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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.
Photo: Xinhua
Electric & new energy vehicles

China ends hybrid-car tax break as EV success creates challenges

Plug-in hybrid owners will have to start paying an annual vehicle levy in China, as the shift to new-energy models lowers tax revenues while also worsening road damage.

Japan

China’s carmakers are rewriting Europe’s auto hierarchy

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Northern Metropolis

Why Hong Kong’s major developers stayed out of Northern Metropolis’ tender

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China consumption

After hooking China on coffee, Starbucks ramps up consumer strategy

Now that the chain has Chinese consumers hooked on coffee, it is attempting to become part of local consumer culture, analysts say.

A woman checks her phone next to a Starbucks cart in Beijing. Photo: AFP
Biomedicine: Companies

China AI drug-design deals swell as US scrutiny mounts

Global pharmaceutical firms are tapping into Chinese artificial intelligence assets before patents expire on blockbuster drugs, advancing AI-driven biotech.

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Technology

Shanghai unveils quantum computing hub as China races for tech supremacy

The zone is set to provide up to 100 million yuan to fund research and development of the technology.

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Mainland China

Will share buy-backs help Chinese big tech companies rescue battered valuations?

Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.

Chinese tech giants including Tencent, Alibaba, Meituan and Xiaomi have launched aggressive share buy-back plans to win back the confidence of investors in Hong Kong. Photo: Jelly Tse
Consumers

Race to the bottom? Why retailers bet on their own brands in China

Analysts forecast in-house goods to rise sharply as Chinese retailers seek loyalty and offset lost supplier-funded fees.

Biomedicine: Industry Trends

Hong Kong draws royalties giant as mainland China biotech licensing heats up

Royalty financing offers new cash source as global investors pursue Chinese drug breakthroughs despite US pressure, Royalty Pharma says.

China manufacturing

Northern Metropolis: Hong Kong launch pad for Chinese firms

Set for completion in the early 2040s, the 30,000-hectare megaproject leverages Hong Kong’s natural advantages to serve as a new global launch pad for mainland Chinese firms.

Northern Metropolis: Hong Kong launch pad for Chinese firms
Biomedicine: Industry Trends

China’s first AI-powered cancer vaccine production line set to launch in Beijing

Likang Life Sciences says it has developed a personalised vaccine using advanced tech to identify tumour-specific mutations.

The project reflects a global shift in the pharmaceutical sector towards harnessing artificial intelligence. Photo: Shutterstock
Insurance

Final insurance frontier: Hong Kong sees opening in mainland China’s space boom

Like maritime trade centuries ago, the space economy is built on high-risk, high-value journeys. Hong Kong wants to be its insurance hub.

Start-ups

China’s unicorns rise to 381 as ByteDance ranks in top 3 globally: Hurun index

The tech firm is valued behind only OpenAI and Anthropic – while DeepSeek enters the global top 15.

China manufacturing

Why Chinese competition, not geopolitics, is the biggest test for foreign firms

Multinationals remain committed to the Chinese market despite pressures, analyst says, citing the actions of Apple and Nvidia as evidence.

People walk past a booth showcasing Apple’s suppliers during the China International Supply Chain Expo in Beijing on June 22. Photo: Reuters
Trip.com

China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from probe

Country’s top travel site signals turbulence ahead amid rising energy costs, geopolitical tensions and mounting regulatory pressure.

Passengers walk out of the arrivals hall of the Guangzhou Baiyun International Airport in Guangdong province. Photo: Xinhua
Stocks

iPhone supplier Luxshare passes key hearing for Hong Kong listing

The firm, a key supplier for AirPods and iPhones, is a step closer to joining other mainland Chinese tech heavyweights in HKEX listing.

Biomedicine: Industry Trends

China is fretting over a demographic crisis – but what companies might benefit?

Goldman Sachs says pharmaceutical, biotech sectors could see strongest tailwinds, while car industry, tech hardware makers may struggle.

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Biomedicine: Companies

China’s biotech boom: record 5,215 clinical drug trials reported in 2025

Cancer treatments remain the top research focus as Beijing’s drive to make biotech a strategic industry draws attention in Washington.

Cancer research being conducted in a modern lab. Cancer treatments remained the top focus of the record 5,215 clinical drug trials in China last year. Photo: Shutterstock
Robotics

Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics

The Shenzhen-listed components maker is using a Hong Kong float to fund its push into AI servers, smart glasses and robotics.

Biomedicine: Companies

Bigger, fewer, tougher: the new era of China-US biotech partnerships

China’s biotech boom continues to attract Western drug makers even as Washington expands investment and technology controls.

Mainland China

From Alo to Texas Chicken, foreign brands bet on China despite stiff rivalry

For premium and niche brands, China still represents a growth opportunity in a fast-changing consumer market.

Los Angeles-based Alo Yoga announced its entry into the China market on Wednesday. Photo: Shutterstock
Mainland China

Can Pop Mart sustain the Labubu juggernaut as China sales cool?

Analysts warn of rising sales pressure as China demand tapers off, even as Pop Mart bets on new launches and overseas growth.

No signs of mollification: Pop Mart’s Molly figures stand their ground as the company records its first year-on-year decline in domestic online sales since 2024. Photo: AP
Food delivery apps

China proposes ban on ‘irrational’ food-delivery subsidies to end price wars

Regulators target predatory pricing and merchant coercion, with new rules requiring that tech giants disclose subsidy data and not disrupt the market.

China economy

Global brands in China seek local partners amid market squeeze

Slower consumer spending and cutthroat competition are pushing global brands such as Pizza Hut and Starbucks to reshape their China business.

Mainland China

Yum China rolls out the dough for mainland’s Pizza Huts in US$1.2b deal

Though the acquisition would mean full ownership of the restaurant brand in mainland China, the company’s stock price fell after the announcement.

Once the transaction closes, Yum China will transition from Pizza Hut’s exclusive licensee in mainland China to the brand’s owner. Photo: Shutterstock
Mainland China

Smart-driving chips: the weapon of choice in China’s EV tech war

Carmakers strive for more control over computing hardware to reduce reliance on Nvidia and Horizon Robotics.

Chinese electric-vehicle makers are designing their own smart-driving chips, the latest weapon of choice in the highly competitive sector. Photo: Weibo
Mainland China

Natural diamond firms turn to blockchain traceability amid lab-grown competition

The Gemological Institute of America is set to acquire a stake in Tracr, which has developed a blockchain platform to trace diamond origin.

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China's economic recovery

‘Not a crackdown’: China regulators eye neutral enforcement in shift from 2021

Increased scrutiny of tech giants and finance firms seen as end to the era of administrative restraint as officials move to curb monopolies and price wars.

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