SoftBank invests in Chinese-founded fintech start-up OPay after Masayoshi Son puts pause on China deals

China Telecom’s brutal post-IPO sell-off highlights valuation, trading risks in dual-listed stocks

Why Afghanistan might be China’s money pit after messy US withdrawal

Self-driving tech stumbles forward as accidents under probe

A test center for self-driving cars in Cangzhou City, Hebei Province, north China, July 10, 2021. /CFP Tesla’s Chief Executive Elon Musk said on Monday that the electric car maker was working on improving the much-awaited update to its self-driving…

Police launch investigation into Nio’s alleged tampering of vehicle data after fatal crash

Documents shared by family members of the deceased driver suggest a Nio technician may have wiped data related to the accident.

MSCI’s chief dismisses concern that Chinese stocks are ‘uninvestable,’ citing instances of market’s rebound from slump

MSCI, the world’s biggest index provider, shook off concerns about the “investability” of Chinese stocks following recent Beijing’s regulatory crackdown, citing previous instances where markets rebounded in the aftermath. Regulatory compliance has weighed on China “every three, four, five years…

What price can China Evergrande expect for its Hong Kong headquarters? Certainly not US$2 billion, say analysts

China Evergrande Group is rushing to sell assets to repair its balance sheet. Under state pressure to strengthen its balance sheet, the developer has held talks to sell its interest in Hong Kong-listed car-making unit and property management arm. The…

Alibaba Cloud data leak ‘violated Cybersecurity Law’ in 2019 and must rectify, local Chinese telecoms regulator says

The telecoms authority of China’s eastern Zhejiang province has told the cloud computing unit of Alibaba Group Holding that it violated the country’s Cybersecurity Law and should make rectifications following a complaint about a 2019 information leak. In a letter…

Huawei phone spinoff Honor stages big comeback in China

Company rides on bold handset drive, but possible US sanctions loom as a threat.

China to ensure ‘appropriate money growth’ after credit, economic slowdown

China’s central bank chief vowed to stabilise the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in July. The People’s Bank of China (PBOC) will…

Douyin removes user clips after copyright showdown with Tencent

The Chinese version of the short-video app TikTok has taken down thousands of user-generated clips suspected of violating copyrights to a TV crime drama streamed on Tencent Video, as legal tussles intensified over intellectual property infringement and online distribution rights…

China-Australia relations: Amid rift, Chinese investors can’t resist Australian farmland

Stable returns and a growing demand for food and other agricultural products in China are likely to spur Chinese investment in Australian farmland, according to analysts. As of March, returns on investment in this sector had risen 8.46 per cent…

Tenancy control on subdivided flats: a step forward, not long-term solution to Hong Kong’s housing crisis

Housing crisis has long been a pressing issue for Hong Kong, one of the most expensive property markets in the world. Amid a lack of affordable housing, the waiting time for public rental housing is 5.8 years on average. Many…

Tech stocks surge in Hong Kong with market recovery gaining traction as buyers scoop up bargains

Hong Kong’s stocks rebounded for a second day as sentiment around Chinese tech stocks improved and traders picked up bargains after the market slumped to a 10-month low last week. The Hang Seng Index rose 1.6 per cent to 25,505.55…

Asia-Pacific developers focus on green buildings as they take steps to meet climate goals, cater to rising demand

Developers in Asia-Pacific are expected to accelerate their pace of constructing eco-friendly buildings as they take measures to mitigate the impact of climate change and meet rising demand for green office space, according to industry observers. Landlords could charge a…

Didi freezes Europe, UK expansion for a year amid data and cybersecurity concerns

Didi Global Inc suspended plans to expand in Europe partly because of concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter. Plans to challenge Uber Technologies Inc in Europe, including several…

How The Taliban’s Return Shakes Up Central Asia

A woman cries at a meeting that urges international society to help Afghan women on Wednesday. Afghanistan / Cover Story: How the Taliban’s return shakes up Central Asia Because of Afghanistan’s geographic location, the situation there always has far-reaching implications.…

Chinese companies seeking IPO in New York receive new disclosure requirements from US securities watchdog

The US Securities and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part of a push to boost investor awareness of the risks involved, according to a document…

Why the next move for China’s interest rates should be up, not down

This is not the moment for China to cut interest rates. With the US Federal Reserve looking likely to tighten monetary policy fairly soon, it’s safe to say that China has already reached the bottom of its easing cycle and…

Climate change: Standard Chartered’s net zero plan to include non-coal fossil fuel, heavy emitters, says CEO Bill Winters

Standard Chartered plans to publish a comprehensive plan in October to press clients to transition to net zero carbon emissions, by broadening its client exclusion policy to cover non-coal fossil fuel and other emission-intensive industries, said CEO Bill Winters. The…

Hang Seng Index compiler says it will be tough to meet target of 80 constituent stocks by next year

Hang Seng Indexes, compiler of the benchmark index for the Hong Kong stock market, faces an uphill struggle to add qualifying new stocks to the benchmark in each of its next three quarterly reviews to meet a target of 80…

5 thoughts from Telkomsel Mitra Inovasi CEO Marlin Siahaan

The VC firm is looking at startups that can support Telkomsel’s digital transformation ambitions.

Singapore's GIC takes stake in Hong Kong data company MioTech

HONG KONG — Singaporean sovereign wealth fund GIC and Chinese securities company Guotai Junan International are taking a minority stake in MioTech, a Hong Kong startup that uses artificial intelligence to generate data for asset managers and investors around Asia.…

China data privacy: Big Tech will be ‘a lot less powerful’ after Beijing passes sweeping new law, experts say

Beijing’s tough new law on personal information protection will make Chinese tech giants “a lot less powerful” and force many businesses to adapt as it will be much harder to legally collect and use consumer data, experts say. China’s legislature…

Drone tech to blast hair: Ex-DJI engineer debuts $500 dryer

TOKYO — A former R&D executive at the world’s top drone manufacturer has applied his expertise to hair dryers. Hong Kong-based startup Fresh & Clean Technology — launched by Wang Mingyu, previously vice president of research and development at China’s…

Ex-DJI drone engineer takes on Dyson with $500 hair dryer

TOKYO — A former R&D executive at the world’s top drone manufacturer has applied his know-how to hair dryers. Hong Kong-based startup Fresh & Clean Technology — launched by Wang Mingyu, previously vice president of research and development of China’s…

Huawei phone spinoff Honor stages big comeback in China

GUANGZHOU — Honor, the Chinese smartphone brand that was spun off from Huawei Technologies to evade sanctions on using U.S. chips and operating systems, has rebounded strongly in the domestic market after a rough start. Driving the recovery is an…

China warns Communist Party members in Alibaba home of Hangzhou

SHANGHAI (Reuters) — Members of China’s ruling Communist Party in the technology hub city of Hangzhou have been ordered to resolve any potential business-related conflicts of interest involving themselves or relatives, the country’s graft watchdog said on Monday. The statement…

Hong Kong developer Henderson Land says will increase supply of flats after strong showing in first half of 2021

Henderson Land Development, the city’s third-largest developer by market value, said it will increase the number of flats it sells in the second half of this year after reporting a significant jump in core profit for the first half. The…

China issues tighter data security rules for ride-hailing firms amid Didi probe, but more clarity still needed

China has issued a new set of data security rules for cars that also cover ride-hailing platforms, adding clarity on what constitutes “important data” and how it should be handled by companies before being transferred overseas. The new rules, released…

E-commerce firm JD.com beats second-quarter revenue estimates on boost from partnership deals

JD.com on Monday beat analysts’ second-quarter revenue expectation, as its partnership with global brands such as Louis Vuitton owner LVMH helped attract more shoppers to its Chinese e-commerce platform. The results come amid a crackdown on the country’s Big Tech…

HSBC’s Hong Kong CEO to take over as top executive at Hang Seng Bank on September 1

Diana Cesar, HSBC’s Hong Kong CEO, will take over as the top executive at Hang Seng Bank on September 1, after Hang Seng’s vice-chairman and CEO, Louisa Cheang Wai-wan, extended her leave of absence as she recovers from a medical…

WH Group strikes back at allegations by founder’s son that shaved US$1.4 billion off market cap last week

WH Group, the world’s biggest pork producer, struck back a second time on Monday at allegations by a former director that shaved US$1.4 billion off its market value last week. The Hong Kong-listed company, which owns Smithfield Foods, reiterated that…

China tech wades through uncharted waters as old trust comes under new scrutiny

A once-unthinkable risk is looming large for China’s technology firms: the legitimacy of a legal corporate structure that allows them to take money from foreign investors. The so-called variable interest entity (VIE) structure has been in place for two decades,…

China’s Zhurong rover travels over 1,000 meters on Mars

The surface of Mars photographed by China’s Zhurong rover, July 4, 2021. /China National Space Administration Chinese rover Zhurong had traveled over 1,000 meters on the surface of Mars as of Monday, a new record made on the 100th day…

Climate Change: China’s Sinopec builds world’s biggest solar hydrogen plants in bid to achieve carbon neutrality a decade before national target

China Petrochemical Corporation, or Sinopec Group, which is vying to lead the development of China’s nascent hydrogen industry, is building what it believes to be two of the world’s largest green hydrogen projects in the country’s north. Sinopec has invested…

Court in China says cryptocurrency ‘not protected by law’ in ruling that could set a precedent for bitcoin lawsuits

Northern Shandong province’s high court said in public comments that “cryptocurrency is not protected by law” after reviewing a case involving virtual tokens, in a ruling that could set a precedent for other courts in China now that investment and…

Opinion: How Can Foreign Asset Managers Survive in China?

Even as everyone’s talking about China decoupling from the West, foreign asset managers are bucking the trend and becoming close partners with the Chinese market. The financial industry now appears to be one of the most accessible sectors in China…

BYD suspends US$414 million IPO plan of semiconductor unit amid investigation into law firm advising on the deal

BYD, the Warren Buffett-backed Chinese battery and carmaker, has put on hold the proposed spin off of its semiconductor unit, after the mainland regulator launched an investigation into the law firm advising on the deal. The Shenzhen Stock Exchange said…

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