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New Business

Chinese pre-orders for Apple’s iPhone 17 break records amid strong demand

Pre-order sales of Apple’s new iPhone 17 series have got off to a robust start in China, shattering previous records…

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New Business

Li Ning’s interim profit dips 11% amid tough competition in mainland’s sportswear market

Chinese sportswear and equipment maker Li Ning posted a drop in interim profit, as weak consumer sentiment weighed on spending…

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New Business

Tesla’s sales decline in China reaches 8th straight month as local rivals close in

Deliveries from Tesla’s Shanghai factory have fallen for eight straight months as its Chinese rivals amp up the pressure, prompting…

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New Business

Tesla loses more sales in China as buyers opt for cheaper, tech-laden domestic models

Deliveries by Tesla’s Shanghai factory plunged in April, reversing a short-lived turnaround a month earlier, in the latest sign of…

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New Business

Tesla offers interest-free loans in China for Model Y to lift EV sales, fend off rivals

Tesla is ramping up production of its refreshed Model Y and offering interest-free loans to spur sales on the mainland,…

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New Business

Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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New Business

Geely, Xpeng EV models threaten market leaders with cheaper, more intelligent cars

Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals,…

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New Business

Hong Kong developer’s default could send shock waves through property market: S&P

The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a…

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New Business

Hong Kong’s shuttered Physical gym chain owner sells 4 flats at over 40% discount

An owner of Hong Kong gym chain Physical sold a number of residential assets at a huge loss after shuttering…

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New Business

Indebted developer Sunac China faces liquidation threat in Hong Kong

A liquidation petition was filed against indebted developer Sunac China Holdings in Hong Kong amid its efforts to restructure its…

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