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ModelBest’s logo . Photo: mrjjxw.com
Artificial intelligence

Chinese AI start-up ModelBest kicks off pre-IPO tutoring process on mainland

Company says it has hired Citic Securities to guide pre-listing preparation but has not announced further details of plans.

Electric & new energy vehicles

China’s EV sales keep sliding as incentives fade and price war seen heating up

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Hong Kong property

Wharf firms up balance sheet as Hong Kong sales cushion profit slump

Alibaba

Alibaba says it can build AI data centres in 100 days with modular design

With CUBE 5.0, Alibaba Cloud expects to more than double modular data centre delivery efficiency this year amid AI boom, report says.

Alibaba is stepping up its data centre push globally as part of its US$56.3 billion AI capital expenditure commitment set out last year. Photo: dpa
Alibaba is stepping up its data centre push globally as part of its US$56.3 billion AI capital expenditure commitment set out last year. Photo: dpa
China consumption

Gap bucks retail headwinds with massive China expansion amid localisation drive

Gap’s plan for dozens of new stores and return to Hong Kong market comes as Ralph Lauren also posted a 40 per cent year-on-year jump in China sales in past quarter.

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IPO

Shein set for Hong Kong IPO next week, eyes US$35b valuation: sources

Singapore-based company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week.

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Electric & new energy vehicles

Tesla faces uphill battle against Beijing’s new standards for self-driving cars

Data regulation is a key issue facing the US electric vehicle giant in China, according to experts.

A woman uses her phone as she walks past a Tesla store in Beijing on July 31. Photo: Tingshu Wang
A woman uses her phone as she walks past a Tesla store in Beijing on July 31. Photo: Tingshu Wang
China consumption

Lululemon rival Alo Yoga enters China market with new store on Alibaba’s Tmall

The US brand announced its entry into China in June as part of its international expansion to tap the premium ‘athleisure’ market.

Electric & new energy vehicles

Can CATL’s milestone push flying cars closer to a commercial reality in China?

World’s top EV battery maker says aviation pack is ready for mass production after clearing a major safety test.

Rare earths

Despite global tensions, China’s rare earth producers have profitable first half

Rapid expansion of AI supply chain has given rare earth prices a strong upwards trajectory, analyst says.

Rare earths are loaded on to a ship at a port in Lianyungang, Jiangsu province. Photo: AFP
China stock market

How CXMT’s MSCI China index entry may lure fund inflows, cement its top ranking

Chipmaker’s inclusion in main global index system set to spur passive demand and spotlight China’s growing semiconductor clout: analysts.

CXMT, China’s biggest maker of DRAM chips, joined the MSCI China All Shares Index on Monday. Photo: dpa
CXMT, China’s biggest maker of DRAM chips, joined the MSCI China All Shares Index on Monday. Photo: dpa
Hong Kong property

Why McDonald’s assets stand out amid a weak Hong Kong retail property market

Restaurant chain’s disposal drive shows investors cherry-pick only top-tier assets amid city’s retail property slump, analysts say.

Electric & new energy vehicles

Demand for affordable EVs will force open US market to Chinese models: analysts

The pressure is likely to mount after consumers in the two neighbouring markets of Mexico and Canada adopt Chinese EVs.

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China technology

China races to develop brain-computer interfaces that can be inserted in minutes

The technology – which allows patients to control digital devices using their thoughts – can be implanted like a stent in just a few minutes.

Chinese start-ups are developing brain-computer interfaces that can be implanted via a vein in just 10 minutes. Photo: Shutterstock
China’s private sector

Global pharma giants turn to Chinese biotech to tap innovation, valuation growth

The foreign investments can help Chinese companies grow and compete on the global stage, according to Citic Securities.

Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
Banking & finance

Meet the next generation of Chinese stars making their mark in global finance

New finance talent brings analytical discipline and cross-cultural fluency across global asset management, crypto and quant trading.

Hong Kong property

Investor linked to Ningbo’s richest man buys Hong Kong luxury home for US$18.5m

Deal adds to signs of mainland Chinese wealth entering the city’s high-end residential market despite a slowdown in overall activity.

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China’s private sector

Sugar for the pill: US$8b fund boosts Hong Kong’s biotech hub ambitions

Hong Kong Investment Corporation is stepping up its efforts to position itself amid Beijing’s challenge to US pharmaceutical dominance.

Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC) Photo: Enoch Yiu
Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC) Photo: Enoch Yiu
Hong Kong property

Hang Lung Properties names former Starbucks China head Leo Tsoi as new CEO

Tsoi’s appointment marks Hang Lung’s first CEO change since Adriel Chan took over from his father Ronnie Chan as chairman in 2024.

Banking & finance

Hong Kong preferred base as Chinese SOEs consolidate overseas accounts

City’s attractions include international banking system, deep capital markets, offshore yuan pool and close links with mainland.

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Hong Kong stock market

Swire Pacific posts record first-half profit as investment surges to fresh high

The Hong Kong-based conglomerate saw its underlying profits soar by 48 per cent year on year in the first half of 2026.

Swire Pacific has reported record first-half profits. Photo: SCMP/Fung Chang
Hong Kong property

Swire earnings show Hong Kong’s prime business hubs outpacing others in recovery

First-half results highlight a widening gap between Central’s office recovery and weaker commercial districts.

The exterior of One Pacific Place in Admiralty. Photo: Nora Tam
The exterior of One Pacific Place in Admiralty. Photo: Nora Tam
Electric & new energy vehicles

How recharged SAIC and GM tie-up plans to catch up with top EV makers in China

Renewed partnership aims to roll out 30 EVs by 2030, pairing China’s supply chain muscle with GM’s global reach and loyal base.

Hong Kong property

The Peninsula Hong Kong and Tokyo set for HK$2.1 billion revamp

No timeline has been set, but the operator says it will minimise disruption while preserving the heritage of its iconic Hong Kong hotel.

Artificial intelligence

What triggered Goldman Sachs to lift its China AI revenue forecast by 30%

Bank forecasts a sharp revenue surge after Chinese AI models slash costs, boost capabilities and capture global token share.

Goldman Sachs boosted its year-end annualised recurring revenue projection for mainland Chinese AI models to US$13 billion from US$10 billion. Photo: Shutterstock
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