14 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

14 h. ago China's game industry reaches new heights, while overseas expansion gains momentum

China's game industry reaches new heights, while overseas expansion gains momentum  China Daily - Global Edition

Politics

15 h. ago China’s video game sales reach record in 2025 amid overseas expansion, AI investment

China’s video game industry revenue grew 7.7 per cent to a new high this year, as domestic titles from the likes of Tencent Holdings and NetEase continued to expand globally and bets on artificial intelligence paid off, according to data released on Friday by the country’s semi-official gaming industry association. The country’s gaming market posted total sales of 350.8 billion yuan (US$49.8 billion) for the year, breaking the previous record of 325.8 billion yuan set last year. The numbers were...

Economics

15 h. ago China’s video game sales reach record amid overseas expansion, AI investment

China’s video game sales reach record amid overseas expansion, AI investment  South China Morning Post

Economics

4 d. ago India’s property market enters the big league but challenges remain

Numbers do not always tell the whole story. But they are revealing nonetheless. In 2013, direct investment transaction volumes in India’s commercial property sector stood at around US$1.3 billion. By contrast, in China (excluding Hong Kong), investment activity reached US$27 billion. In South Korea, transactions stood at US$12.2 billion, data from MSCI shows. The woefully low level of investment in India – a leading emerging market that at the time was already the world’s third-largest economy...

Politics

1 week ago In reaching out to China, European states can’t keep acting alone

Few leaders travel to China seeking gravitas and return with only a couple of pandas, but French President Emmanuel Macron managed to do just that. After surrendering sovereignty to US President Donald Trump, Macron visited China seeking a validation that his citizens no longer grant. His authority at home has been eroded through cabinet implosions, collapsing support, stalled budgets and demands for his resignation. China could see that before he even stepped off the plane. Beijing handled a...

Politics

1 week ago Opinion | In reaching out to China, European states can’t keep acting alone

Opinion | In reaching out to China, European states can’t keep acting alone  South China Morning Post

Politics

1 week ago China's November crude oil imports reach highest daily level in 27 months

China's November crude oil imports reach highest daily level in 27 months  Reuters

Politics

1 week ago China’s trade surplus tops record US$1 trillion, defying trade war uncertainty

China has reached a new trade surplus milestone, surpassing last year’s record to hit an all-time high of US$1.076 trillion in the first 11 months of the year – driven by extensive efforts to diversify export markets and supply chains amid uncertainties from US President Donald Trump’s tariff war. The trade surplus from January to November was higher than the previous full-year record of US$992.2 billion in 2024. Meanwhile, the trade surplus for the first 10 months of this year totalled US$964.8...

Events

1 week ago First ‘home cat’ reached China 1,400 years ago via Tang dynasty Silk Road

From temple courtyards to trendy cafes, cats have long captivated hearts in China. Now, scientists have shed light on the pet’s origin in the country, suggesting its earliest presence dates back to the Tang dynasty (618-907), with its arrival via the Silk Road. A Tang dynasty provincial governor was recorded as the first person in Chinese history to name his dozens of cats. The avid cat lover also set aside a large area at home to play with them. Wu Zetian, China’s first and only woman emperor,...

Politics

2 w. ago As China defies US tech blockade, can local AI chipmakers capture Nvidia share?

With the technology race between the United States and China, the world’s two largest economies, intensifying even though a trade truce was reached in late October, analysts say the prospects of China achieving self-sufficiency in semiconductors and artificial intelligence (AI) are positive, despite American efforts to maintain leads in those fields. “If any country can do it [achieve self-sufficiency in semiconductors], it’s China, owing to its vast resources and pool of engineering talent,”...

Politics

2 w. ago IceCure Medical (NASDAQ: ICCM) adds China patent, IP portfolio reaches 55 assets

IceCure Medical (NASDAQ: ICCM) adds China patent, IP portfolio reaches 55 assets  Stock Titan

Politics

2 w. ago China's Liu, Han reach women's freeski final at FIS Big Air World Cup in Beijing

China's Liu, Han reach women's freeski final at FIS Big Air World Cup in Beijing  Xinhua

Politics

2 w. ago Bessent: China is reaching 'correct cadence' to complete promised US soybean purchases

Bessent: China is reaching 'correct cadence' to complete promised US soybean purchases  Reuters

Politics

2 w. ago China, Russia united against ‘Japanese militarism’ as Wang Yi, Shoigu meet

China and Russia had reached a “high degree” of strategic consensus on issues related to Japan and jointly opposed the revival of “Japanese militarism”, a readout from Beijing said after Foreign Minister Wang Yi met chief Kremlin security aide Sergei Shoigu in Moscow. Statements from the World War II allies after Tuesday’s meeting indicated continued solidarity amid growing China-Japan tensions. Shoigu, a close ally of Russian President Vladimir Putin, also told Wang that Russia could achieve...

Events

2 w. ago China Boosts Intelligence Reach in South China Sea, Report Says

China Boosts Intelligence Reach in South China Sea, Report Says  Bloomberg.com

Politics

2 w. ago EU’s former top diplomat Mogherini detained in training fraud probe: source

The EU’s former foreign policy chief Federica Mogherini was taken into custody on Tuesday as police staged raids probing a suspected fraud scheme involving the training of European diplomats. Mogherini, who was high representative for foreign affairs from 2014 to 2019, now leads the College of Europe graduate school whose premises were searched along with the offices of the European External Action Service (EEAS) diplomatic service. The 52-year-old Italian was arrested in Brussels along with the...

Politics

2 w. ago China's military reaching further, more frequently into Pacific, says Australia

China's military reaching further, more frequently into Pacific, says Australia  Reuters

Events

2 w. ago China’s global market share of auto sales reached 38% in October 2025

China’s global market share of auto sales reached 38% in October 2025  CarNewsChina.com

Economics

2 w. ago China’s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline

Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio. The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday’s closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday. The...

Economics