79 m. ago Pressure is getting to US firms in China as they feel weight of tensions: survey

American companies doing business in China are more pessimistic about the next five years than ever before, in the face of rising geopolitical uncertainties, fierce competition and a chronic economic slowdown, according to findings by a prominent business chamber. Only 41 per cent of surveyed American firms expressed optimism about their five-year business outlook in China, or almost half the rate in 2021, according to a report released by the American Chamber of Commerce (AmCham) in Shanghai on...

Events

2 h. ago Schroders hit by Hong Kong property slump as banks seize assets

Schroders has become the latest global asset manager to be caught up in Hong Kong’s commercial property meltdown. Within just a few months, two assets managed by its property investment arm have been seized by bank creditors. Now it faces a new challenge relating to a loan for a three-floor commercial space at Harbourfront Landmark in Hong Kong’s Hung Hom district. The facility was not repaid on the original maturity date. The lender, Bank of Communications (Hong Kong), was now weighing various...

Events

2 h. ago Alibaba’s ‘Amap Street Stars’ is latest salvo against Meituan in e

Alibaba Group Holding on Wednesday launched an artificial intelligence-powered ranking feature on its online mapping service Amap, as the tech giant doubles down on AI applications and deepens its rivalry with food delivery leader Meituan. Amap Street Stars, a ranking featured on the app’s homepage, used AI algorithms to rank offline destinations including restaurants, hotels and tourist attractions, to “advance Amap’s role as the gateway for lifestyle services”, Alibaba said at the launch event...

Politics

5 h. ago China’s new Mandarin rules set to ramp up ethnic integration drive

China reviewed two legislative proposals on Monday as the country ramps up a drive to promote further ethnic integration through the use of standard Mandarin – both the spoken and written language – among minorities. The draft “Law on Promoting Ethnic Unity and Progress”, submitted to China’s top legislative body, the National People’s Congress (NPC) Standing Committee, is “an urgent requirement to foster a strong sense of community among the Chinese nation and advance the construction of a...

Politics

5 h. ago Beijing to roll out rules on Chinese language use in ethnic integration drive

China reviewed two legislative proposals on Monday as the country ramps up a drive to promote further ethnic integration through the use of standard Chinese – both the spoken and written language – among minority groups. The draft “Law on Promoting Ethnic Unity and Progress”, submitted to China’s top legislative body, the National People’s Congress (NPC) Standing Committee, is “an urgent requirement to foster a strong sense of community among the Chinese nation and advance the construction of a...

Politics

5 h. ago Alibaba Fuels China Commerce War With New $140 Million Subsidies

Alibaba Fuels China Commerce War With New $140 Million Subsidies  Bloomberg.com

Events

7 h. ago Tesla continues its skid in mainland China as sales and market share fall

Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall. The US carmaker handed 57,152 Shanghai-made Model 3 and Model Y vehicles over to customers on the mainland last month, down 9.9 per cent from a year earlier, according to the China Passenger Car Association (CPCA). That meant Tesla’s losing streak has extended to six months in a row, despite its efforts to woo consumers away from rivals like Xpeng and Xiaomi with price cuts,...

Economics

7 h. ago Tesla continues its skid in China as August sales and market share fall

Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall. The US carmaker handed 57,152 Shanghai-made Model 3 and Model Y vehicles over to customers on the mainland last month, down 9.9 per cent from a year earlier, according to the China Passenger Car Association (CPCA). That meant Tesla’s losing streak has extended to six months in a row, despite its efforts to woo consumers away from rivals like Xpeng and Xiaomi with price cuts,...

Economics

8 h. ago China’s AI Chip Boom Fuels Rallies in Cambricon, Alibaba Shares

China’s AI Chip Boom Fuels Rallies in Cambricon, Alibaba Shares  Bloomberg.com

Politics

14 h. ago Custom counterfeit student cards for universities in Hong Kong sold online

Tailor-made counterfeit student cards for universities in Hong Kong, including the city’s oldest institution, are being sold on an online platform, the Post has found, with legal experts warning that both sellers and buyers may be breaking the law. A check by the Post on Monday found at least three shops on a major cross-border e-commerce platform, Pinduoduo, selling counterfeit student cards for around 40 to 70 yuan (US$5.60 to US$9.80) each. Some of the sellers told the Post that the cards...

Politics

18 h. ago Alibaba mobilises merchants on premium Tmall site to join instant commerce drive

Alibaba Group Holding has fired another shot at on-demand delivery giant Meituan, with a campaign that brings merchants from its Tmall business-to-consumer shopping platform onto its Taobao Instant Commerce site. The campaign – dubbed “Jishigou”, which translates to instant purchase in Chinese – has seen more than 260 brands on Alibaba’s Tmall premium retail platform join its instant commerce service, the company said on Tuesday. Alibaba owns the South China Morning Post. Taobao Shangou,...

Politics

19 h. ago Is China Literature’s Recent 37% Rally Justified After New Alibaba Collaboration?

Is China Literature’s Recent 37% Rally Justified After New Alibaba Collaboration?  Yahoo Finance

Politics

21 h. ago China debuts instant tax refunds for tourists through overseas e

China has introduced its first tax refund service via overseas e-wallets, allowing travellers departing from Shenzhen to instantly claim refunds as part of Beijing’s broader efforts to boost inbound tourism. Backed by the Shenzhen Taxation Bureau and the local branch of the People’s Bank of China, Ant International’s Alipay+ global payment platform partnered with tax refund agent Guangdong Huaxing Bank to launch the service on Monday, the city government announced on its official social media...

Politics

21 h. ago Alibaba donates to Tsinghua University in effort to groom AI talent

Alibaba Group Holding has donated an undisclosed sum of money to China’s prestigious Tsinghua University to “contribute to the cultivation of high-quality AI talent”, as the nation rallies around efforts to embrace the development and use of the advanced technology. The donation would go to Tsinghua’s Wuqiong College, or Boundless College, a new school created in May to train the country’s top artificial intelligence undergraduates with a focus on core AI innovations and applications, according...

Politics

24 h. ago Watch Alibaba Helps Propel Asia Stock Rally | The China Show 9/9/2025

Watch Alibaba Helps Propel Asia Stock Rally | The China Show 9/9/2025  Bloomberg.com

Politics

25 h. ago Chasing Starlink, China Unicom a step closer to satellite communication services

China has issued a satellite mobile communication business licence to a telecoms giant, in a concrete move that accelerates preparations for the large-scale commercial roll-out of its home-grown satellite services. The Ministry of Industry and Information Technology announced on Monday that it had issued the licence to China Unicom, permitting the state-owned company to conduct services such as direct-to-phone satellite connectivity and expand its applications in emergency and maritime...

Politics

27 h. ago US mulls annual China chip supply permits for Samsung, Hynix

The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix factories in China, a compromise aimed at preventing disruptions to the global electronics industry after Trump officials revoked Biden-era waivers that let the companies more easily get such shipments. Officials in the US Commerce Department last week presented to Korean counterparts a “site license” idea to supplant indefinite authorisations the chipmakers secured under the previous...

Politics

41 h. ago Containment Of China Is Containment Of Alibaba (Rating Downgrade) (NYSE:BABA)

Containment Of China Is Containment Of Alibaba (Rating Downgrade) (NYSE:BABA)  Seeking Alpha

Politics

42 h. ago Alibaba Cloud leads US$140 million funding round for AI start

Alibaba Group Holding’s artificial intelligence and cloud computing services unit recently led a 1 billion yuan (US$140 million) Series A+ funding round for X Square Robot, a Shenzhen-based developer of embodied intelligence models. The deal marked Alibaba Cloud’s first investment in the embodied intelligence field, according to a statement on Monday from X Square Robot. The start-up said it expected “multidimensional support” from the Hangzhou-based company. Alibaba owns the South China Morning...

Economics

44 h. ago Are ‘unscrupulous’ insurers causing richer Malaysians to seek public hospitals?

Malaysians from the highest income group are increasingly turning to public hospitals for treatment as surging private healthcare costs drive up insurance premiums, with lawmakers and industry professionals warning of more pressure on the national healthcare system. The cost of private healthcare in Malaysia rose by nearly 12 per cent in 2024, well above the global average of about 6 per cent, according to a report on medical trends around the world by professional services firm Aon. A separate...

Politics