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Transport and logistics
Hong Kong stock market
China’s fiery criticism of Panama port deal puts pressure on Li Ka-shing family
The US$23 billion sale is not final, but needs no Chinese or Hong Kong approval, leaving CK Hutchison to decide whether to proceed, analysts say.
14 Mar 2025 - 8:00PM
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Banking & finance
Towngas unit’s 2024 profit gains as renewable energy bets pay off
14 Mar 2025 - 7:31PM
Banking & finance
China’s F&B sector faces challenges amid slowing consumer spending
14 Mar 2025 - 5:30PM
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Electric & new energy vehicles
Tesla plans cheaper model to put brakes on China sales slide
The US company’s share of the world’s largest EV market has dropped to 4.3 per cent from more than 16 per cent in 2022.
14 Mar 2025 - 4:31PM
People check out a Tesla electric car at the companys delivery centre in Beijing on February 27, 2025. Photo: AFP
Foxconn
Foxconn’s profits drop as iPhone sales falter, but AI boom offers hope
The Taiwanese company reported a 13 per cent fall in net income, worse than analysts’ estimates for a 2 per cent gain.
14 Mar 2025 - 3:48PM
Apple
Apple’s AirPods to get Star Trek-like upgrade with live translation
The capability will be offered as part of an AirPods software upgrade due later this year, sources say.
14 Mar 2025 - 12:00PM
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Artificial intelligence
OpenAI asks US for relief from AI rules to compete with Chinese firms
The ChatGPT maker says the AI race is ‘effectively over’ if China’s developers have unfettered access to data while US companies do not.
14 Mar 2025 - 10:47AM
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OpenAI CEO Sam Altman. Photo: Reuters
Fashion
Profile
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Donatella Versace, out at namesake fashion label, overcame many obstacles
Versace, 69, took over her brother’s label after his 1997 murder. Carrying on his legacy has been ’the greatest honour of my life’, she says.
14 Mar 2025 - 10:34AM
Tencent
Tencent chases Chinese tourists in Singapore with Sentosa deal
As Chinese travellers return to Southeast Asia, Weixin Pay has struck a partnership with Singapore’s top resort island.
14 Mar 2025 - 7:00AM
Hong Kong property
Wharf swings to 2024 loss as write-downs add to glut, sales slump
The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.
14 Mar 2025 - 5:27PM
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Robotics
UBTech debuts US$41,000 humanoid as robot frenzy grips China
Standing at 1.7 metres, the Tien Kung Xingzhe can walk 10km per hour and navigate various terrains, including sand and snow.
13 Mar 2025 - 5:14PM
UBTech Robotics has launched a life-size research-purpose humanoid robot, Tien Kung Xingzhe. Photo: Handout
Electric & new energy vehicles
China battery giant CATL would build US plant if Trump allows it, chairman says
Trump wants to block Chinese EV, battery imports but open to US plants with American workers.
13 Mar 2025 - 2:57PM
Business of climate change
CATL – world’s biggest EV battery maker – launches Hong Kong R&D centre
CATL’s move is a boon to Hong Kong’s ambition to become a global hub for innovation.
13 Mar 2025 - 2:53PM
IPO
Apple supplier Lens Technology joins Chinese firms planning Hong Kong IPOs
Avatr Technology, Shenzhen-listed Changan Automobile’s EV company, is also reportedly considering a US$1 billion Hong Kong listing.
13 Mar 2025 - 1:32PM
Semiconductors
Intel names Malaysian-born chip industry veteran Tan Lip Bu as CEO
Intel is undergoing one of its bleakest periods, as it struggles to cash in on a boom in advanced AI chips that has benefited rival Nvidia.
13 Mar 2025 - 11:34AM
Intel has appointed chip industry veteran Lip-Bu Tan as CEO, effective March 18. Photo: Handout
Electric & new energy vehicles
Tesla pins hope on refreshed Model Y to revive faltering sales in China
Orders for the revamped model, which starts from US$36,292 have crossed 200,000 units, according to Chinese tech site 36kr.
13 Mar 2025 - 1:06PM
Artificial intelligence
Former ByteDance executive takes helm at Chinese video AI start-up
Luo Yihang’s transition from ByteDance’s Volcano Engine to Shengshu represents a significant hire by a leading Chinese AI video start-up.
12 Mar 2025 - 7:00PM
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Electric & new energy vehicles
Exclusive
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Hesai eyes Europe’s smart EVs for lidar sales after Mercedes-Benz deal
Hesai’s 2025 profit may jump to between 200 million yuan and 350 million yuan, from 14 million yuan last year, said its chief financial officer Andrew Fan.
13 Mar 2025 - 6:38PM
Hesai’s lidar. Photo: Handout
Alibaba
Alibaba’s Joe Tsai: Xi’s entrepreneur meeting boosts business confidence
Beijing’s positive signal has solidified the tech giant’s commitment to investing in AI, Alibaba chairman Joe Tsai says.
12 Mar 2025 - 5:00PM
Electric & new energy vehicles
1.2 million EVs were sold worldwide last month, mostly in China
About three-quarters of the 1.2 million EVs and hybrids sold worldwide in February were delivered in China, according to Rho Motion.
12 Mar 2025 - 5:17PM
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Semiconductors
TSMC pitches Nvidia, others about joint venture to run Intel foundry
US President Donald Trump is keen to revive Intel’s fortunes, as he seeks to boost American advanced manufacturing, sources say.
12 Mar 2025 - 1:15PM
Artificial intelligence
Meta tests first in-house AI training chip, to be produced by TSMC
The Facebook owner is currently one of Nvidia’s biggest customers, amassing an arsenal of GPUs to train AI models.
12 Mar 2025 - 10:51AM
Facebook owner Meta Platforms is testing an in-house AI training chip, sources say. Photo: Reuters
China property
China’s push for home quality risks further developer stress: analysts
Beijing’s directives make sense as a greater portion of future housing demand will come from owners looking to upgrade, Fitch Ratings says.
12 Mar 2025 - 7:30AM
Mergers & Acquisitions
UK utility Thames Water eyes Hong Kong’s CK Infrastructure as potential buyer
Thames Water wants CK Infrastructure as a potential buyer if court appeal fails, aiming to minimise nationalisation time and financial risks.
11 Mar 2025 - 7:13PM
Hong Kong property
Some Hong Kong banks refuse home loans for Vanke’s Le Mont project in Tai Po
Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.
12 Mar 2025 - 11:39AM
HIGHLIGHTS FROM
China Future Tech
Tech Trends
China manufacturing, AI pose an ‘existential threat’ to US in robotics sector
13 Mar 2025 - 11:41PM
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China Economy
Vietnam boosts China’s aviation ambitions with C909 deal move
14 Mar 2025 - 8:00PM
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Tech Trends
Venture capital funds flock to China’s Zhejiang province amid hi-tech push
14 Mar 2025 - 7:05PM
Tech War
Nvidia challenger Biren secures fresh funding from state-backed investor
14 Mar 2025 - 6:30PM
China Business
Tesla plans cheaper model to put brakes on China sales slide
14 Mar 2025 - 4:31PM
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