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Business

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China Future Tech
The micro drama My Sweet Home has become a viral sensation in China, attracting over 1 billion views in just a few days. Photo: Weibo

China Economy

China’s hottest new show is a Sichuan-dialect micro drama set in the 1980s

My Sweet Home has achieved phenomenal success by moving beyond the trashy tropes of China’s booming micro drama industry.

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AI reasoning rivals: Tencent touts new model’s performance over DeepSeek-R1

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It’s a family affair: inside Hong Kong’s quest to lure world’s wealthiest clans

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Tech Trends

Exclusive | Why Lee Kai-fu is betting his AI start-up’s future on DeepSeek

In an interview with the Post, Lee discusses China’s ‘ChatGPT moment’ and 01.AI’s transition from a model developer to a solutions provider.

Lee Kai-fu, founder of start-up 01.AI. Photo: Handout
Lee Kai-fu, founder of start-up 01.AI. Photo: Handout

Business

BYD’s Denza unveils N9 SUV to challenge Mercedes, BMW in premium EV segment

The N9 starts from 389,800 (US$60,860), equipped with BYD’s autonomous driving systems and can support on-vehicle drone systems.

China EVs

Chinese EV maker Nio’s fourth-quarter loss widens, revenue outlook underwhelms

‘This year marks the beginning of a new product cycle for our three brands,’ says founder, chairman and CEO William Li Bin.

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Companies

Li may swing BlackRock deal with just 15% of minority owners’ votes

Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.

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Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang
Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang

Business

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Tech War

Huawei-related chip equipment maker to debut products at Shanghai trade show

SiCarrier, a chip tool maker backed by the Shenzhen government, will launch new products at the three-day Semicon China exhibition.

China Business

Hong Kong stocks extend slide as CK Hutchison, CK Asset earnings disappoint

The blistering rally has nearly closed Chinese tech stocks’ valuation with the Magnificent Seven in the US.

The rally in Hong Kong stocks is showing signs of fatigue. Photo: Shutterstock

Policy

Hong Kong investment arm backs Chinese RISC-V start-up StarFive

The partnership will see Hong Kong support StarFive in rolling out RISC-V chip applications in the city.

Full Vision Capital managing partner Alan Chan, left, and StarFive CEO Thomas Xu, holding a RISC-V chip. Photo: Jonathan Wong
Full Vision Capital managing partner Alan Chan, left, and StarFive CEO Thomas Xu, holding a RISC-V chip. Photo: Jonathan Wong

Banking & Finance

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.

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Markets

Two of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

Business

Wingtech sells 4.6 billion yuan assembly assets after losses from US sanctions

The company signed an agreement to sell stake in five subsidiaries to Luxshare Precision Industry, according to filing with Shanghai Stock Exchange.

An undated aerial photograph of Dongguan Luxshare Technology in Guangdong province. Photo: Handout

Banking & Finance

Hong Kong orders brokers to rein in credits to pre-empt IPO madness

Futu Securities, the city’s biggest online broker, said the SFC directive might cool the IPO market frenzy a bit.

People walk past an electronic sign showing the Hang Seng Index in Hong Kong on February 26, 2025. Photo: AFP
People walk past an electronic sign showing the Hang Seng Index in Hong Kong on February 26, 2025. Photo: AFP

Big Tech

Chinese AI models led by DeepSeek catch up with US rivals at lower prices

DeepSeek’s model ranks third in performance while offering much cheaper pricing than OpenAI’s top models, according to a benchmarking firm.

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China Business

Chinese carmaker Geely’s profit soars 213% driven by EVs, asset sales

Geely sold 2.18 million vehicles last year, of which 1.76 million units were delivered on the mainland while 414,522 units were exported.

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Banking & Finance

In SAFE hands: China’s secret plan for US$1 trillion reserves fund in Hong Kong

Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.

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illustration by Pearl Law
illustration by Pearl Law

Banking & Finance

China’s 4 golden flowers: how Beijing invests its US$3.2 trillion reserves

The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.

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Business

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Companies

Hong Kong property firm Gale Well trying to sell US$386 million in assets

Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
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OPINION
John Pomeroy

Opinion | Asia is ground zero for the impact of global glacier loss

John Pomeroy
Christopher Tang

Opinion | Forget Doge, it’s Musk’s Tesla that looks in need of a rescue

Christopher Tang
Andy Cheng

Opinion | Hong Kong must ensure it won’t lose control of Northern Metropolis

Andy Cheng
Richard Harris

Opinion | As US political capital wanes, other assets aren’t far behind

Richard Harris
Nicholas Spiro

The View | Why investors are taking a second look at Chinese real estate

Nicholas Spiro
James McCormack

Opinion | A threat to sell US bonds may force Trump to rethink tariffs

James McCormack
7
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
01:32
Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
02:33
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MOST POPULAR
1

Lee Shau-kee, founder of Henderson Land, dies at age 97

2

Li may swing BlackRock deal with just 15% of minority owners’ votes

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3

In SAFE hands: China’s secret plan for US$1 trillion reserves fund in Hong Kong

4

Henderson’s smooth succession: a tale of 2 brothers and a US$91 billion empire

5

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

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Companies
The entrance of the Balboa Port in Panama. Photo: Reuters
Mergers & Acquisitions

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

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Ontario Teachers’ departure is Hong Kong’s loss, Singapore’s gain

Exclusive | Hong Kong key to StanChart’s US$200 billion new money target: CEO Winters

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Chinese AI firms turn to Hong Kong as gateway to global markets

Hong Kong is an attractive regional hub for Chinese AI companies looking to expand internationally, according to business executives. Photo: Getty Images

Tencent fourth-quarter profit surges 90% as AI gamble pays off

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Tencent has made a big bet on artificial intelligence and is pushing for the use of its Hunyuan large language model across various industries. Photo: Reuters

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

From left, Edmund Yeung Lui-ming, Towngas executive director and chief financial officer; Peter Wong Wai-yee, managing director; and Alan Chan Ying-lung, executive director and chief investment officer. Photo: Towngas

Xpeng says robotics industry will get bigger than automotive sector

Workers at an Xpeng factory in Guangdong province. Photo: Xinhua
Markets
The entrance of the Balboa Port in Panama. Photo: Reuters
Mergers & Acquisitions

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

16

Hong Kong stocks slide most in 3 weeks as rally shows signs of exhaustion

Hong Kong stocks hover at 3-year high before Fed meeting, Tencent results

Chinese EV maker Nio, battery king CATL join forces on swapping stations

Hong Kong stocks surge on hopes Trump-Xi talks could ease trade tensions

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Property
York Place is located on Johnston Road in Wan Chai, Hong Kong. Photo: Google Maps
Hong Kong property

Chinese Estates CEO, sister sell retail shops for US$16.7 million amid market stress

Chan Hoi-wan and her sister lowered their asking price by 7 per cent to close the deal for the Hong Kong retail shops on March 18.

Henderson’s smooth succession: a tale of 2 brothers and a US$91 billion empire

Tributes pour in for Lee Shau-kee, Hong Kong’s ‘patriotic philanthropist’

Stephen Chow, Andy Lau poised for windfalls as their property rents rise

Hong Kong entertainer Andy Lau. Photo: Sam Tsang

Sunac China warns of US$3.6 billion loss as housing slump crimps sales

The logo of Chinese developer Sunac is seen outside a residential compound in Beijing. Photo: Reuters

Lee Shau-kee, founder of Henderson Land, dies at age 97

Chairman Lee Shau-kee attends the Towngas 2010 Annual General Meeting. Photo: Jonathan Wong

China’s home prices drop for 21st straight month as property recovery remains elusive

A Chinese national flag flutters near residential buildings in Beijing on March 9, 2025. Photo: Reuters
Banking & Finance
Ontario Teachers’ Pension Plan managed C$255.8 billion as of mid-2024, making it the world’s 20th largest by assets under management. Photo: Shutterstock
Banking & finance

Ontario Teachers’ departure is Hong Kong’s loss, Singapore’s gain

Canada’s third-largest pension fund will wind down its operations over the next 18 months, spokesman says.

Exclusive | Hong Kong key to StanChart’s US$200 billion new money target: CEO Winters

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Hong Kong banks keep their prime rates steady after HKMA, Fed hold fire

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

The custodian of a third of China’s US$3.2 trillion reserves is hiring in Hong Kong

Cryptocurrency
Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock
Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

Bitcoin, ether stagger as US stock sell-off weighs on cryptocurrencies

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Hong Kong’s dollar peg seen as advantage amid stablecoin growth

As Hong Kong courts cryptocurrency business to the city, the local currency’s peg to the US dollar could be a standout advantage where stablecoins are concerned. Photo: Shutterstock

Trump wants the US to be the world’s crypto capital. Will China take notice?

US President Donald Trump has announced the creation of a strategic cryptocurrency reserve, fuelling speculation over what effect the move will have on global markets. Photo: Antony Dickson

Bitcoin value dives as uncertainty grips global cryptocurrency market

After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the face of concerns it might not actually happen. Photo: Shutterstock

Bitcoin up after Trump names cryptocurrencies in strategic reserve

Bitcoin has soared following Trump’s announcement of a list of cryptocurrencies to be included in a new US strategic reserve. Photo: AFP
China EVs
Chinese auto companies including BYD have been investing in car carriers as they seek to accelerate their global expansion. Photo: Xinhua
China shipbuilding

China is building new ships at record pace to turbocharge its car exports

Shipyards are rolling out huge vessels capable of carrying 8,600 cars as China’s auto industry seeks to accelerate its global expansion.

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Xpeng says robotics industry will get bigger than automotive sector

4

Tesla banks on Model Y, China’s CATL to see strong growth: 7 EV reads

Chinese EV maker Xpeng trims losses on 23% revenue rise

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

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Climate and energy
From left, Edmund Yeung Lui-ming, Towngas executive director and chief financial officer; Peter Wong Wai-yee, managing director; and Alan Chan Ying-lung, executive director and chief investment officer. Photo: Towngas
Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

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BYD shares surge on unveiling of ‘fast as gas’ charging tech

6

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Towngas’ Tai Po Plant. Photo: Martin Chan

1.2 million EVs were sold worldwide last month, mostly in China

New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout

China miners accelerate overseas buying spree

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A Leapmotor EV production line in Jinhua, China. Photo: AFP
China Future Tech
A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee
China’s C919 passenger plane

China’s Comac tells suppliers it plans 50% boost to C919 production capacity

Leading Chinese aircraft manufacturer aims to be able to produce 200 narrowbody jets a year by 2029, conference told.

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36

ByteDance advances DeepSeek work in AI reasoning with open-source project

China is building new ships at record pace to turbocharge its car exports

33

Robot wars: why this week was a game-changer for the US-China humanoid race

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37

Musk’s xAI joins Microsoft-BlackRock US$30 billion AI fund