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China Future Tech
Mike Cai Wensheng of Meitu. Photo: Felix Wong

Business

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

Meitu founder invests US$84 million in Hong Kong property to create a crypto/AI start-up hub.

Alibaba launches Taobao fast-delivery service ahead of schedule

HSBC sets up captive insurer in Hong Kong to support Asian expansion

Big Tech

Apple sales in China dip as US tariffs add to headache

As iPhone sales in China continue to fall, Apple also faces US$900 million tariff costs this quarter.

Customers look at iPhones in an Apple store in the Huangpu district in Shanghai. Photo: AFP
Customers look at iPhones in an Apple store in the Huangpu district in Shanghai. Photo: AFP

Big Tech

Temu embraces local US sellers as Trump plugs ‘de minimis’ loophole

The shopping site is shifting its US business to a ‘local fulfilment model’, as tariff exemptions for low-value Chinese goods come to an end.

Banking & Finance

Standard Chartered beats forecasts with 13% gain in first-quarter profit

Net profit rose to US$1.59 billion, driven by ‘double-digit income growth in wealth solutions, global markets and global banking’, CEO says.

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Markets

Hong Kong stocks surge on trade-talk optimism, US tech gains

Benchmark Hang Seng Index heads for third weekly gain as China’s Commerce Ministry says it is considering trade talks with the US.

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Shipping containers are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal on April 12, 2025, in Shenzhen. Photo: Getty Images/TNS
Shipping containers are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal on April 12, 2025, in Shenzhen. Photo: Getty Images/TNS

Business

Banks lure new wealthy clients with Liverpool, Jay Chou tickets in golden week push

Banks target growing pool of wealthy mainland Chinese visitors to Hong Kong during May 1-5 golden week holiday.

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Markets

US jobs growth likely slowed in April, economists’ survey shows

Non-farm payroll growth probably slowed to 138,000 last month, according to a Bloomberg survey of economists.

Tech Trends

Why car park operator Shoucheng is doubling down on China robotics investment

The company, a subsidiary of Chinese steel giant Shougang, plans to invest in about 50 robotics firms over the next two to three years.

Shoucheng Holdings presents humanoid robots from some of its investee firms, including Unitree Robotics and Galaxea AI, at an event in Hong Kong on April 30, 2025. Photo: Handout

Business

Mark Tucker, HSBC chairman, plans to retire before the end of 2025

HSBC’s Mark Tucker will retire after nearly eight years as chairman, though he will stay on as an adviser to the global bank.

HSBC’s Mark Tucker in Hong Kong. Photo: Handout
HSBC’s Mark Tucker in Hong Kong. Photo: Handout

Business

Shanghai start-up United InnoMed plans studies to develop heart-failure treatment device

Company raised US$20 million of fresh capital last month from investors including existing backer Lilly Asia Ventures.

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China EVs

Chinese EV industry pits battery swapping technology against ultra-fast charging

The duelling technologies are aimed at soothing consumer anxiety about driving ranges.

Tech Trends

Xbox joins PlayStation in raising console prices amid US tariffs

Hefty levies imposed by Trump on manufacturing hubs such as Japan, China and Vietnam have led to a surge in console prices.

Visitors play games on Xbox consoles during a video game fair in Paris. Photo: AFP

Big Tech

Nvidia raises concerns about Huawei’s growing AI chip capabilities

US export restrictions on Nvidia’s chips to China could make Huawei’s chips more competitive, CEO Jensen Huang says.

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Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP
Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP

United States & Canada

Apple expects US$900 million tariff hit as it shifts US iPhone supply to India

Vietnam will be the country of origin for most iPad, Mac, Apple Watch and AirPod products sold in the US, CEO Tim Cook says.

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Big Tech

DeepSeek’s new maths-solving model is generating buzz, but mostly about R2

The Prover-V2 release has captured attention online, with many on social media wondering what it means for the start-up’s next reasoning model.

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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illustration by Lau Ka-kuen
illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

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Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP
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OPINION
Peter T. C. Chang

Opinion | Trump’s unpredictability and a fractured US are a dangerous mix

Peter T. C. Chang
Nicholas Spiro

Macroscope | Is the ‘Trump shock’ the end of dollar hegemony?

Nicholas Spiro
Richard Harris

Opinion | As markets recover from Trump tariff shock, how long will new normal last?

Richard Harris
Marina Yue Zhang

Opinion | US vs China: who can endure a trade war longer?

Marina Yue Zhang
11
Leonard Luk,Bryan Luk

Opinion | Legalise basketball betting but ensure young Hongkongers don’t lose

Leonard Luk
Bryan Luk
Wenran Jiang

Opinion | China has the upper hand in trade war as Trump flounders

Wenran Jiang
9
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MULTIMEDIA
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
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