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

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
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Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
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How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
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