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New Business

Alibaba’s Joe Tsai says open-sourcing its AI models will boost firm’s cloud business

Alibaba Group Holding chairman Joe Tsai said that open-sourcing large language models (LLMs) would spur a surge in artificial intelligence…

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New Business

My Take | Trump’s tariffs give China its biggest chance for economic reform since 1997 crisis

China’s economic reform over the past decade has been a controlled process of privatisation, liberalisation and deregulation, and that process…

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Hong Kong’s home prices fall towards decade low on interest rate, tariff headwinds

Home prices in Hong Kong’s secondary property market dropped for a third straight month in February to near the lowest…

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Breaking | China’s 2025 starts with rising retail sales as consumption takes centre stage

China has reported a 4 per cent growth in consumption in the first two months of 2025, a modest increase…

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China’s Ne Zha 2 still flying high as highest-grossing animated movie of all time

When Kung Fu Panda clawed its way to box office glory in 2008, it sent shock waves through China. Nationalists…

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China’s imports, exports cool as US tariffs cast chill over trade

China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a slackening observed…

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Chinese credit ratings firm downgrades Thailand over crime scandals and economic prospects

A Chinese ratings firm has downgraded Thailand’s creditworthiness due to a series of damaging crime scandals denting the country’s appeal…

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New Business

Hong Kong property sales fall to 5-month low; buyers spooked by US-China tension: agencies

Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors…

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New Business

China’s PMI data returns to positive territory for February

China’s purchasing managers’ index, a key indicator for manufacturing activity, reached three-month high in February and returned to positive territory…

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New Business

Shenzhen’s tech rival, China’s Mach 16 jet fuel engine: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond…

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