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New Business

As Trump decrees ‘de minimis’ exemption dead for China goods, what’s the ‘bottom line’?

US President Donald Trump’s elimination of the “de minimis” exemption for Chinese goods will ultimately hurt American consumers, while Chinese…

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New Business

Exclusive | Futu rents prime Causeway Bay address as online broker prepares for stock market bonanza

Futu Securities International (Hong Kong) has scooped up a prime retail space in Hong Kong’s Causeway Bay, according to market…

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New Business

China’s ZTE names Fang Rong as chairman amid AI pivot, revenue drop

Chinese telecommunications equipment giant ZTE Corp has named veteran industry executive Fang Rong as its new chairman, succeeding Li Zixue,…

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New Business

Guangdong aims to become global AI and robotics hub after DeepSeek’s success

Guangdong’s provincial government has expressed commitment to establishing a “global innovation highland” for the artificial intelligence (AI) and robotics industries…

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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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New Business

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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New Business

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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New Business

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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