2024.

New Business

Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion…

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Mortgage registrations in Hong Kong hit record low in 2024, Centaline says

Mortgage registrations in Hong Kong dropped to the lowest level on record last year, as the city’s property market suffered…

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New Business

Chinese city bucks birth rate decline as cash incentives bear fruit

Generous cash incentives to encourage births are paying off in one Chinese city, where the number of newborns saw a…

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New Business

Mainland Chinese buyers to continue driving Hong Kong housing demand in 2025, analysts say

Homebuyers from mainland China will continue to be a driving force in Hong Kong’s residential property market in 2025, after…

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New Business

Hong Kong property deals drop in December as slump thins agent ranks

Property transactions in Hong Kong fell in December amid a slump that has thinned the city’s ranks of licensed property…

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New Business

Baidu founder Robin Li predicts ‘exponential’ boom in AI apps in 2025

The founder of Baidu, an artificial-intelligence (AI) pioneer in China that unveiled its own large language model (LLM) just months…

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New Business

Hong Kong’s property market to maintain momentum after deals hit 3-year high

Hong Kong’s property transactions are expected to gather pace after hitting a three-year high in 2024 on the back of…

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Alibaba’s supermarket Freshippo records 9 straight months of profit, CEO says

Freshippo, Alibaba Group Holding’s grocery chain known as Hema in its home market, was profitable for nine straight months in…

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New Business

Opinion | After a mixed bag for climate action in 2024, businesses must take the lead

This year has been tough for corporate sustainability, especially in the United States. Despite some promising developments, the journey towards…

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New Business

China solar firms should focus on ESG amid domestic competition, regulatory hurdles: GCL

“Companies should consider carbon management to be their third core [focus] in addition to costs and technologies,” said Amy Song,…

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