3 h. ago China shoppers swap boutiques for bargains, fuelling US$30 billion luxury resale boom

At a shopping centre in Shenzhen’s coastal business district, a store’s entrance feels more like a security checkpoint than a retail gateway. Customers check their bags, don white silk gloves, and pass through a gate. Beyond the checkpoint, which also seems incongruent with the outer facade resembling a typical multi-brand fashion shop, lies a 2,000-square-metre (21,527-sq-ft) showroom. Inside, luxury handbags are not displayed under artful lighting. Instead, they are tightly arranged in...

Economics

8 h. ago US lawmakers want DeepSeek, Xiaomi added to list of Chinese military

A group of nine US lawmakers sent a letter to US Secretary of Defence Pete Hegseth this week urging the Pentagon to add a slew of Chinese technology firms to a list of entities allegedly assisting the Chinese military. The letter, sent late on Thursday after US President Donald Trump signed a US$1 trillion must-pass military spending bill into law, asks Hegseth to place AI firm DeepSeek, smartphone maker Xiaomi and electronic display maker BOE Technology Group on what is known as the Section...

Events

8 h. ago US lawmakers urge Pentagon to add DeepSeek, Xiaomi to China military

Nine Republican lawmakers, including several congressional committee chairs, sent a letter this week urging US Defence Secretary Pete Hegseth to add more than a dozen Chinese technology firms to the Pentagon’s list of companies alleged to have links to the Chinese military. The letter, released on Friday after US President Donald Trump signed a US$900 billion military spending bill restricting US investments into Chinese tech, asks the Pentagon chief to place AI firm DeepSeek, smartphone maker...

Events

11 h. ago TikTok seals US deal but core algorithm could still rattle ties with China

TikTok may have dodged a US ban but unresolved questions about its algorithm could remain a source of tension in the broader US-China relationship, according to analysts. ByteDance, the parent company of the social media site, signed a binding agreement this week to divest its US entity into a joint venture controlled by a consortium of American investors, ending years of legal and political uncertainties. TikTok CEO Shou Zi Chew said in an internal memo on Thursday that the deal effectively...

Technology

12 h. ago TikTok reaches new US deal; China’s answer to Nvidia’s A100: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. TikTok reaches deal on new US venture with American investor group In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. 2. Chinese team builds optical chip...

Politics

12 h. ago US defence policy act overstates ‘China threat’, Beijing says, urges ‘rational’ view

Beijing on Friday accused Washington of using its new US defence policy act to hype up the so-called China threat and interfere in its internal affairs. It also urged Washington to view their relationship “rationally” and refrain from enforcing negative China-related provisions. The latest National Defence Authorisation Act (NDAA), signed into law by President Donald Trump on Thursday, restricts US outbound investment in Chinese technology and curbs federal contracts with Chinese biotechnology...

Events

12 h. ago Alipay+ announces sponsorship deal with WNBA team New York Liberty amid global push

Ant International, the Singapore-based affiliate of Chinese fintech giant Ant Group, on Friday announced a partnership with the Women’s National Basketball Association (WNBA) team New York Liberty. The multi-year initiative would see the company’s Alipay+ fintech platform become an “official sponsor” and “innovation partner for sustainability” of the team, to “jointly support community programmes designed to advance community empowerment, environmental sustainability and youth development”...

Economics

12 h. ago Foreign ship gets penalty for illegally using Starlink within Chinese waters, report says

China has issued a penalty to a foreign vessel for illegally using Starlink – SpaceX’s satellite-based internet service – within Chinese waters in the first case of its kind, according to local media. The vessel, which was not identified, was found with a “micro rectangular antenna” installed on its top deck during a routine inspection by maritime law enforcement officers at Ningbo port in Zhejiang province, state-run Ningbo Daily reported on Wednesday. The Ningbo Maritime Safety Administration...

Events

12 h. ago Nike China sales fall again as company signals strategic reset

Nike China sales fall again as company signals strategic reset  Riviera Radio

Economics

13 h. ago Secure Arctic shipping route essential for China, senior official says

The Arctic shipping route is essential to safeguard China’s development over the next decade, a senior Chinese official said in Beijing, calling for greater efforts to expand its practical use. With proposals for the next five-year plan incorporating security and development, China must ensure its international transport channels remain unimpeded, Ma Jiantang, deputy director of the Chinese People’s Political Consultative Conference’s economic committee, said. China’s traditional trade lanes...

Politics

15 h. ago Hong Kong, China successfully defend title at Hong Kong International Baseball Open

Hong Kong, China successfully defend title at Hong Kong International Baseball Open  World Baseball Softball Confederation - wbsc

Politics

16 h. ago Beijing Energy International Sets Out Board and Committee Structure

Beijing Energy International Sets Out Board and Committee Structure  TipRanks

Politics

16 h. ago China urges Japan to stop challenging international bottom line with its nuclear ambitions

China urges Japan to stop challenging international bottom line with its nuclear ambitions  news.cgtn.com

Events

20 h. ago China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban

China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban  Reuters

Politics

20 h. ago China’s ByteDance signs deal to form joint venture to operate TikTok US app By Reuters

China’s ByteDance signs deal to form joint venture to operate TikTok US app By Reuters  Investing.com

Culture

22 h. ago China's ByteDance signs deal to form joint venture to operate TikTok US app

China's ByteDance signs deal to form joint venture to operate TikTok US app  Reuters

Culture

23 h. ago China urged to win ‘hearts and minds’ to fill global leadership void as US retreats

As the United States undergoes a strategic shift in its global priorities, experts in China are pushing Beijing’s vision for a new world order – but they say the country must improve its messaging. Leading political scientist and government adviser Zheng Yongnian said China had two guiding principles: maintaining its agency while engaging with the world; and extending the ladder it climbed to help other nations ascend. Zheng made the remarks on Tuesday at the International Forum on Mutual...

Politics

25 h. ago From New York to Beijing: Calls to galvanize political commitment to international humanitarian law

From New York to Beijing: Calls to galvanize political commitment to international humanitarian law  EIN Presswire

Politics

25 h. ago Trump signs defence bill restricting investment in Chinese tech, military firms

US President Donald Trump on Thursday signed a sweeping defence bill that would restrict US outbound investment in Chinese technology and curb federal contracts with Chinese biotechnology companies, amid an uneasy trade truce between Washington and Beijing. The bill, known as the National Defence Authorisation Act (NDAA), cleared both the House of Representatives and Senate earlier this month after months of negotiation. The Senate passed the bill on Wednesday in a 77-20 vote, following its...

Economics

26 h. ago TikTok reaches deal to sell US assets to American investor group

In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees on Thursday that the company has signed a binding agreement to sell its US operations to a consortium of American investors. The deal, which has received the backing of US President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users. The new entity, a TikTok US joint venture, is set to close on January 22,...

Economics