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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Areas of Expertise:
China finance, property and politicsLanguages Spoken:
English, Mandarin
Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.
Chinese-owned agritech group’s mooted float could rank among Hong Kong’s biggest listing in years.
The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.
But other markets like South Korea could offer stronger near-term returns for international investors, J.P. Morgan Private Bank says.
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The issuance implies potential dilution for Hong Kong–listed shareholders, with the conversion price set at a premium.
China’s top developers slumped in January, with weak demand and fading policy support raising fresh concerns over debt repayment capacity.
IPO pipeline swelled in January, with listing applications tripling year on year and proceeds reaching their second highest level on record.
Debt-laden Hong Kong developer confirms in exchange filing that parent Chow Tai Fook Enterprises has been approached by investors.
The drug maker says the funding will expand medicines production and research capabilities, as London and Beijing seek to rebuild momentum.
With liquor stocks viewed as a barometer of real estate-linked business activity, the rally reflects renewed hopes for the property sector.
Executives are urging a measured approach as Chinese firms turn to global markets amid intensifying competition at home.
Bankers from HSBC, Hang Seng Bank and ICBC Asia tout technology innovation to ease pain points for trade-finance clients.
Repurchase signals management’s confidence and healthy balance sheet, analysts say, though stock remains 40 per cent below last year’s peak.
New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.
Short-video platform to issue US dollar and yuan tranches with coupon rates of up to 4.75 per cent.
Kuaishou is China’s second-largest short-form video platform and the third-largest mobile app in the country by total user time spent.
Hang Seng Index advances as investors shift focus, boosting Asian equities, with pharmaceutical and healthcare shares leading gainers.
Alibaba Health soars over paediatric drug deal as trading volume on Shanghai and Shenzhen exchanges tops US$513 billion.
Homebuyers snap up all 213 new flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday.
British bank warns recoveries could fall below 1 per cent as restructuring priorities and access to assets remain uncertain.
Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.
By the end of last month, China had nearly 80 C-REITs, raising a total of over US$28.3 billion, according to Cushman & Wakefield.
China’s AI toy sector is forecast to expand to US$12 billion by 2030, up from US$3.5 billion this year.
‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.
China’s years-long housing downturn shows no signs of easing as new home prices fell 0.4 per cent month on month on average in 70 cities.
JD.com’s business-to-business unit tested investor appetite for Chinese supply-chain technology stocks.
Its lidar sensors are used by carmakers such as Nio, as well as in robotics, unmanned delivery and industrial automation scenarios.
Onshore and offshore restructuring plans expected to reduce debt by US$12.7 billion and ease repayment pressure over the next five years.
Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.
