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China economy
Regulators have imposed the heaviest fine of 1.51 billion yuan on PDD and suspended it from adding new bakery merchants for nine months. Photo: Reuters
E-commerce

Hidden office, fractured bone: violent clashes in China’s food safety crackdown

Details of secrecy, obstruction and violence emerge from a probe into 67,000 ‘ghost’ bakeries across China’s biggest e-commerce platforms.

Hong Kong stock market

Premium for mainland China shares erodes or flips as Hong Kong draws capital

China stock market

Outlook for China stocks brightens on capital flows, rebounding home prices

Electric & new energy vehicles

Jump in EU EV sales amid Iran war boosts Chinese brands’ fortunes

Chinese-made EVs accounted for 16 per cent of the EU market in the year’s first two months, up from 12.2 per cent in 2025, CPCA data shows.

Sales of battery electric vehicles in the EU climbed 51 per cent month on month in March. Photo: EPA
Sales of battery electric vehicles in the EU climbed 51 per cent month on month in March. Photo: EPA
Artificial intelligence

Huawei launches AI glasses as China battle for smart wearables intensifies

Huawei’s debut adds momentum to China’s booming smart eyewear market, which saw shipments surge 35-fold in 2025.

ByteDance

ByteDance profit plunges on AI push as TikTok Shop fuels overseas surge: reports

‘All-in’ AI drive cuts profits by 70 per cent, while booming TikTok Shop sales help overseas markets outpace China, reports say.

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Banking & finance

Hong Kong well positioned to attract global capital amid geopolitical shifts

Hong Kong is attracting global investors seeking stability as interest grows in its financial markets, FSDC officials say.

Hong Kong’s ETF market has expanded rapidly to surpass South Korea and Japan to become the world’s third-largest market. Photo: Eugene Lee
Hong Kong’s ETF market has expanded rapidly to surpass South Korea and Japan to become the world’s third-largest market. Photo: Eugene Lee
Banking & finance

Orient Securities buyout to create US$85b brokerage amid consolidation push

Regulators are pressing ahead with their drive to nurture world-class investment banks through mergers and acquisitions.

Electric & new energy vehicles

China’s Hesai adds colour to lidar to help EVs level up in self-driving

Colour-capable sensors to ‘significantly enhance’ sensing, helping cars identify traffic lights, construction signs, Deutsche Bank says.

Banking & finance

Hong Kong reasserts role as safe haven in global finance amid Iran conflict

The city’s safe-harbour appeal for capital and investments grows as China’s support strengthens its edge while Dubai faces pressure.

Helping boost Hong Kong are a pegged exchange rate, free capital flows and support from China’s economic strength. Photo: Jelly Tse
Banking & finance

Cash holdings rise amid war, but Asia remains key for wealthy: Schroders CEO

High-net-worth clients continue to seek opportunities in Asia, taking a longer-term view despite global uncertainties, Richard Oldfield says.

Schroders Group CEO Richard Oldfield at the company’s Hong Kong office in Admiralty on April 15. Photo: Eugene Lee
Schroders Group CEO Richard Oldfield at the company’s Hong Kong office in Admiralty on April 15. Photo: Eugene Lee
Artificial intelligence

‘State-of-the-art’ models can struggle with basic office work, says AI executive

Advanced AI can ace Olympiad maths yet falters in routine office tasks as enterprises turn to smaller models for everyday use: David Meyer.

China’s private sector

Chinese drug makers take on Western dominance in US$16 billion Parkinson’s race

The future of treating brain diseases could lie in non-invasive technologies, according to Chongqing Haifu Medical Technology.

Artificial intelligence

Asia’s supply chains could give it edge over US in AI race: Granite Asia’s Foo

Asia’s industrial ecosystem could deliver faster deployment of robotics and embodied AI systems, veteran venture capitalist says.

The current wave of AI development has entered a new phase where physical applications – from robotics to industrial automation – are becoming increasingly important, playing to Asia’s long-standing manufacturing strengths, according to a veteran venture capitalist. Photo: Xinhua
China’s private sector

China’s drug makers are speeding up – will AI be their secret weapon?

Chinese biotech firms are striking big global deals as drug makers, but could artificial intelligence take them to the next level?

Illustration by Henry Wong
Illustration by Henry Wong
US-China tech war

Chinese LED chipmaker’s purchase of Dutch firm collapses after US opposition

The failed Lumileds deal highlights the growing hurdles Chinese tech firms face in overseas acquisitions under tightening US policy.

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Banking & finance

HKEX proposes halving settlement cycle to boost Hong Kong’s financial profile

Bourse operator launches a consultation on shortening the share settlement cycle to one day, aiming to implement the reform in late 2027.

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US-China tech war

‘Horrible’ for US if DeepSeek AI models run on Huawei chips: Nvidia CEO

DeepSeek on Huawei chips could help China – powered by ‘abundant’ energy and large pool of researchers – catch up with US in AI: Nvidia CEO.

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Even if China has inferior chips, it can still catch up with the US in AI development given its abundant energy and large pool of AI researchers, according to Jensen Huang. Photo: Handout
Even if China has inferior chips, it can still catch up with the US in AI development given its abundant energy and large pool of AI researchers, according to Jensen Huang. Photo: Handout
Hong Kong stock market

China’s Warren Buffett calls Pop Mart a long-term buy, hints at owning stake

Duan Yongping sees Pop Mart as a promising long-term investment, praising its growth potential and unique business model.

Hong Kong stock market

Chinese AI firm SenseTime to raise US$415 million via share placement

Placement priced at an 8.6 per cent discount as the AI firm boosts investment in multimodal models and cloud infrastructure.

IPO

Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut

The company’s listing highlights its pivot from design tools to advanced AI-driven spatial platforms as it eyes overseas growth.

Manycore Tech is positioning itself at the intersection of artificial intelligence and the physical world. Photo: Getty Images
Business of climate change

Asia-Pacific firms face credit pressure from Iran war energy shock, S&P says

Higher energy prices ratchet up pressure on manufacturing businesses to maintain their profit margins amid rising raw material costs.

A fuel tanker truck leaves a gas station in Beijing, March 28, 2026. Photo: AP
A fuel tanker truck leaves a gas station in Beijing, March 28, 2026. Photo: AP
Electric & new energy vehicles

China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars

The world’s top lithium producer forecasts a strong turnaround as global decarbonisation and AI-driven energy storage fuel demand.

Artificial intelligence

Chinese tech giants, AI ‘godmother’ Li Fei-Fei race into world models

Alibaba’s introduction of Happy Oyster model for real-time creation of virtual worlds follows unveiling of Spark 2.0 from Li’s World Labs.

Yuan

China boosts overseas-loan quotas as ‘panda bond’ issuance hits record high

Beijing’s move to lift offshore-loan quotas seen helping stabilise yuan against weaker US dollar while accommodating a surge in net financing via ‘panda bonds’.

A person walks past the building of China’s central bank in Beijing. Chinese regulators have raised the overseas-loan leverage ratio for foreign banks in China and their joint ventures with Chinese lenders. Photo: Getty Images
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