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The mass production of humanoid robots reflects intensifying competition in China’s robotics industry. Photo: Shutterstock
Robotics

China’s humanoid robot sector enters mass production in 2025

Six humanoid robot makers plan to produce more than 1,000 units in 2025, driving the value of domestic output to US$616 million this year.

Electric & new energy vehicles

CATL to mass-produce cheaper, efficient sodium-ion EV batteries

Artificial intelligence

Chinese tech giants race to expand AI services market via open-standard protocol

E-commerce

JD and Meituan food fight spills into public in Chinese delivery platform spat

In a public letter, JD.com accused a ‘rival platform’ of preventing delivery riders from using multiple platforms, for which Meituan was fined in 2021.

A Meituan delivery worker walks among office towers in Beijing on March 27. Photo: Reuters
A Meituan delivery worker walks among office towers in Beijing on March 27. Photo: Reuters
China stock market

Why China’s onshore stocks have weathered global turmoil and volatility

State-backed buying of nearly 160 billion yuan worth of ETFs and solid economic data have underpinned market sentiment, analysts say.

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Fintech

Digital wallets are finally taking hold in Hong Kong, report shows

A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.

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Wealth management

Smell of success: fresh Malaysian durians are taking bite out of China’s market

While Thailand dominates durian sales in China, sales of the Malaysian fruit have grown tenfold from last year, industry insiders say.

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Fresh durians from Malaysia displayed at a supermarket in Zhengzhou on August 25, 2024. Photo: Xinhua
Fresh durians from Malaysia displayed at a supermarket in Zhengzhou on August 25, 2024. Photo: Xinhua
Video gaming

Tencent-backed Hero Esports leverages AI in bid to become global leader

CEO Danny Tang said the esports tournament organiser is pilot-testing AI models, including DeepSeek, in ‘all aspects of the business’.

Artificial intelligence

Alibaba’s AI cancer detection tool clears FDA hurdle for faster approval process

The tech giant’s Damo Academy secured a “breakthrough device” designation from the US regulator for its pancreatic cancer-detecting AI model, Damo Panda.

Robotics

China’s humanoid robot half marathon winner wants to be ‘Android’ of robotics

Likening its tech to Google’s Android, the state-backed X-Humanoid is seeking a greater role in China’s highly competitive robotics industry.

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The Beijing Humanoid Robot Innovation Centre’s Tien Kung Ultra robot competes in China’s first half marathon for humanoid robots as engineers run alongside it. Photo: Xinhua
DeepSeek

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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Illustration: Henry Wong
Illustration: Henry Wong
Banking & finance

Tightened rules to shut many LGFVs out of Shanghai bond market, Fitch says

China has pledged to trim debts among local government financing vehicles by 2.3 trillion yuan (US$315 billion) by 2028.

Smartphones

Apple’s China smartphone shipments fall in first quarter ahead of Trump’s tariffs

Apple was the only top-five-ranked smartphone vendor in China to record a drop in shipments last quarter.

Semiconductors

Tech war: founder of Chinese chip equipment maker AMEC renounces US citizenship

The change of citizenship for AMEC’s Gerald Yin Zheyao, 81, comes amid the escalating tech war between the world’s two largest economies.

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The Shanghai headquarters of semiconductor gear maker Advanced Micro-Fabrication Equipment. Photo: SCMP
E-commerce

Shein, Temu to increase US prices next week, reflecting new tariffs

In nearly identical statements, Shein and Temu said prices would increase following US policy changes expected to impact how they operate.

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Shein and Temu issued nearly identical statements notifying US shoppers that prices would increase next week. Photo: Reuters
Shein and Temu issued nearly identical statements notifying US shoppers that prices would increase next week. Photo: Reuters
China trade

Myanmar earthquake may have disrupted China’s rare earth supplies

The disaster may have damaged mines and transport routes in Myanmar, which is China’s main supplier of rare earth elements, analysts say.

China stock market

Chinese onshore stocks fall as tariff talks make no headway

Trade tensions rise after US says Chinese ships would be required to pay fees when docking at US ports.

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US-China trade war

TikTok to the rescue? China’s factories go viral as US tariffs drive up prices

With tariffs at record levels, mainland suppliers to US market get creative – but industry insiders remain cautious as duties bite.

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The popular social platform TikTok has 170 million American users – and Chinese exporters have taken note. Photo: AFP
The popular social platform TikTok has 170 million American users – and Chinese exporters have taken note. Photo: AFP
Tencent

Tencent offers 28,000 internships amid youth unemployment in China

With 12 million fresh graduates entering the job market this summer, Chinese Big Tech companies are ramping up their recruitment efforts.

US-China tech war

Alibaba’s Taobao shopping app sees surging downloads in US amid Trump tariffs

Taobao jumped to fifth place from 47th on Apple’s App Store and to third place from 144th among shopping apps on Google Play in a matter of days.

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Electric & new energy vehicles

EVs | China to crack down on EV self-driving technology, ‘autonomous driving’ claims

Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.

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An accident in China involving a Xiaomi EV claimed three lives in March. Photo: Weibo/ 章博
US-China trade war

Desperate for sales, China’s traders chase risky deals in emerging markets

With the US market closed off, Chinese exporters are scouring the globe to find new buyers – with mixed results.

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Foreign buyers at the Canton Fair in Guangzhou say they have greater bargaining power in deals with Chinese suppliers amid the trade war. Photo: Xinhua
Foreign buyers at the Canton Fair in Guangzhou say they have greater bargaining power in deals with Chinese suppliers amid the trade war. Photo: Xinhua
US-listed Chinese stocks

Chinese companies’ ADRs at risk if US severs market ties: Goldman

Companies with high retail exposure, such as Alibaba, are more susceptible to sell-offs if they are forced to delist, Goldman says.

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IPO

Chinese tea firm Chagee raises US$411 million in New York IPO, sources say

At US$28 per depositary share, Chagee will be valued at US$5.1 billion, according to its regulatory filings.

Automotive industry

BYD prices new SUV at aggressive US$18,300 to attract young consumers

BYD slashed the price of the Titanium 3, which includes its new advanced driver assistance system, at the last minute, capitalising on Tesla’s China challenges.

BYD launches the Titanium 3 electric SUV under its Fang Cheng Bao brand in Shenzhen on April 16. Photo: Handout
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