https://www.scmp.com/rss/10/feed Corporate business news on companies from Hong Kong and overseas. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Xinmei Shen Xinmei Shen Efforts to detect multiple cancers through a single blood draw are gathering momentum after US regulators endorsed the technology for the first time, although experts say wider adoption in Hong Kong still faces challenges as doctors remain cautious about its clinical value. In a landmark decision for the emerging field of multi-cancer early detection (MCED) blood tests, a US Food and Drug Administration (FDA) panel on Thursday voted in favour of US company Grail’s “Galleri test”, recommending it... https://www.scmp.com/business/companies/article/3368665/us-regulators-back-multi-cancer-blood-test-hong-kong-doctors-remain-cautious?utm_source=rss_feed https://www.scmp.com/business/companies/article/3368665/us-regulators-back-multi-cancer-blood-test-hong-kong-doctors-remain-cautious?utm_source=rss_feed Thu, 24 Sep 2026 10:05:00 +0000 Iris Deng Iris Deng Tencent Holdings on Thursday launched TenPayGo, a mobile payment app targeting foreign visitors, as the tech giant seeks to capture China’s growing inbound tourism market ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen. Developed by Tencent’s WeChat Pay team, TenPayGo allowed international travellers to make payments at tens of millions of shops, restaurants and attractions across the WeChat Pay network by linking their credit cards or their home-country digital wallets... https://www.scmp.com/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed Thu, 24 Sep 2026 05:19:05 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It... https://www.scmp.com/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed Wed, 23 Sep 2026 06:00:04 +0000 Iris Deng Iris Deng Chinese chipmaker Hygon Information Technology on Tuesday launched a suite of central processing units (CPUs) for robotics and industrial edge devices, expanding beyond cloud computing and into the fast-growing market for physical artificial intelligence. The firm unveiled its Hygon 1000 series processors, designed to be embedded into physical devices in industrial automation systems such as robotics and factory controllers, enabling computing and graphics processing to be handled locally. Built... https://www.scmp.com/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed Tue, 22 Sep 2026 14:30:09 +0000 Howard Liu Howard Liu Huawei Technologies’ latest smartphone processor, the Kirin 9050 Pro, unveiled earlier this month, has narrowed its gap with Apple’s chips to about three years, from roughly four years in the previous generation, according to equity research firm Bernstein. The chip, which Bernstein estimated was produced using technology equivalent to a 7-nanometre process node, outperformed Apple’s 3nm A17 Pro in Geekbench 6 multicore tests, a widely used benchmark that measures how effectively processors... https://www.scmp.com/tech/tech-trends/article/3368404/chinas-huawei-trims-mobile-chip-gap-apple-tau-scaling-law-pays-bernstein?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368404/chinas-huawei-trims-mobile-chip-gap-apple-tau-scaling-law-pays-bernstein?utm_source=rss_feed Tue, 22 Sep 2026 12:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents. Shorea won the tender for The Pemberton, a mixed office and retail property in Sheung Wan, for an undisclosed amount, Colliers said, underscoring Southeast Asian investors’ continuing robust demand for real estate assets in Hong Kong. Colliers was the lead agent and broker for the... https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed Tue, 22 Sep 2026 10:00:06 +0000 Zoe SL Chan Zoe SL Chan Television maker Hisense Group Holdings’ optical communications unit made a steady debut in Hong Kong after raising HK$5.6 billion (US$714 million), adding momentum to a fresh wave of mainland Chinese conglomerates spinning off business units to tap overseas capital and support technology expansion. Shares of fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2 per cent on Tuesday morning, valuing the company at more than HK$35 billion. The stock pared early... https://www.scmp.com/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed https://www.scmp.com/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed Tue, 22 Sep 2026 06:33:33 +0000 Zhu Wenqian Zhu Wenqian Chinese consumers are demanding more variety from the drinks sections in their local stores, and Swire Coca-Cola is employing robots to help quench this increasingly diversified thirst. The company began using a robotic system for order picking this month in a factory in Zhengzhou, capital of central China’s Henan province, where it has invested 900 million yuan (US$134.3 million). “China is a growth market, and consumer habits are changing,” said Peter Mills, chief supply chain officer of Swire... https://www.scmp.com/business/china-business/article/3368217/swire-coca-cola-gets-robots-heavy-lifting-satisfying-chinese-consumers-thirst?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368217/swire-coca-cola-gets-robots-heavy-lifting-satisfying-chinese-consumers-thirst?utm_source=rss_feed Mon, 21 Sep 2026 23:00:05 +0000 Cheryl Arcibal Cheryl Arcibal New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the... https://www.scmp.com/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed https://www.scmp.com/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed Mon, 21 Sep 2026 12:00:12 +0000 Daisy Wu Daisy Wu Hong Kong is strengthening its position as Asia’s hub for family business succession and cross-border capital allocation as wealthy families navigate economic uncertainty and a generational transfer of wealth, financial regulators and industrial executives said on Monday. Speaking at the South China Morning Post’s Redefining Hong Kong: Next Generation Wealth Conference, Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim highlighted what he described as the city’s unique... https://www.scmp.com/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed Mon, 21 Sep 2026 11:00:28 +0000 Themis Qi Themis Qi Contemporary Amperex Technology Limited’s (CATL) dominance in the Chinese electric vehicle (EV) market is unlikely to slump over the coming year given its brand recognition and edge in technology, analysts said, though its shares have already tumbled amid the battle with profit-squeezed EV makers. Chinese carmakers have been doubling down on efforts in recent weeks to reduce their reliance on CATL – in September, Xiaomi and Li Auto highlighted their partnership with tier-two battery... https://www.scmp.com/business/china-business/article/3368231/despite-stock-stress-catl-likely-retain-ev-battery-dominance-china-analysts-say?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368231/despite-stock-stress-catl-likely-retain-ev-battery-dominance-china-analysts-say?utm_source=rss_feed Mon, 21 Sep 2026 08:04:55 +0000 Cheryl Arcibal Cheryl Arcibal Late last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids. The 598-room hotel, located in Hong Kong’s eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder. Just a week after the announcement of the tender, Nina Hospitality, one of the largest... https://www.scmp.com/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms?utm_source=rss_feed https://www.scmp.com/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms?utm_source=rss_feed Mon, 21 Sep 2026 07:00:06 +0000 Themis Qi Themis Qi Chinese gold jewellers are seeking opportunities in the Middle East and India, leveraging their advanced crafting technologies as the industry struggles amid the precious metal’s price volatility, according to an international association for the sector. At the most recent Jewellery & Gem World Hong Kong fair, buyers from the two regions accounted for most visitors, said Wang Lixin, China CEO of the World Gold Council, in a recent interview with the South China Morning Post. The interest was... https://www.scmp.com/business/commodities/article/3368110/chinese-consumption-gold-jewellery-slumps-34-sellers-look-markets-abroad-wgc?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3368110/chinese-consumption-gold-jewellery-slumps-34-sellers-look-markets-abroad-wgc?utm_source=rss_feed Mon, 21 Sep 2026 02:00:39 +0000 Ann Cao Ann Cao Chinese chipmaker Hygon Information Technology is set to release a new chip targeting complex real-world applications including robotics, an expansion from its current focus on data centres. The product launch, slated for Tuesday, marks Hygon’s move into a new chip category powering machines that interact directly with their environments, as physical artificial intelligence becomes increasingly important. The new chip, an iteration of the company’s CPU1000 series, is designed to meet “low-power,... https://www.scmp.com/tech/tech-trends/article/3368168/chinese-ai-chipmaker-hygon-plots-expansion-data-centres-robotics?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368168/chinese-ai-chipmaker-hygon-plots-expansion-data-centres-robotics?utm_source=rss_feed Mon, 21 Sep 2026 00:30:10 +0000 Ann Cao Ann Cao Chinese memory chip giant Changxin Memory Technologies (CXMT) said on Sunday that it adopted its new-generation technology platform for mass production, narrowing the advantage of global leaders including Samsung Electronics and SK Hynix in manufacturing nodes. CXMT’s fifth-generation technology platform, dubbed G5, achieved a “quantum leap” in storage density, with the number of dies produced per wafer increasing by at least 50 per cent from the previous generation while maintaining better... https://www.scmp.com/tech/article/3368154/chinas-cxmt-touts-new-chip-manufacturing-platform-close-worlds-most-advanced?utm_source=rss_feed https://www.scmp.com/tech/article/3368154/chinas-cxmt-touts-new-chip-manufacturing-platform-close-worlds-most-advanced?utm_source=rss_feed Sun, 20 Sep 2026 10:30:05 +0000 Daniel Ren Daniel Ren Property brokers in China’s major cities are expecting busier days as would-be homebuyers take a cue from a recent policy shift by Beijing aimed at reviving the slumbering real estate market. Some say they are being swamped by inquiries and are trying to seal as many deals as possible amid a recovery in confidence, while others are keeping their fingers crossed for more government stimulus to sustain the growing momentum. “Government support always holds the key to the performance of the home... https://www.scmp.com/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed Sun, 20 Sep 2026 03:00:09 +0000 Yulu Ao Yulu Ao Yatsen Group, the Chinese beauty company behind Perfect Diary cosmetics, plans to deepen its push into skincare and new product research to sustain its growth, after a years-long overhaul of its business that has seen the firm acquire a string of overseas brands. The Guangzhou-based company will slow its acquisition spree for now and instead focus on expanding its existing portfolio of skincare offerings, while maintaining – and potentially raising – its research and development spending, which... https://www.scmp.com/business/china-business/article/3368008/perfect-diary-owner-yatsen-doubles-down-skincare-rd-after-business-overhaul?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368008/perfect-diary-owner-yatsen-doubles-down-skincare-rd-after-business-overhaul?utm_source=rss_feed Sat, 19 Sep 2026 01:00:10 +0000 Daniel Ren Daniel Ren Tesla officials and engineers have begun auditing part of the firm’s Chinese supply chain, as Elon Musk’s company aims to quickly ramp up production of its Optimus humanoid robot after it hits the global market later this year, according to sources with knowledge of the matter. Chinese companies set to undergo supplier audits included heat-control component manufacturer Zhejiang Sanhua Intelligent Controls, auto parts supplier Ningbo Joyson Electronic, and chassis producer Tuopu Group, two... https://www.scmp.com/business/companies/article/3368053/tesla-auditing-chinese-suppliers-ahead-optimus-roll-out-sources?utm_source=rss_feed https://www.scmp.com/business/companies/article/3368053/tesla-auditing-chinese-suppliers-ahead-optimus-roll-out-sources?utm_source=rss_feed Fri, 18 Sep 2026 12:44:33 +0000 Cheryl Arcibal Cheryl Arcibal Nearly one-fifth of surveyed companies in the Asia-Pacific region believe wider adoption of artificial intelligence will reduce their real estate needs, a new study by CBRE has found. More than half – 56 per cent – held a neutral view, believing either that AI had no impact on office space demand or that it was too early to determine its effect, according to the property consultancy’s poll of corporate real estate executives in the region. The remaining 25 per cent said AI adoption would require... https://www.scmp.com/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey?utm_source=rss_feed https://www.scmp.com/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey?utm_source=rss_feed Fri, 18 Sep 2026 10:00:06 +0000 Xinmei Shen Xinmei Shen China has set its sights on becoming a global biomedicine powerhouse by 2030, targeting key technological breakthroughs and at least a quarter of the world’s first-in-class drugs market under a new five-year plan for the sector. By the end of the decade, China would “firmly rank at the global forefront” in biopharmaceutical research and development and applications, with its “core competitiveness” and international influence making a significant leap, authorities said on Friday. The biomedical... https://www.scmp.com/business/china-business/article/3367952/how-china-plans-firmly-rank-global-forefront-25-first-class-drugs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3367952/how-china-plans-firmly-rank-global-forefront-25-first-class-drugs?utm_source=rss_feed Fri, 18 Sep 2026 08:00:06 +0000 Enoch Yiu Enoch Yiu Senior bankers at HSBC are facing a double blow of losing a key employment benefit while also confronting potential job losses as the lender carries out a range of measures to cut costs and achieve fair treatment for all staff, according to sources. HSBC, the biggest lender in Hong Kong, will scrap an education subsidy programme for all newly hired or newly promoted senior executives from Friday, according to an internal memo seen by the South China Morning Post. Employees who were already in... https://www.scmp.com/business/banking-finance/article/3367976/senior-hsbc-bankers-face-double-blow-school-fee-subsidy-cut-adds-job-risks-sources?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3367976/senior-hsbc-bankers-face-double-blow-school-fee-subsidy-cut-adds-job-risks-sources?utm_source=rss_feed Fri, 18 Sep 2026 06:51:50 +0000 Xinmei Shen Xinmei Shen China is seeing a fresh fundraising boom for artificial intelligence-powered drug developers, with start-ups including a ByteDance spin-off raising hundreds of millions of dollars this week as investors rush to back domestic challengers to Anthropic and Isomorphic Labs. Anew Labs, a Shanghai-based AI drug discovery firm and former unit of Chinese tech giant ByteDance, has raised US$290 million at a valuation of US$1.5 billion, according to an informed source. Investors included prominent venture... https://www.scmp.com/business/china-business/article/3367926/bytedance-spin-anew-labs-raises-us290m-ai-drug-developers-enjoy-fundraising-boom?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3367926/bytedance-spin-anew-labs-raises-us290m-ai-drug-developers-enjoy-fundraising-boom?utm_source=rss_feed Fri, 18 Sep 2026 03:00:08 +0000 Peggy Ye Peggy Ye Hong Kong shopping mall operators are extending a strategy used during this year’s Fifa World Cup into the Asian Games, leveraging major sporting events to draw visitors and support tenant sales as retailers face competition from Shenzhen, overseas shopping and online spending. Sino Group is among the landlords expanding the strategy beyond tournament broadcasts. It has projected foot traffic across its four malls to increase during its Asian Games campaign, with selected merchants forecast to... https://www.scmp.com/business/companies/article/3367822/hong-kong-malls-bet-asian-games-boost-footfall-tenant-sales-amid-spending-shifts?utm_source=rss_feed https://www.scmp.com/business/companies/article/3367822/hong-kong-malls-bet-asian-games-boost-footfall-tenant-sales-amid-spending-shifts?utm_source=rss_feed Thu, 17 Sep 2026 23:00:08 +0000 Daniel Ren Daniel Ren Chinese customers’ growing desire for personal expression and cultural experiences has raised the game in the country’s hospitality sector, creating opportunities for leading lifestyle hotel brands, according to a director at Hong Kong developer Hang Lung Properties. “An ideal hotel is the one that can redefine hospitality with personal touches,” said Herman Chui, the company’s senior director of office, hotel and residence, during a media briefing on Wednesday. “Guests can select a teapot to... https://www.scmp.com/business/china-business/article/3367898/pets-and-personal-touches-how-chinas-luxury-hotel-market-changing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3367898/pets-and-personal-touches-how-chinas-luxury-hotel-market-changing?utm_source=rss_feed Thu, 17 Sep 2026 13:53:23 +0000 Ann Cao,Minxiao Chang Ann Cao,Minxiao Chang Chinese artificial intelligence developer Z.ai has raised its year-end annual recurring revenue (ARR) outlook by 25 per cent to US$3 billion, as the firm indicated its fresh US$5 billion war chest had helped clear its computing capacity bottlenecks for the time being. The updated ARR projection, up from a previous estimate of about US$2.4 billion, was disclosed during an investor call on Wednesday, according to a transcript seen by the South China Morning Post. The revised guidance comes days... https://www.scmp.com/tech/tech-trends/article/3367755/chinas-zai-raises-revenue-target-25-after-us5-billion-cash-injection?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3367755/chinas-zai-raises-revenue-target-25-after-us5-billion-cash-injection?utm_source=rss_feed Wed, 16 Sep 2026 13:31:13 +0000 Wency Chen,Ben Jiang Wency Chen,Ben Jiang China’s Moonshot AI has attracted global investor interest spanning Europe, Asia and the Middle East, people familiar with the matter say, as international capital scrambles for access to Chinese frontier artificial intelligence labs, betting on their high-stakes race against US rivals. The Beijing-based developer of the Kimi family of AI models has seen mounting interest from overseas players ranging from European investment firms to Middle East family offices, with some seeking indirect... https://www.scmp.com/tech/big-tech/article/3367723/kimi-creator-moonshot-draws-global-investors-seeking-top-tier-chinese-ai-developers?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3367723/kimi-creator-moonshot-draws-global-investors-seeking-top-tier-chinese-ai-developers?utm_source=rss_feed Wed, 16 Sep 2026 10:46:58 +0000 Ben Jiang Ben Jiang TikTok parent ByteDance has scored another hit in China with Hongguo, an artificial intelligence-powered short-drama platform. Launched in 2023, Hongguo quickly became a household name by riding China’s short-drama boom. A surge in AI-generated content propelled it past some of the country’s biggest professional streaming platforms, while iterations of AI-animated dramas – using AI video models including ByteDance’s Seedance – gave it further lift. Hongguo has overtaken the country’s four... https://www.scmp.com/tech/tech-trends/article/3367664/bytedances-ai-enhanced-short-drama-app-eclipses-chinas-netflix-rivals-combined?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3367664/bytedances-ai-enhanced-short-drama-app-eclipses-chinas-netflix-rivals-combined?utm_source=rss_feed Wed, 16 Sep 2026 06:00:50 +0000 Cheryl Arcibal Cheryl Arcibal Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills. As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far this year, data compiled by the property consultancy showed. Southeast Asian investors contributed... https://www.scmp.com/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property?utm_source=rss_feed https://www.scmp.com/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property?utm_source=rss_feed Wed, 16 Sep 2026 00:00:24 +0000 Daisy Wu Daisy Wu Wealth management provider Wrise Prestige is stepping up its investment in artificial intelligence technology as the firm looks to expand its footprint on the Chinese mainland and power its next phase of growth. The Singapore-headquartered firm planned to open an AI laboratory in Guangzhou next month to house its technology team, following a HK$30 million internal investment in AI-related development, senior executives said during a media briefing marking the company’s second anniversary in Hong... https://www.scmp.com/business/banking-finance/article/3367615/wrise-prestige-accelerates-mainland-china-expansion-new-offices-ai-lab?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3367615/wrise-prestige-accelerates-mainland-china-expansion-new-offices-ai-lab?utm_source=rss_feed Tue, 15 Sep 2026 11:09:14 +0000 Themis Qi Themis Qi Two Chinese state-owned carmakers, Guangzhou Automobile Group (GAC) and FAW Group, are weighing a restructuring that could integrate their joint venture operations with Japanese giant Toyota, industry insiders say, following Beijing’s call for consolidation amid weakening domestic demand. GAC planned to acquire part of FAW’s equity in a joint venture vehicle manufacturer through a share issuance and raise supporting funds, the Guangzhou-based carmaker said in an exchange filing on Monday night,... https://www.scmp.com/business/china-evs/article/3367538/gac-shares-jump-faw-tie-plans-amid-beijing-drive-car-industry-mergers?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3367538/gac-shares-jump-faw-tie-plans-amid-beijing-drive-car-industry-mergers?utm_source=rss_feed Tue, 15 Sep 2026 05:00:26 +0000 Zoe SL Chan Zoe SL Chan Hong Kong’s younger generation of tycoons is becoming increasingly active in the city’s initial public offering market through family offices and private investments. But their investments extend beyond the property and traditional financial sectors associated with their predecessors, into technology and digital finance. Prominent business leaders Cheng Chi-heng of New World Development and Peter Lee Ka-kit of Henderson Land participated as cornerstone investors in Shenzhen Forms Syntron... https://www.scmp.com/business/banking-finance/article/3367464/forms-syntron-draws-hong-kongs-next-gen-tycoons-hk940-million-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3367464/forms-syntron-draws-hong-kongs-next-gen-tycoons-hk940-million-ipo?utm_source=rss_feed Mon, 14 Sep 2026 09:51:21 +0000 Frank Chen Frank Chen The shipbuilding and maintenance arm of state-owned marine transport giant China Cosco Shipping has completed initial public offering (IPO) guidance registration, paving the way for a domestic listing to capitalise on a global shipbuilding boom. Cosco Shipping Heavy Industry finished its pre-IPO registration and preparations, according to information released on the China Securities Regulatory Commission website on Saturday. Specialising in cargo and container vessels, the unit offers... https://www.scmp.com/economy/article/3367409/cosco-shipping-arm-readies-china-ipo-capitalise-global-shipbuilding-wave?utm_source=rss_feed https://www.scmp.com/economy/article/3367409/cosco-shipping-arm-readies-china-ipo-capitalise-global-shipbuilding-wave?utm_source=rss_feed Mon, 14 Sep 2026 07:00:08 +0000 Julie Zhang Julie Zhang British pharmaceutical company GSK is turning to patient data gathered from the 88 million residents of the Greater Bay Area’s 11 cities to speed up drug development in vaccines and cancer care, as officials push for closer cross-border medical cooperation. GSK Hong Kong and Macau general manager Nicholas Teo said patient data was very important because it could form “supplementary evidence” to support regulatory filings and potential label expansions, and also help to “discover benefits other... https://www.scmp.com/business/companies/article/3367404/data-greater-bay-areas-88-million-residents-help-improve-healthcare-policy-gsk?utm_source=rss_feed https://www.scmp.com/business/companies/article/3367404/data-greater-bay-areas-88-million-residents-help-improve-healthcare-policy-gsk?utm_source=rss_feed Mon, 14 Sep 2026 04:59:04 +0000 Mandy Zuo Mandy Zuo Weeks after sparking a nationwide outcry over its mass dismissal of recent college graduates, Xingyu – a major automotive lighting maker in eastern China – has severely penalised four of its executives and promised to help the former employees find new jobs. Two of the firm’s top executives received salary deductions and two human resources managers were dismissed or demoted for their “misjudgment and hasty decision-making”, the company said in a lengthy statement detailing its recent “mistake”... https://www.scmp.com/business/companies/article/3367249/how-one-companys-choice-resignation-or-factory-left-chinas-young-workers-floored?utm_source=rss_feed https://www.scmp.com/business/companies/article/3367249/how-one-companys-choice-resignation-or-factory-left-chinas-young-workers-floored?utm_source=rss_feed Mon, 14 Sep 2026 04:00:06 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Beijing has put a freeze on new approvals of production facilities for energy-storage batteries amid worries about excess supply and vicious price competition, according to industry officials. Companies had not been allowed to add new capacity since May, as key regulators like the Ministry of Industry and Information Technology (MIIT) stepped in to curb a construction spree that risked creating severe overcapacity despite rising demand from renewable-energy projects around the world, the sources... https://www.scmp.com/business/china-business/article/3367241/beijing-freezes-plant-approvals-energy-storage-batteries-amid-overcapacity-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3367241/beijing-freezes-plant-approvals-energy-storage-batteries-amid-overcapacity-fears?utm_source=rss_feed Fri, 11 Sep 2026 11:43:05 +0000 Ann Cao Ann Cao Ant International, the overseas affiliate of Chinese fintech giant Ant Group, is making a major bid to power the next phase of mobile payments: letting autonomous artificial intelligence agents handle your electronic wallet to make purchases. The company on Friday open-sourced its Agentic Mobile Protocol (AMP) on GitHub, effectively putting it forward as a potential global technical standard for how AI agents securely pay for real-world goods. AMP was built onto Ant International’s existing... https://www.scmp.com/tech/big-tech/article/3367183/ant-international-let-ai-agents-shop-across-alipayhk-starryblu-kakaopay-and-toss?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3367183/ant-international-let-ai-agents-shop-across-alipayhk-starryblu-kakaopay-and-toss?utm_source=rss_feed Fri, 11 Sep 2026 09:30:05 +0000 Yulu Ao Yulu Ao China’s buoyant stock market lifted brokers’ earnings in the first half, while Hong Kong saw continued growth in retirement assets. Beyond China, a strengthening yen and Washington’s Treasury buy-back programme highlighted shifting dynamics in global currency and bond markets. Here are some of the figures that have drawn the most market attention this week. Chinese brokerage revenue jumps more than 50 per cent Chinese brokerages saw revenue from their core business rise by more than 50 per cent... https://www.scmp.com/business/china-business/article/3367158/us-treasury-yield-hits-19-year-high-japanese-yen-strengthens-numbers-moving-markets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3367158/us-treasury-yield-hits-19-year-high-japanese-yen-strengthens-numbers-moving-markets?utm_source=rss_feed Fri, 11 Sep 2026 07:00:05 +0000 Zoe SL Chan Zoe SL Chan Yuen Kee Food Group, the owner of well-known restaurant brand Yuen Kee Dumpling, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), aiming to raise between HK$300 million (US$38.3 million) and HK$400 million, according to people familiar with the matter. The conclusion of the hearing marked its initial public offering (IPO) plan entering its final stage, and the company planned to kick off the offering in October, the sources said, who asked not to be named because... https://www.scmp.com/business/banking-finance/article/3367133/yuen-kee-food-enters-final-stage-hong-kong-ipo-after-hkex-approval-sources-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3367133/yuen-kee-food-enters-final-stage-hong-kong-ipo-after-hkex-approval-sources-say?utm_source=rss_feed Fri, 11 Sep 2026 03:12:21 +0000 Peggy Ye,Cheryl Arcibal Peggy Ye,Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong... https://www.scmp.com/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed Thu, 10 Sep 2026 12:26:14 +0000 Chong Ming Lee Chong Ming Lee DeepSeek has released its V4.1 Flash model, claiming it outperforms its previous flagship while cutting inference costs and boosting speeds – the latest salvo in China’s aggressive price-and-performance war. The Chinese artificial intelligence developer said on Thursday that V4.1 Flash used a new “Causal-Encoder-Decoder” architecture. While built on a massive 552 billion-parameter framework, it relies on a Mixture-of-Experts (MoE) design. In traditional AI, every query runs through the entire... https://www.scmp.com/tech/big-tech/article/3367051/deepseek-says-new-flash-ai-model-beats-kimi-k3-cyber-coding-benchmarks?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3367051/deepseek-says-new-flash-ai-model-beats-kimi-k3-cyber-coding-benchmarks?utm_source=rss_feed Thu, 10 Sep 2026 09:26:24 +0000 Cheryl Arcibal Cheryl Arcibal US investment firm Susquehanna International Group has agreed to lease more than 4,808 square metres (51,762 square feet) of office space at the Cheung Kong Center II, a prime office skyscraper developed by CK Asset Holdings in Hong Kong’s main business zone of Central, according to market sources. Neither Susquehanna nor CK Asset immediately replied to the South China Morning Post’s requests for comments. The new space would span three floors of the property, according to the... https://www.scmp.com/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed https://www.scmp.com/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed Wed, 09 Sep 2026 23:00:09 +0000 Peggy Ye Peggy Ye Digital bank ZA Bank is taking 45,000 square feet (4,181 square metres) across four upper floors at Hysan Development’s Lee Garden Eight for its new headquarters, adding to a wave of financial and technology companies reshaping Causeway Bay’s commercial landscape. The move comes as landlords across the district grapple with a changing property market marked by excess office space. The bank is scheduled to move into Tower 3 in 2027, coinciding with Hysan and partner Chinachem Group completing the... https://www.scmp.com/business/companies/article/3366941/hysan-courts-fintech-office-portfolio-za-bank-commits-new-causeway-bay-headquarters?utm_source=rss_feed https://www.scmp.com/business/companies/article/3366941/hysan-courts-fintech-office-portfolio-za-bank-commits-new-causeway-bay-headquarters?utm_source=rss_feed Wed, 09 Sep 2026 11:57:21 +0000 Ann Cao Ann Cao Alibaba Group Holding is giving users the ability to put artificial intelligence-powered “digital employees” to work within rival office platforms, opening a new competitive front against ByteDance and Tencent Holdings in enterprise AI. The latest version of the QoderWake tool, launched by Alibaba Cloud on Tuesday, allowed users to generate fully functioning workers using a single-line description of the required role, the company said. These digital workers could then be put to work within any... https://www.scmp.com/tech/big-tech/article/3366919/alibaba-sends-ai-digital-employees-work-rival-apps-bytedance-tencent?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3366919/alibaba-sends-ai-digital-employees-work-rival-apps-bytedance-tencent?utm_source=rss_feed Wed, 09 Sep 2026 10:30:06 +0000 Julie Zhang Julie Zhang Biomedicine is set to feature in Hong Kong’s first five-year plan, due to be unveiled next week, as the city’s top officials signal closer medical cooperation across the Greater Bay Area. Lending weight to those ambitions, global pharmaceutical company GSK emphasised its interest in expanding its role in the region’s biotech development on Wednesday, at the fifth Hong Kong International Biotechnology Conference and Exhibition (BIOHK). Speaking at the event, Hong Kong Secretary for Health Lo... https://www.scmp.com/business/china-business/article/3366922/hong-kong-targets-biomedicine-powerhouse-status-debut-five-year-plan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3366922/hong-kong-targets-biomedicine-powerhouse-status-debut-five-year-plan?utm_source=rss_feed Wed, 09 Sep 2026 09:27:59 +0000 Enoch Yiu Enoch Yiu Several Hong Kong insurance companies, including Prudential, Manulife and BOC Life, are racing into cross-sector alliances from artificial intelligence underwriting to healthcare tie-ups to strengthen capabilities and efficiency amid China’s tightened cross-border tax rules. Prudential announced a partnership with Alibaba Cloud to launch an AI underwriter, designed to help financial consultants make preliminary decisions based on a client’s financial situation, medical record, occupation and... https://www.scmp.com/business/banking-finance/article/3366902/insurers-prudential-manulife-seal-tech-alliances-amid-beijings-tightened-tax-rules?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3366902/insurers-prudential-manulife-seal-tech-alliances-amid-beijings-tightened-tax-rules?utm_source=rss_feed Wed, 09 Sep 2026 08:30:06 +0000 Themis Qi Themis Qi Chinese energy firms have called for policy stability in overseas markets as their global investments face mounting geopolitical risks amid headwinds from the oil crisis. The call came from Sungrow Power Supply and EVE Energy executives, who said policy stability topped their expectations at an event in Hong Kong on Tuesday. Both companies have come under fresh pressure in the US market in the past two months. Sungrow, the world’s second-largest energy storage system maker, was hit by a US... https://www.scmp.com/business/china-business/article/3366876/chinese-energy-firms-warn-policy-volatility-complicates-long-term-expansion-abroad?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3366876/chinese-energy-firms-warn-policy-volatility-complicates-long-term-expansion-abroad?utm_source=rss_feed Wed, 09 Sep 2026 08:00:07 +0000 Julie Zhang Julie Zhang Pharmaceutical companies have embraced artificial intelligence in drug research almost universally, yet few company executives expect AI to actually make drugs succeed, according to a Citi survey released on Tuesday. “The biggest risk to the AI-powered drug discovery thesis is not that AI fails to accelerate discovery,” said John Yung, head of Asia healthcare research at the US investment bank. “The stronger risk is that acceleration does not translate into better drugs or higher probability of... https://www.scmp.com/business/china-business/article/3366863/china-embraces-ai-only-24-us-pharma-execs-bet-it-drug-making?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3366863/china-embraces-ai-only-24-us-pharma-execs-bet-it-drug-making?utm_source=rss_feed Wed, 09 Sep 2026 06:00:15 +0000 Themis Qi Themis Qi China’s biotechnology market has “significantly” driven up the demand for primate experimental models as the market recovers, tightening the supply of laboratory monkeys, according to a leading biotech firm. The continued recovery of fundraising and out-licensing deals in innovative drugs in China this year has led to significant growth in the demand for primate experimental models, contract research firm Joinn Laboratories (China) said on Tuesday. Primate experiments typically use monkeys and... https://www.scmp.com/business/companies/article/3366870/china-needs-monkeys-lab-animal-shortage-could-hinder-biotech-growth?utm_source=rss_feed https://www.scmp.com/business/companies/article/3366870/china-needs-monkeys-lab-animal-shortage-could-hinder-biotech-growth?utm_source=rss_feed Wed, 09 Sep 2026 05:01:10 +0000 Daisy Wu Daisy Wu The global rise of the renminbi, the Chinese currency also known as the yuan, is being driven by shifting supply chains rather than a campaign against the US dollar, according to a senior Deutsche Bank executive, following the German lender’s appointment as Europe’s first non-Chinese renminbi clearing house. Konrad Haunit, Deutsche Bank’s head of multinational corporate coverage for the Asia-Pacific, Middle East and Africa, said the yuan’s use had grown steadily over the past five years. “It’s... https://www.scmp.com/business/banking-finance/article/3366845/deutsche-bank-sees-supply-chains-driving-yuans-rise-global-trade?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3366845/deutsche-bank-sees-supply-chains-driving-yuans-rise-global-trade?utm_source=rss_feed Wed, 09 Sep 2026 01:30:52 +0000 Julie Zhang Julie Zhang A handful of home-grown Chinese companies involved in brain computer interfaces (BCIs) are moving towards initial public offerings (IPOs) on onshore markets, taking advantage of the sector’s status as a new darling of private capital. The trend fits into a broad pattern of hi-tech firms flocking to list on the Shanghai Stock Exchange’s Nasdaq-style Star Market. Among the BCI hopefuls, Shanghai-based Arfysica Innovation is the latest to register for IPO coaching for a Star Market listing,... https://www.scmp.com/business/china-business/article/3366744/eager-capital-prompts-ipo-plans-more-chinese-makers-brain-computer-interfaces?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3366744/eager-capital-prompts-ipo-plans-more-chinese-makers-brain-computer-interfaces?utm_source=rss_feed Tue, 08 Sep 2026 07:13:34 +0000