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China Future Tech

The Tesla Gigafactory in Lingang new area outside Shanghai. Photo: Xinhua

China Business

Tesla China deliveries drop as buyers favour cheaper domestic models

A sales increase in March proves short-lived, as April deliveries by the company’s Shanghai factory plunge nearly 26 per cent.

6 hours agovideocam

DeepSeek’s AI system gets faster with Tencent’s open-source boost

7 May 2025 - 9:00PMvideocam

Geely Auto offers to buy full control of Zeekr, delist EV unit from NYSE

7 May 2025 - 8:21PMvideocam

Business

Brisk Hong Kong home buying continues with third Sierra Sea sellout

Buyer confidence ‘will significantly strengthen’ and first-hand transactions this month are ‘bound to increase’, Centaline CEO says.

7 May 2025 - 7:46PM

Potential buyers queue up for the property sale of Sun Hung Kai Properties’ Sierra Sea at the International Commerce Centre on May 3, 2025. Photo: Elson Li

Banking & Finance

HSBC revamps Hong Kong mobile app to boost user experience, convenience

HSBC has about 6.2 million customers in Hong Kong; its active mobile user base almost doubled between 2020 and 2024.

7 May 2025 - 7:58PM

Business

Chinese actress Zhao Wei’s former Hong Kong home fails to sell at an auction

Zhao and her husband bought a 3,494 sq ft duplex at The Westminster Terrace in Tsuen Wan in 2012 for HK$72 million.

7 May 2025 - 9:15PM

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Business

China’s Country Garden borrows from services unit to finish homes

Country Garden Services loans 1 billion yuan (US$138 million) to entities controlled by group’s chairwoman Yang Huiyan, filing says.

7 May 2025 - 5:25PM

The logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai on August 9, 2023. Photo: Reuters

Big Tech

Alibaba teams up with social media platform RedNote in fresh e-commerce push

The cross-platform alliance allows consumers to find products via RedNote, which redirects them to buy the goods on Taobao and Tmall.

5 hours ago

Big Tech

AMD warns of US$1.5 billion China sales hit despite rosier 2025 outlook

An export restriction imposed in April targeting AMD’s MI308 chips has taken a toll, but new chips are expected to boost sales in the second half.

7 May 2025 - 3:00PM

Markets

China’s stock regulator pledges ‘high-level opening’, streamlined listings

CSRC to help high-quality firms listed overseas offer shares in mainland China and Hong Kong, chairman Wu Qing says.

7 May 2025 - 2:26PM

Wu Qing, chairman of the China Securities Regulatory Commission. Photo: SCIO

Tech War

For Nvidia, losing China’s AI market would be ‘tremendous loss’, CEO says

China’s AI market is likely to grow to US$50 billion in the next two to three years, Huang told US broadcaster CNBC.

7 May 2025 - 2:00PM

Nvidia CEO Jensen Huang is working to preserve his company’s business in the world’s second-largest economy. Photo: Reuters

Blockchain

Bitcoin gains as crypto investors bet on positive US-China trade talks

The rally followed news that the US treasury secretary and trade representative will meet with the Chinese government in Switzerland this week.

7 May 2025 - 1:47PM

Business

Hong Kong stocks rise ahead of US-China trade talks in Switzerland

Hong Kong stocks rise as US-China trade talks seek de-escalation, boosting Hang Seng Index.

7 May 2025 - 5:39PM

Entertainment

Is Apple TV+’s quality-over-quantity streaming strategy working?

Apple TV+ has a reputation for making expensive, big-name, high-quality content, but some question whether it’s a sound business strategy.

7 May 2025 - 11:15AMvideocam

Olivia Wilde (left) and Seth Rogen in a still from Apple TV+ series The Studio. In the first episode, Martin Scorsese’s character has a film project killed by Rogen’s studio chief and wishes he had sold it to Apple, neatly encapsulating the streaming platform’s reputation. Photo: TNS

Business

Explainer | What’s in store for homebuyers as HKMA intervenes in currency market

Sloshing liquidity is likely to pressure Hong Kong dollar interbank rates, trimming costs on home mortgages.

7 May 2025 - 7:32AM

The HKMA says increased liquidity will push down Hong Kong dollar interest rates. Photo: Shutterstock

China EVs

Auto Shanghai: Chinese EV makers post record holiday sales amid Tesla’s no-show

Leapmotor recorded its best-ever one day sales on Monday; Geely Auto saw unprecedented buying spree during ‘golden week’ holiday.

6 May 2025 - 9:31PMvideocam

Banking & Finance

Hong Kong watchdog charges 7 linked to Macau builder’s IPO

Four financial professionals and three of their relatives face charges in case related to Huarchi Global Group’s 2019 IPO, ICAC says.

6 May 2025 - 8:42PM

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

27 Apr 2025 - 9:43AMvideocam

illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

19 Apr 2025 - 11:00AM

China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

14 Apr 2025 - 7:21PMvideocam

China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

17 Apr 2025 - 6:45PMvideocam

Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP

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Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds

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