Beijing-based Moonshot AI, a start-up valued at US$3.3 billion and backed by Chinese tech giants like Alibaba Group Holding and Tencent Holdings, has presented another David-vs-Goliath story after creating an open-source model that “set new records across benchmarks that assess reasoning, coding and agent capabilities”. The new reasoning model, Kimi K2 Thinking, was the most…
Investors in the West are underestimating the scale of innovation, entrepreneurship and economic momentum happening in China, leading to missed opportunities, according to William Ford, chairman and CEO of US private equity firm General Atlantic. “Investors avoid investing in China at their own peril,” Ford said in an exclusive interview with the Post on the…
Yadea – the world’s leading electric two-wheeler brand for eight consecutive years – runs a plant in its home base of Wuxi, in east China’s Jiangsu province, where a single assembly line can produce 1,300 electric bicycles and scooters a day, offering visitors a glimpse of the country’s manufacturing prowess. As of last year, Hong…
The “Robot Phone” was unveiled by Honor online in a promotional video that showed the gimbal-stabilised camera unfurl from the back camera module and appear to pivot while tracking its subject’s movement. Honor described the unique smartphone as a “revolutionary AI device that fuses multi-modal intelligence, advanced robotics and next-generation imaging”. The Shenzhen-based company, which…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…
Visa-free travel abroad and free toll roads at home are expected to fuel a surge in travel by Chinese citizens during an extra-long holiday starting this week, in what analysts call a boon for the service economy. Total trips outside mainland China are forecast to reach between 8 million and 8.4 million – more than…
Mandarin Oriental International said on Tuesday it was in discussions regarding the potential sale of a portion of its prime mixed-use building, One Causeway Bay, in one of Hong Kong’s top retail and business hubs. The company, which operated 43 assets worldwide as of June, said negotiations were ongoing but “there can be no certainty…
Mandarin Oriental International said on Tuesday it was in discussions regarding the potential sale of a portion of its prime mixed-use building, One Causeway Bay, in one of Hong Kong’s top retail and business hubs. The company, which operated 43 assets worldwide as of June, said negotiations were ongoing but “there can be no certainty…
Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh bout of tariffs on the industry. The Hang Seng Index fell 0.6 per cent to 26,320.69 as of 11.01am local time, taking the…
Super Typhoon Ragasa disrupted production of Apple’s iPhones in Shenzhen and crucial pre-holiday shipments by cross-border e-commerce merchants, as the year’s strongest storm barrelled towards southern China with heavy rain and hurricane-force winds. The world’s largest electronics contract manufacturer, Foxconn Technology Group, on Tuesday suspended assembly work at its Shenzhen unit – the innovative Product…