Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday,…
It is hard to pick any winners out of the latest futile round in the battle between Hong Kong’s point-to-point transport services, or taxis and ride-hailing vehicles. Customers can claim to be winners from cancellation of ill-advised industrial action by some taxi drivers but, in the bigger picture, they remain losers from uneven standards of…
It is hard to pick any winners out of the latest futile round in the battle between Hong Kong’s point-to-point transport services, or taxis and ride-hailing vehicles. Customers can claim to be winners from cancellation of ill-advised industrial action by some taxi drivers but, in the bigger picture, they remain losers from uneven standards of…
Ren, the face of China’s resilience against US hostilities in technology, told Xi that concerns had eased over China’s lack of home-grown chips and operating systems – the “heart and soul” of modern technology – according to a report from the People’s Daily on Friday. “I firmly believe that a stronger China is rising at…
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…
A Hong Kong taxi union has cancelled a planned strike next month after a meeting with government advisers and a pledge from the city leader to enforce the law against illegal ride-hailing services, the group’s chairman has said. The announcement by Hong Kong Tele-call Taxi Association chairman Wong Yue-ting followed Chief Executive John Lee Ka-chiu’s…
Tencent Holdings said it is testing the integration of DeepSeek’s service on Weixin, as the operator of China’s most popular super app looks to artificial intelligence (AI) to power its suite of services from social networking to e-payments and ride-hailing. In the current beta test, users can click an “AI Search” option on the search…
Chinese start-up Manycore Tech, operator of the world’s largest spatial design platform, has applied for an initial public offering (IPO) in Hong Kong, three years after its attempt to list on the Nasdaq stock exchange lapsed. Manycore’s IPO filing, jointly sponsored by JPMorgan and CCB International, did not provide the amount it intends to raise…
Chinese President Xi Jinping will host a meeting next week with some of the nation’s top entrepreneurs – including six Hangzhou-based start-ups known as the “Six Little Dragons” – to recognise progress in critical areas of technological advancement and show support to the private sector, according to sources. Between 20 and 30 founders and chief…
Hong Kong’s ride-hailing firms are seeing a light at the end of the tunnel after more than a decade of operating mostly illegally and locking horns with the taxi industry. Secretary for Transport and Logistics Mable Chan is intent on legalising ride-hailing and opening the sector to all players. A framework for regulating the platforms…