Hong Kong should press ahead with its proposed tax break on carried interest, the performance fees earned by hedge fund and private equity managers, after Singapore unveiled a rival tax-exemption scheme, according to industry participants. The bill, submitted to lawmakers in June and expected to come to a vote later this year, has sparked debate…
It isn’t the federal investigation itself that many Chinese American leaders say worries them most. It’s the possibility that allegations involving a handful of people could cast suspicion on an entire community. Federal authorities last week searched the West Covina offices of EDI Media Inc., which describes itself as the nation’s largest Chinese-American multimedia company,…
Hong Kong’s first-ever five-year plan for economic and social development (2026-2030) is out for public consultation. The section on the “development of regional cooperation” stands out for its call to “advance the development of key cooperation platforms, and strengthen collaboration with other areas, provinces, municipalities and autonomous regions in the mainland”. Similarly, Shenzhen has set…
Ackbar Abbas, a Hong Kong-born scholar whose influence extended beyond academia to shape artists, filmmakers, writers and many others, died on July 13 at the age of 84 after a brief battle with cancer. Over decades of teaching at the University of Hong Kong (HKU) and the University of California, Irvine (UCI), Abbas did not…
Another powerful new artificial intelligence model from China took the U.S. tech industry by surprise Friday, the latest sign that Chinese startups that publicly release their “open-source” AI technology are making the California titans of AI sweat. The newest Kimi K3 model from Beijing-based startup Moonshot, run by a Pink Floyd-loving entrepreneur who earned his…
While Luckin Coffee’s Manhattan debut in June 2025 drew wide coverage, signaling the arrival of a Chinese model for discount specialty coffee in the United States, another rapidly growing Chinese chain with an intertwined backstory had already been spreading throughout the country for more than a year, with less media fanfare. Cotti Coffee, which claims…
The former mayor of a Southern California city admitted in federal court Friday that she acted as an illegal agent of the Chinese government, formally pleading guilty in a case prosecutors have described as a brazen effort to spread Beijing-backed propaganda inside the United States. Eileen Li Wang, the former mayor of Arcadia, California, pleaded…
Global drug maker Pfizer and biotech firm Amgen, each valued at more than HK$1 trillion (US$153 billion), are among 22 strategic enterprises planning to open or expand offices in Hong Kong, the South China Morning Post has learned. A source said on Monday that these industry leaders were among companies from the fintech, cloud computing…
The Trump administration announced nearly $890 million in federal funding Tuesday for water infrastructure projects across the Western United States, with California receiving about 60% of the total to repair sinking canals, modernize pumping systems, and plan an expansion of Shasta Dam. Interior Secretary Doug Burgum said the funding is aimed at strengthening water security,…
Humanoid robots are rapidly gaining hype, from battlefields to the factory floor. But there are clear growing pains when it comes to sharing spaces with our new automaton friends. Just this month, a video circulated online showing a robot being escorted away by cops after startling an old lady. Now, a different robot appears to…