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China Business

A Unitree G1 robot enters the ring at a humanoid combat competition in Singapore on October 7. Photo: Reuters
Robotics

Unitree sees quarterly profit jump, but AI investment weighs on core earnings

Unitree reports a 70 per cent revenue jump in the third quarter, but surging research and development costs weigh on core profits.

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Biomedicine: Industry Trends

Chinese drug sector’s stature grows at major cancer conference

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Yuan

Yulan bond debuts in Dubai amid Beijing’s yuan-denominated asset push

China stock market

Massive state buying can’t reverse China’s stock slide, analysts warn

The ‘national team’ may have poured in US$25 billion this month, but real recovery depends on the economy, investment banks say.

Closing index prices of Chinese stocks are displayed on a smartphone in Haian, in eastern China’s Jiangsu province, on October 27, 2026. Photo: CFOTO/Future Publishing via Getty Images
Closing index prices of Chinese stocks are displayed on a smartphone in Haian, in eastern China’s Jiangsu province, on October 27, 2026. Photo: CFOTO/Future Publishing via Getty Images
Banking & finance

Standard Chartered shares close 7.6% higher after earnings beat forecast

Wealth management and cross-border lending help offset property and geopolitical provisions.

Electric & new energy vehicles

‘Awfully bleak’: why global carmakers keep losing ground in China’s vast market

Carmakers are scrambling to revamp their strategies as China’s cash-strapped consumers turn away from expensive foreign brands.

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China consumption

China’s Pop Mart reports 45 to 50% revenue decline as Labubu sales weaken

The steep drop in digital and overseas operations comes as investors question the long-term demand for the collectible dolls.

A Pop Mart shop in Shanghai displays a Labubu toy. Photo: AFP
A Pop Mart shop in Shanghai displays a Labubu toy. Photo: AFP
Millionaires, billionaires and trillionaires

How AI powered ByteDance’s founder to a record fortune and drove wealth surge

DeepSeek’s Liang Wenfeng debuts on the China list at No 7 as AI chipmaker Cambricon’s Chen Tianshi breaks into the top 10.

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Banking & finance

‘Depth and breadth’, strong liquidity anchor China stock outlook: JPMAM

China, Hong Kong stocks lag regional AI rally but outlook remains positive as selective stock-picking uncovers double-digit growth.

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Artificial intelligence

Moonshot apologises after botched Kimi K3.1 Pro launch, restores user quotas

It is not the first time the Chinese AI start-up has faced challenges serving its models because of computing constraints.

All active subscribers will receive a one-time usage reset restoring 25 per cent of their monthly quota, equivalent to about a week’s usage, according to Moonshot. Photo: AFP
Hong Kong stock market

China stocks could slide 15% before bottom, Morgan Stanley says

Quick rebound from last week’s drop unlikely as conditions exacerbate ‘negative momentum’, investment bank says.

Sentiment will not recover soon even though the room for further downside is limited, according to UBS Group. Photo: CFOTO/Future Publishing via Getty Images
Sentiment will not recover soon even though the room for further downside is limited, according to UBS Group. Photo: CFOTO/Future Publishing via Getty Images
China’s private sector

Chinese biotech giant WuXi AppTec raises 2026 outlook after profit surge

Strong demand for drug development drove the forecast, though the firm faces ongoing scrutiny from Washington.

Biomedicine: Geopolitics

Could new US investment curbs complicate China’s biotech licensing surge?

Licensing deals untouched for now, but proposed US investment rules and new Chinese export curbs may impact biotech expansion, analysts say.

China stock market

Weak earnings outlook further pressures China’s bearish stock market

Earnings growth probably slowed in third quarter, dragged by industries ranging from consumer goods to green energy, brokerage says.

A woman shops in Beijing, on October 14, 2026. Photo: EPA
Wealth management

Goldman Sachs steps up Asia hiring as wealthy clients eye US assets for diversification

Wall Street investment bank’s global co-head of wealth management says it is ‘very committed to hiring more advisers in the region’.

Nishi Somaiya, Goldman Sachs’ global co-head of wealth management, in Hong Kong this month. Photo: Silvia Siu
Nishi Somaiya, Goldman Sachs’ global co-head of wealth management, in Hong Kong this month. Photo: Silvia Siu
Electric & new energy vehicles

BYD to build new factories in Europe to beat trade barriers aimed at Chinese EVs

The world’s largest EV maker said it would not let EU tariff hikes and quotas on hybrid imports from China impact customers’ vehicle choices.

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China property

What’s next for Hong Kong developers in mainland China?

The city’s developers are turning to other sources of income amid a prolonged housing downturn on the mainland.

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International Property

Sri Lanka’s property boom gives Chinese developers hope. But old risks linger

Colombo’s luxury property rally is drawing fresh interest from Chinese-backed developments, but analysts warn against speculative excess.

Speculative excess may lead to a boom-to-bust scenario, particularly in a country like Sri Lanka where regulation remains uneven, according to analysts. Photo: Getty Images
Speculative excess may lead to a boom-to-bust scenario, particularly in a country like Sri Lanka where regulation remains uneven, according to analysts. Photo: Getty Images
Banking & finance

Good morning Vietnam: Chinese brokers eye springboard for overseas expansion

Vietnam is still viewed as a prime location for Chinese companies looking to expand overseas and strengthen trade ties with Southeast Asia.

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Banking & finance

Citigroup gets Beijing’s approval for wholly owned securities firm in China

Long-awaited move to make Citi seventh foreign securities firm owner in mainland China, where stock markets are worth US$15.6 trillion.

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Robotics

China’s humanoid robots go job hunting in South Korea

Chinese firms test humanoid robots in South Korean factories and cafes as the country races to build a physical AI ecosystem.

Chinese start-up Anyverse Dynamics teamed up with Korean coffee chain Hollys to test robots that serve drinks, clear tables and reset seats at the World Robot Conference in August in Beijing. Photo: Handout
China stock market

Chinese stocks bounce back from bear market on suspected state support

CSI 300 wipes out losses of as much as 2 per cent as key ETF trading volumes surge, indicating possible state-backed buying.

Data from a Chinese stock index is displayed on an investor’s mobile phone. Photo: Getty Images
Data from a Chinese stock index is displayed on an investor’s mobile phone. Photo: Getty Images
Banking & finance

Despite greater oversight, China’s investors continue pivot to offshore assets

Property values and low bank deposit rates in China are fuelling demand for wealth management alternatives, Moody’s says.

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Mainland China

China expands tax workforce as tougher enforcement moves into spotlight

Recruitment drive for tax officers comes amid tougher scrutiny of corporate taxes and offshore wealth structures.

Wealth management

China targets offshore trusts in widening push for taxes

Wealthy individuals faced a Thursday deadline to make tax payments tied to offshore trusts as a grace period came to an end.

Photo: Dickson Lee
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