South China Morning Post - Companies

Facing anti-corruption policies and profit squeezing at home, Chinese innovative medical device companies are accelerating their push into the European market despite mounting cross-border trade protectionism. Government-backed hospital purchases of medical devices in China fell about 12 per cent year on year in the first five months of 2026, partly weighed down by “a new anti-c...

Chinese home appliance giant Midea says it has rushed production and shipment of 20,000 air conditioners to France in just seven days to meet soaring demand fuelled by the intense heatwave across Europe. To speed up output, Midea doubled capacity to 6,000 portable air conditioners per day by opening a new production line on July 7, completing manufacturing of all 20,000 units in...

After China’s cross-border deals for innovative drugs hit a record US$110 billion in the first half of 2026, the sector is now pivoting towards artificial intelligence-powered candidates to drive the next wave of transactions. China accounted for about 30 per cent of all new drugs currently under development worldwide, ranking second globally, according to Lan Gongtao, deputy di...

To challenge the global launch market dominance of Elon Musk’s SpaceX, Beijing is adopting a coordinated, multi-company “wolf-pack” strategy fuelled by recent engineering breakthroughs in reusable rocketry. The milestones come as a wave of aerospace firms push to secure the capital needed to scale operations and capture global market share. According to exchange filings in Shang...

Chinese-American billionaire investor Duan Yongping has increased his holdings in Pop Mart for a third time, reinforcing his long-term bullish view on the toy brand, as some questioned the sustainability of demand for the company’s intellectual property (IP) portfolio led by the blockbuster Labubu doll. Duan, 65, dubbed “China’s Warren Buffett” by some investors for his investme...