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economic recovery

China’s stock investors cannot gauge sentiment as regulator cuts access to key data

by Anas Siddiqui
China’s stock investors cannot gauge sentiment as regulator cuts access to key data

China’s stock exchanges have stopped real-time data feed on foreign inflows into onshore equities from Monday, stripping domestic traders of a gauge of market sentiment, as regulators seek to downplay …

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PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

by Anas Siddiqui
PDD-owned Temu’s first-half sales surge to US billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this year, …

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China tech stocks are back in favour with sceptic who had questioned their investibility

by Anas Siddiqui
China tech stocks are back in favour with sceptic who had questioned their investibility

Chinese tech shares have raced ahead of earnings, and investors expect companies to deliver in an improving economy before buying more stock, according to an analyst who once questioned the …

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Opinion | The sceptics say Hong Kong is over. China’s trajectory says otherwise

by Walter Watson
Opinion | The sceptics say Hong Kong is over. China’s trajectory says otherwise

In fact, measured by purchasing power parity (PPP), China is already the world’s largest economy. This method is straightforward. For instance, if a hamburger is selling in Shanghai for 20 …

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Alibaba sells stake in e-commerce branding services firm Baozun for US$21.8 million as part of corporate restructuring

by Anas Siddiqui
Alibaba sells stake in e-commerce branding services firm Baozun for US.8 million as part of corporate restructuring

Hangzhou-based Alibaba, owner of the South China Morning Post, on Thursday signed a deal to sell 26.5 million Baozun shares to Champion Kerry for US$21.8 million, according to Baozun’s latest …

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JD.com commits US$900 million to support nationwide trade-in programme for home appliances, consumer goods

by Anas Siddiqui
JD.com commits US0 million to support nationwide trade-in programme for home appliances, consumer goods

Chinese e-commerce giant JD.com is investing more than 6.5 billion yuan (US$900 million) with partners to bolster this year’s nationwide trade-in programme for home appliances and consumer goods, part of …

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Filipinos more concerned about inflation, jobs as Marcos Jnr focuses more on South China Sea

by Walter Watson
Filipinos more concerned about inflation, jobs as Marcos Jnr focuses more on South China Sea

Only 14 per cent of respondents said Congress should focus on China’s aggression in the West Philippine Sea. Other issues such as rising criminality and more illegal drug users – …

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Opinion | Hong Kong must turn Greater Bay Area integration challenges into opportunities

by Walter Watson
Opinion | Hong Kong must turn Greater Bay Area integration challenges into opportunities

Between March 28 and April 8, which includes the extended Easter weekend and Ching Ming Festival, a staggering 3.6 million Hong Kong residents went north via land control points, compared …

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Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

by Anas Siddiqui
Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions …

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China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

by Anas Siddiqui
China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

China’s economy will show gradual improvement in 2024, propelled by manufacturing and consumption, rather than property and local government financing, amid a structural shift towards high-quality growth drivers, Peiqian Liu, …

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