Advertisement
Advertisement
-
Business /

China Business

Related Topics:
China economy
A post from WeChat said user complaints prompted it to block links from the chatbot’s campaign. Photo: Shutterstock
Tencent

Tencent’s giveaway campaign for AI chatbot Yuanbao blocked – by WeChat

Units clash as super app blocks links from AI chatbot’s US$144 million promotion for ‘impacting user experience and causing harassment’.

Artificial intelligence

Chinese AI firms defend safety practices, push back on Western criticism

5
Electric & new energy vehicles

Tesla, Xiaomi vie for Chinese EV buyers with cheaper, longer loans

Hong Kong stock market

Hong Kong stocks gain as tax worries abate, solar sector rallies on Musk plans

‘Broader VAT hikes on private services are unlikely in 2026 and would run counter to reflation efforts,’ Morgan Stanley says.

People walk near screens displaying stock information at Exchange Square in Hong Kong, home of the city’s bourse operator, on February 3, 2026. Photo: Reuters
People walk near screens displaying stock information at Exchange Square in Hong Kong, home of the city’s bourse operator, on February 3, 2026. Photo: Reuters
Semiconductors

Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

Several suppliers aim to follow in the footsteps of Montage Technology, which is set to raise US$896 million and debuts next week.

Artificial intelligence

Funding surge powers Chinese robotics firms as focus shifts to humanoid ‘brains’

State-backed funds, Big Tech drive fresh capital into robotics companies, betting on operating systems that underpin humanoid intelligence.

Advertisement
Advertisement
Advertisement
Artificial intelligence

Compact AI model from China’s StepFun outshines rivals from DeepSeek, Moonshot

StepFun says its lightweight model Step 3.5 Flash aims to redefine efficiency and reasoning in China’s growing AI race.

Chinese AI developers are rushing to launch new models around the Lunar New Year to capitalise on the festive season. Photo: Shutterstock
Chinese AI developers are rushing to launch new models around the Lunar New Year to capitalise on the festive season. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks rise despite losses for tech firms on tax concerns

Baidu, Kuaishou among internet stocks losing ground amid rumours regulators may adjust value-added taxes on the sector.

Hong Kong stock market

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

Artificial intelligence

‘Value for money’: OpenClaw picks Chinese AI models for cost edge over US rivals

OpenClaw adds Moonshot AI’s Kimi and MiniMax as Chinese open-source AI models gain global appeal for cost and performance.

Chinese open-source AI models, including Moonshot AI’s Kimi, are known for their competitive pricing. Photo: Shutterstock
Artificial intelligence

Red packet rumble: will Tencent’s cash giveaway work again in crowded AI market?

Analysts say strong competition from ByteDance, DeepSeek, Ant Group and Alibaba may prevent Tencent’s Yuanbao from repeating WeChat glory.

Tencent’s Yuanbao has launched a campaign that gives out cash through digital red packets. Photo: Shutterstock
Tencent’s Yuanbao has launched a campaign that gives out cash through digital red packets. Photo: Shutterstock
Robotics

When a robot topples: China’s Xpeng deals with fallout from humanoid’s plunge

CEO draws parallel to toddlers learning to walk before they run, after Iron’s loss of balance becomes viral fodder.

Artificial intelligence

Alibaba’s Qwen ramps up AI app race with Spring Festival giveaway blitz

Alibaba unveils US$432 million campaign to push mass-market adoption of its AI as rivalry with Tencent, Baidu and ByteDance intensifies.

Banking & finance

Chinese gold, silver investors face gut check amid volatility, fund suspensions

Some retreat to the sidelines as another fund suspends new investments and futures plunge, while others remain determined to buy the dip.

A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China’s eastern Jiangsu province, on December 24, 2025. Photo: AFP
Electric & new energy vehicles

Chinese EV makers’ shares skid as sales slide after tax incentive ends

Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.

BYD EVs proceed through assembly at a plant in Zhengzhou, in central China’s Henan Province, on November 14, 2025. Photo: Xinhua
BYD EVs proceed through assembly at a plant in Zhengzhou, in central China’s Henan Province, on November 14, 2025. Photo: Xinhua
Artificial intelligence

China’s AI labs race to debut latest models before Lunar New Year

More firms expected to follow Alibaba and Moonshot with model releases, as the festival becomes a key period to establish visibility.

Hong Kong stock market

Hong Kong stocks drop by most since November, led by mining, telecoms

Telecommunications firms drop after Chinese authorities raise value-added taxes, denting profit expectations.

Advertisement
Advertisement
Advertisement
IPO

Hong Kong back in global IPO spotlight after strongest January in years

IPO pipeline swelled in January, with listing applications tripling year on year and proceeds reaching their second highest level on record.

Chinese artificial intelligence start-up MiniMax Group raised US$711 million in January, the largest in Hong Kong and the third biggest IPO globally for the month. Photo: Shutterstock
Chinese artificial intelligence start-up MiniMax Group raised US$711 million in January, the largest in Hong Kong and the third biggest IPO globally for the month. Photo: Shutterstock
Semiconductors

Nvidia’s Jensen Huang urges TSMC to expand capacity amid AI chip crunch

Taiwan trip highlights supply chain strains, with Huang saying Nvidia alone could potentially require TSMC to more than double its capacity.

International Property

Chinese firms are scoping out overseas property. What is catching their eye?

With residential development on the wane, Chinese firms are investing in smart city, logistics and new energy projects, Knight Frank says.

Robotics

‘Optimus chain’: Chinese suppliers form backbone of Tesla’s humanoid robot plans

Tesla’s pivot to producing humanoid robots is expected to engage a network of key Chinese component makers.

videocam
8
Tesla’s Optimus humanoid robot is seen on display at a company showroom in Phoenix, Arizona. Photo: Shutterstock
Sweden

Multinationals race into China’s US$143.9 billion instant retail market

Ikea, Continental and Aldi Nord enlist local partners to launch faster, more comprehensive delivery services than they offer abroad.

Meituan delivery riders gather during a break in a commercial district in Chongqing, China, on November 21, 2025. Photo: Getty Images
Meituan delivery riders gather during a break in a commercial district in Chongqing, China, on November 21, 2025. Photo: Getty Images
Pop Mart

Labubu toymaker Pop Mart picks London as European headquarters in overseas push

CEO Wang Ning reveals firm’s latest expansion plan at Friday’s closed-door meeting with UK Prime Minister Keir Starmer.

E-commerce

China slaps US$3.7 million fine on Kuaishou for live-streaming e-commerce breach

The penalty reflects a broader regulatory crackdown on content and operations deemed undesirable or harmful on Chinese online platforms.

Semiconductors

China’s Wingtech, owner of Nexperia, expects wider loss amid row over chipmaker

Wingtech projects a loss of up to US$1.9 billion in 2025, owing to the Dutch government’s takeover of Nexperia.

Wingtech Technology continues its legal battle to regain control of Dutch chipmaker Nexperia. Photo: Shutterstock
Help preserve 120 years of quality journalism.
SUPPORT NOW