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New Business

Unitree robotics profitable since 2020, eyes expansion amid high demand

Unitree Robotics, China’s leading manufacturer of robotic dogs, has maintained steady profitability since 2020 and has no immediate plans for…

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New Business

Hongkongers’ Shenzhen shopping sprees abate, in relief for retail owners, UBS and JLL say

Hong Kong’s downtrodden retail sector could be headed for a turning point in coming months, as city residents show less…

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New Business

Hong Kong stocks rise as investors fall back in love with Chinese EV makers and tech firms

Hong Kong shares rose on Wednesday, buoyed by a rally in Chinese electric-car makers while technology stocks also rebounded. The…

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Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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After China probe, is AstraZeneca’s new US$2.5 billion plan a blueprint for foreign firms?

Biopharmaceutical multinational AstraZeneca is not letting a bumpy 2024 dictate its path forward in China, and in the wake of…

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Chinese humanoid robot star Unitree to focus on industrial models before household aides

Chinese robotics unicorn Unitree Robotics, whose products are mainly used in research and industrial applications, will not be launching humanoid…

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New Business

Hong Kong stocks trade sideways as Trump tariffs loom; Meituan, Sinopec top losers

Hong Kong stocks fluctuated between losses and gains on Monday, as caution prevailed ahead of US President Donald Trump’s next…

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BYD’s Denza launches N9 SUV to rival Mercedes, BMW in premium EV segment

China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and…

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China debuts economic data on service robots as humanoid industry grows

China’s state statistics agency has introduced a new data series on “service robots” in its monthly industrial output report, in…

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New Business

China’s home prices drop for 21st straight month as property recovery remains elusive

China’s new-home prices fell for the 21st straight month in February as a recovery continued to elude the key economic…

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