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JD.com said in a post-earnings call that investment in its food delivery operations would decline this year. Photo: Reuters
E-commerce

JD.com posts quarterly loss amid costly instant delivery battle

Profit for 2025 cut in half amid expensive fight with Alibaba and Meituan, as well as dampened consumer spending.

Two Sessions 2026

China and Hong Kong should relax biotech listing rules, venture capitalist says

Hong Kong property

Global investors revisit Hong Kong property stocks as housing recovery picks up

Artificial intelligence

Alibaba recruits Google DeepMind contributor to join Qwen AI team: sources

Zhou Hao to join as head of post-training research, sources say, as technical lead Lin Junyang departs in reshuffle.

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In recent months, Alibaba has accelerated efforts to monetise growing global adoption of its Qwen AI models. Photo: Shutterstock
In recent months, Alibaba has accelerated efforts to monetise growing global adoption of its Qwen AI models. Photo: Shutterstock
CATL

China’s EV battery leader CATL to step up use of AI in R&D: founder

Billionaire Robin Zeng Yuqun promises higher investment, touts ‘resilient supply chain and ecosystem’ driving export growth.

Made in China 2025

China biotech outlicensing tops US$52 billion in first 2 months

The latest deals are Sino Biopharmaceutical’s partnership with France’s Sanofi and Antengene’s agreement with Belgium’s UCB.

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Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
Two Sessions 2026

Healthcare investors looking to ‘two sessions’ for clarity on drug pricing

Healthcare and insurance sectors will see policy fine-tuning, ‘moral support’ rather than ‘groundbreaking news’ from Beijing, analysts say.

Taiwan

US investors now own 23% of Taiwan’s equity market amid AI boom

US investors currently hold about 23 per cent of the Taiwan Stock Exchange’s total market capitalisation.

IPO

HSBC chairman floats ‘IPO connect’ for Hong Kong, Shenzhen listings

Modelled on Stock Connect, the proposal would give investors in the Greater Bay Area cross-border access to new share listings.

Bull statues are seen in front of the Shenzhen Stock Exchange on November 17, 2024. Photo: Getty Images
Artificial intelligence

AI-aided US strikes in Iran to intensify China tech self-reliance push: analysts

AI’s militarisation adds momentum to China’s drive for domestic chips and infrastructure, analysts say.

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The US reportedly deployed Anthropic’s systems in the Iran campaign, including for intelligence assessments, target identification and battle scenario simulations. Photo: AFP
The US reportedly deployed Anthropic’s systems in the Iran campaign, including for intelligence assessments, target identification and battle scenario simulations. Photo: AFP
Middle East

Iran war disrupts Chinese tech firms’ Middle East operations

Baidu, WeRide and Meituan among companies halting operations or instituting remote work, as some Chinese nationals seek to escape region.

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Electric & new energy vehicles

China should skip a step in self-driving cars, Xpeng CEO says

He Xiaopeng urges Beijing to clear way for a leap ahead in autonomous driving technology – a jump he promises to propose at the ‘two sessions’.

Artificial intelligence

Hong Kong-listed AI firm MiniMax’s revenue jumps 159% on strong demand

Shanghai-based company predicts revenue will double this year, based on strong user growth for its M2.5 model.

MiniMax looks to capitalise on exploding interest in agentic AI products this year. Photo: Shutterstock
Family offices

Hong Kong to expand tax waivers for family offices, pension fund investment

The government will submit a bill by June to add more tax-exempt products and funds, including gold and digital assets, a minister says.

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu. Photo: Dickson Lee
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu. Photo: Dickson Lee
Two Sessions 2026

Chinese officials, car executives may discuss capping EV output

As China’s EV industry faces slowing growth, officials may discuss capping output and boosting tech innovation to combat price wars.

Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

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Artificial intelligence

China’s Honor debuts robot phone and humanoid companion in push into AI hardware

Robot phone – featuring motorised arm that tracks motion and interacts with users through camera movement – unveiled ahead of MWC Barcelona.

Honor gives a preview of its robot phone, which features a fold-out gimbal-attached camera, ahead of MWC Barcelona. Photo: Handout
Honor gives a preview of its robot phone, which features a fold-out gimbal-attached camera, ahead of MWC Barcelona. Photo: Handout
Smartphones

China’s Xiaomi steps up global push with flagship smartphone 17 series launch

The launch ahead of MWC Barcelona showcases Xiaomi’s push into premium market with new phones, tablet, smartwatch and concept hypercar.

Retailing

Warm winter no match: China’s sportswear sector posts surprise growth

Policy support, Chinese New Year demand and Winter Olympics exposure lift China’s sportswear makers, with Li Ning and Anta leading gains.

Xi Jinping's anti-corruption campaign

Chairman of China’s second-largest liquor producer under corruption probe

Wuliangye Yibin’s Zeng Congqin is the latest high-profile figure targeted as Beijing’s anti-corruption drive intensifies in liquor sector.

Zeng Congqin is suspected of serious violations of party discipline and law Photo: Handout
Made in China 2025

Hong Kong-listed Chinese drug firms set to turn corner on rising sales, deals

Chinese pharmaceutical firms are poised for profit growth, driven by innovative drug sales and licensing deals, despite pricing pressures.

Pills are produced and packed at Modern Pharmaceutical’s factory. Photo: Shutterstock
Pills are produced and packed at Modern Pharmaceutical’s factory. Photo: Shutterstock
Hong Kong property

Hong Kong’s small landlords turn to co-working, student hostels to survive

With record office supply and tenants flocking to premium towers, landlords convert assets to co-working and student digs to survive.

Hong Kong stock market

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Autonomous vehicles

Breakthrough or hype? How WeRide aims to edge rivals in crowded robotaxi field

WeRide says its world model has slashed costs to support global expansion, but investors question if it can deliver a lasting advantage.

A simulated environment created by WeRide’s world model Genesis. Photo: Handout
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