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Spanish car-part supplier Gestamp eyes added China capacity as peers back off
‘We could be a very active player,’ executive chairman says at Shanghai Auto Show.
27 Apr 2025 - 7:42PM
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Hong Kong property
Hong Kong’s largest flex-office provider seeks deals with landlords
27 Apr 2025 - 1:32PM
US-China trade war
Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom
27 Apr 2025 - 9:43AM
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Electric & new energy vehicles
Pure EVs regain market share in China on lithium cost, battery technology
Lithium prices are just one-ninth of the peak in 2022, allowing EV makers to win over new buyers in mainland China.
25 Apr 2025 - 8:26PM
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Visitors look at Contemporary Amperex’s fast-charging battery at the Shanghai Auto Show on Wednesday. Photo: AP
TikTok
TikTok shakes up US e-commerce, policy leadership amid trade war, ban law
The changes for two executives follow a departure last month, as ByteDance seeks to safeguard business in its flagship app’s largest market.
25 Apr 2025 - 6:00PM
Banking & finance
Hong Kong’s Gaw Capital to raise new US$2 billion property fund
A potential investor was told the fund’s investments would be diversified and remain flexible amid market volatility.
25 Apr 2025 - 5:38PM
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Metaverse
Facebook owner Meta lays off more than 100 employees in Reality Labs
The job cuts affected staff focused on creating VR experiences for Meta’s Quest headsets, and those working on hardware.
25 Apr 2025 - 12:15PM
A person tries out a MetaQuest 3 headset at the Facebook parent’s headquarters in Menlo Park, California. Photo: AFP
Electric & new energy vehicles
Digital cockpit is the key to the Russian EV buyer’s wallet, vendors say
With large screens and high-quality audio systems, Chinese cars are ready to run infotainment software Russian drivers favour, vendor says.
25 Apr 2025 - 11:45AM
Semiconductors
US-China trade war drives demand for Intel’s older chips
A worsening economic outlook and tariffs between the US and China have prompted customers to fall back on cheaper, older processors.
25 Apr 2025 - 11:15AM
Artificial intelligence
Google earnings beat estimates, says AI investments boost ad sales
Big Tech firms have continued to defend their aggressive AI investments, saying these were necessary to remain competitive.
25 Apr 2025 - 10:10AM
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Electric & new energy vehicles
Chinese EV exports shift to Russia, Middle East amid US, Europe tariffs: report
Growing sales in emerging markets are insulating Chinese EV makers from tariff volatility, AlixPartners says.
25 Apr 2025 - 10:52AM
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BYD electric cars, bound for South America, are stacked at the Taicang Port in Suzhou in eastern Jiangsu province on April 8, 2025. Photo: AFP
Electric & new energy vehicles
Chinese carmakers put brakes on self-driving hype at Shanghai show
‘Safety’ is the big buzzword as firms adjust tone amid Beijing’s closer scrutiny after a fatal crash involving a driver-assistance system.
24 Apr 2025 - 9:59PM
China property
HSBC, Citigroup tout Chinese property stocks’ upside
HSBC raised its target price for five mainland developers by an average of 9 per cent, implying an 18 per cent upside.
24 Apr 2025 - 6:04PM
IPO
Chinese restaurant chain makes its fifth attempt to list in Hong Kong
The Hangzhou-based budget-dining chain has yet to reveal the amount it plans to raise from the stock offering.
24 Apr 2025 - 2:16PM
Banking & finance
Pop Mart prices Labubu 3.0 collection at 99 yuan each
Company raises prices in US and moves more production to Vietnam to combat margin pressure amid tariff uncertainty.
24 Apr 2025 - 4:01PM
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Pop Mart is introducing Labubu 3.0, a colourful set of seven figurines from the Norse mythology-inspired “The Monsters” series, globally on Thursday. Photo: Handout
Artificial intelligence
Tesla is testing robotaxi service with employees in Texas, California
The plan is to launch this summer a Robotaxi service that would be driverless and under remote supervision.
24 Apr 2025 - 12:00PM
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TSMC
TSMC shows off new tech for stitching together bigger, faster chips
The Taiwanese chipmaking giant will begin production with its advanced A14 fabrication process in 2028.
24 Apr 2025 - 11:00AM
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Semiconductors
Nvidia supplier SK Hynix’s profit soars on AI demand boost
It marks the company’s second-highest quarterly performance and comes on the heels of record revenue and profit in the prior quarter.
24 Apr 2025 - 9:54AM
A logo of SK Hynix is seen at the Korea Electronics Show in Seoul, South Korea. Photo: AP
Electric & new energy vehicles
Hesai to quadruple lidar output to extend lead in laser range finders
The company plans to boost production to 2 million units this year from about 502,000 units in 2024, founder and CEO David Li Yifan says.
24 Apr 2025 - 10:33AM
Electric & new energy vehicles
No-shows at Shanghai car expo reflect brutal mainland competition
Hyundai, Hozon, Jaguar Land Rover, Polestar and nearly a dozen other marques miss the world’s largest auto event.
24 Apr 2025 - 4:25PM
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Electric & new energy vehicles
Chinese robotaxi firm Pony.ai eyes global expansion, unveils 3 models
The industry will see wider adoption and a big jump in the number of robotaxis in the next three years, Pony.ai CEO James Peng says.
23 Apr 2025 - 9:36PM
Stocks
Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction
Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.
23 Apr 2025 - 5:00PM
Tencent was Chinese mutual funds’ top stock holding in the first quarter, according to data from TX Investment Consulting. Photo: Reuters
Semiconductors
China’s memory chip giant issues rare recruitment ad for Japan unit
The hiring notice sheds light on CXMT’s Japanese subsidiary for the first time since it was established in 2020.
23 Apr 2025 - 5:00PM
Hong Kong property
Hong Kong retail slump claims another victim as dessert shop deserts
After You Dessert Cafe to close its two shops as retail sector downturn puts further pressure on the weak retail property market.
23 Apr 2025 - 4:30PM
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Semiconductors
Nvidia supplier SK Hynix unseats Samsung as world’s DRAM chip leader on AI boost
SK Hynix seized 36 per cent of global DRAM sales in the March quarter to surpass Samsung, which had led the market for more than 30 years.
23 Apr 2025 - 2:25PM
HIGHLIGHTS FROM
China Future Tech
China Economy
Shanghai aims for leading role in China’s commercial space sector
25 Apr 2025 - 1:30PM
China Business
Pure EVs regain market share in China on lithium cost, battery technology
25 Apr 2025 - 8:26PM
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Big Tech
Baidu offers new AI models at lower cost than DeepSeek’s products
25 Apr 2025 - 7:00PM
Tech War
China waives retaliatory tariffs on some US chip imports, report says
25 Apr 2025 - 5:52PM
28
China Business
Digital cockpit is the key to the Russian EV buyer’s wallet, vendors say
25 Apr 2025 - 11:45AM
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