Alibaba Group

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CityU joins ranks of schools snapping up Hong Kong offices with Festival Walk buy

City University of Hong Kong has bought an office property in Kowloon for HK$1.96 billion (US$252 million), joining a growing…

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New Business

China’s service sector shines as holidaymakers embrace pet travel and bespoke adventures

More Chinese travellers are pivoting from mass-market sightseeing to bespoke adventures to ring in the new year, fuelling a surge…

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New Business

China tourism: cold spots are hot tickets as southern residents head north to ski

With temperatures falling and holidays approaching, ski resorts across northern China are experiencing a surge in visitors from the south,…

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New Business

Chinese cosmetics challenge global brands with affordable allure

China’s mass-market beauty products are gaining traction overseas, undercutting established brands on price – a trend that could help upstarts…

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New Business

Alibaba seeks US$1.5 billion from exchangeable bonds for cloud, e-commerce push

Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international…

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New Business

Mainland Chinese households set to buy another US$100 billion of Hong Kong stocks: HSBC

Mainland Chinese households are sitting on 160 trillion yuan (US$22 trillion) in cash, mostly stashed away in bank time deposits,…

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New Business

China’s new private sector law takes aim at ‘profit-driven’ enforcement

China’s newly passed private sector law bans “profit-driven” enforcement that unfairly targets the non-state sector, according to the full text…

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New Business

China’s ‘involution’ trap is hurting nation’s competitiveness, state media warns

Chinese state media has refreshed its calls for local-level governments and businesses to refrain from unhealthy, exhausting competition that is…

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New Business

French flock to Chinese e-commerce bargains, hunt for ‘agent Taobao’ to deliver

French student Sara Leghtas was pleasantly surprised with her first purchase on Taobao, a household e-commerce name in China that…

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New Business

Why retirees are the future of China’s outbound tourism market

Chinese retiree John Wang, 74, has travelled abroad to five countries, and took a particular shine to the United Kingdom.…

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