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New Business

BYD shares nosedive after US$5.6 billion placement announcement

Investors rebuked BYD for its surprise stock placement plan by selling down the shares of China’s biggest electric-vehicle (EV) maker,…

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New Business

China’s robotics star Unitree warns of scams as investors seek a way in

Unitree Robotics, one of the hottest start-ups in China, issued a warning about scams that aimed to exploit growing interest…

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New Business

Retail portion of Mixue’s IPO sets record with nearly US$206 billion in subscriptions

The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, attracted more…

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New Business

China’s Ele.me joins Meituan, JD.com in vowing welfare coverage for armies of riders

In quick succession, three major online platforms in China – JD.com, Meituan and Ele.me – have unveiled plans to provide…

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New Business

Hong Kong stocks rise on Goldman’s DeepSeek-led upgrade, Beijing tech meeting

Hong Kong stocks jumped on Monday towards a five-month high after Goldman Sachs raised its targets for Chinese equities, betting…

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Hong Kong stocks nudge upwards, on track for biggest week since October

Hong Kong stocks advanced on Friday, boosted by tech names, coming close to reclaiming an October peak even as some…

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New Business

Ex-JPMorgan executive, Hong Kong entrepreneurs launch GenAI-powered logistics platform

A former JPMorgan banker has joined forces with two Hong Kong entrepreneurs to launch NEXX Global, a smart logistics technology…

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New Business

China’s Lunar New Year travellers try to outsmart algorithms for cheaper fares

The Lunar New Year holiday is among the priciest time to travel in China, but this year, Chinese internet user…

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New Business

Shanghai issues more consumption vouchers after shock fall in retail sales

Shanghai has announced plans to issue another round of consumption vouchers, as the Chinese metropolis tries to reverse a downturn…

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New Business

Hong Kong stocks waver on manufacturing wobble as China vows more support for economy

Hong Kong stocks slipped, erasing an earlier advance, after reports showed growth in Chinese manufacturing lost momentum last month, suggesting…

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