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The CATL exhibition hall. as this month’s World Power Battery Conference in Yibin, Sichuan province. Photo: Xinhua
Electric & new energy vehicles

Chinese EV battery giant CATL starts trial production in Hungary

Analyst says development could see it secure massive orders from global marques such as BMW and Volkswagen.

Semiconductors

China’s Hygon expands into physical AI with new chips for robots and factories

Huawei

Huawei’s mobile chip narrows gap with Apple through Tau Scaling Law: Bernstein

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Hong Kong property

Amazon, Shorea Capital deals underscore foreign interest in commercial property

Shorea plans to turn The Pemberton in Sheung Wan into high-quality accommodation; Amazon Data Services snaps up two data centres in Fanling.

Sheung Wan, Hong Kong. Photo: Jonathan Wong
Sheung Wan, Hong Kong. Photo: Jonathan Wong
IPO

Mainland Chinese optical tech firm gains in debut amid Hong Kong spin-off wave

Ligent’s steady market debut comes as Hong Kong moves to streamline spin-off requirements.

Swire Group

Swire Coca-Cola gets robots for heavy lifting in demanding China market

New automated facility to help meet increasingly diverse demand across emerging sales channels, company says.

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China property

Hong Kong’s New World gets nod to spin off K11 Shanghai assets

Shanghai listing of Reit worth US$570 million will ‘recycle capital for more value-accretive projects’, analyst says.

A view of Shanghai K11 Art Mall. Photo: Handout
A view of Shanghai K11 Art Mall. Photo: Handout
Wealth management

Can Hong Kong win the race to manage Asia’s next generation of wealth?

City courts next-generation wealth as family businesses reinvent themselves and deploy capital into new sectors and markets.

CATL

Despite stock stress, CATL set to retain EV battery dominance in China: analysts

CATL’s tech edge and brand safeguard its EV battery lead, though carmakers are seeking alternative suppliers.

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Hong Kong property

Once the world’s most-visited city, Hong Kong now converts hotels to dorm rooms

As the city positions itself as a global education hub, hotels are being converted into premises for student occupation.

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A view of Victoria Harbour with Central Plaza and the Hong Kong Convention and Exhibition Centre in Wan Chai in the background. Photo: Dickson Lee
World Gold Council

As China’s consumption of gold jewellery slumps 34%, sellers pivot abroad: WGC

Domestic gold jewellers are seeking to leverage advanced crafting techniques as market sees turbulence, says World Gold Council executive.

A pure gold decorative fan ornament at the Jewellery & Gem World Hong Kong fair at Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Kit Lai
A pure gold decorative fan ornament at the Jewellery & Gem World Hong Kong fair at Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Kit Lai
Semiconductors

Chinese AI chipmaker Hygon plots expansion to robotics market

New chip targets range of physical AI applications, where machines interact directly with their environments.

Semiconductors

China’s CXMT touts new chip process as close to ‘world’s most advanced’

Fifth-generation process narrows gap with global leaders Samsung and SK Hynix as the DRAM maker shows two 24-gigabit chips.

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China property

Will incentives give China’s housing market more than a short-lived rebound?

Sales of new units in cities like Shanghai and Shenzhen have risen following central government moves designed to revive buyer confidence.

Blocks of high-rise flats in Shanghai. Photo: JPix/NurPhoto via Getty Images
China consumption

How Perfect Diary owner Yatsen plans to give its business a glow-up

The Chinese beauty firm has snapped up a string of overseas skincare brands, but it now plans to focus on expanding its existing portfolio.

Customers browse cosmetics at a Perfect Diary store in Shanghai. Photo: Getty Images
Customers browse cosmetics at a Perfect Diary store in Shanghai. Photo: Getty Images
Electric & new energy vehicles

Tesla auditing Chinese suppliers ahead of Optimus roll-out: sources

The supplier audits come as Elon Musk’s firm aims to quickly ramp up production of its Optimus humanoid robot after its release later this year.

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International Property

Asia-Pacific firms divided on how AI will impact office space demand: survey

AI currently has a more significant impact on office operations than on real estate requirements, CBRE says.

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Biomedicine: Policy

Biomedicine powerhouse: China targets quarter of global first-in-class drugs

New five-year plan aims to turn the sector into a pillar industry by 2030, driven by breakthroughs in technologies across critical fields.

The plan sets 10 targets, including requiring large pharmaceutical enterprises to generate combined revenue of no less than 3.5 trillion yuan. Photo: Shutterstock
The plan sets 10 targets, including requiring large pharmaceutical enterprises to generate combined revenue of no less than 3.5 trillion yuan. Photo: Shutterstock
Banking & finance

Double blow as top HSBC bankers lose education perk as job fears mount: sources

HSBC axes education benefits worth up to HK$300,000 as integration with Hang Seng Bank threatens jobs – but investors stay upbeat.

Biomedicine: Companies

ByteDance spin-off Anew Labs raises US$290m amid AI drug design fundraising boom

As AI’s role in drug design advances rapidly, Chinese start-ups are ramping up fundraising efforts.

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Retailing

How major sporting events are becoming part of Hong Kong’s mall retail playbook

Mall operators are expanding sports-themed campaigns and experiences as retailers fight for consumer attention.

Malls use major sporting events to draw visitors and support tenant sales. Photo: Sun Yeung
China consumption

Pets and personal touches: how China’s luxury hotel market is changing

Today’s Chinese guests expect hotels to offer cultural experiences, personalised touches and a pet-friendly environment, Hang Lung director says.

A view of a hotel room at Hilton’s new Xi Zhe Wuxi hotel in Wuxi, Jiangsu province. Photo: Handout
A view of a hotel room at Hilton’s new Xi Zhe Wuxi hotel in Wuxi, Jiangsu province. Photo: Handout
Artificial intelligence

China’s Z.ai raises revenue target 25% after US$5 billion cash injection

The AI firm said its computing power bottleneck was no longer a ‘primary constraint’ thanks to its fresh US$5 billion war chest.

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Artificial intelligence

As appetite for US rivals grows, global funds flock to China’s Moonshot: sources

Start-up draws intense international interest through offshore vehicles chasing alternatives to US systems, insiders say.

ByteDance

How ByteDance’s AI-enhanced short-drama app leapfrogged Chinese streaming giants

Acknowledging format’s popularity, award-winning director Jia Zhangke defends short dramas as valid art that can move audiences.

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The headquarters of ByteDance in Beijing. Photo: AFP
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