Vanke has held discussions with parties including state-owned investment company Guangdong Holdings and a Tianjin-based state-owned firm to exit its investment, said people familiar with the matter.

China’s state-owned aircraft manufacturer held a conference ahead of a week-long seminar to seek progress with its C929 passenger jet, which is due to rival the Airbus A350 and Boeing 787 models for long-haul routes.

Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.

Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.

The electric version of the motorised cargo tricycle, long used in China, has drawn interest in the United States after a social media account showed one in Dearborn, Michigan.

Commissioner for Transport Angela Lee says authorities will strike a balance between the financial sustainability of trade and public’s acceptance of fare increases.

Beijing’s enhanced emphasis on stronger ‘productive forces’ is seen giving China a lift in its pursuit of aviation self-sufficiency as external pressure mounts.

One of the lines is planned to run from Vietnam’s port cities of Haiphong and Quang Ninh to the border with China’s Yunnan province. The other would run from Hanoi to near Guangxi.

China has granted production approval for its first electric vertical take-off and landing vehicle, cementing its progress in the rapidly expanding field of manned and unmanned flight at low altitudes.

Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme.

Bindo Labs subsidiary Wonder will try to kick-start adoption by giving taxi drivers the required equipment – worth HK$8,600 (US$1,098) – for the next six months.

Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.

Readers discuss the proposal for a 60 per cent rise in ferry fares to Discovery Bay, and the need to put in place effective recycling facilities before instituting waste charging.

Transport Department says magistrate earlier ordered vehicle owner to pay that amount to cover tolls, surcharges, penalties and costs of proceedings.

MTR Corporation says engineering staff temporarily repaired cracks that were spotted near Tsim Sha Tsui station on Thursday morning.

China has said its ‘low-altitude economy’ will be given direct and indirect aid to ensure this growth sector is nurtured enough to reach its full potential – billions in value by 2030, government research has suggested.

Chinese e-commerce giant Alibaba is partnering with a domestic rocket developer, with the lofty goal of delivering parcels anywhere in the world within an hour.

Readers discuss the ecological impact of reclamation off the coast of Lantau, the culling of wild boars, and the upcoming ban on single-use plastic.

Wreckage shuts down ninth largest harbour in the US and a vital link to China, which a leading consumer of coal shipped through the port.

The arrival of the floating machine – the largest on the US Eastern Seaboard and able to lift over 900 tonnes – will allow the dangerous work of clearing the wreckage to begin.

Formal details of funding is expected on Thursday evening. The ‘quick release’ federal award comes after Maryland governor sought the funding, saying it would lay foundation for a rapid recovery.

Commercial Aircraft Corporation of China official says the ‘overall technical scheme’ of the C929 ‘has been determined’, with the first middle section of the widebody passenger jet set to be delivered by September 2027.

E-commerce logistics giant Cainiao will launch an ‘entrepreneurship incentive plan’ that will double the bonus pool allocated for its financial year ending March 31, 2025.

Changes come amid growing customer frustration as a crisis of the company’s manufacturing quality and safety shows no signs of receding.

‘The Houthis attacked the MV Huang despite previously stating they would not attack Chinese vessels,’ the US military said in a statement.

Russian carmakers are seeking to restart output in a country that produced some 1.5 million vehicles annually before the war and once aimed to become Europe’s biggest auto market.

In exchange, Beijing and Moscow may support the Yemen-based militants in bodies such as the UN Security Council, people with knowledge of the talks say.

Hong Kong’s Global Shipping Business Network has finished a prototype of its first electronic bill of lading in collaboration with Ant Group’s ZAN blockchain unit.