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9 July 2025

Chinese EV maker Zeekr plugs in to hybrids to tap into soaring sales, expand model range

Chinese EV maker Zeekr plugs in to hybrids to tap into soaring sales, expand model range

Zeekr, a premium electric vehicle (EV) unit of Geely Auto, has jumped on the hybrid technology bandwagon to widen its customer base amid rising competition in the world’s largest automotive market. The Hangzhou-based company has become the latest mainland Chinese EV assembler to launch plug-in hybrids, leaving Shanghai-headquartered Nio as the only domestic company making […]

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JD.com’s US.4 billion plan heats up on-demand delivery battle with Meituan, Alibaba

JD.com’s US$1.4 billion plan heats up on-demand delivery battle with Meituan, Alibaba

JD.com has pledged more than 10 billion yuan (US$1.4 billion) under its ambitious “Double Hundred Plan” to support so-called benchmark brands across various categories, further heating up China’s on-demand delivery sector, as industry-wide daily orders reached a new high of more than 200 million. The Beijing-based e-commerce giant’s latest initiative seeks to elevate sales of

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Hong Kong stocks fall on worries about China’s deflationary pressure

Hong Kong stocks fall on worries about China’s deflationary pressure

Hong Kong stocks fell by the most this month as China’s deflationary trend became more entrenched, deepening concerns about the nation’s growth prospects. The Hang Seng Index dropped 0.7 per cent to 23,970.39 at the noon break on Wednesday, while the Hang Seng Tech Index retreated 1.1 per cent. On the mainland, the CSI 300

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China spins up offshore wind energy as Beijing promotes marine economy

China spins up offshore wind energy as Beijing promotes marine economy

China has ramped up offshore wind energy development, as the form of renewable energy aligns with Beijing’s goals of carbon neutrality, energy security and developing the marine economy to boost economic growth. China added more than 4.4 gigawatts (GW) of offshore wind capacity in the first six months of the year, the same amount it

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