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New electric vehicles are set to be loaded at Shanghai Port on May 9. Photo: AFP
Electric & new energy vehicles

Global growth of pure EVs faces hurdles in insurance, charging gaps: BNP Paribas

Charging limits and rising insurance costs could slow the global march of pure electric vehicles, BNP Paribas tells Hong Kong conference.

Accounting and auditing

Evergrande liquidators seek US$8.4 billion from PwC units in Hong Kong lawsuit

Artificial intelligence

China ramps up building national computing power network as AI token use surges

Accounting and auditing

Hong Kong court to hear Evergrande liquidators’ lawsuit against PwC on Monday

PwC faces fresh legal battle after SFC ordered HK$1 billion payout to Evergrande minority shareholders and AFRC imposed HK$300 million fine.

The one-day hearing against PwC is open to the public. Photo: Andy Wong
The one-day hearing against PwC is open to the public. Photo: Andy Wong
Business of climate change

Solar glass: Australia-China joint venture to set up in Hong Kong

With help from InvestHK, ClearVue and mainland partner choose city as base for effort to make power-producing glass for building facades.

Hong Kong property

Fresh concepts lift Hong Kong retail property as tourists and consumers return

Landlords betting on a diversified tenant mix – from pop-ups to ‘sportainment’ – to sustain growth in retail property market, analysts say.

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Hong Kong property

Buyers flock to SHKP project in New Territories as home market outlook brightens

SHKP generated more than HK$1 billion after the sale of the 154 flats at Lime Spark last week.

Buyers flocked to the SHKP sales office on Saturday for flats at the Lime Spark project in Tsuen Wan. Photo: Handout
Buyers flocked to the SHKP sales office on Saturday for flats at the Lime Spark project in Tsuen Wan. Photo: Handout
Electric & new energy vehicles

Peugeot, Jeep take on Chinese rivals with new models using local EV tech

Peugeot and Jeep are following in the footsteps of Hyundai Motor’s Ioniq to regain lost ground in mainland China.

Hong Kong property

6 bids for Hong Kong land sale signal renewed confidence despite market caution

Tung Chung site draws bids from major developers SHKP, Kerry and Sino Land, reflecting cautious optimism for the residential property market.

Electric & new energy vehicles

Chinese EV makers hunt for idled plants in Europe as they expand global influence

BYD, the world’s largest electric car maker, says it is in talks with Stellantis about using European marques’ idled assembly facilities.

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A BYD Sealion 7 on display at the Baltic Motor Show in Riga, Latvia, on April 24. Photo: EPA
China travel

China’s hotel sector shines, poised to outperform through 2026 on strong demand

International hotel chains ride China’s travel rebound, posting gains as domestic demand and inbound flows strengthen.

Waldorf Astoria Shanghai Qiantan by Hilton. Photo: Handout
Waldorf Astoria Shanghai Qiantan by Hilton. Photo: Handout
Electric & new energy vehicles

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

Collaboration with Chinese suppliers ‘the only way international carmakers can compete with Chinese carmakers’, Morgan Stanley analyst says.

Hong Kong property

Chow Tai Fook turns from tenant to owner with Hong Kong school property deal

Cheng family entities acquire DSC International School site, with the purchase a bet on demand for international schools in city: analysts.

Hong Kong stock market

Cheng family’s NWD slumps after admitting 11 Skies, new investor plans stalled

The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet.

New World Development’s huge 11 Skies project has yet to fully open. Photo: SCMP
Electric & new energy vehicles

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts.

Geely vehicles are on display at Auto France in Paris on April 28. Photo: Reuters
Geely vehicles are on display at Auto France in Paris on April 28. Photo: Reuters
Alibaba

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

Tencent

AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth

CEO Pony Ma told shareholders there was the beginning of a turnaround, but that the company was ‘not yet seated’.

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Alibaba

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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A man walks past an Alibaba display featuring the Olympic rings outside an Alibaba office building in Shenzhen, Guangdong province, on Tuesday. Photo: Getty Images
A man walks past an Alibaba display featuring the Olympic rings outside an Alibaba office building in Shenzhen, Guangdong province, on Tuesday. Photo: Getty Images
Electric & new energy vehicles

Tesla lures budget-conscious Chinese buyers ahead of state visit by Trump

US President Donald Trump’s entourage for his three-day trip to China includes Tesla CEO Elon Musk and Tim Cook of Apple.

Hong Kong property

Hong Kong’s first biodiversity loan goes to Henderson Land for Central Yards

Loan from HSBC and Hang Seng Bank, reportedly worth US$12.8 million, enhances city’s stature in sustainable finance, parties say.

Artificial intelligence

How ByteDance plans to turn OpenClaw craze into a profitable AI business

ArkClaw’s subscription model and surging token demand mark ByteDance’s new approach to agent economics.

The logo of OpenClaw, an open-source AI assistant. Photo: Reuters
Banking & finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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METiS TechBio debuts on Hong Kong stock market and raises HK$2.11 billion (US$269.5 million) from the sale of 201.23 million shares at HK$10.50 each. Photo: Jelly Tse
METiS TechBio debuts on Hong Kong stock market and raises HK$2.11 billion (US$269.5 million) from the sale of 201.23 million shares at HK$10.50 each. Photo: Jelly Tse
Mainland China

Pop Mart’s quarterly revenue surges but tepid fan growth overseas dims outlook

In the first three months, revenue in China alone surged 100 to 105 per cent, while growth was 25 to 30 per cent in Asia-Pacific.

China’s private sector

China’s Hengrui seals US$15.2 billion deal with US pharmaceutical giant BMS

Company’s shares jump in Hong Kong and Shenzhen after tie-up that bolsters China’s growing drug innovation profile.

Semiconductors

SMIC founder warns against ‘blind pursuit’ of cutting-edge nodes

Richard Chang’s rare public remarks highlight importance of mature chips to China’s supply chain security.

An industry veteran has stressed the value of investing in mature nodes and specialty processes, which account for more than 80 per cent of global semiconductor demand. Photo: AFP
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