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Paul Yien, the executive director for office leasing advisory at JLL. Photo: Handout

Business

High-end office properties in Causeway Bay to lure major global tenants: JLL

‘Trophy buildings with large floor plates in Causeway Bay will be the new focus of the market and will draw more tenants,’ JLL says.

China’s rare earth curbs spur overseas projects, says US developer

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China catching up fast with US in algorithms: ex-Microsoft AI head

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Big Tech

Alibaba unveils new AI model for more precise image creation

Qwen VLo adds to the intense competition in China’s AI landscape, where Alibaba has pursued an open-source approach to gain users.

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Alibaba’s headquarters on the outskirts of Hangzhou, Zhejiang province in eastern China. Photo: Reuters
Alibaba’s headquarters on the outskirts of Hangzhou, Zhejiang province in eastern China. Photo: Reuters

China Business

Cloudy with a chance of bankruptcy: US tariffs hurt China’s solar firms

One-third of China’s 121 listed solar producers are in the red; more than 50 along the supply chain have filed for bankruptcy this year.

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China Business

Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Bookings for the SUV, priced from US$35,366, hit 200,000 in just three minutes, company says.

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Companies

NWD meets 2025 sales target and wins commitment to refinancing

New World reaches sales goal thanks in part to success of Deep Water Pavilia project in Wong Chuk Hang.

The Deep Water Pavilia development in Wong Chuk Hang. Photo: Handout
The Deep Water Pavilia development in Wong Chuk Hang. Photo: Handout

Tech Trends

Anker partners with Apple battery supplier ATL after massive power bank recall

Anker partners with the battery supplier for Apple and Samsung, confirms cutting ties with Apex Wuxi after reports of overheating.

Business

Buyer linked to Agile’s lender picks up Hong Kong sites at 63% discount

Receivers hand over Hong Kong Island asset to buyer with ties to Agile’s mezzanine lender, records show.

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Banking & Finance

Chinese smartphone maker Honor moves closer to onshore share listing

Mainland market’s fourth-largest smartphone maker first announced plans to list A shares in November 2023.

Honor’s logo hangs above the smartphone maker’s booth at the Shanghai New International Expo Centre in Shanghai on June 18, 2025, during the first day of the Mobile World Conference. Photo: Getty Images

Big Tech

Alibaba trims partnership as company bets on younger leaders

Nine partners – including former CEO Daniel Zhang – have left, bringing the number down from 26 to 17.

A signage for Alibaba’s offices in the Xuhui district in Shanghai. Photo: AFP
A signage for Alibaba’s offices in the Xuhui district in Shanghai. Photo: AFP

Tech Trends

UN agency pushes AI ethics standards as US-China tech rivalry deepens

Unesco hosted a forum in Bangkok this week to drive the adoption of its AI ethics recommendations.

China Business

Trade deal, rate-cut bets lift Hong Kong stocks to best week in 4 months

Bets on a US interest-rate cut in September increased, with the odds rising to 93 per cent from 64 per cent a week ago.

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Commodities

Hong Kong has potential to become green marine fuel hub with Beijing’s backing

City can have a bigger say in green fuel trading and pricing if it becomes a trading hub, CIMC Enric president Leo Yang says.

The first large-scale ship-to-ship simultaneous refuelling for green methanol-powered container ships in China takes place at the Guandong Container Terminal on July 9, 2024. Photo: Linkedin/Quin Xu

World

US, China reach ‘understanding’, Xi to miss Brics summit: 7 highlights

From a Vietnamese mogul escaping death penalty to China’s new optical computing chip, here are a few highlights from SCMP’s recent reporting.

A handout photo from the Swiss Foreign Ministry shows US and Chinese flags before a bilateral meeting on trade relations, in Geneva, on May 10. Photo: AFP
A handout photo from the Swiss Foreign Ministry shows US and Chinese flags before a bilateral meeting on trade relations, in Geneva, on May 10. Photo: AFP

Tech Trends

Over 40% of agentic AI projects forecast to be scrapped by 2027

Many current models do not have the maturity and agency to autonomously achieve complex business goals, Gartner analysts say.

Blockchain

Hong Kong sharpens crypto hub focus amid rising global competition

Hong Kong is seeking an early lead in stablecoins and tokenisation as Trump pushes the US to become the ‘crypto capital of the planet’.

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Big Tech

How Huawei’s silicon strategy defies US sanctions, advances China’s AI ambitions

Huawei is expected to ship about 700,000 Ascend AI processors in 2025, according to Mizuho estimates.

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Illustration: Brian Wang
Illustration: Brian Wang

Business

InvestHK pivots to support Hong Kong start-ups’ global growth

After 25 years promoting the city as an investment destination, InvestHK is now championing Hong Kong companies’ overseas expansion.

Banking & Finance

Step aside Shanghai, Hong Kong is China’s prize financial hub

Despite calling the two cities twin engines for finance, Beijing’s actions favour Hong Kong as China’s one true global funding hub.

Policy

Self-driving mining trucks offer a glimpse of China’s hi-tech future

A coal mine in Inner Mongolia showcases Beijing’s determination to transform traditional industries with advanced technologies.

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The world’s largest fleet of unmanned electric coal trucks demonstrates China’s resolve to upgrade its traditional industries. Illustration: Henry Wong
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OPINION
Guy Kioni

Opinion | Africa could emerge a winner from China’s war-induced energy shift

Guy Kioni
Ken Chu

Opinion | Now that Hong Kong has its mojo back, what next?

Ken Chu
Nicholas Spiro

Macroscope | How unique US advantages are fuelling Trump’s reckless behaviour

Nicholas Spiro
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James David Spellman

Opinion | We’re sleeping on threats from AI, shadow banking and cryptocurrency

James David Spellman
Alice Wu

Opinion | Hong Kong is bouncing back just at the right time for John Lee

Alice Wu
Yukon Huang

Opinion | How Beijing and Washington can find common ground

Yukon Huang
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MULTIMEDIA
Video

China’s largest EV battery maker starts strong on HK stock market

China’s largest EV battery maker CATL celebrates strong debut at Hong Kong stock market
01:44
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
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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