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China Business
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China economy
Smartphones
Xiaomi’s 17 Ultra, backed by Leica, challenges Apple’s iPhone Pro Max in imaging
The 17 Ultra’s US$998 starting price is nearly 8 per cent higher than the previous generation owing to the soaring cost of memory chips.
25 Dec 2025 - 11:14PM
Mergers & Acquisitions
Mercedes-Benz buys US$191 million stake in Chinese autonomous driving developer
25 Dec 2025 - 9:00PM
China stock market
UBTech’s US$237 million Fenglong deal tightens humanoid robot supply chain
25 Dec 2025 - 8:00PM
Electric & new energy vehicles
CATL poised to bring Yichun lithium output back online after licence lapse
With battery costs again under the spotlight, regulators are set to green light CATL’s restart of the Yichun mine in eastern China.
25 Dec 2025 - 4:04PM
A restart of the Yichun lithium mine could strengthen CATL’s output capacity at a time when carmakers are pushing suppliers to cut costs. Photo: AFP
Electric & new energy vehicles
Chinese SUV maker Jetour pushes localised offerings to hasten go-global drive
Jetour is already present in more than 100 countries and regions after seven years in operation.
25 Dec 2025 - 3:00PM
Artificial intelligence
China’s AI toy boom: Huawei, JD.com, UBTech make big push into growing sector
China’s AI toy sector is forecast to expand to US$12 billion by 2030, up from US$3.5 billion this year.
25 Dec 2025 - 11:00AM
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China stock market
China stocks recover from early losses on cautious PBOC policy tone
Mainland stocks closed higher after paring earlier losses as investors read the central bank’s latest messaging as supportive but restrained.
25 Dec 2025 - 4:15PM
This photo shows a general view of screens diplaying financial market movements at the new building of the Shanghai Stock Exchange in Shanghai on April 25, 2025. (Photo by Hector RETAMAL / AFP)
Semiconductors
Chinese AI champion iFlytek forms new entity to expand into semiconductor design
Shandong Yixun Information Technology’s scope of operations includes integrated circuit design and other AI-related fields.
24 Dec 2025 - 10:00PM
Artificial intelligence
ByteDance, other major Chinese tech firms lead local consumer AI market: report
ByteDance-owned Doubao remains the country’s top consumer AI app, as DeepSeek’s namesake chatbot takes the No 2 spot.
24 Dec 2025 - 8:31PM
China property
China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million
Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.
24 Dec 2025 - 5:11PM
China stock market
China’s Deep Robotics joins IPO rush as embodied intelligence sector heats up
The Hangzhou robot maker has entered the IPO ‘guidance’ phase, becoming the latest embodied intelligence start-up to eye an A-share listing.
24 Dec 2025 - 4:09PM
In dogged pursuit: Deep Robotics is the second embodied intelligence company after Unitree to begin A-share IPO guidance, as Chinese tech firms accelerate fundraising plans onshore and in Hong Kong. Photo: Xinhua
Energy
Shenhua absorbs coal assets as it looks to the future in a decarbonising China
The deal to acquire US$18.9 billion of assets is meant to reduce excessive competition and enhance efficiency among state-owned enterprises.
24 Dec 2025 - 2:00PM
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Retailing
‘C-beauty’ cosmetics brands find retail expansion outside China a slow slog
‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.
24 Dec 2025 - 11:30AM
Hong Kong stock market
Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth
Investors shrug off weaker US Federal Reserve easing hopes and bet on resilient corporate profits into 2026.
24 Dec 2025 - 3:48PM
China stock market
Chinese ETFs investing in US stocks cap subscriptions as they run out of quotas
GF Fund and E Fund have capped daily subscriptions at 10 yuan, while China Asset Management has stopped accepting new subscriptions.
24 Dec 2025 - 8:30AM
Chinese investors are turning to US stocks through ETFs. Photo: Reuters
Robotics
China’s AgiBot aims for US$142 million revenue as humanoid robots gain momentum
Fast-growing robotics start-up expects to ship out 5,000 units in 2025 amid Beijing backing of the embodied intelligence industry.
24 Dec 2025 - 7:00AM
Electric & new energy vehicles
Luxury EV built with Huawei tops Porsche’s Panamera and BMW’s 7 Series in China
Chinese carmakers gain confidence in the premium segment as Maextro S800 – developed by Huawei and JAC Group – tops sales above US$100,000.
23 Dec 2025 - 8:45PM
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Artificial intelligence
China’s Zhipu and MiniMax release latest AI models ahead of Hong Kong listing
The near-simultaneous release on Monday underscores the two firms’ efforts to drum up interest for their respective Hong Kong IPOs.
23 Dec 2025 - 8:00PM
Zhipu AI, known internationally as Z.ai, says its new GLM-4.7 model features improved coding abilities. Photo: Shutterstock
Cybersecurity
China’s Kuaishou hit by breach as explicit content floods live-streaming rooms
Short-video platform’s services are thrown into chaos on Monday night after the cyberattack it blames on ‘black and grey industries’.
24 Dec 2025 - 8:38AM
Semiconductors
Nvidia aims to start H200 AI chip shipments to China by mid-February: sources
The US chip designer plans to fulfil initial orders from existing stock, with shipments expected to total 40,000 to 80,000 H200 chips.
23 Dec 2025 - 4:33PM
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Hong Kong property
Hong Kong luxury flat sells for US$28.9 million in latest high-end property deal
The Mont Verra flat has four rooms with a total saleable area of 4,332 sq ft, translating to a price of HK$51,939 per square foot.
23 Dec 2025 - 4:30PM
Banking & finance
Billionaire detained in shadow banking scandal in China
Police in Zhejiang have imposed ‘criminal compulsory measures’ against Yu Faxiang and are conducting a probe into his alleged wrongdoings.
24 Dec 2025 - 12:06PM
A 12-metre-tall sculpture of Ultraman Zero stands at an Ultraman-themed venue inside Shanghai Haichang Ocean Park in Shanghai in July 2022. Photo: Getty Images
Hong Kong stock market
Hong Kong stocks reverse gains as investors take profits before Christmas break
Losses in tech heavyweights like Kuaishou, Tencent and Xiaomi pull Hang Seng Index lower after advancing in the morning session.
23 Dec 2025 - 5:03PM
Banking & finance
Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG
Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.
23 Dec 2025 - 9:30AM
China property
China Vanke wins bondholders’ reprieve, averts default for now
Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.
23 Dec 2025 - 9:28AM
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