https://www.scmp.com/rss/107605/feed The latest news and analysis on companies doing business in China, and China’s fast-growing corporate sector en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren,Ben Jiang Daniel Ren,Ben Jiang China’s latest electric vehicle (EV) innovations – from ultra-fast battery charging to headlights capable of projecting films – have drawn strong attention at Beijing’s Auto China show, underscoring how the country’s automotive technology is pulling ahead of global rivals. As domestic carmakers and key suppliers recast vehicles as “mobile living spaces” powered by artificial intelligence and digital systems, they are increasingly looking beyond the mainland to drive export growth. “We are... https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed Fri, 01 May 2026 09:00:09 +0000 Zhang Shidong Zhang Shidong Chinese property stocks are poised for a comeback, as investors believe that a rebound in tier-one city home prices is a sign that the sector’s years-long woes are nearing an end. The pickup in home prices in mega cities such as Beijing and Shanghai has coincided with a spike in transaction volumes, indicating that buyers are piling in after prices have fallen to more affordable levels. In March, more than 30,000 lived-in homes were sold in Shanghai, the highest in five years, after the city... https://www.scmp.com/business/china-business/article/3352031/battered-chinese-property-stocks-primed-comeback-industry-shows-signs-turning?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352031/battered-chinese-property-stocks-primed-comeback-industry-shows-signs-turning?utm_source=rss_feed Fri, 01 May 2026 04:30:09 +0000 Xinmei Shen Xinmei Shen Artificial intelligence investments by US tech giants continue to soar, dwarfing those of Chinese AI firms, but China’s rising appetite for AI applications will compel its tech companies to increase their AI spending this year, according to analysts. The largest US tech companies are on track for more than US$700 billion in AI capital expenditures this year, driven in part by rising memory costs and continuously growing demand for AI applications. Google and Microsoft on Thursday both said that... https://www.scmp.com/tech/big-tech/article/3352068/chinese-firms-face-pressure-ai-investments-us-peers-spending-keeps-soaring?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3352068/chinese-firms-face-pressure-ai-investments-us-peers-spending-keeps-soaring?utm_source=rss_feed Thu, 30 Apr 2026 14:30:09 +0000 Cheryl Arcibal Cheryl Arcibal Non-local residents in Shenzhen can now buy property in some of the city’s core districts after the local housing authority eased restrictions and raised home-loan caps, a move likely to further improve the real estate prospects of mainland China’s top tech powerhouse. Those holding a valid residence permit can buy one residential unit in Futian and Nanshan districts, and Xinan in Baoan district, without having to pay social security or individual tax for a year. The rules came into effect on... https://www.scmp.com/business/article/3351968/chinas-top-tech-hub-shenzhen-eases-homebuying-curbs-raises-loan-caps?utm_source=rss_feed https://www.scmp.com/business/article/3351968/chinas-top-tech-hub-shenzhen-eases-homebuying-curbs-raises-loan-caps?utm_source=rss_feed Thu, 30 Apr 2026 08:00:08 +0000 Yulu Ao Yulu Ao China’s largest state-owned banks delivered stronger-than-expected first-quarter earnings, with rising interest income and steady asset quality pointing to improving credit demand as Beijing ramps up support for key sectors of the economy. The Big Four lenders – Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) – all reported growth in both revenue and net profit, marking a turnaround from the margin pressure... https://www.scmp.com/business/china-business/article/3351965/chinas-big-four-banks-post-stronger-earnings-policy-lending-lifts-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351965/chinas-big-four-banks-post-stronger-earnings-policy-lending-lifts-growth?utm_source=rss_feed Thu, 30 Apr 2026 07:00:09 +0000 He Huifeng He Huifeng China is bracing for a record surge in cross-regional travel over the coming Labour Day holiday, as the country’s tourism sector continues to see strong demand amid government efforts to boost consumption. The domestic transport network is projected to handle 1.52 billion cross-regional trips – about 304 million trips per day – over the five-day public holiday, up 4 per cent compared with the same period last year, the Ministry of Transport announced on Tuesday. Public transport passenger flows... https://www.scmp.com/economy/china-economy/article/3351841/china-braces-record-labour-day-travel-surge-tourism-demand-remains-robust?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351841/china-braces-record-labour-day-travel-surge-tourism-demand-remains-robust?utm_source=rss_feed Thu, 30 Apr 2026 01:00:11 +0000 Themis Qi Themis Qi Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives. Hangzhou-based Geely, the country’s second-largest carmaker behind BYD, said in a filing on Wednesday that its net profit for the January-March period slid 27 per cent year on year to 4.17 billion yuan (US$610 million). The profit slump came even as... https://www.scmp.com/business/china-evs/article/3351886/geely-joins-chery-byd-profit-slide-reduced-incentives-decimate-china-car-sales?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351886/geely-joins-chery-byd-profit-slide-reduced-incentives-decimate-china-car-sales?utm_source=rss_feed Thu, 30 Apr 2026 00:30:08 +0000 Xinmei Shen Xinmei Shen Cambricon Technologies, dubbed “China’s little Nvidia,” on Thursday became the costliest stock in mainland China’s equities market after it reported substantial growth in the first quarter amid an artificial intelligence boom and China’s tech self-sufficiency push. Cambricon shares rose as much as 18 per cent to nearly 1,680 yuan (US$245) on Thursday, beating optical chipmaker Yuanjie Semiconductor Technology, which traded at around 1,660 yuan. On Wednesday, Cambricon announced a 160 per cent... https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed Wed, 29 Apr 2026 13:15:23 +0000 Coco Feng Coco Feng The impact of sky-high costs for memory chips is spreading from smartphones to cars, as China’s electric vehicle (EV) king BYD announced a 21 per cent price increase for its high-end driver-assistance system. Starting on Friday, the price of the optional DiPilot 300 assisted-driving system would rise to 12,000 yuan ($1,757) from 9,900 yuan, BYD said on Tuesday, attributing the decision to “the sharp rise in global storage hardware costs”. The system, which allows cars to navigate themselves on... https://www.scmp.com/tech/article/3351842/hit-memory-costs-spreads-phones-evs-chinas-byd-raises-driving-tech-price?utm_source=rss_feed https://www.scmp.com/tech/article/3351842/hit-memory-costs-spreads-phones-evs-chinas-byd-raises-driving-tech-price?utm_source=rss_feed Wed, 29 Apr 2026 12:30:11 +0000 Zhang Shidong Zhang Shidong China has appointed a senior sovereign wealth fund executive as a deputy head of its securities regulator, in the latest leadership reshuffle aimed at steadying the country’s capital markets. Liu Haoling was named vice-chairman of the China Securities Regulatory Commission (CSRC) by the State Council, according to a statement posted on the agency’s website on Wednesday. He was also appointed to the regulator’s Communist Party committee. It was not immediately clear which portfolios Liu would... https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed Wed, 29 Apr 2026 11:09:46 +0000 Zhu Wenqian Zhu Wenqian Multinational furniture retailer Ikea says it will open its first small-format store in Beijing on Thursday, aiming at convenience and efficiency that analysts believe could lift footfall by bringing the brand closer to consumers amid shifting trends. The move comes after the company shut seven large outlets across mainland China in early February, as it grapples with the country’s rapidly changing consumer trends and declining demand for new-home furnishing amid a sluggish property... https://www.scmp.com/business/china-business/article/3351870/ikea-open-first-small-format-beijing-store-tap-chinas-changing-consumer-trends?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351870/ikea-open-first-small-format-beijing-store-tap-chinas-changing-consumer-trends?utm_source=rss_feed Wed, 29 Apr 2026 10:30:20 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, reported a record quarterly profit in the first three months of 2026, buoyed by more new listings and increased turnover. Net profit rose 27 per cent to HK$5.19 billion (US$662 million) – or HK$4.10 per share – from a year earlier, the company said on Wednesday. The result beat the HK$4.6 billion consensus among analysts. It is the highest quarterly profit on record, surpassing the HK$4.9 billion in the third... https://www.scmp.com/business/banking-finance/article/3351801/hkex-posts-record-quarterly-profit-topping-forecast-listings-and-turnover-surge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351801/hkex-posts-record-quarterly-profit-topping-forecast-listings-and-turnover-surge?utm_source=rss_feed Wed, 29 Apr 2026 05:50:25 +0000 Zhang Shidong Zhang Shidong Chinese oil producers have seen market gains after two of the country’s major players reported stronger first-quarter earnings, buoyed by a surge in crude prices. Shares of China Petroleum and Chemical Corp, also known as Sinopec, rose 2.4 per cent to HK$4.70 in Hong Kong, while its Shanghai-listed stock gained 1.3 per cent to 5.42 yuan. China National Overseas Oil Corporation (CNOOC) climbed 1.4 per cent to HK$29.38 and PetroChina rallied 2.7 per cent to HK$11.98. Oil stocks have been in focus... https://www.scmp.com/business/china-business/article/3351788/china-oil-stocks-rise-crude-rally-lifts-sinopec-cnooc-earnings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351788/china-oil-stocks-rise-crude-rally-lifts-sinopec-cnooc-earnings?utm_source=rss_feed Wed, 29 Apr 2026 04:28:37 +0000 Yulu Ao Yulu Ao China Resources Power (CRP), one of the largest mainland power producers listed in Hong Kong, has received approval to spin off its renewable energy arm for a separate listing in Shenzhen, marking a key step in a years-long plan to tap capital markets amid strong demand for new energy. The Shenzhen Stock Exchange’s listing committee approved the proposed A-share offering of China Resources New Energy Holdings on April 28, according to a filing by CRP. The deal, however, still required... https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed Wed, 29 Apr 2026 04:15:10 +0000 Coco Feng,Wency Chen,Vincent Chow Coco Feng,Wency Chen,Vincent Chow It could be “time-consuming”, “complex” and “difficult” for Meta Platforms to unwind its acquisition of Manus, an artificial intelligence start-up that originated in China, given how far the deal has gone, according to analysts. Beijing’s order on Monday blocking the US$2 billion deal came roughly four months after the acquisition was announced. During that time, Manus – developer of what it described as the world’s first general AI agent – provided Meta employees with unlimited-usage accounts,... https://www.scmp.com/tech/article/3351718/meta-manus-ai-deal-difficult-undo-how-will-beijing-exert-its-authority?utm_source=rss_feed https://www.scmp.com/tech/article/3351718/meta-manus-ai-deal-difficult-undo-how-will-beijing-exert-its-authority?utm_source=rss_feed Tue, 28 Apr 2026 14:30:09 +0000 Themis Qi Themis Qi Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors. Founded in 2003, Inovance is seen as a cornerstone of China’s industrial automation sector. The company’s shares, listed on the Shenzhen Stock Exchange since 2010, closed at 61.36 yuan on Tuesday, giving it a market capitalisation of nearly 175.3 billion yuan (US$25.6... https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed Tue, 28 Apr 2026 12:30:19 +0000 Themis Qi Themis Qi China’s electric vehicle (EV) king BYD reported a slump in first-quarter net profit as weakness in its domestic market outweighed rising exports. The mainland’s largest and most profitable EV maker reported a net profit of nearly 4.09 billion yuan (US$590 million) for the first three months of the year, a drop of 55 per cent compared with a year earlier. Revenue came in at 150.2 billion yuan, down 11.8 per cent from a year earlier. The market’s consensus estimate was 4.09 billion yuan for net... https://www.scmp.com/business/china-evs/article/3351734/byd-chinas-ev-king-posts-55-slump-first-quarter-profit?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351734/byd-chinas-ev-king-posts-55-slump-first-quarter-profit?utm_source=rss_feed Tue, 28 Apr 2026 11:44:14 +0000 Vincent Chow,Minxiao Chang Vincent Chow,Minxiao Chang The potential emergence of a new DeepSeek spokesman has sparked intrigue as speculation over the whereabouts of founder and CEO Liang Wenfeng continues, more than a year after his last public appearance. While the Hangzhou start-up’s latest V4 model did not make the same waves as its breakout moment a year earlier, the much-anticipated release still grabbed headlines through a collaboration with domestic tech giant Huawei Technologies and its remarkably low prices. For the traditionally... https://www.scmp.com/tech/big-tech/article/3351700/deepseek-mystery-who-speaking-start-ceo-liang-wenfeng-remains-out-sight?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351700/deepseek-mystery-who-speaking-start-ceo-liang-wenfeng-remains-out-sight?utm_source=rss_feed Tue, 28 Apr 2026 11:00:15 +0000 Themis Qi Themis Qi Battery makers and electric vehicle (EV) manufacturers have seized on the Beijing Auto Show to showcase technologies promising shorter charging times in a race triggered by BYD and Contemporary Amperex Technology Ltd (CATL). Fast-charging technology has dominated the floor at the 10-day event which runs until May 3. Second-tier Chinese battery suppliers including CALB Group, EVE Energy and Sunwoda unveiled products capable of boosting power to 70 per cent, from a starting point of 10 per cent,... https://www.scmp.com/business/china-evs/article/3351662/need-speed-chinas-ev-battery-makers-race-cut-charging-times-under-10-minutes?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351662/need-speed-chinas-ev-battery-makers-race-cut-charging-times-under-10-minutes?utm_source=rss_feed Tue, 28 Apr 2026 10:00:16 +0000 Yulu Ao Yulu Ao Shares of WuXi AppTec surged both on the mainland and in Hong Kong after stronger-than-expected quarterly results lifted sentiment across the contract research and innovative drug sectors. The pharmaceutical company’s Shanghai-listed shares rose by their daily limit of 10 per cent to close at 110.57 yuan on Tuesday, while its Hong Kong shares ended 14 per cent higher at HK$143.10, the highest since December 2021. The gains followed the company’s market-beating first-quarter earnings released... https://www.scmp.com/business/china-business/article/3351706/wuxi-apptec-shares-surge-14-hong-kong-after-record-first-quarter-earnings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351706/wuxi-apptec-shares-surge-14-hong-kong-after-record-first-quarter-earnings?utm_source=rss_feed Tue, 28 Apr 2026 09:27:48 +0000 Ann Cao Ann Cao Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country’s quest for a fast-growing alternative to conventional electronic semiconductors in artificial intelligence data centres. The Shanghai-based company opened at HK$880, versus the offer price of HK$183.20 – the top of its marketed range of HK$166.60 to HK$183.20. It raised HK$2.4 billion... https://www.scmp.com/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed Tue, 28 Apr 2026 02:03:55 +0000 Zhang Shidong Zhang Shidong Shares of Contemporary Amperex Technology Ltd (CATL) tumbled in Hong Kong on Tuesday following the announcement of a plan to raise HK$39.2 billion (US$5 billion) from a share placement to fund expansion of its renewables business amid a global oil crunch. The world’s largest manufacturer of batteries for electric vehicles and energy storage slumped 6.9 per cent to close at HK$629, the steepest decline since October 10, 2025. The company’s yuan-denominated shares held up relatively well, slipping... https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed Tue, 28 Apr 2026 01:42:18 +0000 Themis Qi Themis Qi Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang... https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed Mon, 27 Apr 2026 14:32:43 +0000 Xinmei Shen Xinmei Shen Chinese optical chipmaker Yuanjie Semiconductor Technology reported an elevenfold surge in first-quarter profits as domestic firms capitalise on soaring demand for computing power amid the artificial intelligence boom and the country’s tech self-sufficiency drive. Net profit in the three months ended March 31 jumped 1,153 per cent year on year to 179 million yuan (US$26.2 million), while revenue grew 321 per cent to 355 million yuan, the Shanghai-listed company said in a stock-exchange filing on... https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed Mon, 27 Apr 2026 14:00:35 +0000 Ben Jiang Ben Jiang Chinese robotaxi firms from Pony AI to WeRide are accelerating global roll-outs of commercial fleets, leveraging cost competitiveness from the country’s world-leading new energy vehicle (NEV) supply chain and improved operational efficiency, company executives have said. China’s NEV supply chain had helped reduce the total cost of Pony AI’s upgraded seventh-generation robotaxi – including the base vehicle, battery and autonomous driving kit – to below 230,000 yuan (US$33,700), making it cheaper... https://www.scmp.com/tech/tech-trends/article/3351581/chinese-robotaxi-firms-accelerate-global-roll-outs-cost-edge-drives-expansion?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351581/chinese-robotaxi-firms-accelerate-global-roll-outs-cost-edge-drives-expansion?utm_source=rss_feed Mon, 27 Apr 2026 13:30:09 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL) has taken a leap forward in commercialising sodium-ion batteries, signing a large supply contract with an energy-storage system (ESS) provider amid high demand for power infrastructure after the global oil shock. The world’s largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years in a landmark deal for the new battery... https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed Mon, 27 Apr 2026 13:16:17 +0000 Themis Qi Themis Qi China’s drug maker WuXi AppTec reported record first-quarter revenue, as a robust order backlog and sustained demand from global pharmaceutical companies supported growth. For the three months ended March 31, the Shanghai- and Hong Kong-listed company posted revenue of 12.44 billion yuan (US$1.72 billion), up 28.81 per cent year on year, according to a filing released on Monday. Net profit climbed nearly 27 per cent to 4.65 billion yuan in the quarter. Both revenue and net profit exceeded market... https://www.scmp.com/business/china-business/article/3351591/wuxi-apptec-posts-record-first-quarter-revenue-strong-global-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351591/wuxi-apptec-posts-record-first-quarter-revenue-strong-global-demand?utm_source=rss_feed Mon, 27 Apr 2026 11:30:12 +0000 Zhang Shidong Zhang Shidong The long-anticipated state visit by US President Donald Trump to China next month could lift sentiment in mainland and Hong Kong equities, as investors bet that easing tensions between Beijing and Washington will support export-driven sectors and companies pursuing overseas expansion. Trump is scheduled to meet President Xi Jinping on May 14-15, with discussions expected to cover tariffs, purchases of US goods and restrictions on rare earths. Any progress could clear a path for Chinese firms to... https://www.scmp.com/business/china-business/article/3351566/china-equities-set-boost-trump-xi-meeting-raises-hopes-thaw?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351566/china-equities-set-boost-trump-xi-meeting-raises-hopes-thaw?utm_source=rss_feed Mon, 27 Apr 2026 09:30:10 +0000 Yulu Ao Yulu Ao China’s solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion. The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday. Sungrow, one of the world’s largest suppliers of... https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed Mon, 27 Apr 2026 03:55:24 +0000 Themis Qi Themis Qi China’s recycling platform Zhuanzhuan is preparing to expand into Europe and the US by the end of the year, betting that demand for second-hand goods will continue to rise amid economic uncertainty despite geopolitical tensions. Backed by tech giants Tencent Holdings and Xiaomi, the Beijing-based company plans to export its model – which combines advanced quality inspection technology with door-to-door services – to get a slice of overseas markets. A dedicated international website was expected... https://www.scmp.com/business/china-business/article/3351394/turning-cast-offs-cash-chinas-zhuanzhuan-looks-europe-and-us-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351394/turning-cast-offs-cash-chinas-zhuanzhuan-looks-europe-and-us-growth?utm_source=rss_feed Mon, 27 Apr 2026 01:00:32 +0000 Iris Deng Iris Deng Shares of Moore Threads, one of China’s Nvidia challengers, jumped as much as 12.5 per cent on Monday morning on the back of a swing to a profit in the first quarter, as domestic graphics processing unit (GPU) champions capitalised on surging computing demand amid Beijing’s push for chip self-sufficiency. The Beijing-based firm reported a net profit of 29.4 million yuan (US$4.3 million) for the January to March 2026 period, compared with a net loss of 112.5 million yuan a year earlier, according... https://www.scmp.com/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed https://www.scmp.com/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed Mon, 27 Apr 2026 01:00:13 +0000 Daniel Ren Daniel Ren Li Auto, one of Tesla’s major rivals in mainland China, has set its sights on the Middle East and Asia-Pacific, with its premium intelligent models poised to take on petrol car brands such as BMW and Mercedes-Benz. The Beijing-based electric vehicle (EV) maker, which is actively building a sales network abroad, expected overseas deliveries to account for 30 per cent of its total by 2030, according to president Ma Donghui. “It is inevitable that we will compete against BMW, Benz and Audi, which... https://www.scmp.com/business/china-business/article/3351481/chinas-li-auto-targets-bmw-and-mercedes-premium-suvs-middle-east-asia-pacific?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351481/chinas-li-auto-targets-bmw-and-mercedes-premium-suvs-middle-east-asia-pacific?utm_source=rss_feed Sun, 26 Apr 2026 11:10:02 +0000 Themis Qi Themis Qi Amid geopolitical tensions, China’s Tianqi Lithium has decided to skip Africa and will stick to domestic salt lakes to secure the supply of a battery mineral, according to its president Frank Ha Chun-shing. The move comes as the oil shock stemming from Middle Eastern conflicts is driving up global demand for electric vehicles (EVs) and battery energy storage systems (BESSs). Lithium, which can be extracted from hard rock and salt flat brines, can be processed into lithium carbonate, a raw... https://www.scmp.com/business/commodities/article/3351363/chinas-tianqi-lithium-favour-domestic-salt-lakes-over-africa-amid-resource-nationalism?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3351363/chinas-tianqi-lithium-favour-domestic-salt-lakes-over-africa-amid-resource-nationalism?utm_source=rss_feed Sat, 25 Apr 2026 23:30:08 +0000 Themis Qi Themis Qi Xpeng, the Chinese electric vehicle start-up often cast as a key rival to Tesla, has set an ambitious goal to surpass the US carmaker’s self-driving capabilities in China by August, according to co-founder, chairman and CEO He Xiaopeng. The target highlights an intensifying technology race in the world’s largest car market, where manufacturers are increasingly leaning on advanced software to drive growth as government subsidies are phased out. Although Tesla’s full version of its Full... https://www.scmp.com/business/china-evs/article/3351400/xpeng-sets-august-goal-overtake-teslas-self-driving-tech-china?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351400/xpeng-sets-august-goal-overtake-teslas-self-driving-tech-china?utm_source=rss_feed Sat, 25 Apr 2026 04:42:03 +0000 Iris Deng,Coco Feng Iris Deng,Coco Feng In the southern tech hub of Shenzhen, a simmering rivalry between DJI and Insta360 has transformed their shared neighbourhood into a high-stakes corporate battleground. Both companies have long been hailed as the city’s poster children for Chinese innovation. DJI dominated the skies as the world’s undisputed leader in consumer drones, and Insta360 captured the niche market of panoramic cameras. Now they find themselves locked in a crosstown struggle for market supremacy that some say could... https://www.scmp.com/tech/big-tech/article/3351291/dji-duels-insta360-china-sharpens-global-hardware-edge-amid-us-scrutiny?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351291/dji-duels-insta360-china-sharpens-global-hardware-edge-amid-us-scrutiny?utm_source=rss_feed Fri, 24 Apr 2026 22:00:11 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Chinese electric vehicle (EV) makers at the Beijing auto show are shifting their focus to overseas markets, banking on opportunities from the Middle East crisis to boost profitability amid weak sales at home. “Going global has become a top choice for Chinese EV builders as they struggle to break even,” said Phate Zhang, founder of Shanghai-based data provider CnEVPost. “The Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.” Nearly all major EV assemblers... https://www.scmp.com/business/china-business/article/3351357/chinese-ev-makers-target-global-expansion-auto-china-amid-energy-shock?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351357/chinese-ev-makers-target-global-expansion-auto-china-amid-energy-shock?utm_source=rss_feed Fri, 24 Apr 2026 12:57:59 +0000 Zhu Wenqian Zhu Wenqian Chinese toymaker Pop Mart said it plans to develop more of its Pop Land theme parks on the mainland and overseas, and is in talks with several cities to expand beyond its sole existing venue in Beijing. Jeffrey Hu, head of Pop Land and vice-president of Pop Mart, said on Friday that the company had established solid park operations capabilities, and planned to replicate this model whenever suitable opportunities emerged. “We also plan to develop an integrated resort blending theme park... https://www.scmp.com/business/china-business/article/3351344/chinas-pop-mart-eyes-expansion-home-and-abroad-its-pop-land-theme-park?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351344/chinas-pop-mart-eyes-expansion-home-and-abroad-its-pop-land-theme-park?utm_source=rss_feed Fri, 24 Apr 2026 11:30:14 +0000 Zhang Shidong Zhang Shidong China will allow qualified overseas investors to trade government bond futures contracts, as policymakers step up the opening up of the nation’s capital markets to boost foreign participation. Foreign traders, approved under the qualified foreign institutional investor (QFII) programme by the financial regulators, could buy and sell government-bond futures starting on Friday, the China Securities Regulatory Commission (CSRC) said in a statement on its website. The trading could only be carried... https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed Fri, 24 Apr 2026 11:00:08 +0000 Yulu Ao Yulu Ao Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek. Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, extending a broader rally among mainland chipmakers. In contrast, several AI application developers... https://www.scmp.com/business/china-business/article/3351328/investors-rotate-chinas-chipmakers-deepseek-intensifies-ai-competition?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351328/investors-rotate-chinas-chipmakers-deepseek-intensifies-ai-competition?utm_source=rss_feed Fri, 24 Apr 2026 10:03:43 +0000 Zhang Shidong Zhang Shidong China’s largest fund manager has doubled down on consumer stocks, betting on a rebound in spending as early signs of stabilisation emerge in the property and catering sectors. Zhang Kun, who oversees US$6.9 billion at Guangzhou-based E Fund Management, increased exposure to leading baijiu makers and e-commerce platforms in his flagship mutual fund during the first quarter, according to a quarterly filing released on Thursday. The combined assets of the four funds he manages remain the largest... https://www.scmp.com/business/china-business/article/3351290/baijiu-bet-chinas-top-fund-manager-doubles-down-consumers-amid-signs-recovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351290/baijiu-bet-chinas-top-fund-manager-doubles-down-consumers-amid-signs-recovery?utm_source=rss_feed Fri, 24 Apr 2026 08:00:46 +0000 Daniel Ren Daniel Ren Adamant about retaining its runaway lead in supplying smart driving systems in China, Huawei Technologies plans to invest as much as 80 billion yuan (US$11.7 billion) over the next five years to boost computing power essential for training and testing semi-autonomous cars. The massive capital expenditure would enhance the reliability of cars fitted with the Huawei Qiankun ADS autopilot system, as the Shenzhen-based tech giant looked to expand its customer base, said Jin Yuzhi, CEO of Huawei’s... https://www.scmp.com/business/china-business/article/3351242/huawei-doubles-down-autonomous-driving-earmarking-us117b-autopilot-training?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351242/huawei-doubles-down-autonomous-driving-earmarking-us117b-autopilot-training?utm_source=rss_feed Fri, 24 Apr 2026 03:39:33 +0000 Vincent Chow,Wency Chen Vincent Chow,Wency Chen DeepSeek has finally released its much-anticipated next-generation foundational artificial intelligence model, the open-source V4, which it said was competitive with leading US closed-source models from the likes of OpenAI and Google DeepMind. The Hangzhou-based AI start-up released two versions of the model on Friday, with the V4-pro model boasting 1.6 trillion parameters, making it the company’s biggest-ever model by that metric, while the smaller V4-flash model has 284 billion parameters. A... https://www.scmp.com/tech/big-tech/article/3351239/deepseek-releases-next-gen-ai-model-world-leading-efficiency?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351239/deepseek-releases-next-gen-ai-model-world-leading-efficiency?utm_source=rss_feed Fri, 24 Apr 2026 03:25:33 +0000 Zhang Shidong Zhang Shidong An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup their... https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed Fri, 24 Apr 2026 02:00:15 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Chinese electric vehicle (EV) makers and supply-chain vendors, from Tesla rivals Xpeng to Nio and lidar sensor producer Hesai Group, will display their technological advances on a new front – in-car chips – at the Auto China show in Beijing as the country’s automotive industry makes rapid progress. Carmakers and vendors are designing and developing chips to power autonomous driving and in-car entertainment systems. These chips boast computing power on par with blockbuster products made by chip... https://www.scmp.com/business/china-business/article/3351186/chinese-ev-makers-bet-house-chips-make-cars-smarter-and-more-autonomous?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351186/chinese-ev-makers-bet-house-chips-make-cars-smarter-and-more-autonomous?utm_source=rss_feed Fri, 24 Apr 2026 00:30:08 +0000 Peggy Ye Peggy Ye A hotel operator’s planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong’s private sector and the state-backed development project, as leaders renew efforts to accelerate the zone’s transformation into a hi-tech growth hub. Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings, said on Thursday that it had signed a management agreement with China Xiongan Group Public Service Management to... https://www.scmp.com/business/china-business/article/3351113/hong-kongs-langham-group-among-first-invest-beijings-city-future-xiongan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351113/hong-kongs-langham-group-among-first-invest-beijings-city-future-xiongan?utm_source=rss_feed Thu, 23 Apr 2026 09:30:08 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi This year’s Auto China, the world’s largest car show, is likely to mark a watershed for Chinese electric vehicle (EV) makers as they push dozens of new premium models into the spotlight, challenging European manufacturers such as BMW and Mercedes-Benz. Leading EV makers in mainland China, from BYD and Geely to Leapmotor and Nio, will showcase their latest models at the 10-day show, which starts in Beijing on Friday, having moved up the value chain through the rapid adoption of technological... https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed Thu, 23 Apr 2026 09:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Mainland China’s population of ultra-high-net-worth individuals (UHNWIs) – those with assets exceeding US$30 million – has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank. Despite that growth, China’s share of global UHNWIs edged down by one percentage point to 17 per cent this year and was expected to fall further to 15 per cent by 2031, as rapid wealth creation in the United States... https://www.scmp.com/business/article/3351114/mainland-chinas-ultra-wealthy-numbers-rise-hong-kong-tipped-faster-growth?utm_source=rss_feed https://www.scmp.com/business/article/3351114/mainland-chinas-ultra-wealthy-numbers-rise-hong-kong-tipped-faster-growth?utm_source=rss_feed Thu, 23 Apr 2026 07:00:03 +0000 Yulu Ao Yulu Ao Mainland Chinese investors have slowed their purchases of Hong Kong-listed shares this year after last year’s record inflows, as more artificial intelligence investment opportunities have emerged in mainland markets, according to BNP Paribas. Southbound inflows via the Stock Connect cross-border system have reached about US$30 billion so far this year, a slower pace than 2025, when they hit US$180 billion for the full year, according to the French bank. The deceleration reflected changing market... https://www.scmp.com/business/china-business/article/3351090/ai-driven-hong-kong-stock-inflows-mainland-china-slow-investor-options-multiply?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351090/ai-driven-hong-kong-stock-inflows-mainland-china-slow-investor-options-multiply?utm_source=rss_feed Thu, 23 Apr 2026 04:49:32 +0000 Wency Chen Wency Chen Alibaba Group Holding has struck its first external partnership for its flagship consumer artificial intelligence app, linking it with China Eastern Airlines in a move that pushes its agentic capabilities beyond the company’s own ecosystem and into real-world services. The company said the fresh collaboration allowed users of the Qwen app to manage the full flight booking process – from search and ticket purchase to seat selection and check-in – within a single natural-language chat interface.... https://www.scmp.com/tech/big-tech/article/3351076/alibaba-opens-qwen-app-outside-partners-china-eastern-airlines-tie?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351076/alibaba-opens-qwen-app-outside-partners-china-eastern-airlines-tie?utm_source=rss_feed Thu, 23 Apr 2026 03:12:43 +0000 Zhang Shidong Zhang Shidong Fund managers investing in Asian and emerging markets added mainland Chinese and Taiwanese stocks to their portfolios in February and March, while cutting their exposure to South Korean equities, according to HSBC Holdings. The reallocation also came at the expense of Indian stocks during the period, with the country’s weighting in Asian funds hitting a new low, HSBC analysts Prerna Garg and Herald van der Linde said in a report on Tuesday, without giving details. The report was based on data... https://www.scmp.com/business/china-business/article/3350997/asian-emerging-market-funds-rotate-mainland-china-and-taiwan-stocks-hsbc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350997/asian-emerging-market-funds-rotate-mainland-china-and-taiwan-stocks-hsbc?utm_source=rss_feed Wed, 22 Apr 2026 23:00:09 +0000