MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Hangzhou: It was a sunny Saturday afternoon, and dozens of people sat in the grass around a backyard stage where aspiring founders of tech startups talked about their ideas. People in the crowd slouched over laptops, vaping and drinking strawberry Frappuccinos. A drone buzzed overhead. Inside the house, investors took pitches in the kitchen. It…
Hundreds of Hongkongers have crossed the border for the July 1 holiday, with many favouring the Heung Yuen Wai crossing due to its convenient transport links and easy access to shopping centres in Shenzhen’s Liantang district. Residents streamed into Shenzhen via the Heung Yuen Wai Boundary Control Point on the 28th anniversary of the city’s…
In Suzhou, eastern China’s Jiangsu province, the start-up Magic Lab specialises in full-sized humanoid robots designed to interact with people and work in factories – just one example of the Yangtze River Delta region’s transformation into a national innovation hub. “More than 90 per cent of the components, including critical parts like torque motor joints,…
Founded in 2018 at fast-rising Chinese technology hub Hangzhou, capital of eastern Zhejiang province, Zhiyi Tech is focused on compiling style and sales data from major shopping and social-media sites around the world, providing clients with data-driven analysis of fashion market trends. Zhiyi Tech founder and CEO Zheng Zeyu said in a Post interview last…
NEW YORK and PARIS, June 10, 2025 /PRNewswire/ — PicCopilot, an AI-powered visual design platform within Alibaba International Digital Commerce Group (“Alibaba International”) today announce the official launch of PicCopilot Fashion Reels, a tool that transforms product photos into model try-on videos for fashion retailers. PicCopilot, known for its AI-powered e-commerce design tools, developed PicCopilot Fashion Reels…
CLN KraneShares April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1%…
Hong Kong’s market for initial public offerings (IPOs) has come roaring back. Attractive valuations, strong liquidity and supportive government policies, what’s not to like? Concerns about geopolitical tensions and a trade war have taken a back seat, at least for now. Certainly, a 90-day truce in the tit-for-tat tariffs battle between China and the United…
China’s 2025 May Day holiday saw a strong rebound in travel and consumer spending, with both domestic and cross-border tourism reaching new highs, supported by the country’s advanced digital payment infrastructure. Why it matters:The May Day holiday, among China’s longest public breaks, is often seen as a key indicator of consumer spending sentiment in the…
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…