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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
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.

Consumers

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

Hong Kong stock market

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

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
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.

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’.

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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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Concerns about the risks of Chinese AI models held back some global users from adopting them, with DeepSeek banned or restricted in more than 10 countries. Photo: Shutterstock
Concerns about the risks of Chinese AI models held back some global users from adopting them, with DeepSeek banned or restricted in more than 10 countries. Photo: Shutterstock
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.

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.

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.

Montage Technology expects to raise as much as US$896 million from its Hong Kong initial public offering. Photo: Handout
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.

A humanoid robot at the Beijng World of Robots. A new wave of firms is emerging with capital directed towards robotic software and operating systems. Photo: Xinhua
A humanoid robot at the Beijng World of Robots. A new wave of firms is emerging with capital directed towards robotic software and operating systems. Photo: Xinhua
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.

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.

Eastroc’s IPO attracted 16 cornerstone investors, who subscribed to about 49 per cent of the offer. Photo: Handout
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
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.

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.

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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.

Alibaba’s Spring Festival campaign will be launched across its ecosystem that includes shopping platform Taobao and on-demand retail and food-delivery service Shangou. Photo: Simon Song
Alibaba’s Spring Festival campaign will be launched across its ecosystem that includes shopping platform Taobao and on-demand retail and food-delivery service Shangou. Photo: Simon Song
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.

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.

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.

A mobile phone’s screen shows the logo of China’s Zhipu AI in Beijing on January 21, 2026. Photo: AFP
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.

China Telecom’s booth is seen at the Mobile World Congress trade show in Barcelona on March 3, 2025. Photo: Shutterstock
China Telecom’s booth is seen at the Mobile World Congress trade show in Barcelona on March 3, 2025. Photo: Shutterstock
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.

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.

Smart city investments in the Middle East are one of the key targets of expanding Chinese companies. Photo: Getty Images
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