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Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua

China Business

Xpeng CEO says flying car market will be bigger than EVs over next two decades

CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.

Self navigating to the top: why China leads the global autonomous-driving race

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Google’s Android transparency shift unnerves Chinese developers

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China EVs

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP

Banking & Finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

Markets

Hong Kong stocks decline for third week on profit-taking

US car tariffs’ impact on the US stock market have brought about a correction in Hong Kong, Kingston Securities’ Dickie Wong says.

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Companies

Venture-capital club expands to Hong Kong, plans US$250m fund

London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech.

A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100, West Kowloon, on February 27, 2025. Photo: Sam Tsang
A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100, West Kowloon, on February 27, 2025. Photo: Sam Tsang

Big Tech

TikTok Shop to expand to Germany, France, Italy next week amid uncertainty in US

The move marks a major expansion of the short-video app’s e-commerce operations in Europe as it faces a looming ban in its largest market.

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Banking & Finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

Business

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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A view of the Shanghai skyline and Huangpu river in 2022. Photo: Reuters

Business

Top US money managers stay upbeat on Chinese stocks amid AI, biotech boom

Templeton, Janus Henderson and Wellington Management see potential in stocks amid China’s pursuit of tech excellence.

From left: Lavanya Chari, global head of wealth and premier solutions of HSBC, Ali Dibadj, CEO of Janus Henderson Investors, Jean Hynes, CEO of Wellington Management and Jenny Johnson, CEO of Franklin Templeton. Photo: Handout
From left: Lavanya Chari, global head of wealth and premier solutions of HSBC, Ali Dibadj, CEO of Janus Henderson Investors, Jean Hynes, CEO of Wellington Management and Jenny Johnson, CEO of Franklin Templeton. Photo: Handout

Banking & Finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

Business

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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Tech

Alibaba launches AI model that can process images and video on the go

The multimodal Qwen2.5-Omni-7B model is designed to run locally on mobile devices and tops rivals in some benchmarks.

Alibaba’s open-source Qwen models have been popular options for AI developers to build upon. Photo: Reuters

Policy

US robotics firms push for national strategy to compete with China

Tesla, Boston Dynamics and others are pushing for US policies that would boost American companies in the global robotics race.

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Humanoid robots perform at the Zhongguancun Forum in Beijing on Thursday. Photo: EPA-EFE
Humanoid robots perform at the Zhongguancun Forum in Beijing on Thursday. Photo: EPA-EFE

Big Tech

Unitree Robotics profitable since 2020, eyes expansion amid high demand

The Hangzhou start-up known for its robot dogs told local media it had no immediate plans for additional fundraising.

Big Tech

Alibaba’s AI crackdown: Taobao says e-commerce images must be ‘realistic’

Taobao’s initiative aligns with China’s broader regulatory efforts to address the misuse of generative AI.

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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
Anthony Rowley

Macroscope | World is ready to cut US dollar down to size – but not too quickly

Anthony Rowley
James David Spellman

Opinion | Trump’s executive orders will be no match for markets in grip of fear

James David Spellman
Bonnie Zuo

Opinion | China has what it takes to lead the global green steel revolution

Bonnie Zuo
Winston Mok

Opinion | China’s true talent in AI lies in making it safe to use

Winston Mok
Nicholas Spiro

The View | Why the future looks so promising for luxury property in Asia

Nicholas Spiro
John Pomeroy

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

John Pomeroy
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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
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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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Video

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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