Month: September 2025

JingDong Industrials, a unit of Chinese online retailer JD.com, is seeking to raise US$500 million with a Hong Kong initial public offering (IPO) as soon as the end of October, two sources with direct knowledge said, after the firm cleared a key regulatory hurdle. Advertisement The company, also known as JDi, refiled for a Hong Kong listing on Sunday after receiving the green light from China’s securities regulator last week, more than two years after it first notified the China Securities Regulatory Commission of its offering plans, according to the…

Regardless of how trade talks go, the US-China tech rivalry isn’t going away. From each side’s perspective, maintaining a lead in futuristic technologies matters significantly for economic growth and national power. Now, we’re entering round two. Advertisement The first round was mostly defined by US export controls aimed at slowing China’s development of advanced technologies. These measures might have delayed Chinese progress, but they didn’t stop it. As China gradually catches up in chips and artificial intelligence (AI), the competition has shifted. It’s no longer just about who can build…

More than two years after BYD began a high-profile foray into the Japanese market, the Chinese electric-vehicle (EV) maker is still struggling to win over drivers. Advertisement The carmaker sold just 5,300 vehicles between January 2023 and June this year despite opening its 45th sales location in Japan, introducing a fourth EV model and touting plans to debut an electric kei car – a popular style of street-legal microcar – in late 2026. The moves have done little to ignite demand, and BYD is now turning to discounts – a…

Advertisement The main focus of the gathering will be the next five-year plan, which will set out the country’s economic, political and social goals amid ongoing tensions with the United States. The date was announced following a meeting of the Politburo on Monday that set the tone for the fourth plenary session, which will be attended by President Xi Jinping and more than 370 members of the party’s Central Committee. In May, Xi underlined the need to take a “forward-looking approach” and consider the impact of the changing international landscape…

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as economic momentum slows and policymakers face mounting pressure to support growth. Advertisement The forecast includes a 10-basis-point policy rate cut and a 50-basis-point reduction in the reserve requirement ratio, which could come as year-on-year growth slows sharply towards 4 per cent from a high base last year, a note released on Saturday said. “But the data-dependent nature of PBOC decision-making leaves open the risk of no action if full-year growth…

The US has deployed a new air defence system in South Korea – dubbed America’s Iron Dome – in what analysts see as an effort by Washington to counter Chinese or North Korean drone operations in the event of a conflict in the region. Advertisement On Thursday, the Pentagon’s Defence Visual Information Distribution Service uploaded photos of US Army Chief of Staff General Randy George’s visit to South Korea last Monday for an engagement with US Forces Korea (USFK) soldiers and meetings with South Korean military leaders. Among the images…