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Chinese EV maker Nio has leased nearly 10,000 square metres of space from CTP in Budapest. Photo: CTP

Business

Chinese firms seek European base for factories amid trade tensions, tariffs

European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.

Buy or wait? Consumers put Beijing on hook for more rescue subsidies

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Hong Kong employers seek more relationship managers and data analysts next year

Big Tech

Ant Group splits Alipay into two business units in latest restructuring move

The company will adopt a ‘rotating presidential system’ for the two new businesses, with each unit president serving a six-month term.

In this photo illustration taken February 27, 2021, the Ant Group logo is seen on a mobile phone screen. Photo: Shutterstock Images
In this photo illustration taken February 27, 2021, the Ant Group logo is seen on a mobile phone screen. Photo: Shutterstock Images

China Business

China stocks waver as central bank abstains from rate cut

China stocks trade sideways as investors pile into ICBC and other high-dividend stocks.

Big Tech

Amazon asks Chinese sellers not to offer cheaper prices on Temu

As competition heats up, the US retailer has started tracking product pricing on rival platform Temu, according to merchants.

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Business

Mainland Chinese retailers make their presence felt in Hong Kong

China’s largest coffee chain opens first outlet in the city as it goes up against US rival Starbucks.

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Luckin Coffee, China’s biggest coffee chain, has expanded into Hong Kong. Photo: China News Service via Getty Images
Luckin Coffee, China’s biggest coffee chain, has expanded into Hong Kong. Photo: China News Service via Getty Images

China Business

China’s CATL launches EV chassis that can withstand high-speed crash

Avatr, Changan Auto and Huawei will be the first to use the chassis, which has a battery capable of running for about 1,000km.

China Business

China will retain car-export crown in 2025, but growth may slow on EU EV tariffs

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

China EVs

EU tariffs slow Chinese EV exports, Geely looks to expand in Asia: 7 EV reads

From Chinese EV exports plummeting to Geely looking to expand in the EU and Asia, here are seven EV stories you may have missed.

BYD electric cars bound for export at a port in Yantai, Shandong province, in April. Photo: AFP

China Business

Hang Seng Index closes above 20,000 on mainland Chinese buying

The benchmark gained 1.1 per cent, the most in nearly two weeks, while the turnover on the exchange was 14 per cent below average.

Hong Kong stocks rallied as Chinese investors continued to pump money for a sixth consecutive day. Photo: Shutterstock
Hong Kong stocks rallied as Chinese investors continued to pump money for a sixth consecutive day. Photo: Shutterstock

Companies

Shimao slashes Hong Kong hotel price by 25% to speed up restructuring

Mainland Chinese developer is asking HK$4.5 billion (US$579 million) for the asset, down from HK$6 billion in March 2023, according to a source.

Markets

Hong Kong derivatives trading hits record high amid market volatility

More than 377 million futures and options have changed hands on the exchange this year, an increase of 14 per cent from a year earlier.

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Banking & Finance

MetLife to buy Hong Kong tycoon Richard Li’s PineBridge in asset management push

New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.

The asset management arm of US insurer MetLife has agreed to buy PineBridge Investments. Photo: Reuters

Big Tech

Foxconn invests in EV battery plant in China’s iPhone city

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

The Foxconn building in Taipei. Photo: Reuters
The Foxconn building in Taipei. Photo: Reuters

Tech War

Chinese surveillance tech firm Dahua exits projects in Xinjiang

The company was added to a US trade blacklist in 2019 on claims it aided in human rights abuses in Xinjiang.

China

Chinese workers found in ‘slavery-like conditions’ at BYD site in Brazil

Officials said staff were working excessively long hours while being kept in ‘degrading conditions’ in their accommodation.

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Business

Exclusive | Getting past poker: Sands China drives Macau to diversify economy

Xi Jinping to visit Macau for 25th anniversary of handover as Sands China unveils non-gaming strategy.

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Grant Chum. Artwork by Lau Ka-kuen
Grant Chum. Artwork by Lau Ka-kuen

Climate and energy

Hong Kong’s status as aviation, maritime hub faces green fuel challenge

Hong Kong has to act fast if it wants to become a green fuel hub for the aviation and maritime sectors, as both Singapore and China are way ahead, analysts say.

Blockchain

Decentralised kingdom: bitcoin’s Trump bump and how China lost its crypto crown

As the world’s factory, China cornered the market on bitcoin mining, leading to a flurry of crypto business activity before a harsh crackdown in 2021.

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China Business

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

Illustration: Henry Wong
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OPINION
Scott Cheng,David Ketchum

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

Scott Cheng
David Ketchum
David Dodwell

Outside In | Does Trump’s tariff-happy team realise China is playing weiqi, not chess?

David Dodwell
Andrew Sheng

Opinion | In a world fraught with risk, Trump will add to the bumps

Andrew Sheng
Nancy Qian

Opinion | How China can achieve its next wave of economic growth

Nancy Qian
7
Nicholas Spiro

The View | Japan’s economic prospects a big theme in Asian real estate

Nicholas Spiro
Nikola Mikovic

Opinion | Hong Kong and Xinjiang could be the core of Kazakhstan’s China strategy

Nikola Mikovic
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MULTIMEDIA
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How Sands China is driving Macau 3.0

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NBA, Sands China collaborate to stage pre-season games in Macau

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Bitcoin surge stalls as crypto investors grow cautious

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Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

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