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China Business
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China economy
US-China trade war
TikTok to the rescue? China’s factories go viral as US tariffs drive up prices
With tariffs at record levels, mainland suppliers to US market get creative – but industry insiders remain cautious as duties bite.
17 Apr 2025 - 10:10PM
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Tencent
Tencent offers 28,000 internships amid youth unemployment in China
4 hours ago
US-China tech war
Alibaba’s Taobao shopping app sees surging downloads in US amid Trump tariffs
17 Apr 2025 - 8:29PM
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Electric & new energy vehicles
EVs
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China to crack down on EV self-driving technology, ‘autonomous driving’ claims
Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.
17 Apr 2025 - 7:46PM
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An accident in China involving a Xiaomi EV claimed three lives in March. Photo: Weibo/ 章博
US-China trade war
Desperate for sales, China’s traders chase risky deals in emerging markets
With the US market closed off, Chinese exporters are scouring the globe to find new buyers – with mixed results.
17 Apr 2025 - 6:00PM
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US-listed Chinese stocks
Chinese firms’ ADRs at risk if US severs market ties, Goldman Sachs says
Companies with high retail exposure, such as Alibaba, are more susceptible to sell-offs if they are forced to delist, Goldman says.
17 Apr 2025 - 5:00PM
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IPO
Chinese tea firm Chagee raises US$411 million in New York IPO, sources say
At US$28 per depositary share, Chagee will be valued at US$5.1 billion, according to its regulatory filings.
17 Apr 2025 - 3:30PM
A Chagee outlet in Yichang, central Hubei province, in January 2025. Photo: Getty Images
Automotive industry
BYD prices new SUV at aggressive US$18,300 to attract young consumers
BYD slashed the price of the Titanium 3, which includes its new advanced driver assistance system, at the last minute, capitalising on Tesla’s China challenges.
17 Apr 2025 - 2:30PM
Electric & new energy vehicles
Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans
China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.
17 Apr 2025 - 6:45PM
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US-China trade war
With US-China decoupling closer than ever, firms are reshaping supply chains
With full US-China decoupling looking closer than ever – though not a certainty – suppliers are rapidly evaluating their relationships and options.
17 Apr 2025 - 9:18AM
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TikTok
TikTok Shop’s sales in US plunge as tariffs hit Chinese imports
TikTok Shop, along with platforms like Shein and Temu, has emerged as a major channel connecting Chinese vendors with US consumers.
17 Apr 2025 - 12:16AM
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Gross merchandise value on TikTok Shop fell last week amid an escalating tariff between the US and China. Photo: AFP
China trade
China’s container bookings to plunge up to 60% as US tariffs wipe out trade
But shipping traffic in the rest of Asia is bouncing back as traders rush to take advantage of US ‘reciprocal’ tariff pause.
16 Apr 2025 - 10:51PM
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Electric & new energy vehicles
SAIC Motor to join Huawei in new smart EV project to stem multi-year sales slump
SAIC, which assembles petrol cars with GM and VW, has been left trailing as Chinese consumers switch to EVs sold by Tesla, Xpeng, Nio and Li Auto.
16 Apr 2025 - 11:46PM
Semiconductors
Chip war: US Nvidia H20 restrictions could boost China’s AI chip business
Nvidia’s China business is likely to ‘fall to nearly zero’, as tech giants such as ByteDance and Tencent turn to domestic suppliers, analysts say.
16 Apr 2025 - 10:44PM
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E-commerce
Temu cuts US ads after Trump’s tariffs, as app downloads plunge
The Chinese-backed shopping app has been a significant advertiser since launching in the US in September 2022.
16 Apr 2025 - 8:17PM
Temu is slashing its ad spending in the US as President Donald Trump raises tariffs on Chinese goods. Photo: Reuters
Hong Kong property
Firm tied to Philippines brand Oishi buys 2 Hong Kong shops
Snack maker adds to property holdings in city as some analysts predict improvements in retail sales.
16 Apr 2025 - 8:03PM
SCMP Highlights
Tesla halts US-made models in China, Xpeng eyes Europe sales: 7 EV reads
From Tesla halting US-made models in China to Xpeng eyeing Europe sales with its X9 MPV, here are seven EV stories you may have missed.
16 Apr 2025 - 3:00PM
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IPO
Shenzhen pork producer, Beijing AI firm eye Hong Kong listings
Sixteen companies submitted listing applications for Hong Kong’s main board in the past two weeks, according to exchange data.
16 Apr 2025 - 3:22PM
A staff member checks on piglets at a Muyuan Group facility in Nanyang City, in central China’s Henan Province, on March 21, 2024. Photo: Xinhua
Hong Kong stock market
Hong Kong stocks ignore upbeat China GDP data as trade war remains in focus
China’s economy grew 5.4 per cent in the first quarter, exceeding Bloomberg’s estimates of 5.2 per cent.
16 Apr 2025 - 4:33PM
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Banking & finance
Exclusive
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HSBC to offer anti-ageing treatments, medical check-ups at Hong Kong wealth hub
The wealth centre, which will open in the second half, is aimed at the growing silver economy, HSBC Life’s Daisy Tsang says.
16 Apr 2025 - 8:30AM
Huawei
Huawei launches new AI architecture to challenge Nvidia’s dominance
Huawei’s alleged advancement points to the US-sanctioned company’s progress in achieving self-sufficiency in computing power.
16 Apr 2025 - 12:09AM
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E-commerce
American bargain hunters flock to China’s DHgate e-commerce app
‘There’s nothing a Chinese factory can’t make,’ a TikTok user says in a video purportedly showing suppliers of designer fashion brands.
15 Apr 2025 - 8:04PM
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DHgate is a business-to-business wholesale platform connecting over 2 million registered buyers from more than 220 countries. Photo: Screenshot
Artificial intelligence
China’s Kuaishou unveils ‘world’s most powerful’ AI video generator
The short video firm has launched Kling AI 2.0, saying the service now has more than 22 million users globally.
15 Apr 2025 - 9:23PM
Artificial intelligence
Ant Group ramps up healthcare presence as ‘AI doctors’ gain popularity in China
The agents, with expertise in a range of fields including tumours and chronic diseases, are built on Ant’s medical AI foundational model.
15 Apr 2025 - 6:41PM
China property
Swire Properties bullish on mainland China despite tariff war’s pall
Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.
15 Apr 2025 - 4:44PM
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