Shanghai

New Business

China targets barriers in car aftermarket in bid to boost consumer spending

China’s Ministry of Commerce has gathered auto industry representatives to discuss dismantling barriers in the car aftermarket as part of…

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New Business

Tech war: Huawei’s AI chip road map bolsters China’s tech self-sufficiency efforts

US-sanctioned Huawei’s disclosure “is educating the market about what’s ahead”, while signalling that the Shenzhen-based company “can match Nvidia’s multi-year…

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Alibaba-Meituan battle heats up as rivalry expands into in-store dining: report

That new initiative is expected to start on Saturday in selected districts in Shenzhen, Shanghai and Jiaxing, a city in…

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Xiaomi recalls nearly 117,000 SU7 vehicles after fatal crash raises safety concerns

Chinese electric vehicle (EV) manufacturer Xiaomi is recalling more than one-third of its cars owing to flaws in its driver-assistance…

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Hong Kong stocks waver as investors await signals from Trump-Xi call

Hong Kong stocks vacillated on Friday as investors held back ahead of a closely watched talk between US President Donald…

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China set for bumper ‘golden week’ travel rush in boost for economy

China is likely to see a bumper surge in travel bookings for the coming “golden week” holiday – one of…

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Chinese lidar maker Hesai to pour Hong Kong listing proceeds into expanding production

Hesai Group, the world’s largest maker of automotive lidar sensors, plans to double down on production capacity amid a bullish…

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New Business

China’s Hesai rises in Hong Kong share debut as lidar-sensor maker raises US$531 million

Shares of Hesai Group, the world’s largest supplier of lidar sensors, rose in their Hong Kong debut on Tuesday as…

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New Business

Developing | China’s economy under strain in August as retail sales, industrial output miss forecasts

China’s economy showed signs of strain in August, as sluggish domestic demand, headwinds from the US trade war and a…

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New Business

Shanghai luxury home market shows signs of losing steam as price cuts fail to woo buyers

A correction, following nearly two years of growth, was a warning to wealthy local investors who believed that homes worth…

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