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China’s private sector

China’s private sector
The latest news, analysis and opinion on China’s private sector. In-depth analysis, industry insights and expert opinion.
Harbour BioMed’s antibody programme focuses on tumour-killing effects. Photo: Handout
Biomedicine: Companies

Wave of Chinese biotech deals builds with US$1.2 billion Harbour BioMed pact

Deal involving an antibody asset ‘goes beyond a traditional licensing transaction’, founder and CEO says.

Electric & new energy vehicles

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

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Biomedicine: Industry Trends

Lab monkey price tag climbs to US$20,000 thanks to China’s biotech boom

China energy security

Chinese power line projects seek private capital in sign of infrastructure shift

Beijing is encouraging more private investment in a range of critical infrastructure projects, from railways to nuclear power plants.

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Workers inspect a power transmission line in China’s central Anhui province. Photo: Xinhua
China’s crackdowns

China charges former AstraZeneca executive – a sign of the times?

Foreign drug makers face pressure in the Chinese market, from tighter regulatory oversight to growing local competition.

Robotics

Before the factory floor, the dance floor: robots find path to market at US$145

Humanoid robots may one day transform factories and warehouses, but for now their most immediate role is keeping the party going.

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Colombia

Luckin’s 30,000th store milestone adds buzz to China’s brewing coffee battle

Xiamen-headquartered chain pushes to integrate supply network worldwide and accelerate growth in markets from Asia to the US.

Luckin Coffee’s store network spans more than 300 cities across mainland China. Photo: Handout
DJI

Insta360, Vivo challenge DJI’s turf, eyeing a slice of the gimbal camera boom

Insta360 and Vivo plan new handheld cameras to challenge DJI, but analysts say building a content ecosystem will be the tougher battle.

Middle East

China’s Pop Mart gains on earnings hopes as investors eye growth beyond Labubu

The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.

China Future Tech briefing

Biomedicine | China challenges US in new drugs after industry transformation

Drug makers in China are performing cutting-edge research and licensing products to global giants after a 10-year government push supercharged the industry.

China challenges US in new drugs after industry transformation
China jobs

As jobs dry up, China’s graduates turn to booming ‘micro drama’ industry

The bite-sized series now rival box office hits in popularity – and with that success comes opportunity.

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Actors wait on the set of a micro drama during a filming session at a banquet hall in Zhengzhou, Henan province, on July 16, 2024. Photo: Reuters
Mainland China

China’s Year of the Horse shoppers let emotional satisfaction take the reins

Brand prestige fades in importance as consumers favour festival-themed toys, playful designs and pet items.

Hong Kong

How Western brands are adapting to China’s changing consumer landscape

Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.

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Hong Kong

China’s Kuaishou slapped with US$17 million fine after explicit content probe

The fine comes days after a separate e-commerce penalty, adding pressure on China’s No 2 short-video platform to tighten controls.

Beijing’s Cyberspace Administration launched an investigation following reports of a surge in pornographic streams Photo: Shutterstock
Mainland China

Meituan snaps up Dingdong to deepen push into fresh grocery retail

The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.

China’s food delivery giant Meituan has aquired Dingdong for US$717 million. Photo: Handout
China deflation

China raises taxes on select sectors: a one-off fix or tough times ahead?

A broader push to raise taxes across the private sector is not on the cards, economists say.

Investing

China’s gold trading hub on edge: what is happening – and why now?

Uncertainty spreads in Shuibei as second platform falters, spooking investors.

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Banking & finance

China pushes to shore up government finances with tax rises on several sectors

Beijing targets tax incentives in telecoms and other industries after seeing fiscal revenue drop sharply in late 2025.

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China has raised taxes on telecoms giants including China Telecom as part of a push to shore up government finances. Photo: Shutterstock
China economy

Opinion | Fears of overcapacity ignore China’s full balance of payments picture

The right question to ask is whether China’s overall current account represents a destabilising imbalance that siphons growth from trading partners.

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AstraZeneca unveils US$15 billion China investment as Starmer visits Beijing

The drug maker says the funding will expand medicines production and research capabilities, as London and Beijing seek to rebuild momentum.

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Hong Kong stock market

Muyuan Foods courts cornerstone investors for Hong Kong listing

Thai conglomerate expected to join a group of cornerstone investors in a deal that could raise about US$1.5 billion.

Muyuan is among a crop of Chinese companies in the consumer industry that are defying China’s sluggish consumer demand to sell shares in Hong Kong. Photo: AP
United States

Pop Mart rallies in Hong Kong on aggressive push into US retail market

Shares of Labubu toymaker Pop Mart jumped after the Chinese firm unveiled plans to open more than 20 new stores in the US this year.

Interior signage featuring Pop Mart’s logo and collectible characters at a store in San Francisco. Photo: Getty Images
Shanghai

Partnerships, not plants: Chinese companies rethink overseas expansion strategy

Executives are urging a measured approach as Chinese firms turn to global markets amid intensifying competition at home.

China technology

China’s private sector increases presence among top 100 listed firms

US think tank’s report says non-state sector is bouncing back from three-year slump.

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China economy

China’s drug and medical device sector fuels growth with record licensing deals

China’s pharmaceutical industry surges on ageing demand and global expansion, with revenue forecast to top US$2.1 trillion by 2030.

Innovative drugs are expected to outpace other segments with an annualised growth of 20 per cent between 2026 and 2030, according to UBS. Photo: Shutterstock
Regulation

Beijing opens antitrust investigation into Trip.com before Lunar New Year break

The Trip.com case shows how China’s regulatory inquiries into various online platforms have become the norm.

Trip.com Group is China’s largest online travel services provider. Photo: Shutterstock
Consumers

Changing tastes: China’s new affluent consumers seek quality not extravagance

Rise of upper middle class reshapes China’s retail market, driving demand for quality goods and creating a battleground for global brands.

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Mainland China

China to probe food delivery platforms under anti-monopoly law

State Council announcement cites ‘excessive subsidies’ and ‘price wars’ in document unveiling market assessment for online delivery services.

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