Beijing believes the internet giants’ aggressive price-cutting campaign could push retailers across China into losses, potentially undermining the economy. BABA led the declines, falling 5.3%; the stock has declined sharply in recent months due to a host of factors. China’s State Administration for Market Regulation summoned executives from the firms over what officials said was…
Pentagon has added several major Chinese companies, including electric vehicle giant BYD, technology company Alibaba and search engine Baidu, to its list of Chinese military companies. The move, announced in a Federal Register post dated June 9, 2026, prevents the above stated companies from receiving US defense contracts and marks a broader effort by Washington…
The US on Monday added Chinese e-commerce giant Alibaba, internet search provider Baidu, and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update supersedes a list from early 2025 and comes less than a month after US President…
Published Tue, Jun 9, 2026 · 08:57 AM [WASHINGTON] The US on Monday (Jun 8) added Chinese e-commerce giant Alibaba, Internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update supersedes a list from…
Ultra-low-priced Hong Kong tour packages reliant on commissions and pushing mainland Chinese visitors to make additional purchases remain prevalent despite tighter government regulations, the South China Morning Post has found. The business model has come under renewed scrutiny after the Travel Industry Authority revoked the licences of a travel agency and its tour guide over…
ByteDance’s Doubao AI chatbot (Source: Shutterstock) ByteDance’s AI chatbot Doubao drew more than 100 million daily active users (DAU) during China’s Lunar New Year holiday, emerging as the clear winner in a fierce user-acquisition battle among the country’s biggest tech firms, according to private survey data. Doubao surpassed 100 million DAUs on February 16, roughly…
Hong Kong firefighters have been honoured for their heroic response to November’s deadly Tai Po fire – the city’s worst in decades – at the 13th Spirit of Hong Kong Awards, which celebrates unsung heroes who contribute to the community or inspire others through stories of resilience and perseverance. The Fire Services Department received an…
Chinese AI start-up Zhipu AI said it would step up efforts next year in the pursuit of artificial general intelligence (AGI) while continuing to open source its AI models after its initial public offering. In 2026 “we’re going to contribute more substantially to the AGI journey,” Zheng Qinkai, a researcher at the company, which markets…
Mannings, one of Hong Kong’s largest health and beauty chains, will cease all retail operations in mainland China, both online and offline, as it adjusts its strategy in the highly competitive market. In a letter to its members, Mannings China said “its physical stores on the mainland will close permanently after January 15, 2026”. Its…
Chinese fintech giant Ant Group has pressed ahead with its strategic move into the fast-growing healthcare sector with a major upgrade to its artificial intelligence health app AQ, positioning the platform to work like a fitness companion or a family doctor. The new features included integration of records from smart devices made by Apple, Huawei…