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

Electric & new energy vehicles

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

Artificial intelligence

China fines firms for fake ChatGPT and DeepSeek services

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.

More than 10 million free orders were placed within nine hours of the campaign, overwhelming many stores in mainland China. Photo: Handout
More than 10 million free orders were placed within nine hours of the campaign, overwhelming many stores in mainland China. Photo: Handout
Hong Kong stock market

Tech sell-off rattles investors with cross-asset volatility set to linger

Markets swing sharply across asset classes as AI forces a rethink of pricing power and long-term growth bets.

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.

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IPO

China’s biggest pork producer Muyuan flat in Hong Kong share debut

Firm’s US$1.4 billion IPO records lower oversubscription rate than other recent listings, reflecting a cooling of the red-hot market.

Muyuan Foods chairman Qin Yinglin (left) takes part in the company’s listing ceremony at Hong Kong Exchanges and Clearing on February 6, 2026. Photo: Jonathan Wong
Muyuan Foods chairman Qin Yinglin (left) takes part in the company’s listing ceremony at Hong Kong Exchanges and Clearing on February 6, 2026. Photo: Jonathan Wong
Hong Kong property

Expanded Hong Kong scheme allows resale homebuyers to pay sellers directly

HKMA launches a direct transfer option for second-hand property transactions, replacing the traditional escrow system managed by law firms.

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.

Hong Kong stock market

Hong Kong stocks eke out gain as mainland investors overpower tech jitters

Southbound Stock Connect inflows provide late-session support, helping the benchmark reverse earlier losses.

Bull statues overlook Exchange Square in Hong Kong on February 3, 2026. Photo: Reuters
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.

IPO

‘Vibrant’ Hong Kong market seen drawing more listings from abroad

But other markets like South Korea could offer stronger near-term returns for international investors, J.P. Morgan Private Bank says.

Electric & new energy vehicles

Tesla, Xiaomi vie for Chinese EV buyers with cheaper, longer loans

Low interest rates and seven-year payback periods replace price discounts while EV sales drop and materials costs rise.

A potential buyer discusses a Tesla YL with a staff member in a showroom in Beijing on February 3, 2026. Photo: AFP
Hong Kong stock market

Hong Kong stocks gain as tax worries abate, solar sector rallies on Musk plans

‘Broader VAT hikes on private services are unlikely in 2026 and would run counter to reflation efforts,’ Morgan Stanley says.

People walk near screens displaying stock information at Exchange Square in Hong Kong, home of the city’s bourse operator, on February 3, 2026. Photo: Reuters
People walk near screens displaying stock information at Exchange Square in Hong Kong, home of the city’s bourse operator, on February 3, 2026. Photo: Reuters
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.

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Hong Kong stock market

Hong Kong stocks rise despite losses for tech firms on tax concerns

Baidu, Kuaishou among internet stocks losing ground amid rumours regulators may adjust value-added taxes on the sector.

People walk past Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, on March 28, 2025. Photo: Matthew Miller
People walk past Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, on March 28, 2025. Photo: Matthew Miller
Hong Kong stock market

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

Artificial intelligence

‘Value for money’: OpenClaw picks Chinese AI models for cost edge over US rivals

OpenClaw adds Moonshot AI’s Kimi and MiniMax as Chinese open-source AI models gain global appeal for cost and performance.

Artificial intelligence

Red packet rumble: will Tencent’s cash giveaway work again in crowded AI market?

Analysts say strong competition from ByteDance, DeepSeek, Ant Group and Alibaba may prevent Tencent’s Yuanbao from repeating WeChat glory.

Tencent’s Yuanbao has launched a campaign that gives out cash through digital red packets. Photo: Shutterstock
Bitcoin

Hong Kong crypto investors stay cautious but upbeat as bitcoin sell-off deepens

Bitcoin’s steep pullback has rattled global crypto markets, but in Hong Kong clearer rules on stablecoins are underpinning confidence.

Hong Kong is hoping to position itself as a digital asset hub. Photo: Shutterstock
Hong Kong is hoping to position itself as a digital asset hub. Photo: Shutterstock
Banking & finance

Chinese gold, silver investors face gut check amid volatility, fund suspensions

Some retreat to the sidelines as another fund suspends new investments and futures plunge, while others remain determined to buy the dip.

Electric & new energy vehicles

Chinese EV makers’ shares skid as sales slide after tax incentive ends

Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.

Hong Kong stock market

Hong Kong stocks drop by most since November, led by mining, telecoms

Telecommunications firms drop after Chinese authorities raise value-added taxes, denting profit expectations.

China Telecom’s booth is seen at the Mobile World Congress trade show in Barcelona on March 3, 2025. Photo: Shutterstock
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