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Illustration: Davies C. Surya
China property

China’s property market faces choppy waters amid Trump’s tariff war

‘I honestly don’t know where the bottom is,’ dismayed homebuyer says as trade tensions threaten to swamp a nascent recovery.

Robotics

Chinese maker of cleaning robots has US deal suspended amid tariff turmoil

Hong Kong property

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

E-commerce

Alibaba launches Taobao fast-delivery service ahead of schedule

The early introduction of the service reflects heightened domestic demand for efficient and affordable delivery of goods ordered online.

For Taobao, China’s largest online marketplace, fast delivery is a means to help boost sales amid slow consumer spending on the mainland. Photo: Shutterstock
For Taobao, China’s largest online marketplace, fast delivery is a means to help boost sales amid slow consumer spending on the mainland. Photo: Shutterstock
Apple

Apple sales in China dip as US tariffs add to headache

As iPhone sales in China continue to fall, Apple also faces US$900 million tariff costs this quarter.

E-commerce

Temu embraces local US sellers as Trump plugs ‘de minimis’ loophole

The shopping site is shifting its US business to a ‘local fulfilment model’, as tariff exemptions for low-value Chinese goods come to an end.

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Artificial intelligence

Nvidia raises concerns about Huawei’s growing AI chip capabilities

US export restrictions on Nvidia’s chips to China could make Huawei’s chips more competitive, CEO Jensen Huang says.

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Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP
Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP
Robotics

Why car park operator Shoucheng is doubling down on China robotics investment

The company, a subsidiary of Chinese steel giant Shougang, plans to invest in about 50 robotics firms over the next two to three years.

Electric & new energy vehicles

Chinese EV industry pits battery swapping technology against ultra-fast charging

The duelling technologies are aimed at soothing consumer anxiety about driving ranges.

DeepSeek

DeepSeek’s new maths-solving model is generating buzz, but mostly about R2

The Prover-V2 release has captured attention online, with many on social media wondering what it means for the start-up’s next reasoning model.

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A quiet update to a specialised maths AI model has fuelled speculation about when DeepSeek will release its next-generation reasoning model. Photo: TNS
Banking & finance

BlackRock-backed Suez taps HSBC to review China assets

A transaction could value the China water business at more than US$1 billion, sources say.

The BlackRock logo is pictured outside its headquarters in New York City. Photo: Reuters
The BlackRock logo is pictured outside its headquarters in New York City. Photo: Reuters
TikTok

TikTok confirms plans to build €1 billion data centre in Finland

Nordic countries have become attractive destinations for data centres as the colder temperatures reduce energy costs.

Artificial intelligence

The SMC: what to see at the Shanghai AI incubator visited by Xi Jinping

The Chinese president toured the Shanghai Foundation Model Innovation Centre on Tuesday to highlight the country’s vast potential in AI.

Electric & new energy vehicles

Global carmakers ‘go local’ in China to claw back EV market share

More than a dozen new EV models from foreign giants at Auto Shanghai feature the latest Chinese technologies in battery, digital cockpit and self-driving.

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Nio’s ET9 electric car on display on the first day of the Shanghai Auto show. Photo: EPA-EFE
Artificial intelligence

Alibaba’s Qwen3 AI model family helps narrow US-China tech gap: analysts

It reflects Qwen’s current position as the world’s largest open-source AI ecosystem, surpassing Meta Platforms’ Llama community.

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The new Qwen3 AI model family is available on open-source platforms GitHub and HuggingFace, as well as Alibaba’s own ModelScope service. Photo: Shutterstock
The new Qwen3 AI model family is available on open-source platforms GitHub and HuggingFace, as well as Alibaba’s own ModelScope service. Photo: Shutterstock
Alibaba

Alibaba uses food delivery network to upgrade Taobao on-demand delivery

Food delivery service Ele.me is handling orders for Taobao Instant Commerce as e-commerce giants compete on speed.

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Artificial intelligence

DeepSeek quietly updates open-source model that handles maths proofs

The Chinese start-up has released the Prover-V2 model a day after Alibaba released Qwen3, and ahead of an anticipated release of DeepSeek-R2.

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US-China tech war

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

Chinese President Xi Jinping visits the Shanghai Foundation Model Innovation Center on Tuesday. Photo: EPA-EFE/Xinhua
Chinese President Xi Jinping visits the Shanghai Foundation Model Innovation Center on Tuesday. Photo: EPA-EFE/Xinhua
SCMP Highlights

BYD’s new cut-price SUV, China’s shifting electric-car exports: 7 EV reads

From a Chinese robotaxi firm eyeing global expansion to Nio’s plans for right-hand-drive cars, here are seven EV stories you may have missed.

Xiaomi

Smartphone giant Xiaomi unveils AI model, joining fierce competition in China

Xiaomi says its open-source MiMo reasoning model, trained completely in-house, rivals the performance of OpenAI’s o1-mini and Alibaba’s QwQ-32B.

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China property

Vanke’s quarterly loss deepens to US$860 million despite state support

The loss stemmed mainly from declines in home settlements and gross margins, Vanke said.

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Vanke has 26.3 billion yuan of onshore and offshore bonds maturing this year. Photo: AFP
Artificial intelligence

Pony.ai partners with Tencent to provide robotaxi services on WeChat

With access to more than a billion users on Tencent’s platforms, Pony.ai is set to significantly boost its revenue potential.

The interior of a Pony.ai robotaxi, seen at the Shanghai Auto Show. Photo: Reuters
The interior of a Pony.ai robotaxi, seen at the Shanghai Auto Show. Photo: Reuters
China Evergrande Group

Evergrande chairman Hui Ka-yan refuses to disclose assets, liquidators say

Hui expressed his intention to the court on April 23 that he would not be disclosing his assets, a lawyer for the liquidators said.

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E-commerce

Temu adds tariff charges for US shoppers, as Shein also raises prices

Shipped-from-China items on Temu’s bestsellers list come with taxes exceeding the value of the product.

Artificial intelligence

Alibaba unveils Qwen3 AI models that it says outperform DeepSeek R1

The release comes just days after Baidu introduced two advanced models amid speculation about the imminent release of DeepSeek’s R2.

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Alibaba has released the third generation of its Qwen AI model series. Photo: Reuters
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