Since the launch of the Made in China 2025 plan a decade ago to foster industrial upgrading, it has been widely depicted in the West as a state-led market distortion and doomed to fail. Yet the outcome is far from failure. State-led efforts under the 10-year plan have provided a solid foundation for advancements, especially…
Call them China’s Sputnik moments: DeepSeek. BYD and Xiaomi cars. A robot Olympics in Beijing. Huawei’s resurgence. And Labubu. Labubu did its job. The little gremlin doll made it clear that a brand being from China is no longer shorthand for cheap. Pop Mart has built trust to such an extent that company management is…
Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…
Hong Kong’s government-owned wealth fund has partnered with one of China’s leading artificial intelligence agencies to attract global talent to the city, as it strengthens its commitment to transform into a technology hub. The project aimed to “connect representatives from academic research, investment, industry and government sectors to [facilitate] cross-jurisdictional and cross-sectoral dialogue”, HKIC CEO…
Xiaomi SU7 is a 5m-long saloon with the option of supercar power Chinese tech giant Xiaomi is planning to start selling its new electric cars in Europe within the next two years. Historically best known as a manufacturer of consumer electronics (primarily its hugely popular smartphones), Xiaomi launched the SU7 saloon as its first EV…
Hyundai has been on an absolute tear lately. Its cars look sharp and its EVs feel futuristic without being goofy. But there’s a reason for Hyundai’s madness, and it’s all designed around stealing market share away from competitors by embracing change rather than rejecting it or moving too slowly. Welcome back to Critical Materials, your daily…
Xiaomi delivered a record 81,302 cars in the second quarter and is currently struggling to meet delivery demand in China. Xiaomi’s efforts to enter the European EV market are currently in the research and preparation phase. (A Xiaomi SU7 on display at the Shanghai auto show in April 2025. Image credit: CnEVPost) Xiaomi (HKG: 1810,…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market. After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent…