Shuli Ren

The fact that SoftBank cannot cash out from OpenAI is a big problem for Masayoshi Son, who habitually uses leverage to juice up returns.

OpenAI is so yesterday — even for SoftBank

Global markets pivot from AI model makers to chipmakers tied to the data-centre boom

South Korea’s benchmark Kospi index on Wednesday (Mar 4) dropped 698.37 points, or 12.06%, to close at 5,093.54.

Why the Iran war has morphed into panic selling in Asia

The sell-off may have come as somewhat of a surprise for investors

The renminbi's recent winning streak against the greenback – the longest in over a decade – is a sign that Beijing is warming up to the idea of a stronger renminbi, says the writer.
THE BOTTOM LINE

A crisis lurks as Asians bring money back home

Repatriation, or the ‘Sell America’ narrative, will be a key theme

Increasing the supply of Labubus would show whether the toy by Pop Mart is a passing fad, says the writer.
THE BOTTOM LINE

Imagine OpenAI bonds, Labubu everywhere

Could 2026 see these four market developments?

President Xi Jinping was the only foreign leader that stood up to US President Donald Trump’s bullying tactics.

Repeat after me: Never underestimate China

By the law of large numbers, it still has the cost advantage in advanced manufacturing

By 2023, China already had 217 million people aged 65 and over, or about 14% of the population.

A great wealth transfer is happening in China

In some parts of the country, retirees are the richest while Gen X and millennials are struggling

Pop Mart has also captured grown-ups – fashionistas playfully pairing Labubus with their designer handbags and working mothers gifting to appease their overworked school children.

Sorry, Pop Mart, Labubu is just not Lego or Pokemon

The continued reliance on scarcity to sell its products could turn consumers off

Bank of America Merrill Lynch sees gold reach US$5,000 per ounce by next year. The rationale is brutally simple – investment demand.

Gold’s ‘semi-rational’ run gives Wall Street vertigo

If American households start to see that it is an essential hedge against inflation and devaluation of the greenback, then the sky is the limit

Roughly half of HSBC’s Hong Kong commercial real estate exposure comes from Hang Seng Bank.

HSBC is tackling Hong Kong’s commercial real estate crisis

[HONG KONG] For those concerned with financial stability, HSBC Holdings is doing the right thing by taking its Hong Kong subsidiary private. But its shareholders do not like it.

Cambricon has become a stock market darling, precisely because investors recognise China has a good chance to take market share in inference chips.

China gets closer to finding its own Nvidia

Cambricon’s success shows how to foster future national champions