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China economy
The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier. Photo: Reuters
Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

Electric & new energy vehicles

Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

Banking & finance

Tong Ren Tang unit pulls Hong Kong IPO in first postponement this year

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Semiconductors

China’s top chip foundry SMIC unveils growth action plan

Firm aims for above-average growth this year under plan for ‘optimising existing stock and digging for new increments’.

People visit a display of semiconductor device at Semicon China, a trade fair for semiconductor technology, in Shanghai on March 17, 2021. Photo: Reuters
People visit a display of semiconductor device at Semicon China, a trade fair for semiconductor technology, in Shanghai on March 17, 2021. Photo: Reuters
Hong Kong stock market

China’s CNOOC to boost oil and gas output amid Middle East strife

Country’s largest producer aims to increase output by up to 3 per cent from 2025’s record level.

Electric & new energy vehicles

China’s Pony AI to launch robotaxi service in Europe with Uber, local start-up

Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.

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Electric & new energy vehicles

China’s lidar giants pivot to robotics in boost supply chain dominance

Hesai will spend US$28.9 million this year to design and manufacture ‘eyes and muscles’ for robots, creating a new growth engine.

The Hesai booth at CES 2025 in Las Vegas, January 9, 2025. Photo: NurPhoto via Getty Images
The Hesai booth at CES 2025 in Las Vegas, January 9, 2025. Photo: NurPhoto via Getty Images
China trade

‘Careful scrutiny’ needed in China’s applications of AI: Jiang Xiaojuan

Stronger oversight needed as unchecked AI risks undermining jobs and data security, government advisers urge at the Boao Forum for Asia.

Artificial intelligence

China’s Kuaishou slumps as analysts flag growth pressure despite strong results

Short-video giant’s core advertising and live-streaming businesses face headwinds while AI investments weigh on margins, analysts say.

China’s private sector

China’s Jiangsu Aidea eyes Hong Kong IPO as gateway to US, European Aids markets

Yangzhou-based drug maker views Hong Kong as a ‘good window’ for its international expansion in HIV and Aids treatments.

Liu Yan says Hong Kong has a flexible fundraising environment. Photo: Denise Tsang
China’s private sector

China’s obesity drug makers take on global giants as Novo Nordisk patent expires

Patent expiry of blockbuster drug opens door for Chinese drug makers to challenge multinationals in booming weight-loss market.

Semaglutide generated about US$35 billion in global revenue last year. Photo: AFP
Semaglutide generated about US$35 billion in global revenue last year. Photo: AFP
Semiconductors

Semicon China: AI, packaging set to drive country’s chip industry growth

China on track to account for nearly half of world wafer capacity in two years, organiser of world’s largest chip industry trade show says.

Pinduoduo

Pinduoduo operator’s profit slides as firm cites higher reinvestment

Results reflect a pivotal year for PDD Holdings, as breakneck growth gives way to more stable pace.

China’s private sector

China Mobile bets on Hong Kong as gateway for global computing flows

China Mobile opens new data centre and expands cables as Hong Kong is drawn deeper into China’s national computing network.

The push to link Hong Kong more closely with mainland computing resources reflects China’s broader ambitions in artificial intelligence. Photo: Handout
China-EU relations

Why Chinese companies struggling at home are looking to Europe

Chinese firms operating in Europe have very different view to European firms with investments in China, survey finds.

Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd’s factory in Debrecen, Hungary. Photo: Reuters
Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd’s factory in Debrecen, Hungary. Photo: Reuters
Hong Kong stock market

Pop Mart shares dive despite soaring profit as investors fear Labubu dependence

Labubu and The Monsters series make up 38 per cent of 2025 revenue, while conservative growth guidance for 2026 weighs on confidence.

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Stocks

Global buy-backs soar but mainland China, Hong Kong see drop: Capital Group

The repurchases, along with AI gains, help propel global equities to fresh peaks in 2025, asset manager says.

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China manufacturing

Buying goods in China? Suppliers forced to scale back as Iran war bites

Some Chinese producers are already feeling ‘intense’ strain as the conflict sends energy, logistics and raw material costs soaring.

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Smoke and flames rise above Tehran after air strikes on an oil depot on March 7. The economic disruptions caused by the US-Israel war on Iran have pushed up costs for Chinese manufacturers, causing some factories to halt production. Photo: TNS
Smoke and flames rise above Tehran after air strikes on an oil depot on March 7. The economic disruptions caused by the US-Israel war on Iran have pushed up costs for Chinese manufacturers, causing some factories to halt production. Photo: TNS
China’s private sector

Visa-free travel, rising foreign visitors boost luxury hotel growth in China

China’s luxury hotels thrive as visa-free policies drive international tourism, with Shanghai and Beijing seeing significant growth in high-end stays.

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Hong Kong stock market

Hong Kong stocks extend rebound on signs of diplomatic path in Iran conflict

Investors cheered progress on peace talks and falling crude prices, helping the Hang Seng Index rise for a second day.

China consumption

China consumer firms post strong results but analysts warn recovery may lag

Hong Kong-listed consumer firms report strong results but analysts say the gains reflect structural shifts rather than broad recovery.

People queue to enter a shop in Liuzhou city, Guangxi Zhuang Autonomous Region, on March 10. Photo: Xinhua
Autonomous vehicles

China’s WeRide eyes Hong Kong, Singapore roads for robotaxi services

Company plans to put self-driving taxis and buses on Hong Kong streets this year, while Singapore service starts April 1 through Grab.

WeRide’s planned entry into Hong Kong aims to cover both robotaxis and robobuses. Photo: Getty Images
WeRide’s planned entry into Hong Kong aims to cover both robotaxis and robobuses. Photo: Getty Images
Hong Kong stock market

Memory costs ‘beyond imagination’ hurting smartphone makers: Xiaomi leader

Firms are being drawn into a price-raising cycle that could reshape the industry, executive says as company reports 27 per cent profit drop.

China energy security

China EV makers gain as Iran war drives up fuel costs

Oil supply disruptions and higher fuel prices due to the closure of the Strait of Hormuz have bolstered the outlook for China’s world-leading electric-vehicle makers.

China’s private sector

Rights to antibody drug from China’s Keymed change hands in US acquisition

Sichuan-based Keymed expects to receive up to US$320 million as a result of deal involving its autoimmune disease treatment licensed in 2024.

Gilead Sciences is one of many drug firms facing a revenue gap owing to expiring patents. Photo: Reuters
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