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The Molly Tea logo that attracted Louis Vuitton’s ire. Photo: Weibo/Molly Tea
China consumption

Court orders Chinese tea chain to pay Louis Vuitton US$1.5m in trademark row

Shenzhen-based Molly Tea says it plans to appeal against the ruling.

Banking & finance

China’s Goldman Sachs dream: mainland banks ride Hong Kong’s IPO wave

China’s private sector

China AI drug-design deals swell as US scrutiny mounts

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Electric & new energy vehicles

New technologies power China’s Tesla challengers to monthly sales records

Bucking muted market sentiment, Leapmotor and Zeekr both set records for a second consecutive month.

A Leapmotor Lafa 5 Ultra on display at the Beijing Auto Show in April. Photo: AFP
A Leapmotor Lafa 5 Ultra on display at the Beijing Auto Show in April. Photo: AFP
Hong Kong stock market

China’s tax crackdown: A-share and Hong Kong-listed firms hit hard

Beijing’s anti-tax evasion campaign could expand, raising concerns that corporate earnings, cash flows and investor sentiment may be at risk.

Hong Kong property

Rare momentum: Hong Kong universities, schools boost commercial property market

Educational institutions pour more than US$1.4 billion into deals, helping steady the city’s commercial real estate sector.

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Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

People check out BYD electric cars in Yantai, Shandong province, in April last year. Photo:
People check out BYD electric cars in Yantai, Shandong province, in April last year. Photo:
Robotics

UBTech launches lifelike humanoid robots built for companionship in China

The unveiling of model U1, which has silicone skin and emotional AI, reflects tech firms’ drive to expand robotics beyond industrial use.

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Hong Kong property

Hong Kong developer switches to high gear with Mercedes giveaways for homebuyers

K&K Property woos wealthy buyers with luxury car sweeteners as the city’s high-end housing market rebounds.

China’s private sector

Race to the bottom? Why retailers bet on their own brands in China

Analysts forecast in-house goods to rise sharply as Chinese retailers seek loyalty and offset lost supplier-funded fees.

Chinese retailers are increasingly relying on higher merchandise margins generated by their own brands, according to a report. Photo: Sam Tsang
Banking & finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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Hungary’s biggest lender, OTP Bank, has given a vote of confidence to Hong Kong as European banks seek alternative options amid geopolitical tension, rising financing costs and increasingly unstable global energy supplies. Photo: Handout
Hungary’s biggest lender, OTP Bank, has given a vote of confidence to Hong Kong as European banks seek alternative options amid geopolitical tension, rising financing costs and increasingly unstable global energy supplies. Photo: Handout
Electric & new energy vehicles

Price war fallout: China imposes 60-day payment cap for energy storage sector

China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain.

Electric & new energy vehicles

Chinese EV makers gain traction in South Korea’s import car market

While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says.

China’s private sector

Hong Kong draws royalties giant as mainland China biotech licensing heats up

Royalty financing offers new cash source as global investors pursue Chinese drug breakthroughs despite US pressure, Royalty Pharma says.

Royalty Pharma is scouting the Asia-Pacific region for innovative biotechnology start-ups with late-stage pharmaceutical pipelines. Photo: Shutterstock
Hong Kong

Will Fosun’s luxury project revive Hong Kong’s Movietown magic?

Fosun Group begins HK$10 billion transformation of legendary studio, signalling confidence in Hong Kong’s property recovery.

Fosun International chairman Guo Guangchang speaks Monday at the groundbreaking ceremony of a HK$10 billion residential project at the site of the Shaw Brothers studio in Clear Water Bay. Photo: Fosun
Fosun International chairman Guo Guangchang speaks Monday at the groundbreaking ceremony of a HK$10 billion residential project at the site of the Shaw Brothers studio in Clear Water Bay. Photo: Fosun
IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

China’s private sector

China’s first AI-powered cancer vaccine production line set to launch in Beijing

Likang Life Sciences says it has developed a personalised vaccine using advanced tech to identify tumour-specific mutations.

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China property

Will China’s new tech bases in Hebei and Tianjin revive local housing demand?

The new headquarters may boost rentals, but local home sales growth is likely to be far milder than surges in previous years, analysts say.

Pinduoduo has recently signed an agreement to set up a base at an e-commerce industrial park in the Xiongan New Area in Hebei province. Photo: Xinhua
Pinduoduo has recently signed an agreement to set up a base at an e-commerce industrial park in the Xiongan New Area in Hebei province. Photo: Xinhua
Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

Electric & new energy vehicles

China’s heavy trucks are going electric, and abroad, paving the road to net-zero freight

Analysts say low ownership costs and battery gains are fuelling an export boom to regions such as Southeast Asia and Africa, positioning Chinese firms as main engines.

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China consumption

Will K-pop give South Korean retailers an edge in China market?

Even though China’s convenience store market is crowded with Chinese rivals and foreign peers like 7-Eleven, it remains far from saturated.

A man walks past a Taobao and Tmall display at the Alibaba office in Beijing. Photo: AFP
HKEX

Hong Kong vows stronger exchange with reforms, bond futures and gold push

Listing changes and new product launches are set to bolster Hong Kong’s role as a global financial hub, deputy finance chief says.

HKEX chairman Carlson Tong and Deputy Financial Secretary Michael Wong strike the gong to mark the bourse operator’s 26th anniversary. Photo: May Tse
HKEX chairman Carlson Tong and Deputy Financial Secretary Michael Wong strike the gong to mark the bourse operator’s 26th anniversary. Photo: May Tse
Retailing

Xtep opens first Saucony store in Hong Kong, eyes more premium retail sites

Chinese sportswear group positions premium running brand in Hong Kong as improving market sentiment draws retailers back to prime sites.

Electric & new energy vehicles

Banking on it: Chinese EVs expand their global footprint

With a boost in global exports offsetting domestic dips, banks forecast significant growth in overseas markets – especially western Europe.

Hong Kong property

Penthouse in Hong Kong’s Mid-Levels sells for US$48.5m, sets pricing benchmark

The record per square foot pricing for new homes this year highlights the growing momentum in the city’s luxury property market.

CK Asset has now sold four mansions at 21 Borrett Road for a combined HK$1.05 billion. Photo: May Tse
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