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Transport and logistics
Electric & new energy vehicles
Xpeng CEO says flying car market will be bigger than EVs over next two decades
CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.
6 hours ago
Electric & new energy vehicles
Self navigating to the top: why China leads the global autonomous-driving race
29 Mar 2025 - 12:00PM
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Electric & new energy vehicles
Chinese EV industry pressed to accelerate global expansion amid tariffs
28 Mar 2025 - 8:00PM
Banking & finance
Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin
All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.
28 Mar 2025 - 6:32PM
A branch of the Industrial and Commercial Bank of China (ICBC) in Beijing on April 1, 2019. Photo: Reuters
Banking & finance
Venture-capital club expands to Hong Kong, plans US$250m fund
London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech.
28 Mar 2025 - 6:44PM
US-China relations
Trump, some Republicans differ on TikTok ahead of sell-or-ban deadline
‘If ByteDance stays involved in any way, the deal is illegal – plain and simple,’ said one senior Republican lawmaker.
28 Mar 2025 - 5:52AM
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Banking & finance
Cathie Wood sees AI driving US$10 trillion global robotaxi revolution
The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.
27 Mar 2025 - 6:37PM
Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
SenseTime
SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts
The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss.
27 Mar 2025 - 4:47PM
Robotics
Unitree Robotics profitable since 2020, eyes expansion amid high demand
The Hangzhou start-up known for its robot dogs told local media it had no immediate plans for additional fundraising.
28 Mar 2025 - 10:16AM
Artificial intelligence
Microsoft abandons data centre projects, sparking oversupply fears
Microsoft’s retrenchment in the last six months included lease cancellations and deferrals, analysts at investment bank TD Cowen said.
27 Mar 2025 - 10:09AM
Alibaba
Alibaba, Ant partner with home province to boost China’s AI drive
The two tech giants have become key partners in empowering government agencies with AI capabilities.
26 Mar 2025 - 6:30PM
Representatives from Alibaba and Ant Group attend a signing ceremony in Hangzhou with Zhejiang’s governor and deputy governor. Photo: Handout
Tencent
Tencent adds AI chatbot friend to WeChat to keep users glued to app
WeChat users can now add Yuanbao as a ‘friend’ and interact with the chatbot without downloading a separate app.
26 Mar 2025 - 5:15PM
Banking & finance
Hong Kong’s MTR Corp raises US$3 billion from its largest public bond sale
The deal comes amid a buoyant Asian bond market as risk sentiment remains steady ahead of further US trade tariffs, according to analysts.
26 Mar 2025 - 4:28PM
CATL
CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion
CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.
26 Mar 2025 - 5:50PM
US-listed Chinese stocks
Chinese tea chain Chagee reveals revenue surge in US IPO filing
Net revenue nearly tripled to US$1.71 billion in 2024, company says as it prepares for Nasdaq listing.
26 Mar 2025 - 11:11AM
A Chagee store in Beijing, pictured on October 1, 2023. Photo: Shutterstock
Hong Kong stock market
Hong Kong stocks rise, led by Chinese EV makers and tech firms
Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.
26 Mar 2025 - 4:45PM
Artificial intelligence
ChatGPT can now create charts for work and edit photos better
The new capabilities are available to both free and paid users via OpenAI’s GPT-4o model.
26 Mar 2025 - 9:49AM
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Electric & new energy vehicles
BYD out-earns Tesla after out-making, out-selling Model 3 producer
Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.
26 Mar 2025 - 12:19PM
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The BYD logo is displayed at the Beijing Auto Show in April 2024. Photo: AFP
DeepSeek
DeepSeek wows coders with more powerful open-source V3 model
The new version and DeepSeek V3 are both foundation models trained on vast data sets that can be applied in different use cases.
25 Mar 2025 - 6:00PM
Banking & finance
Alibaba’s Tsai says some AI bets like excess data centres are speculative
‘People are talking literally about US$500 billion, several US$100 billion [projects]. I don’t think that is entirely necessary,’ Tsai says.
25 Mar 2025 - 5:11PM
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Electric & new energy vehicles
Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion
The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.
25 Mar 2025 - 8:13PM
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Semiconductors
US start-up PsiQuantum raising US$750 million in quantum computing race
Start-ups and major tech firms are chasing quantum computing, with Google, Microsoft and Amazon having unveiled new quantum chips.
25 Mar 2025 - 11:15AM
PsiQuantum, a US start-up, is raising at least US$750 million in a funding round led by BlackRock. Photo: Shutterstock
Auctions
23andMe’s bankruptcy puts 15 million users’ DNA data on auction block
23andMe has proposed an auction in May for the sale of its assets, which include the genetic data of more than 15 million customers.
25 Mar 2025 - 10:13AM
Banking & finance
Exclusive
|
Hong Kong must capitalise on DeepSeek to lure global, Chinese funds: HSBC
Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.
25 Mar 2025 - 1:39PM
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Banking & finance
China to attract more private equity from Middle East and US: Bain & Co
Asia-Pacific deal value rose 11 per cent to US$176 billion in 2024, according to Bain & Company.
25 Mar 2025 - 8:03AM
HIGHLIGHTS FROM
China Future Tech
Tech War
‘Coming out’: Huawei-related chip tool maker makes splash at Semicon China
26 Mar 2025 - 8:17PM
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China EVs
Self navigating to the top: why China leads the global autonomous-driving race
29 Mar 2025 - 12:00PM
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China Economy
Home-grown CJ-1000 engine to soon be tested on China’s C919 passenger jet
29 Mar 2025 - 10:00AM
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Tech Trends
Google’s Android transparency shift unnerves Chinese developers
28 Mar 2025 - 8:03PM
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China EVs
Chinese EV industry pressed to accelerate global expansion amid tariffs
28 Mar 2025 - 8:00PM
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