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The acquisition comes two months after Zijin Mining proposed to buy Canadian Allied Gold as part of its global expansion. Photo: Shutterstock
Mergers & Acquisitions

China’s Zijin Mining clinches US$2.6b Chifeng Gold takeover in expansion drive

The acquisition boosts Zijin’s reserves amid resource nationalism, giving it control of Chifeng’s assets in Asia and Africa.

Hong Kong stock market

Markets brace for rate hikes as Iran war and US$100 oil stoke tightening fears

Hong Kong stock market

Hong Kong stocks tumble with Asia as Strait of Hormuz crisis deepens

Artificial intelligence

What is ‘tokenomics’ and how would China gain the edge in an AI era?

As tokens are positioned as the AI era’s commodity, China’s energy scale and low-cost models could give it a structural edge.

Jensen Huang at Nvidia’s annual GTC conference in San Jose, California, on March 17. Photo: AFP
Jensen Huang at Nvidia’s annual GTC conference in San Jose, California, on March 17. Photo: AFP
Banking & finance

HSBC vows to keep investing in China as new trade growth corridors emerge

HSBC’s CEO said financial institutions needed to ‘keep up’ with the rapid expansion of Chinese companies on their journey to ‘go global’.

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South Korea

Chinese ‘new style tea’ makers expand in South Korea in challenge to coffee

More Koreans, aided by Beijing’s visa-free policies, are travelling to China where they become familiar with tea-based beverages.

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China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

An oil tanker is guided to a berth at a port in Qingdao, Shandong province. China has oil reserves of 1.3 billion barrels, enough for four months of supply, according to UBS Group and S&P Global. Photo: AFP
An oil tanker is guided to a berth at a port in Qingdao, Shandong province. China has oil reserves of 1.3 billion barrels, enough for four months of supply, according to UBS Group and S&P Global. Photo: AFP
Made in China 2025

Global drug giants double down on China amid push for self-reliant supply chains

Multinationals are building self-reliant supply chains in China to insulate local markets from potential trade disruptions, say analysts.

Electric & new energy vehicles

Xiaomi’s new-generation SU7 launch sparks fresh EV fight with Tesla in China

Updated smart sedan debuts with improved safety and smart-driving features, intensifying competition with Tesla and domestic rivals.

Hong Kong stock market

Hong Kong stocks mark third weekly loss as oil volatility pressures sentiment

Hang Seng Index falls for a third week as investors weigh the US-Israel war on Iran, oil swings and corporate earnings.

The Hang Seng Index fell 0.9 per cent on Friday. Photo: Jelly Tse
Hong Kong stock market

Recession fears grip markets as energy facilities under fire in Middle East

Risk-off mode takes hold as attacks bring crisis to ‘a more dangerous level for the global economy’, analyst says.

A file photo shows the Ras Laffan Industrial City, Qatar’s principal site for production of liquefied petroleum gas. Photo: AFP
A file photo shows the Ras Laffan Industrial City, Qatar’s principal site for production of liquefied petroleum gas. Photo: AFP
Hong Kong stock market

SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

Market regulator will soon begin inspection of investment banks amid concerns about deficiencies in listing documents and misconduct.

Alibaba

Alibaba targets US$100b in annual cloud, AI revenue despite results miss

T-Head, mentioned for the first time in the company’s earnings, has shipped more than 470,000 AI chips as of February.

Mainland China

Exclusive | Singapore-headquartered GLP eyes 50% rent surge as China demand fuels growth

Firm will ride Beijing’s push for domestic demand by expanding logistics, data centres and renewable energy capacity, GLP China CEO says.

A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
Electric & new energy vehicles

China presses EV makers to end price war and focus on innovation as demand cools

Oversight of China’s industry intensifies, with carmakers urged to move beyond discounts and focus on chips and self-driving systems.

Visitors look at a new-energy sports car at an expo in Tianjin. Photo: Xinhua
Visitors look at a new-energy sports car at an expo in Tianjin. Photo: Xinhua
Hong Kong stock market

Hong Kong, mainland China stocks tumble as oil shock revives recession worries

Shanghai Composite Index falls below 4,000 points for the first time in two months, underscoring investor jitters.

Hong Kong stock market

China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.

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Tencent

China’s Tencent pledges new wave of AI investment as it bets on WeChat agents

The tech giant reported a 17 per cent increase in net income last year, in line with analysts’ predictions, as fervour over AI agents grips China.

A man walks past the Tencent headquarters in Shenzhen, in China’s southern Guangdong province. Photo: AFP
A man walks past the Tencent headquarters in Shenzhen, in China’s southern Guangdong province. Photo: AFP
Banking & finance

Iran conflict drives fund managers to slash risk and hoard cash: BofA survey

Fund managers pile into cash at fastest pace since Covid-19 as geopolitical tensions, inflation replace AI as top concerns, bank finds.

China stock market

Xi-Trump summit eyed for direction as Hong Kong, China stocks shaken by conflict

Markets await clarity on a summit, hoping it will steady Hong Kong and China equities as Middle East hostilities weigh on sentiment.

Artificial intelligence

Tencent makes OpenClaw-based tool available as WeChat mini-program

Company says users will be able to use mini-program to send commands from smartphones to PCs via audio messages and images.

Tencent has made QClaw a WeChat mini- program as it promotes its OpenClaw AI agent. Photo: Handout
Hong Kong stock market

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.

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

Tencent and Alibaba quarterly earnings preview: key things to watch

Analysts expect steady growth, but investors will focus on AI strategy, capex and signs of monetisation at China’s tech giants.

Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

Drones

China leads world in anti-drone patent race with US far behind, law firm finds

Patent filings for anti-drone technology surged 27 per cent last year amid rising global security concerns, says Mathys & Squire.

A police officer presents an anti-drone gun during the Railway Police Open Day at Hankou Railway Station in Wuhan, Hubei province. Photo: Getty Images
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