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JD.com’s property unit joins 2 firms in a US$1 billion Singapore Reit, sources say

The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based real estate…

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New Business

Hong Kong stocks fall for a third day, hurt by Meituan profit slump, Nvidia outlook

Hong Kong stocks fell on Thursday as the price wars in the food delivery and electric vehicle (EV) sectors and…

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New Business

Temasek fine tunes Chinese stock portfolio as PIF exits Alibaba in sovereign fund tweaks

Two of the world’s largest sovereign wealth funds have adjusted their stakes in Chinese equities, trimming their exposure to technology…

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Hong Kong stocks sink as mainland China economic data, earnings reports trigger sell-off

Hong Kong stocks posted the first back-to-back decline in two weeks on Friday after China’s July economic data fell short…

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World’s top hedge fund Bridgewater dumps all China stocks in retreat from market

The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter,…

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Alibaba tops Meituan’s China on-demand delivery, fuelled by 1 million cups of tea daily

Orders on Alibaba’s instant commerce channel Taobao Shangou topped 100 million on Thursday, 20 million fewer than Meituan. After Meituan…

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New Business

China urged to curb excessive cash burn, not competition, to fight ‘neijuan’

With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government…

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Alibaba’s world-leading AI lab becomes a target for talent poaching by Chinese rivals

Top artificial intelligence talent at Alibaba Group Holding’s Tongyi Lab, developer of the widely used open-source Qwen models, has become…

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New Business

How Alibaba and Meituan are fighting for customers, 1 free drink at a time

Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with…

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New Business

China’s steelmakers cool competitive fires as price war cuts profit margins

As a fierce price war threatens to turn their revenues microscopic, China’s steel firms are calling for changes to make…

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