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Smartphones
Xiaomi’s 17 Ultra, backed by Leica, challenges Apple’s iPhone Pro Max in imaging
The 17 Ultra’s US$998 starting price is nearly 8 per cent higher than the previous generation owing to the soaring cost of memory chips.
3 hours ago
Mergers & Acquisitions
Mercedes-Benz buys US$191 million stake in Chinese autonomous driving developer
6 hours ago
Electric & new energy vehicles
CATL poised to bring Yichun lithium output back online after licence lapse
25 Dec 2025 - 4:04PM
Electric & new energy vehicles
Chinese SUV maker Jetour pushes localised offerings to hasten go-global drive
Jetour is already present in more than 100 countries and regions after seven years in operation.
25 Dec 2025 - 3:00PM
Jetour International president Ke Chuandeng speaks at a fan gathering in Abu Dhabi on December 20,2025. Photo: Handout
Artificial intelligence
AI-for-Science start-up DP Technology raises US$114 million in Series C round
The Beijing-based AI-for-Science firm said the Series C round would fund hiring and R&D, as interest grows in using AI to speed up scientific discovery.
24 Dec 2025 - 9:24PM
Artificial intelligence
ByteDance, other major Chinese tech firms lead local consumer AI market: report
ByteDance-owned Doubao remains the country’s top consumer AI app, as DeepSeek’s namesake chatbot takes the No 2 spot.
24 Dec 2025 - 8:31PM
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China property
China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million
Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.
24 Dec 2025 - 5:11PM
Ritz-Carlton Sanya Yalong Bay has demonstrated mature and stable operations with favourable profitability and cash flow, says China Jinmao. Photo: Keith Chan
China stock market
China’s Deep Robotics joins IPO rush as embodied intelligence sector heats up
The Hangzhou robot maker has entered the IPO ‘guidance’ phase, becoming the latest embodied intelligence start-up to eye an A-share listing.
24 Dec 2025 - 4:09PM
Energy
Shenhua absorbs coal assets as it looks to the future in a decarbonising China
The deal to acquire US$18.9 billion of assets is meant to reduce excessive competition and enhance efficiency among state-owned enterprises.
24 Dec 2025 - 2:00PM
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Retailing
‘C-beauty’ cosmetics brands find retail expansion outside China a slow slog
‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.
24 Dec 2025 - 11:30AM
Robotics
China’s AgiBot aims for US$142 million revenue as humanoid robots gain momentum
Fast-growing robotics start-up expects to ship out 5,000 units in 2025 amid Beijing backing of the embodied intelligence industry.
24 Dec 2025 - 7:00AM
A customer communicates with an AgiBot humanoid robot at a car dealership in Shanghai. Photo: Reuters
Swire Group
Swire Pacific’s Guy Bradley to lead Hong Kong’s Cathay Pacific, Swire Coca-Cola
Bradley succeeds Patrick Healy, who will retire from the Swire Group in May next year after over three decades of service.
23 Dec 2025 - 10:19PM
Electric & new energy vehicles
Luxury EV built with Huawei tops Porsche’s Panamera and BMW’s 7 Series in China
Chinese carmakers gain confidence in the premium segment as Maextro S800 – developed by Huawei and JAC Group – tops sales above US$100,000.
23 Dec 2025 - 8:45PM
7
Xiaomi
China’s Xiaomi rejects claims of military ties after appeal by US lawmakers
Smartphone-to-vehicle giant says it ‘has always been and continues to be a consumer product company’.
23 Dec 2025 - 7:29PM
10
Cybersecurity
China’s Kuaishou hit by breach as explicit content floods live-streaming rooms
Short-video platform’s services are thrown into chaos on Monday night after the cyberattack it blames on ‘black and grey industries’.
24 Dec 2025 - 8:38AM
Explicit content flooded Kuaishou’s high-traffic live rooms for more than an hour on Monday night, reports say. Photo: Shutterstock
Semiconductors
Nvidia aims to start H200 AI chip shipments to China by mid-February: sources
The US chip designer plans to fulfil initial orders from existing stock, with shipments expected to total 40,000 to 80,000 H200 chips.
23 Dec 2025 - 4:33PM
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Hong Kong property
Hong Kong luxury flat sells for US$28.9 million in latest high-end property deal
The Mont Verra flat has four rooms with a total saleable area of 4,332 sq ft, translating to a price of HK$51,939 per square foot.
23 Dec 2025 - 4:30PM
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Banking & finance
Billionaire detained in shadow banking scandal in China
Police in Zhejiang have imposed ‘criminal compulsory measures’ against Yu Faxiang and are conducting a probe into his alleged wrongdoings.
24 Dec 2025 - 12:06PM
A 12-metre-tall sculpture of Ultraman Zero stands at an Ultraman-themed venue inside Shanghai Haichang Ocean Park in Shanghai in July 2022. Photo: Getty Images
Banking & finance
HKIC ends year on high note but Hong Kong cost of living a drawback for talent
Government-backed fund strengthens VC ecosystem and fosters collaboration, but the city’s high cost of living remains a challenge.
23 Dec 2025 - 10:30AM
Banking & finance
Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG
Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.
23 Dec 2025 - 9:30AM
China property
China Vanke wins bondholders’ reprieve, averts default for now
Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.
23 Dec 2025 - 9:28AM
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TikTok
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TikTok owner ByteDance’s valuation hits US$500 billion as US plan advances
Figure marks a record for China’s tech giant, which will divest its US entity into a joint venture that includes Oracle and Silver Lake.
22 Dec 2025 - 9:00PM
Investors are happy as ByteDance can continue to reap earnings from TikTok in the US, according to a source. Photo: Reuters
IPO
Charles Li halts Hong Kong IPO plan for Micro Connect fund under HKEX Chapter 21
Former HKEX chief shifts to private fund model after regime fails to see a successful listing in a decade, raising call for a review.
22 Dec 2025 - 6:51PM
E-commerce
China bans e-commerce platforms from forcing lowest prices or abusing algorithms
Beijing moves to protect consumers and merchants, with new 29-article regulation tightening oversight of the fast-growing digital economy.
22 Dec 2025 - 6:00PM
Art
Big 3 auction houses report uptick in 2025 sales, but Asia still lagging
Sotheby’s, Christie’s and Phillips report combined projected total revenue of US$14.1 billion for 2025 as the US leads the way.
22 Dec 2025 - 5:24PM
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