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AutoFlight describes eVTOL aircraft Matrix as the largest of its kind in the world. Photo: Handout
Electric & new energy vehicles

AutoFlight unveils world’s largest flying car as China races to lead the skies

CATL-backed AutoFlight debuts Matrix, targeting global expansion, as Beijing moves to set standards for domestic eVTOL makers and operators.

Hong Kong property

How 2 landmark Central deals boost sentiment in Hong Kong’s office market

China’s private sector

China’s Year of the Horse shoppers let emotional satisfaction take the reins

Consumers

How Chinese consumers’ changing demands are keeping KFC’s owner on its toes

Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.

Yum China CEO Joey Wat speaks during the company’s 2025 Investor Conference in Shenzhen. Photo: Handout
Yum China CEO Joey Wat speaks during the company’s 2025 Investor Conference in Shenzhen. Photo: Handout
China’s private sector

How Western brands are adapting to China’s changing consumer landscape

Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.

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Electric & new energy vehicles

Tesla launches China AI training centre as self-driving race accelerates

US EV giant opens hub to advance its Full Self-Driving software, as Chinese carmakers step up their own L3 autonomous driving plans.

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Artificial intelligence

China fines firms for fake ChatGPT and DeepSeek services

The two cases are among five examples made public by SAMR as it steps up efforts to fight unfair competition in China’s AI industry.

Several companies have been fined for posing as DeepSeek and OpenAI’s ChatGPT. Photo: EPA
Several companies have been fined for posing as DeepSeek and OpenAI’s ChatGPT. Photo: EPA
Artificial intelligence

Sweet surge: Qwen overtakes Yuanbao after Alibaba’s bubble tea campaign

More than 10 million free orders put Alibaba’s AI app in the spotlight amid a high-stakes battle for Spring Festival attention.

Hong Kong property

Kowloon East site attracts nine bids as Hong Kong housing outlook brightens

Hong Kong developers show stronger interest in land sales as home prices rebound and sentiment improves.

Made in China 2025

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners.

A view of the Shanghai facility of Fosun Pharma’s biopharma unit Henlius. Photo: Handout
Solar energy

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

Musk’s pursuit of space-based data centres has drawn attention to China’s solar industry, sparking market rallies – and calls for caution.

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Discussions between SpaceX and China’s solar suppliers underscore the competitiveness of the country’s solar sector, analysts say. Photo: Reuters
Discussions between SpaceX and China’s solar suppliers underscore the competitiveness of the country’s solar sector, analysts say. Photo: Reuters
Pizza Hut

Pizza shut: iconic chain to close 250 US locations

Yum! Brands targets underperforming restaurants as it conducts a strategic review for Pizza Hut.

Electric & new energy vehicles

Why CATL’s sodium-ion breakthrough could be a game changer for China’s EV market

The Naxtra battery, more price-stable and cold-resistant than the lithium-ion units now powering most EVs, will undergo its first tests this week.

Consumers

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

A couple walks out of a KFC restaurant in an urban shopping district on February 22, 2025, in the southwestern Chinese city of Chongqing. Photo: Getty Images
IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Electric & new energy vehicles

China’s turbocharged EV market hits a speed bump amid falling sales

After years at full throttle, China’s EV sector is slowing sharply, with sales sliding in January as tax breaks fade and costs rise.

Tencent

Tencent’s giveaway campaign for AI chatbot Yuanbao blocked – by WeChat

Units clash as super app blocks links from AI chatbot’s US$144 million promotion for ‘impacting user experience and causing harassment’.

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Artificial intelligence

Chinese AI firms defend safety practices, push back on Western criticism

Chinese developers stress cultural context in AI safety, as domestic models narrow the gap with their US rivals to the closest level yet.

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Concerns about the risks of Chinese AI models held back some global users from adopting them, with DeepSeek banned or restricted in more than 10 countries. Photo: Shutterstock
Concerns about the risks of Chinese AI models held back some global users from adopting them, with DeepSeek banned or restricted in more than 10 countries. Photo: Shutterstock
Hong Kong property

Hong Kong developer SHKP’s executive director resigns on health grounds

The city’s largest developer says it is looking into news reports related to Maureen Fung and ‘will follow up as may be appropriate’.

Semiconductors

Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

Several suppliers aim to follow in the footsteps of Montage Technology, which is set to raise US$896 million and debuts next week.

Fintech

HKMA launches quantum readiness and cybersecurity projects for banks in AI era

Banking regulator sets fintech road map with quantum index and measures to boost security, data quality and skills.

“Computing equals productivity, but we can’t sacrifice security while making innovations,” says Arthur Yuen of the HKMA. Photo: Eugene Lee
Artificial intelligence

Funding surge powers Chinese robotics firms as focus shifts to humanoid ‘brains’

State-backed funds, Big Tech drive fresh capital into robotics companies, betting on operating systems that underpin humanoid intelligence.

A humanoid robot at the Beijng World of Robots. A new wave of firms is emerging with capital directed towards robotic software and operating systems. Photo: Xinhua
A humanoid robot at the Beijng World of Robots. A new wave of firms is emerging with capital directed towards robotic software and operating systems. Photo: Xinhua
China airliners

How a regulatory change could help China’s C919 jet take on Airbus and Boeing

Chinese regulators have opened the door to letting the C919 use narrow runways, which could boost the plane’s prospects in Southeast Asia.

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Artificial intelligence

Compact AI model from China’s StepFun outshines rivals from DeepSeek, Moonshot

StepFun says its lightweight model Step 3.5 Flash aims to redefine efficiency and reasoning in China’s growing AI race.

Macau

Uber enters first Asian market in years with Macau relaunch

Riders can hail taxis in the gambling hub, or reserve limo service to and from Hong Kong, via the Uber app from Tuesday.

A view of the Macau peninsula from Macau Tower on December 19, 2024. Photo: Eugene Lee
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