25 h. ago China’s market regulator summons Alibaba, Meituan, JD amid delivery war

China’s State Administration for Market Regulation (SAMR) on Friday summoned major online food delivery platforms – Alibaba Group Holding’s Ele.me, Meituan, and JD.com – urging them to engage in “rational” competition amid a prolonged price war. The meeting aimed to “further regulate promotion behaviours, encourage rational competition, and foster a healthy ecosystem and win-win situation for consumers, merchants, delivery riders, and platform operators”, the regulator said in an...

Events

67 h. ago China's job market preps for impact as record graduate wave approaches

Despite an easing of China’s youth unemployment rate in June, the country is steeling itself for a challenging job-hunting season as a record number of fresh graduates prepares to enter the labour market. The urban jobless rate for those aged 16 to 24, excluding students, dipped to 14.5 per cent last month – more than one in seven people – from 14.9 per cent in May, according to data released by the National Bureau of Statistics (NBS) on Thursday. While this marked the fourth consecutive month...

Politics

68 h. ago Meituan executive bemoans ‘irrational’ price war with Alibaba, JD.com

A Meituan executive said the company had no choice but to join the latest round of what he called “irrational competition” against rivals JD.com and Alibaba Group Holding in China’s instant delivery sector, even though the blizzard of discounts being offered to woo buyers had become disconnected from business fundamentals. “We didn’t want to take part in [the price war], as we don’t think it makes sense,” Wang Puzhong, head of Beijing-based Meituan’s core local commerce business, said in an...

Events

3 d. ago Nvidia, AMD to win market share in China as US eases export curbs

The sales resumption of Nvidia’s H20 processors and Advanced Micro Devices’ (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts. Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to China. The H20, designed to comply with US trade curbs, is less powerful than the H200. Under current US rules, most advanced Nvidia chips,...

Politics

3 d. ago US firms consider China market critical despite fraying relations, other issues, survey says

A new survey of American companies operating in China indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest economy, according to a report about the survey published by the advocacy group on Wednesday. This is despite...

Economics

3 d. ago US firms say China market vital despite fraying relations, other issues: survey

A new survey of American companies operating in China has indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest economy, according to a report about the survey published by the advocacy group on Wednesday. This is...

Economics

3 d. ago China’s Shipbuilding Market Share Plummets as U.S. Port Fees Loom

China’s Shipbuilding Market Share Plummets as U.S. Port Fees Loom  gCaptain

Politics

3 d. ago China gold market update: Strong investment in H1 | Post by Ray Jia | Gold Focus blog

China gold market update: Strong investment in H1 | Post by Ray Jia | Gold Focus blog  World Gold Council

Economics

3 d. ago Huawei becomes China’s top smartphone seller for the first time in 4 years: IDC

Huawei Technologies topped mainland China’s smartphone market in the second quarter – the first time in four years – “underscoring its strong brand appeal and effective shipment management”, according to International Data Corporation (IDC). However, China’s smartphone sales shrank 4 per cent to 69 million units in the April to June quarter due to weak consumption and reduced government subsidies for electronic devices, data from the consultancy released on Tuesday showed. It was the first...

Politics

4 d. ago China and Europe power 24% growth in global EV sales in June

Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A total of 1.8 million battery-powered electric vehicles (BEVs) and plug-in hybrids were sold last month, the London-based firm said on Tuesday. Sales in China jumped 28 per cent to 1.11 million units, or 60 per cent of the worldwide total, while Europe’s demand rose 23 per...

Politics

4 d. ago U.S. moving fast to secure access to critical minerals to counter China's dominance of market, Pentagon says

U.S. moving fast to secure access to critical minerals to counter China's dominance of market, Pentagon says  CNBC

Politics

4 d. ago Nvidia’s stock pops as China win may pave the way for $5 trillion market cap and beyond

Nvidia’s stock pops as China win may pave the way for $5 trillion market cap and beyond  MarketWatch

Economics

4 d. ago Nvidia’s stock pops as China win may pave path to $5 trillion market cap — and beyond

Nvidia’s stock pops as China win may pave path to $5 trillion market cap — and beyond  MarketWatch

Economics

4 d. ago China’s GDP figures, robots riding Shenzhen subway: 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. China’s strong GDP figures stoke debate over stimulus as US tariff risks loom China’s economy beat market forecasts to grow 5.2 per cent in the second quarter, but analysts said headwinds would intensify in late 2025. 2. Taiwanese leader said to be planning US ‘stopover’ that’s set to anger Beijing Taiwanese leader William Lai Ching-te is planning a US...

Politics

4 d. ago ‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war

‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war  Fortune

Economics

4 d. ago China smartphone market reverses to decline in Q2 after six quarters of growth

China smartphone market reverses to decline in Q2 after six quarters of growth  Reuters

Politics

4 d. ago Nvidia rallies, leading market, on resumed H20 AI chip exports to China

Nvidia rallies, leading market, on resumed H20 AI chip exports to China  Axios

Politics

4 d. ago Nvidia rallies, leading market, on resumed AI chip exports to China

Nvidia rallies, leading market, on resumed AI chip exports to China  Axios

Politics

5 d. ago Instant View: China's Q2 GDP grows 5.2% y/y, above market forecast

Instant View: China's Q2 GDP grows 5.2% y/y, above market forecast  Reuters

Politics

5 d. ago Apple struggles in China while Samsung dominates the global smartphone market

Apple struggles in China while Samsung dominates the global smartphone market  PhoneArena

Technology