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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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New Business

China, South Korea sign US$44 million in trade deals after years of friction

China and South Korea have reignited their economic cooperation after years of relatively muted ties, signing US$44 million in new…

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New Business

China’s second-hand boom fuels bruising battle for trade-in traffic

Thanks to tighter budgets and a growing taste for retro tech, Chinese millennials and Gen Z consumers – who once…

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New Business

Chinese firms anchor in Dubai free zones to navigate trade barriers and expand reach

Chinese firms are increasingly anchoring themselves in Dubai’s free trade zones to navigate trade barriers and tap new markets as…

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New Business

China’s AI toy boom: Huawei, JD.com, UBTech make big push into growing sector

Huawei Technologies in late November sold more than 10,000 units of its artificial intelligence toy, Smart Hanhan, in the first…

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New Business

Hong Kong stocks climb as Santa rally extends for a second day

Hong Kong stocks rose for a second day on Tuesday, buoyed by the festive mood and investor optimism that the…

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New Business

Reporter’s notebook: home test kit takes headache out of Beijing healthcare

When I woke up with a sore throat and fever in Beijing earlier this month, the last thing I wanted…

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New Business

JD.com buys into Hong Kong Central tower as Lai Sun offloads US$450 million stake

JD.com has agreed to acquire a stake in a major office tower in Hong Kong’s Central district, mirroring a property…

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New Business

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a…

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New Business

Alibaba launches US$537 Quark AI glasses to challenge wearables from Meta, Xiaomi, Rokid

The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1…

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