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Li Shufu, founder of Geely Auto, arrives for the opening ceremony of the Fourth Session of the 14th Chinese People’s Political Consultative Conference National Committee in Beijing on March 4. Photo: EPA
Electric & new energy vehicles

Billionaire Geely Auto head Li Shufu steps down as profit slips

China’s second-largest carmaker names new chairman and CEO in planned succession, as profit drops despite record revenue and export surge.

Hong Kong

China’s pharma contractors rally on pushback to US supply chain pressure

China consumption

China’s economy cools amid debate about risks of global crisis

China stock market

Chinese hedge funds rotate out of Nvidia and US hyperscalers in AI trade

China’s top-ranked hedge fund managers change tactics to ride the changing wave of overseas investments and market dynamics.

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China’s top-ranked hedge funds have slashed their positions on Nvidia and other US hyperscalers, signalling a shift on overseas investment as market dynamics evolve. Photo: Reuters
China’s top-ranked hedge funds have slashed their positions on Nvidia and other US hyperscalers, signalling a shift on overseas investment as market dynamics evolve. Photo: Reuters
SCMP Highlights

China embraces ‘Grandpa Cute’; Southeast Asia’s monarchies: 5 weekend reads

From Chinese billionaire buying a Shanghai hotel to Southeast Asia’s monarchies, here are five stories you may have missed over the weekend.

Electric & new energy vehicles

Musk’s headaches: meet China’s corporate matrix challenging his empire

From Tesla to SpaceX, Starlink and Neuralink, Chinese companies are giving – or trying to give – Elon Musk’s firms a run for their money.

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Artificial intelligence

24 hours with Tencent’s WeChat AI agent: successes and stumbles

The new Xiaowei agent promises hands-free control across WeChat’s vast digital ecosystem. I set out to see whether it delivers.

Xiaowei sits inside an ecosystem where messaging, payments and millions of mini-programs have already coexisted for years. Photo: Shutterstock Images
Xiaowei sits inside an ecosystem where messaging, payments and millions of mini-programs have already coexisted for years. Photo: Shutterstock Images
Artificial intelligence

Home province of DeepSeek, Moonshot founders seeks to retain future AI talent

After losing top founders in artificial intelligence to rivals, the southern province aims to better attract, retain talent.

China property

Rebound in China luxury home sales divorced from rest of market: analysts

Data from a real estate consultancy shows 38 per cent rise in sales of homes priced between 30 million and 50 million yuan in first half.

Tencent

Honor of Kings great ‘Cat’ reflects on his past and future in esports

Chen Zhengzheng, legendary competitor in Tencent’s top mobile game, looks back and forward as he transitions to coaching at 28.

Esport player Chen Zhengzheng, better known as Cat. Photo: QQ.com
Electric & new energy vehicles

Karaoke in the car? China’s new wave of gadget-laden electric vehicles

China’s carmakers are competing to turn their vehicles into digital entertainment hubs, offering everything from film projectors to VR features.

BYD, China’s leading electric vehicle manufacturer, is integrating karaoke systems into its new premium models. Photo: Xinhua
BYD, China’s leading electric vehicle manufacturer, is integrating karaoke systems into its new premium models. Photo: Xinhua
Hong Kong stock market

From chasing robots to chasing profits: the numbers moving markets

Unitree Robotics, US inflation rates, gold prices, Hong Kong homes and CK Hutchison’s interim results were in the spotlight this week.

China trade

China’s Central Asia push

China has become Central Asia’s top trading partner, with two-way trade surpassing US$100 billion last year on the back of increased oil and gas imports.

IPO

Shein is eyeing a valuation rivalling H&M. Will the market buy it?

Ahead of its Hong Kong IPO, the e-commerce firm argues its supply chains and business model give it an edge over traditional rivals.

Packs of clothing are displayed at a garment factory for Shein in the Panyu district of Guangzhou on July 27. Photo: Reuters
Hong Kong transport

Transit giant CRRC redoubles Hong Kong push as sales pitch to overseas cities

Beijing’s largest rolling stock manufacturer is eyeing a local Kai Tak project – and its autonomous rail transit vehicle – as a launch pad for global expansion.

Workers are seen inside a carriage of an autonomous rapid transit vehicle at a CRRC plant in Yibin, southwest China’s Sichuan province. When construction is complete, the bus will be shipped to Kuching, Malaysia. Photo: Frank Chen
Workers are seen inside a carriage of an autonomous rapid transit vehicle at a CRRC plant in Yibin, southwest China’s Sichuan province. When construction is complete, the bus will be shipped to Kuching, Malaysia. Photo: Frank Chen
Banking & finance

Chinese banks test repo-linked corporate loans for more market-based pricing

Lenders are shifting loan benchmarks to short-term market rates, which analysts say heightens volatility and tests risk controls.

E-commerce

JD.com’s second-quarter profit rises 15% as food-delivery losses narrow

Net revenue dips, but still beats analysts’ estimate, as e-commerce giant contends with weak demand and fierce competition.

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Semiconductors

Chinese chip foundries surge as AI boom drives triple-digit profit growth

SMIC, Hua Hong Grace results highlight how local foundries are aggressively running their plants at full capacity to meet domestic needs.

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China's top two chipmakers saw their revenues and profits surge in the second quarter amid high demand for AI chips. Photo: Shutterstock
China's top two chipmakers saw their revenues and profits surge in the second quarter amid high demand for AI chips. Photo: Shutterstock
Hong Kong property

CK Hutchison Holdings reports 31-fold surge in first-half profit

Global environment in the first half of 2026 was ‘exceptionally turbulent and uncertain’, says chairman Victor Li Tzar-kuoi.

Hong Kong stock market

AI surge helps dual-listed stocks’ A-H premium hit 1-year high

Yuan-traded shares have hit a 23 per cent premium over their H share equivalents, the highest in almost 12 months.

China technology

The next tech race? China launches push to leapfrog US in ‘brain chip’ devices

China is throwing the power of the state behind efforts to overtake Elon Musk in a vital frontier technology: brain-computer interfaces.

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China is pushing to commercialise brain-computer interface technology. Photo: Shutterstock
Artificial intelligence

Chinese AI start-up ModelBest kicks off pre-IPO tutoring process on mainland

Company says it has hired Citic Securities to guide pre-listing preparation but has not announced further details of plans.

ModelBest’s logo . Photo: mrjjxw.com
ModelBest’s logo . Photo: mrjjxw.com
Electric & new energy vehicles

China’s EV sales keep sliding as incentives fade and price war seen heating up

A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.

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Hong Kong stock market

Hong Kong seeks tech exposure amid Beijing’s rising AI dominance

The city is looking to expand stock benchmarks in an effort to challenge Nasdaq’s tech dominance.

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Banking & finance

China’s quant funds have edge on foreign rivals, as Beijing curbs trading speed

Top US quant teams unable to beat native competitors in mainland China unlike in Japan or India, despite regulatory clampdown on trading.

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China’s quantitative funds have built trading strategies so closely tailored to the market that foreign rivals cannot replicate them, a prominent economist has said. Photo: Shutterstock
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