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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.
A screen grab from a social media video shows a partially submerged car being carried away by floodwaters after Typhoon Noul brought torrential rain to Puning, Guangdong province, late last month. Photo: Reuters
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

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Biomedicine: Industry Trends

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

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.

Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC) Photo: Enoch Yiu
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.

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.

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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.

South Korean dealers work in front of monitors at the Hana Bank in Seoul on July 31. Photo: EPA
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.

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.

The listing ceremony for Zhongji Innolight. Photo: Jonathan Wong
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.

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.

Pop Mart has opened a new store in Sentosa, Singapore. Photo: Handout
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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China GDP

China’s ‘K-shaped’ economy is divided not just by sector, but geography

The divide between China’s booming tech industry and struggling consumer sector has drawn attention. But regional disparities are also widening.

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China consumption

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

Yu Donglai (centre) CEO of Chinese supermarket chain Pangdonglai. Photo: Sohu
Mainland China

China hits Trip.com with US$765 million antitrust penalty

The country’s biggest online travel services provider is accused of abusing its ‘dominant market position’.

Investing

How Beijing became China’s biggest tech venture capitalist, from AI to chips

China’s tech sector thrives on state-backed investment, reshaping funding dynamics and sparking a debate about balancing risk and innovation.

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China energy security

Power play: CATL wades into hydropower as China opens state projects further

Battery giant’s stake in Sichuan plant reflects Beijing’s push to diversify funding and inject market discipline into public infrastructure.

The deal marks CATL’s latest involvement in hydropower projects, following Beijing’s pledge last year to open commercially viable public infrastructure to the private sector. Photo: Shutterstock
Mainland China

China’s tycoons rein in charitable donations, switch focus to science, education

One major driver of overall decline in corporate donations has been the prolonged slump in country’s real estate sector.

ByteDance founder Zhang Yiming has donated 1.1 billion yuan to projects in his hometown over the past five years. Photo: AFP
China tariffs

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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Biomedicine: Industry Trends

‘Historic breakthrough’: China approves novel drug ahead of US, Japan and Europe

Push to accelerate novel drug reviews promises earlier access to breakthrough therapies for patients long left waiting.

Hong Kong

Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending

Neighbourhood malls to host year-round events encouraging consumers to open their wallets after World Cup mania delivers double-digit gains.

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More than 1,000 soccer fans packed the Olympian City shopping mall in Tai Kok Tsui as they cheered for their teams during the World Cup final match live broadcast between Spain and Argentina. Photo: Sun Yeung
Biomedicine: Companies

‘Systemic leap’: China’s drug innovation push yields bumper crop

Home-grown therapies account for 80 per cent of approvals in first six months of the year.

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In addition to surging novel drug development, China’s cross-border deals with global giants show no sign of abating. Photo: Shutterstock
Ctrip

China to conclude Trip.com antitrust probes as soon as this week, sources say

Market regulator expected to close investigation into top online travel service provider, with potential fines running into billions of yuan.

Artificial intelligence

To survive China’s cost-conscious market, global brands embrace AI and robots

From L’Oréal to Coca-Cola, major multinationals are embedding cutting-edge technologies into operations to compete with local rivals.

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