The EV maker has unveiled a new version of its plug-in hybrid technology that it hopes will encourage more widespread adoption of electric cars in China, ratcheting up pressure on traditional carmakers like VW and General Motors.
The Hong Kong Green Building Council and Beam Society have launched a global certification to promote sustainable construction, as practitioners seek opportunities overseas and look to strengthen the city’s green credentials.
Amid high compliance costs, the SFC’s notice that crypto exchanges should not serve mainland investors is prompting some firms to leave the city.
China aims to establish a national standard for corporate sustainability disclosure by 2030 as part of efforts to improve economic sustainability, tackle climate change and catch up with its global peers when it comes to environmental, social and governance reporting.
Investors are growing increasingly positive on China’s long-term growth prospects but are ‘underinvested’ in the world’s second-largest economy, HKEX CEO Bonnie Chan says.
Richard Liu lashes out at employees as the Chinese e-commerce giant tries to run a tighter ship amid rising competition and a weak economy.
The company, one of China’s largest private-sector conglomerates, aims to cut its debts by 10 billion yuan (US$1.38 billion) annually in the next two to three years.
China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid in 2017, as the beleaguered property developer strives to pay down its mountain of debt.
Shares of the parent of Temu and Pinduoduo are being held back by geopolitical risks and fierce competition in China’s e-commerce sector.
Hotels in mainland China will need to raise their performance and returns to succeed as real estate investment trusts, according to JLL. A 4 per cent annual return will be favoured by regulators and investors.
The Series B round comes less than a year after xAI’s debut and marks one of the bigger investments in the field.
Company jointly owned by China Merchants Group, Citic Capital and Fountainvest Partners has approached a number of potential buyers, sources say.
Meituan, Tencent, NetEase and PDD Holdings are potential candidates to sell convertibles, according to UOB Kay Hian analyst Julia Pan.
The English footballer will be featured in AliExpress commercials during the European Football Championship, which kicks off in mid-June.
CiDi, which makes autonomous vehicles for use in mining and construction, is in talks to set up a long-term presence in Saudi Arabia as the kingdom invests heavily in infrastructure, executives say.
AIA Group, Asia’s largest insurer, is picking an opportune time to look for office buildings in mainland China to house its operations. A two-year slump in the property market has rendered these assets ‘affordable.’
Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered ‘fully’ credible, less than the regional average.
The largest US semiconductor equipment maker is being probed by authorities for sending gear to SMIC via South Korea without Washington’s approval.
Alibaba has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence start-ups, holding a 36 per cent stake in the firm.
In Southeast Asia, Chinese EV builders from established giants like BYD and Great Wall to start-ups such as Hozon are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate the market.
The start-up, a rival to ChatGPT creator OpenAI, has been marketed to a range of Silicon Valley investors.