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China’s Xpeng unveils hybrid SUV version boasting world’s longest driving distance

Chinese electric vehicle (EV) giant Xpeng Motors has launched a new hybrid version of its G7 that it says offers…

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New Business

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market…

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China’s wealthy swap real estate for insurance, gold as retirement looms

Since 2020, Li Jiang, a veteran manufacturing entrepreneur from Guangdong, has been selling off his properties one by one –…

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New Business

How the ‘world’s supermarket’ rode out Trump’s tariffs – and grew even stronger

Wang Nan, a hardware trader in China’s eastern city of Yiwu, expected her business to feel some pain when the…

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China’s Gen Z consumers drive rise in homestay bookings to ring in the new year

More young Chinese consumers are opting for bed-and-breakfast stays at private villas to ring in the New Year, drawn to…

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Why are rich Chinese ‘quietly’ moving private jets offshore, slumming it in budget seats?

China’s ultra-wealthy are quietly parking their private jets offshore to sidestep tougher compliance rules at home, while corporate executives are…

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Soaring to the top: China appoints first female captain for flights on home-grown C919

China has appointed its first female pilot to exclusively captain flights on its home-grown C919 jet, with more aspiring women…

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New Business

Outside In | As the US pursues unilateralism, China faces challenging task as Apec host

For the Asia-Pacific Economic Cooperation (Apec) forum, which in 2026 will be under China’s leadership for the first time in…

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China’s offshore yuan breaks major benchmark as appreciation momentum builds

China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another…

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New Business

A tale of two markets: Hong Kong property prices stabilise as mainland China slump drags on

As the mainland Chinese housing downturn drags on, Hong Kong’s market is showing early signs of stabilising, reshaping buyer sentiment…

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