with other AI firms to better serve vulnerable users

Tencent Research Institute looks to build expert data sets for AI models that could broadly benefit the world’s second most populous nation.

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Banking & finance

In wake of Trump post, calls mount for China to impose rate cap on online loans

Beijing tightened oversight of China’s online lending market last year, but many are still borrowing, especially those of younger generations.

The number of credit cards in China has dropped by about 100 million since September 2022. Photo: SCMP
The number of credit cards in China has dropped by about 100 million since September 2022. Photo: SCMP
Banking & finance

Scam, corruption cases spark Chinese debate about future of virtual money

The Chen Zhi arrest might push bitcoin prices down temporarily, but analysts said other factors will have greater sway in the long term.

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China stock market

China pushes slow bull run with tightened margin financing rules

‘Investors should reduce their leverage levels to guard against the risk of volatility,’ BOC International’s Wang Jun says.

Semiconductors

Chinese firms to incur higher costs for deploying AI chips from US: analysts

‘Beijing has made it politically unpalatable for private firms to rely too much on imported AI chips,’ EIU senior analyst Chim Lee says.

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The new import duties on advanced AI chips cover Nvidia’s H200 and Advanced Micro Devices’ MI325X graphics processing units. Photo: Shutterstock
Regulation

Beijing opens antitrust investigation into Trip.com before Lunar New Year break

The Trip.com case shows how China’s regulatory inquiries into various online platforms have become the norm.

Trip.com Group is China’s largest online travel services provider. Photo: Shutterstock
Trip.com Group is China’s largest online travel services provider. Photo: Shutterstock
Artificial intelligence

Video-generation boom sees China’s Kling AI post US$240 million revenue run rate

Kling AI is widely adopted in the fields of marketing and e-commerce, as well as in films, television and animation, owner Kuaishou says.

Artificial intelligence

DeepSeek stays mum on next AI model release as technical papers show frontier innovation

Hangzhou-based start-up’s technical papers bode well for potential advances in its next major AI models.

China stock market

UBS projects rosy view of Chinese stocks in 2026 as investors diversify holdings

‘Chinese assets’ appeal will further increase this year because of a sharpened focus on diversified investments,’ UBS’ Thomas Fang says.

A Chinese trader looks at an electronic trading board at the Shanghai stock exchange. Photo: Reuters
Yuan

China’s PBOC sets onshore yuan fixing at strongest point in nearly 16 months

Analysts note how Beijing’s policy goals, such as internationalising China’s currency and curbing overcapacity, are aligning with a firmer exchange rate.

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The People’s Bank of China set the yuan’s midpoint rate, also known as the daily fixing rate, at 7.0103 to the US dollar on Tuesday. Photo: dpa
The People’s Bank of China set the yuan’s midpoint rate, also known as the daily fixing rate, at 7.0103 to the US dollar on Tuesday. Photo: dpa
Artificial intelligence

DeepSeek founder’s High-Flyer ranks among China’s top hedge-fund firms in 2025

Hangzhou-based High-Flyer ranks second among China’s 10 top-performing large hedge-fund managers last year.

Artificial intelligence

Alibaba’s Qwen family hits 700 million downloads to lead open-source AI adoption

Alibaba Cloud’s Qwen family is the world’s most widely used open-source AI system as of January, Hugging Face data shows.

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China exports

Why overseas residency is a ‘practical advantage’ for Chinese firms going global

Local residency is becoming an essential asset for China’s business owners as they go abroad, granting benefits and networking opportunities.

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Chinese entrepreneurs are showing greater interest in applying for overseas residency and citizenship as China’s firms accelerate their global expansion. Photo: Shutterstock
Chinese entrepreneurs are showing greater interest in applying for overseas residency and citizenship as China’s firms accelerate their global expansion. Photo: Shutterstock
Retailing

Foreign, Hong Kong retailers shut mainland China stores amid fierce competition

High-profile store closures included those of Lane Crawford, Ikea, Triumph, Zara Home and Zara.

Robotics

Chinese firms, led by AgiBot, outpace US rivals in 2025 humanoid robot shipments

‘Chinese vendors are setting benchmarks in large-scale production,’ Omdia analyst Lian Jye Su says.

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Alibaba

Alibaba logistics unit Cainiao opens US-Mexico cross-border service

Cainiao is expected to control key nodes including sorting, line-haul transfer and last-mile delivery for the service.

Cainiao, the logistics arm of Alibaba Group Holding, continues its overseas expansion. Photo: Cainiao
Artificial intelligence

Chinese robot vacuum maker Dreame sees AI-driven appliances run household chores

The firm’s ambition is to become a ‘world-class technology company’, global president Chang Xinwei says.

People at the CES trade show watch Dreame’s prototype Cyber X robot vacuum cleaner, the first such product designed to climb up and down an entire flight of stairs and handle multilevel cleaning. Photo: AFP
People at the CES trade show watch Dreame’s prototype Cyber X robot vacuum cleaner, the first such product designed to climb up and down an entire flight of stairs and handle multilevel cleaning. Photo: AFP
Semiconductors

China semiconductor expert suggests vigilance in buying Nvidia’s H200 AI chips

The US has an inconsistent stance on advanced chips, alternating between limited easing and renewed pressure, Wei Shaojun says.

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Made in China 2025

Chinese biotechs strike a record US$136 billion in out-licensing deals in 2025

Chinese drug makers signed 157 out-licensing deals with global pharmaceutical firms last year versus 94 a year earlier.

Retailing

Furniture retailer Ikea to close 7 stores in China amid property market slump

The firm plans to open more than 10 small-format outlets in key cities over a two-year period.

Ikea’s new strategy underscored the retailer’s sharpened focus on the furniture-replacement segment of the market, as new-home furnishing demand had declined. Photo: Shutterstock
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