3 d. ago Caught in a bad bromance: Trump and Musk go for the throat – what just happened?

Hours after US President Donald Trump spoke with his Chinese counterpart on Thursday night and shared optimistic remarks about the call on social media, a public feud escalated between him and his biggest political donor. Elon Musk, once Trump’s most high-profile donor and self-proclaimed “first buddy”, lambasted the “big beautiful bill” earlier this week – one of Trump’s key domestic policy initiatives that was recently passed by the House – lighting the fuse on a public fight that quickly...

Politics

3 d. ago China Renaissance’s investment in stablecoin issuer Circle pays off

China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle Internet Group more than doubled on their debut in New York. The Chinese investment bank said in a filing to the Hong Kong stock exchange on Friday that it had invested in Circle, which was founded in 2013, in 2018 through its Huaxing New Economy Fund. The investment reflected its “strong confidence in the growth prospects of the digital asset industry”,...

Economics

5 d. ago Airbus shares rise as it edges closer to major Chinese jet order

Airbus shares rise as it edges closer to major Chinese jet order  Reuters

Politics

7 d. ago Chinese Shares Fall in Hong Kong on New Trade Frictions With US

Chinese Shares Fall in Hong Kong on New Trade Frictions With US  Bloomberg

Politics

8 d. ago Harvard Chinese student’s graduation speech strikes a chord as Trump leads purge

A Chinese student’s graduation speech at Harvard University emphasising “shared humanity” and calling for global unity has gone viral, days after the Trump administration pledged to “aggressively” revoke the visas of students from China. Yurong “Luanna” Jiang is the first Chinese woman selected to be the student speaker at a Harvard graduation ceremony. Her emotional speech on Thursday was delivered on the same day that a federal judge blocked a Department of Homeland Security order seeking to...

Politics

1 week ago Unitree Robotics changes to joint stock limited company, fanning IPO speculation

China’s top humanoid robot start-up Unitree Robotics has converted into a company limited by shares, a move that has fanned speculation around its public listing plans, as Chinese robotics firms rapidly expand amid the country’s fervour for the artificial intelligence (AI)-enabled machines. Unitree has changed from a limited liability company into a joint stock limited company, an equivalent to a company limited by shares, according to records on Chinese corporate database Qichacha published on...

Politics

1 week ago Chinese robotics star Agibot adds JD.com as investor, joining Tencent

Chinese e-commerce giant JD.com has recently become a shareholder in Tencent Holdings-backed robotics star AgiBot, as China’s robotics industry has become one of the most closely watched sectors this year among investors and tech giants. AgiBot, also known as Zhiyuan Robotics, was established in 2023 by a founding team that included Huawei Technologies veterans and professors. The company recently added JD subsidiary JD Technology as a shareholder of its main entity, Shanghai Zhiyuan New...

Economics

1 week ago Hong Kong’s global mediation centre ‘to be on par with top courts at The Hague’

The set-up of a global mediation centre in Hong Kong will catapult the city to the international arbitration stage, enhance its influence and bring in economic benefits, the chief executive has said. City leader John Lee Ka-chiu shared his outlook just days before Chinese diplomat Wang Yi’s arrival in the city for the signing ceremony of the Convention on the Establishment of the International Organisation for Mediation. Speaking to reporters ahead of his meeting with the Executive Council on...

Events

1 week ago Hong Kong stocks extend drop as BYD, Meituan pace losses amid competition

Hong Kong stocks erased gains amid concerns that escalating competition among China’s leading carmakers and e-commerce operators will hurt margins and prompt investors to retreat. The Hang Seng Index fell 0.2 per cent to 23,241.23 at the local noon trading break on Tuesday, reversing an earlier gain of as much as 0.4 per cent. The Hang Seng Tech Index lost 0.6 per cent. On the mainland, the CSI 300 Index slipped 0.3 per cent while the Shanghai Composite Index declined 0.7 per cent. BYD tumbled...

Politics

2 w. ago Tesla Rival BYD Tumbles After Launching China EV Price War. Several Rivals Fire Back.

Tesla Rival BYD Tumbles After Launching China EV Price War. Several Rivals Fire Back.  Investor's Business Daily

Events

2 w. ago BYD’s price cuts shock China’s EV market, spark fears of price war escalation

BYD’s price cuts shock China’s EV market, spark fears of price war escalation  South China Morning Post

Events

2 w. ago Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears

Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears  Financial Times

Events

2 w. ago China’s Wang Chuanfu Loses $1.8 Billion As Investors Fear EV Price War

China’s Wang Chuanfu Loses $1.8 Billion As Investors Fear EV Price War  Forbes

Economics

2 w. ago Chinese EV Stocks Tumble After BYD Slashes Prices as Much as 34%

Chinese EV Stocks Tumble After BYD Slashes Prices as Much as 34%  Bloomberg.com

Politics

2 w. ago Shares of China's BYD continue to tumble following price cuts

Shares of China's BYD continue to tumble following price cuts  CNBC

Politics

2 w. ago Trump’s ‘gold card’ visa flops among rich Chinese amid trade war, crime fears

Trump’s ‘gold card’ visa flops among rich Chinese amid trade war, crime fears  South China Morning Post

Events

2 w. ago Alibaba lands US$250 million convertible bonds deal with selfie app giant Meitu

Chinese photo-editing app operator Meitu saw its shares in Hong Kong rise to a seven-year high on Wednesday, following the announcement of its strategic partnership with Alibaba Group Holding and the issuance of US$250 million in convertible bonds to a subsidiary of the e-commerce giant. After trading hours on Tuesday, Alibaba.com China conditionally agreed to subscribe to the convertible bonds for a term of three years, “at an initial conversion price of HK$6 per conversion share”, according to...

Economics

2 w. ago US envoy holds ‘candid’ first talks with senior Chinese official as trade tensions persist

New American ambassador David Perdue says he shares Trump’s priorities for ties after meeting Chinese foreign vice-minister.

Politics

3 w. ago India’s manufacturers fear influx of cheap Chinese imports amid US

From yarn to steel, India’s domestic industries say they’re being priced out as Chinese firms redirect exports away from the United States.

Politics

3 w. ago Nissan says it could share global plants with Chinese state firm Dongfeng

Nissan says it could share global plants with Chinese state firm Dongfeng  BBC

Economics