China's flagship 9-series SUVs, once priced as luxury flagships, are being launched with prices up to 28,000 yuan below their own pre-sale levels. Rising supply and softer demand are rewriting the price anchors of the country's most prestigious homegrown models.
After launching overseas, IKEA's affordable Matter-compatible smart home products are quietly clearing Chinese certification, signaling an imminent mainland debut. The move could shake up a market long dominated by local ecosystems like Xiaomi and Huawei.
Hong Kong's Hang Seng Index fell as much as 2% on Friday, dragging Chinese tech giants lower, while Xiaomi spent HK$50.1 million repurchasing its own shares. The pullback follows a softer night for US-listed Chinese stocks and rising Treasury yields.
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