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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.
Students attend class at a school in eastern China’s Zhejiang province. Photo: Xinhua
Mainland China

China bans private tutoring. So why are cram schools still bleeding parents dry?

Five years ago, China imposed a sweeping ban on for-profit academic tutoring. But the sector has quietly made a comeback amid intense parental demand.

Artificial intelligence

From ‘slop’ to prime time: how AI dramas are shaking up China’s TV industry

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SpaceX

Can China catch SpaceX? New commercial reusable rocket takes to the skies

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Mainland China

China’s commercial space sector expands global footprint with Thailand deal

GalaxySpace describes mission as first turnkey satellite export to a Southeast Asian customer by a Chinese commercial space company.

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A Long March-6C carrier rocket carrying seven satellites blasts off from the Taiyuan Satellite Launch Centre in Shanxi province on Tuesday. Photo: Xinhua
China's economic recovery

China’s steel sector must avoid US rust belt’s fate: party journal

Trade barriers, oversupply and falling export prices are squeezing steel producers as the Qiushi Journal warns against letting the industry contract.

China consumption

As bubble tea craze cools in China, can full equity buyouts revive growth?

Bain Capital’s acquisition of Gong Cha may signal a shift in bubble tea investment strategy, as sector slows after years of rapid expansion.

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Medicine

Overseas licensing has helped fuel China’s biotech profits. Will it last?

Out-licensing deals have overtaken IPOs as the primary lifeline for cash-starved Chinese drug makers, analysts say.

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Asset id: 2156561481 Cross-border out-licensing deals are proving profitable for Chinese drugmakers. Photo: Shutterstock Images
China education

Oxford blues: Chinese executives log complaints over training programmes

Participants say they spent a lot of time queuing for library cards, and a visit to Germany turned into a bus tour circling factory grounds.

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Space

China clears Geely for landmark satellite test to spur commercial space drive

Geespace secures a two-year satellite IoT trial from MIIT, the first approval for a private Chinese firm.

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China economy

Opinion | As China shows, liberal capitalism is not the only path

China has disproved one of the post-Cold War era’s most confident assumptions: that the Western model is the only route to modernity.

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A visitor to the World Robot Conference in Beijing touches a humanoid robot on display, on August 19. Photo: China News Service via Getty Images
Alibaba

Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

Tech giant posts fastest growth in cloud and AI revenue in 22 quarters, says huge AI computing investments will pay off within three years.

The Alibaba booth at the World Artificial Intelligence Conference in Shanghai on July 26, 2025. Photo: Reuters
China stock market

China’s state funds exit Kweichow Moutai as 25-year profit growth comes to end

Central Huijin Investment and China Securities Finance are not among Kweichow Moutai’s top 10 shareholders as of second quarter.

Business of climate change

South China tech hub’s wet summer puts damper on small business profits

Shenzhen’s wettest July in more than three decades saw foot traffic plummet and also caused severe disruption to airline schedules.

Biomedicine: Companies

China’s drug firms set to compete on the world stage, analysts say

Amid systemic efficiency and a wave of innovation, the country’s biotech sector is expanding at a pace that has caught the market off guard.

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With an efficiency edge that transcends simple cost advantages, China is set to see the emergence of a home-grown drug giant capable of competing with global players. Photo: Shutterstock
Biomedicine: Industry Trends

Global pharma giants turn to Chinese biotech to tap innovation, valuation growth

The foreign investments can help Chinese companies grow and compete on the global stage, according to Citic Securities.

Test tubes are arranged in front of an AstraZeneca logo in this illustration picture taken May 21, 2021. Photo: Reuters
Biomedicine: Companies

Sugar for the pill: US$8b fund boosts Hong Kong’s biotech hub ambitions

Hong Kong Investment Corporation is stepping up its efforts to position itself amid Beijing’s challenge to US pharmaceutical dominance.

China stock market

Global AI trade revival brightens outlook for Chinese tech stocks

Improved corporate earnings and a broader global tech rebound are helping stocks bounce back from a record monthly decline.

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Banking & finance

China’s foreign reserves hold steady as external earnings stay in private hands

Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total external stock, IIF says.

China’s banks, companies and investors operating outside the central bank’s reserve holdings became net creditors in their own right at the end of 2025, according to the Institution of International Finance. Photo: Shutterstock
China stock market

Not like South Korea? Chinese brokers forecast A-share tech and chip rebound

As global investors pull money from South Korea, top domestic brokerages expect strong domestic fundamentals to drive fresh buying in China.

Artificial intelligence

Chasing physical AI: Ant Group robotics arm Robbyant kicks off external funding

The division seeks US$222 million in the first round and could complete a second by year-end, according to domestic media reports.

Artificial intelligence

China’s tech giants race to put AI on delivery riders’ heads

From safety features to hands-free voice tools, JD.com has become the latest platform to launch AI-integrated headwear.

Delivery couriers ride bikes in Beijing on July 10. Photo: Reuters
Millionaires, billionaires and trillionaires

Why 17 people have held title of China’s richest person in past 27 years

ByteDance founder Zhang Yiming tops rankings this year, but vibrant market makes them much more fluid than in US, Hurun says.

ByteDance founder Zhang Yiming ranks as China’s richest person this year, with a fortune estimated at US$81 billion. Photo: Weibo
IPO

AI stock rout fells Innolight after mega Hong Kong IPO

Nvidia supplier Innolight declines on its Hong Kong trading debut as once AI-hungry investors turn increasingly nervous about sector’s huge spending plans.

China technology

Why has the China-US profit gap widened on the Fortune Global 500?

Despite posting strong revenues, China’s multinationals logged average profits of US$4.5 billion in 2025, just 40 per cent of US counterparts’ figure.

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Hong Kong stock market

Why is Zhongji unveiling US$1.2 billion in buy-backs before its Hong Kong debut?

The optical-module maker plans to buy back shares denominated in yuan to anchor pricing before its initial public offering in the city.

A general view of Exchange Square in Central on July 21. Photo: Jelly Tse
Hong Kong

China’s ATRenew has big plans for Hong Kong’s little-known phone trading hub

New York-listed firm aims to modernise the city’s opaque wholesale market, which sits at the centre of a vast global network for used devices.

Customers browse used devices at the newly opened ReRe outlet in Hong Kong. Photo: Handout
China consumption

China’s Pop Mart opens new store in Singapore’s Sentosa as domestic sales slow

Popular toymaker targets global expansion and revenue diversification, looking beyond just collectibles.

China's economic recovery

Payment arrears and ‘involution’ still slam traditional China industries: survey

Most entrepreneurs polled cite problematic payment delays and intense competition, even as AI, semiconductors and advanced materials lift profits.

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