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Xiaomi unveiled the SkyNomad in July. Photo: AFP
Electric & new energy vehicles

Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump

The Chinese tech firm has seen its net profits decline for three consecutive quarters, as it rapidly ramps up AI-related R&D spending.

Banking & finance

Margins rise for China’s commercial banks, but will weak lending undo the gains?

Electric & new energy vehicles

Geely’s Li Shufu hands over reins to younger generation for ‘healthy’ growth

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Hong Kong

China’s pharma contractors rally on pushback to US supply chain pressure

Genscript posted adjusted net profit of US$62.52 million for the six months ended June 30, a 203 per cent year-on-year surge.

Greater collaboration between Chinese biotech firms and multinational giants is expected to support growth this year. Photo: Shutterstock
Greater collaboration between Chinese biotech firms and multinational giants is expected to support growth this year. Photo: Shutterstock
Semiconductors

Ingenic taps Hong Kong market to raise HK$3.2 billion for chip expansion

The semiconductor maker is set to raise a share offering in the city and begin trading later this month.

China property

In Focus | Bottom fishers? Foreign funds’ moves on China property give hope for rebound

International capital is circling China’s property sector, testing valuations and chasing returns after years of strain.

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Banking & finance

Hong Kong’s proposed tax incentives will lure corporate treasury hubs: PwC

The proposed law will offer a five-year pre-approval for large companies with at least HK$100 million in annual revenue and six subsidiaries.

Visitors walk inside Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: Sam Tsang
Visitors walk inside Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: Sam Tsang
Hong Kong property

Northern Metropolis: Hong Kong homebuyers flock to flats launch

More than half of the 82 units available at Park Silicon in Kwu Tung were sold, signalling a positive shift in the city’s property market.

Artificial intelligence

24 hours with Tencent’s WeChat AI agent: successes and stumbles

The new Xiaowei agent promises hands-free control across WeChat’s vast digital ecosystem. I set out to see whether it delivers.

China property

Rebound in China luxury home sales divorced from rest of market: analysts

Data from a real estate consultancy shows 38 per cent rise in sales of homes priced between 30 million and 50 million yuan in first half.

The luxury Huafutiandi development in Shanghai.Photo: CFOTO/Future Publishing via Getty Images
Hong Kong stock market

From chasing robots to chasing profits: the numbers moving markets

Unitree Robotics, US inflation rates, gold prices, Hong Kong homes and CK Hutchison’s interim results were in the spotlight this week.

Unitree’s G1 humanoid robots sit next to a child interacting with the company's GO2 robot at a Unitree store in Beijing on August 1, 2026. Photo: Reuters
Unitree’s G1 humanoid robots sit next to a child interacting with the company's GO2 robot at a Unitree store in Beijing on August 1, 2026. Photo: Reuters
IPO

Shein is eyeing a valuation rivalling H&M. Will the market buy it?

Ahead of its Hong Kong IPO, the e-commerce firm argues its supply chains and business model give it an edge over traditional rivals.

Banking & finance

Chinese banks test repo-linked corporate loans for more market-based pricing

Lenders are shifting loan benchmarks to short-term market rates, which analysts say heightens volatility and tests risk controls.

Hong Kong stock market

SF Reit reports 7.3% drop in distributable income for first half of 2026

Company’s logistics assets were 96.8 per cent occupied as of the end of June, with macroeconomic headwinds and lease expirations looming.

The SF Centre, SF Reit’s asset in Tsing Yi, Hong Kong. Photo: Handout
E-commerce

JD.com’s second-quarter profit rises 15% as food-delivery losses narrow

Net revenue dips, but still beats analysts’ estimate, as e-commerce giant contends with weak demand and fierce competition.

The results underscore the impact of JD.com’s expansion into food delivery, logistics and international operations over the past year. Photo: Xinhua
The results underscore the impact of JD.com’s expansion into food delivery, logistics and international operations over the past year. Photo: Xinhua
Semiconductors

Chinese chip foundries surge as AI boom drives triple-digit profit growth

SMIC, Hua Hong Grace results highlight how local foundries are aggressively running their plants at full capacity to meet domestic needs.

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Hong Kong property

CK Hutchison Holdings reports 31-fold surge in first-half profit

Global environment in the first half of 2026 was ‘exceptionally turbulent and uncertain’, says chairman Victor Li Tzar-kuoi.

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China’s C919 passenger plane

‘Very smooth’: what one traveller saw on C919’s milestone international flight

Comac jet’s flight to Mongolian capital on par with Boeing’s 737 and Airbus’ A320, says passenger who hopes to see more C919 destinations.

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China’s domestically developed C919 large passenger aircraft lands at Chinggis Khaan International Airport, Mongolia. Photo: Xinhua
China’s domestically developed C919 large passenger aircraft lands at Chinggis Khaan International Airport, Mongolia. Photo: Xinhua
Hong Kong property

Hong Kong developer Hysan’s first-half earnings rise 7.4% as project milestones near

Causeway Bay’s top landlord posts HK$1.11 billion in earnings as Lee Garden Eight project remains on schedule for completion this quarter.

China technology

The next tech race? China launches push to leapfrog US in ‘brain chip’ devices

China is throwing the power of the state behind efforts to overtake Elon Musk in a vital frontier technology: brain-computer interfaces.

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Banking & finance

Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen

The branch is set to focus on specialised cross-border financing for tech corporations targeting overseas expansion.

The Qianhai district in Shenzhen. Photo: Shutterstock
Insurance

HSBC reshuffles insurance division after CEO’s surprise departure: internal memo

Two Asia-based executives will replace outgoing global insurance CEO Edward Moncreiffe, who has resigned, according to a company document.

A view of the HSBC Building in Central, Hong Kong. Photo: Karma Lo
A view of the HSBC Building in Central, Hong Kong. Photo: Karma Lo
Banking & finance

Hong Kong stablecoin list expands with Standard Chartered-led firm’s launch

Anchorpoint Financial kicks off institutional use of its Hong Kong dollar-linked stablecoin, HKDAP.

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

A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.

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Electric vehicles made by Volkswagen are seen on a production line in China’s Anhui province earlier this year. Photo: Reuters
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