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China economy
Chinese restaurant chain Green Tea operates 489 restaurants in more than two dozen mainland Chinese cities. Photo: Green Tea Group
IPO

Chinese restaurant chain makes its fifth attempt to list in Hong Kong

The Hangzhou-based budget-dining chain has yet to reveal the amount it plans to raise from the stock offering.

Banking & finance

China’s Pop Mart exercises pricing power as Labubu popularity surges abroad

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US-China trade war

‘Nothing like this in US’: for China’s robot makers, Trump’s tariffs don’t bite

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TSMC

TSMC shows off new tech for stitching together bigger, faster chips

The Taiwanese chipmaking giant will begin production with its advanced A14 fabrication process in 2028.

A TSMC logo is seen at the Hsinchu Science Park in Taiwan. Photo: AFP
A TSMC logo is seen at the Hsinchu Science Park in Taiwan. Photo: AFP
Hong Kong stock market

Hong Kong stocks decline as US-China tariff tensions weigh on market sentiment

US Treasury Secretary says President Trump has not offered to remove tariffs on China on a unilateral basis.

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Electric & new energy vehicles

Hesai to quadruple lidar output to extend lead in laser range finders

The company plans to boost production to 2 million units this year from about 502,000 units in 2024, founder and CEO David Li Yifan says.

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Semiconductors

Shanghai chip firm doubles quarterly profit as China expands supply chain role

Semiconductor design firm Montage Technology is currently one of the world’s three main suppliers of connector chips to the DRAM market.

Montage Technology’s latest input/output hub chip for cloud computing, big data and enterprise storage applications. Photo: Montage Technology
Montage Technology’s latest input/output hub chip for cloud computing, big data and enterprise storage applications. Photo: Montage Technology
Electric & new energy vehicles

No-shows at Shanghai car expo reflect brutal mainland competition

Hyundai, Hozon, Jaguar Land Rover, Polestar and nearly a dozen other marques miss the world’s largest auto event.

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Electric & new energy vehicles

Japan’s Nissan looks to export China-made electric cars in global expansion push

Nissan displayed two new vehicles at the Shanghai Auto Show on Wednesday as part of an effort to launch 10 new-energy vehicles by mid-2027.

Tencent

WeChat helps Chinese tourists book tables at 870,000 dining spots across Japan

The Chinese-language version of Tabelog, a popular Japanese restaurant review website, is now available as a mini program on WeChat.

WeChat’s latest mini program offers mainland Chinese tourists in Japan the convenience of finding and booking tables at more than 800,000 dining establishments across the country. Photo: Shutterstock
Electric & new energy vehicles

Chinese robotaxi firm Pony.ai eyes global expansion, unveils 3 models

The industry will see wider adoption and a big jump in the number of robotaxis in the next three years, Pony.ai CEO James Peng says.

An employee of robotaxi firm Pony.ai is seen behind the wheel of a self-driven car in Guangzhou in March. Photo: Xinhua
An employee of robotaxi firm Pony.ai is seen behind the wheel of a self-driven car in Guangzhou in March. Photo: Xinhua
Artificial intelligence

Flurry of Chinese AI updates come amid tightening Nvidia restrictions

Alibaba, Baidu, ByteDance and Tencent have introduced updates to AI agents and visual applications in recent days.

Semiconductors

China’s memory chip giant issues rare recruitment ad for Japan unit

The hiring notice sheds light on CXMT’s Japanese subsidiary for the first time since it was established in 2020.

China property

Beijing, Shanghai lead global construction of life sciences centres, CBRE says

Construction of nearly 14 million sq ft of R&D facilities is under way in China’s top two cities, report says.

The Zhongguancun life science park in Beijing. China leads the world in the construction of life science facilities, according to CBRE. Photo: Handout
Bonds

Sales of keepwell bonds to shrink after ‘epic, unproductive’ court fight: S&P

A PUFG case comes up short in a test of the keepwell structure’s ability to address subordination risk in a default, S&P says.

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Peking University Founder Group, the business arm of one of China’s prestigious colleges. Photo: Weibo
Peking University Founder Group, the business arm of one of China’s prestigious colleges. Photo: Weibo
Hong Kong stock market

Hang Seng Index crosses 22,000 on hopes of a thaw in US-China trade tensions

Trump’s comments to make a ‘nice’ deal with China and that he has no intention of firing Fed chair Powell lift sentiment.

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US-China trade war

Trade war upends Chinese firms’ US gas contracts, plans: S&P Global

State-backed energy firms and private distributors may have to renegotiate long-term liquefied-natural-gas contracts, analysts say.

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Business of climate change

China’s energy-storage sector in trouble as price war, tariffs dent outlook

Slower capital spending and weaker prices projected as tariffs set to hit China’s biggest export market for energy-storage systems.

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Inside a factory owned by RJECTech, which produces battery storage products in Nansha, Guangzhou province. Photo: Eugene Lee
Inside a factory owned by RJECTech, which produces battery storage products in Nansha, Guangzhou province. Photo: Eugene Lee
Electric & new energy vehicles

Chinese EV makers take spotlight as Tesla skips Shanghai Auto Show

Firms including BYD, Nio, Geely, Xiaomi and Leapmotor will showcase new and existing models at the two-week event starting on Wednesday.

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Robotics

China’s humanoid robot half-marathon puts technology’s limits on public display

Videos of robots falling, trembling and struggling to stay upright circulated widely, with only six out of 21 finishing the race.

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Electric & new energy vehicles

Chinese EV maker Nio to join fray in right-hand-drive car markets

Company’s Firefly minicar, priced around US$16,400, will be competitive in global markets despite tariffs, president says.

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William Li, CEO of Chinese EV maker Nio, poses next to the company’s ET9, in Shanghai on April 22, 2025. Photo: Reuters
IPO

Chinese tech companies eye US listings amid market turmoil, trade war

Beijing Smart Walnut Education Technology, Shenzhen Cloudsky Technologies, Zaihui and Zhonghe Group among firms considering IPOs in the US.

The facade of the New York Stock Exchange Building. The US market’s high liquidity is a lure for Chinese companies. Photo: Shutterstock
The facade of the New York Stock Exchange Building. The US market’s high liquidity is a lure for Chinese companies. Photo: Shutterstock
ETFs

Chinese gold ETFs glow as investors chase metal’s historic rise

The mainland’s 13 gold ETFs bulge by US$9.6 billion, as the metal’s lure as a haven asset grows.

E-commerce

JD.com boss delivers food in publicity stunt to challenge Meituan

The move reflects the e-commerce giant’s commitment to expanding its recently launched food delivery business, analysts say.

Artificial intelligence

Nvidia CEO Jensen Huang lobbies Japan to boost power generation for AI

‘The country needs to build new infrastructure,’ Huang says.

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Japanese Prime Minister Shigeru Ishiba, right, receives a gift from Nvidia chief executive Jensen Huang at the start of their meeting in Tokyo on April 21, 2025. Photo: EPA-EFE
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