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New Business

Huawei’s AI chips fill Nvidia-sized hole in medical research in Hong Kong

A Hong Kong-based artificial intelligence (AI) research centre under the Chinese Academy of Sciences (CAS), the mainland’s national research institute,…

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New Business

Uber said to eye US$10 million stake in IPO of China’s Pony AI amid self-driving boom

Uber Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next…

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New Business

China’s consumption stimulus debate reignites with no clear answer

After casino hub Macau unveiled fresh cash handouts of 10,000 patacas (US$1,247) to each of its permanent residents to boost…

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Tech

Pinduoduo returns some service fees to sellers after parent PDD pledges US$1.4 bln waiver

Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants,…

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New Business

Xpeng aims to assemble EVs in Europe to blunt impact of import tariffs, CEO says

Xpeng is looking for a manufacturing site in Europe, making it the latest Chinese electric-vehicle maker seeking to mitigate the…

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New Business

Exclusive | Ping An eyes opportunities as more Hongkongers retire to the Greater Bay Area

Ping An Insurance (Group), mainland China’s largest insurer by market capitalisation, is planning to offer more products and services to…

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Tech

Chinese EV makers’ losses mount as rising sales fail to offset steep discounts

“Time is against many companies since they need to survive a cutthroat price war,” said David Zhang, general secretary of…

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New Business

Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

Chinese electric vehicle (EV) maker Xpeng expects its deliveries to jump in the third quarter, as its CEO said past…

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Tech

Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to…

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New Business

Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation

Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month’s liquidation court hearing in…

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