China /
Money & Wealth
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Banking & finance
Stocks
Artificial intelligence
Big Tech
Founder of an early AI firm in China steps back as GenAI takes spotlight
Losses at the image recognition firm have surpassed those of 2023, as it grapples with challenges from new technology and client concentration.
27 Nov 2024 - 7:31PM
Banking & finance
Time right for China to cut reserve ratio to add liquidity, aid growth: analysts
27 Nov 2024 - 11:00AM
US-China tech war
China’s AI hopes face fresh setbacks amid US moves to restrict HBM chip exports
26 Nov 2024 - 8:00PM
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Big Tech
Huawei
Huawei’s launches ‘most powerful’ Mate phone but keeps its chip a secret
As the industry looks to see if Huawei has again advanced China-made semiconductors, the company instead focused on its home-grown operating system.
26 Nov 2024 - 5:30PM
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Richard Yu Chengdong, chairman of Huawei’s consumer business group, unveils the new Mate 70 series phones in Shenzhen on Tuesday, but makes no mention of the chips inside. Photo: Weibo/华为终端
Policy
China’s economic stimulus
China’s tech firms at the front of the queue for loans amid policy tilt
People’s Bank of China asks government ministries and major banks to accelerate loans to tech companies.
26 Nov 2024 - 12:02PM
Big Tech
Huawei
Huawei aims for 100,000 apps on HarmonyOS Next as it gears up for Mate 70 launch
HarmonyOS Next, currently under a public beta period, had over 15,000 native apps and services as of October 22.
25 Nov 2024 - 5:30PM
Global Economy
Yuan
Yuan to catch up to China’s position in world’s economy: ex-official
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
25 Nov 2024 - 12:26PM
Big Tech
Smartphones
Oppo to expand smartphone manufacturing in Indonesia in bet on Southeast Asia
Oppo already uses slightly more than the 35 per cent of local smartphone components required by Indonesian law, but it is looking to scale up.
24 Nov 2024 - 9:00AM
Oppo plans to expand local manufacturing in Indonesia as it makes a bet on Southeast Asia’s largest economy. Photo: Shutterstock
China Economy
China's economic recovery
China hits jackpot with discovery of ‘massive’ gold reserves in Hunan
The US$80 billion hoard is the latest fruit of China’s drive to find new domestic precious minerals reserves.
22 Nov 2024 - 6:00PM
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Business
Banking & finance
Citigroup CEO meets Chinese officials as Beijing touts financial market reforms
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
22 Nov 2024 - 1:06PM
Tech Trends
Artificial intelligence
China creates new AI advisory body, with Alibaba Cloud founder as chief expert
The AI Experts Committee is expected to promote China’s perspective on how the fast-growing technology should be governed.
22 Nov 2024 - 7:00AM
Big Tech
Artificial intelligence
Baidu’s 3rd-quarter revenue falls 3% as economic woes hit ad spending
The internet search giant pulled in US$4.6 billion in the September quarter, with a decline in online marketing outpacing AI growth.
22 Nov 2024 - 1:01AM
The logo of Baidu seen during the World Internet Conference in Wuzhen on November 23, 2020. Photo: Reuters
Big Tech
Alibaba
Alibaba merges domestic, global e-commerce units amid intensifying competition
The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.
21 Nov 2024 - 8:55PM
Companies
Starbucks
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
China Economy
China's economic recovery
China’s stimulus debate reignites questions of who gets what, and how
Better social welfare could increase financial security and encourage spending, while cash handouts could quickly lift consumption, economists say.
21 Nov 2024 - 4:06PM
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Big Tech
ByteDance
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
China’s second-richest man Zhong Shanshan. Photo: sohu.com
Big Tech
Artificial intelligence
Baidu cuts self-driving vehicle costs to US$34,525 as mass production ramps up
Baidu chief executive Robin Li said the RT6 is now the world’s only mass-produced Level-4 autonomous driving vehicle.
19 Nov 2024 - 8:00PM
Business
International Property
Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project
The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.
19 Nov 2024 - 1:56PM
China Economy
China’s economic stimulus
China’s stimulus lifts tax revenue for first time this year after policy shift
China’s fiscal revenue rose by 5.5 per cent year on year in October, consolidating a turnaround in September.
19 Nov 2024 - 12:41PM
Business
Hong Kong property
China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal
Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.
17 Nov 2024 - 11:00AM
Hongkong Land, which is controlled by conglomerate Jardine Matheson, manages US$32 billion of investment properties. Photo: Shutterstock
China Economy
China economy
China’s first-wave tycoons are retiring. Are their kids ready to step up?
As China’s first-generation entrepreneurs reach old age, their companies grapple with succession dilemmas and a new business landscape.
16 Nov 2024 - 7:18AM
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Big Tech
Tencent
Tencent’s 3,000 new jobs signal new growth in Chinese Big Tech
The Shenzhen-based tech giant has grown to more than 108,800 employees, as nearly two years of downsizing comes to an end.
14 Nov 2024 - 10:21PM
China Economy
China's economic recovery
China’s luxury market loses shine as Bain study shows spending decline
China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.
14 Nov 2024 - 3:46PM
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OPINION
Nicholas Spiro
Macroscope
|
The most important part of China’s fiscal stimulus? Expectation management
7 Nov 2024 - 9:23PM
Nicholas Spiro
The View
|
China’s property prospects aren’t all doom and gloom
4 Nov 2024 - 5:20PM
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
Anthony Cheung
Opinion
|
There’s hope for China’s economy, as long as planners can ‘let go’
13 Oct 2024 - 9:30AM
Winston Mok
The View
|
China should make its economy work for its youth
8 Oct 2024 - 7:30PM
Anthony W.D. Anastasi
The View
|
China’s latest stimulus measures still don’t go far enough
1 Oct 2024 - 4:30PM
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