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China Business

Taking stock: global investment banks hedge their bets on China market next year

After a forgettable year, Morgan Stanley, UBS, Goldman Sachs and others make their predictions for Chinese equities in 2025.

3 hours agovideocam

Quiet on set: China’s film industry fights for relevance as admissions flag

1 hour agovideocam

E-commerce giants jump on China’s new trade-in programme for home appliances

4 hours ago

Tech Trends

Chinese autonomous-driving tech firm Pony.ai eyes robotaxi services in Hong Kong

Pony.ai is seeking to initially provide ‘robotaxi commuting services’ for Hong Kong International Airport staff.

6 hours ago

Outside Guangzhou, Pony.ai offers robotaxi services in Beijing, Shanghai and Shenzhen. Photo: Handout

China Economy

China hits record panda bond issuance in 2024, with analysts bullish for 2025

With more yuan-denominated panda bonds issued last year than any other, analysts expect even bigger numbers in 2025.

5 hours ago

Business

Chinese fast-food chain LXJ seeks IPO in Hong Kong amid market revival

LXJ operates 1,404 restaurants across 53 mainland cities, serving meals costing about 20 yuan (US$2.73) on average.

3 Jan 2025 - 8:02PM

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China Business

China’s stimulus blitz pulls in more gung-ho Gen Z stock investors

Gen Z traders doubled to 110 million after the September policy measures, swelling the pool of investors with higher risk appetite, a Hurun-Ping An report shows.

3 Jan 2025 - 6:15PMvideocam

People walk on the street near a large screen showing stock and index levels in Shanghai in February 2024. Photo: EPA-EFE

Hong Kong property deals drop in December as slump thins agent ranks

Transactions rose 17 per cent in 2024 despite a December decline of 28.3 per cent, according to government data.

3 Jan 2025 - 5:38PM

Big Tech

Alibaba ties up with Lee Kai-fu’s unicorn as AI sector consolidates

Alibaba Cloud signs a deal with start-up 01.AI to develop AI model solutions for business clients.

3 Jan 2025 - 5:08PM

China EVs

BYD’s fourth-quarter EV output beats Tesla as world’s number one

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

2 hours ago

China Business

Hong Kong stocks rebound as Beijing ramps up support for institutional buying

Some 20 securities firms, fund managers and insurance companies received US$7.53 billion worth of liquid assets from the PBOC through a swap facility.

3 Jan 2025 - 4:40PM

Hong Kong Island’s skyline. Photo: Shutterstock

Tech Trends

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

3 Jan 2025 - 12:34PM

Business

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

3 Jan 2025 - 8:30AMvideocam

China Business

China property: rising home sales bode well for sector reeling for last 4 years

China’s property market shows signs of recovery, with rising home sales in major cities, boosting hopes for stabilisation in 2025.

3 Jan 2025 - 7:30AMvideocam

Home sales in China’s top four tier-one cities – Beijing, Shanghai, Guangzhou and Shenzhen – rose 35 per cent year on year in December. Photo: EPA-EFE

Big Tech

Apple agrees to pay US$95m to settle Siri eavesdropping lawsuit

The class-action lawsuit accuses Apple of recording private conversations after Siri was unintentionally activated.

3 Jan 2025 - 10:30AM

Apple recorded private conversations of users after they unintentionally activated Siri, according to a class-action lawsuit. Photo: Reuters

Big Tech

Alibaba set on growth path after divesting offline retailing assets: analysts

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against e-commerce rivals.

3 Jan 2025 - 7:00AM

China

Trump’s TikTok request poses challenge to US Supreme Court, legal analysts say

In asking court to halt a law until after he takes office, some contend the US president-elect seeks action that oversteps its authority.

3 Jan 2025 - 5:39AMvideocam

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Big Tech

China catches up fast in AI race, but US chip curbs cast shadow

Abundant investment and an open-source approach have pushed China to the AI forefront, but a lack of advanced chips may prove devastating.

28 Dec 2024 - 10:00AM

Will US chip curbs derail China’s AI ambitions? Illustration: Davies Christian Surya

Business

The Center sale came at a peak and now buyers struggle to exit

Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.

21 Dec 2024 - 11:05AM

Business

Exclusive | Getting past poker: Sands China drives Macau to diversify economy

Xi Jinping to visit Macau for 25th anniversary of handover as Sands China unveils non-gaming strategy.

18 Dec 2024 - 11:16AMvideocam

Climate and energy

Hong Kong’s status as aviation, maritime hub faces green fuel challenge

Hong Kong has to act fast if it wants to become a green fuel hub for the aviation and maritime sectors, as both Singapore and China are way ahead, analysts say.

7 Dec 2024 - 10:20AM

Illustration by Henry Wong

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How Sands China is driving Macau 3.0

NBA, Sands China collaborate to stage pre-season games in Macau

Bitcoin surge stalls as crypto investors grow cautious

Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

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