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China Business
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China economy
China Business
Data centres push Asia’s cross-border property investment towards 2-year high
Anticipated growth of 50 per cent will drive 2024 cross-border investments to about US$48 billion, according to Knight Frank.
1 hour ago
Hong Kong stock losses extend to 3 days as investors await stimulus details
12 minutes ago
Alibaba’s global commerce unit launches new translation-focused AI model
16 Oct 2024 - 9:45AM
China Business
Could hint of more Chinese government stimulus sustain stock market bull run?
Investors are hoping that clues about Chinese government borrowing will buoy stocks in Hong Kong and on the mainland.
16 Oct 2024 - 8:23AM
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People on an overpass in Shanghai. Photo: Reuters
China
China’s Great Wall Motors to open factory in Brazil in May: report
GWM will focus on producing the Haval H6, a hybrid sports SUV that has been approved to benefit from a Brazilian tax incentive programme.
16 Oct 2024 - 5:39AM
Big Tech
TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside US, Asia
ByteDance-owned TikTok attributed that increase to its growing user base, improved ad performance and greater live-streaming revenue.
15 Oct 2024 - 8:30PM
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Big Tech
Chinese brands, Apple drive global smartphone shipments
Shipments from Vivo surged nearly 23 per cent in the third quarter, while Samsung’s fell almost 3 per cent, according to IDC.
15 Oct 2024 - 6:39PM
China Business
Hong Kong and Chinese stocks slide as weak economic data fuels concerns
Hang Seng Index slumped 3.7 per cent to 20,318.79 for a second day of losses.
15 Oct 2024 - 4:20PM
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Screens showing the index and stock prices outside Exchange Square in Hong Kong. Photo: Sun Yeung
Tech Trends
Vivo unveils X200 smartphone weeks after release of new Apple, Huawei handsets
The X200 series marks the latest effort by Vivo to crack the global smartphone industry’s lucrative high-end segment.
15 Oct 2024 - 9:21AM
Big Tech
Alibaba, JD.com, Pinduoduo kick-start Singles’ Day promotions on same day
The e-commerce rivals’ respective promotions look to benefit from healthier consumer spending on the back of Beijing’s stimulus measures.
14 Oct 2024 - 8:29PM
China Business
Shanghai, Hong Kong ports lag global peers on services, CY Leung says
‘Drawbacks are obvious’, and both cities must upgrade to ‘wield more influence’ in global shipping, says Hong Kong’s former chief executive.
14 Oct 2024 - 8:15PM
Banking & Finance
HKEX launches white paper to ‘spark discussion’ on cutting settlement time
The bourse operator is enhancing its systems to create a clearing and settlement platform that will make the market T+1 ready by end of 2025.
15 Oct 2024 - 9:55AM
The Hong Kong Stock Exchange in Central. Photo: SCMP/Edmond So
China Business
Hong Kong stocks fall after China’s stimulus plans disappoint
Finance minister Lan Fo’an said China plans to sell more debt to help lessen local-government risks.
14 Oct 2024 - 4:23PM
Markets
Mobius joins Goldman bet on China boost for emerging-market equities
‘The total pool of money coming into emerging markets will expand,’ veteran investor says. ‘You will see this whole market move.’.
13 Oct 2024 - 2:52PM
Tech War
US-sanctioned camera maker Hikvision said to be slashing jobs
The Hangzhou-based company says it is optimising its research manpower, while denying large-scale lay-offs.
13 Oct 2024 - 9:00AM
Tech Trends
Moonshot AI updates Kimi chatbot to offer capabilities akin to OpenAI o1
Kimi Chat Explore is touted by Moonshot AI as being able to ‘think and reflect’ in response to user queries.
13 Oct 2024 - 7:00AM
Moonshot AI said its updated chatbot offers problem-solving capabilities similar to the advances shown by OpenAI o1. Photo: Shutterstock
China Business
In electric buses as with EVs, it’s China versus rest of the world
As China’s market matures, exports hold the key to future profitability for Yutong, Foton and peers in rivalry with European electric-bus producers.
12 Oct 2024 - 8:47AM
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Big Tech
Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban
The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.
11 Oct 2024 - 9:00PM
Big Tech
Apple opens lab in China amid fierce competition with Huawei
The new facility in the Hetao Shenzhen-Hong Kong tech cooperation zone is one of several Apple research centres in China.
11 Oct 2024 - 5:00PM
20
China Business
China’s US$3 trillion stock surge triggers wild volatility reminiscent of 2015 crash
Profit-taking and retail investor frenzy are driving the swings in China’s onshore markets, raising concerns about a potential market correction.
11 Oct 2024 - 5:31PM
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The ChiNext index of start-ups trading in Shenzhen surged 67 per cent within seven trading days up to Tuesday. Photo: Xinhua
Big Tech
TikTok slashes hundreds of jobs in shift towards AI content moderation
Short-video platform TikTok currently employs a mix of automated detection and human moderators to review content posted on the site.
11 Oct 2024 - 2:48PM
Business
China’s shrinking appetite for Korean cosmetics replaced by hunger for food
Korean food is booming in China, with rising exports of ramyeon and rice-based products, while cosmetics face declining market share.
11 Oct 2024 - 9:40PM
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Big Tech
Alibaba’s Lazada courts Armani, D&G to fend off Shopee, TikTok
The e-commerce platform is broadening its luxury segment to ramp up sales in key markets from Indonesia to Singapore.
11 Oct 2024 - 11:15AM
OPINION
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
Anthony Rowley
Macroscope
|
As the world heats up, who will take charge of our survival?
12 Oct 2024 - 4:30PM
4
Zhou Xin
My Take
|
China’s stock-market frenzy reflects social media’s growing sway over investors
8 Oct 2024 - 7:00AM
Tim Daiss
Opinion
|
China has built up an enviable gas supply. Now it faces a dilemma
6 Oct 2024 - 9:30AM
4
Anthony Rowley
Macroscope
|
Asian economies mustn’t coronate stock markets as masters of growth
5 Oct 2024 - 6:10PM
4
G.A. Donovan
Opinion
|
Why China’s EV start-ups can now breathe a little easier
4 Oct 2024 - 8:30PM
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