Business /

Companies

Related Topics:
Banking & finance
Automotive industry
Industrials
Luxury & Gaming
Transport and logistics
Alibaba employees at the annual AliDay gathering in Hangzhou on Saturday. Photo: Wency Chen
Alibaba

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.

videocam
IPO

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

Food and Drinks

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

E-commerce

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.

Temu, owned by PDD Holdings, is urging Chinese merchants to consider alternative overseas markets amid a US-China trade war. Photo: Shutterstock
Temu, owned by PDD Holdings, is urging Chinese merchants to consider alternative overseas markets amid a US-China trade war. Photo: Shutterstock
Electric & new energy vehicles

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.

Alibaba

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.

6
Advertisement
Advertisement
Advertisement
Xiaomi

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.

4
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
Artificial intelligence

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.

Hong Kong stock market

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’.

IPO

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.

videocam
Exchange Square in Central. Photo: Jelly Tse
Electric & new energy vehicles

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
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
China economy

Luxury labels ditch steep China discounts to rebuild value

Balenciaga, Versace, Valentino and peers change tack to convey exclusivity, attract resilient spending of wealthy buyers.

Electric & new energy vehicles

Chinese company may step in as LG exits Indonesia EV battery project

Indonesia’s state-owned Antara news agency reported that the Energy, Mineral and Coal Suppliers Association warned LGES’s exit could derail the EV industry road map.

Alibaba

Alibaba breaks down barriers as e-commerce giant focuses on core priorities

Alibaba will ‘mobilise at full strength and concentrate our efforts on a few core strategic priorities’, CEO Eddie Wu says in memo to staff.

Alibaba has stepped back from its original plan to carve up the group. Photo: Shutterstock
Robotics

China’s Unitree fixes flaw that gives hackers remote control of robots

The start-up has downplayed the impact of the vulnerability, noting that the affected model has been discontinued.

Unitree’s Go2-W robot interacts with an attendee during the Mobile World Congress in Barcelona. Photo: AFP
Unitree’s Go2-W robot interacts with an attendee during the Mobile World Congress in Barcelona. Photo: AFP
Hong Kong property

Hong Kong’s 3 biggest developers to dominate 60% of housing supply

The three developers will deliver 60 per cent of new homes in 2025 and 2026, up from 40 per cent in 2023 and 2024, JLL says.

Huawei

Huawei unveils a HarmonyOS laptop, its first Windows-free computer

The device features Huawei’s AI assistant and a wide range of Chinese software, including WPS and Alibaba’s DingTalk.

Advertisement
Advertisement
Advertisement
US-ally trade wars

Toyota braces for bumpy year in 2025 as tariffs roil carmakers’ profits

Toyota said operating income may come in at ¥3.8 trillion (US$26 billion) for the year ending March 31, 2026, falling far short of analyst expectations.

Chinese workers assemble Toyota SUVs on the assembly line at a plant of FAW-Toyota in Changchun city in northeast China’s Jilin province on February 17th, 2020. Photo: Getty Images.
Chinese workers assemble Toyota SUVs on the assembly line at a plant of FAW-Toyota in Changchun city in northeast China’s Jilin province on February 17th, 2020. Photo: Getty Images.
Tourism

Disney to build theme park in Abu Dhabi in the UAE, its seventh

Abu Dhabi developer to fund project on Yas Island, already home to other amusement parks, SeaWorld and a water park.

Electric & new energy vehicles

Tesla China deliveries drop as buyers favour cheaper domestic models

A sales increase in March proves short-lived, as April deliveries by the company’s Shanghai factory plunge nearly 26 per cent.

videocam
9
Artificial intelligence

DeepSeek’s AI system gets faster with Tencent’s open-source boost

The leading Chinese AI start-up has adopted an open-source technical solution from Tencent, leading to a ‘huge speed boost’.

videocam
DeepSeek says it has used an open-source technical solution from Tencent to improve its AI system. Photo: Shutterstock
Electric & new energy vehicles

Geely Auto offers to buy full control of Zeekr, delist EV unit from NYSE

Take-private offer could cost Geely as much as US$2.24 billion, values the NYSE-listed firm at US$6.5 billion.

videocam
The Zeekr 9X plug-in hybrid SUV is displayed at the Auto Shanghai show. Photo: Reuters
The Zeekr 9X plug-in hybrid SUV is displayed at the Auto Shanghai show. Photo: Reuters
Hong Kong property

Brisk Hong Kong home buying continues with third Sierra Sea sellout

Buyer confidence ‘will significantly strengthen’ and first-hand transactions this month are ‘bound to increase’, Centaline CEO says.

China property

China’s Country Garden borrows from services unit to finish homes

Country Garden Services loans 1 billion yuan (US$138 million) to entities controlled by group’s chairwoman Yang Huiyan, filing says.

Artificial intelligence

Tech unicorn Zhipu AI joins China’s LLM price war

Zhipu AI is heating up a price war in a market segment where Big Tech firms Tencent, iFlytek, Alibaba and ByteDance are the prominent players.

videocam
Large language models are the technology underpinning ChatGPT and other generative artificial intelligence services. Photo: Shutterstock
Help preserve 120 years of quality journalism.
SUPPORT NOW