https://www.scmp.com/rss/309255/feed Xiaomi designs and sells smartphones, tablets, fitness trackers, and apps. Since its launch in Beijing in 2010, the company has gone on to become one of the largest smartphone manufacturers in the world, challenging Apple and Samsung for market share, particularly in China and Southeast Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Alice Li Alice Li Shortly after US President Donald Trump departed Beijing, China’s ruling Communist Party has called for strengthening the real economy – particularly manufacturing – to gain a competitive edge in the global economy. An article in Qiushi, set to be published on Saturday, curated selections from past speeches by President Xi Jinping to reiterate “our economy was built on the real economy and it must continue to rely on it for the future,” state-run news agency Xinhua reported on Friday. “At... https://www.scmp.com/economy/china-economy/article/3353732/after-trump-visit-chinas-top-party-journal-doubles-down-manufacturing-push?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3353732/after-trump-visit-chinas-top-party-journal-doubles-down-manufacturing-push?utm_source=rss_feed Fri, 15 May 2026 10:59:50 +0000 Josephine Ma,Cao Jiaxuan Josephine Ma,Cao Jiaxuan The meeting may have been delayed but when the summit between Chinese President Xi Jinping and his US counterpart Donald Trump took place on Thursday, it yielded a forward-looking agreement. Sitting down for talks at the Great Hall of the People in central Beijing, the two leaders agreed to make stability a key goal of relations over the next three years – and beyond, according to state media. Trump also invited Xi and first lady Peng Liyuan to visit the White House, setting the date for... https://www.scmp.com/news/china/diplomacy/article/3353608/xi-and-trump-set-sights-stability-china-and-us-note-caution?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353608/xi-and-trump-set-sights-stability-china-and-us-note-caution?utm_source=rss_feed Thu, 14 May 2026 16:02:44 +0000 Themis Qi Themis Qi Surging oil prices are prompting Chinese buyers to shift to battery electric vehicles (BEVs), which dominated April sales rankings by taking nine out of the top 10 spots – a new high in China’s electrification drive. Only one petrol car model was among the bestsellers across all power trains, with Geely’s Binyue in eighth place on sales of 14,923 units, according to data from automotive platform Dongchedi. The rest were BEVs, which produce zero tailpipe emissions. It marked a sharp retreat in... https://www.scmp.com/business/china-evs/article/3353525/geely-xiaomi-lead-pack-battery-evs-top-china-sales-rising-oil-costs?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3353525/geely-xiaomi-lead-pack-battery-evs-top-china-sales-rising-oil-costs?utm_source=rss_feed Thu, 14 May 2026 07:30:05 +0000 Howard Liu Howard Liu Chinese memory module manufacturers are accelerating the release of consumer and enterprise storage products powered by domestic DDR5 chips, as breakthroughs by ChangXin Memory Technologies (CXMT), the nation’s leading memory chipmaker, filter through the supply chain. Powev, one of China’s major memory module vendors, recently said its Sinker-branded DDR5 server memories had entered mass production and delivery. The 64GB DDR5-5600 RDIMM product passed testing by multiple major customers and was... https://www.scmp.com/tech/tech-trends/article/3353464/chinese-memory-module-makers-ramp-production-cxmt-ddr5-breakthrough-hits-market?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3353464/chinese-memory-module-makers-ramp-production-cxmt-ddr5-breakthrough-hits-market?utm_source=rss_feed Wed, 13 May 2026 23:30:05 +0000 Themis Qi Themis Qi Six-seat premium electric sport utility vehicles (SUVs) are emerging as an unlikely game changer in China’s automotive market, with more than a dozen new locally developed models set to challenge German luxury brands this year. The spacious vehicles, increasingly popular among wealthy families in mainland China, could drive a rebound in the world’s largest car and electric vehicle (EV) market as they combined Chinese EVs’ technological edge with competitive pricing, according to Morgan... https://www.scmp.com/business/china-evs/article/3353028/chinese-6-seat-electric-suvs-stand-out-amid-weak-domestic-sales-says-morgan-stanley?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3353028/chinese-6-seat-electric-suvs-stand-out-amid-weak-domestic-sales-says-morgan-stanley?utm_source=rss_feed Sun, 10 May 2026 23:00:10 +0000 Wency Chen Wency Chen A desk with a laptop and a stack of books. A shirt waiting to be folded. A kitchen counter, a milk-tea stand and pile of building blocks – all in a single room. Robots of different shapes face their tasks with focus, controlled by a human operator. Pick up. Place. Fold. Repeat. This is not a film set, it is a data collection factory for embodied intelligence – a de facto “data foundry”. The facility, in Shanghai’s Zhangjiang hi-tech zone, is run by Agibot, a fast-rising robotics company. The... https://www.scmp.com/tech/big-tech/article/3351817/hype-or-real-cash-flow-chinas-robot-boom-faces-reality-check-commercialisation-lags?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351817/hype-or-real-cash-flow-chinas-robot-boom-faces-reality-check-commercialisation-lags?utm_source=rss_feed Tue, 05 May 2026 03:00:06 +0000 Eunice Xu Eunice Xu Robots are beginning to reshape everyday life in China as the country accelerates its embrace of embodied artificial intelligence, handling tasks from cleaning homes and directing traffic to repairing equipment in hazardous factory settings. Embodied AI refers to AI embedded in physical machines, such as robots, that can sense their environment, make decisions and act in the real world. A cleaning service that launched in March on 58.com, a Chinese classifieds platform, pairs a human cleaner... https://www.scmp.com/tech/tech-trends/article/3352368/chinas-robots-step-real-world-roles-cleaning-directing-traffic?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3352368/chinas-robots-step-real-world-roles-cleaning-directing-traffic?utm_source=rss_feed Tue, 05 May 2026 00:00:17 +0000 Themis Qi Themis Qi Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home. BYD, the world’s largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday. However, compared with March, April’s sales figure was nearly 7 per cent higher, while the year-on-year decline was nearly five... https://www.scmp.com/business/china-evs/article/3352384/chinese-ev-sales-edge-higher-april-despite-weakening-domestic-demand?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3352384/chinese-ev-sales-edge-higher-april-despite-weakening-domestic-demand?utm_source=rss_feed Mon, 04 May 2026 10:59:38 +0000 Yulu Ao Yulu Ao Shares of Xiaomi jumped in Hong Kong on Monday after the Chinese smartphone and electric-vehicle (EV) maker reported robust growth in its EV business, though analysts cautioned that broader headwinds could limit revenue upside. The stock rose as much as 11 per cent in early trade before closing 6.8 per cent higher at HK$30.98. Turnover reached HK$7.3 billion (US$931 million), placing it among the most actively traded counters on the city’s main board. The rally followed data showing Xiaomi’s EV... https://www.scmp.com/business/china-business/article/3352336/full-charge-xiaomi-shares-surge-ev-sales-boost?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352336/full-charge-xiaomi-shares-surge-ev-sales-boost?utm_source=rss_feed Mon, 04 May 2026 07:15:10 +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 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 Minxiao Chang Minxiao Chang As Chinese artificial intelligence companies continue to push for the adoption of their flagship models overseas, they have taken on a new role as a key source of so-called “token exports” to the global market. Chinese AI models accounted for four of the top 10 models in terms of token consumption on popular AI model marketplace OpenRouter from March 18 to April 18, highlighting their growing visibility in global developer usage of AI systems. Domestic token demand has been surging at an... https://www.scmp.com/tech/article/3351011/can-token-exports-give-china-edge-ai-era?utm_source=rss_feed https://www.scmp.com/tech/article/3351011/can-token-exports-give-china-edge-ai-era?utm_source=rss_feed Wed, 22 Apr 2026 14:00:09 +0000 The Korea Times The Korea Times South Korean President Lee Jae Myung, Indian Prime Minister Narendra Modi and Samsung Electronics chairman Lee Jae-yong posed for a widely shared selfie in New Delhi on Monday, drawing attention to the optics of “selfie diplomacy” at a Korea-India summit. The photo was taken during a state lunch using Samsung’s latest foldable smartphone, the Galaxy Z Flip7. The image quickly went viral online on social media and was picked up by multiple media outlets. The moment comes months after Lee drew... https://www.scmp.com/news/asia/south-asia/article/3350837/after-xi-south-koreas-lee-brings-modi-selfie-diplomacy-frame?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3350837/after-xi-south-koreas-lee-brings-modi-selfie-diplomacy-frame?utm_source=rss_feed Tue, 21 Apr 2026 06:35:07 +0000 Iris Deng Iris Deng Huawei Technologies has launched its first artificial intelligence glasses, as the Shenzhen-based tech giant joins an intensifying battle with US leader Meta and domestic peers including Alibaba Group Holding and Rokid in smart eyewear. Priced from 2,499 yuan (US$367), the new eyewear weighed just 35.5 grams and featured various AI functions ranging from voice interaction to payments, Huawei said in a launch event. Powered by Huawei’s self-developed chip designed for eyewear, the glasses enable... https://www.scmp.com/tech/tech-trends/article/3350768/chinas-huawei-debuts-ai-glasses-challenge-meta-alibaba-and-rokid-crowded-arena?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350768/chinas-huawei-debuts-ai-glasses-challenge-meta-alibaba-and-rokid-crowded-arena?utm_source=rss_feed Mon, 20 Apr 2026 14:00:13 +0000 Coco Feng Coco Feng Huawei Technologies claimed the top spot in China’s smartphone market in the first quarter with its highest share in five years, while Apple saw the strongest growth among the top six players, despite a global memory chip crunch. Huawei held a 20 per cent share in the first three months, the highest since the fourth quarter of 2020, according to a Friday report by Counterpoint Research. Chinese government subsidies that offered a 15 per cent discount for gadgets under 6,000 yuan (US$880), along... https://www.scmp.com/tech/tech-trends/article/3350566/huawei-retains-lead-china-smartphone-market-apple-shipments-surge-first-quarter?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350566/huawei-retains-lead-china-smartphone-market-apple-shipments-surge-first-quarter?utm_source=rss_feed Sat, 18 Apr 2026 08:00:37 +0000 Meredith Chen Meredith Chen China and Spain should work closely to resist “the law of the jungle” and defend true multilateralism in a turbulent world caught in “a contest between justice and power”, Chinese President Xi Jinping told visiting Spanish Prime Minister Pedro Sanchez in a meeting on Tuesday. The meeting came after both sides strongly condemned the US-Israel military actions on Iran and criticised the US blockade of Iranian ports. Sanchez, who landed in Beijing on Saturday for a five-day trip, is on his fourth... https://www.scmp.com/news/china/diplomacy/article/3350026/xi-calls-spain-jointly-resist-law-jungle-turbulent-world?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350026/xi-calls-spain-jointly-resist-law-jungle-turbulent-world?utm_source=rss_feed Tue, 14 Apr 2026 09:00:13 +0000 Daniel Ren Daniel Ren A pivotal year for self-driving cars has begun in China, with the first “hands off” models approved to ply public roads, carmakers gearing up to mass-produce them and the first mandatory safety standards for autonomous vehicles out for public comment. The first carmakers were given the go-ahead in mid-December to build electric vehicle (EV) models with Level 3 (L3) autonomous driving capability. On an international scale from L0 to L5, an L3 autonomous vehicle can operate independently under... https://www.scmp.com/plus/business/china-evs/article/3349837/chinese-carmakers-gear-l3-self-driving-roll-out?utm_source=rss_feed https://www.scmp.com/plus/business/china-evs/article/3349837/chinese-carmakers-gear-l3-self-driving-roll-out?utm_source=rss_feed Mon, 13 Apr 2026 03:40:07 +0000 Carol Yang Carol Yang Beijing has promised to restore direct flights between the Chinese mainland and Taiwan following a visit by the leader of the main opposition party. The 10-point measures, which also include a pledge to ease restrictions on individuals travelling to the island, were announced on Sunday as Kuomintang chairwoman Cheng Li-wun concluded her visit to the mainland. Her trip, which began on Tuesday, included a meeting with Xi Jinping – the first between the leaders of the Communist Party and KMT in... https://www.scmp.com/news/china/politics/article/3349782/beijing-pledges-better-taiwan-air-and-travel-links-after-kmt-leaders-mainland-china-trip?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3349782/beijing-pledges-better-taiwan-air-and-travel-links-after-kmt-leaders-mainland-china-trip?utm_source=rss_feed Sun, 12 Apr 2026 07:07:49 +0000 Minxiao Chang Minxiao Chang Chinese artificial intelligence company Zhipu AI open-sourced its latest flagship model, GLM-5.1, on Wednesday while raising application programming interface prices by 10 per cent, signalling a shift towards monetising advanced AI capabilities as competition with US rivals intensifies. The move marked Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates for its coding subscription plans by more than 30 per cent. While the latest adjustment was more... https://www.scmp.com/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed Wed, 08 Apr 2026 13:00:27 +0000 Wency Chen Wency Chen Rokid, a Hangzhou-based maker of smart glasses, is preparing to file for a Hong Kong listing as early as the end of April, according to sources familiar with the matter, as artificial intelligence-powered eyewear gains traction in the mainstream market. The planned listing comes as global and domestic technology groups including Meta Platforms and Apple, as well as China’s Alibaba Group Holding – through the brand name Quark – Baidu, Xiaomi and Huawei Technologies, all rush into the market.... https://www.scmp.com/tech/tech-trends/article/3349267/chinese-ai-glasses-maker-rokid-planning-hong-kong-ipo-sources?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3349267/chinese-ai-glasses-maker-rokid-planning-hong-kong-ipo-sources?utm_source=rss_feed Tue, 07 Apr 2026 11:30:08 +0000 Vincent Chow Vincent Chow Chinese tech companies are engaged in a public war of words as they compete to capitalise on US start-up Anthropic’s decision to pull its industry-leading Claude models from open-source AI agent tool OpenClaw. The development comes as AI agents have triggered a huge increase in demand for AI tokens – the core metric of AI usage – raising questions about the long-term ability of industry players to meet this demand amid a growing global crunch in computational power. On Sunday, Anthropic... https://www.scmp.com/tech/tech-trends/article/3349146/chinese-ai-rivals-clash-over-anthropics-openclaw-exit-amid-global-token-crunch?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3349146/chinese-ai-rivals-clash-over-anthropics-openclaw-exit-amid-global-token-crunch?utm_source=rss_feed Mon, 06 Apr 2026 07:58:08 +0000 Vincent Chow Vincent Chow Facebook owner Meta Platforms has recruited a Chinese industry veteran with experience across artificial intelligence, humanoid robots and extended reality to lead a new hardware team in its superintelligence unit. Xu Rui, a former product manager at Tencent Holdings and TikTok owner ByteDance, would lead a team developing AI devices separately from Meta’s Reality Labs division, which was responsible for the company’s popular smart glasses and virtual reality headsets, US outlet Business Insider... https://www.scmp.com/tech/tech-trends/article/3349081/who-xu-rui-ex-bytedance-executive-tapped-meta-lead-ai-hardware?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3349081/who-xu-rui-ex-bytedance-executive-tapped-meta-lead-ai-hardware?utm_source=rss_feed Sun, 05 Apr 2026 08:52:22 +0000 Wency Chen Wency Chen Xiaomi has raised prices on several smartphone models, joining a broader wave of increases across China’s handset makers as surging memory chip costs ripple through the global consumer electronics supply chain. The company said on Friday that prices for three models would rise by about 200 yuan (US$29), with the adjustments taking effect next Saturday. The move follows similar increases by domestic peers including Oppo, Vivo and Honor in March. Xiaomi attributed the hike to “continued sharp... https://www.scmp.com/tech/article/3348944/xiaomi-lifts-handset-prices-memory-chip-crunch-ripples-through-supply-chain?utm_source=rss_feed https://www.scmp.com/tech/article/3348944/xiaomi-lifts-handset-prices-memory-chip-crunch-ripples-through-supply-chain?utm_source=rss_feed Fri, 03 Apr 2026 11:00:13 +0000 Vincent Chow Vincent Chow Chinese companies including Alibaba Cloud and Zhipu AI have opted not to open-source some of their latest artificial intelligence models as they look to capture the full value of their usage through official revenue generating channels. While none of the companies have said that they are moving away from their open-source strategies, the development reflects an industry trend where the most powerful models are growing in size, making them increasingly difficult to host on local hardware. This... https://www.scmp.com/tech/big-tech/article/3348844/chinese-ai-giants-pivot-toward-proprietary-models-drive-revenue-performance?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3348844/chinese-ai-giants-pivot-toward-proprietary-models-drive-revenue-performance?utm_source=rss_feed Thu, 02 Apr 2026 13:07:42 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. The Iran war could widen China’s EV lead over its global rivals. Here’s why Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles... https://www.scmp.com/business/china-evs/article/3348606/chinas-electric-cars-and-iran-war-byds-profit-run-ends-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348606/chinas-electric-cars-and-iran-war-byds-profit-run-ends-7-ev-reads?utm_source=rss_feed Wed, 01 Apr 2026 07:30:07 +0000 Ben Jiang Ben Jiang Apple’s accidental roll-out on Tuesday of its highly anticipated Apple Intelligence feature in mainland China – which has yet to receive regulatory approval – before swiftly pulling it could raise the ire of regulators and expose the US tech giant to potential penalties, an industry expert warned. The brief release could have violated local rules on artificial intelligence security evaluations, algorithm filings and data protection, according to You Yunting, a Shanghai-based intellectual... https://www.scmp.com/tech/policy/article/3348527/apples-accidental-ai-feature-roll-out-china-risks-regulatory-backlash-expert-says?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3348527/apples-accidental-ai-feature-roll-out-china-risks-regulatory-backlash-expert-says?utm_source=rss_feed Tue, 31 Mar 2026 10:00:39 +0000 Vincent Chow Vincent Chow Chinese tech giants Xiaomi and Alibaba Group Holding have launched spring recruitment drives amid fierce competition for the talent driving the global artificial intelligence boom. The campaigns come as the smartphone and e-commerce giants, respectively, look to increasingly position themselves as AI-first firms, amid growing commercial pressures in their traditional businesses. In a Weibo post on Monday, Xiaomi founder and CEO Lei Jun said the company’s global recruitment campaign would target... https://www.scmp.com/tech/big-tech/article/3348434/xiaomi-alibaba-ramp-ai-recruitment-amid-global-talent-war?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3348434/xiaomi-alibaba-ramp-ai-recruitment-amid-global-talent-war?utm_source=rss_feed Mon, 30 Mar 2026 14:00:14 +0000 Themis Qi Themis Qi The era of price wars in China’s electric vehicle (EV) market is giving way to a new contest: who can deliver better technology at the same price. On a cloudy evening in March, Shenzhen-based BYD put forward its answer with the unveiling of a battery capable of charging from 10 to 70 per cent in just five minutes – and to 97 per cent in nine minutes. The company said it would apply the technology to models priced as low as 155,000 yuan (US$22,500) while building 20,000 charging stations this... https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed Sat, 28 Mar 2026 02:00:13 +0000 Themis Qi Themis Qi Rising memory-chip costs could reshape the smartphone industry, said Xiaomi president William Lu Weibing, after weak smartphone sales cut into the firm’s fourth-quarter profit. Memory prices were surging at a magnitude “beyond imagination”, drawing smartphone makers into a long-term price-raising cycle, Lu said on an earnings call on Tuesday. “When the price-raising cycle ends, some players may suffer significant losses or even face closure,” he said, without elaborating. However, the challenge... https://www.scmp.com/business/china-evs/article/3347728/xiaomi-profit-drops-27-weaker-smartphone-sales-chinese-firms-ev-growth-slows?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3347728/xiaomi-profit-drops-27-weaker-smartphone-sales-chinese-firms-ev-growth-slows?utm_source=rss_feed Tue, 24 Mar 2026 10:27:27 +0000 Themis Qi Themis Qi Three Chinese electric vehicle (EV) makers have raised prices for some models in response to rising supply chain costs, but analysts say the increases are unlikely to be sustained given weakening domestic demand. Xiaomi became the latest manufacturer to adjust pricing on March 19, announcing that its new-generation SU7 standard version would start at 219,900 yuan (US$31,800) – a 4,000 yuan increase over the previous model. Founder and CEO Lei Jun had attributed the rise to aggressive surges in... https://www.scmp.com/business/banking-finance/article/3347527/three-chinese-ev-makers-raise-prices-analysts-warn-weak-demand-could-force-reversal?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347527/three-chinese-ev-makers-raise-prices-analysts-warn-weak-demand-could-force-reversal?utm_source=rss_feed Mon, 23 Mar 2026 23:30:08 +0000 Wency Chen Wency Chen China’s Unitree Robotics has filed for a long-awaited initial public offering (IPO) on Shanghai’s Star Market, seeking to raise about 4.2 billion yuan (US$607.8 million). Widely seen as a bellwether for China’s emerging humanoid robotics industry, Unitree’s listing, if approved, could become a landmark test of investor appetite for so-called embodied AI companies. Here is what you need to know about Unitree, including how it makes a profit while peers are still burning cash, its shareholder... https://www.scmp.com/tech/article/3347611/inside-unitrees-landmark-ipo-what-know-about-chinas-humanoid-giant?utm_source=rss_feed https://www.scmp.com/tech/article/3347611/inside-unitrees-landmark-ipo-what-know-about-chinas-humanoid-giant?utm_source=rss_feed Mon, 23 Mar 2026 13:45:08 +0000 Wency Chen Wency Chen “Tokens are the new commodity,” said Nvidia CEO Jensen Huang, clad in his iconic leather jacket, at the company’s annual flagship developer conference, GTC, last week in San Jose, California. The chip designer’s helmsman wants to recast his company not as a silicon vendor but as the architect of what he calls “AI [artificial intelligence] factories”, whose standard product is “token”. While Nvidia is busy writing the rules of a new token economy, a parallel debate is emerging in China around the... https://www.scmp.com/tech/big-tech/article/3347495/how-china-could-dominate-ai-eras-tokenomics-vast-power-grids-and-low-cost-models?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3347495/how-china-could-dominate-ai-eras-tokenomics-vast-power-grids-and-low-cost-models?utm_source=rss_feed Sun, 22 Mar 2026 23:30:22 +0000 Ji Siqi Ji Siqi China’s artificial intelligence breakthroughs in recent years stemmed from the country’s strategic strengthening of its power grid, commitment to open-source models and complete manufacturing supply chain, according to Joe Tsai, chairman of Alibaba Group Holding. “Currently, geopolitical complexities are deeply affecting supply chain security and the sharing of technological achievements,” Tsai said in a speech on Sunday at the China Development Forum 2026 in Beijing. “In this era and... https://www.scmp.com/economy/china-economy/article/3347485/alibaba-chairman-joe-tsai-credits-chinas-ai-edge-power-grid-open-source-models?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347485/alibaba-chairman-joe-tsai-credits-chinas-ai-edge-power-grid-open-source-models?utm_source=rss_feed Sun, 22 Mar 2026 11:46:56 +0000 Themis Qi Themis Qi Xiaomi’s updated SU7 electric vehicle (EV) is expected to bite into the market share of Tesla and some domestic rivals in China, as demand weakens and regulators tighten oversight. Founder and CEO Lei Jun on Thursday announced official pricing for the new-generation smart sedan, with the standard edition starting at 219,900 yuan (US$31,900) and the pro and max variants set at 249,900 yuan and 303,900 yuan, respectively. The figures are 10,000 yuan lower than pre-sale estimates, but 4,000 yuan... https://www.scmp.com/business/china-evs/article/3347259/xiaomis-new-generation-su7-launch-sparks-fresh-ev-fight-tesla-china?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3347259/xiaomis-new-generation-su7-launch-sparks-fresh-ev-fight-tesla-china?utm_source=rss_feed Fri, 20 Mar 2026 05:29:50 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks extended declines to cap a third consecutive weekly loss, as escalating Middle East tensions added volatility and Alibaba Group Holding reported a slump in earnings. The Hang Seng Index fell 0.9 per cent to 25,277.32 at the close on Friday, down 0.7 per cent for the week. The Hang Seng Tech Index dropped 1.3 per cent. On the mainland, the Shanghai Composite Index slid 1.2 per cent, closing below the 4,000-point mark for the first time this year, while the CSI 300 Index retreated... https://www.scmp.com/business/china-business/article/3347229/hong-kong-stocks-waver-oil-swings-middle-east-tensions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347229/hong-kong-stocks-waver-oil-swings-middle-east-tensions?utm_source=rss_feed Fri, 20 Mar 2026 02:02:46 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose for a second day on Tuesday, tracking Wall Street’s gains, as oil prices steadied after a sharp overnight decline, easing concerns over inflation and geopolitical tensions. The Hang Seng Index added 0.1 per cent to 25,868.54 at the close of trading, after rising as much as 1.6 per cent in the morning. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index lost 0.7 per cent and the Shanghai Composite Index declined 0.9 per cent. E-commerce giant... https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed Tue, 17 Mar 2026 01:58:50 +0000 Iris Deng Iris Deng Chinese tech giant Tencent Holdings has become a sponsor of OpenClaw after public complaints from the creator of the popular open-source artificial intelligence agent. Tencent and its cloud computing unit officially became sponsors of OpenClaw on Monday, as featured on the project’s GitHub page alongside OpenAI and Chinese AI giant Baidu. The GitHub page has a section that lists the project’s sponsors. Earlier on Sunday, an account belonging to Tencent Cloud Lighthouse – the tech giant’s team... https://www.scmp.com/tech/tech-trends/article/3346796/tencent-sponsors-openclaw-after-creators-complaints-copying?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346796/tencent-sponsors-openclaw-after-creators-complaints-copying?utm_source=rss_feed Mon, 16 Mar 2026 14:44:50 +0000 Iris Deng Iris Deng China’s industrial robot production accelerated in the first two months of the year, according to government data, amid Beijing’s policy support and industry efforts to promote wider adoption. China produced 143,608 industrial robots in January and February, an increase of 31 per cent from the same period last year, according to data from the National Bureau of Statistics (NBS) on Monday. The growth outpaced the 27 per cent increase in the same period last year, when production totalled 91,088... https://www.scmp.com/tech/tech-trends/article/3346775/chinas-industrial-robot-output-accelerates-factories-ramp-deployment?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346775/chinas-industrial-robot-output-accelerates-factories-ramp-deployment?utm_source=rss_feed Mon, 16 Mar 2026 13:30:11 +0000 Wency Chen Wency Chen Chinese smartphone maker Vivo on Monday said it will increase handset prices, citing surging semiconductor and memory costs, joining peers such as Oppo and Honor. Vivo, along with its sub-brand iQOO, will adjust prices from Wednesday, though the scale has not yet been disclosed. The move came in response to the “continued sharp rise in global semiconductor and memory costs”, the company said. Last week, Oppo said it would adjust prices, with the new pricing taking effect on Monday. “We... https://www.scmp.com/tech/tech-trends/article/3346758/chinese-smartphone-makers-vivo-oppo-raise-prices-memory-costs-surge?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346758/chinese-smartphone-makers-vivo-oppo-raise-prices-memory-costs-surge?utm_source=rss_feed Mon, 16 Mar 2026 10:30:08 +0000 Zhu Wenqian Zhu Wenqian Several years ago, prime ground-floor spaces in major shopping malls across Beijing and Shanghai’s business districts were commonly occupied by electric vehicle (EV) showrooms, with staff often escorting customers to car parks for test drives. Many of these stores have now closed amid sluggish EV sales – yet mall owners have not been left disappointed. Instead, a new retail landscape is emerging, filled with tenants who are proving to be even more effective at drawing crowds and boosting rental... https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed Sun, 15 Mar 2026 04:00:12 +0000 Ben Jiang Ben Jiang By the time software programmer Guo Cancan realised something had gone horribly wrong with OpenClaw – the task-executing AI agent that has ignited a fervour across China – the damage was already done. While on holiday over the Chinese New Year, Guo was tinkering with the autonomous open-source program. When he attempted to resolve an error that it had made, OpenClaw responded by deleting nearly everything on his computer’s D: drive – a major storage partition – wiping out years of personal data... https://www.scmp.com/tech/tech-trends/article/3346513/inside-openclaw-mania-gripping-china-security-fears-surge-alongside-enthusiasm?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346513/inside-openclaw-mania-gripping-china-security-fears-surge-alongside-enthusiasm?utm_source=rss_feed Fri, 13 Mar 2026 22:00:14 +0000 Themis Qi Themis Qi Tesla has emerged as a rare outlier in China’s slowing electric vehicle (EV) market, posting a massive sales surge in February even as domestic leaders like BYD grapple with double-digit declines. The US carmaker’s Shanghai Gigafactory delivered nearly 58,600 vehicles to Chinese buyers last month, up 91 per cent compared with the same period last year, according to data from automotive platform Dongchedi. Sales of Model Y stood at 41,404 units, while Model 3 accounted for 17,195 units. Starting... https://www.scmp.com/business/china-evs/article/3346435/teslas-91-february-sales-jump-china-defies-overall-market-slowdown?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346435/teslas-91-february-sales-jump-china-defies-overall-market-slowdown?utm_source=rss_feed Fri, 13 Mar 2026 03:32:25 +0000 Carol Yang Carol Yang India has relaxed curbs on Chinese investments in certain sectors to attract more foreign capital, as Beijing and New Delhi continue to gradually repair their economic relationship after years of tense relations. In a cabinet statement released on Tuesday, New Delhi introduced a fast-track approval mechanism for investments from land-bordering countries – including China. The move amends a previous restriction that had mandated government scrutiny for all such capital inflows. Under the new... https://www.scmp.com/economy/china-economy/article/3346213/india-opens-door-more-chinese-investment-after-6-year-freeze?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346213/india-opens-door-more-chinese-investment-after-6-year-freeze?utm_source=rss_feed Wed, 11 Mar 2026 08:34:17 +0000 Zhang Shidong Zhang Shidong Mainland Chinese investors, once perceived as a stabilising force in Hong Kong stocks, are this time adding to the market’s wild swings spurred by sharp movements in crude oil prices, flip-flopping from record selling to unprecedented buying within days. The escalating hostilities in the Middle East prompted onshore Chinese investors trading Hong Kong’s stocks through cross-border Stock Connect programmes to behave more like short-term day traders. They dumped HK$27.7 billion (US$3.5 billion)... https://www.scmp.com/business/china-business/article/3346102/middle-east-turmoil-triggers-retail-style-swings-mainland-investors-hong-kong-stocks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346102/middle-east-turmoil-triggers-retail-style-swings-mainland-investors-hong-kong-stocks?utm_source=rss_feed Wed, 11 Mar 2026 00:30:07 +0000 Coco Feng Coco Feng Chinese technology firms, including internet giants Tencent Holdings, Alibaba Group Holding and ByteDance, are offering easy or inexpensive access to OpenClaw, the popular open-source AI agent software amid a “lobster fever” in the country. Tencent on Tuesday officially launched QClaw, an artificial intelligence assistant built on OpenClaw that can connect to the company’s super app WeChat. After download and installation on a computer that takes about three minutes, users can remotely control... https://www.scmp.com/tech/article/3346090/chinese-tech-giants-offer-cheap-easy-access-openclaw-amid-lobster-fever?utm_source=rss_feed https://www.scmp.com/tech/article/3346090/chinese-tech-giants-offer-cheap-easy-access-openclaw-amid-lobster-fever?utm_source=rss_feed Tue, 10 Mar 2026 09:00:07 +0000 Enoch Yiu Enoch Yiu HSBC Holdings, Xiaomi, AIA, Pop Mart International, Tsingtao Brewery and others are among about 650 listed companies that may need to change their trading unit under proposed reforms by bourse operator Hong Kong Exchanges and Clearing (HKEX). Market participants generally support the reform as it would bring Hong Kong’s stock market trading in line with international practices and allow retail investors to more easily trade a wider range of stocks, but they also warn of challenges in... https://www.scmp.com/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed Mon, 09 Mar 2026 00:15:12 +0000 Ben Jiang Ben Jiang As global concern rises over artificial intelligence and the potential for AI agents to disrupt lives and industries, people in southern China are rushing to embrace the technology even as privacy concerns intensify. On Friday, nearly 1,000 people lined up outside Chinese tech giant Tencent Holdings’ Shenzhen headquarters to install OpenClaw – a popular open-source AI agent software – on their computers. The crowd, a mix of amateur developers, retired space engineers, housewives, students and AI... https://www.scmp.com/tech/tech-trends/article/3345865/openclaw-fever-why-china-rushing-raise-lobster?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3345865/openclaw-fever-why-china-rushing-raise-lobster?utm_source=rss_feed Sun, 08 Mar 2026 14:00:08 +0000 Iris Deng Iris Deng The mobile industry buzzed with excitement over the artificial intelligence revolution showcased at MWC Barcelona 2026, but the optimism was overshadowed by the Middle East crisis and a memory crunch that could reshape the global smartphone supply chain. The AI showcase drew a large crowd, including King Felipe VI of Spain, to the booth of Chinese smartphone maker Honor, which displayed its “Robot Phone” with a built-in camera gimbal designed to become a companion to users. “This brings a... https://www.scmp.com/tech/big-tech/article/3345760/middle-east-crisis-global-memory-crunch-dim-ai-smartphone-buzz-mwc-2026?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3345760/middle-east-crisis-global-memory-crunch-dim-ai-smartphone-buzz-mwc-2026?utm_source=rss_feed Sun, 08 Mar 2026 04:00:10 +0000 Reuters,Bloomberg Reuters,Bloomberg Chinese-American tech billionaire Lin Bin bought a small ⁠stake in ⁠the National Football League’s Miami Dolphins at a ⁠valuation of US$12.5 billion, a record for a publicly known minority transaction, Sportico reported on Tuesday. Bin is acquiring a 1 per cent stake in the holding company that owns ‌the Dolphins, Hard Rock Stadium, Formula One’s Miami Grand Prix and part of the Miami Open tennis tournament. The previous top valuation for a minority transaction was US$10 billion, set in October,... https://www.scmp.com/sport/other-sport/article/3345409/chinese-billionaire-lin-bin-buys-stake-miami-dolphins-valued-us125-billion-report?utm_source=rss_feed https://www.scmp.com/sport/other-sport/article/3345409/chinese-billionaire-lin-bin-buys-stake-miami-dolphins-valued-us125-billion-report?utm_source=rss_feed Wed, 04 Mar 2026 11:00:14 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao China’s tech leaders, including Xiaomi’s Lei Jun, 360 Security Technology’s Zhou Hongyi and Xpeng’s He Xiaopeng, have put forward policy proposals ahead of the “two sessions”, as Beijing seeks to accelerate development in strategic sectors such as artificial intelligence and robotics. The executives aim to promote the industrial use of humanoid robots, speed up the deployment of AI agents and expand computing infrastructure – areas increasingly viewed as key battlegrounds in the global... https://www.scmp.com/tech/policy/article/3345372/chinas-tech-leaders-urge-faster-ai-humanoid-robot-adoption-two-sessions-proposals?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3345372/chinas-tech-leaders-urge-faster-ai-humanoid-robot-adoption-two-sessions-proposals?utm_source=rss_feed Wed, 04 Mar 2026 06:37:05 +0000