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BUSINESS3d agoJD.com’s US$1.3b expansion could test Hong Kong’s footfall-driven retail property modelJD.com’s rapid expansion in Hong Kong could challenge the property model that has long made the city’s busiest streets and shopping centres its most valuable, analysts say. The Chinese e-commerce giant has invested more than HK$10 billion (US$1.3 billion) in Hong Kong property over the past two years, building a network of stores, warehouses and other assets that analysts said could reduce the importance of footfall for some retailers while increasing the value of logistics hubs and other...South China Morning Post
BUSINESS3d agoLeland Miller, sinologist: "China forces us to go beyond economics textbooks, to think about some kind of protectionism and minimum prices"Este experto norteamericano en la economía, política y cultura china propone medidas heterodoxas para evitar la desindustrialización y la inseguridad en las cadenas de suministro que supone el avance chino.Clarín
BUSINESS3d agoChina Focus : How adjacent Hengqin island facilitates Macao diversified development - XinhuaThe article focuses on how Hengqin island is contributing to the diversified development of Macao. This highlights a regional economic and policy initiative.english.news.cn
BUSINESS3d agoIs the Irtysh River the choke-free Arctic shipping gateway that China needs?As conflicts around the world highlight the vulnerability of global shipping lanes, China and Russia are reportedly weighing the possibility of turning a vast river into an inland cargo route to the rest of the world. At the heart of this ambition is the 4,248km (2,640-mile) Irtysh River, which originates in China’s western Xinjiang Uygur autonomous region and runs through Kazakhstan before flowing into Russia’s Ob River and ending in the Arctic Ocean. To China, this river-to-sea shipping route...South China Morning Post
BUSINESS3d agoThe rise of K-Beauty: Can South Korea overtake France?South Korea’s beauty industry has surpassed the US to become the world’s second-largest cosmetics exporter.Al Jazeera [en]
BUSINESS3d agoNigeria seeks investment in oil and gas sector at China energy exhibitionNigerian delegation heading to China as part of the country's push for investment in its oil and gas sector. The post Nigeria seeks investment in oil and gas sector at China energy exhibition appeared first on Premium Times Nigeria.Premium Times
BUSINESS3d agoTemasek backs Singapore Airlines’ Air India investment amid growing scrutinySingapore state investor Temasek, the ⁠majority shareholder of Singapore Airlines , on Saturday backed the airline’s investment in Air India, as scrutiny grows over its stake in the loss-making Indian carrier. Air India’s request for about US$1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines was ‌first reported by Reuters this week. Singapore Airlines owns 25.1 per cent of India’s second-largest airline, with the rest owned by Tata. News of the funding request prompted...South China Morning Post
BUSINESS4d agoReality check for China’s carmakers as authorities tell them to focus on quality, not techChina’s shrinking car market has received another reality check as regulators step in to police the hi-tech offerings that carmakers use to drive sales. A nationwide inspection campaign assessing the quality of Chinese-made cars that was announced this week would see some consumers shelve purchase plans, exacerbating a bearish outlook for the country’s auto sector, dealers and analysts said. Vice-Minister of Industry and Information Technology Xin Guobin told a news conference in Beijing on...South China Morning Post
BUSINESS4d agoHow Shein had to make peace with China to finally go public​This article details the process by which the company Shein had to resolve issues with China in order to successfully go public. It illustrates the complexities of international business and regulatory navigation.finance.yahoo.com · United States
BUSINESS4d agoSeveral ride-hailing firms express interest in Hong Kong licences: ministerSeveral ride-hailing firms have expressed an interest in offering services under the new regulatory regime in Hong Kong, one day after the government opened licence applications setting out nine requirements, the transport chief has revealed. Secretary for Transport and Logistics Mable Chan said on Saturday that two to three firms had expressed an interest in offering ride-hailing services, emphasising that operators were capable of meeting the requirements. “Just one day after our announcement,...South China Morning Post
BUSINESS4d agoSingapore to auction luxury goods, properties from US$2.4 billion money laundering caseMore than 1,000 luxury items and 80 real estate properties forfeited in Singapore’s S$3 billion (US$2.4 billion) money laundering case would go under the hammer from September 7, audit firm Deloitte said on Saturday. The properties will be auctioned by SRI, Edmund Tie & Company and Knight Frank, while auction house Hotlotz will handle the luxury goods, comprising jewellery, watches and handbags. Some selected properties will also be offered for sale through an expression of interest process run...South China Morning Post
BUSINESS4d agoLocal Fresh Markets vs . Supermarkets in Chiang RaiThe article compares local fresh markets with supermarkets in Chiang Rai. It discusses different retail options for consumers in the region.chiangraitimes.com · Thailand
BUSINESS4d agoHow the Philippines missed a Korean gambling racket worth US$3.8 billionThe Philippines spent years dismantling Chinese-linked gambling compounds in dramatic, headline-grabbing raids. But all the while, and with far less scrutiny, South Korean syndicates were building a parallel industry worth billions of US dollars – one that a spate of recent arrests suggests is still very much intact. The most recent involved a 29-year-old Korean woman named Kim Young-sun, who authorities allege ran a network of 23 illegal online betting websites out of offices in Pasay and...South China Morning Post
BUSINESS4d agoHong Kong’s long-term wealth hub status safe from mainland investment curbs: JPMorgan execBeijing’s recent curbs on cross-border investment and a tax shift targeting overseas insurance gains may create short-term uncertainty, but they will not undermine Hong Kong’s long-term competitiveness as a major wealth management hub, according to a senior executive at JPMorgan Chase. Kwang Kam-shing, Hong Kong CEO and chairwoman of North Asia at the biggest bank by assets in the United States, said she remained optimistic about the long-term outlook for Asia’s financial sector, citing...South China Morning Post
BUSINESS4d agoCan Beijing’s gateway plan for Tibet survive geopolitics and natural disasters?On the windswept plains just south of Tibet’s second-largest city, the towering smart inspection systems and automated cargo gantries of a brand-new international land port gleam under the plateau’s high-altitude sun. Official road maps predict the multibillion-yuan project in Shigatse will process up to 300 trucks daily by the end of 2030 – loading cargo off trains and onto the trucks that will take goods to their final destination. It will also allow the authorities to carry out customs checks...South China Morning Post
BUSINESS4d agoHonda, Nissan set to develop shared operating system for vehiclesHonda and Nissan are reportedly planning to develop a shared operating system for their vehicles. This collaboration signifies a strategic move in the automotive technology sector.Seeking Alpha Tech
BUSINESS4d agoChinese Internet Giants: A good AI cloud bet?The article discusses whether Chinese internet giants represent a good investment opportunity in the AI cloud sector. It examines the potential for these companies in a growing technological area.Seeking Alpha Tech
BUSINESS4d agoStarbucks (SBUX) & Nike (NKE): Why America’s Biggest Brands Keep Losing in ChinaThis article explores why major American brands like Starbucks and Nike are struggling in the Chinese market. It offers insights into the challenges faced by these companies in a key global economy.Yahoo Finance
BUSINESS4d agoTim Cook’s Dark Legacy in ChinaCook’s leadership perfected Apple’s production – but Chinese workers paid the price.The Diplomat
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational...nynewscast · united states of america
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational Highlights Leveraging the strategy of "Globalisation" and "Premiumisation", TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year ("YoY") to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion. TV business : In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2 nd globally by shipment [1] , of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally [2] . International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion. Internet business : In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve. Innovative business : In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion. Strategic acquisition : TCL Electronics announced the proposed acquisition of TCL Industries Holdings' air-conditioning-related business. The acquisition aims to advance its "all-category smart device" layout strategy and further expand the Company's revenue and profitability. HONG KONG , Aug. 28, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited (" TCL Electronics " or the "Company" , 01070.HK ) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in shipment from Mini LED and large-sized products drove a notable improvement in overall ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion. Meanwhile, the Company continued to deepen refined operations across the entire value chain and optimise resource allocation efficiency, achieving effective cost and expense control, with overall expense [3] ratio at 11.7% during the reporting period. Bolstered by improved operating efficiency driven by AI and digital tools as well as economies of scale, the Company's profitability continued to improve, with profit after tax recording a YoY growth of 54.4% to HK$1.62 billion and adjusted profit attributable to owners of the parent recording a YoY growth of 54.3% to HK$1.64 billion during the period. In the first half of 2026, the Company's annualised return on equity increased by 4.2 p.p. YoY to 16.5%, maintaining a sound financial position. TCL ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15, fully demonstrating the comprehensive strength and international competitiveness of the Group's supply chain system. In terms of strategic development, on 31 March 2026, the Company entered into a transaction framework agreement with Sony in relation to the home entertainment sector through establishing a joint venture. Both parties will integrate their respective strengths in technologies, branding and supply chains to jointly build a new global home entertainment ecosystem, providing strategic support for expansion into the mid-to-high-end market. In terms of the capital market, the Company is included for the first time in major indices including the "Hang Seng Composite Large-Cap & Mid-Cap Index" and the "Hang Seng SCHK Electronics Theme Index". Meanwhile, the Company received investment-grade ratings from three international credit rating agencies, Moody's, S&P Global Ratings and Fitch Ratings for the first time, demonstrating the international capital market recognition of the Company's operating performance, profitability and risk management capabilities. Premiumisation and Larger-Screen Upgrades Drive Strong Performance of Display Business in International Markets In the first half of 2026, the Company's TV business outperformed the industry, supported by its strong product competitiveness and global channel advantages. During the reporting period, revenue from the Company's TV business amounted to HK$35.25 billion, representing a YoY increase of 24.3%; gross profit reached HK$6.79 billion, up 50.5% YoY; and gross profit margin increased by 3.4 p.p. YoY to 19.3%. In the first half of 2026, TCL TV's global shipment market share reached 14.9%, up 0.7 p.p. YoY, maintaining its No.2 position globally. Its global sales revenue market share reached 13.4%, ranking among the top three globally [4] . Global shipment of Mini LED TVs, upgraded with SQD technology as their core, reached 2.43 million units, representing a YoY increase of 77.1%. Global shipment market share maintained No.1 [5] . This further expanded the Company's premium product portfolio and validated the effectiveness of the Company's mid-to-high-end transformation and its global operating capabilities. In terms of international markets, supported by the continued implementation of the mid-to-high-end strategy and targeted brand marketing, TCL TV's revenue reached HK$25.44 billion, representing a YoY increase of 29.6% and accounting for as much as 72.2% of TCL TV's total revenue. Gross profit increased by 70.6% YoY to HK$4.82 billion. The gross profit margin increased by 4.5 p.p. to 18.9%. In Europe, the penetration rate in key sales channels increased to 75%, driving revenue in the European market up by 17.2% YoY. In North America, revenue and ASP increased by 26.3% and over 18% YoY, respectively, driven by an improved product mix and a focus on mid- to high-end products. Driven by the on-going deepening of localised operations, revenue from emerging markets increased by 37.3% YoY, significantly outperforming the overall markets. In PRC market, the Company outperformed the industry with its product competitiveness. Revenue increased by 12.5% YoY to HK$9.81 billion, while gross profit rose by 17.0% YoY to HK$1.98 billion in the first half of 2026. The shipment market share of Mini LED TV remained No. 1 [6] in the industry, demonstrating strong operating resilience. The Company's small- and-medium-sized display business has been deeply engaged in the channels of leading network operators in Europe and the United States ("U.S."). In the first half of 2026, revenue increased by 27.4% YoY to HK$5.81 billion, while gross profit increased by 31.6% YoY to HK$0.83 billion. The smart commercial display business leveraged the TV business's globally leading resource advantages. In the first half of 2026, revenue increased by 23.2% YoY to HK$0.62 billion, while gross profit increased by 32.0% YoY to HK$0.07 billion. Internet Business Sustains Strong Growth Momentum, Cumulative Users of TCL Channel Platform Reached Record High In the first half of 2026, revenue from the Company's internet business amounted to HK$1.69 billion, representing a YoY increase of 16.1%, while gross profit amounted to HK$1.03 billion, increasing YoY by 30.4%. Among these, the high-margin international internet business recorded YoY growth of 74.6% in revenue, accounted for over 50% of total revenue and drove the overall gross profit margin up to 61.1%, profitability continues to improve. Leveraging the scale advantages of its TV end-products and asset-light operating model, the Company's internet business deepened its cooperation with global internet giants including Google, Roku and Netflix. TCL Channel platform continued to enrich its content ecosystem, adding more than 110 local channels in the U.S., Brazil and France, viewing time for live-streaming content increased by 131% YoY. Its video-on-demand business launched more than 4,400 content items, with viewing time increasing by 106% YoY. At the end of June 2026, cumulative users of the platform exceeded 53.59 million, while total average daily usage time in Europe, North America and Latin America increased by 95% YoY. The increase in both user scale and engagement further strengthens the foundation for business monetisation. Steady Growth in Photovoltaic Business, with TCL AiMe AI Companion Robot Pioneering a New Blue Ocean in Consumer Electronics Market In terms of innovative business, the photovoltaic business maintained its "relatively asset-light" positioning, optimised its business structure, focused on profitability, and expanded into core markets with strong power absorption capacity, high electricity prices and stable returns. The international markets continued to focus on core European countries, leveraging the synergies between SunPower's brand influence and TCL's global channel resources to accelerate the product deployment and business expansion of its "integrated energy solutions for photovoltaics, energy storage and heating". During the first half of 2026, revenue steadily increased by 2.3% YoY to HK$11.39 billion. Capitalising on market opportunities arising from the convergence of AI and IoT, the Company launched TCL AiMe in August 2026. Designed to provide emotional companionship in home scenarios, TCL AiMe is the world's first companion robot, featuring a modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL AiMe is officially launched in August 2026 and is expected to open up a new blue ocean in the consumer electronics sector. Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout On 15 July 2026, the Company announced its proposed acquisition of the business of TCL air conditioner for a total consideration of HK$5.61 billion. Subject to the fulfilment of the conditions precedent, the transaction is expected to be completed in the fourth quarter of 2026 and subsequently consolidated into the Company's financial statements. The global HVAC market offers substantial growth potential, driven by multiple factors including the increasing prevalence of extreme weather, rising penetration rates in emerging markets and demand for energy-efficiency upgrades. Upon completion of the transaction, the acquisition is expected to effectively strengthen the Company's earnings base. The Company will leverage its mature global sales network and localised operating capabilities to unlock synergies across globalisation, branding and supply chains for a valuation re-rating, and continue to enhance returns for shareholders. Looking ahead, the Company will continue to consolidate its global business foundation, implement a clear premiumisation development path, strengthening the profit contribution from ecosystem businesses and cultivate diversified growth drivers. Leveraging its core strengths in global strategic layout, technological innovation, the all-category smart device ecosystem and the home entertainment platform jointly established with Sony, the Company will continue to unlock its operating potential, capitalise on industry development opportunities and achieve long-term, steady, sustainable and high-quality growth. [1] Source: Omdia, global brand TV shipment data for 2026 H1. [2] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1. [3] Overall expenses comprise selling and distribution expenses and administrative expenses. [4] Source: Omdia, global brand TV shipment data for 2026 H1. [5] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1. [6] Source: Omdia, global brand Mini LED TV shipment data for the first half of 2026. - Ends - About TCL Electronics TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of "Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation", TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the "Smart IoT Ecosystem". Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the "Hang Seng SCHK Electronics Theme Index". Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years. For more information, please visit TCL Electronics' investor relations website at http://electronics.tcl.com , or access the official WeChat account of TCL Electronics Investor Relations.en_prnasisa · bahrain
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational Highlights Leveraging the strategy of "Globalisation" and "Premiumisation", TCL...cision · united states of america
BUSINESS4d agoAlibaba’s (BABA) Big AI Bet Comes With A Big Price TagAlibaba is making a significant investment in AI, which implies a substantial cost. This indicates the company's strategic focus on artificial intelligence despite the financial implications.Yahoo Finance
BUSINESS4d agoBYD posts US$1.2 billion profit in second quarter on surging global demandChina’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2 billion) in the second quarter, up 30 per cent year on year. The quarterly performance beat a consensus estimate of 8 billion yuan in a Bloomberg...South China Morning Post
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