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Transport and logistics
The SF Centre, SF Reit’s asset in Tsing Yi, Hong Kong. Photo: Handout
Hong Kong stock market

SF Reit reports 7.3% drop in distributable income for first half of 2026

Company’s logistics assets were 96.8 per cent occupied as of the end of June, with macroeconomic headwinds and lease expirations looming.

E-commerce

JD.com’s second-quarter profit rises 15% as food-delivery losses narrow

Semiconductors

Chinese chip foundries surge as AI boom drives triple-digit profit growth

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Hong Kong property

CK Hutchison Holdings reports 31-fold surge in first-half profit

Global environment in the first half of 2026 was ‘exceptionally turbulent and uncertain’, says chairman Victor Li Tzar-kuoi.

A screenshot of CK Hutchison Holdings’ chairman Victor Li Tzar-kuoi from the 2025 CK Hutchison general meeting. Photo: Handout
A screenshot of CK Hutchison Holdings’ chairman Victor Li Tzar-kuoi from the 2025 CK Hutchison general meeting. Photo: Handout
China’s C919 passenger plane

‘Very smooth’: what one traveller saw on C919’s milestone international flight

Comac jet’s flight to Mongolian capital on par with Boeing’s 737 and Airbus’ A320, says passenger who hopes to see more C919 destinations.

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Hong Kong property

Hong Kong developer Hysan’s first-half earnings rise 7.4% as project milestones near

Causeway Bay’s top landlord posts HK$1.11 billion in earnings as Lee Garden Eight project remains on schedule for completion this quarter.

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China technology

The next tech race? China launches push to leapfrog US in ‘brain chip’ devices

China is throwing the power of the state behind efforts to overtake Elon Musk in a vital frontier technology: brain-computer interfaces.

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China is pushing to commercialise brain-computer interface technology. Photo: Shutterstock
China is pushing to commercialise brain-computer interface technology. Photo: Shutterstock
Banking & finance

Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen

The branch is set to focus on specialised cross-border financing for tech corporations targeting overseas expansion.

Insurance

HSBC reshuffles insurance division after CEO’s surprise departure: internal memo

Two Asia-based executives will replace outgoing global insurance CEO Edward Moncreiffe, who has resigned, according to a company document.

Banking & finance

Hong Kong stablecoin list expands with Standard Chartered-led firm’s launch

Anchorpoint Financial kicks off institutional use of its Hong Kong dollar-linked stablecoin, HKDAP.

Retail use of the regulated cryptocurrency is expected as early as the end of the year, according to Anchorpoint Financial. Photo: Shutterstock Images
Artificial intelligence

Chinese AI start-up ModelBest kicks off pre-IPO tutoring process on mainland

Company says it has hired Citic Securities to guide pre-listing preparation but has not announced further details of plans.

ModelBest’s logo . Photo: mrjjxw.com
ModelBest’s logo . Photo: mrjjxw.com
Electric & new energy vehicles

China’s EV sales keep sliding as incentives fade and price war seen heating up

A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.

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Hong Kong property

Wharf firms up balance sheet as Hong Kong sales cushion profit slump

‘Our first choice is investment in Hong Kong’s property sector’, while mainland China lacks ‘good opportunities’, chairman says.

Alibaba

Alibaba says it can build AI data centres in 100 days with modular design

With CUBE 5.0, Alibaba Cloud expects to more than double modular data centre delivery efficiency this year amid AI boom, report says.

Alibaba is stepping up its data centre push globally as part of its US$56.3 billion AI capital expenditure commitment set out last year. Photo: dpa
China consumption

Gap bucks retail headwinds with massive China expansion amid localisation drive

Gap’s plan for dozens of new stores and return to Hong Kong market comes as Ralph Lauren also posted a 40 per cent year-on-year jump in China sales in past quarter.

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A Gap location is seen in Shanghai. Photo: Shutterstock
A Gap location is seen in Shanghai. Photo: Shutterstock
IPO

Shein set for Hong Kong IPO next week, eyes US$35b valuation: sources

Singapore-based company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week.

Electric & new energy vehicles

Tesla faces uphill battle against Beijing’s new standards for self-driving cars

Data regulation is a key issue facing the US electric vehicle giant in China, according to experts.

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China consumption

Lululemon rival Alo Yoga enters China market with new store on Alibaba’s Tmall

The US brand announced its entry into China in June as part of its international expansion to tap the premium ‘athleisure’ market.

An Alo clothing store at a shopping mall in Houston, Texas. Photo: Shutterstock Images
An Alo clothing store at a shopping mall in Houston, Texas. Photo: Shutterstock Images
Electric & new energy vehicles

Can CATL’s milestone push flying cars closer to a commercial reality in China?

World’s top EV battery maker says aviation pack is ready for mass production after clearing a major safety test.

Rare earths

Despite global tensions, China’s rare earth producers have profitable first half

Rapid expansion of AI supply chain has given rare earth prices a strong upwards trajectory, analyst says.

China stock market

How CXMT’s MSCI China index entry may lure fund inflows, cement its top ranking

Chipmaker’s inclusion in main global index system set to spur passive demand and spotlight China’s growing semiconductor clout: analysts.

CXMT, China’s biggest maker of DRAM chips, joined the MSCI China All Shares Index on Monday. Photo: dpa
Hong Kong property

Why McDonald’s assets stand out amid a weak Hong Kong retail property market

Restaurant chain’s disposal drive shows investors cherry-pick only top-tier assets amid city’s retail property slump, analysts say.

A McDonald’s shop on Yee Wo Street in Causeway Bay, Hong Kong. Photo: Handout
A McDonald’s shop on Yee Wo Street in Causeway Bay, Hong Kong. Photo: Handout
Electric & new energy vehicles

Demand for affordable EVs will force open US market to Chinese models: analysts

The pressure is likely to mount after consumers in the two neighbouring markets of Mexico and Canada adopt Chinese EVs.

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China technology

China races to develop brain-computer interfaces that can be inserted in minutes

The technology – which allows patients to control digital devices using their thoughts – can be implanted like a stent in just a few minutes.

China’s private sector

Global pharma giants turn to Chinese biotech to tap innovation, valuation growth

The foreign investments can help Chinese companies grow and compete on the global stage, according to Citic Securities.

Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
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