scmp

In FocusChina’s wealthy used grey zones to avoid taxes. Have new rules painted them into a corner? Once a reliable vehicle for tax avoidance, offshore trusts are being reconsidered as enforcement bodies step up their efforts, backed by new regulations For Sarah Wang, a Shanghai-b

Advertisement Opinion Chinese overcapacity isn’t a numbers problem. It’s a productivity gap If Chinese factories can produce more cheaply thanks to better batteries, automation and supply chains, maybe older factories are simply no longer viable 3-MIN READ3-MIN 4 Listen Jeffrey

Meta accused of targeting children to boost Facebook and Instagram use, as US trial begins A bipartisan group of 29 states is suing the company, seeking potentially tens or hundreds of billions of dollars in penalties Meta Platforms intentionally sought to addict children to its

Advertisement Meet the Chinese AI star who splashed a reported US$70m on a California mansion Tony Wu Yuhuai, co-founder of Elon Musk’s AI lab, reportedly buys 12-acre estate, putting a spotlight on China’s Silicon Valley talent 2-MIN READ2-MIN 3 Listen Iris Dengin Shenzhen Tony

ExclusiveNokia to close almost all sites in mainland China by year end, sources say Retreating from China, once Nokia’s largest single-country market globally, would mark an acquiescence to domestic competition Finnish telecoms equipment giant Nokia plans to cut most of its workf

Alibaba’s lightweight Qwen model takes on larger AI systems from OpenAI, DeepSeek, Zhipu Chinese tech giant’s latest offering performed on par with OpenAI’s GPT-5.6 Luna and nearly matched DeepSeek, Zhipu’s open-weight models The Qwen3.8-27B, a small model with 27 billion paramet

Beijing eyes rural markets, local town centres to tackle national consumption woes The nation is looking beyond its higher-tier cities like Beijing and Shanghai to address weak domestic demand The Ministry of Commerce and other departments issued an 18-point joint guideline on Tu

Baidu’s quarterly revenue drops 4% as AI cloud surge fails to offset advertising slump Helping cushion the fall, revenue from AI-related operations jumped 25 per cent year on year to 12.5 billion yuan Revenue for the three months ended June reached 31.3 billion yuan (US$4.62 bill

‘World story through Chinese eyes’: war comedy tops 1b yuan, defying box-office slump The global perspective and anti-war message offered by ‘Once Upon a Time in the Middle East’ is resonating with audiences, helping boost summer ticket sales Chinese war comedy Once Upon a Time i

China plans for peak oil demand amid pipeline increase, intelligent rig development Beijing’s peak-oil plan pairs an expansion of China’s network of pipelines with 15-km-deep drilling rigs China has announced a new dedicated five-year plan to drill more crude oil and expand its n

China trims US Treasury holdings amid Iran war, Fed uncertainty Beijing cuts exposure to US debt to US$633.4 billion, official data shows, amid broader diversification push China cut its holdings of US Treasuries to a nearly 18-year low in June, as Beijing continued to diversify

China’s ‘no’ on Australian beans: what the import rejection says about trade ties Incident sparks concern, but indicates China taking a proactive stance, not necessarily a gloomy forecast for relations, experts say China’s recent rejection of a shipment of Australian beans citing