Overseas travellers from nine countries can make payments in Hong Kong using their mobile payment apps after Ant Group expanded its digital payment network via partnerships.
The carmaker hopes to lure high-end Chinese consumers amid an escalating price war among some of its top rivals.
Sales at the South Korean firm, the world’s No 2 maker of memory, more than doubled in the March quarter, beating estimates.
Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
TSMC, a key supplier to Nvidia and Apple, says a new chip-manufacturing technology called ‘A16’ will enter production in the second half of 2026.
Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.
‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader
A consortium of CK Infrastructure, CK Asset Holdings and Power Assets Holdings is acquiring the largest natural gas network company in Northern Ireland. The deal is expected to be completed by the end of April.
Charles Li, former head of the Hong Kong stock exchange, wants to bring its model of financing for a cut of daily revenue to Southeast Asia as early as the fourth quarter.
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.
Launched in 2006, Baidu Baike gained popularity partly because access to Wikipedia was unreliable and eventually blocked in China.
The German carmaker, which saw its market share shrink in China last year, said it plans to launch 30 new electric cars on the mainland by 2030 as it vies to keep up with the rapid pace of electrification in the world’s largest vehicle market.
Apple saw iPhone sales in China decline 19.1 per cent in the first quarter, while Huawei achieved sales growth of nearly 70 per cent, according to Counterpoint.
China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.
Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council summit.
Hong Kong has the potential to become an international innovation hub for hydrogen technologies, says Towngas’s Don Cheng.
The country remains the US tech giant’s main manufacturing base, home to over a third of the factories run by its disclosed suppliers.
Hong Kong’s SMEs are more optimistic than their peers in mainland China, Singapore and Australia when it comes to growing their businesses this year, thanks to government support and an increase in online sales, a survey shows.
Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.
‘Obvious gaps’ exist in the code-writing and operative abilities between domestic and first-class foreign models, an assessment by Tsinghua University found.