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Shanghai
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
Workers produce lithium batteries in Qinyang, central China’s Henan province. Photo: Xinhua
China’s private sector

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.

Malaysia

Chinese tourists escaping cold flock to Malaysia for Lunar New Year fun

China consumption

China targets foreign tourists for Lunar New Year ‘consumption feast’

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Artificial intelligence

Moonshot AI targets US$12 billion valuation as revenue surges for Kimi models

The latest round was jointly led by existing investors including Alibaba, Tencent, Andon and 5Y Capital, according to a source.

Moonshot’s flagship Kimi K2.5 was named one of the strongest open models in the world by third-party benchmark firm Artificial Analysis. Photo: Shutterstock Images
China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

Retailing

Sam’s Club cracks China market formula even as foreign retailers shut shop

The warehouse retailer opened 10 new stores in 2025, accelerating expansion in smaller cities like Zhangjiagang and Yangzhou.

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Japan

Russia emerges as unlikely growth market for Japan tourism as China pulls back

New visa centres in Moscow and St Petersburg reflect a sharp rise in Russian demand as Chinese arrivals fall amid diplomatic tensions.

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Foreign tourists wearing Japanese traditional kimono clothes pose for a photograph near Sensoji temple at Asakusa district, a popular sightseeing spot in Tokyo. Photo: Reuters
Food and Drinks

This TCM bar in China makes customers drinks based on its doctor’s diagnoses

Shanghai bar Niang Qing is one of many new traditional Chinese medicine bars that offer bespoke wellness to China’s stressed-out youth.

China's economic recovery

China’s Xi prioritises ‘AI-plus’ and consumer spending to counter economic risks

Previously unreleased comments by Xi urge income growth and tech breakthroughs, potentially setting stage for measures ahead of March’s parliamentary meetings.

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Artificial intelligence

Humanoids go mainstream as China’s robotics champions appear at CCTV spectacle

ByteDance, Unitree, RedNote, Bilibili and Kuaishou among the firms involved in the unparalleled nationwide marketing opportunity.

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Bot the star of the show: a dancing robot delights during China Central Television’s Spring Festival Photo: CCTV
China property

Green shoots for China property? Maybe – but the turnaround’s still shaky

Home-price declines eased in January and policy support is building, but analysts warn oversupply continues to cloud the outlook.

New and existing home prices across 70 major mainland cities fell at a slower pace month on month in January, according to data released by the National Bureau of Statistics. Photo: AFP
Taiwan

Over 3 million Taiwanese visited mainland China in 2025, Taipei says

Taiwanese media attributes slow post-pandemic recovery to cross-strait tensions, partial travel bans.

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Artificial intelligence

The AI future is now, and markets are reacting differently in the US and China

Investor jitters grow in the US as AI reshapes expectations, but China’s markets have so far reacted with caution rather than panic.

China property

No floor yet: China home prices keep falling despite policy support

Monthly declines narrowed in January, yet worsening year-on-year prices suggest housing pressures persist.

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Chill wind: analysts say China’s nationwide home prices have not yet shown signs of stabilisation. Photo: EPA

Video | Sinkhole appears in Shanghai

The section was closed for repairs and no injuries were reported.

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IPO

Will Chinese AI chip designer Enflame’s Shanghai IPO be another blockbuster?

Tencent-backed Enflame’s listing on the Star Market could follow successful recent flotations from peers Moore Threads, MetaX and Biren.

Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

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Artificial intelligence

China’s Zhipu AI launches new major model GLM-5 in challenge to its rivals

The GLM-5 represents a shift in AI development from ‘vibe coding’ to ‘agentic engineering’ to generate an enhanced performance.

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Zhipu AI, known internationally as Z.ai, says that the new GLM-5 represents a significant shift in AI development. Photo: Shutterstock
South Korea

South Koreans swap ancestral rites for Japan getaways this Lunar New Year

Short holidays and a weak yen drive the ‘aeroplane instead of the ancestral table’ trend.

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Robotics

Opinion | For clues to China’s next overcapacity cycle, watch the Spring Festival Gala

AI robots taking centre stage at the coming Spring Festival Gala – now a national tech showcase – will signal official endorsement and likely trigger herd investment.

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Hong Kong stock market

Sudden closure of Chinese restaurant chain’s outlets leaves diners in limbo

Operator Shanghai XNG Holdings suspends operations at 10 branches on the mainland, saying the closures are part of a strategic realignment.

Shanghai XNG Holdings reached a peak of more than 100 outlets across its brands in 2015. Photo: Weibo
China-Japan relations

How Takaichi’s big win in Japan may complicate Beijing’s Taiwan policy

Taiwan’s opposition leader warns against ‘being reduced to a pawn in strategic competition’, urges efforts to prevent conflict in strait.

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The Liberal Democratic Party, led by Japanese Prime Minister Sanae Takaichi, has secured a two-thirds supermajority in the lower house of parliament after Sunday’s snap election. Photo: AFP
Semiconductors

Shanghai boosts chip fund 11-fold in China’s self-reliance push

Registered capital increases by US$794 million as country’s semiconductor hub strives to nurture local firms.

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Yuan

China keen to realise ambitions for digital currency amid slow uptake

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, analysts say.

Banking & finance

China slashes wait times for loss-making tech firms seeking refinancing, fundraising

Three of China’s stock exchanges have relaxed fundraising time thresholds on listed tech companies as Beijing pushes for self-reliance.

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People walk past the Shanghai Stock Exchange Building in Shanghai, China. Photo: EPA-EFE
China travel

China’s cruise industry passes major milestone as Beijing eyes travel boom

As domestic liner handles 1 millionth passenger, Beijing says it aims to turn yachts and cruise ships into major new consumption drivers.

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The Adora Magic City is the first Chinese-made large cruise ship. Photo: Getty Images
China’s private sector

Before the factory floor, the dance floor: robots find path to market at US$145

Humanoid robots may one day transform factories and warehouses, but for now their most immediate role is keeping the party going.

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Cryptocurrency

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

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