Wency Chen

1 week ago | scmp.com | Zhang Shidong |Wency Chen

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from gold jewellery to low-priced drinks, delivering multifold returns on so-called new consumer stocks. The ascent of Pop Mart International Group, Mixue Group and Laopu Gold is one of the few bright spots in China’s sluggish consumer industry, which has been plagued by a weak jobs market and the deflationary trend.

1 month ago | scmp.com | Ann Cao |Wency Chen

Alibaba Group Holding’s revenue rose 7 per cent in the March quarter, with its cloud computing unit continuing to be a bright spot for the tech giant as it bets its future on artificial intelligence (AI). Total revenue from the Hangzhou-based company reached 236.5 billion yuan (US$32.6 billion) in the last quarter of its financial year, slightly missing the Bloomberg consensus estimate of 237.9 billion yuan. That marked the 11th consecutive quarter of revenue growth for the company.

2 months ago | scmp.com | Coco Feng |Wency Chen

TikTok has weakened the roles of two US-based executives in a leadership reshuffle, as the short-video app operator faces an uncertain future in its largest market, with a ban deadline looming unless Beijing-based owner ByteDance divests. Nicole Le Bourgeois, who leads TikTok Shop’s US operations, no longer directly reports to TikTok e-commerce head Bob Kang Zeyu.

2 months ago | scmp.com | Ann Cao |Wency Chen

German and Japanese car brands are rushing to integrate China-developed artificial intelligence (AI) models into their cockpit systems, as Tesla awaits Beijing’s approval to install full self-driving (FSD) on its models sold on mainland China. At the Shanghai Auto Show this week, AI models developed by Chinese tech companies – including Hangzhou-based start-up DeepSeek and Big Tech firms ByteDance, Baidu and Alibaba Group Holding – have emerged as popular choices for carmakers.

2 months ago | scmp.com | Wency Chen |Coco Feng

Chinese cross-border e-commerce merchants – on platforms including Amazon.com, Shein, Temu and ByteDance-owned TikTok Shop – are rushing to cancel discounts and explore new markets, in a knee-jerk response to increased US tariffs and the end of the “de minimis” exemption from duties.