us-china tensions

New Business

Beyond factories: how China’s trendy brands turn local success into global influence

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search…

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New Business

As China’s central bank projects confidence, are rate cuts on the back burner?

China’s central bank vowed to maintain an accommodative monetary policy stance and improve policy transmission to support the “steady” economy…

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New Business

Lidar giant Hesai seeks US$500 million in Hong Kong dual listing amid US-China tensions

Hesai Group, the world’s largest supplier of automotive lidar sensors, is seeking to raise up to HK$3.9 billion (US$500 million)…

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New Business

Temasek fine tunes Chinese stock portfolio as PIF exits Alibaba in sovereign fund tweaks

Two of the world’s largest sovereign wealth funds have adjusted their stakes in Chinese equities, trimming their exposure to technology…

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New Business

Manus AI lays off China staff, scrubs social media, shelves mainland service

The company behind the general-purpose artificial intelligence (AI) agent Manus laid off most of its staff in Beijing last week,…

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New Business

Xpeng-backed Breton, a maker of EV dump trucks, plans US$30 million Hong Kong IPO

Breton Technology, backed by Chinese electric vehicle maker Xpeng, plans to raise HK$234 million (US$30 million) from its Hong Kong…

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New Business

HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the…

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New Business

Yuan trade finance rises in Hong Kong as firms seek cost efficiencies amid US-China tensions

The use of the yuan in trade finance is gaining momentum as companies seek cost efficiencies and supply chain diversification…

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New Business

Apple trails Huawei, Vivo in China smartphone market in 2024, iPhone leads fourth quarter

Apple recaptured the top spot in China’s smartphone market in the fourth quarter, but it fell to third place in…

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New Business

China’s record dividend payout puts yuan under pressure amid US-China tensions

China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts…

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