Meituan

Kimi developer Moonshot AI valued at US$20b as it navigates new IPO rules

3 hours ago

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

6 May 2026 - 7:52AMvideocam

Robotics

Hype or real: China’s robot boom faces reality check as commercialisation lags

Capital floods into China’s robotic sector but profitability remains elusive as challenges emerge with the industry’s business model.

5 May 2026 - 11:00AMvideocam

Robotics

China’s robots step into real-world roles, from cleaning to directing traffic

Robots appear in settings from dirty kitchens to dangerous steel mills as country pushes development of embodied AI.

5 May 2026 - 8:40AMvideocam

Chinese firms face pressure on AI investments as US peers’ spending soars

Largest US companies on track for US$700 billion in AI capital expenditures this year, versus about US$105 billion in China.

30 Apr 2026 - 10:30PM

Hong Kong economy

Hong Kong launches consultation on Keeta’s proposal over competition concerns

Competition Commission consults on delivery platform’s commitment to curb exclusivity and support fairness in the market.

28 Apr 2026 - 3:58PM

Keeta has pledged to ease exclusivity rules and allow restaurants to join multiple delivery platforms. Photo: Handout

Hidden office, fractured bone: violent clashes in China’s food safety crackdown

Details of secrecy, obstruction and violence emerge from a probe into 67,000 ‘ghost’ bakeries across China’s biggest e-commerce platforms.

21 Apr 2026 - 8:00PM

Chinese platforms fined 3.6b yuan over ‘ghost’ takeaways amid cutthroat rivalry

The fines follow a period of intense competition that drove down prices and stalled profit-making at China’s food delivery platforms.

18 Apr 2026 - 10:40AM

Trending in China

Foreigners flock to China spas to enjoy unique baths amid wellness tourism rise

Peace, comfort, affordability and 24-hour, family-friendly operations see overseas customers give boost to country’s relaxation industry.

10 Apr 2026 - 6:00PM

Foreigners are flocking to affordable Chinese spas to experience unique cultural baths, reflecting growing interest in wellness tourism. Photo: SCMP composite/RedNote

Taiwan

Taiwan should learn from mainland AI, KMT head Cheng Li-wun says

The Taiwanese opposition leader was delivered milk tea by a drone at the headquarters of internet giant Meituan.

9 Apr 2026 - 8:19PM

KMT Chairwoman Cheng Li-wun sips a milk tea that was delivered by a Meituan drone in Shanghai on Wednesday. Photo: Xinhua

Bonds

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

2 Apr 2026 - 4:26PM

Trending in China

Japan solo dining chain gains popularity in China; lengthy wait times lead to scalpers

Mainland diners seek out eating outlets which block the prying eyes of strangers; offer complete isolation to enjoy ‘private moments’.

1 Apr 2026 - 2:22PM

China manufacturing

Chinese market regulator tells firms to focus on healthy competition overseas

State Administration for Market Regulation tells companies it will address ‘involution-style’ competition as they step up efforts to expand.

27 Mar 2026 - 9:00PM

Workers assemble a new energy vehicle battery module in June last year at a factory in Changzhou, Jiangsu province, that was established by battery giant CATL and carmaker SAIC Motor. Photo: Xinhua

Mainland China

Meituan posts second consecutive quarterly loss amid instant commerce battle

The Beijing-based company had a challenging 2025 after local e-commerce giant JD.com jumped into food and grocery deliveries.

26 Mar 2026 - 8:21PM

Meituan food delivery riders gather during a work break in Chongqing on November 21, 2025. Photo: Getty Images

Robotics

Inside Unitree’s landmark IPO: what to know about China’s humanoid giant

Listing, if approved, would be a bellwether of investor appetite for so-called embodied AI companies.

23 Mar 2026 - 9:45PMvideocam

Food and Drinks

Hong Kong’s chefs receive top honours in 2026 Black Pearl Restaurant Guide

The Michelin-equivalent list published by Meituan knighted two Hong Kong chefs, Vicky Cheng and Terry Ho, with special awards.

24 Mar 2026 - 10:52AM

Hong Kong stocks extend win streak amid stabilising oil prices despite Iran war

Hang Seng Index rises for a third day, the longest run since January, as Wall Street rally and steadier oil prices boost mood.

18 Mar 2026 - 4:30PM

The Hang Seng Index rose for the third consecutive day on Wednesday. Photo: Jelly Tse

Hong Kong stocks advance as tech sector lifts sentiment amid prolonged conflict

Hang Seng Index climbs, driven by tech firms, helping investors look past prolonged Middle East hostilities.

16 Mar 2026 - 4:36PM

China stock market

Chinese firms with success in global push poised to reap profit rewards

High commodity prices also a factor as mainland-listed firms set to continue outperforming Hong Kong peers battered by ‘involution’.

12 Mar 2026 - 7:30AM

Middle East crisis fuels wild Hong Kong stocks swings from mainland investors

Rapid shifts in cross-border flows show even Hong Kong’s most reliable buyers can amplify market turbulence during geopolitical shocks.

11 Mar 2026 - 8:44AM

The escalating hostilities in the Middle East have prompted onshore Chinese investors trading Hong Kong’s stocks through cross-border Stock Connect programmes to behave more like short-term day traders. Photo: EPA

Chinese tech giants offer cheap, easy access to OpenClaw amid ‘lobster fever’

Shares of Hong Kong-listed MiniMax and Zhipu AI surge after launching OpenClaw tools.

10 Mar 2026 - 5:00PM

OpenClaw was launched last year and acquired by OpenAI in February, sparking global hype. Photo: NurPhoto via Getty Images

JD.com posts quarterly loss amid costly instant delivery battle

Profit for 2025 cut in half amid expensive fight with Alibaba and Meituan, as well as dampened consumer spending.

5 Mar 2026 - 10:34PM

Middle East

Iran war disrupts Chinese tech firms’ Middle East operations

Baidu, WeRide and Meituan among companies halting operations or instituting remote work, as some Chinese nationals seek to escape region.

2 Mar 2026 - 10:32PMvideocam

JD.com renews on-demand delivery fight with US$2.9 billion in grocery subsidies

JD.com says the subsidies will make the ‘Billion-Yuan Supermarket’ its largest subsidised product category, surpassing electronics.

26 Feb 2026 - 8:30PM

AI apps soar in China as Lunar New Year giveaway battle boosts user growth

Tech firms score win as AI assistants become part of holiday consumption – from buying food and booking travel to planning entertainment.

24 Feb 2026 - 5:30PM

Alibaba’s AI app Qwen saw nearly 200 million orders placed during the holiday period. Photo: Reuters

Why is the Hang Seng Tech Index underperforming while AI shares soar?

The gauge has fallen 5.5 per cent this year, while newly listed AI firms Zhipu AI, MiniMax and Beijing Haizhi are up at least fivefold.

23 Feb 2026 - 10:46AM