https://www.scmp.com/rss/318710/feed Founded by Richard Liu Qiangdong in 1998, JD.com’s business-to-consumer (B2C) e-commerce platform has become China’s second largest online B2C retailers, specialising in electronics, smartphones, and gadgets. JD.com is a key rival of Alibaba’s e-commerce platforms Tmall and Taobao. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Coco Feng Coco Feng Behind China’s landmark crackdown on the e-commerce and food-delivery sectors lies a darker narrative of resistance, secrecy and violence, after regulators uncovered a vast network of “ghost” bakeries and imposed a record fine on seven major platforms. The State Administration for Market Regulation (SAMR) levied a 3.6 billion yuan (US$528 million) fine on seven platforms run by PDD Holdings, Meituan, JD.com, Alibaba Group Holding and ByteDance, with the probe revealing a hidden office, violent... https://www.scmp.com/tech/policy/article/3350891/hidden-office-fractured-bone-violent-resistance-behind-chinas-record-food-safety-fine?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3350891/hidden-office-fractured-bone-violent-resistance-behind-chinas-record-food-safety-fine?utm_source=rss_feed Tue, 21 Apr 2026 12:00:09 +0000 Ji Siqi,Coco Feng,Wency Chen Ji Siqi,Coco Feng,Wency Chen China’s State Administration for Market Regulation (SAMR) has levied more than 3.6 billion yuan (US$527.3 million) in fines on seven e-commerce and food delivery platforms and their representatives following an investigation, the regulator announced on Friday. SAMR said the seven platforms, which included retail and food delivery mainstays Pinduoduo (PDD), Meituan and JD.com, failed to properly verify food vendor licences and knowingly allowed unverified “ghost” catering services to operate. The... https://www.scmp.com/tech/policy/article/3350444/chinas-e-commerce-platforms-hit-36b-yuan-fine-food-safety-violations?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3350444/chinas-e-commerce-platforms-hit-36b-yuan-fine-food-safety-violations?utm_source=rss_feed Fri, 17 Apr 2026 08:11:57 +0000 Yulu Ao Yulu Ao Chinese e-commerce major JD.com has priced a 10 billion yuan (US$1.5 billion) dual-tranche offshore bond offering, as issuers from mainland China return to the currency amid improving funding conditions. The Beijing-based e-commerce giant said in a filing to the Hong Kong stock exchange on Thursday that the dim sum bond – yuan-denominated notes issued outside the mainland – comprises 7.5 billion yuan of five-year senior unsecured notes carrying a 2.05 per cent coupon, and 2.5 billion yuan of... https://www.scmp.com/business/china-business/article/3348747/chinas-jdcom-returns-dim-sum-bond-market-10b-yuan-offering?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348747/chinas-jdcom-returns-dim-sum-bond-market-10b-yuan-offering?utm_source=rss_feed Thu, 02 Apr 2026 04:30:09 +0000 Mia Nurmamat Mia Nurmamat As the country with the world’s largest cohort of billionaires, China is no stranger to wealthy elites engaging in luxurious leisure activities, but one common pastime in the West does not seem to have attracted a commensurate level of interest across the Pacific – yachting. While Chinese e-commerce billionaire Richard Liu recently announced a multibillion-dollar investment in a new yacht company, regulatory hurdles and infrastructure gaps have kept China’s wealthiest individuals from fully... https://www.scmp.com/economy/china-economy/article/3346817/chinas-high-end-yacht-owners-say-industry-growth-stifled-structural-gaps?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346817/chinas-high-end-yacht-owners-say-industry-growth-stifled-structural-gaps?utm_source=rss_feed Sun, 29 Mar 2026 08:00:10 +0000 Ben Jiang,Ann Cao Ben Jiang,Ann Cao Chinese food and on-demand delivery giant Meituan reported on Thursday its second consecutive quarterly loss since 2022, as intense competition and a prolonged price war with Alibaba Group Holding and JD.com last year squeezed margins. The company reported a 15 billion yuan (US$2.2 billion) adjusted net loss – worse than the 12.9 billion yuan average estimate by analysts – for the fourth quarter ended December 31, compared with adjusted net profit of 9.8 billion yuan a year earlier. Its... https://www.scmp.com/tech/big-tech/article/3348017/meituan-posts-second-consecutive-quarterly-loss-amid-costly-instant-commerce-battle?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3348017/meituan-posts-second-consecutive-quarterly-loss-amid-costly-instant-commerce-battle?utm_source=rss_feed Thu, 26 Mar 2026 10:22:19 +0000 Julie Zhang Julie Zhang At least 10 weight-loss injections and oral pills are lining up for regulatory approval in China, in a market projected to reach about US$14 billion by 2030. Novo Nordisk’s blockbuster semaglutide, which generated about US$35 billion in global revenue last year, lost patent protection in China on March 20, clearing the way for rivals. The rush comes as China’s drug regulator accelerates approvals of innovative therapies, helped by a surge in out-licensing deals with global pharmaceutical... https://www.scmp.com/business/china-business/article/3347869/chinas-weight-loss-drug-makers-take-global-giants-novo-nordisk-patent-expires?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347869/chinas-weight-loss-drug-makers-take-global-giants-novo-nordisk-patent-expires?utm_source=rss_feed Thu, 26 Mar 2026 03:00:08 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday, led by technology heavyweights, as improving sentiment towards the sector offset concerns over prolonged tensions in the Middle East, after prominent investor Michael Burry suggested the city’s tech shares may be undervalued. The Hang Seng Index gained 1.5 per cent to 25,834.02 at the close of trading, reversing the 1 per cent loss recorded on Friday. The Hang Seng Tech Index gained 2.7 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the... https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed Mon, 16 Mar 2026 01:57:31 +0000 Aileen Chuang Aileen Chuang HSBC and a joint venture led by Standard Chartered are expected to be among the first companies to obtain Hong Kong’s stablecoin licences within two weeks, according to people familiar with the matter. The number of licences and timetable had yet to be finalised and remained subject to change, but sources said a possible date was March 24. The two banks declined to comment. The Hong Kong Monetary Authority (HKMA) last month revealed that a small number of stablecoin licences would be granted... https://www.scmp.com/business/cryptocurrency/article/3346311/hong-kong-poised-grant-first-stablecoin-licences-hsbc-standard-chartered-sources?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3346311/hong-kong-poised-grant-first-stablecoin-licences-hsbc-standard-chartered-sources?utm_source=rss_feed Thu, 12 Mar 2026 09:00:08 +0000 Zhang Shidong Zhang Shidong Overseas expansion and a commodity boom have put Chinese companies trading on the mainland in a position to beat their offshore-listed peers in earnings, cementing the outperformance of yuan-denominated stocks since the outbreak of Middle East hostility. The 300 largest mainland-traded companies may post average 2025 profit growth of 6.3 per cent during the coming earnings season, while the growth rate for the firms in the Hong Kong exchange’s benchmark Hang Seng Index would be a mere 2 per... https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed Wed, 11 Mar 2026 23:30:08 +0000 Ben Jiang Ben Jiang Chinese e-commerce giant JD.com reported a 2.7 billion yuan (US$392 million) loss in the fourth quarter and a halving of annual profit amid an ongoing food delivery battle it ignited last year. The fourth-quarter loss contrasted with a profit of 9.9 billion yuan a year earlier, marking the company’s first quarterly loss since the start of 2022, according to its earnings results on Thursday. Profit for last year dropped nearly 53 per cent to 19.6 billion yuan. However, by non-generally accepted... https://www.scmp.com/tech/big-tech/article/3345617/jdcom-posts-first-quarterly-loss-nearly-four-years-delivery-battle-takes-toll?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3345617/jdcom-posts-first-quarterly-loss-nearly-four-years-delivery-battle-takes-toll?utm_source=rss_feed Thu, 05 Mar 2026 14:01:45 +0000 Peggy Ye Peggy Ye Hong Kong’s government-backed investment fund is being redeployed to support the city’s sluggish commercial property sector, signaling authorities’ growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city’s industrial ambitions. Attracting foreign institutions, however, might prove challenging. The city’s elevated vacancy rates, looming new completions and uncertain rental recovery have kept global funds on the sidelines,... https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed Tue, 03 Mar 2026 00:30:08 +0000 Ann Cao Ann Cao German Chancellor Friedrich Merz visited China’s eastern tech hub of Hangzhou on Thursday and met leading figures including those from Alibaba Group Holding and Unitree Robotics, signalling growing international recognition of the country’s robotics and artificial intelligence technologies. Merz had lunch and took group photos with local entrepreneurs, including Alibaba CEO Eddie Wu Yongming and Unitree founder and CEO Wang Xingxing, according to a social media account run by Chinese state... https://www.scmp.com/tech/article/3344835/germanys-merz-meets-chinas-tech-vanguard-including-alibaba-and-unitree-ceos?utm_source=rss_feed https://www.scmp.com/tech/article/3344835/germanys-merz-meets-chinas-tech-vanguard-including-alibaba-and-unitree-ceos?utm_source=rss_feed Fri, 27 Feb 2026 06:23:19 +0000 Ben Jiang Ben Jiang JD.com is making a renewed push into its online supermarket business with a subsidy programme worth more than 20 billion yuan (US$2.9 billion) over three years, a move aimed at defending its position in China’s e-commerce and on-demand grocery sectors. In a statement on Thursday, JD.com said the subsidy would cover products on a dedicated channel called “Billion-Yuan Supermarket”, under its JD Supermarket service. The aim was to help vendors generate an additional 200 billion yuan in sales over... https://www.scmp.com/tech/big-tech/article/3344738/jdcom-renews-demand-delivery-fight-us29-billion-grocery-subsidies?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3344738/jdcom-renews-demand-delivery-fight-us29-billion-grocery-subsidies?utm_source=rss_feed Thu, 26 Feb 2026 12:30:14 +0000 Luna Sun Luna Sun Richard Liu, founder of China’s retail giant JD.com, has launched a nautical brand to build out the country’s yacht industry, riding a wave of policy support to tap a fast-growing domestic market and make the vessels – traditionally associated with affluence and luxury – accessible to “everyday consumers”. Liu’s brand, Sea Expandary, signed a strategic framework agreement on Tuesday with the coastal cities of Shenzhen and Zhuhai in Guangdong, China’s southern powerhouse province, for a high-end... https://www.scmp.com/economy/china-economy/article/3344583/boat-every-dock-chinese-billionaire-unveils-plan-mass-yacht-production?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344583/boat-every-dock-chinese-billionaire-unveils-plan-mass-yacht-production?utm_source=rss_feed Wed, 25 Feb 2026 10:30:07 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company Zhipu AI’s shares fell nearly 23 per cent on Monday, wiping out more than HK$70 billion (US$9 billion) in market capitalisation as concerns mount over the Hong Kong-listed firm’s computing resources constraints. The stock slump came as Zhipu issued public calls last week to partner with computing resources providers globally, as user complaints about service quality continue to dog the firm despite frenzied investor interest in recent weeks. The shares... https://www.scmp.com/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed Mon, 23 Feb 2026 10:30:07 +0000 Vincent Chow Vincent Chow Consumer interest in robots has surged in China since several leading models appeared on stage at Monday’s Spring Festival Gala, with delivery dates pushed as far back as late April. This development follows the featuring of robots from four domestic firms – Unitree Robotics, Magiclab, Galbot and Noetix – at the event after they signed partnerships reportedly worth around 100 million yuan (US$14 million). One of the biggest beneficiaries was Hangzhou-based Unitree, whose G1 humanoid robots... https://www.scmp.com/tech/tech-trends/article/3343908/robotics-firms-see-backlog-orders-after-humanoids-steal-show-spring-festival-gala?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3343908/robotics-firms-see-backlog-orders-after-humanoids-steal-show-spring-festival-gala?utm_source=rss_feed Wed, 18 Feb 2026 11:00:12 +0000 He Huifeng He Huifeng As China’s workforce heads into another year-end bonus season ahead of the Lunar New Year, the mood is colder than in previous cycles. Unlike a few years ago, when social media was flooded with posts flaunting outsized payouts, public talk of bonuses has largely faded from view. Long viewed by Chinese employees as a barometer of corporate prospects, industry momentum and even the broader economy, the year-end bonus packages for 2025 have become smaller, rarer and far more unevenly distributed,... https://www.scmp.com/economy/china-economy/article/3342055/chinas-companies-cut-back-year-end-bonuses-profit-margins-narrow?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342055/chinas-companies-cut-back-year-end-bonuses-profit-margins-narrow?utm_source=rss_feed Tue, 17 Feb 2026 02:00:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as investors headed into the Lunar New Year holiday on an upbeat note, betting that the Year of the Horse will extend a rally that delivered the biggest lunar-year gain in eight years amid strong southbound inflows. The Hang Seng Index rose 0.5 per cent to 26,705.94 at the close of trading at noon, ending a two-day decline. The Hang Seng Tech Index added 0.1 per cent. The Hang Seng Index is up 32 per cent since the Year of the Snake began on January 29, 2025, the... https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed Mon, 16 Feb 2026 01:51:02 +0000 Ann Cao Ann Cao China’s top market regulator has summoned the country’s leading tech companies to demand an end to “involutionary” competition, at the time when the companies are pouring billions of yuan into a Lunar New Year promotional blitz to win over users for services including artificial intelligence apps. The companies summoned on Friday were Alibaba Group Holding, ByteDance’s Douyin, Baidu, Tencent Holdings, JD.com, Meituan and Taobao Instant Commerce, Alibaba’s on-demand delivery unit, the State... https://www.scmp.com/tech/big-tech/article/3343614/beijing-warns-tech-giants-curb-involution-amid-ai-giveaway-war?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3343614/beijing-warns-tech-giants-curb-involution-amid-ai-giveaway-war?utm_source=rss_feed Sun, 15 Feb 2026 06:30:07 +0000 Vincent Chow Vincent Chow China’s food delivery giant Meituan on Friday warned that it expected to post a loss of up to 24.3 billion yuan (US$3.5 billion) for 2025 due to “intense industry competition”, with the slump likely to persist this year. The sharp reversal from 2024, when the company posted a profit of 35.8 billion yuan, comes on the back of one of China’s most intense price wars last year between Meituan, Alibaba Group Holding and JD.com in local e-commerce and food delivery, which only subsided after... https://www.scmp.com/tech/article/3343538/chinas-meituan-warns-us35-billion-loss-amid-intense-food-delivery-price-war?utm_source=rss_feed https://www.scmp.com/tech/article/3343538/chinas-meituan-warns-us35-billion-loss-amid-intense-food-delivery-price-war?utm_source=rss_feed Fri, 13 Feb 2026 14:15:42 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Thursday after Beijing’s market regulator summoned major online platforms for talks over irregularities in the online sale of train tickets ahead of Lunar New Year, triggering losses among technology heavyweights. The Hang Seng Index dropped 0.9 per cent to 27,032.54 at the close, ending a three-day streak of winning sessions. The Hang Seng Tech Index declined 1.7 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per... https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed Thu, 12 Feb 2026 01:57:50 +0000 Alice Yan Alice Yan Some Chinese and foreign stars and celebrities have trended on mainland social media in anticipation of the Lunar New Year, as their names or their Chinese translations sound similar to the word “horse” in Mandarin. An unexpected sensation is British actor Tom Felton, known for portraying a villain in the Harry Potter series. He has gone viral in China in recent weeks, with images of his character, Draco Malfoy, appearing in many homes and offices as festive decorations, according to Chinese... https://www.scmp.com/news/people-culture/china-personalities/article/3342994/china-and-foreign-stars-names-sounding-chinese-character-horse-gain-popularity?utm_source=rss_feed https://www.scmp.com/news/people-culture/china-personalities/article/3342994/china-and-foreign-stars-names-sounding-chinese-character-horse-gain-popularity?utm_source=rss_feed Tue, 10 Feb 2026 06:00:08 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday, losing ground for the week, as a sell-off in technology stocks continued and dropping prices for gold, silver and cryptocurrencies rattled investors. The Hang Seng Index lost 1.2 per cent to 26,559.95, marking a 3 per cent weekly loss. The Hang Seng Tech Index lost 1.1 per cent. On the mainland, the CSI 300 Index fell 0.6 per cent and the Shanghai Composite Index slipped 0.3 per cent. Technology heavyweights led losses. Search-engine operator Baidu dropped 2.2... https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed Fri, 06 Feb 2026 02:08:07 +0000 Carol Yang Carol Yang China’s global outbound direct investment surged to a seven-year high in 2025 as Chinese firms pivoted their capital towards strategic raw materials and data centres, according to a report by Rhodium Group released on Wednesday. The latest China Cross-Border Monitor report found that Chinese firms announced US$124 billion of new outbound direct investment last year, an 18 per cent jump from 2024 and the highest level recorded since 2018. Completed deals also saw a robust 14 per cent increase to... https://www.scmp.com/economy/china-economy/article/3342371/chinas-outbound-investment-surges-7-year-high-amid-data-centre-energy-boom?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342371/chinas-outbound-investment-surges-7-year-high-amid-data-centre-energy-boom?utm_source=rss_feed Wed, 04 Feb 2026 14:00:41 +0000 Eunice Xu Eunice Xu Chinese robotics firms continue to secure fresh financing, including from state-backed funds, as investors shift focus from hardware to the “brains” of humanoids – the software and operating systems that underpin their intelligence. Alongside hardware-centric companies like Unitree Robotics, a new wave of firms is emerging with capital directed towards robotic software and operating systems. Shenzhen-based humanoid robot maker LimX Dynamics announced on Monday the completion of its US$200... https://www.scmp.com/tech/article/3342246/funding-surge-powers-chinese-robotics-firms-focus-shifts-humanoid-brains?utm_source=rss_feed https://www.scmp.com/tech/article/3342246/funding-surge-powers-chinese-robotics-firms-focus-shifts-humanoid-brains?utm_source=rss_feed Tue, 03 Feb 2026 12:00:38 +0000 Alice Yan Alice Yan The English version of a book about the popular poker-like Chinese card game Guandan has been accepted by libraries at top universities in the United States. The acceptance marks a milestone in efforts to spread knowledge about the game to the world. The Essence of Guandan, or Guandan Xin Fa in Chinese, was written by Yu Mingyang, an economics professor from the prestigious Shanghai Jiao Tong University, the Shanghai Morning Post reported. Its Chinese version was published in 2023, with the... https://www.scmp.com/news/people-culture/trending-china/article/3340703/book-guandan-china-poker-game-accepted-harvard-library-nations-premier-fan?utm_source=rss_feed https://www.scmp.com/news/people-culture/trending-china/article/3340703/book-guandan-china-poker-game-accepted-harvard-library-nations-premier-fan?utm_source=rss_feed Sun, 01 Feb 2026 06:00:09 +0000 Zhu Wenqian Zhu Wenqian More foreign companies have rolled out instant delivery services exclusively for China or upgraded to more comprehensive offerings in the country, as they vie to stand out in the highly digitalised market and cater to consumers’ strong demand for instant services. Multinationals offering instant delivery now include Swedish furniture retailer Ikea, German tyre manufacturer Continental, US warehouse-style retailer Sam’s Club and German discount supermarket chain Aldi Nord. “China leads the world... https://www.scmp.com/business/china-business/article/3341868/multinationals-race-chinas-us1439-billion-instant-retail-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341868/multinationals-race-chinas-us1439-billion-instant-retail-market?utm_source=rss_feed Sun, 01 Feb 2026 03:00:15 +0000 Kandy Wong,Enoch Yiu Kandy Wong,Enoch Yiu China and the United Kingdom are expected to sign more business deals as the British delegation, which comprises 54 companies, heads to Shanghai from Beijing as part of Keir Starmer’s visit, the first by a UK prime minister since 2018. The UK delegation will attend a reception in Shanghai on Friday evening, according to Peter Burnett, chief executive of the China-Britain Business Council. A business forum will be held, followed by lunch on Saturday before the group departs the country. “I think... https://www.scmp.com/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed Fri, 30 Jan 2026 12:02:36 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended gains for a seventh day on Thursday, supported by resource and property firms, with analysts maintaining an earnings-driven “slow bull” outlook for the market. The Hang Seng Index closed 0.5 per cent higher at 27,968.09, after briefly crossing 28,000 points, a level last seen in July 2021. The benchmark gained 2.6 per cent on Wednesday. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index rose 0.8 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed Thu, 29 Jan 2026 02:20:11 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed marginally higher on Monday amid geopolitical tensions, with some investors rotating into Chinese equities as a hedge against US market volatility, while optimism over a nascent rebound in the city’s property market pushed developers higher. Haven assets such as gold and silver surged to new highs. The Hang Seng Index rose less than 0.1 per cent to 26,765.52, after dropping as much as 0.5 per cent. The Hang Seng Tech Index lost 1.2 per cent. On the mainland, the CSI 300... https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed Mon, 26 Jan 2026 02:01:57 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday as investors turned to China’s markets to diversify away from US assets amid rising tensions between the US and Iran. The Hang Seng Index advanced 0.6 per cent to 26,999.81 points at the close of trading after jumping as much as 0.9 per cent to hit 27,097. That added to a 0.9 per cent gain on Tuesday, when the benchmark briefly touched 27,143, its highest since last November. The Hang Seng Tech Index climbed 0.7 per cent. On the mainland, major benchmarks edged... https://www.scmp.com/business/china-business/article/3339802/hong-kong-stocks-edge-higher-investors-hedge-against-middle-east-uncertainty?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339802/hong-kong-stocks-edge-higher-investors-hedge-against-middle-east-uncertainty?utm_source=rss_feed Wed, 14 Jan 2026 02:15:20 +0000 Themis Qi Themis Qi The company behind Qdama, a mainland Chinese meat and fresh produce chain known for its hefty discounts that rise by the hour every evening until the products are completely sold out, is planning to go public in Hong Kong. Qdama International, set up in 2014, has grown to become the mainland’s largest meat and fresh produce company with sales of 14.8 billion yuan (US$2.1 billion) in 2024, according to its prospectus filed to the Hong Kong stock exchange, which cited data from mainland research... https://www.scmp.com/business/china-business/article/3339762/chinese-chain-qdama-known-its-night-discounts-plans-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339762/chinese-chain-qdama-known-its-night-discounts-plans-hong-kong-ipo?utm_source=rss_feed Tue, 13 Jan 2026 11:15:37 +0000 Julie Zhang Julie Zhang Foreign and mainland Chinese drug makers are fighting for a multibillion-dollar slice of the domestic weight-loss market by slashing prices by as much as 80 per cent, as China faces a worsening obesity crisis. Competition in the sector, dominated by global pharmaceutical giants Novo Nordisk and Eli Lilly, intensified after both secured obesity-drug approvals in China in 2024. The landscape is set to shift further when the patent on Novo Nordisk’s semaglutide expires in March in China, opening... https://www.scmp.com/business/china-business/article/3339544/chinas-weight-loss-drug-war-prices-slashed-80-obesity-crisis-worsens?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339544/chinas-weight-loss-drug-war-prices-slashed-80-obesity-crisis-worsens?utm_source=rss_feed Mon, 12 Jan 2026 23:30:09 +0000 Zhang Shidong Zhang Shidong A brief rebound in Hong Kong stocks, spurred by an improved China inflation reading, waned on Friday, as investors suspect that the easing deflationary trend could just be a blip. The Hang Seng Index closed 0.3 per cent higher at 26,231.79, trimming a gain of as much as 0.6 per cent. The Hang Seng Tech Index rose 0.2 per cent. On the mainland, the CSI 300 Index climbed 0.5 per cent and the Shanghai Composite Index added 0.9 per cent. Alibaba Group Holding rallied 2.7 per cent to HK$146.50 and... https://www.scmp.com/business/china-business/article/3339256/hong-kong-stocks-snap-2-day-decline-china-deflationary-pressure-wanes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339256/hong-kong-stocks-snap-2-day-decline-china-deflationary-pressure-wanes?utm_source=rss_feed Fri, 09 Jan 2026 02:34:11 +0000 Zhu Wenqian Zhu Wenqian Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market and sluggish consumer spending, which have dampened demand for its goods. Following a comprehensive review, Ikea China said the seven stores would cease operations from February 2. These are located in Shanghai’s suburban Baoshan district, Guangzhou, Tianjin, Nantong and Xuzhou in eastern Jiangsu province, Ningbo in eastern Zhejiang province and Harbin in... https://www.scmp.com/business/china-business/article/3339068/furniture-retailer-ikea-close-seven-stores-china-amid-property-market-slump?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339068/furniture-retailer-ikea-close-seven-stores-china-amid-property-market-slump?utm_source=rss_feed Wed, 07 Jan 2026 10:30:44 +0000 Yeon Woo Lee Yeon Woo Lee China and South Korea have reignited their economic cooperation after years of relatively muted ties, signing US$44 million in new export deals and dozens of memorandums of understanding (MOUs) in the wake of a high-level summit held amid shifting regional dynamics – most notably, a protracted diplomatic dispute between Beijing and Tokyo. South Korea hosted its first export promotion and investment attraction event in Beijing in nine years, according to its Ministry of Trade, Industry and... https://www.scmp.com/economy/china-economy/article/3338983/china-south-korea-sign-us44-million-trade-deals-after-years-friction?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3338983/china-south-korea-sign-us44-million-trade-deals-after-years-friction?utm_source=rss_feed Wed, 07 Jan 2026 03:00:09 +0000 Junjie Wang Junjie Wang – https://www.scmp.com/plus/article/3338984/price-wars-china?utm_source=rss_feed https://www.scmp.com/plus/article/3338984/price-wars-china?utm_source=rss_feed Wed, 07 Jan 2026 02:55:43 +0000 Eunice Xu Eunice Xu Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well as increased the budget for pay rises by 150 per cent, according to Chinese media outlet The Paper. The company also lifted pay floors and ceilings across all job levels. The... https://www.scmp.com/tech/tech-trends/article/3338168/chinas-tech-giants-offer-lavish-year-end-bonuses-amid-ai-talent-war?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3338168/chinas-tech-giants-offer-lavish-year-end-bonuses-amid-ai-talent-war?utm_source=rss_feed Tue, 30 Dec 2025 13:00:15 +0000 Aileen Chuang Aileen Chuang Chinese firms are increasingly anchoring themselves in Dubai’s free trade zones to navigate trade barriers and tap new markets as rising protectionism and supply-chain shifts impact global commerce. Jebel Ali Free Zone (Jafza), state-owned DP World’s flagship free economic zone at the western end of the city in the United Arab Emirates, hosted 507 Chinese companies as of November, nearly double the number in 2021. The trend reflected how a Middle Eastern hub offered companies “neutral, stable... https://www.scmp.com/business/china-business/article/3337928/chinese-firms-anchor-dubai-free-zones-navigate-trade-barriers-and-expand-reach?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337928/chinese-firms-anchor-dubai-free-zones-navigate-trade-barriers-and-expand-reach?utm_source=rss_feed Tue, 30 Dec 2025 00:00:10 +0000 Xinmei Shen Xinmei Shen Trip.com has started to allow some overseas users to pay for prepaid hotel and flight bookings with the stablecoins USDT and USDC – also known as Tether and USD Coin – in a sign of growing acceptance of the US dollar-pegged tokens. The online travel group enabled stablecoin payments on October 9, according to a customer service agent, with the option appearing for users in certain regions when they booked prepaid deals through Trip.com’s international platform. The move – which comes even as... https://www.scmp.com/news/china-future-tech/article/3338060/tripcom-tests-stablecoin-payments-overseas-offering-usdt-and-usdc-prepaid-bookings?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/article/3338060/tripcom-tests-stablecoin-payments-overseas-offering-usdt-and-usdc-prepaid-bookings?utm_source=rss_feed Mon, 29 Dec 2025 23:00:09 +0000 Cao Li,Eunice Xu Cao Li,Eunice Xu Huawei Technologies in late November sold more than 10,000 units of its artificial intelligence toy, Smart Hanhan, in the first week of its release, as similar smart playthings seize a growing share of consumer spending worldwide. Shenzhen-based Huawei’s AI-powered emotional support plush toy, which costs 399 yuan (US$57), provides a user with interactive companionship via movement recognition, voice and touch. For example, when a user asks Smart Hanhan to count sheep, it often adds playful... https://www.scmp.com/business/china-business/article/3337606/chinas-ai-toy-boom-huawei-jdcom-ubtech-make-big-push-growing-sector?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337606/chinas-ai-toy-boom-huawei-jdcom-ubtech-make-big-push-growing-sector?utm_source=rss_feed Thu, 25 Dec 2025 03:00:10 +0000 Xiaofei Xu Xiaofei Xu Following the burglary of a warehouse belonging to Chinese e-commerce giant JD.com on Monday, a judicial source has confirmed an investigation has begun on charges of theft by an organised gang. The incident came in the middle of the Christmas shopping season and took place in the town of Dugny, a northern suburb of Paris that serves as a midpoint between the French capital and its main freight hub, Charles de Gaulle Airport. Suspects neutralised the warehouse’s video surveillance system, with... https://www.scmp.com/economy/global-economy/article/3337610/burglary-jdcom-warehouse-france-prompts-investigation-speculation?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3337610/burglary-jdcom-warehouse-france-prompts-investigation-speculation?utm_source=rss_feed Wed, 24 Dec 2025 09:00:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks ended lower on Tuesday, reversing early gains, as investors booked profits, offsetting optimism that the rally could extend into next year. The Hang Seng Index closed 0.1 per cent lower at 25,774.14, after rising as much as 0.5 per cent earlier. The Hang Seng Tech Index fell 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index gained 0.1 per cent. Technology heavyweights weighed on the index. Short-video sharing platform Kuaishou... https://www.scmp.com/business/china-business/article/3337414/hong-kong-stocks-climb-santa-rally-extends-second-day?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337414/hong-kong-stocks-climb-santa-rally-extends-second-day?utm_source=rss_feed Tue, 23 Dec 2025 02:39:57 +0000 Ben Jiang Ben Jiang Alibaba Group’s logistics arm Cainiao and online grocery business Tmall Supermarket are teaming up to expand fulfilment infrastructure and speed up deliveries, as the Chinese e-commerce giant ramps up its efforts in China’s fast-growing instant commerce battle to fend off rivals such as JD.com and Meituan. Cainiao will launch new or expand instant commerce warehouses for Tmall Supermarket across 31 mainland Chinese cities by the end of January 2026, it said in a statement on Thursday. Alibaba... https://www.scmp.com/tech/big-tech/article/3337029/need-speed-alibaba-ramps-china-instant-commerce-push-cainiao-and-tmall-tie?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337029/need-speed-alibaba-ramps-china-instant-commerce-push-cainiao-and-tmall-tie?utm_source=rss_feed Fri, 19 Dec 2025 10:15:09 +0000 Fran Lu Fran Lu A Chinese woman who has lived for eight years with the rare neurological disease amyotrophic lateral sclerosis (ALS) recently held a farewell ceremony at a funeral home to celebrate love and life. Liu Jie, 42, organised the gathering at a funeral parlour in southwestern China’s Chongqing municipality. Before her diagnosis with ALS eight years ago, Liu was a tour guide. During her illness, she experienced multiple emotional breakdowns as she witnessed her condition progress. Recalling her... https://www.scmp.com/news/people-culture/trending-china/article/3336005/china-als-woman-holds-funeral-home-party-says-disease-cannot-beat-optimism-love-hope?utm_source=rss_feed https://www.scmp.com/news/people-culture/trending-china/article/3336005/china-als-woman-holds-funeral-home-party-says-disease-cannot-beat-optimism-love-hope?utm_source=rss_feed Wed, 17 Dec 2025 10:00:09 +0000 Themis Qi Themis Qi Mainland China’s highly competitive retail landscape has taken its toll on one of Hong Kong’s largest health and beauty chains, which has decided to exit the market. Analysts said retailers across the board have found the going tough on the mainland, with a slowdown in consumer spending compounding matters. Health and beauty chain Mannings said it would cease all online and offline retail operations on the mainland as it adjusts its strategy in the highly competitive market. “It doesn’t matter... https://www.scmp.com/business/companies/article/3336698/health-and-beauty-chain-mannings-withdraw-mainland-china?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336698/health-and-beauty-chain-mannings-withdraw-mainland-china?utm_source=rss_feed Wed, 17 Dec 2025 02:29:39 +0000 Coco Feng Coco Feng Chinese fintech giant Ant Group has pressed ahead with its strategic move into the fast-growing healthcare sector with a major upgrade to its artificial intelligence health app AQ, positioning the platform to work like a fitness companion or a family doctor. The new features included integration of records from smart devices made by Apple, Huawei and Omron, among others, as well as the creation of health profiles for family members, the company announced on Monday. Ant is the fintech affiliate... https://www.scmp.com/tech/article/3336524/chinese-fintech-giant-ant-upgrades-ai-health-app-tap-booming-eldercare-wellness-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3336524/chinese-fintech-giant-ant-upgrades-ai-health-app-tap-booming-eldercare-wellness-demand?utm_source=rss_feed Tue, 16 Dec 2025 00:00:15 +0000 Xinmei Shen Xinmei Shen A growing number of mainland Chinese tech firms are tapping Hong Kong for research talent and overseas expansion, as the Asian financial hub moves to attract Big Tech and start-ups to boost its technology sector. Arm China, the Chinese unit of British semiconductor firm Arm Holdings, would establish a chip intellectual property research and development centre in Hong Kong in 2026 that would focus on artificial intelligence and robotics, Arm China senior technical director Zou Wei said last... https://www.scmp.com/tech/tech-trends/article/3336440/arm-china-ai-start-rabbitpre-among-mainland-tech-firms-expanding-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336440/arm-china-ai-start-rabbitpre-among-mainland-tech-firms-expanding-hong-kong?utm_source=rss_feed Mon, 15 Dec 2025 09:00:36 +0000 Ji Siqi Ji Siqi When I woke up with a sore throat and fever in Beijing earlier this month, the last thing I wanted to do was go to a hospital. Even though the nearest public facility is just a 15-minute walk from my flat, I didn’t have the energy to leave my bed, let alone endure the long queues, crowds and cumbersome procedures that come with a hospital visit. In fact, I suspected I had contracted the virus that was causing my symptoms from a trip to that very hospital four days earlier, as it was the only... https://www.scmp.com/economy/china-economy/article/3336227/reporters-notebook-home-test-kit-takes-headache-out-beijing-healthcare?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3336227/reporters-notebook-home-test-kit-takes-headache-out-beijing-healthcare?utm_source=rss_feed Sun, 14 Dec 2025 11:00:10 +0000 Cao Li Cao Li Strong demand for Jingdong Industrials’ HK$2.98 billion (US$383 million) IPO failed to carry through to trading on Thursday, testing investor appetite for Chinese supply-chain spin-offs in a resurgent Hong Kong market. Shares in the JD.com unit were offered at HK$14.10 each and oversubscribed by 60 times, but slipped 2.6 per cent in morning trading to HK$13.74, mirroring the soft performance seen in grey-market dealings the previous day. Its drop outpaced the broader market, with the benchmark... https://www.scmp.com/business/companies/article/3336001/jdcoms-jingdong-industrials-rides-hong-kong-ipo-boom-us383-million-listing?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336001/jdcoms-jingdong-industrials-rides-hong-kong-ipo-boom-us383-million-listing?utm_source=rss_feed Thu, 11 Dec 2025 04:35:58 +0000