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Harbour BioMed’s antibody programme focuses on tumour-killing effects. Photo: Handout
China’s private sector

Wave of Chinese biotech deals builds with US$1.2 billion Harbour BioMed pact

Deal involving an antibody asset ‘goes beyond a traditional licensing transaction’, founder and CEO says.

Electric & new energy vehicles

China’s EV insurers move towards profitability on higher premiums, AI adoption

Hong Kong property

Hong Kong home sales head for 22-year high as developers test price resilience

Made in China 2025

After boost from viral dance challenge, Chinese medicine firm’s shares languish

Slumping profits at Shandong Xinhua Pharmaceutical have dragged the shares to about HK$7 in December 2025 from HK$15.62 in December 2022.

The combined daily production capacity of ibuprofen and paracetamol in China surged fourfold to 202 million tablets by late December 2022. Photo: Shutterstock
The combined daily production capacity of ibuprofen and paracetamol in China surged fourfold to 202 million tablets by late December 2022. Photo: Shutterstock
Banking & finance

Hong Kong, UAE solidify financial links with regulatory ties, digital currency

Transaction volume under Project mBridge surged over 2,500-fold from the early 2022 pilot levels to more than US$55 billion by November 2025.

Artificial intelligence

China’s tech giants pursue AI, semiconductor talent in US amid fierce rivalry

ByteDance, Baidu, Alibaba Cloud and MiniMax are among the firms now actively recruiting fresh talent in the US.

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Banking & finance

HK$10,000 bonus, extra day off: Hong Kong banks reward staff returning to work

Bank of China (Hong Kong) is giving away hampers, ZA Bank is paying a HK$10,000 bonus, while HSBC and Hang Seng are offering HK$500.

Banks in Hong Kong are offering generous return-to-work lai see packets and gifts to their employees. Photo: Jelly Tse
Banks in Hong Kong are offering generous return-to-work lai see packets and gifts to their employees. Photo: Jelly Tse
China’s private sector

Lab monkey price tag climbs to US$20,000 thanks to China’s biotech boom

The cost of a single monkey exceeds the average annual salary in China and approaches a pandemic-era spike amid growth in drug licensing deals.

Artificial intelligence

Colour matters: how AI is changing car premiums and services in China

Car colour, driving habits and location influence insurance premiums, according to a digital solutions provider using ByteDance’s AI model.

China economy

Budweiser and Heineken face polar opposite fates in China as punters stay home

Beer drinkers in China are veering away from bars and high-end restaurants, instead opting for cheaper stay-at-home options, analysts say.

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Heineken beers are becoming a popular choice for stay-at-home drinkers in China, according to the end of year sales results. China was one of the top three contributors to Heineken’s net profit in 2025. Photo: Reuters
Electric & new energy vehicles

Ford plans US$30,000 budget EV line to take on Chinese rivals

Ford shrinks battery size while extending driving range in bid to launch the new EV by 2027 for the same price as a conventional petrol car.

Ford CEO Jim Farley has called Chinese competition an “existential threat”. Photo: AP
Ford CEO Jim Farley has called Chinese competition an “existential threat”. Photo: AP
China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

Semiconductors

China’s tech self-sufficiency progress evident in these 2 companies

GigaDevice and Montage carve a niche in the semiconductor sector, with the global memory supercycle boosting their fortunes further.

Hong Kong stock market

Chow Tai Fook-linked firms set for record US$192 million hit in Giordano case

Hong Kong watchdog says share dealings dating back to 2016 triggered a mandatory offer obligation.

The logo of the Securities and Futures Commission (SFC) is seen at its office in Quarry Bay. Photo: Yik Yeung-man
Hong Kong property

Kerry Properties secures Hong Kong’s latest residential plot for US$177 million

Kerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district.

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View of the former Shau Kei Wan Market at Shau Kei Wan Main Street East. Kerry Properties won the tender for the residential site on Monday. Photo: Edmond So
View of the former Shau Kei Wan Market at Shau Kei Wan Main Street East. Kerry Properties won the tender for the residential site on Monday. Photo: Edmond So
Banking & finance

Can Hong Kong’s MPF members repeat record gains in Year of the Horse?

Volatility looms in the Year of the Horse, analysts forecast, after the Year of the Snake delivered estimated earnings of US$32 billion.

Artificial intelligence

Humanoids go mainstream as China’s robotics champions appear at CCTV spectacle

ByteDance, Unitree, RedNote, Bilibili and Kuaishou among the firms involved in the unparalleled nationwide marketing opportunity.

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Artificial intelligence

ByteDance ‘strengthening safeguards’ after Seedance AI video controversy

Pledge comes after Hollywood, governments speak out against tool amid deluge of video clips featuring celebrities, copyrighted characters.

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Characters from Star Wars, a Disney property, are among the copyrighted material the Seedance tool can purportedly produce. Photo: Reuters
Characters from Star Wars, a Disney property, are among the copyrighted material the Seedance tool can purportedly produce. Photo: Reuters
Hong Kong stock market

Why a 2,000-fold pay gap for Hong Kong board members may be a troubling sign

Far wider disparity than other markets may indicate talent issues on the low end, lack of independence on the high end, lawmaker says.

Pop Mart

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

As Labubu’s meteoric rise cools, Molly’s longevity highlights the challenge Pop Mart faces in turning hype into stable intellectual property.

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Meituan

Meituan warns of US$3.5 billion loss amid intense food delivery price war

Food delivery giant expects losses to continue into at least the first quarter of 2026 ‘due to ongoing competition’.

A Meituan drone for food delivery takes off from a drone delivery camp near Shenzhen Bay Park. Photo: VCG/VCG via Getty Images
China’s crackdowns

China charges former AstraZeneca executive – a sign of the times?

Foreign drug makers face pressure in the Chinese market, from tighter regulatory oversight to growing local competition.

In January, AstraZeneca announced plans to invest US$15 billion in China, its second-largest market. Photo: Shutterstock
In January, AstraZeneca announced plans to invest US$15 billion in China, its second-largest market. Photo: Shutterstock
Hong Kong property

Prince Jewellery director sells upscale Hong Kong flat, upgrades to duplex

Tang Yick-ki swaps his 1,019 sq ft flat in The Cullinan for a 1,593 sq ft duplex in The Waterfront.

Germany

Mercedes to accelerate localisation as China revenue slump hits 2025 profits

Despite a weak outlook, the company unveils a strategy to further localise production in China, introduce AI-based upgrades and launch new models.

Electric & new energy vehicles

Chinese cars now can’t be sold for less than it costs to make them

Regulator bans tactics that result in a net loss per vehicle after a 7 per cent drop in the average car price.

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Cars are lined up for inspection at carmaker Great Wall Motor’s plant in Baoding, in northern China’s Hebei province, on November 24, 2025. Photo: Reuters
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