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Repeat buyer tucks into another McDonald’s Hong Kong shop for US$15.2 million

McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset…

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New Business

China Vanke offshore bondholders face near wipeout in Barclays worst-case scenario

In a base-case scenario, bondholders may recover just 10.1 per cent of what they were owed, roughly half what already…

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New Business

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market…

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New Business

Morgan Stanley lifts Hong Kong property to ‘attractive’, with rebound to extend into 2027

Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a…

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New Business

Turning point: China doubles IPOs in 2025 amid eased curbs to drive tech innovation

Initial public offerings (IPOs) in mainland China nearly doubled in 2025 from a year earlier after the securities regulator rolled…

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Travellers hoof it in China as horseback tourism makes strides

Hong Kong-based entrepreneur Chan Shan Shan is a frequent traveller to mainland China. But rather than the usual activities or…

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New Business

What are China’s hottest jobs as AI reshapes the labour market?

China’s job market is entering a decisive phase of structural transformation as the country retools its growth model after years…

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New Business

China’s Shenzhen targets AI in ‘every household’ as US tech rivalry heats up

Shenzhen, China’s top tech hub, plans to roll out what it calls “full-suite, full-time” adoption of artificial intelligence (AI) across…

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New Business

Chinese cities face subway delays as Beijing targets wasteful spending, high debt levels

China is tapping the brakes on some subway expansions, including in certain affluent cities, a decision analysts said reflects a…

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New Business

China bolsters e-cigarette regulations to smoke out non-compliance

China has unveiled plans to tighten controls over e-cigarette production and investment to address concerns over fierce intra-industry competition and…

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