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Shanghai

Former Huawei ‘Genius Youth’ recruit launches humanoid robots to rival Tesla’s Optimus

by Anas Siddiqui
Former Huawei ‘Genius Youth’ recruit launches humanoid robots to rival Tesla’s Optimus

“We have made some breakthroughs … in product research and development in the past year, and we’re now at the forefront of the industry,” 31-year-old Peng declared at the online …

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Tech war: Shanghai injects US$1 billion to chip fund as China strives for self-reliance

by Anas Siddiqui
Tech war: Shanghai injects US billion to chip fund as China strives for self-reliance

The Shanghai Semiconductor Industry Investment Fund (SSIIF), run by the municipal government to support the local chip industry, has doubled its size to around US$2 billion after a new funding …

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Alibaba’s long-awaited China stock link may provide timely boost

by Anas Siddiqui
Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about US$20 …

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Luxury properties defy China’s slumping home sales as big-city buyers splash out

by Anas Siddiqui
Luxury properties defy China’s slumping home sales as big-city buyers splash out

China’s premium property market is in the midst of a recovery despite the gloomy mass market, as two luxury projects in Shanghai sold out soon after they were launched over …

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Hong Kong’s pension regulator to give members bigger say in picking providers, investments

by Anas Siddiqui
Hong Kong’s pension regulator to give members bigger say in picking providers, investments

“After introducing the eMPF and the scrapping of the offset mechanism, it is the right time to study how to implement the ‘whole-free walk’ scheme to allow employees to switch …

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Hong Kong stocks drop for second day, miss regional rally amid soft economic data

by Anas Siddiqui
Hong Kong stocks drop for second day, miss regional rally amid soft economic data

Hong Kong stocks weakened for a second day, left out of a broader Asian rally, after a mixed bag of economic data for mainland China reinforced growth concerns. The Fed …

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China’s stock market turnover sinks to 4-year low as investors fret over stimulus

by Anas Siddiqui
China’s stock market turnover sinks to 4-year low as investors fret over stimulus

The daily turnover on China’s onshore markets has slumped to the lowest in four years, indicating investors are awaiting clearer signals on the policy front to support the economy, before …

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Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why

by Anas Siddiqui
Hong Kong is emerging as a key market and testing ground for Chinese EV makers. Here’s why

The market share of Chinese EV brands in Hong Kong nearly doubled to 30 per cent in June, from 16 per cent a year ago, amid an influx of carmakers …

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SA series ‘Spinners’ beats ‘Succession’ in Shanghai

by Kwame Phillips
SA series ‘Spinners’ beats ‘Succession’ in Shanghai

The first season of Spinners has beat the Emmy-winning final season of Succession for Best Foreign TV Series at the 29th Shanghai TV Festival’s Magnolia Awards, one of the biggest …

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China’s July home prices fall at a slower pace as state support shows ‘some effect’

by Anas Siddiqui
China’s July home prices fall at a slower pace as state support shows ‘some effect’

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has done little to revive sentiment. Prices of new homes in …

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