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29.04.26 - 13:30
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China taps the brakes on robotaxi licences after Wuhan incident: sources (SCMP)
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China's robotaxi sector has hit a speed bump after regulators tightened licensing requirements while reviewing the causes of a recent incident in Wuhan that left passengers stranded and disrupted traffic for hours.
Authorities had begun scaling back the issuance of autonomous driving licences, according to two sources familiar with the matter. The sources requested anonymity as they were not authorised to speak to the media.
The curbs, however, do not amount to a complete halt. Officials still......
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29.04.26 - 13:30
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Hong Kong penthouse sells for US$54m to mainland Chinese buyer as luxury demand spikes (SCMP)
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A top-floor residence at High Peak in Hong Kong's Mid-Levels West neighbourhood has sold for HK$420 million (US$53.7 million) as activity in Hong Kong's high-end housing segment remains heated after a strong first quarter.
The penthouse unit at 23 Po Shan Road sold to a company called Shine Action on April 8, Land Registry records showed. The buyer is believed to be a mainland resident, based on the name of Shine Action's director in the Companies Registry, Zheng Jiang.
Momentum at the pinnacle......
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29.04.26 - 13:12
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China names Liu Haoling as CSRC deputy amid market stabilisation push (SCMP)
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China has appointed a senior sovereign wealth fund executive as a deputy head of its securities regulator, in the latest leadership reshuffle aimed at steadying the country's capital markets.
Liu Haoling was named vice-chairman of the China Securities Regulatory Commission (CSRC) by the State Council, according to a statement posted on the agency's website on Wednesday.
He was also appointed to the regulator's Communist Party committee.
It was not immediately clear which portfolios Liu would......
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29.04.26 - 12:36
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Ikea to open first small-format Beijing store to tap China′s changing consumer trends (SCMP)
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Multinational furniture retailer Ikea says it will open its first small-format store in Beijing on Thursday, aiming at convenience and efficiency that analysts believe could lift footfall by bringing the brand closer to consumers amid shifting trends.
The move comes after the company shut seven large outlets across mainland China in early February, as it grapples with the country's rapidly changing consumer trends and declining demand for new-home furnishing amid a sluggish property......
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29.04.26 - 11:18
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BYD, Geely tap global EV demand to escape China price wars (SCMP)
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BYD and Geely Auto, vying to be China's biggest carmaker, both rose in Hong Kong stock trading as higher exports offset concerns about domestic price competition.
Electric-vehicle giant BYD climbed 4.4 per cent on Wednesday even after reporting a 55 per cent drop in first-quarter net income to 4.09 billion yuan (US$590 billion), the lowest quarterly profit in three years. Geely gained 2.6 per cent, overcoming a 27 per cent decline in earnings to 4.2 billion yuan.
BYD sold 46 per cent of its......
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29.04.26 - 10:36
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Hong Kong, mainland China officials meet to bolster cross-border connect schemes (SCMP)
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Financial officials from Hong Kong and mainland China met on Tuesday to discuss strengthening cross-border connect schemes, according to a statement from the State Administration of Foreign Exchange (SAFE).
The meeting between Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man and People's Bank of China (PBOC) deputy governor Zhu Hexin, who is also SAFE administrator, touched on ways to bolster the city's role as an international financial centre, the statement said. SAFE......
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29.04.26 - 09:36
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China′s Alibaba, ByteDance and Zhipu AI make the cut on Time′s first AI A-list (SCMP)
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Three Chinese companies – Alibaba Group Holding, ByteDance and Zhipu AI – have been named among Time magazine's “10 Most Influential AI Companies of 2026”, marking the first time the publication has introduced an artificial intelligence-specific sub-list under its broader Time100 Most Influential Companies ranking.
Of the remaining seven companies on the list, six are based in the US, while France's Mistral AI is the only European representative.
The launch of a dedicated AI ranking underscores......
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29.04.26 - 09:30
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China′s EV makers to cut charging times; Tesla rival Li Auto′s expansion: 7 EV reads (SCMP)
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. China's EV and battery makers race to cut charging times to under 10 minutes
Battery makers and electric vehicle (EV) manufacturers have seized on the Beijing Auto Show to showcase technologies promising shorter charging times in a race triggered by BYD and Contemporary Amperex......
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