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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Areas of Expertise:
Property, Financial MarketsLanguages Spoken:
English, Mandarin
CXMT and YMTC are nearing public listings, giving China’s memory-chip sector fresh firepower in its pursuit of Samsung and SK Hynix.
The two delegations met in Seoul’s Incheon Airport, spoke for a few hours and skipped the press conferences typically held after earlier sessions.
Trade deals, export controls on critical minerals and the Iran war likely to be talking points as senior officials sit down for negotiations.
US equities rally amid easing Middle East tensions, but global investors remain cautious, focusing on diversification and China’s prospects.
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Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.
Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.
Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.
Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising.
Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.
The Chinese company’s revenue rose nearly 29 per cent to 12.44 billion yuan, while profit surged about 27 per cent to 4.65 billion yuan.
Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.
Efficient new model boosts outlook for computing power demand but pressures valuations of AI application developers.
Wave of listings provides more ‘pure-play’ AI investment options across mainland and Hong Kong exchanges, BNP Paribas says.
In the case of ‘hard’ technology firms like CATL and GigaDevice Semiconductor, the A-H premium becomes an H-A premium.
Hong Kong is attracting global investors seeking stability as interest grows in its financial markets, FSDC officials say.
Asia’s industrial ecosystem could deliver faster deployment of robotics and embodied AI systems, veteran venture capitalist says.
The company’s listing highlights its pivot from design tools to advanced AI-driven spatial platforms as it eyes overseas growth.
Hong Kong stocks advance on US-Iran dialogue hopes, falling oil prices and Wall Street gains.
Nio, BYD and Xpeng advance after data shows EV exports more than doubled to just under 1 million in the first quarter.
Mainland China and Hong Kong markets gain ground as easing political tensions and stronger factory-gate prices lift sentiment.
The spatial design software developer is selling 161 million shares priced between HK$6.72 and HK$7.62 each, with listing set for April 17.
The Shanghai-based energy storage systems provider is selling 13.57 million shares at HK$324.20 each.
Record payouts come as regulators push listed companies to enhance dividend frequency and predictability.
Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.
The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.
Sixteen new and refiled applications, led by hard-tech firms, point to a deepening pipeline as investor appetite returns.
Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.
Fund managers pile into cash at fastest pace since Covid-19 as geopolitical tensions, inflation replace AI as top concerns, bank finds.
Markets await clarity on a summit, hoping it will steady Hong Kong and China equities as Middle East hostilities weigh on sentiment.
