Some lovebirds in Hong Kong are expressing their affection this Valentine’s Day by spending hundreds of dollars on bouquets and gifts, while several vendors have recorded growth in sales of about 20 per cent. At the bustling Flower Market in Mong Kok, many men were among the crowds picking rose bouquets, while others browsed for…
Hong Kong authorities recorded a 36 per cent increase in illicit cigarette busts last year, seizing HK$2.7 billion (US$345.4 million) worth of goods, as the customs chief warned of a new tactic of children being used to smuggle tobacco across the border. At a press conference on Thursday to review its work in 2025, the…
City University of Hong Kong has bought an office property in Kowloon for HK$1.96 billion (US$252 million), joining a growing list of educational institutions buying office assets amid depressed prices as the city’s office market shows early signs of stabilising. CityU Limited, a wholly owned subsidiary of the university, acquired the low-rise office block at…
Alibaba Group’s logistics arm Cainiao and online grocery business Tmall Supermarket are teaming up to expand fulfilment infrastructure and speed up deliveries, as the Chinese e-commerce giant ramps up its efforts in China’s fast-growing instant commerce battle to fend off rivals such as JD.com and Meituan. Cainiao will launch new or expand instant commerce warehouses…
The Chinese ambassador to Rwanda said on Friday that China-Africa cooperation had expanded into forward-looking sectors such as artificial intelligence, the digital economy, green energy, fintech and sustainable development. While attending the Seventh Africa’s Business Heroes Summit held in Kigali, Rwanda, Gao Wenqi thanked entrepreneurs from China and African nations for expanding cooperation into sectors…
Fake photos generated by artificial intelligence (AI) are being misused to claim refunds from Chinese online shops, sparking moral and legal concerns. As China’s Double 11 shopping festival took place around November 11, several e-commerce shop owners revealed that they received AI-generated photos of damaged products from consumers attempting to seek refunds. Some people took…
People from all walks of life in Hong Kong rallied in support of victims of the city’s deadliest fire in decades, with aid ranging from millions in cash donations by major business groups to grass roots efforts by civilians delivering essential supplies. The fire that erupted in seven blocks in Wang Fuk Court in Tai…
Alibaba Group chairman Joe Tsai has challenged the prevailing narrative of US-China artificial intelligence competition, arguing that the race has no definitive winner because success should be measured by adoption speed rather than model superiority. “When it comes to AI, there’s no such thing as winning the race. It’s a long marathon,” Tsai said at…
We recently published Massive Gains: 10 Stocks Investors Can’t Stop Buying. Denison Mines Corp. (NYSEAmerican:DNN) is one of the top performers on Thursday’. Shares of Denison Mines grew by 4 percent on Thursday to close at $2.86 apiece as investors loaded positions amid renewed optimism for the uranium and nuclear industries. During the session, a…
This article first appeared on GuruFocus. Sep 24 Alibaba Group Holding (NYSE:BABA) shares climbed nearly 8% in Hong Kong on Wednesday, touching their highest level in close to four years. The rally came after CEO Eddie Wu said the company plans to expand its artificial intelligence spending beyond the previously announced $53 billion, or 380…