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A Chinese store owner adjusts a fanny pack for a customer at a general goods store on the outskirts of Tirana, Albania in May 2026. Photo: Ge Shasha

Weekend Long Read: Putting Down Roots in Europe’s Migrant Stopover

In Albania, where a third of the country’s own people have left, Chinese transplants speak of going home as if it’s just over the horizon — even as their lives there take shape

Ma Xingrui

Chinese Politburo Member’s Downfall Exposes Shadowy Network Tied to Evergrande, Vanke

A secretive developer flipped projects for billions and dumped toxic assets onto Vanke, contributing to the property giant’s massive losses

In Depth: Men, AI and a Retail Revamp Drive Xiaohongshu’s Pre-IPO Pivot

The lifestyle platform known as RedNote is aggressively expanding its audience and tech capabilities ahead of a potential Hong Kong listing, but internal friction and fierce e-commerce competition threaten to complicate any debut

INSIGHT
Jul 17, 2026 04:55 PM
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XPeng Inc. launched L03 compact SUV in Munich, Germany, on July 16, 2026. Photo: VCG

XPeng Launches L03 in Germany Amid China EV Makers’ Europe Push

With domestic sales under pressure, XPeng and rivals are looking to Europe and other markets for stronger pricing and better margins

Jul 18, 2026 05:28 AM
Zhongji Innolight Co. Ltd. published its overall coordinator announcement and post-hearing information pack on July 17, passing the Hong Kong bourse's hearing stage and moving a step closer to an A- and H-share listing. Photo: VCG

Zhongji Innolight Clears Hong Kong Listing Hearing for Potential $7 Billion IPO

The Shenzhen-listed optical module giant is seeking funds for global expansion and acquisitions as AI data center demand boosts earnings

Jul 18, 2026 04:41 AM
Electric vehicle battery packs and modules composed of cylindrical lithium batteries. Photo: VCG

China to Reinstate Battery Tax as Support Shifts to Next-Generation Technologies

Beijing will restore levies on mature battery products such as lithium-ion cells while exempting sodium-ion, solid-state and other emerging technologies

Jul 18, 2026 03:04 AM
A building facade blackened by fire at Wang Fuk Court in Tai Po, Hong Kong, on April 20, 2026. Photo: VCG

Hong Kong Fire Inquiry Blames Contractor Negligence, Regulatory Failures for 168 Deaths

Independent report says flammable materials, disabled fire systems and missed warnings turned a renovation-site blaze into one of the city’s deadliest disasters

Jul 18, 2026 02:21 AM

The Week Ahead (July 20-26): U.S. To Impose 25% Tariffs on Brazilian Goods

Andy Burnham is expected to become U.K. prime minister; Hong Kong Exchanges and Clearing Ltd. will enhance its T+1 trading session

Jul 18, 2026 12:21 AM
AI agent smartphones on display attract visitors in Shanghai on July 17, 2026. Photo: VCG

China Issues First Level 3 Certifications Under AI Device Grading System

The new national grading system recognizes 66 products from 17 companies, setting a benchmark for autonomous smart hardware

Jul 18, 2026 12:10 AM
SAFE spokesperson and deputy director Li Bin. Photo: VCG

Chinese Exporters Pile Into Currency Hedges as Yuan Volatility Rises

First-half derivative contracts surged 40% to nearly $1.4 trillion as regulators urge companies to avoid currency speculation

Jul 17, 2026 10:58 PM
Photo: VCG

Alibaba’s Online Travel Arm Slashes Jobs as Business Struggles

Fliggy's layoffs were due to poor financial performance, economic headwinds and the need for restructuring, company insiders say

Jul 17, 2026 07:25 PM

Business Brief (July 17): China Spearheads World AI Cooperation Organization

Domestic loans to real estate developers plunge, while the U.S. launches anti-circumvention probe into solar cells from China

Jul 17, 2026 06:36 PM
DeepSeek's post-money valuation exceeds 350 billion yuan ($52 billion). Photo: VCG

DeepSeek Reaches $52 Billion Valuation in Round Backed by Tencent, CATL

Chinese AI developer raised about 50 billion yuan from investors including Tencent and CATL as it seeks to retain talent and fund model development

Jul 17, 2026 05:59 PM
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China Business Uncovered Podcast: How a Lost Masterpiece Sparked a Museum Scandal

The dramatic reappearance of Spring in Jiangnan, a handscroll donated to the Nanjing Museum by a prominent collector family, set off public outcry over the mismanagement of treasured artifacts

Jul 17, 2026 04:55 PM
China’s first domestically made nine-valent HPV vaccine, Cecolin 9, in Taiyuan, Shanxi province, Sept. 23, 2025. Photo: VCG

China’s First Homegrown 9-Valent HPV Vaccine Challenges Merck’s Retreat

Late-stage trial data showed Cecolin 9 delivered near-perfect protection against key HPV infections, giving Wantai a major opening after Merck suspended supplies to China

Jul 17, 2026 02:14 PM
A Hong Kong street on April 28, 2026. Photo: VCG

Hong Kong Grapples With Near-One-Year High in Covid-19 Infections

The city recorded 45 severe adult cases and seven deaths over the past four weeks as health authorities warn of waning immunity and new variants

Jul 17, 2026 02:06 PM
File photo: Shoppers at a supermarket in Huai’an, Jiangsu province. Photo: IC Photo

Commentary: To Revive Consumption, China Must Fix Work First

Subsidies may lift retail sales briefly, but households will keep saving defensively until jobs are more secure, wages are stronger and social protections reach the country’s vast flexible workforce

Jul 17, 2026 02:02 PM
Gu Jiangang

Exclusive: Ex-ICBC Wealth Chief Gets Life in Prison for $21 Million Graft

Gu Jiangang’s severe penalty is partly driven by kickbacks tied to a private equity fund, adding to a growing list of heavy sentences at the world’s largest bank

Jul 17, 2026 01:05 PM
Photo: VCG

Baidu Seeks Dual Primary Listing in Hong Kong

The conversion, which is expected to be completed within this year, could give the Chinese tech giant access to mainland investors under Stock Connect programs

Jul 17, 2026 12:29 PM



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