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People walk past an electronic board showing major Hang Seng indices in Central, Hong Kong on April 10, 2025. Photo: dpa

China Business

Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.

16 May 2025 - 7:55PM

OCBC plans to stay the course in Hong Kong, hire talent despite trade war

16 May 2025 - 7:30PM

Chinese fast-fashion group opens Urban Revivo store in Hong Kong amid sales challenges

16 May 2025 - 6:17PM

Big Tech

China’s lack of advanced chips hinders adoption of AI models: Tencent executive

Washington’s latest chip export controls could widen the gap in AI adoption between China and the US, Tencent Cloud’s Wang Qi says.

16 May 2025 - 8:00PMvideocam

Tencent president Martin Lau says the company “just sort of has to manage” the latest US chip export restrictions. Photo: Shutterstock

Big Tech

DeepSeek offers new details on using 2,048 Nvidia chips to train its V3 model

In a paper co-authored by founder Liang Wenfeng, the start-up attributes its success to a hardware-software co-design approach.

16 May 2025 - 7:00PMvideocam

Big Tech

Huawei’s chip unit doubled revenue last year on back of firm’s smartphone growth

HiSilicon recorded a surge in revenue in 2024, driven by strong sales of Huawei’s Pura 70 and Mate 70 handsets, according to Counterpoint Research.

16 May 2025 - 6:00PM

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Tech War

US curbs on Huawei chips add uncertainty to China’s AI investment

New guidance on US export rules could deter Chinese firms with global ambitions from using Huawei processors, analysts say.

16 May 2025 - 4:46PM

The US has clarified its export rules to bar the use Huawei’s AI chips anywhere in the world. Photo: EPA-EFE

Business

Earthquake jitters sway Thailand’s market for high-rise office towers

Concerns over building safety are adding further pressure to a market that was already grappling with slowing demand.

16 May 2025 - 2:00PMvideocam

China Business

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

16 May 2025 - 3:33PM

Companies

Green Tea makes tepid Hong Kong debut as IPO frenzy takes a pause

Shares of the restaurant chain began trading at HK$7.19 per share, before plunging 7 per cent to an intraday low of HK$6.69.

16 May 2025 - 7:47PM

An undated photograph of the signage of Green Tea Group, a Hangzhou-based restaurant chain. Photo: handout

China Business

Hong Kong stocks sink, trimming trade-deal gain, on Alibaba earnings miss

Lacklustre earnings could derail a rebound in equities spurred by a temporary ceasefire in the tariff war between China and the US.

16 May 2025 - 4:37PM

The Alibaba logo is seen in an illustration photo taken on January 29, 2025. Photo: Reuters

Tech War

US lawmakers introduce bill to stop smuggling of AI chips to China

Some chips have continued to flow to China despite the US seeking to clamp down on their export.

16 May 2025 - 11:11AMvideocam

Blockchain

Crypto exchange Coinbase warns of US$400 million hit from cyberattack

Hackers have paid multiple contractors and employees working in support roles outside the US to collect information, the company says.

16 May 2025 - 10:11AM

China Business

Chinese EV maker Xpeng launches AI-chip powered P7 to take on Model 3, SU7

The next-generation P7 will start from about US$41,630 and hit the mainland Chinese market in July or August.

15 May 2025 - 9:23PM

The new P7 will be equipped with Xpeng’s indigenous Turing chip. Photo: Handout

Markets

Swap Connect: enhancements in store to boost hedging tools, bond market appeal

Tenor of interest-rate swap contracts to be extended to 30 years, while contracts referencing the onshore loan prime rate will also be introduced.

15 May 2025 - 9:16PMvideocam

A poster promoting foreign exchange services outside a money changer in Hong Kong. Photo: Reuters

Big Tech

Alibaba’s quarterly revenue grows 7% as ‘all-in on AI’ strategy pays off

The Hangzhou-based company’s adjusted earnings rose 36 per cent year on year to 32.6 billion yuan in the March quarter.

15 May 2025 - 9:16PM

Business

Meitu founder’s wife buys Hong Kong luxury home for US$60 million

Wang Baoshan paid 22 per cent less than the asking price for the 5,466 sq ft detached house at 8 Perkins Road.

15 May 2025 - 8:19PM

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

27 Apr 2025 - 9:43AMvideocam

illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

19 Apr 2025 - 11:00AM

China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

14 Apr 2025 - 7:21PMvideocam

China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

17 Apr 2025 - 6:45PMvideocam

Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP

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Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Asian stock markets fall as 104% tariffs target China

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

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

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

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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