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CATL’s advanced battery module technology is displayed at the Auto China show in Beijing that ended on May 3. Photo: China News Service/VCG via Getty Images
Electric & new energy vehicles

China’s EV battery giants thrive while carmakers’ profits shrink amid price wars

Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.

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Hong Kong property

What does an improved Hong Kong property outlook mean for land sales?

Banking & finance

CK Hutchison’s VodafoneThree exit sparks dividend speculation

Electric & new energy vehicles

From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets

BYD, Geely and Xpeng showcase eye-catching EVs at Beijing auto show as they build momentum in Europe and target more discerning buyers.

A humanoid robot poses at a BYD booth beside an electric vehicle at the Beijing auto show. Photo: Kyodo
A humanoid robot poses at a BYD booth beside an electric vehicle at the Beijing auto show. Photo: Kyodo
Semiconductors

China’s chipmakers pour revenue into R&D, outpacing US ratios

Earnings show Chinese chip designers devote up to half of revenue to research, far above US peers, as Beijing pushes tech self-reliance.

Business of climate change

Canadian Solar elevates Hong Kong role amid industry slump, geopolitical strain

Energy storage unit EP Cube eyes Hong Kong hiring and potential IPO as the group expands into higher-value markets.

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Hong Kong stock market

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

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A display promotes China’s artificial intelligence industry at an expo in Beijing. Photo: Xinhua
A display promotes China’s artificial intelligence industry at an expo in Beijing. Photo: Xinhua
Mainland China

WeRide CEO sees ‘ChatGPT moment’ in driverless cars within 10 years

The global commercial robotaxi fleet was estimated to be 7,000 vehicles in 2025, and is expected to surge to about 6 million by 2035.

China’s private sector

CK Hutchison exits UK’s largest carrier VodafoneThree in US$5.82 billion deal

Sale of 49 per cent stake marks CK Hutchison’s latest asset move, following disposal of UK Power Networks, as group builds cash war chest.

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Electric & new energy vehicles

Chinese start-up ZYT eyes semi-autonomous truck production this year

DJI spin-off is providing autopilot systems to six manufacturers, as fuel-saving abilities gain importance amid oil supply shock.

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Vehicles are displayed in ZYT’s booth at the Beijing Auto Show. Photo: Weibo
Electric & new energy vehicles

BYD, Geely benefit from overseas orders amid Middle East energy shock

Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.

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A journalist takes pictures of the Geely E5 electric compact SUV car presented at the launch of Geely Auto France in Paris on April 28. Photo: Reuters
A journalist takes pictures of the Geely E5 electric compact SUV car presented at the launch of Geely Auto France in Paris on April 28. Photo: Reuters
Electric & new energy vehicles

Full charge: Xiaomi shares surge on EV sales boost

Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.

Banking & finance

Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

Cross-border trading connections could start with ETFs, says special economic zone’s governor.

China stock market

Who could gain from DeepSeek’s V4 with China chips poised for stronger demand?

Breakthrough launch could lift stocks from chipmakers to model developers as demand for computing power builds and adoption widens: analysts.

The launch of DeepSeek’s V4 may lower the costs of AI integration into daily lives and broaden commercial usage, according to analysts. Photo: AFP
Hong Kong stock market

Ant Group’s bank adds stock trading to Alipay app in Hong Kong

Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.

A view of the One Causeway Bay building, home to Ant Group in Hong Kong. Photo: Dickson Lee
A view of the One Causeway Bay building, home to Ant Group in Hong Kong. Photo: Dickson Lee
International Property

Singapore’s safe-haven status draws more Chinese property investment

Mainland firms’ investments in Singapore fixed assets zoomed to 21 per cent of the total in 2025 from 2.5 per cent a year earlier.

Artificial intelligence

ByteDance’s drug unit presents AI-designed therapies at global conferences

Chinese tech giant fields teams in Boston, Rio de Janeiro and Barcelona as its unit unveils frameworks and therapies powered by AI.

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Electric & new energy vehicles

Shifting gears: how foreign giants aim to catch up in China’s EV era

International carmakers launch tailored models and accelerate R&D as they scramble to match the speed and sophistication of domestic rivals.

Illustration: Henry Wong
Illustration: Henry Wong
Electric & new energy vehicles

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

Ultra-fast charging technology and a wave of smart features are helping Chinese EVs win over overseas buyers.

Hong Kong property

Hong Kong homebuyers flock to new launches as flats sell out swiftly

All 120 units at One Victoria Cove I sold out by late afternoon, while Pavilia Farm III sold 19 of 45 units by 6.50pm.

Semiconductors

Samsung, SK Hynix flag record supply squeeze in memory market as AI demand soars

South Korea’s memory chip giants warn of a prolonged crunch, with worried Samsung customers already pre-booking memory capacity for 2027.

Samsung says its order fulfilment rate has plunged to a “record low”. Photo: Reuters
Banking & finance

China’s Big Four banks post stronger earnings as policy lending lifts growth

Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising.

China’s largest state-owned banks delivered stronger-than-expected first-quarter earnings. Photo: Shutterstock Images
China’s largest state-owned banks delivered stronger-than-expected first-quarter earnings. Photo: Shutterstock Images
Banking & finance

Standard Chartered’s 19% first-quarter profit jump beats estimates

Wealth management gains support earnings, but margin pressure from lower rates and rising credit costs weigh on overall performance.

Electric & new energy vehicles

Geely joins Chery, BYD in profit slide as China car sales plunge

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

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Banking & finance

Airport Authority issues record HK$19b in bonds amid strong investor demand

Investor participation was predominantly local, with more than 90 per cent from Hong Kong, according to joint bookrunner HSBC.

A general view of Hong Kong International Airport in Chek Lap Kok. Photo: Jelly Tse
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