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Red-packet battle: AI tech giants spent a collective US$1 billion on marketing this Chinese New Year. Photo: Getty Images

Business

Will users stick around after China’s US$1 billion AI marketing battle?

Vouchers, red packets and sponsorships drove a surge in AI users over Chinese New Year, but now the tech giants face a retention test.

Chinese AI drug researcher XtalPi expects to turn first annual profit

Will Apple’s low-cost iPhone 17e make a splash in China’s smartphone market?

Banking & Finance

HSBC chairman floats ‘IPO connect’ for Hong Kong, Shenzhen listings

Modelled on Stock Connect, the proposal would give investors in the Greater Bay Area cross-border access to new share listings.

Bull statues are seen in front of the Shenzhen Stock Exchange on November 17, 2024. Photo: Getty Images
Bull statues are seen in front of the Shenzhen Stock Exchange on November 17, 2024. Photo: Getty Images

China Business

Xiaomi tests humanoid robots as firm plans to deploy ‘large number’ in 5 years

Xiaomi robots operated autonomously for three continuous hours, successfully completing assembly tasks without human intervention.

Banking & Finance

How AI ‘scare trade’ is sparking an M&A rush by traditional firms, start-ups

AI start-ups and legacy firms clash in capital markets, spurring M&A as the technology reshapes industries.

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Markets

Hong Kong stocks slide for a second day as US-Iran war rattles sentiment

Risk-off sentiment is seen across major Asia-Pacific markets, with South Korea’s Kospi benchmark falling 7.2 per cent.

Financial data is displayed at the New York Stock Exchange. Photo: AP
Financial data is displayed at the New York Stock Exchange. Photo: AP

Banking & Finance

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

China Business

Investors lock onto NPC as markets seek policy lift amid AI jitters

With Chinese stocks drifting and global markets spooked by artificial intelligence fears, traders are eyeing the ‘two sessions’ for catalysts.

Tech

AI-aided US strikes in Iran to intensify China tech self-reliance push: analysts

AI’s militarisation adds momentum to China’s drive for domestic chips and infrastructure, analysts say.

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The US reportedly deployed Anthropic’s systems in the Iran campaign, including for intelligence assessments, target identification and battle scenario simulations. Photo: AFP

Big Tech

Iran war disrupts Chinese tech firms’ Middle East operations

Baidu, WeRide and Meituan among companies halting operations or instituting remote work, as some Chinese nationals seek to escape region.

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A WeRide robotaxi is pictured in Abu Dhabi on December 7, 2025. Photo: Coco Feng
A WeRide robotaxi is pictured in Abu Dhabi on December 7, 2025. Photo: Coco Feng

China EVs

China should skip a step in self-driving cars, Xpeng CEO says

He Xiaopeng urges Beijing to clear way for a leap ahead in autonomous driving technology – a jump he promises to propose at the ‘two sessions’.

Banking & Finance

Hong Kong, Shanghai sign pact on digital trade finance, cross-border data link

‘This marks an important milestone in the collaboration on financial innovation between Shanghai and Hong Kong,’ HKMA’s Howard Lee says.

Tech

Hong Kong-listed AI firm MiniMax’s revenue jumps 159% on strong demand

Shanghai-based company predicts revenue will double this year, based on strong user growth for its M2.5 model.

MiniMax looks to capitalise on exploding interest in agentic AI products this year. Photo: Shutterstock

Companies

Hong Kong to expand tax waivers for family offices, pension fund investment

The government will submit a bill by June to add more tax-exempt products and funds, including gold and digital assets, a minister says.

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu. Photo: Dickson Lee
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu. Photo: Dickson Lee

China EVs

Chinese officials, car executives may discuss capping EV output

As China’s EV industry faces slowing growth, officials may discuss capping output and boosting tech innovation to combat price wars.

Big Tech

Huawei holds global debut for AI computing clusters in challenge to Nvidia

US-sanctioned Huawei Technologies brings ‘world’s most powerful’ AI compute systems to an international audience at MWC Barcelona 2026.

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Banking & Finance

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Banking & Finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Big Tech

Why China’s tech giants cannot afford to lose the global AI race

AI rivalry is challenging the traditional strategies of China’s ‘big tech’ firms and how they have monetised their products in the past.

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Companies

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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Illustration: Brian Wang
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OPINION
Wang Xiangwei

Opinion | Now is the time for China to show it’s serious about opening up

Wang Xiangwei
Shanshan Li

Opinion | Why the Fed credibility crisis will hit emerging markets harder

Shanshan Li
Lizzi C. Lee

Opinion | How the next China shock is shaping hearts and minds

Lizzi C. Lee
Luca Mattei

Opinion | Why China keeps fossil fuels central even as it ramps up green energy

Luca Mattei
Nicholas Spiro

Macroscope | Blame Trump, not Asian investors, for gold and silver volatility

Nicholas Spiro
Matteo Giovannini

Opinion | Talk of digital yuan challenging dollar dominance misses real power shift

Matteo Giovannini
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MULTIMEDIA
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Pony.ai set to further open China’s autonomous-driving frontier

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07:39
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What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng
04:37
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Taiwan firm creates clothing from banana waste

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Gold scams in China and changing global politics

Wire
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