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China economy
Shanghai-based Nio is the only mainland carmaker that builds swap-ready EVs. Photo: Facebook/Nio
Electric & new energy vehicles

Chinese EV maker Nio raises US$2.6 billion bet on battery swapping

Company touts 100 million swaps, but fast-charging batteries are eating into the technology’s speed advantage, analyst says.

Hong Kong stock market

Nikkei smashes record as Takaichi’s landslide victory ignites ‘Japan is back’ trade

Mergers & Acquisitions

M&A market ‘firing on all cylinders’, headed for record year: Citigroup

Bonds

Hong Kong firms rush to issue convertibles – and trend could continue: bankers

Issuers raised US$7.4 billion in convertibles in early 2026, nearly half of last year’s total, as they rushed to lock in high share prices.

The number of companies rushing to issue convertible bonds is growing even as the Lunar New Year approaches, according to market players. Photo: Getty Images
The number of companies rushing to issue convertible bonds is growing even as the Lunar New Year approaches, according to market players. Photo: Getty Images
Hong Kong stock market

Hong Kong stocks start week strong as Japan election helps sentiment

The Japan election results clear the way for more fiscal stimulus, reinforcing a bullish outlook for stocks.

Electric & new energy vehicles

AutoFlight unveils world’s largest flying car as China races to lead the skies

CATL-backed AutoFlight debuts Matrix, targeting global expansion, as Beijing moves to set standards for domestic eVTOL makers and operators.

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China’s private sector

China’s Year of the Horse shoppers let emotional satisfaction take the reins

Brand prestige fades in importance as consumers favour festival-themed toys, playful designs and pet items.

Pop Mart sold out of its Have a Good Run series. Photo: Handout
Pop Mart sold out of its Have a Good Run series. Photo: Handout
Consumers

How Chinese consumers’ changing demands are keeping KFC’s owner on its toes

Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.

China’s private sector

How Western brands are adapting to China’s changing consumer landscape

Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.

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Electric & new energy vehicles

Tesla launches China AI training centre as self-driving race accelerates

US EV giant opens hub to advance its Full Self-Driving software, as Chinese carmakers step up their own L3 autonomous driving plans.

The AI training centre’s launch marks a significant step towards commercialising Tesla’s Full Self-Driving navigation software in mainland China. Photo: Reuters
Artificial intelligence

China fines firms for fake ChatGPT and DeepSeek services

The two cases are among five examples made public by SAMR as it steps up efforts to fight unfair competition in China’s AI industry.

Several companies have been fined for posing as DeepSeek and OpenAI’s ChatGPT. Photo: EPA
Several companies have been fined for posing as DeepSeek and OpenAI’s ChatGPT. Photo: EPA
Artificial intelligence

Sweet surge: Qwen overtakes Yuanbao after Alibaba’s bubble tea campaign

More than 10 million free orders put Alibaba’s AI app in the spotlight amid a high-stakes battle for Spring Festival attention.

Hong Kong stock market

Tech sell-off rattles investors with cross-asset volatility set to linger

Markets swing sharply across asset classes as AI forces a rethink of pricing power and long-term growth bets.

Made in China 2025

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners.

A view of the Shanghai facility of Fosun Pharma’s biopharma unit Henlius. Photo: Handout
Hong Kong stock market

Hong Kong stocks drop as mainland tech firms, metals and crypto slide

Hang Seng Index follows US declines as AI worries and falling prices for gold, silver and cryptocurrency rattle investors.

A view of Exchange Square, home of bourse operator Hong Kong Exchanges and Clearing, on December 30, 2025. Photo: Sun Yeung
A view of Exchange Square, home of bourse operator Hong Kong Exchanges and Clearing, on December 30, 2025. Photo: Sun Yeung
IPO

China’s biggest pork producer Muyuan flat in Hong Kong share debut

Firm’s US$1.4 billion IPO records lower oversubscription rate than other recent listings, reflecting a cooling of the red-hot market.

Solar energy

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

Musk’s pursuit of space-based data centres has drawn attention to China’s solar industry, sparking market rallies – and calls for caution.

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Electric & new energy vehicles

Why CATL’s sodium-ion breakthrough could be a game changer for China’s EV market

The Naxtra battery, more price-stable and cold-resistant than the lithium-ion units now powering most EVs, will undergo its first tests this week.

CATL’s new Naxtra battery will be installed in China Changan Automobile Group EVs this week for winter testing in the Inner Mongolia autonomous region. Photo: Weibo
CATL’s new Naxtra battery will be installed in China Changan Automobile Group EVs this week for winter testing in the Inner Mongolia autonomous region. Photo: Weibo
Consumers

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

Hong Kong stock market

Hong Kong stocks eke out gain as mainland investors overpower tech jitters

Southbound Stock Connect inflows provide late-session support, helping the benchmark reverse earlier losses.

IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Electric & new energy vehicles

China’s turbocharged EV market hits a speed bump amid falling sales

After years at full throttle, China’s EV sector is slowing sharply, with sales sliding in January as tax breaks fade and costs rise.

China’s roughly 50 electric carmakers sold about 900,000 vehicles last month, down 42.3 per cent from 1.56 million units in December. Photo: Xinhua
China’s roughly 50 electric carmakers sold about 900,000 vehicles last month, down 42.3 per cent from 1.56 million units in December. Photo: Xinhua
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

Chinese developers stress cultural context in AI safety, as domestic models narrow the gap with their US rivals to the closest level yet.

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Electric & new energy vehicles

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

Low interest rates and seven-year payback periods replace price discounts while EV sales drop and materials costs rise.

A potential buyer discusses a Tesla YL with a staff member in a showroom in Beijing on February 3, 2026. Photo: AFP
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