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China Business
New World Development ejected from Hang Seng Index
Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.
17 minutes ago
Amazon invites Chinese sellers to new bargain marketplace Haul
2 hours ago
Uber said to eye US$10 million stake in IPO of China’s Pony AI
22 Nov 2024 - 10:03AM
China Business
Unprofitable Chinese EV makers face ‘do-or-die moment’
Only those that can sustain operations without external funding will stay in the race amid overcapacity and tariff woes, analysts say.
22 Nov 2024 - 8:30AM
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Visitors look at Mona M03 electric vehicles (EVs), displayed at an XPeng launch event in Beijing on August 27, 2024. Photo: Reuters
Biomedicine
Chinese biotech firms brace for Trump tariffs, US funding bill
Efforts to expand sales of high-value products in China and non-US markets would cushion the blow, analysts say.
22 Nov 2024 - 7:30AM
Companies
Is Starbucks seeking help from a partner to regain its perk in China?
Starbucks is ‘working to find the best path to growth, which includes exploring strategic partnerships’, according to a statement.
22 Nov 2024 - 11:33AM
Big Tech
China’s second-richest man demands apology from ByteDance founder
Zhong Shanshan, founder of bottled-drinks giant Nongfu Spring, blames ByteDance’s social media apps for perpetuating online assaults.
21 Nov 2024 - 5:41PM
Big Tech
Alibaba CEO highlights AI advancement at China’s internet forum
The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.
21 Nov 2024 - 6:52PM
Eddie Wu Yongming, CEO of Alibaba Group Holding, speaks at the 2024 World Internet Conference in Wuzhen, China, on Wednesday. Photo: EPA-EFE
Big Tech
Meituan aims to launch meal deliveries by drones in Hong Kong
The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.
21 Nov 2024 - 7:00AM
Big Tech
Apple reveals App Store revenue share in China as Huawei rivalry grows
The US giant says most of its App Store revenues in China are paid to developers and companies.
20 Nov 2024 - 8:44PM
Big Tech
TikTok parent ByteDance offers top performers more stock options
ByteDance has adjusted its staff incentive policy for the second time this year, as Trump’s re-election boosts its valuation.
20 Nov 2024 - 6:30PM
Tech War
Trump cannot ignore TikTok ban, US senator says
Senator Richard Blumenthal said Trump is welcome to try to change the law, but ‘sentiment is pretty strong’ in favour of it in Congress.
20 Nov 2024 - 10:14AM
Donald Trump promised to save TikTok, but a law that would ban it from app stores in the US takes affect the day before he returns to office. Photo: Reuters
Companies
Lab-grown meat lands on Hong Kong plates via Australian start-up
The Aubrey at the Mandarin Oriental has introduced two dishes featuring Sydney-based Vow’s cultured Japanese quail.
20 Nov 2024 - 7:30AM
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Companies
HSBC, Cathay Pacific, EcoCeres sign Hong Kong sustainable aviation fuel pact
Deal eliminates emissions equal to 10,000 round-trip flights between Hong Kong and London, lender says.
19 Nov 2024 - 9:21PM
Big Tech
iPhone maker Foxconn partners with Nvidia on AI-driven factories
Foxconn is partnering with Nvidia to develop so-called digital twins to help build advanced facilities around the world.
19 Nov 2024 - 2:00PM
Companies
Manulife sets out to track AIG, as a gaggle of insurers jostle for licences
19 Nov 2024 - 11:23AM
Companies
Manulife to double army of agents in Asia
19 Nov 2024 - 11:21AM
Big Tech
US antitrust officials want to force Google to sell Chrome browser
The case marks the most aggressive move to rein in a tech company since efforts to break up Microsoft failed two decades ago.
19 Nov 2024 - 10:18AM
Banking & Finance
Manulife promotes Asia insurance head Phil Witherington to group CEO
Asia was the largest contributor to Manulife’s group earnings, accounting for 44 per cent of the total in the third quarter.
19 Nov 2024 - 5:22PM
Tech War
Trump’s win boosts hope that TikTok will be saved from a US ban
TikTok’s odds of surviving a potential US ban have increased, while ByteDance’s valuation has reportedly jumped to US$300 billion.
18 Nov 2024 - 9:00PM
TikTok is fighting a ban in the US. Photo: dpa
China Business
BYD set to usurp VW as China’s top carmaker amid surge in EV deliveries
BYD’s total deliveries have exceeded perennial leader Volkswagen’s volume this year through October.
18 Nov 2024 - 8:56PM
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Tech Trends
Warner’s Max launches in Asia, taking on Netflix in Hong Kong
The US streaming service is gunning for the top-three position in its new Asian markets, WBD CEO JB Perrette says.
18 Nov 2024 - 5:15PM
Big Tech
Alibaba to sell bonds to repay debt, fund buy-back amid low rates
The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.
18 Nov 2024 - 4:00PM
OPINION
Zhou Xin
My Take
|
Tesla is getting love from Chinese state media, but can the affair last?
19 Nov 2024 - 7:00AM
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
G.A. Donovan
Opinion
|
Why China’s EV start-ups can now breathe a little easier
4 Oct 2024 - 8:30PM
Christopher Tang
,
Kenneth Tang
The View
|
How Hong Kong can lead the way on sustainable textiles
4 Oct 2024 - 4:30PM
Xuyang Dong
,
Tim Buckley
Opinion
|
Why China’s clean tech glut is a net global positive
22 Sep 2024 - 8:30PM
Dennis Lee
Opinion
|
How Hong Kong can help its SMEs make a difference
22 Sep 2024 - 6:02AM
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