3 h. ago New railway lines put Guinea and Algeria on track to send iron ore to China

China is poised to begin receiving iron ore shipments from Guinea and Algeria this year, as Chinese firms complete the railway lines and ports needed to overcome logistical bottlenecks. For years, the lack of railway infrastructure connecting mine sites to port facilities had stymied iron ore exports from both nations. These massive projects are strategically important to China as it tries to diversify its supply of iron ore away from Australia and Brazil, which together account for about 80 per...

Politics

10 h. ago Shareholders of Chinese firms eye Hong Kong for family offices: asset manager

Shareholders of mainland Chinese companies are showing increasing interest in setting up family offices in Hong Kong after their initial public offerings amid a swelling pipeline of new listings in the city, according to an asset manager overseeing up to US$2 billion in wealth. “This week alone, I have met two clients inquiring about family office services and tonight I am meeting another – lots of overtime,” said Wang Fengyu, founder and chairman of Hong Kong-based Oakwise Capital, in an...

Society

27 h. ago China cashier steals US$2.4 million from firm to fund cosmetic work, ritzy image

A woman in China who earned a modest 8,000 yuan (US$1,100) a month embezzled nearly 17 million yuan (US$2.4 million) to pay for a lavish lifestyle and undergo a range of cosmetic surgeries. The image-changing sessions took place four times a year over a six-year period and cost 300,000 yuan (US$42,000) each time. She also cultivated a wealthy image on social media, spending about two million yuan (US$278,000) a year on luxury goods. These included diamond bracelets worth more than 100,000 yuan...

Economics

67 h. ago Chinese firms in Mexico expected to keep US free trade perks despite rivalry

Chinese-funded factories in Mexico are “very unlikely” to be excluded from preferential treatment under the United States-Mexico-Canada Agreement (USMCA) despite the free trade deal being up for review next year, a Mexican envoy said on Thursday. “There is no indication that there are going to be restrictions targeting Chinese companies,” David Trujillo, deputy commercial counsellor at the Mexican Embassy in China, told the Post on the sidelines of the China International Supply Chain...

Politics

2 d. ago Chinese AI agent firms lag US, but seek to close gap amid OpenAI’s latest push

China’s AI agents currently lag behind the US in commercialisation but adoption is speeding up, according to new research on the heels of OpenAI’s launch of a ChatGPT agent that is set to push the bar higher. Orders and revenues of overseas AI agent makers exceeded those of Chinese firms “by an order of magnitude” in 2024 to 2025, according to a report released on Friday by the China International Capital Corporation (CICC). That was thanks to their corporate clients’ higher IT budgets and a...

Politics

3 d. ago Exclusive: India's top think tank recommends easing investment rules for Chinese firms, sources say

Exclusive: India's top think tank recommends easing investment rules for Chinese firms, sources say  Reuters

Economics

4 d. ago Wahaha heiress’ inheritance battle puts Chinese family firms in spotlight

Kelly Zong Fuli, chairwoman and CEO of mainland China’s largest soft-drinks producer Hangzhou Wahaha Group, is embroiled in a wealth-inheritance dispute that has prompted questions about the sustainability of the country’s family businesses. The daughter of late founder Zong Qinghou is facing two lawsuits as three plaintiffs, claiming to be her half-brothers and half-sister, seek to prevent her from dealing with assets worth about US$2 billion. The feud surfaced just a year after the heiress won...

Events

4 d. ago Baidu signs deal with Uber to deploy Apollo Go robotaxis in Asia, Middle East

Chinese search engine and AI giant Baidu and global taxi-hailing firm Uber Technologies have agreed to work together to deploy thousands of Baidu Apollo Go robotaxis in markets outside the US and mainland China, a move that comes as Tesla seeks to expand its robotaxis in the US. The multi-year deal will see robotaxis deployed in Asia and the Middle East later this year, according to a joint statement. It was unclear whether the partnership would include Hong Kong, where Baidu’s Apollo Go...

Economics

5 d. ago What if Chinese, US firms make humanoid robots together? CEO calls for a collab

The founder of a prominent Chinese robotics start-up sees great value in working with American peers to advance the global development of humanoid robots – and his call for stronger collaboration between the fractious trade partners comes as China’s private sector is playing an increasingly larger role in innovation. “China has a deep foundation in manufacturing and hardware, while the United States possesses a rich AI software ecosystem,” said Wang Xingxing, founder and CEO of Hangzhou-based...

Economics

6 d. ago Chinese firms rush to buy Nvidia AI chips as sales set to resume

Chinese firms rush to buy Nvidia AI chips as sales set to resume  Reuters

Economics

6 d. ago Chinese firms’ H stocks trade at smallest discount to onshore shares in 5 years

The Hong Kong shares of dual-listed Chinese companies are trading at the smallest discount to their onshore peers in nearly five years, as a weaker US dollar spurs inflows and mainland investors snap up these stocks. The H shares of 160 firms, including Industrial and Commercial Bank of China and BYD, are trading 22 per cent below their mainland-listed A shares, according to a Hang Seng gauge tracking the disparity between the two markets. That marked the smallest gap since June 2020, as trading...

Politics

6 d. ago Chinese firms scramble to buy Nvidia AI chips as it plans to resume sales

Chinese firms scramble to buy Nvidia AI chips as it plans to resume sales  Reuters

Economics

7 d. ago Opinion | For Chinese firms going out, global success requires truly ‘going in’

Opinion | For Chinese firms going out, global success requires truly ‘going in’  South China Morning Post

Politics

9 d. ago Chinese law firms in ‘pivotal moment’ as they answer the call to go global

Chinese lawyers are making inroads into the global legal services market in response to growing demand from their compatriots abroad and a push from Beijing. They say that as more Chinese companies expand their footprint overseas many prefer to get legal support from Chinese lawyers and have more trust in them, but winning over clients from elsewhere is a challenge at a time of rising geopolitical tensions. Beijing has been pressing for more legal professionals to offer their services abroad to...

Politics

9 d. ago Chinese biotech firms eye foreign pharma’s fat profits in weight loss drug market

When Hong Kong office worker W.K. Chan began putting on weight as a teenager, her doctor said it was due to hormonal imbalances that slowed her metabolism. She reached a peak weight of 100kg about a year ago, but has since lost 25kg. The secret to losing a quarter of her weight? Chan, who asked not to be identified by her full name, was one of the city’s first 200 chronic obesity patients to receive access to a new weight loss drug, originally developed for diabetes. At a cost of HK$2,700...

Economics

1 week ago Why dozens of Chinese firms are joining the weight loss drugs fray

Sales of weight-loss drugs in the West have soared in recent years, driven by the approval of a new class of more effective medication, the rapid growth in obese populations owing to poor diet and lack of exercise, and endorsements by celebrities and social media influencers. In China, over 60 late-stage drugs are undergoing clinical trials. In the coming years, these may compete with the products of incumbents such as Denmark’s Novo Nordisk and US-based Eli Lilly, Boston-based global...

Economics

1 week ago Beijing 'firmly' opposes arrest of Chinese citizen in Italy at US request

Beijing 'firmly' opposes arrest of Chinese citizen in Italy at US request  Anadolu Ajansı

Events

1 week ago Chinese design firm converts swimming pool into office, triggers safety probe

A Chinese decoration company has sparked online controversy and amusement after it converted a drained swimming pool into a temporary office. Staff get down to business in the “deep end” before exiting the office using the original poolside ladders. The quirky set-up came to light after an employee from Luban Decoration Group, based in Chengdu, Sichuan province, southwestern China, posted a video online entitled “Swimming Pool Transformed into Office Space”. The clip quickly went...

Politics

2 w. ago In retaliatory move, China blocks EU companies from medical device contracts

China has barred European companies from major Chinese government medical device contracts, hitting back against similar EU restrictions imposed on Chinese firms last month. In a notice on Sunday, the Ministry of Finance said that European Union companies without operations in China were excluded from government medical device contracts valued at more than 45 million yuan (US$6.3 million). Taking effect on Sunday, the restriction does not apply to EU-funded companies operating in China. Non-EU...

Politics

2 w. ago China blocks EU companies from medical device contracts in tit

China has barred European companies from major Chinese government medical device contracts, hitting back against similar EU restrictions imposed on Chinese firms last month. In a notice on Sunday, the Ministry of Finance said that European Union companies without operations in China were excluded from government medical device contracts valued at more than 45 million yuan (US$6.3 million). Taking effect on Sunday, the restriction does not apply to EU-funded companies operating in China. Non-EU...

Politics