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China economy
The move marks Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates by more than 30 per cent. Photo: Shutterstock
Artificial intelligence

China’s Zhipu AI open-sources GLM-5.1, raises prices to trim gap with US rivals

The company’s second price increase this year signals a push to monetise advanced AI models while keeping costs below US peers.

Artificial intelligence

China’s DeepSeek adds expert chatbot mode ahead of much-awaited V4 release

Electric & new energy vehicles

Chinese carmakers bet on solid-state batteries to drive next EV phase

IPO

China’s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO

The Shanghai-based energy storage systems provider is selling 13.57 million shares at HK$324.20 each.

Sigenergy focuses on stackable solar storage systems. Photo: Xinhua
Sigenergy focuses on stackable solar storage systems. Photo: Xinhua
Hong Kong stock market

Stocks rise and oil slumps on US-Iran truce as Alibaba leads AI charge

Asian stocks found footing and oil plunged after a two-week ceasefire was reached, subject to Tehran’s vow to completely reopen the Strait of Hormuz.

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Biomedicine: Companies

Global drug makers face pricing pressure as China targets affordable healthcare

As pharmaceutical firms navigate China’s aggressive pricing reforms, their profits could be squeezed further this year.

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Artificial intelligence

Chinese AI glasses maker Rokid planning Hong Kong IPO: sources

Listing plan comes as giants Apple, Meta, Alibaba, Baidu, Xiaomi and Huawei, plus start-ups like Xreal, Rayneo, anticipate market growth.

A staff member demonstrates a pair of smart glasses developed by Hangzhou-based Rokid at a store in Yingtan, in east China’s Jiangxi province, on July 10, 2025. Photo: Xinhua
A staff member demonstrates a pair of smart glasses developed by Hangzhou-based Rokid at a store in Yingtan, in east China’s Jiangxi province, on July 10, 2025. Photo: Xinhua
China stock market

China tightens trading scrutiny on major shareholders and executives

New CSRC rules curb short-term trading by major shareholders to boost investor confidence and encourage long-term market participation.

Banking & finance

ICBC and CCB lead China’s biggest banks in US$61 billion dividend payout

Record payouts come as regulators push listed companies to enhance dividend frequency and predictability.

Banking & finance

Stricter Chinese scrutiny of offshore vehicles a blow for tech IPO candidates

Mainland’s stock market watchdog is discouraging establishment of ‘red-chip-structured’ companies in sensitive industries.

Many Chinese biotech and tech firms favour red-chip structures. Photo: Shutterstock
Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

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Skoda, Volkswagen’s mass-market brand, shut down its Chinese operations this year. Photo: AFP
Skoda, Volkswagen’s mass-market brand, shut down its Chinese operations this year. Photo: AFP
China stock market

China IPOs jump 56% as regulator eases restrictions to drive tech innovation

Funds raised on the mainland’s three exchanges in the first quarter topped 25.7 billion yuan, compared with 16.5 billion yuan a year earlier.

Artificial intelligence

China’s rigid corporate culture slows AI adoption, ex-OpenAI executive says

China’s tech-savvy consumers embrace AI, but rigid corporate hierarchies hold back enterprises, Zack Kass says.

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Mainland China

Demographic shift fuels growth in China’s elderly care, insurance sectors

Powered by AI, the silver economy is driving product innovation and unlocking substantial new consumption growth.

A senior resident interacts with ‘Xia Lan,’ a humanoid robot, at Shenzhen Nursing Home in Shenzhen, Guangdong province, March 3, 2025. Photo: Xinhua
Artificial intelligence

Tencent expands OpenClaw suite with enterprise tool amid China’s ‘lobster’ craze

ClawPro tool promises quick AI agent deployment, giving enterprises control over models, tokens and security.

Chinese tech firms are rushing to offer China users easy or inexpensive access to OpenClaw after it went viral. Photo: Getty Images
Chinese tech firms are rushing to offer China users easy or inexpensive access to OpenClaw after it went viral. Photo: Getty Images
Electric & new energy vehicles

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

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Electric & new energy vehicles

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

A Leapmotor C10 model car is displayed at a showroom in its headquarters in Hangzhou. Photo: Getty Images
A Leapmotor C10 model car is displayed at a showroom in its headquarters in Hangzhou. Photo: Getty Images
Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

Hong Kong stock market

China’s onshore traders add Hong Kong stocks for third straight month

Mainland Chinese investors bought US$7.8 billion of stocks through the connect scheme in March.

Bonds

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

S&P Global Ratings has assigned an ‘A-’ long-term rating to JD.com’s notes. Photo: Reuters
China property

Top Chinese developers’ losses mount as debt overhaul props up operations

Analysts say subdued demand and cautious buyers persist, with one-off debt restructuring masking deeper losses in the sector.

A residential building under construction by China Vanke in Hangzhou, Zhejiang province, in March 2024. Photo: AFP
A residential building under construction by China Vanke in Hangzhou, Zhejiang province, in March 2024. Photo: AFP
IPO

Hong Kong tightens grip on IPO crown as filings surge and pipeline grows

Sixteen new and refiled applications, led by hard-tech firms, point to a deepening pipeline as investor appetite returns.

China property

Mainland China, Hong Kong premium office supply to peak as demand lags: Cushman

Weak absorption reflects cautious corporate leasing amid global uncertainties, but Cushman expects gradual recovery as new sectors expand.

Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.

AI computing and data centre demand are new power consumption drivers, according to Ganfeng Lithium. Photo: Getty Images
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