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Peak hour costs for DeepSeek’s V4 Pro will be charged at US$1.77 for every million output tokens. Photo: Shutterstock Images

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

DeepSeek triggered a price war in May when it announced a permanent 75 per cent discount on V4 API access.

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

DeepSeek
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Diplomacy

Exclusive | Indian officials said to be in talks to allow reporters from China to return

Last Chinese journalist left India after being denied visa extension in 2023 and sources say both sides are working to restore reciprocity.

Climate and energy

Price war fallout: China imposes 60-day payment cap for energy storage sector

China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain.

Banking & Finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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Focus
Illustration: Lau Ka-kuen

Why Chinese-American success stories still provoke prejudice and fear

Politics

Why a light plane crash in Beijing created a security dilemma for authorities

Flight schools have been grounded and safety inspections are being carried out after the aircraft hit the tallest building in the capital.

The pilot was killed and 13 people were injured when the plane hit Citic Tower in Beijing on Friday. Photo: Handout
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Hong Kong Economy

‘Hong Kong positioned to link Asean, Greater Bay Area amid geopolitical shifts’

At SCMP’s GBA-Asean Summit, city leader stresses that the two regions have what it takes to form a ‘powerful and complementary partnership’.

People

Thai beer dynasty heir opens up about abuse, mother’s ‘ungrateful child’ lawsuit

Siranudh ‘Psi’ Scott broke his silence on alleged childhood trauma as his estranged mother wielded a century-old legal weapon against him.

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International

Global real estate event in Riyadh sees record transactions amid growing influence in sector

Cityscape Global achieves more than US$63 billion as Saudi Arabia positions itself as a major investment hub for urban development.

In partnership with:
Cityscape Global
Cityscape Global 2026 is expected to build on last year’s record-breaking success.

Health & Environment

In Malaysia, military veterans are sent to schools to teach bullies a lesson

The first 16 former Malaysian Armed Forces personnel will start work as wardens at eight selected Mara Junior Science Colleges on Wednesday.

Royal Malaysia Army soldiers march in formation during National Day celebrations in Kuala Lumpur on August 31, 2022. Photo: AP

Tech Trends

Meituan claims China’s biggest AI model trained on local chips

LongCat-2.0 boasts 1.6 trillion parameters and a million-token context window, on par with DeepSeek’s latest flagship model.

Economics

East Timor targets closer Asean-Greater Bay Area ties to spur economic growth

Asean’s newest member says cooperation between the two regions should be based on a commitment to inclusive growth and trust.

China

On This Day | Shanghai-Beijing high-speed rail link officially began operations in 2011 – SCMP archive

The landmark Shanghai–to–Beijing rail link marks a new era for Chinese transit.

A train driver sits in a new high-speed train before it departs from the Beijing-South railway station for Shanghai as part of an official trip for members of the media June 27, 2011. Photo: Reuters

Science

How Chinese forensics team ruled out murder in mystery of a dismembered woman

Police investigating the discovery of the mutilated remains in a suitcase turned to forensic science for clues, with surprising results.

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A peer-reviewed paper published in China details a rare case in forensic science when postmortem analysis overturned investigators' initial assumptions. Photo: Shutterstock

China Economy

China’s factory activity rebounds in June but weak domestic demand lingers

The world’s second-largest economy registered robust trade growth this year, with May exports skyrocketing 19.4 per cent year on year.

Economics

‘Digital bridge’ Philippines woos Greater Bay Area enterprises

Manila’s trade chief points to soaring trade data and special economic zones in her pitch to Chinese investors at SCMP’s GBA-Asean Summit.

Americas

Why did they pancake? Building failures, soft soil amplify Venezuela quake destruction

Experts point to poor code enforcement, risky geography as factors in collapses in the wake of twin earthquakes.

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An aerial view shows the catastrophic destruction of flattened housing structures in La Guaira, Venezuela. Photo: Handout via Reuters

Economics

‘Purple gold rush’: Philippine ube farming looks to cash in on craze

Philippine ube exports reached over US$3 million in 2025, more than double the US$1.4 million figure recorded in 2024.

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“Ubi kinampay” is especially prized for its distinctive taste and aroma. Photo: Facebook/National Museum of the Philippines Bohol

Asia

Singapore’s founder praised in Europe; Pakistan’s submarine: 7 Asia highlights

From Pakistan rattling India with a new submarine to Bangkok’s ‘Hulk’ governor, here are a few highlights from SCMP’s recent Asia reporting.

Politics

Just how far are China’s local officials going in falsifying performance data?

The cases are the clearest examples yet of the behaviour Beijing is targeting in its campaign on the ‘correct view of political performance’.

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OPINION
Dicky Chow,Curtis Lam,Esther Loh

Opinion | How employers can support high-risk carers who fall through safety net

Dicky Chow
Curtis Lam
Esther Loh
Letters

Letters | What Hong Kong, China must do to become global capital’s ultimate safe haven

Letters
Ningrong Liu

Opinion | How the Northern Metropolis university town can deliver on innovation

Ningrong Liu
SCMP Editorial

Editorial | More younger non-local doctors will be to Hong Kong’s benefit

SCMP Editorial
SCMP Editorial

Editorial | Hong Kong must keep an eagle eye out for wildlife traffickers

SCMP Editorial
Harry’s View | 30 Jun 2026
June 30, 2026
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LATEST

People

Thai beer dynasty heir opens up about abuse, mother’s ‘ungrateful child’ lawsuit

Big Tech

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

Banking & Finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

Asia

Video | Taiwanese vendors grapple with soaring plastic costs

Plastic bags hang at a vegetable stall in a traditional market in Keelung on June 9, 2026. Vendors in Asia who use plastics for everything from bags to cups to containers are grappling with rising costs from the energy crisis sparked by the Middle East war. (Photo by I-Hwa Cheng / AFP) / To go with ‘War-Iran-Us-Israel-Asia-War-Energy-Plastics’ Focus by Joy Chiang with AFP bureaus in Asia
01:19

Southeast Asia

Fewer children, more singles in Singapore, new data shows

Economics

East Timor targets closer Asean-Greater Bay Area ties to spur economic growth

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SCMP Series
China-Africa evolving partnership
Hong Kong 29 years after handover
SpaceX IPO
Confronting cancer in Hong Kong
China and Central Asia
In Africa, some agricultural products, including coffee beans, that meet baseline requirements on pest risks, processing and safety are eligible for export to China, eliminating the need for country-by-country trade deals. Photo: Shutterstock
SCMP SeriesChina-Africa evolving partnership

Coffee, chillies and cashews: a new recipe to spice up China-Africa trade relations

Blanket relationship with all African nations is viewed as a precedent for partners like the EU.

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Can China’s strict policing model ‘silence the guns’ in Africa?

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Is China’s risk tolerance reaching its limit with pause of African mine deal?

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Open Questions series

China Economy

Open Questions | Economist Richard Koo on China and Japan’s shared ‘battle against time’

China has strong tech industries and a large market – but so did Japan before its recession, warns the Nomura Research Institute scholar.

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Illustration: Henry Wong

Politics

Open Questions | Nie Huihua on non-Westernness of Chinese government and challenge to innovation

Harvard-trained professor examines the tension between strengthening centralised control and encouraging local enthusiasm.

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China Economy

Open Questions | AIIB head Zou Jiayi on multilateralism as ‘infrastructure of global trust’

As the Beijing-based development bank marks its 10th anniversary, its president says institutions like hers ‘create certainty amid uncertainty’.

Diplomacy

Open Questions | Economist James Heckman on the value of risk-taking, and China’s ‘common goal’

He also discusses the economic outlook, youth unemployment and whether the country can overtake the US in science and tech.

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7
Illustration: Lau Ka-kuen
China Future Tech
China Future Tech
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Tech Trends

Huawei and Cambricon tighten grip on China’s AI chip market as Nvidia slips

Huawei and Cambricon are set to dominate China’s AI server market as geopolitics and self-reliance accelerate Nvidia’s retreat.

Chinese chipmakers led by Cambricon and Huawei are expected to significantly expand their share of the domestic AI server market as Beijing pushes for greater semiconductor self-reliance. Photo: Getty Images

Big Tech

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

DeepSeek triggered a price war in May when it announced a permanent 75 per cent discount on V4 API access.

China Business

Hong Kong draws royalties giant as mainland China biotech licensing heats up

Royalty financing offers new cash source as global investors pursue Chinese drug breakthroughs despite US pressure, Royalty Pharma says.

Banking & Finance

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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A gong is struck to mark the HKEX’s 26th anniversary at Connect Hall on Friday. Photo: May Tse

China Economy

As Beijing raises Shanghai’s offshore yuan profile, where will Hong Kong fit in?

Geopolitical tensions add fuel to long-standing debate about China’s need for multiple offshore yuan centres – a role that suits Shanghai well.

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Illustration: Henry Wong

Global Economy

Why the Vietnam ‘detour’ for US-bound Chinese goods hit a dead end

Is finding another Hanoi haven possible, or would trying be a fool’s errand for Chinese firms looking to get the jump on Trump and evade tariffs?

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Politics

How ‘lying flat’ went from a niche subculture to mainstream phenomenon

Spy agency says foreign forces are ‘brainwashing’ people, but critics call lying flat a rational response to a broken system.

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China Business

China leads charge in energy storage, powered by battery progress

Battery-based grid storage is set for 150 per cent growth in China, as Beijing prioritises energy security and firms eye global markets.

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Illustration: Henry Wong
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