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Alibaba employees at the annual AliDay gathering in Hangzhou on Saturday. Photo: Wency Chen

Big Tech

Alibaba’s Joe Tsai: AI set to transform operations in next five years

Tsai and chief people officer Jane Jiang Fang answer questions from the staff, including the impact of the US-China trade war on the company.

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Hong Kong insurers extend Greater Bay Area medical coverage

Exclusive | Heavy equipment maker Sany to expand overseas after Hong Kong IPO

Companies

Starbucks, Luckin get buzz from smaller-city coffee sales in China

‘There is still ample room for growth in lower-tier markets,’ analyst says.

People pass a Starbucks cafe in Beijing on April 9, 2025. Photo: AFP
People pass a Starbucks cafe in Beijing on April 9, 2025. Photo: AFP

Big Tech

Temu points Chinese sellers to new markets amid US tariff woes

US tariffs are prompting Chinese merchants to seek alternative markets, but some sellers remain hopeful that the worst is soon behind them.

Big Tech

Jack Ma’s Alibaba visit sparks nostalgia over company’s humble start

A cheerful mood at Alibaba’s annual event for friends and family, as the company navigates business challenges.

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Big Tech

Xiaomi founder has ‘hardest time’ since fatal crash involving its car

Lei Jun, an active social media user, has been relatively quiet on Weibo after a fatal accident involving a Xiaomi electric vehicle.

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Xiaomi founder and CEO Lei Jun speaks during a meeting in Beijing in March. Photo: AFP
Xiaomi founder and CEO Lei Jun speaks during a meeting in Beijing in March. Photo: AFP

China EVs

BMW, Toyota, Mercedes-Benz recall nearly 70,000 vehicles in China

The large-scale recall follows a series of Chinese measures aimed at improving car safety after an accident involving a Xiaomi EV.

Banking & Finance

China dumping US Treasuries would be the nuclear option, economist says

Mutual trust between Washington and Beijing has deteriorated considerably, but a complete severing of ties is highly unlikely, economists say.

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China Business

Chinese EV brands are coming for Hyundai, Kia on their home turf

Success in the Hyundai-dominated country could burnish the image of Chinese-made EVs globally, analysts say.

Visitors walk near electric-car manufacturer BYD’s booth at the Seoul Mobility Show 2025 in Goyang City, Gyeonggi province, South Korea, on April 8, 2025. Photo: Xinhua

Banking & Finance

Trump’s tariffs are driving Asia’s ultra-rich investors away from US assets

About 10 family offices of the ultra-rich told Bloomberg they’re reducing their exposure or freezing investments, mostly in US equities and Treasuries.

A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on May 6, 2025. Photo: AFP.
A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on May 6, 2025. Photo: AFP.

Business

Addiction to China’s tungsten is over even if Beijing turns tap back on, miner says

Industry ‘in an absolute panic’ since February when China cut off exports now recognises need to diversify sources, Almonty CEO says.

Markets

Hong Kong stocks extend best winning run in a year on tariff relief hopes

US President Donald Trump says trade talks in Switzerland could yield ‘substantive’ tariff cuts.

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Big Tech

Alibaba’s Quark, China’s most popular AI app, launches ‘deep search’

The upgrade combines the reasoning capabilities of AI models with online search to answer complex user queries.

Alibaba’s Quark app is marketed as an AI super-assistant app. Photo: Handout

Companies

Chairman of TVB makes personal investment in Hong Kong broadcaster

Thomas Hui To says acquisition of shares in Young Lion Holdings reflects his ‘firm confidence in TVB’s sustained growth trajectory’.

A character called TV Buddy stands outside TVB City in Tseung Kwan O on April 25, 2024. Photo: Yik Yeung-man
A character called TV Buddy stands outside TVB City in Tseung Kwan O on April 25, 2024. Photo: Yik Yeung-man

Tech War

Tech war: China’s top chipmakers see shares plunge amid tariff uncertainty

SMIC and Hua Hong both warned of challenges in the second half of 2025, but reported strong revenue growth for the first quarter.

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Banking & Finance

More Hong Kong IPO hopefuls emerge as sentiment draws investors

SAIC Mobility unveiled its plans on Friday; others like Mirxes, Insilico and CiDi revive their applications, according to exchange filings.

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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illustration by Lau Ka-kuen
illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

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Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP
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OPINION
Nicholas Spiro

Macroscope | There’s more to Taiwan’s currency shock than meets the eye

Nicholas Spiro
Jianlu Bi

Opinion | The cost of Trump’s trade war to the US is becoming clear

Jianlu Bi
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Ken Ip

Opinion | China knows how to produce. The next test is whether it can consume

Ken Ip
Zhou Xin

My Take | China’s ‘instant commerce’ is no fast fix for low consumer spending

Zhou Xin
David Chao

Opinion | The convergence of AI and robotics couldn’t have come at a better time

David Chao
Peter T. C. Chang

Opinion | Trump’s unpredictability and a fractured US are a dangerous mix

Peter T. C. Chang
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MULTIMEDIA
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
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