Spanish luxury fashion brand Balenciaga has introduced a 4,700 yuan T-shirt that displays only its own name and the Alipay logo.
The city’s status as an international financial centre will be reinforced by yuan internationalisation and China’s economic transformations, according to top finance officials and industry players.
The South Korean giant’s market share dropped to under a quarter from more than half a year earlier, while Huawei’s share rose to 35 per cent.
‘Although the deals are small, the sentiment is improving,’ an analyst says, after debuts by Autostreets, Qunabox and EDA Group raise a total of US$111 million.
Life insurance sales in Hong Kong surged by 39 per cent in the first quarter thanks to a world record policy sold by HSBC Life and strong growth in the number of mainland Chinese visitors buying policies in the city, according to data from the industry regulator.
The new system will allow Siri to take command of all the features within apps for the first time, with the help of large language models, sources say.
Andy Cheung has been an independent non-executive director since 2022 and before that was an executive with Link Reit.
The numbers underscore the pace at which demand is outstripping supply as customers rev up their purchases of devices needed to develop AI technologies.
Hong Kong shares finished lower after a crucial data release indicated sluggish conditions in the world’s second largest economy, underscoring the need for more policy easing.
Washington has delayed the issuing of export licences to Nvidia and AMD, partly over worries that Chinese companies could access AI chips through data centres in the Middle East.
AI is ‘going through a kind of a bubble right now’, the Nobel Prize-winning economist said, suggesting that limits to the technology’s capabilities could soon set in.
The owners of Hong Kong bus operator Citybus have set their sights on supplying hydrogen buses to the Middle East after launching the city’s first zero-emission bus.
Convertible bond issues are seen growing in popularity across the Asia Pacific region as companies seek to lower their interest costs at a time when the primary equity market is sluggish.
Taiwan’s pre-eminence in semiconductors is at an all-time high, as the island welcomes Huang and the CEOs of AMD, Intel, Qualcomm and Arm Holdings to Computex 2024.
The Chinese state-owned carmaker said it plans to intensify its push into Hong Kong’s electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year.
The latest government measures are merely ‘a drop in the ocean’, and rebuilding homebuyers’ confidence in the presale system is a precondition for any revival, analysts say.
A wave of mergers and acquisitions is about to transform China’s brokerage industry as Beijing presses ahead with its ambition to become a financial powerhouse by 2050.
The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.
Huawei is the sole funder of a research competition that has attracted hundreds of proposals from scientists, including those at top US universities.