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JCET has taken over the Shanghai plant of SanDisk. Photo: Shutterstock Images
Big Tech

China’s JCET buys Shanghai plant of US flash memory maker SanDisk

The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market.

The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market

Hong Kong stocks slide, halting 6-day rally as China frenzy runs out of gas

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Mistimed exits cost key investors US$3 billion in China’s stock rally

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Business

Mainland Chinese retailers snag prime spots in Hong Kong at discounted rents

The slumping retail market is forcing landlords to extend deeper discounts, providing opportunities for brands to expand in the city.

The Balabala shop in Harbour City in Tsim Sha Tsui. Photo: Cheryl Arcibal
The Balabala shop in Harbour City in Tsim Sha Tsui. Photo: Cheryl Arcibal
Tech Trends

Can robot baristas save Shanghai’s cafes from an ailing economy?

Shanghai Hi-Dolphin Robot Technology aims to cut down the costs of operating coffee shops to revive the industry, says founder Philip Han.

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Tech War

Chinese start-up Numemory claims memory chip breakthrough amid US sanctions

The Wuhan-based firm recently introduced to the domestic market its 64-gigabyte NM101, a type of storage-class memory chip.

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China Economy

China’s tourists, wary of visa rule changes, make more bookings under the wire

A survey of Chinese tourists revealed most make bookings within a month of departure, reflecting uncertainties over visa rules and safety.

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China’s outbound tourists are making plans later than in previous years, driven mostly by rapid changes in visa and entry rules. Photo: Bloomberg
Markets

Hong Kong stocks hit 20-month high as China frenzy continues

Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.

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Pedestrians walk past a stock ticker outside the Exchange Square in Central. Photo: EPA-EFE
Pedestrians walk past a stock ticker outside the Exchange Square in Central. Photo: EPA-EFE
Blockchain

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Markets

How ‘Big Short’ became ‘Big Squeeze’ as Wall Street misread China’s stock market

Global investors, who have been shorting China, now must scramble to rebalance their portfolios to ‘a more rational level’, analyst says.

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China Business

5 Chinese EV makers set monthly sales records as discounts draw buyers

BYD, Li Auto, Xpeng, Zeekr and Leapmotor posted new monthly delivery records in September as new models and promotions proved enticing.

Employees work on an EV production line at a Leapmotor factory in Jinhua, in China’s eastern Zhejiang province, on September 18, 2024. Photo: AFP
Tech War

Huawei’s Meng Wanzhou back at the helm of firm ahead of next smartphone launch

In her latest tenure as rotating chairwoman, Meng is expected to oversee the launch of Huawei’s next flagship 5G smartphone series, the Mate 70.

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Huawei Technologies chief financial officer Meng Wanzhou has assumed the position of rotating and acting chairwoman at the firm for a six-month tenure ending on March 31 next year. Photo: AFP
Huawei Technologies chief financial officer Meng Wanzhou has assumed the position of rotating and acting chairwoman at the firm for a six-month tenure ending on March 31 next year. Photo: AFP
Banking & Finance

JD Industrials files a second IPO attempt in Hong Kong amid boom

The company submitted its second IPO application after a first attempt failed last year due to tepid market conditions.

China Business

China stock market surge: investors rush to buy shares amid policy easing hopes

Individual investors from China have scurried back to buy risky shares, but historically, wild swings in sentiment have foreshadowed plunges.

China Business

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

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Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
China Economy

China’s first industrial leases are expiring. Will their holders renew?

As China’s initial group of industrial leases lapses, questions abound over the ease of renewal and whether foreign investors will recommit.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
China

Threat assessment: ranking risk among US companies dealing with China

Ford Motor, Carrier and Tesla are top three businesses most vulnerable in analysis by market research firm.

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Big Tech

China Telecom say AI model with 1 trillion parameters trained with Chinese chips

The state-owned telecoms operator did not reveal what chips it used for its 1 trillion-parameter model, but it has a partnership with Huawei.

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Big Tech

Alibaba’s Sun Art suspends trading, sparking divestment speculation

Alibaba took control of Sun Art Retail Group four years ago to pursue a ‘new retail’ strategy.

An Auchan hypermarket store in Beijing, run by Sun Art Retail Group. Photo: Reuters
Banking & Finance

China urges audit firm PwC to strictly abide by rules and regulations

China’s vice-finance minister met PwC’s chief in Beijing following a hefty fine and suspension handed to the firm’s mainland unit over auditing failures at Evergrande.

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PwC Zhong Tian, the China unit of the accounting firm, was handed a record fine of 441 million yuan on September 16. Photo: AP Photo
PwC Zhong Tian, the China unit of the accounting firm, was handed a record fine of 441 million yuan on September 16. Photo: AP Photo
Markets

Alibaba, HKEX attract Chinese investors as inflows to Hong Kong stocks surge

Net inflows blow past last year’s total in a buying rush ahead of the ‘golden week’ holiday.

Big Tech

ByteDance said to be turning to Huawei chips to train AI model

ByteDance’s next step in the AI race is to use Huawei’s Ascend 910B chip to train a large language AI model, said the people.

Banking & Finance

Shanghai, tier-1 cities remove more curbs in major boost to property market

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

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China’s property market is taking a bullish turn, thanks to Beijing’s stimulus and easier rules by local authorities. Photo: Xiaomei Chen
OPINION
Xuyang Dong,Tim Buckley

Opinion | Why China’s clean tech glut is a net global positive

Xuyang Dong
Tim Buckley
Ningrong Liu

Opinion | Targeting China will just poison ties without helping the US

Ningrong Liu
Andy Xie

The View | How China is becoming the Saudi Arabia of renewables

Andy Xie
Hugh Harsono

Opinion | Will China’s latest crypto crackdown stifle its gaming industry?

Hugh Harsono
Weijian Shan

Opinion | Why it’s time Hong Kong joined China’s currency zone

Weijian Shan
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Patrick Lau

Opinion | Hong Kong should be on the front lines of climate finance

Patrick Lau
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