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China’s Kaisa Group flags US$1.2 billion first-half loss amid home sales slump, write-down

Chinese developer Kaisa Group warned that it expected its net loss to widen for the first half, underscoring the troubles…

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New Business

China’s tech hub Shenzhen prime for property tax trial at ‘critical moment’: top adviser

China should consider expanding its property tax trial to Shenzhen and some low-tier cities, said a senior government adviser, a…

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Tech

Black Myth: Wukong’s popularity brings unexpected windfall, fame to low-profile developer

As Black Myth: Wukong took the global gaming community by storm, the low-profile studio behind China’s first AAA video game…

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Tech

Tech war: upcoming Huawei chip unit event stokes speculation over breakthrough

A conference scheduled next month by Huawei Technologies’ secretive chip design unit HiSilicon has fanned speculation that a sanctions-busting breakthrough…

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Tech

Chinese EV maker Nio to amp up battery-swap network with 900 faster stations this year

“Only one-third of Chinese EV owners have charging piles for household use,” he said. “Charging facilities and technologies still need…

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New Business

Chinese craft beer maker RichKat taps into Hong Kong’s frothy market

RichKat Craft Brewing, a Shenzhen-based beer brand, has opened two pubs in Hong Kong, a move that could benefit the…

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New Business

Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce…

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New Business

Warnings of overcapacity in China’s ride-hailing sector spread amid weak demand

In the past month, at least five other cities, including the southern cities of Shenzhen and Suzhou, have issued similar…

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New Business

Huawei’s cloud services unit sees Asia-Pacific as a vast market for AI products

Huawei is already working with weather forecasters in Thailand to adopt Pangu LLM, while also collaborating with various industries such…

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New Business

China’s falling home prices slow descent slightly as decline extends to 14 months

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has…

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