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A file photo shows the Ras Laffan Industrial City, Qatar’s principal site for production of liquefied petroleum gas. Photo: AFP
Hong Kong stock market

Recession fears grip markets as energy facilities under fire in Middle East

Risk-off mode takes hold as attacks bring crisis to ‘a more dangerous level for the global economy’, analyst says.

Hong Kong stock market

SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

Alibaba

Alibaba targets US$100b in annual cloud, AI revenue despite results miss

Mainland China

Exclusive | Singapore-headquartered GLP eyes 50% rent surge as China demand fuels growth

Firm will ride Beijing’s push for domestic demand by expanding logistics, data centres and renewable energy capacity, GLP China CEO says.

A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
Electric & new energy vehicles

China presses EV makers to end price war and focus on innovation as demand cools

Oversight of China’s industry intensifies, with carmakers urged to move beyond discounts and focus on chips and self-driving systems.

Hong Kong stock market

Hong Kong, mainland China stocks tumble as oil shock revives recession worries

Shanghai Composite Index falls below 4,000 points for the first time in two months, underscoring investor jitters.

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Hong Kong stock market

China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.

An automated container handler moves a Cosco shipping container at the Long Beach Container Terminal at the Port of Long Beach in California on January 14, 2026. Photo: AFP
An automated container handler moves a Cosco shipping container at the Long Beach Container Terminal at the Port of Long Beach in California on January 14, 2026. Photo: AFP
Tencent

China’s Tencent pledges new wave of AI investment as it bets on WeChat agents

The tech giant reported a 17 per cent increase in net income last year, in line with analysts’ predictions, as fervour over AI agents grips China.

Banking & finance

Iran conflict drives fund managers to slash risk and hoard cash: BofA survey

Fund managers pile into cash at fastest pace since Covid-19 as geopolitical tensions, inflation replace AI as top concerns, bank finds.

China stock market

Xi-Trump summit eyed for direction as Hong Kong, China stocks shaken by conflict

Markets await clarity on a summit, hoping it will steady Hong Kong and China equities as Middle East hostilities weigh on sentiment.

Investors are awaiting clarity on a summit between Xi Jinping and Donald Trump, viewing it as a potential sign of cooperation that may steady mainland China and Hong Kong equities, according to analysts. Photo: AFP
Artificial intelligence

Tencent makes OpenClaw-based tool available as WeChat mini-program

Company says users will be able to use mini-program to send commands from smartphones to PCs via audio messages and images.

Tencent has made QClaw a WeChat mini- program as it promotes its OpenClaw AI agent. Photo: Handout
Tencent has made QClaw a WeChat mini- program as it promotes its OpenClaw AI agent. Photo: Handout
Hong Kong stock market

Hong Kong stocks extend win streak amid stabilising oil prices despite Iran war

Hang Seng Index rises for a third day, the longest run since January, as Wall Street rally and steadier oil prices boost mood.

Artificial intelligence

Tencent and Alibaba quarterly earnings preview: key things to watch

Analysts expect steady growth, but investors will focus on AI strategy, capex and signs of monetisation at China’s tech giants.

Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

Wang Lei, CEO of Huatai Financial. Photo: Handout
Drones

China leads world in anti-drone patent race with US far behind, law firm finds

Patent filings for anti-drone technology surged 27 per cent last year amid rising global security concerns, says Mathys & Squire.

A police officer presents an anti-drone gun during the Railway Police Open Day at Hankou Railway Station in Wuhan, Hubei province. Photo: Getty Images
A police officer presents an anti-drone gun during the Railway Police Open Day at Hankou Railway Station in Wuhan, Hubei province. Photo: Getty Images
Smartphones

China’s Oppo doubles down on foldable smartphones as potential Apple entry looms

Oppo’s Find N6 debuts with ‘virtually’ crease-free screen amid growing buzz over a foldable iPhone that is expected to debut this year.

China’s private sector

US reshoring drive casts shadow over China’s contract drug makers, analyst says

Strong order backlogs underpin earnings through 2027, but analysts warn longer-term demand is less certain as US firms reshore production.

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Art

Pony Ma’s new museum takes shape in Shenzhen, led by Pi Li

Rong Museum of Art, a flower-like structure within the M80 Campus in Shenzhen’s Houhai district, will open in 2027.

A computer-generated image of the M80 Campus in Shenzhen’s Houhai area. Rong Museum of Art is going to be one of four towers forming the M80 Campus. Photo: Buro Ole Scheeren
A computer-generated image of the M80 Campus in Shenzhen’s Houhai area. Rong Museum of Art is going to be one of four towers forming the M80 Campus. Photo: Buro Ole Scheeren
Hong Kong stock market

Hong Kong stocks edge higher as oil steadies, tracking Wall Street gains

Hang Seng Index advances for a second day amid easing concerns over inflation and geopolitical risks.

Mergers & Acquisitions

Ant Group subsidiary completes steps for Hong Kong retail brokerage takeover

Bright Smart shares surge after Ant Group’s Wealthiness and Prosperity completes reporting procedures required by Chinese authorities.

Stocks

South Korea and Japan bear brunt of global stock sell-offs amid oil shock

South Korea and Japan lead global market declines – with losses steeper than in Europe – as oil shock underscores their reliance on imports.

The Kospi index is shown on an electronic stock board in Seoul. The index has dropped 12 per cent since the US-Israel war with Iran broke out on February 28. Photo: AFP
Artificial intelligence

Alibaba reshuffles AI units into a new ‘Token Hub’ group, led by CEO Eddie Wu

Intended to increase AI coordination, the group will sit alongside Alibaba Cloud and the company’s e-commerce divisions.

The Alibaba Token Hub Business Group brings all the company’s core AI teams and products together under one umbrella. Photo: Reuters
The Alibaba Token Hub Business Group brings all the company’s core AI teams and products together under one umbrella. Photo: Reuters
Electric & new energy vehicles

Leapmotor’s Stellantis tie-up pays off as EV exports jump nearly 400% last year

The Hangzhou-based carmaker exported 67,052 units in 2025, up from 13,726 in 2024, according to an exchange filing.

Banking & finance

Hong Kong attracts wave of biotech IPO filings amid AI drug research boom

More than 10 pre-profit drug developers are seeking Hong Kong listings as AI-powered biotech platforms draw growing investor interest.

Mainland China

Guess says it will shut all mainland China stores amid retail rethink

US fashion brand tells customers it will close all mainland China stores by end of March as analysts cite weak localisation, strategy gaps.

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A Guess outlet in Nanjing, Jiangsu province, China. After two decades, the fashion outlet says it is calling it quits in mainland China. Photo: Getty Images
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