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Waldorf Astoria Shanghai Qiantan by Hilton. Photo: Handout
China travel

China’s hotel sector shines, poised to outperform through 2026 on strong demand

International hotel chains ride China’s travel rebound, posting gains as domestic demand and inbound flows strengthen.

Electric & new energy vehicles

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

Hong Kong property

Chow Tai Fook turns from tenant to owner with Hong Kong school property deal

Hong Kong stock market

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet.

New World Development’s huge 11 Skies project has yet to fully open. Photo: SCMP
New World Development’s huge 11 Skies project has yet to fully open. Photo: SCMP
Electric & new energy vehicles

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts.

Alibaba

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

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Tencent

AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth

CEO Pony Ma told shareholders there was the beginning of a turnaround, but that the company was ‘not yet seated’.

People walk in front of the Tencent headquarters building in Shenzhen. Photo: EPA
People walk in front of the Tencent headquarters building in Shenzhen. Photo: EPA
Alibaba

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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Electric & new energy vehicles

Tesla lures budget-conscious Chinese buyers ahead of state visit by Trump

US President Donald Trump’s entourage for his three-day trip to China includes Tesla CEO Elon Musk and Tim Cook of Apple.

Hong Kong property

Hong Kong’s first biodiversity loan goes to Henderson Land for Central Yards

Loan from HSBC and Hang Seng Bank, reportedly worth US$12.8 million, enhances city’s stature in sustainable finance, parties say.

Henderson Land paid a record-setting sum of about US$6.5 billion for a 50-year land grant to the Central Yards site in 2021. Photo: Handout
Artificial intelligence

How ByteDance plans to turn OpenClaw craze into a profitable AI business

ArkClaw’s subscription model and surging token demand mark ByteDance’s new approach to agent economics.

The logo of OpenClaw, an open-source AI assistant. Photo: Reuters
The logo of OpenClaw, an open-source AI assistant. Photo: Reuters
Banking & finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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Mainland China

Pop Mart’s quarterly revenue surges but tepid fan growth overseas dims outlook

In the first three months, revenue in China alone surged 100 to 105 per cent, while growth was 25 to 30 per cent in Asia-Pacific.

China’s private sector

China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS

Company’s shares jump in Hong Kong and Shenzhen after tie-up that bolsters China’s growing drug innovation profile.

A worker checks a feeding tray at the Hengrui Biomedical Industrial Park in Lianyungang, east China’s Jiangsu province. Photo: Getty Images
Semiconductors

SMIC founder warns against ‘blind pursuit’ of cutting-edge nodes

Richard Chang’s rare public remarks highlight importance of mature chips to China’s supply chain security.

An industry veteran has stressed the value of investing in mature nodes and specialty processes, which account for more than 80 per cent of global semiconductor demand. Photo: AFP
An industry veteran has stressed the value of investing in mature nodes and specialty processes, which account for more than 80 per cent of global semiconductor demand. Photo: AFP
Banking & finance

Investors bet CK Hutchison is exiting a mature sector at right time – once again

Disposal of VodafoneThree adds to Li family’s record of cycle-savvy moves, with investors weighing where war chest will flow next.

China property

China’s bond market faces climbing re-defaults as property crisis drags on

Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.

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Semiconductors

Huawei’s chip research gains attention ahead of Trump visit to China

Tech giant’s advances in AI and semiconductors reflect Beijing’s push for tech breakthroughs and self-sufficiency amid US sanctions.

Huawei’s chip progress is being closely watched for signs of China’s ability to overcome Western export restrictions. Photo: Shutterstock
Huawei’s chip progress is being closely watched for signs of China’s ability to overcome Western export restrictions. Photo: Shutterstock
Electric & new energy vehicles

Chinese smart cars set to control 20% of western European market by 2028: JPMorgan

Amid surging demand for electrification and a worldwide energy crisis, domestic carmakers can benefit from the stepped-up ‘go-global’ drive.

Electric & new energy vehicles

Tech and pricing edge behind China’s SUV surge against BMW, Mercedes and Audi

Chinese SUVs storm the premium segment with fresh momentum, giving German marques their toughest test in years.

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Artificial intelligence

Alibaba brings chat-style shopping to Taobao, Qwen amid AI gateway push: source

E-commerce giant is integrating Qwen with Taobao and Tmall, enabling shoppers to use natural-language commands instead of keyword searches.

A Taobao and Tmall installation at the Alibaba offices in Beijing. Photo: AFP
Mainland China

KFC, McDonald’s drive-throughs in China get EV charging, upgraded smart systems

KFC now operates over 7,000 drive-through restaurants nationwide, including kerbside pickups, according to Yum China.

A KFC restaurant in Shanghai, January 22, 2026. Photo: CFOTO/Future Publishing via Getty Images
A KFC restaurant in Shanghai, January 22, 2026. Photo: CFOTO/Future Publishing via Getty Images
Hong Kong property

Is Hong Kong’s cultural hub of West Kowloon emerging as ‘Central 2.0’?

SHKP to benefit as tenants including UBS, JPMorgan Chase and Banco Santander set to move into new office space near high-speed rail station.

Hong Kong property

Hong Kong home market maintains upwards momentum as new flats snapped up

All 154 units at the Lime Spark project sold out as of 4.30pm, while 93 per cent of 158 flats available at Highwood Phase 2 found buyers.

Electric & new energy vehicles

Chinese EV maker Leapmotor taps Stellantis’ Spanish plant for EU production

Hangzhou carmaker’s overseas strategy highlights how Chinese brands are leveraging idle plants to scale globally while easing trade barriers.

A Leapmotor Lafa5 Ultra is on display at the Beijing Auto Show on April 24. Photo: AFP
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