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China Business
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China economy
Semiconductors
Xiaomi’s new 3-nanometre chip takes on rival products from Apple, Qualcomm
The chip marks another milestone for China’s technology self-sufficiency drive amid tightened US export controls on advanced semiconductors.
1 hour ago
Electric & new energy vehicles
CATL’s EV battery plants to become carbon neutral this year, founder Zeng says
1 hour ago
Hong Kong stock market
China’s first rate cut in 7 months drives Hong Kong stocks to 2-month high
3 hours ago
Foxconn
Foxconn invests in India as Apple moves iPhone production from China
Apple is looking to import most of the iPhones it sells in the US from India by the end of 2026.
20 May 2025 - 10:04AM
The logo of Foxconn, also known as Hon Hai Precision Industry, is seen on top of the company’s building in Taipei. Photo: Reuters
IPO
Hong Kong regains No 1 spot in global fundraising on CATL’s US$4.6 billion IPO
EV battery maker’s shares advance 16.4 per cent to close at HK$306.20 on the first day of trading in the city.
2 hours ago
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Electric & new energy vehicles
China’s EV price war worsens, threatening carmakers’ 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.
6 hours ago
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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.
19 May 2025 - 9:00PM
Huawei has launched its first foldable-screen laptop running its self-developed HarmonyOS operating system. Photo: Huawei Technologies
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.
19 May 2025 - 8:18PM
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.
19 May 2025 - 6:51PM
Electric & new energy vehicles
Exclusive
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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.
19 May 2025 - 8:34PM
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.
19 May 2025 - 5:00PM
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A UBTech humanoid robot picks up an object during a demonstration simulating a factory’s assembly line. Photo: Reuters
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.
19 May 2025 - 5:08PM
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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.
19 May 2025 - 8:30AM
Banking & finance
Exclusive
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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.
19 May 2025 - 9:29AM
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.
18 May 2025 - 3:00PM
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CATL set up CharGo last year to enter the mobile electric vehicle charging robot market. Photo: Handout
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.
18 May 2025 - 12:07PM
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.
17 May 2025 - 4:00PM
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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.
17 May 2025 - 12:41PM
Illustration by Lau Ka-kuen
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.
17 May 2025 - 9:00AM
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.
16 May 2025 - 8:00PM
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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.
16 May 2025 - 7:55PM
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.
16 May 2025 - 7:00PM
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In a paper co-authored by founder Liang Wenfeng, DeepSeek elaborated on some of the technology behind its foundational V3 model. Photo: Shutterstock
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.
16 May 2025 - 6:17PM
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.
16 May 2025 - 6:00PM
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.
16 May 2025 - 4:46PM
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