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Chinese electric vehicle (EV) king BYD aims for a 24 per cent increase in its overseas deliveries in 2026, buoyed by an expanded sales network and new model launches, as it pursues growth abroad to counteract a slowing domestic market. The Shenzhen-based company, the world's largest builder of pure electric and plug-in hybrid vehicles, expected to sell 1.3 million cars this year outside mainland China, up 24.3 per cent from 2025, said Li Yunfei, general manager of branding and public relations,......

Jensen Huang marked the coming Lunar New Year with Nvidia employees in Shanghai on Saturday, as the CEO of the world's most valuable company made his first trip to China in 2026 amid uncertainties around its H200 graphics processing unit (GPU). Huang received a rock-star welcome when he joined Nvidia's annual Lunar New Year celebration, according to two employees who asked not to be named as they were not authorised to speak to the media. Huang gave a speech and handed out tangerines that he......

Singapore Exchange (SGX) Group is seeking to widen its cross-listing schemes with Shanghai and Shenzhen and explore partnerships with Hong Kong Exchanges and Clearing (HKEX) and other exchanges, according to its CEO. “Connectivity, in my view, is the new architecture for capital markets,” said Loh Boon Chye in an exclusive interview with the Post during his visit to Shenzhen last week. “We look towards more connectivity, not just with China but with other like-minded exchanges.” Loh said if......

After five years of playing catch-up, China has produced a worthy “Tesla killer”, a massive achievement for the country's premium electric vehicle (EV) makers that is set to stoke national pride. Sales of Xiaomi's fully electric SU7 on the mainland stood at 258,164 last year, nearly 30 per cent higher than the Model 3's deliveries of 200,361 units, according to data from the China Passenger Car Association (CPCA). Since its debut in China at the end of 2019, the Model 3, assembled at the......

As the number of people living alone in China skyrockets, a wave of products and services is emerging to address the safety, social and mental health needs of the country's solo-living population, analysts said. The issue was thrust into the public spotlight earlier this month, when a check-in app called Are You Dead? – or Sileme in Chinese – briefly surged to the top of paid app charts in mainland China and several other markets, revealing the scale of China's vast and rapidly expanding solo......

Hong Kong's housing market may be on the verge of a sharp rebound and a new upcycle after four years of decline, according to Praveen Choudhary, head of Asia gaming, Hong Kong and India property research at Morgan Stanley. Choudhary expects home prices to rise about 10 per cent in 2026 – among the most bullish forecasts for a market that has fallen roughly 30 per cent from a peak in 2021. For him, the call is less about a single year's gain and more about a shift in the cycle after years of......

The new year kicked off with the blockbuster public market debuts of two Chinese artificial intelligence high-flyers – Zhipu AI and MiniMax – making them the world's first publicly listed large language model (LLM) start-ups. The listings put them ahead of US rivals including Microsoft-backed OpenAI and Amazon.com-supported Anthropic, which have yet to reach public markets. Both Chinese companies have been backed by heavyweight investors, including state-linked funds and big tech groups such as......

Hong Kong homebuyers continued to show strong demand for new residential launches over the weekend, potentially pushing primary market transactions to a five-month high, according to agents. By 3.30pm on Saturday, about two-thirds of the 108 units released at Park Seasons – a Lohas Park project in Tseung Kwan O developed by Wheelock Properties and the city's subway operator MTR Corp – had found buyers, agents said. On Friday, all 60 units on offer at K. Wah International's Kabitat Tin Hau......

Nvidia CEO Jensen Huang has begun his latest trip to China, visiting the chipmaker's Shanghai office at a time when Beijing is expected to allow imports of the company's H200 artificial intelligence chips, according to media reports. Huang met Shanghai-based staff to review Nvidia's milestones for 2025 and discuss its product pipeline for the year ahead, although the H200 was not mentioned in the discussion, Tencent Holdings' news portal reported on Friday. The report included a photograph of a......

The plans of Alibaba Group Holding and Baidu to list their semiconductor design units could intensify competition with other domestic artificial intelligence chip developers to unseat Nvidia as the country's top supplier of high-performance AI processors, according to analysts. The two Chinese internet peers' initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater......

The US-China tech rivalry is no longer confined to the laboratories, fabs and boardrooms of the industry's biggest names – the artificial intelligence battlefield has now expanded into the capital markets, where ambition is priced in real time. As Washington and Beijing push rival technology ecosystems, initial public offerings and listings are becoming a high-stakes referendum on who gets funding, credibility and, most of all, the runway to scale. Across the Pacific, the contest has been......

Chinese regulators are targeting one of the world's biggest travel platforms in an anti-monopoly probe after complaints it had hurt travellers and travel operators in China's expansive tourism market, analysts said. Unlike the broad legal actions against Chinese tech firms and cram schools five years ago, the investigation into Trip.com is seen as a relatively isolated case – yet one that might precipitate others – in response to issues over commissions, exclusivity and the sophisticated use of......

DJI, a dominant force in the global drone and camera-stabiliser markets that has come under siege from fierce competition and a protracted trade war, is navigating an unprecedented situation: as it grapples with expanded US tariffs and tightened scrutiny, products bearing striking resemblances to its own designs are emerging in the market under other brands. The next “clone” may be a wearable action camera – the Xtra ATTO – which is expected to enter the US market in the first half of the year.......

TikTok has officially launched a US joint venture tasked with “safeguarding the American content ecosystem”, with commercial activities such as e-commerce, advertising and marketing remaining under the company's existing US entities. The arrangement has been widely compared with Apple's 2018 move to transfer mainland Chinese iCloud user data to Guizhou-Cloud Big Data (GCBD), according to Chinese media. GCBD is a project owned by the Guizhou provincial government-backed company AIPO Cloud......

Chinese tech giant Tencent Holdings cited data privacy risks after its request to remove open-source WeChat export tools from GitHub sparked an online backlash. Some of the projects claiming access to WeChat chat records have used reverse engineering, among other techniques, to crack local database keys, bypassing the app's encryption mechanisms, according to Tencent. “These actions compromise user privacy and data security and could be exploited by malicious actors,” Tencent said in a statement......

Life insurance sales in Hong Kong rose 56 per cent in the first nine months of last year to another record as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs. The industry wrote HK$264.5 billion (US$34 billion) worth of new policies from January to September, compared with HK$169.6 billion a year earlier, according to data from the Insurance Authority on Friday. It was the highest figure for the corresponding period since the authority......

China will probably lower its economic growth target this year, the Post reported, as domestic challenges weigh on the nation's two-speed economy (see SCMP Plus factsheet). Policymakers may set a target range of 4.5 per cent to 5 per cent, the Post said, citing three unidentified people briefed on the matter. That compares with a goal of “about 5 per cent” in each of the last three years. The potential cut reflects a focus on “high-quality” development and a shift away from assessing local......

Zhipu AI, known internationally as Z.ai, is restricting sign-ups for its new flagship artificial intelligence coding product, as existing users face performance issues amid a computing crunch that continues to beset Chinese AI firms. On Wednesday, the Beijing-based firm announced in a WeChat post that it would limit new sign-ups for its GLM Coding Plan to 20 per cent of existing levels and crack down on “malicious” use. This issue reflected the challenge faced by a growing number of Chinese AI......

A Nomura Holdings banker has bought a detached luxury house at Villa Rosa in Hong Kong's Southern District for HK$75 million (US$9.6 million), highlighting the gradual return of foreign professionals and senior executives to the city's high-end residential market as prices soften. Sachin Tulshyan, a Hong Kong-based managing director for equity products at Nomura, acquired the four-bedroom house in Tai Tam on December 5, according to Land Registry records. House 16 at Villa Rosa, has a saleable......

China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition with Elon Musk's SpaceX. The Shanghai Stock Exchange has issued questions on LandSpace Technology's IPO application, according to an update late on Thursday, advancing the company's plan to raise 7.5 billion yuan (US$1 billion) on the tech-focused Star market. IPO preparations also advanced at......