https://www.scmp.com/rss/326408/feed NetEase is the second-largest online gaming firm in China, behind only Tencent. It develops both online PC and mobile games, including flagship titles such as Justice and Fantasy Westward Journey, two Chinese online role-playing games; and Eggy Party, a mobile casual party game. The company has also signed a deal with Blizzard to bring World of Warcraft to China. NetEase also operates NetEase Cloud Music, a music streaming service with more than 200 million active users. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong Chinese billionaire investor Duan Yongping touted Pop Mart International Group as a long-term investment and hinted that he may have already started building bullish bets, further validating his confidence in companies that are grappling with growth concerns. Duan, dubbed China’s Warren Buffett by some investors, recently said on social media that the toymaker had great growth potential to achieve its globalisation goal and that the barriers built by the company were enough to fend off... https://www.scmp.com/business/china-business/article/3350454/chinas-warren-buffett-calls-pop-mart-long-term-buy-hints-labubu-maker-stake?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350454/chinas-warren-buffett-calls-pop-mart-long-term-buy-hints-labubu-maker-stake?utm_source=rss_feed Fri, 17 Apr 2026 09:00:10 +0000 Cao Li Cao Li Hong Kong stocks extended losses on Friday as the US-Iran war showed no signs of ending, with a hardline stance from both sides pushing oil prices up. The Hang Seng Index closed 1 per cent lower at 25,465.60, taking its loss to 4 per cent since the war started on February 28. The Hang Seng Tech Index also fell 1 per cent. On the mainland, the CSI 300 Index lost 0.4 per cent and the Shanghai Composite Index shed 0.8 per cent. US President Donald Trump said in a social media post on Thursday that... https://www.scmp.com/business/markets/article/3346430/hong-kong-stocks-extend-losses-us-and-iran-dig-heels-amid-escalating-conflict?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346430/hong-kong-stocks-extend-losses-us-and-iran-dig-heels-amid-escalating-conflict?utm_source=rss_feed Fri, 13 Mar 2026 02:22:18 +0000 Cao Li Cao Li Hong Kong stocks fell on Wednesday as tech firms slid after Chinese authorities moved to curb the OpenClaw frenzy. The Hang Seng Index edged down 0.2 per cent to close at 25,898.76 after gaining as much as 0.7 per cent in the morning session. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index added 0.6 per cent and the Shanghai Composite Index gained 0.3 per cent. On Tuesday, China’s cybersecurity emergency response system warned of security and data risks tied to... https://www.scmp.com/business/markets/article/3346160/hong-kong-stocks-extend-rebound-proposed-release-oil-reserve-soothes-fears?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346160/hong-kong-stocks-extend-rebound-proposed-release-oil-reserve-soothes-fears?utm_source=rss_feed Wed, 11 Mar 2026 02:10:04 +0000 Cao Li Cao Li Hong Kong stocks extended declines on Tuesday after panic selling gripped global markets, as the US-Iran war kept investors on edge and surging oil prices fuelled inflation concerns. The Hang Seng Index closed 1.1 per cent lower at 25,768.08 after losing 2.1 per cent on Monday. The Hang Seng Tech Index fell 2.3 per cent. On the mainland, the CSI 300 Index slid 1.5 per cent and the Shanghai Composite Index fell 1.4 per cent. Tensions between the US, its allies and Iran have disrupted global oil... https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345204/hong-kong-stocks-slide-second-day-us-iran-war-rattles-sentiment?utm_source=rss_feed Tue, 03 Mar 2026 02:14:04 +0000 Yulu Ao Yulu Ao Hong Kong stocks jumped on Monday, as investors bet the latest adjustment to US tariffs would ease pressure on Chinese exports after a Supreme Court ruling prompted a reshuffling of trade measures. The Hang Seng Index surged 2.5 per cent to 27,081.91 at the close, the biggest gain since January 28. The Hang Seng Tech Index jumped 3.3 per cent, the best increase since January 2. Mainland China’s bourses, which have been closed for Lunar New Year, will reopen on Tuesday. Food-delivery service... https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed Mon, 23 Feb 2026 01:59:17 +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 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 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 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday amid stabilising risk sentiment, but losses in technology shares capped the upside amid market chatter that Chinese authorities may target financial and internet value-added services for tax-rate adjustments. The Hang Seng Index climbed 0.2 per cent to 26,834.77 at the close of trading, after rising as much as 1.3 per cent earlier. The Hang Seng Tech Index fell 1.1 per cent. On the mainland, the CSI 300 Index gained 1.2 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed Tue, 03 Feb 2026 01:48:07 +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 Ben Jiang,Coco Feng Ben Jiang,Coco Feng The new year kicked off with the blockbuster public market debuts of two Chinese artificial intelligence high-flyers – Zhipu AI and MiniMax – making them the world’s first publicly listed large language model (LLM) start-ups. The listings put them ahead of US rivals including Microsoft-backed OpenAI and Amazon.com-supported Anthropic, which have yet to reach public markets. Both Chinese companies have been backed by heavyweight investors, including state-linked funds and big tech groups such as... https://www.scmp.com/tech/tech-trends/article/3341063/next-level-why-chinas-game-makers-are-quietly-bankrolling-generative-ai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3341063/next-level-why-chinas-game-makers-are-quietly-bankrolling-generative-ai?utm_source=rss_feed Sun, 25 Jan 2026 01:00:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell for the first time in five days on Thursday, weighed down by mainland Chinese tech giants, but analysts remain confident that Chinese assets will continue to outperform US peers due to cheaper valuations and ongoing geopolitical uncertainty after a period of consolidation. The Hang Seng Index closed 0.3 per cent lower at 26,923.62, after jumping as much as 0.8 per cent to briefly hit its highest level since October 2. The Hang Seng Tech Index fell 1.4 per cent. On the... https://www.scmp.com/business/china-business/article/3339946/hong-kong-stocks-extend-gains-fifth-day-marking-their-best-run-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339946/hong-kong-stocks-extend-gains-fifth-day-marking-their-best-run-year?utm_source=rss_feed Thu, 15 Jan 2026 02:29:17 +0000 Zhang Shidong Zhang Shidong A rotation into Chinese technology companies drove Hong Kong stocks to their highest in seven weeks on Tuesday as investors sought alternatives for frothy US peers, while a gauge of Chinese mainland equities refreshed a decade high. The Hang Seng Index advanced 1.4 per cent to 26,710.45 at the close, the highest level since November 13. The Hang Seng Tech Index jumped 1.5 per cent. On the mainland, the Shanghai Composite Index climbed 1.5 per cent, closing at the highest since July 2015, while... https://www.scmp.com/business/china-business/article/3338843/hong-kong-stocks-hit-7-week-high-investors-rotate-chinese-tech-names?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338843/hong-kong-stocks-hit-7-week-high-investors-rotate-chinese-tech-names?utm_source=rss_feed Tue, 06 Jan 2026 02:28:22 +0000 Yulu Ao Yulu Ao Hong Kong stocks made a strong start to 2026 on Friday, as investors bet on economic growth after both the mainland and Hong Kong markets recorded bull runs in 2025. The Hang Seng Index surged 2.8 per cent to 26,338.47 at the close, notching the biggest gain since May 12 and pushing the benchmark to the highest level since November 17. The Hang Seng Tech Index added 3.6 per cent. On the mainland, the markets were closed for public holidays. Leading the advance, search-engine giant Baidu jumped... https://www.scmp.com/business/china-business/article/3338452/hong-kong-stocks-jump-2026-investors-bet-continued-bull-run?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338452/hong-kong-stocks-jump-2026-investors-bet-continued-bull-run?utm_source=rss_feed Fri, 02 Jan 2026 02:27:35 +0000 Coco Feng Coco Feng China-founded start-up Tripo AI on Tuesday launched a major update to its flagship platform, renamed Tripo Studio 1.0, that speeds up artificial intelligence-driven 3D content creation by up to 200 per cent compared with its previous version, as the company’s international user community continues to expand. A pioneer in large-scale, general-purpose 3D models, Tripo AI’s user base has more than doubled to 6.5 million from 3 million in August, company founder and CEO Simon Song Yachen told the... https://www.scmp.com/tech/tech-trends/article/3338202/china-founded-tripo-ai-updates-3d-content-creation-platform-users-more-double?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3338202/china-founded-tripo-ai-updates-3d-content-creation-platform-users-more-double?utm_source=rss_feed Tue, 30 Dec 2025 23:00:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday, tracking Wall Street’s rally, as investors grew more confident about earnings growth prospects despite fading expectations for near-term US rate cuts. The Hang Seng Index increased 0.2 per cent to 25,818.93 at the close of trading, erasing the 0.1 per cent loss recorded on Tuesday. The Hang Seng Tech Index climbed 0.4 per cent. On the mainland, the Shanghai Composite Index added 0.5 per cent while the CSI 300 Index lifted 0.3 per cent. Hong Kong’s stock market... https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed Wed, 24 Dec 2025 02:09:51 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday alongside Asia-Pacific markets, with traders upbeat about finishing the year on a strong note. The Hang Seng Index closed 0.4 per cent higher at 25,801.77, paring some of the 1.1 per cent loss last week. The Hang Seng Tech Index gained 0.9 per cent. On the mainland, the CSI 300 Index climbed 1 per cent and the Shanghai Composite Index added 0.7 per cent. Trading in Hong Kong will be shortened over the holiday period, with an early close on Christmas Eve, while the... https://www.scmp.com/business/china-business/article/3337259/alibaba-pop-mart-lead-hong-kong-stocks-higher-christmas-trading-break?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337259/alibaba-pop-mart-lead-hong-kong-stocks-higher-christmas-trading-break?utm_source=rss_feed Mon, 22 Dec 2025 02:32:42 +0000 Ann Cao Ann Cao China’s video game industry revenue grew 7.7 per cent to a new high this year, as domestic titles from the likes of Tencent Holdings and NetEase continued to expand globally and bets on artificial intelligence paid off, according to data released on Friday by the country’s semi-official gaming industry association. The country’s gaming market posted total sales of 350.8 billion yuan (US$49.8 billion) for the year, breaking the previous record of 325.8 billion yuan set last year. The numbers were... https://www.scmp.com/tech/tech-trends/article/3337112/chinas-video-game-sales-reach-record-2025-amid-overseas-expansion-ai-investment?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3337112/chinas-video-game-sales-reach-record-2025-amid-overseas-expansion-ai-investment?utm_source=rss_feed Fri, 19 Dec 2025 11:50:15 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed higher on Wednesday as investors bet on Beijing’s stimulus measures to shore up the property market and broader economy while waiting for clues on the US Federal Reserve’s policy path next year. The Hang Seng Index rose 0.3 per cent to 25,540.78 at the close of trading after falling as much as 0.7 per cent earlier in the session. The Hang Seng Tech Index rose 0.5 per cent. On the mainland, the CSI 300 Index fell 0.1 per cent and the Shanghai Composite Index slipped 0.2... https://www.scmp.com/business/china-business/article/3335827/hong-kong-stocks-extend-losses-wall-street-caution-weighs-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335827/hong-kong-stocks-extend-losses-wall-street-caution-weighs-sentiment?utm_source=rss_feed Wed, 10 Dec 2025 02:25:58 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose on Friday, wrapping up a week that notched up moderate gains before a slew of key rate-decision and economic policy meetings in the world’s biggest economies. The Hang Seng Index advanced 0.6 per cent to 26,085.08 at the close, taking the gain for the week to 0.9 per cent. The Hang Seng Tech Index climbed 0.8 per cent. On the mainland, the CSI 300 Index rose 0.8 per cent and the Shanghai Composite Index added 0.7 per cent. Ping An Insurance Group rallied 6.7 per cent to... https://www.scmp.com/business/china-business/article/3335265/hong-kong-stocks-head-weekly-loss-key-rate-decision-meetings-us-japan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335265/hong-kong-stocks-head-weekly-loss-key-rate-decision-meetings-us-japan?utm_source=rss_feed Fri, 05 Dec 2025 02:22:51 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday, led by technology heavyweights, as growing conviction about a US interest-rate cut this month overcame concerns about an artificial-intelligence bubble and a contraction in mainland factory activity. The Hang Seng Index added 0.7 per cent to close at 26,033.26. The Hang Seng Tech Index gained 0.8 per cent. On the mainland, the CSI 300 Index advanced 1.1 per cent and the Shanghai Composite Index rose 0.7 per cent. Among major gainers, e-commerce firm Alibaba Group... https://www.scmp.com/business/china-business/article/3334704/tech-firms-lead-hong-kong-stocks-upwards-rate-cut-month-locked?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334704/tech-firms-lead-hong-kong-stocks-upwards-rate-cut-month-locked?utm_source=rss_feed Mon, 01 Dec 2025 02:21:14 +0000 Ann Cao Ann Cao Alibaba Group Holding on Thursday launched its first artificial intelligence glasses in China, as the tech giant seeks to carve out a solid niche in the growing smart wearables market. The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1 model and the lightweight G1 model. Alibaba owns the South China Morning Post. “AI glasses are the intelligent devices that truly usher in a revolution in human-computer interaction in the AI... https://www.scmp.com/tech/big-tech/article/3334399/alibaba-launches-us537-quark-ai-glasses-challenge-wearables-meta-xiaomi-rokid?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3334399/alibaba-launches-us537-quark-ai-glasses-challenge-wearables-meta-xiaomi-rokid?utm_source=rss_feed Thu, 27 Nov 2025 12:11:35 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks surged on Monday, rebounding from the biggest sell-off in a month ahead of a week packed with major company earnings and a deluge of US economic data delayed by the government shutdown. The Hang Seng Index closed 2 per cent higher at 25,716.50, recovering most of the 2.4 per cent loss on Friday. The Hang Seng Tech Index jumped 2.8 per cent. On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index added 0.1 per cent. Alibaba Group Holding rallied... https://www.scmp.com/business/china-business/article/3333878/hong-kong-stocks-rebound-investors-gear-alibaba-earnings-us-data?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333878/hong-kong-stocks-rebound-investors-gear-alibaba-earnings-us-data?utm_source=rss_feed Mon, 24 Nov 2025 02:30:06 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell for a fourth day on Wednesday, with investors taking their cue from Wall Street’s overnight decline amid rising doubts over lofty artificial intelligence valuations and the timing of US rate cuts. The Hang Seng Index dropped 0.4 per cent to 25,830.65 at the close of trading, adding to the 1.7 per cent loss on Tuesday. The Hang Seng Tech Index fell 0.7 per cent. On the mainland, the CSI 300 Index gained 0.4 per cent and the Shanghai Composite rose 0.2 per cent. Among major... https://www.scmp.com/business/china-business/article/3333334/hong-kong-stocks-wobble-lofty-ai-valuations-uncertain-fed-policy-path?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333334/hong-kong-stocks-wobble-lofty-ai-valuations-uncertain-fed-policy-path?utm_source=rss_feed Wed, 19 Nov 2025 02:34:31 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Tuesday, tracking a sell-off on Wall Street as investors reassessed lofty artificial intelligence-related valuations and the outlook for US monetary easing. The Hang Seng Index declined 1.7 per cent to 25,930.03 at close, the biggest drop since October 31. The Hang Seng Tech Index dropped 1.9 per cent. On the mainland, the CSI 300 Index retreated 0.7 per cent and the Shanghai Composite Index shed 0.8 per cent. Tech heavyweights led the retreat. Online games provider... https://www.scmp.com/business/china-business/article/3333182/hong-kong-stocks-extend-decline-amid-wall-street-ai-valuation-concerns-fed-rate-outlook?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333182/hong-kong-stocks-extend-decline-amid-wall-street-ai-valuation-concerns-fed-rate-outlook?utm_source=rss_feed Tue, 18 Nov 2025 02:27:30 +0000 Ann Cao Ann Cao US video game developer Riot Games, creator of League of Legends, retains bragging rights to the most popular PC game in China nearly a decade and a half after its launch. First introduced in 2009 and brought to the mainland in 2011, the multiplayer online battle game has been around longer than many of those who play it – a remarkable feat in an industry known for its rapid shifts. The secret to the game’s longevity may lie in the sustained appeal of the League of Legends esports scene, as... https://www.scmp.com/tech/big-tech/article/3333089/how-league-legends-remains-most-popular-pc-game-china-after-15-years?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3333089/how-league-legends-remains-most-popular-pc-game-china-after-15-years?utm_source=rss_feed Tue, 18 Nov 2025 01:00:14 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Wednesday, tracking weakness on Wall Street as its recent rally lost momentum, while gold and silver extended their pullback from record highs. Investors also weighed whether US-China tensions could ease after US President Donald Trump offered mixed signals on a potential meeting with his Chinese counterpart Xi Jinping. The Hang Seng Index declined 0.9 per cent to 25,781.77 at the close of trading, erasing the 0.7 per cent gain recorded on Tuesday. The Hang Seng Tech... https://www.scmp.com/business/china-business/article/3329869/hong-kong-stocks-mirror-wall-street-slide-gold-and-silver-extend-retreat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329869/hong-kong-stocks-mirror-wall-street-slide-gold-and-silver-extend-retreat?utm_source=rss_feed Wed, 22 Oct 2025 02:23:35 +0000 Cao Li Cao Li Hong Kong stocks rallied on Monday, rebounding from Friday’s steepest loss since April as US-China trade tensions showed signs of easing and China reported economic growth that was largely in line with expectations. The Hang Seng Index jumped 2.4 per cent to close at 25,858.83. The Hang Seng Tech Index surged 3.1 per cent. On the mainland, the CSI 300 Index rose 0.5 per cent and the Shanghai Composite Index added 0.7 per cent. NetEase jumped 5.2 per cent to HK$235.40, insurance giant AIA Group... https://www.scmp.com/business/markets/article/3329608/hong-kong-stocks-surge-optimism-over-us-china-trade-talks?utm_source=rss_feed https://www.scmp.com/business/markets/article/3329608/hong-kong-stocks-surge-optimism-over-us-china-trade-talks?utm_source=rss_feed Mon, 20 Oct 2025 02:16:33 +0000 Alice Li Alice Li China’s expansion of its rare earth export controls appeared to mark another escalation in the US-China trade war last week. But the announcements were also significant in another way: unusually, the documents could not be opened using American word processing software. For the first time, China’s Ministry of Commerce issued a slew of documents that could be directly accessed only through WPS Office – China’s answer to Microsoft Office – as Beijing continues its tech self-reliance... https://www.scmp.com/economy/china-economy/article/3328782/sending-message-beijing-issues-documents-without-word-format-amid-us-tensions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3328782/sending-message-beijing-issues-documents-without-word-format-amid-us-tensions?utm_source=rss_feed Mon, 13 Oct 2025 07:00:50 +0000 Yulu Ao Yulu Ao Hong Kong stocks fluctuated on Thursday, as weak holiday spending in mainland China fanned concerns over consumption, while investors awaited policy signals from the Communist Party’s key meeting this month that will chart the nation’s next five-year plan. The Hang Seng Index eventually closed 0.3 per cent lower at 26,752.59, after dropping as much as 1.3 per cent earlier. The Hang Seng Tech Index lost 0.7 per cent. Markets on the mainland reopened on Thursday after the “golden week” break, with... https://www.scmp.com/business/china-business/article/3328300/hong-kong-stocks-fall-disappointing-golden-week-retail-sales-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328300/hong-kong-stocks-fall-disappointing-golden-week-retail-sales-china?utm_source=rss_feed Thu, 09 Oct 2025 02:21:06 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday as investors took profits, especially in high-flying sectors, pausing a recent rally. The Hang Seng Index fell 0.5 per cent to 27,140.92 at the close to end the week with a gain of 3.9 per cent. The Hang Seng Tech Index fell 0.9 per cent. Mainland stock exchanges are closed for the National Day and Mid-Autumn Festival holidays from Wednesday through October 8. Search-engine giant Baidu lost 0.7 per cent to HK$138.20 and short-video platform Kuaishou Technology... https://www.scmp.com/business/china-business/article/3327708/hong-kong-stock-rally-takes-pause-investors-gather-profits?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327708/hong-kong-stock-rally-takes-pause-investors-gather-profits?utm_source=rss_feed Fri, 03 Oct 2025 02:16:38 +0000 Wei Li Wei Li For over a decade, commentators have warned of China’s looming economic decline. Today, the challenges are real: US-China trade frictions, weak household consumption, an overstretched property sector and a shrinking workforce. Making money in China may feel harder than before. Yet to see China solely through the lens of stagnation is to miss the profound transformation under way. Far from collapsing, China is restructuring. More importantly, it has nurtured a generation of entrepreneurs and... https://www.scmp.com/opinion/china-opinion/article/3327400/how-chinas-entrepreneurs-are-blazing-trail-economic-transformation?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3327400/how-chinas-entrepreneurs-are-blazing-trail-economic-transformation?utm_source=rss_feed Thu, 02 Oct 2025 21:30:08 +0000 Cao Li Cao Li Hong Kong stocks fell slightly on Thursday after rising earlier in the day, as investors took profits from a tech-led rally on Wednesday. The Hang Seng Index fell 0.1 per cent to 26,484.68 at the close. The Hang Seng Tech Index gained 0.9 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent and the Shanghai Composite Index was little changed. Chinese tech giant Alibaba Group Holding fell 1.2 per cent to HK$172 after reaching its highest in over four years during the morning. Chinese... https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed Thu, 25 Sep 2025 02:19:27 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed flat on Friday as investors held back ahead of a closely watched talk between US President Donald Trump and Chinese President Xi Jinping, which could yield signals on tariffs, TikTok’s fate and the battle for tech dominance. The Hang Seng Index was little changed, closing at 26,545.10 and securing a 0.6 per cent gain for the week. The Hang Seng Tech Index advanced 0.4 per cent. On the mainland, the CSI 300 Index gained 0.1 per cent, while the Shanghai Composite Index lost... https://www.scmp.com/business/china-business/article/3326061/hong-kong-stocks-drop-second-day-investors-await-signals-trump-xi-call?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326061/hong-kong-stocks-drop-second-day-investors-await-signals-trump-xi-call?utm_source=rss_feed Fri, 19 Sep 2025 02:23:20 +0000 Xinmei Shen Xinmei Shen Chinese AI start-up Vast aims to take on global tech giants such as Tencent Holdings and Google in developing 3D AI models, which allow creators to generate three-dimensional visual content with text or image inputs, an increasingly competitive field that has seen the entrance of influential players such as AI pioneer Li Fei-fei. Beijing-based Vast, established in 2023, aims “to let everyone create 3D content with zero barriers and zero cost”, and potentially create a TikTok-like platform for... https://www.scmp.com/tech/tech-trends/article/3323106/ex-minimax-co-founders-new-venture-aims-challenge-tencent-and-google-3d-ai-models?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3323106/ex-minimax-co-founders-new-venture-aims-challenge-tencent-and-google-3d-ai-models?utm_source=rss_feed Tue, 26 Aug 2025 01:00:19 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month and Shanghai relaxed its home-purchase policies. The Hang Seng Index closed nearly 2 per cent higher at 25,829.91, the biggest gain in two weeks. The Hang Seng Tech Index rose 3.1 per cent. On the mainland, the CSI 300 Index gained 2.1 per cent, the most since 2022. The Shanghai Composite Index strengthened 1.5 per cent to hit a fresh 10-year high. The combined turnover... https://www.scmp.com/business/markets/article/3323009/hong-kong-stocks-gain-most-2-weeks-after-feds-powell-signals-rate-cut-next-month?utm_source=rss_feed https://www.scmp.com/business/markets/article/3323009/hong-kong-stocks-gain-most-2-weeks-after-feds-powell-signals-rate-cut-next-month?utm_source=rss_feed Mon, 25 Aug 2025 02:24:43 +0000 Zoey Zhang Zoey Zhang A 27-year-old lorry driver in Japan is both a stepfather and a step-grandfather who looks after a family of 11 that all live under one roof. In August, the mainland media outlet NetEase News, citing the Japanese television documentary show Ganbare, Poor People, reported the story. The popular show highlights the resilience and determination of working-class families in Japan as they navigate life’s challenges. The man at the centre of the story, Masashi, is 12 years younger than his 39-year-old... https://www.scmp.com/news/people-culture/article/3321834/japan-trucker-27-both-step-grandpa-stepdad-works-hard-support-unconventional-family?utm_source=rss_feed https://www.scmp.com/news/people-culture/article/3321834/japan-trucker-27-both-step-grandpa-stepdad-works-hard-support-unconventional-family?utm_source=rss_feed Thu, 21 Aug 2025 10:00:09 +0000 Zhang Shidong Zhang Shidong Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19, 2015. The CSI 300 Index climbed 0.9 per cent, finishing at the highest level in almost a year. Shares worth 2.75 trillion yuan (US$382.9 billion) changed hands on the mainland’s... https://www.scmp.com/business/china-business/article/3322169/hong-kong-stocks-steady-investors-await-key-quarterly-results-powells-speech?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322169/hong-kong-stocks-steady-investors-await-key-quarterly-results-powells-speech?utm_source=rss_feed Mon, 18 Aug 2025 02:43:56 +0000 Yulu Ao Yulu Ao Two of the world’s largest sovereign wealth funds have adjusted their stakes in Chinese equities, trimming their exposure to technology stocks while going long on consumer companies as they mirrored Bridgewater Associates in reacting to volatile markets and rising US-China tensions. Singapore’s Temasek Holdings cut its stake in Alibaba Group Holding by two-thirds to 1.85 million shares in the quarter that ended in June, according to its 13F disclosure on Thursday. It slashed its JD.com holdings... https://www.scmp.com/business/china-business/article/3322039/temasek-fine-tunes-chinese-stock-portfolio-pif-exits-alibaba-sovereign-fund-tweaks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322039/temasek-fine-tunes-chinese-stock-portfolio-pif-exits-alibaba-sovereign-fund-tweaks?utm_source=rss_feed Fri, 15 Aug 2025 11:44:15 +0000 Ann Cao Ann Cao Chinese video gaming companies are doubling down on artificial intelligence to enhance their titles and explore new growth opportunities, driven by rapid advances in AI models, according to executives at ChinaJoy – the country’s largest annual digital entertainment expo. The four-day event in Shanghai drew a surge of AI companies eager to forge or deepen partnerships with local studios focused on adopting AI-driven technologies. Huawei Technologies, the Shenzhen-based telecommunications... https://www.scmp.com/tech/big-tech/article/3320848/chinajoy-2025-tencent-huawei-and-smaller-studios-leverage-ai-boost-video-gaming?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320848/chinajoy-2025-tencent-huawei-and-smaller-studios-leverage-ai-boost-video-gaming?utm_source=rss_feed Tue, 05 Aug 2025 23:00:09 +0000 Ann Cao Ann Cao China this year will again serve as host to the League of Legends World Championship, the esports industry’s biggest tournament for a single title, raising hopes for another finals run by a mainland team. The annual professional competition, also known as the Worlds, will kick off in Beijing from October 14 and then move to Shanghai for the quarter-final and semi-final rounds from October 28 to November 2, according to US video game developer and tournament organiser Riot Games, a subsidiary of... https://www.scmp.com/tech/big-tech/article/3319653/league-legends-world-championship-returns-china-mainland-esports-sector-grows?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3319653/league-legends-world-championship-returns-china-mainland-esports-sector-grows?utm_source=rss_feed Fri, 25 Jul 2025 13:19:15 +0000 Wency Chen Wency Chen Chinese Commerce Minister Wang Wentao met Nvidia CEO Jensen Huang on Thursday to discuss artificial intelligence (AI) cooperation, days after the chipmaker said it was resuming sales of its H20 chips to the country. Wang said China’s policies for attracting foreign investment remained unchanged, and its doors would only open wider, according to a statement issued by the ministry on Friday. Highlighting the country’s vast market, Wang encouraged multinational firms, including Nvidia, to continue... https://www.scmp.com/tech/big-tech/article/3318801/nvidia-ceo-meets-chinas-commerce-minister-discuss-ai-cooperation-foreign-investment?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318801/nvidia-ceo-meets-chinas-commerce-minister-discuss-ai-cooperation-foreign-investment?utm_source=rss_feed Fri, 18 Jul 2025 13:00:24 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose to a three-year high on Friday, mirroring Wall Street’s rally that was fuelled by strong US consumer data and earnings optimism, as investors bet on steady economic growth and cooling inflation. The Hang Seng Index closed up 1.3 per cent at 24,825.66, the highest level since February 2022, pushing the index’s gains for the week to 2.8 per cent, the most in three weeks. The Hang Seng Tech Index added 1.7 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent, while... https://www.scmp.com/business/china-business/article/3318666/hong-kong-stocks-hit-3-year-high-after-us-indexes-refresh-record-highs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318666/hong-kong-stocks-hit-3-year-high-after-us-indexes-refresh-record-highs?utm_source=rss_feed Fri, 18 Jul 2025 02:22:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index closed 1.6 per cent higher at 24,590.12, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index rose 2.8 per cent. On the mainland, the Shanghai Composite Index slipped 0.5 per cent, while the CSI 300 Index was little changed. E-commerce giant Alibaba Group Holding added 7 per cent to HK$113.50, while online games provider NetEase rose 3.4 per cent to... https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed Tue, 15 Jul 2025 02:45:39 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell after a government report showed manufacturing in China struggled to expand this month as US tariffs hampered exports, while traders braced for more volatility before a deadline on US trade deals. The Hang Seng Index dropped 0.9 per cent to 24,072.28 on Monday, while the Hang Seng Tech Index slipped 0.7 per cent. On the mainland, the Shanghai Composite Index gained 0.6 per cent and the CSI 300 Index added 0.4 per cent. WeChat operator Tencent fell 2 per cent to HK$503 and... https://www.scmp.com/business/china-business/article/3316315/hong-kong-stocks-slip-china-factory-activity-contracts-us-trade-deadline?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316315/hong-kong-stocks-slip-china-factory-activity-contracts-us-trade-deadline?utm_source=rss_feed Mon, 30 Jun 2025 02:37:02 +0000 Julie Zhang Julie Zhang Beijing’s latest reform to allow Hong Kong-listed companies to seek secondary listings in Shenzhen could bring mainland China’s most valuable tech companies such as Alibaba Group Holding and Tencent Holdings home, according to an HSBC report on Wednesday. Mainland authorities on June 10 unveiled a sweeping set of guidelines that proposed allowing Hong Kong-listed companies to issue yuan-denominated A shares on the Shenzhen Stock Exchange. This initiative is a strategic effort to deepen... https://www.scmp.com/business/banking-finance/article/3314937/beijings-reform-could-bring-hong-kong-listed-alibaba-tencent-shenzhen-hsbc?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3314937/beijings-reform-could-bring-hong-kong-listed-alibaba-tencent-shenzhen-hsbc?utm_source=rss_feed Wed, 18 Jun 2025 10:27:25 +0000 Phoebe Zhang Phoebe Zhang Two Japanese nationals have been killed in Dalian in northeastern China’s Liaoning province and a Chinese suspect has been detained, Beijing confirmed on Tuesday. Chinese foreign ministry spokesman Lin Jian said that on May 23, Dalian police received a call about two deaths. Lin said the alleged killer was the business partner of the victims, and that the incident was caused by a dispute. A statement by Dalian police said the suspect, a 42-year-old man surnamed Yuan who had been living in Japan,... https://www.scmp.com/news/china/politics/article/3312862/chinese-suspect-held-after-2-japanese-killed-liaoning-province-over-business-grudge?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3312862/chinese-suspect-held-after-2-japanese-killed-liaoning-province-over-business-grudge?utm_source=rss_feed Tue, 03 Jun 2025 07:42:41 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Monday, as rising geopolitical tensions between the US and China and disappointing property sales data weighed on sentiment. The Hang Seng Index closed 0.6 per cent lower at 23,157.97 after slumping as much as 2.7 per cent. The Hang Seng Tech Index slipped 0.7 per cent. Mainland markets were closed for the Dragon Boat Festival holiday and will resume trading on Tuesday. Electric carmaker Li Auto tumbled 2 per cent to HK$110, while peer BYD lost 1.9 per cent to HK$385.40.... https://www.scmp.com/business/china-business/article/3312685/hong-kong-stocks-sink-most-2-months-us-china-trade-tensions-rise-again?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3312685/hong-kong-stocks-sink-most-2-months-us-china-trade-tensions-rise-again?utm_source=rss_feed Mon, 02 Jun 2025 02:37:06 +0000 Danielle Popov Danielle Popov As Chinese esports giant NIP Group plans to establish a global headquarters in the Middle East, co-founder Hicham Chahine is considering how to capitalise on opportunities in vastly different video gaming markets. “The West is very accustomed to PCs, consoles,” Chahine said in an interview on May 14. “In China, gaming is a mobile phenomenon, led by companies like Tencent and NetEase.” For Chahine, the existence of super apps such as WeChat, owned by video gaming behemoth Tencent Holdings, means... https://www.scmp.com/tech/big-tech/article/3310761/chinese-esports-giant-nip-eyes-global-expansion-abu-dhabi-expansion?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310761/chinese-esports-giant-nip-eyes-global-expansion-abu-dhabi-expansion?utm_source=rss_feed Sun, 18 May 2025 03:00:14 +0000 Ann Cao Ann Cao China’s video gaming companies saw their overseas operations emerge as key revenue driver in 2024 amid slow growth in the domestic market, according to a survey of these firms’ latest annual results. Chinese video game studios are now doubling down on exporting high-quality titles to foreign markets, according to Zhang Shule, an analyst with CBJ Think Tank. The trend follows the years-long effort of both Tencent Holdings and NetEase to expand the global reach of China’s video gaming sector. Hong... https://www.scmp.com/tech/big-tech/article/3309603/chinas-video-gaming-firms-bet-overseas-revenue-growth-amid-weak-home-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3309603/chinas-video-gaming-firms-bet-overseas-revenue-growth-amid-weak-home-market?utm_source=rss_feed Thu, 08 May 2025 23:00:14 +0000