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China-built electric vehicles, including those by BYD, are seen parked in the port of Zeebrugge in Belgium in October 2024. Photo: Reuters

China Business

BYD shrugs off Europe EV tariffs to deliver Sealion 07 SUV from 2025

Chinese EV makers are pushing sales in export markets amid stiff competition, sluggish economy at home.

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Tencent beats estimates with 47% profit jump, driven by video gaming

China battery giant CATL would build US plant if Trump allows it, chairman says

Tech War

TikTok hires hundreds of Chinese workers in US despite scrutiny

More than 60 per cent of the over 1,000 approved H-1B hires for TikTok and ByteDance last financial year were from China.

The office of TikTok in Culver City, California. Photo: Reuters
The office of TikTok in Culver City, California. Photo: Reuters

Business

China weighing property tax breaks to boost sales, free up household cash

‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.

China Business

Hong Kong stocks cap longest losing run in 2 months on stimulus letdown

Investors have started to ‘lose confidence and patience’ as they wait for China to enact ‘whatever it takes’ measures, analyst says.

Big Tech

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

Women walk inside a fashion accessories store displaying Singles’ Day discounts at a Beijing shopping centre on November 11, 2024. Photo: AP

Tech War

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

TSMC has stopped taking advanced AI chip orders from mainland Chinese clients. Photo: Reuters
TSMC has stopped taking advanced AI chip orders from mainland Chinese clients. Photo: Reuters

Big Tech

Baidu boasts strong AI user growth alongside launch of first smart glasses

At Baidu World 2024, where it announced the new Xiaodu AI Glasses, CEO Robin Li said the Ernie model now sees 1.5 billion API calls per day.

China Economy

China’s widebody C929 jet lands first buyer at top-flight Zhuhai air show

The home-grown C929, still under development, was the subject of a preliminary purchase agreement at China’s premier air show.

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China Business

Hong Kong stock benchmark drops below 20,000, surrendering stimulus gains

Hang Seng Index falls to lowest point since September 25, erasing a policy-induced rally that had added as much as 27 per cent.

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People walk past Exchange Square, home of Hong Kong’s bourse operator, on October 8, 2024. Photo: AP

China EVs

Trump’s return dims outlook for Chinese EV makers amid tariff threats

Chinese EV makers can opt to set up a base in the US, take the tariff blows or find new markets elsewhere, according to Pareto Economics.

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Chinese EVs waiting to be loaded onto a ship at Taicang Port in Suzhou, in China’s eastern Jiangsu province. Photo: AFP
Chinese EVs waiting to be loaded onto a ship at Taicang Port in Suzhou, in China’s eastern Jiangsu province. Photo: AFP

Big Tech

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

Tech Trends

China’s ‘AI Tiger’ Zhipu in race to boost video-generation features

The updated version of Ying will be able to generate 10-seconds long 4K high-definition video clips at 60 frames per second, Zhipu says.

Tech War

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

Moore Threads is one of China’s top GPU designers. Photo: Handout

China Business

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong
Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong

Business

SCMP launches homepage to showcase China’s future technology

The China Future Tech section provides readers with a one-stop homepage for tracking the latest developments and trends in the six sectors.

Business

Investors look past debt clean-up plan as minister pledges more proactive policy

A number of market participants say there is reason to believe that more economic relief is on the way.

Tech War

China’s chip industry braces for another 4 years under Trump

Chinese semiconductor firms are ramping up purchases of foreign chipmaking equipment and looking to forge new alliances.

China’s chip industry is making plans to deal with Donald Trump’s second US presidency. Photo: Reuters

China Business

Hong Kong, China stocks weaken as Beijing policy move disappoints

Sentiment suffers with prospect of tariffs, slower global growth, rising inflation and potentially fewer Fed rate cuts, say Nomura analysts.

Screens show stock information outside Exchange Square in Central, Hong Kong, on February 15, 2024. Photo: Sun Yeung
Screens show stock information outside Exchange Square in Central, Hong Kong, on February 15, 2024. Photo: Sun Yeung

Tech Trends

The fight for AI talent heats up in China

The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.

Big Tech

ByteDance adds video generator to China’s most popular AI app

The move underscores the TikTok owner’s ambitions to solidify Doubao’s leading position.

Business

Why Trump election is good and bad for Chinese property investors in the US

Trump tax cuts, tariffs will keep interest rates high, but current owners will benefit from his presidency.

Donald Trump pointed to supporters in West Palm Beach, Florida, on election night. Photo: Getty Images via AFP
OPINION
Nicholas Spiro

Macroscope | The most important part of China’s fiscal stimulus? Expectation management

Nicholas Spiro
Nicholas Spiro

The View | China’s property prospects aren’t all doom and gloom

Nicholas Spiro
Nicholas Spiro

Macroscope | Will China replace India and Japan as Asia’s new investment darling?

Nicholas Spiro
Perry Wong,Yeen Chong

Opinion | China pushes ahead on its long march to become a global tech leader

Perry Wong
Yeen Chong
Anthony Rowley

Macroscope | As the world heats up, who will take charge of our survival?

Anthony Rowley
4
Zhou Xin

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

Zhou Xin
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