After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on the front foot, making deals and snapping up assets. At the top of the pile are Alibaba Group and Tencent , two huge players that used to…
A mainland Chinese bank in Hong Kong is investigating unauthorised transactions on the Faster Payment System (FPS) involving one of its clients, the Post has learned, with experts saying breaches on the widely used platform are uncommon and may involve hacking. A client of the China Construction Bank (Asia) in Hong Kong told the Post…
HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not…
Pharus Diagnostics, a Li Ka-shing-backed developer of diagnostic tests for cancer powered by artificial intelligence (AI), said it would tap into fundraising channels in Hong Kong. The Taiwan-based start-up aims to complete a round of fundraising and a clinical study on lung cancer by the end of the year, said CEO Philip Huang. “Currently, we…
About 70 shops in Hong Kong have allegedly sold banned oxo-degradable plastic products, including waste bags for pets, according to an environmental charity. The Green Earth said its investigation suggested that plastic bags, bin liners and waste bags for pets labelled as “oxo-degradable” were still being sold by large retail shops and online stores, prompting…
More than $16 billion in orders for Nvidia’s (NVDA, Financials) H20 server chips have been placed by Chinese firms during the first quarter of 2025, according to a report by The Information citing individuals familiar with the matter. The buyers include some of China’s most prominent technology companies: ByteDance, Alibaba Group (BABA, Financials), and Tencent…
By Selena Li and Kane Wu HONG KONG (Reuters) -Alibaba Group Chairman Joe Tsai said on Tuesday there were clear signs China’s business entrepreneurs were more confident following a meeting with President Xi Jinping and that his company would re-commence hiring. “I think we have seen a very clear sign of businesses entrepreneurs becoming more…
(Bloomberg) — Donald Trump’s push to restrict US investments in China is testing what in theory should be an ironclad financial relationship — the tight link between Chinese shares trading in New York and Hong Kong. Most Read from Bloomberg Alibaba Group Holding Ltd.’s US shares traded at an average 2.1% discount to those in…
By Che Pan and Brenda Goh BEIJING (Reuters) – The Hong Kong-listed shares of Alibaba Group surged more than 8% on Thursday following the release of a new reasoning model that the company said was on par with global hit DeepSeek’s R1. Qwen, the e-commerce leader’s artificial intelligence unit, said on X that its QwQ-32B,…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…