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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Areas of Expertise:
China finance, property and politicsLanguages Spoken:
English, Mandarin
China’s AI toy sector is forecast to expand to US$12 billion by 2030, up from US$3.5 billion this year.
‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.
China’s years-long housing downturn shows no signs of easing as new home prices fell 0.4 per cent month on month on average in 70 cities.
JD.com’s business-to-business unit tested investor appetite for Chinese supply-chain technology stocks.
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Its lidar sensors are used by carmakers such as Nio, as well as in robotics, unmanned delivery and industrial automation scenarios.
Onshore and offshore restructuring plans expected to reduce debt by US$12.7 billion and ease repayment pressure over the next five years.
Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.
The succession drama at Wahaha has entered a new phase, with heiress Kelly Zong relinquishing her top roles at the beverage giant.
Cofco’s Joy City Property is quitting the Hong Kong bourse after 12 years, joining the wave of mainland developers that have already exited.
Prayers, talismans and lucky emoji bring hope in a market where second-hand home prices have been falling for more than three years.
A brown Labubu and a pink Mokoko will appear alongside characters such as Skullpanda, Dimoo and Molly on the toymaker’s Pop City float.
Retail sales are picking up, but unemployment remains high, prompting lenders to adopt a cautious easing, TransUnion’s Hong Kong CEO says.
The Reserve at Gold Coast Bay sells only 14 flats of the 152 units on offer as of 6.30pm.
Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.
New home prices drop 0.5 per cent across 70 cities despite easing measures amid slowing economy and job worries.
Decision likely reflects ‘some pullback in risk appetite, with growth-stock share prices coming off their highs’, Morningstar analyst says.
HKEX to invest US$58.5 million in CMU OmniClear, which operates the Central Moneymarkets Unit that provides services for debt securities.
While there is a lot of hype around AI, China’s practical approach is more effective, David Siegel says at the Family Business Summit.
Easing of US-China tensions and strong Hong Kong equity market present new opportunities, William Ford says at the Family Business Summit.
China’s consumer price index rose 0.2 per cent year on year last month, the most since January, according to official data.
Pop Mart takes over prime spots once reserved for high-end luxury brands as retail landlords scramble to adjust to changing consumer habits.
Chinese autonomous driving company Pony.ai is poised to be dual-listed in Hong Kong on November 6, 2025.
Hong Kong listing broadens investor base as the autonomous-driving company expands robotaxi services in mainland and abroad, founder says.
At the Global Financial Leaders’ Summit, Chinese officials vow to strengthen Hong Kong’s international financial centre status.
The purchase by Winnie Law follows her father’s US$140 million mansion sale in August – a sign of Hong Kong’s recovering property market.
The Chinese toymaker expects overseas revenue to surpass domestic sales by the end of this year.
Blending tradition with marketing savvy, the brand is luring young, cost-conscious buyers despite a sluggish market and soaring gold prices.
More than 72 per cent of Redsun Services Group’s shares are seized as Chinese developer’s debt woes deepen after defaulting on a pledge.
Beijing-born developer’s Closer Properties buys five adjacent parcels for US$62.5 million to build ‘amenity-rich boutique condominiums’.
