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An employee works on the production line at FoxESS, a global leader in the development of inverter and energy storage solutions. Photo: Getty Images
Electric & new energy vehicles

China amps up battery buildout to ‘10 times US 2025 capacity’

China’s battery expansion plans highlight a widening gap with the US, as renewable energy demand fuels rapid growth in storage systems.

Artificial intelligence

Alibaba cloud growth forecast to climb with AI push, higher charges: analysts

Banking & finance

Mainland China and Hong Kong IPOs drive Citic to the top of banking fee rankings

CATL

CATL expands green energy footprint with 45% stake in Hangzhou Zhonhen Electric

As part of the deal, CATL will be entitled to appoint one board director and one general manager of the listed company.

A CATL display is seen at the Beijing International Automotive Exhibition, April 30, 2024. Photo: Shutterstock Images
A CATL display is seen at the Beijing International Automotive Exhibition, April 30, 2024. Photo: Shutterstock Images
Banking & finance

Yiwu market owner eyes Hong Kong IPO to support overseas expansion

Hong Kong listing plan comes after the company reported net profit of 4.2 billion yuan for 2025, up 36.8 per cent from a year earlier.

IPO

Hangzhou ‘Six Little Dragons’ member Manycore seeks US$130m from Hong Kong IPO

The spatial design software developer is selling 161 million shares priced between HK$6.72 and HK$7.62 each, with listing set for April 17.

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Electric & new energy vehicles

Volkswagen tests China’s appetite for locally developed EVs

The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners.

Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Banking & finance

Everest’s US$250 million buy signals rising global appetite for China biotech

Sovereign wealth funds from Singapore and Abu Dhabi join Chinese state capital as cross-border biotech licensing reaches record highs.

Artificial intelligence

AI fuels global trade growth as China-US flows shift, McKinsey finds

Data-centre expansion and AI investment push global trade ahead of economic growth, consultancy says.

Artificial intelligence

China’s Zhipu AI open-sources GLM-5.1, raises prices to trim gap with US rivals

The company’s second price increase this year signals a push to monetise advanced AI models while keeping costs below US peers.

The move marks Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates by more than 30 per cent. Photo: Shutterstock
Artificial intelligence

China’s DeepSeek adds expert chatbot mode ahead of much-awaited V4 release

The Hangzhou start-up’s latest chatbot update sparks speculation over whether the expert mode is linked to the long-delayed V4 model.

The changes come ahead of the much-anticipated release of DeepSeek’s next-generation flagship model V4 this month. Photo: Reuters
The changes come ahead of the much-anticipated release of DeepSeek’s next-generation flagship model V4 this month. Photo: Reuters
Electric & new energy vehicles

Chinese carmakers bet on solid-state batteries to drive next EV phase

Carmakers push next-generation battery tech as they chase longer range and improved safety, despite high costs.

IPO

China’s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO

The Shanghai-based energy storage systems provider is selling 13.57 million shares at HK$324.20 each.

Biomedicine: Companies

Global drug makers face pricing pressure as China targets affordable healthcare

As pharmaceutical firms navigate China’s aggressive pricing reforms, their profits could be squeezed further this year.

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A pharmaceutical production line in Meishan, China. Photo: Costfoto/NurPhoto via Getty Images
Art

Sold-out auctions suggest Hong Kong’s art market is back. But is it?

‘White glove’ sales at Christie’s and Sotheby’s March Hong Kong auctions are cause for optimism, but must be put into perspective.

Gerhard Richter’s Abstraktes Bild is on its way to being sold for HK$92.1 million at Christie’s 20th/21st Century art evening sale in Hong Kong on March 27, 2026. Photo: Christie’s
Gerhard Richter’s Abstraktes Bild is on its way to being sold for HK$92.1 million at Christie’s 20th/21st Century art evening sale in Hong Kong on March 27, 2026. Photo: Christie’s
Hong Kong property

Brisk flat sales at Hong Kong project as buyers unfazed by potential rate hikes

Flats at La Mirabelle in Tseung Kwan O range from 360 sq ft to 558 sq ft and with layouts of one to two bedrooms.

Banking & finance

Stricter Chinese scrutiny of offshore vehicles a blow for tech IPO candidates

Mainland’s stock market watchdog is discouraging establishment of ‘red-chip-structured’ companies in sensitive industries.

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Hong Kong property

Hong Kong developers test homebuyers with price increases after sell-outs

‘This is a classic recovery-phase strategy: testing price elasticity without undermining the building momentum,’ an analyst says.

The Chester has 241 flats with layouts from one to four bedrooms. Photo: Handout
The Chester has 241 flats with layouts from one to four bedrooms. Photo: Handout
Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

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Hong Kong property

Return of overseas hires meets tighter supply, driving up Hong Kong luxury rents

Repulse Bay is at the centre of a rebound, with leasing activity surging and high-end homes drawing multiple rental offers.

Artificial intelligence

China’s rigid corporate culture slows AI adoption, ex-OpenAI executive says

China’s tech-savvy consumers embrace AI, but rigid corporate hierarchies hold back enterprises, Zack Kass says.

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China has a very “techno-centric consumer”, while the US has a very “techno-centric enterprise”, according to a former OpenAI executive. Photo: Shutterstock
Artificial intelligence

Tencent expands OpenClaw suite with enterprise tool amid China’s ‘lobster’ craze

ClawPro tool promises quick AI agent deployment, giving enterprises control over models, tokens and security.

Chinese tech firms are rushing to offer China users easy or inexpensive access to OpenClaw after it went viral. Photo: Getty Images
Chinese tech firms are rushing to offer China users easy or inexpensive access to OpenClaw after it went viral. Photo: Getty Images
Banking & finance

Manulife, HSBC, Barclays lead big finance firms’ AI adoption in Hong Kong

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget speech to promote AI applications in the banking sector.

Electric & new energy vehicles

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

Pop Mart has stepped up efforts to support its share price through buy-backs. Photo: Getty Images
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