Latest Business News & Archive

Unitree spends nearly 100m yuan to appear on CCTV gala as 70% of humanoid robot revenue still comes from universities

As humanoid robot companies compete for exposure at the CCTV Spring Festival Gala and move towards capital-market listings, questions are being raised over the revenue structures, data-collection-centre model and commercial viability of firms including Unitree Robotics.

South Korea opens after-hours trading as Nasdaq plans 23-hour sessions — more trading time, but is the pie getting any bigger?

The Korea Exchange will extend trading until 8pm from September 14, while Nasdaq has confirmed plans to introduce five-day, 23-hour trading from December 6. Both are adding hours to compete with the round-the-clock cryptocurrency market.

Shein’s HK IPO sees retail rush but fails to hold offer price in first week

Shein’s public offering was 5.63 times oversubscribed, yet its shares fell a cumulative 8% in the first three trading sessions. Analysts said the small public tranche, locked-up cornerstone shares and weakening fundamentals had all weighed on its short-term performance.

At property owners’ grievance meeting, Ma Kiu-sang criticises banks for ‘not lending’; family sells final shops in Hung Hom building same day

The recent sale of several properties by the Ma Kiu-sang family — from strong returns in Wuhu Street to losses at The Center — highlights the volatility and challenges facing Hong Kong’s retail property market.

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ByteDance's Douyin Overtakes WeChat in User Engagement: What It Means for Advertisers

Nomura's data shows ByteDance's apps surpassing Tencent in user time, but the comparison may misrepresent advertising competitiveness due to differing app functionalities.

Gary zhou Sep 09, 2026

"Alibaba Just Sent Its Newest Executives Back to 1999" — kept as a secondary/dek option, matches the source's own retrospective framing.

Alibaba has restructured its wholesale operations, merging 1688 with its international arm, amidst AI advancements and market shifts. This move highlights a strategic focus on factory relationships over ad auctions.

Gary zhou Sep 09, 2026

China's Top 10 Retail Models Cleared of Gasoline Cars — For the Second Time This Year China's wholesale charts tell a different story

In August, China's top ten best-selling passenger vehicles were all new-energy models, highlighting a shift as gasoline cars increasingly target export markets due to domestic fuel price hikes.

Gary zhou Sep 09, 2026

Copper's Record High Isn't About AI Chips. It's About the Grid AI Runs On.

Prices hit an all-time high in early September even as exchange inventories rose and spot premiums vanished — a pattern that points less to a physical shortage than to a policy-driven scramble, with electrification, not data-center hardware, doing the heavy lifting.

Gary zhou Sep 08, 2026

Moore Threads' 20% Drop Looked Like a Verdict on China's GPUs. The Money Flows Say Something Narrower.

Explore the implications of Moore Threads' stock movement post-lockup expiry, as capital shifts within China's semiconductor sector. Discover how ETF inflows and AI-hardware rallies signal investor strategies beyond a single stock's decline.

Gary zhou Sep 08, 2026

Why Tesla's China Discount Isn't Called a "Price Cut"

Foreign coverage has already labeled Tesla's September incentives in China a price cut. What it hasn't connected: the careful way Tesla itself describes the offer, and the margin backdrop it's happening against.

Gary zhou Sep 08, 2026

People visit the booth of Tencent during the World Artificial

Tencent's Hy4 Topped This Week's Chinese AI "Win." It Wasn't About Being Cheap

Tencent's Hunyuan Hy4 preview vaulted to the top of a widely watched AI usage chart this week — but its price, its promotional timing, and what the chart actually measures complicate the price-war story built around it.

Gary zhou Sep 08, 2026

Huawei, Xiaomi and Apple Enter Foldables the Same Week — the Market Doing the Measuring Just Revised Itself

Apple's projected 25% share of the global foldable market has stayed fixed across two Counterpoint Research forecasts since July — even as the firm revised Samsung's and Huawei's numbers underneath it.

Gary zhou Sep 08, 2026

China Jinmao's Numbers Look Contradictory. The Explanation Is Mostly About Timing

Signed sales at the state-backed developer rose 8% in the first half. Revenue fell 15% and margins compressed. Both things are true, and neither one is the full picture.

Gary zhou Sep 07, 2026

China's Biggest ETF Inflows Landed in the Week's Worst-Performing Sectors

The widely told story is that money is flooding back into Chinese stock ETFs as a bottom-fishing, risk-on signal. The week's own data says otherwise — and a popular rate-driven explanation collides with the fact that Treasury yields hit a 20-month high the same week.

Gary zhou Sep 07, 2026

CFMOTO's $92.6 Million Tariff Refund Won't Repeat — Here's Why It Still Matters

The record US tariff refund flowing to China's biggest ATV exporter is being read as a profit windfall. It's actually a one-time repayment of money the company overpaid — and the more interesting story is in three numbers most coverage has skipped.

Gary zhou Sep 07, 2026

Everyone's Cheering China's $11 Billion Chip Champion. Three Things the Number Hides.

ChangXin Memory Technologies reported a staggering $11 billion profit, but closer analysis reveals reliance on temporary price spikes and unconfirmed partnerships, raising questions about its long-term stability.

Clark Johnson Sep 07, 2026

HK Mansion Sale Tops $192M as Market Cools

A Repulse Bay estate is on sale for up to US$192 million, highlighting a surge in luxury property sales despite a cooling broader Hong Kong housing market.

Gary zhou Sep 06, 2026

Tesla's 45 Cybercabs Face US Audit, Not China's Cars

Tesla's Cybercab is under a safety audit by US regulators, challenging assumptions about foreign car scrutiny, while automakers seek a ban on Chinese connected vehicles.

Gary zhou Sep 06, 2026

a man driving a front loader shifts soil containing rare

China's Sanctions Law Disrupts Rare Earth Trade Amid US Entity Blacklist

China's Anti-Foreign Sanctions Law is unintentionally disrupting rare earth exports to the US, complicating trade relations ahead of a high-profile summit with Washington.

Gary zhou Sep 06, 2026

Chinese Foreign Minister Wang Yi (L) and Norwegian Prime Minister

China Buys, Norway Sells: $80B Treasury Split

Chinese commercial banks are increasing their US Treasury holdings, diverging from China's official trend, while Norway's sovereign wealth fund reduces its Treasury exposure, opting for higher-yielding assets.

Gary zhou Sep 06, 2026

Tesla's $376 Stock Surge Shakes China's Chipmakers

Tesla's Cybercab robotaxi debut in Austin led to significant market reactions in China, with autonomous-driving stocks rallying and semiconductor stocks declining, showcasing the global influence of Tesla's innovations.

Gary zhou Sep 05, 2026

Thought for 22s Xiaomi's German Deal Hides a $8,000 Question

Xiaomi Auto's memorandum with German dealers marks a step towards entering Europe's car market, but regulatory hurdles and tariff uncertainties remain significant challenges for the tech giant.

Gary zhou Sep 05, 2026

Bitcoin's $730M Rebound: Bottom or Bounce?

U.S. Bitcoin ETFs experienced a record $730.8 million inflow on September 3, driven by reduced Fed rate hike expectations. Despite this surge, ETFs remain net negative for the year.

Gary zhou Sep 05, 2026

A man walks past an electronic quotation board displaying the

Yen Short Squeeze Looms: How Hong Kong Could Feel the Impact

Hedge funds have invested $103 billion in shorting the yen, creating a risky crowd trade. A drop below 155 per dollar could trigger a short squeeze, impacting global dollar funding.

Gary zhou Sep 05, 2026

DJI's 71% Share Meets a 100% Tariff

The US has imposed tariffs of 25% to 100% on Chinese drones, primarily affecting DJI. This move raises prices but doesn't ban the drones, sparking criticism from China's Ministry of Commerce.

Gary zhou Sep 05, 2026

BYD cars are seen at a car storage yard before

BYD's $25 Billion Overseas Surge Meets Beijing's Brakes

BYD's overseas sales surpassed domestic revenue for the first time, reaching 53% of total revenue. New Chinese regulations may impact future expansion, as investors weigh regulatory risks against export growth.

Gary zhou Sep 05, 2026

How Tesla's Strategic Moves Boosted Cybercab's Market Value

Tesla's Cybercab, a driverless taxi, has officially launched in Austin, Texas, boosting investor confidence. The vehicle's cost-effectiveness and strategic communication have contributed to a positive market response.

Gary zhou Sep 04, 2026

Hong Kong Stocks Rise. Tech Names Climb Higher.

Hong Kong's Hang Seng Index rose nearly 2% on Friday, led by tech stocks like Meituan and Baidu. Lenovo's AI advancements and a property developer's reassurance also contributed to market gains.

Gary zhou Sep 04, 2026

Lenovo Jumps 6%. The Laptop Isn't Out Yet.

Lenovo's stock rose 6% after unveiling AI laptops with Nvidia's RTX Spark chip, contributing to a broader rally in Hong Kong's tech sector.

Gary zhou Sep 04, 2026

Chinese Bank Profits Barely Grew. Their Stocks Just Hit Records.

Chinese banks saw minimal profit growth in early 2026, yet their stocks hit record highs due to rising margins and record dividends, signalling a sector-wide sentiment shift.

Gary zhou Sep 04, 2026

50% Tariff Ceiling Hits Canada: Why Toyota and Honda Are More on Edge Than Detroit

The US has imposed a 50% tariff ceiling on Canadian imports, affecting the automotive industry. Toyota and Honda face significant challenges, while Canada retaliates with its own tariffs.

Gary zhou Sep 04, 2026

Autonomous-Driving Rivals Deliver Results on the Same Day: RMB 450 Million Revenue Gap, Why Adjusted Losses Differ 118 Times

Horizon Robotics and Momenta released interim reports on the same day, with revenue differing by only RMB 453 million but adjusted net losses diverging by about 118 times; the gap comes from R&D intensity and the definitions of excluded items.

Gary zhou Sep 04, 2026

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