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General view of Exchange Square in Central. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks rise after China cuts key rates for first time in 7 months

China lowers one-year loan prime rate (LPR) to 3 per cent from 3.1 per cent, and five-year LPR to 3.5 per cent from 3.6 per cent.

Foxconn

Foxconn invests in India as Apple moves iPhone production from China

IPO

CATL jumps 12.5% in Hong Kong as the year’s biggest IPO sizzles

Electric & new energy vehicles

China’s EV price war worsens, threatening Nio and Xpeng’s plans to stem losses

Chinese carmakers offered a record high 16.8 per cent average discount last month, from 16.3 per cent in March, JPMorgan findings show.

The U8L SUV by Yangwang, a luxury brand under Chinese electric vehicle giant BYD, is displayed at the Shanghai Auto Show on April 23, 2025. Photo: Reuters
The U8L SUV by Yangwang, a luxury brand under Chinese electric vehicle giant BYD, is displayed at the Shanghai Auto Show on April 23, 2025. Photo: Reuters
Huawei

Huawei flexes with US$3,300 foldable tablet running HarmonyOS

Huawei has launched a foldable-screen laptop and a more traditional MateBook Pro with home-grown tech after being cut off from Microsoft and Intel.

Xiaomi

Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says

Lei said Xiaomi has allocated US$6.9 billion for semiconductor development in China over a 10-year period.

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Ant Group

Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin-off

Ant International could fetch an IPO valuation of between US$8 billion to US$24 billion if it lists in Hong Kong, analysts say.

The Ant Group logo seen inside the fintech company’s headquarters in Hangzhou, capital of eastern Zhejiang province. Photo: Reuters
The Ant Group logo seen inside the fintech company’s headquarters in Hangzhou, capital of eastern Zhejiang province. Photo: Reuters
Electric & new energy vehicles

Exclusive | Stellantis, Leapmotor near decision on European production

Leapmotor says production costs likely to rise by 10 per cent compared with former Poland plant, but has no plans to raise prices.

Robotics

China’s industrial robot output soars, as Unitree and UBTech take lead

Production of industrial robots in April outpaced increases seen in earlier months amid national enthusiasm around the technology.

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Hong Kong stock market

Hong Kong stocks erase loss as China’s resilient economy defies US tariff impact

China’s April economic data offers a glimpse into the impact of Trump’s ‘reciprocal tariffs’ on the nation’s economy.

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Screens display financial market movements at the Shanghai Stock Exchange’s new building. Photo: AFP
Banking & finance

Hong Kong offers vital linkages in aiding Qatar-China investment growth, bank says

Standard Chartered’s Huen sees opportunities in financial services and technology as Qatar seeks to diversify from oil and gas.

Doha skyline on May 13, 2025. Photo: Reuters
Doha skyline on May 13, 2025. Photo: Reuters
Banking & finance

Exclusive | Goldman urges value investors to make ‘precise’ stock picks in China

Investors should target sectors with policy support in China as trade tensions ease, Goldman Sachs says.

Electric & new energy vehicles

EV battery maker CATL seeks new growth in clean tech ahead of Hong Kong listing

The company is exploring overseas expansion opportunities and revving up its charging robot initiative through its subsidiary CharGo.

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Video gaming

Chinese esports giant NIP sets global targets with Abu Dhabi expansion

Co-founder Hicham Chahine said a significant portion of NIP’s audience is now outside China, which he called a more ‘developed’ video gaming market.

Mario Ho Yau-kwan, the youngest son of the late Macau casino tycoon Stanley Ho Hung-sun, became the youngest founder of a Nasdaq-listed company in Asia when his esports company NIP Group went public in 2024. Photo: X/ NasdaqExchange
China-EU relations

‘It’s crazy’: inside Europe’s growing obsession with Chinese blind-box toys

The craze is the latest sign that Chinese brands are becoming more skilled at winning over Western consumers.

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Shoppers look through the window of a Pop Mart store near the Louvre Museum in Paris. The Chinese toy giant has attracted a devoted fan base in Europe with its Labubu and Crybaby collectible dolls. Photo: Xinhua
Shoppers look through the window of a Pop Mart store near the Louvre Museum in Paris. The Chinese toy giant has attracted a devoted fan base in Europe with its Labubu and Crybaby collectible dolls. Photo: Xinhua
Banking & finance

Hong Kong prepares for a homecoming as mainland firms face US delisting threats

Delisting pressure on US-listed companies from the mainland could be a jackpot for Hong Kong markets.

Artificial intelligence

Hong Kong healthcare investor looks for biotech’s ‘DeepSeek moment’ in China

ORI Capital is planning a US$350 million fund to focus on Chinese biotech, with hopes that AI will help beat the market.

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Tencent

China’s lack of advanced chips hinders adoption of AI models: Tencent executive

Washington’s latest chip export controls could widen the gap in AI adoption between China and the US, Tencent Cloud’s Wang Qi says.

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Tencent president Martin Lau says the company “just sort of has to manage” the latest US chip export restrictions. Photo: Shutterstock
Tencent president Martin Lau says the company “just sort of has to manage” the latest US chip export restrictions. Photo: Shutterstock
Hong Kong stock market

Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.

DeepSeek

DeepSeek offers new details on using 2,048 Nvidia chips to train its V3 model

In a paper co-authored by founder Liang Wenfeng, the start-up attributes its success to a hardware-software co-design approach.

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Shenzhen

Chinese fast-fashion group opens Urban Revivo store in Hong Kong amid sales challenges

FMG opened its flagship Urban Revivo store in Tsim Sha Tsui on Friday, taking up 8,750 sq ft of retail space in Harbour City.

Urban Revivo’s first Hong Kong outlet in Harbour City opens its door on May 16, 2025. Photo: Elson Li
Huawei

Huawei’s chip unit doubled revenue last year on back of firm’s smartphone growth

HiSilicon recorded a surge in revenue in 2024, driven by strong sales of Huawei’s Pura 70 and Mate 70 handsets, according to Counterpoint Research.

Huawei’s Mate 60, Pura 70 and Mate 70 smartphones use similar Kirin 9000-series chips produced entirely domestically. Photo: Huawei
Huawei’s Mate 60, Pura 70 and Mate 70 smartphones use similar Kirin 9000-series chips produced entirely domestically. Photo: Huawei
US-China tech war

US curbs on Huawei chips add uncertainty to China’s AI investment

New guidance on US export rules could deter Chinese firms with global ambitions from using Huawei processors, analysts say.

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IPO

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

Hong Kong stock market

Hong Kong stocks sink, trimming trade-deal gain, on Alibaba earnings miss

Lacklustre earnings could derail a rebound in equities spurred by a temporary ceasefire in the tariff war between China and the US.

The Alibaba logo is seen in an illustration photo taken on January 29, 2025. Photo: Reuters
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