The capital city has relaxed rules on multiple home purchases after 13 years as part of the country’s effort to stimulate a stubbornly stagnant property market.
Eight main districts in Hangzhou including downtown Gongshu and Shangcheng, as well as Tonglu county, will be open for self-driving vehicle tests from May 1.
The appetite of mainland Chinese firms for premium space was not enough to stem a steady increase in the vacancy rate as more office premises came online and overall demand shrank.
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.
Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing.
Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers.
Several Chinese online media outlets falsely reported that a Tokyo-based research firm found more than 90 per cent of the handset’s parts to be domestically sourced.
Chinese telecoms giant Huawei Technologies is eyeing opportunities in digital and artificial intelligence transformation to regain ground in Asia-Pacific, according to its deputy chairwoman Meng Wanzhou.
Total venture-capital investment in China in the first quarter fell 30 per cent quarter on quarter to US$11.5 billion amid economic uncertainty, geopolitical tensions, though China still accounted for eight of the top 10 deals.
Hong Kong stocks emerged as the best-performing key market globally in April, after funds sought bargains by shifting out of expensive US and Japanese equities and as China’s growth shows more signs of stabilising.
Quinn said it was the ‘right time’ to look for a better work-life balance as the lender’s net profit slipped 1 per cent from a year ago to US$10.2 billion, surpassing the US$9.24 billion profit expected by analysts polled by Bloomberg.
Hong Kong’s market is the best performer among major peers globally this month, and better-than-expected manufacturing activity in mainland China is expected to add further impetus.
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
Jetour targets markets like Malaysia and Indonesia with right-hand drive models as globalisation drive accelerates.
The Warren Buffett-backed carmaker posted first-quarter net profit of 4.57 billion yuan (US$631 million), 47.3 per cent lower than the quarter ended December 2023.
Vidu, launched by Beijing-based start-up Shengshu Technology and Tsinghua University, can generate 1080p videos as long as 16 seconds.
King Yuan Electronics Co, one of the world’s largest chip testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou in eastern China.
The owner of TikTok and its Chinese sibling Douyin has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities.
High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, State Street says.
The US carmaker has passed a test of its compliance with Beijing’s data security rules thanks to a watershed decision it says could pave the way for the removal of some restrictions on the use of its cars in mainland China.
Hong Kong stocks closed near bull market territory after corporate earnings continued to surprise on the upside with property sector support measures on mainland China adding to the momentum.