https://www.scmp.com/rss/501947/feed Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Alice Yan Alice Yan Foreign visitors have been flocking to spa centres in China to try a unique cultural experience at an affordable price. Many foreigners have been amazed by the bathhouses in the country because they operate on a 24-hour basis. Not only can people take a bath at hot springs, but they can also enjoy everything from fruit, drinks, ice cream and a buffet, to singing Karaoke, playing with game machines, billiards and mahjong. Some places also provide libraries and mini cinemas, the China News... https://www.scmp.com/news/people-culture/article/3349269/foreigners-flock-china-spas-enjoy-unique-cultural-baths-amid-rise-wellness-tourism?utm_source=rss_feed https://www.scmp.com/news/people-culture/article/3349269/foreigners-flock-china-spas-enjoy-unique-cultural-baths-amid-rise-wellness-tourism?utm_source=rss_feed Fri, 10 Apr 2026 10:00:10 +0000 Alcott Wei Alcott Wei Taiwan can learn from the way mainland China uses artificial intelligence, Taiwanese opposition leader Cheng Li-wun said during her visit to Shanghai. The Kuomintang (KMT) chairwoman visited the headquarters of Meituan on Wednesday, where she was welcomed by founder and CEO Wang Xing. The company, which goes by Keeta outside the mainland, operates China’s biggest online takeaway platform, as well as offering grocery delivery, bike rental and other services. The company uses AI extensively to... https://www.scmp.com/news/china/politics/article/3349540/taiwan-should-learn-mainland-ai-kmt-head-cheng-li-wun-says?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3349540/taiwan-should-learn-mainland-ai-kmt-head-cheng-li-wun-says?utm_source=rss_feed Thu, 09 Apr 2026 11:00:37 +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 Fran Lu Fran Lu A new solo dining trend among Chinese people is boosting the success of Japanese diner brands such as Sushiro. The conveyor belt sushi chain opened its first mainland shop in Guangzhou in southern China’s Guangdong province in 2021. Its popularity boomed when the brand opened its first shop in Beijing in 2024. It was reported that there was a queue of up to 1,500 tables. When Sushiro entered Shanghai in December 2025, there were already 700 groups of people waiting before its first opening.... https://www.scmp.com/news/people-culture/trending-china/article/3348481/japan-solo-dining-chain-surges-popularity-china-hours-long-wait-times-lead-scalpers?utm_source=rss_feed https://www.scmp.com/news/people-culture/trending-china/article/3348481/japan-solo-dining-chain-surges-popularity-china-hours-long-wait-times-lead-scalpers?utm_source=rss_feed Wed, 01 Apr 2026 06:00:09 +0000 Mia Nurmamat Mia Nurmamat China’s market regulator has told companies including electric vehicle maker BYD and battery giant Contemporary Amperex Technology Ltd (CATL) to compete healthily when expanding overseas, amid mounting accusations of unfair competition, subsidies and dumping levelled at Chinese companies in global markets. Chinese firms should standardise their competitive behaviour and “build a healthy competition ecosystem” in their overseas expansion, the State Administration for Market Regulation said in an... https://www.scmp.com/economy/china-economy/article/3348163/chinese-market-regulator-tells-firms-focus-healthy-competition-overseas?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348163/chinese-market-regulator-tells-firms-focus-healthy-competition-overseas?utm_source=rss_feed Fri, 27 Mar 2026 13:00:09 +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 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 Charmaine Mok Charmaine Mok China’s 2026 Black Pearl Restaurant Guide awards were announced on March 23, just days after the star rankings for the Michelin Guide Hong Kong and Macau were unveiled on March 19, and before the coming ceremony for Asia’s 50 Best Restaurants to be held in Hong Kong on March 25. The guide, often referred to as China’s answer to France’s century-old restaurant ranking system, awards venues using a three-tiered “diamond” system as opposed to Michelin’s star ratings. Similarly, Black Pearl... https://www.scmp.com/lifestyle/food-drink/article/3347594/2026-black-pearl-restaurant-guide-awards-hong-kongs-chefs-top-honours?utm_source=rss_feed https://www.scmp.com/lifestyle/food-drink/article/3347594/2026-black-pearl-restaurant-guide-awards-hong-kongs-chefs-top-honours?utm_source=rss_feed Mon, 23 Mar 2026 10:34:58 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose for a third day on Wednesday as investors tracked overnight gains on Wall Street and took cues from stabilising oil prices, despite lingering geopolitical tensions in the Middle East. The Hang Seng Index added 0.6 per cent to 26,025.42 at the close of trading, marking its third consecutive day of gains and the longest winning streak since January 29. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index gained 0.5 per cent and the Shanghai... https://www.scmp.com/business/china-business/article/3346952/hong-kong-stocks-extend-winning-streak-amid-stabilising-oil-prices-despite-iran-conflict?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346952/hong-kong-stocks-extend-winning-streak-amid-stabilising-oil-prices-despite-iran-conflict?utm_source=rss_feed Wed, 18 Mar 2026 02:04:27 +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 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 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 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 Wency Chen,Coco Feng Wency Chen,Coco Feng Chinese technology companies that have rapidly expanded across the Middle East face a sudden test amid Iran’s response to the US-Israel attack, as mounting hostilities disrupt their operations. Several firms that accelerated investment in the region over the past year have temporarily suspended services, shifted staff to remote work and reviewed contingency plans as security risks mount in the short term. Baidu, which began operating its Apollo robotaxi service in Abu Dhabi, the capital of the... https://www.scmp.com/tech/big-tech/article/3345148/iran-war-disrupts-chinese-tech-firms-middle-east-operations?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3345148/iran-war-disrupts-chinese-tech-firms-middle-east-operations?utm_source=rss_feed Mon, 02 Mar 2026 13:00:09 +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 Ann Cao Ann Cao Chinese tech giants claimed a victory after a promotional giveaway campaign for their artificial intelligence services during the Lunar New Year, touting surging user numbers and the adoption of AI as part of holiday consumption. During the period, Alibaba Group Holding’s AI app Qwen saw nearly 200 million orders placed, according to data released by the company on Monday. Alibaba owns the South China Morning Post. Among the users were more than four million people aged 60 and above who... https://www.scmp.com/tech/article/3344432/ai-apps-soar-china-lunar-new-year-giveaway-battle-boosts-user-growth?utm_source=rss_feed https://www.scmp.com/tech/article/3344432/ai-apps-soar-china-lunar-new-year-giveaway-battle-boosts-user-growth?utm_source=rss_feed Tue, 24 Feb 2026 09:30:09 +0000 Themis Qi Themis Qi Hong Kong’s tech equity benchmark is struggling to balance the artificial intelligence frenzy and picking the right industry leaders, leading to its underperformance this year, according to analysts. The Hang Seng Tech Index, which comprises 30 technology-related companies including Tencent Holdings, Alibaba Group Holding and Meituan, has fallen 5.5 per cent this year up to Friday, giving up some of last year’s 23.5 per cent gains. In contrast, the broad-based Hang Seng Index has risen 0.3 per... https://www.scmp.com/business/markets/article/3344255/why-hang-seng-tech-index-doldrums-while-ai-shares-are-soaring?utm_source=rss_feed https://www.scmp.com/business/markets/article/3344255/why-hang-seng-tech-index-doldrums-while-ai-shares-are-soaring?utm_source=rss_feed Mon, 23 Feb 2026 01:15:07 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday on the first trading day of the Year of the Horse, led by tech heavyweights, with escalating tensions between the US and Iran hurting sentiment. The Hang Seng Index closed 1.1 per cent lower at 26,413.35, after the market reopened following a three-day holiday for the Lunar New Year. The Hang Seng Tech Index dropped 2.9 per cent. Mainland China’s bourses are closed this week and will reopen on Tuesday. E-commerce major Alibaba Group Holding slumped 4.9 per cent to... https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed Fri, 20 Feb 2026 02:04:32 +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’s offshore yuan bond market is set for another strong year – as the yuan climbed to its strongest level in nearly three years – prompting bankers to forecast more deals in 2026. The city’s dim sum bond market, yuan-denominated notes issued outside mainland China, had evolved from a niche funding channel into a more mainstream financing option, as technology firms and global companies accessed a deeper pool of renminbi liquidity amid a firmer currency, bankers said. They added that the... https://www.scmp.com/business/china-business/article/3343282/yuan-rally-puts-fresh-steam-hong-kongs-dim-sum-bond-revival?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343282/yuan-rally-puts-fresh-steam-hong-kongs-dim-sum-bond-revival?utm_source=rss_feed Thu, 12 Feb 2026 11:00:09 +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 Themis Qi Themis Qi Chinese artificial intelligence system-on-chip (SoC) supplier Axera Semiconductor traded flat on its debut in Hong Kong on Tuesday, as market sentiment turned to favour profitable industry leaders. Shares of the Zhejiang province-based firm closed at HK$28.20, the same as the offer price, after briefly rising above HK$29 in morning trade. It ended the day with a market capitalisation of over HK$16.5 billion. The company issued 100 million shares, raising HK$2.96 billion (US$378.7 million). Axera... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed Tue, 10 Feb 2026 03:40:35 +0000 Coco Feng Coco Feng As the Lunar New Year holiday approaches, the Chinese government has summoned Meituan, Alibaba Group Holding, Didi Chuxing, SF Express and other logistics firms to ensure the welfare of the tens of millions of gig workers who keep the country running during the rush. The “employment administrative guidance” session, held recently by the Ministry of Human Resources and Social Security, in coordination with six other government agencies, called on 16 major Chinese platform and logistics operators... https://www.scmp.com/tech/big-tech/article/3342989/china-calls-delivery-ride-hailing-firms-respect-gig-worker-rights-ahead-holiday?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3342989/china-calls-delivery-ride-hailing-firms-respect-gig-worker-rights-ahead-holiday?utm_source=rss_feed Tue, 10 Feb 2026 02:37:35 +0000 Cao Li,Daniel Ren,Ann Cao Cao Li,Daniel Ren,Ann Cao China’s food delivery giant Meituan said on Thursday that it had agreed to acquire Dingdong, a leading on-demand commerce platform in China specialising in fresh groceries. Meituan said it would purchase all issued shares of Dingdong Fresh Holding, wholly owned by New York-listed Dingdong (Cayman) Limited, for an initial consideration of US$717 million, subject to adjustment, according to a filing with the Hong Kong stock exchange. The deal is subject to conditions including antitrust clearance... https://www.scmp.com/business/article/3342537/chinas-meituan-snaps-dingdong-deepen-push-fresh-grocery-retail?utm_source=rss_feed https://www.scmp.com/business/article/3342537/chinas-meituan-snaps-dingdong-deepen-push-fresh-grocery-retail?utm_source=rss_feed Thu, 05 Feb 2026 10:54:35 +0000 Yulu Ao Yulu Ao Hong Kong stocks edged up on Thursday, as robust southbound inflows overcame losses in technology shares driven by valuation and AI-related concerns. The Hang Seng Index ended 0.1 per cent higher at 26,885.24 as of the close of trading, after dropping as much as 1.6 per cent. The Hang Seng Tech Index gained 0.7 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index lost 0.6 per cent. Search-engine operator Baidu rose 2.7 per cent to HK$140.90 after unveiling a US$5... https://www.scmp.com/business/china-business/article/3342440/alibaba-kuaishou-smic-drop-hong-kong-tech-stock-sell-ai-fears-grip?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342440/alibaba-kuaishou-smic-drop-hong-kong-tech-stock-sell-ai-fears-grip?utm_source=rss_feed Thu, 05 Feb 2026 02:13:15 +0000 Yulu Ao Yulu Ao Hong Kong stocks edged up on Wednesday, recovering from tech-led losses in the morning, as gains in mainland solar companies and easing concerns over a broad value-added tax (VAT) hike helped lift sentiment. The Hang Seng Index rose 0.1 per cent to 26,847.32 at the close of trading, after falling as much as 0.9 per cent earlier. The Hang Seng Tech Index fell 1.8 per cent. On the mainland, the CSI 300 Index gained 0.8 per cent while the Shanghai Composite Index added 0.9 per cent. Power-tool... https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed Wed, 04 Feb 2026 01:52:34 +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 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 Aileen Chuang Aileen Chuang Hong Kong’s local currency and offshore yuan bonds are expected to maintain their growth momentum in 2026, driven by deepened market benchmarks and demand, according to a senior banker. The broader Asian bond market, excluding Japan, has had a busy start to 2026, with high-profile issuances in Hong Kong dollars and offshore yuan leading the way, riding on last year’s record volumes. On Friday, Kuaishou Technology sold a 3.5 billion yuan (US$502 million) five-year note – known as a dim sum bond –... https://www.scmp.com/business/banking-finance/article/3340322/hong-kong-dollar-and-yuan-bonds-forecast-sustain-record-growth-momentum-2026?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340322/hong-kong-dollar-and-yuan-bonds-forecast-sustain-record-growth-momentum-2026?utm_source=rss_feed Mon, 19 Jan 2026 01:30:14 +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 Cao Li Cao Li Hong Kong stocks rallied on Monday, lifted by gains in healthcare and technology shares, while daily turnover on mainland China’s exchanges surged to a record high. The Hang Seng Index climbed 1.4 per cent to close at 26,608.48, while the Hang Seng Tech Index climbed 2.9 per cent. On the mainland, the CSI 300 Index advanced 0.65 per cent and the Shanghai Composite Index gained 1.1 per cent. Trading volume on the Shanghai and Shenzhen exchanges shares hit a record 3.58 trillion yuan (US$513.2... https://www.scmp.com/business/article/3339531/hong-kong-stocks-edge-higher-tech-and-pharmaceutical-gains?utm_source=rss_feed https://www.scmp.com/business/article/3339531/hong-kong-stocks-edge-higher-tech-and-pharmaceutical-gains?utm_source=rss_feed Mon, 12 Jan 2026 02:33:43 +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 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 Zoey Zhang Zoey Zhang A quartet of singer Jay Chou lookalikes in China has produced a video supporting the pop idol’s new role as a delivery brand ambassador, sending social media into a frenzy of laughter. On December 18, the Chinese delivery giant Meituan unveiled Chou as its brand ambassador following their high-profile partnership with actress Liu Yifei. Known as the “King of Mandopop”, the Taiwanese singer-songwriter has amassed more than 23 million followers on mainland social media thanks to his musical... https://www.scmp.com/news/people-culture/china-personalities/article/3337307/china-food-delivery-platform-names-jay-chou-brand-ambassador-supported-lookalikes?utm_source=rss_feed https://www.scmp.com/news/people-culture/china-personalities/article/3337307/china-food-delivery-platform-names-jay-chou-brand-ambassador-supported-lookalikes?utm_source=rss_feed Tue, 30 Dec 2025 01:00:08 +0000 Brian Y. S. Wong Brian Y. S. Wong Given the breakneck speed of technological and commercial developments across the world, China is perhaps one of only a few sovereign states with a comprehensive strategy on both artificial intelligence (AI) and robotics. The Chinese state philosophy in AI development is anchored in diffusion, as opposed to maximising the cutting-edge performance of select generative or reasoning models. While American and European investors are lured by the prospects of superintelligent and humanoid robots,... https://www.scmp.com/opinion/china-opinion/article/3336289/protection-vulnerable-workers-must-be-part-chinas-ai-strategy?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3336289/protection-vulnerable-workers-must-be-part-chinas-ai-strategy?utm_source=rss_feed Fri, 19 Dec 2025 21:30:08 +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 Yating Yang Yating Yang China’s state broadcaster CCTV has come under fire over a short film that romanticises food delivery jobs. The film told viewers that such jobs offer “the freedom to enjoy the scenery along the way” and “brings delivery workers closer to their dreams”. Netizens slammed the video for glorifying hardship and suffering, describing it as being tone-deaf to the real struggles faced by delivery workers. On November 28, CCTV and Meituan, the operator of China’s major on-demand delivery platform,... https://www.scmp.com/news/people-culture/trending-china/article/3335210/china-cctv-removes-short-film-romanticises-food-delivery-work-after-public-backlash?utm_source=rss_feed https://www.scmp.com/news/people-culture/trending-china/article/3335210/china-cctv-removes-short-film-romanticises-food-delivery-work-after-public-backlash?utm_source=rss_feed Wed, 17 Dec 2025 06:00:39 +0000 Eunice Xu Eunice Xu TikTok owner ByteDance is the top recruiter in China’s tech sector this year, while at the same time artificial intelligence-related job postings on the mainland have risen more than 500 per cent, according to a report by Maimai, China’s largest professional social networking platform. ByteDance dominated tech hiring between January and October, with a hiring index of 897, ahead of Meituan at 587 and Alibaba Group Holding at 407, while AI related job listings surged 543 per cent, the report... https://www.scmp.com/tech/tech-trends/article/3336503/bytedance-dominates-chinas-tech-hiring-ai-talent-demand-surges?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336503/bytedance-dominates-chinas-tech-hiring-ai-talent-demand-surges?utm_source=rss_feed Mon, 15 Dec 2025 23:00:10 +0000 Iris Deng Iris Deng Apple customers in selected mainland Chinese cities can now get a new iPhone delivered to their door for free within three hours, as the US tech giant steps up efforts to defend its turf in the world’s largest smartphone market. From Wednesday, three-hour delivery is free for in-stock items including the iPhone, iPad, Apple Watch, MacBook Pro, MacBook Air and AirPods. Other products will incur a delivery fee of 45 yuan (US$6.40). Apple normally charges 45 yuan for its express service in mainland... https://www.scmp.com/tech/article/3336056/apple-takes-chinas-smartphone-battle-house-house-free-3-hour-iphone-delivery?utm_source=rss_feed https://www.scmp.com/tech/article/3336056/apple-takes-chinas-smartphone-battle-house-house-free-3-hour-iphone-delivery?utm_source=rss_feed Thu, 11 Dec 2025 09:06:18 +0000 Ben Jiang Ben Jiang China is likely to overtake the United States in artificial intelligence within a decade because of its faster buildout of the power and data-centre infrastructure that AI relies on, according to a veteran Chinese investor. “It’s much easier [for China] to catch up on algorithms and AI models than [for the US] to build up the data centres and power plants [that run AI],” said Allen Zhu Xiaohu, managing director at GSR Ventures, on a recent podcast. “AI competition is really a competition in data... https://www.scmp.com/tech/article/3335892/ai-race-comes-down-power-and-data-centres-and-china-has-edge-says-unicorn-hunter?utm_source=rss_feed https://www.scmp.com/tech/article/3335892/ai-race-comes-down-power-and-data-centres-and-china-has-edge-says-unicorn-hunter?utm_source=rss_feed Wed, 10 Dec 2025 10:00:26 +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 Yulu Ao Yulu Ao Hong Kong stocks slipped on Monday, snapping a two-day rebound, as investors remained cautious about the US Federal Reserve’s decision on interest rate cuts and awaited clearer policy direction ahead of China’s Central Economic Work Conference later this month. The Hang Seng Index lost 1.2 per cent to 25,765.36 at the close of trading, the biggest decline since November 21. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index gained 0.8 per cent and the Shanghai... https://www.scmp.com/business/china-business/article/3335548/hong-kong-stocks-retreat-investors-await-china-policy-cues-tech-property?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335548/hong-kong-stocks-retreat-investors-await-china-policy-cues-tech-property?utm_source=rss_feed Mon, 08 Dec 2025 02:13:55 +0000 Ji Siqi Ji Siqi With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In early November, the chairman of one of China’s top construction machinery makers was spotted touring potential factory sites in Piracicaba, a city in... https://www.scmp.com/economy/china-economy/article/3335198/blue-ocean-market-why-brazil-becoming-magnet-chinese-investment?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335198/blue-ocean-market-why-brazil-becoming-magnet-chinese-investment?utm_source=rss_feed Thu, 04 Dec 2025 22:00:15 +0000 Mia Nurmamat Mia Nurmamat With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. The “Made in China” label has evolved considerably in recent decades. Mostly found affixed to low-cost goods of relative simplicity in China’s early years as a... https://www.scmp.com/economy/global-economy/article/3333074/chinas-companies-become-industry-leaders-where-world-are-they-going?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3333074/chinas-companies-become-industry-leaders-where-world-are-they-going?utm_source=rss_feed Thu, 04 Dec 2025 07:52:55 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating... https://www.scmp.com/business/china-business/article/3334568/meituan-slides-loss-milk-tea-subsidy-war-instant-commerce-rival-alibaba?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334568/meituan-slides-loss-milk-tea-subsidy-war-instant-commerce-rival-alibaba?utm_source=rss_feed Fri, 28 Nov 2025 13:36:44 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks dropped on Friday after four days of advances, as investors searched for fresh catalysts after pricing in expectations about a US interest-rate cut that reversed a tumble triggered by concerns about an artificial-intelligence bubble. The Hang Seng Index fell 0.3 per cent to 25,858.89 at the close. For the month, the benchmark fell 0.2 per cent, recording its second consecutive monthly decline. The Hang Seng Tech Index gained less than 0.1 per cent. On the mainland, the CSI 300... https://www.scmp.com/business/china-business/article/3334444/hong-kong-stocks-end-4-day-streak-investors-move-rate-cut-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334444/hong-kong-stocks-end-4-day-streak-investors-move-rate-cut-expectations?utm_source=rss_feed Fri, 28 Nov 2025 02:27:56 +0000