During a House subcommittee hearing on research and technology on Tuesday, analysts testified as to the implications of China’s rising tech capabilities and warned of the risks the US faces if it fails to act swiftly. Witnesses cautioned that Beijing’s ability to develop cutting-edge AI systems at a fraction of the cost of American competitors…
Ant Digital Technologies, the technology arm of Ant Group, has chosen Hong Kong for its international headquarters in a show of commitment to artificial intelligence (AI) and Web3 technologies, the unit announced on Tuesday. The subsidiary cited Hong Kong’s role as a “bridgehead” for its global strategy. The company plans to establish joint laboratories with…
Misa Zhu Mingming, an engineer who had worked at Alibaba Group Holding, left in 2014 to found his own venture, Rokid. The start-up, which develops smart glasses, was backed by angel investors that included Vision Plus Capital, formed by Eddie Wu Yongming and others before Wu became CEO of Alibaba in 2023. A decade later,…
Hong Kong’s market for initial public offerings is roaring back. After a period in the doldrums, the city has climbed to become the world’s fourth-biggest IPO market, after America’s Nasdaq, the New York Stock Exchange and Tokyo Stock Exchange. Now is the time for Hong Kong to regain its throne. A total of US$2.3 billion…
US President Donald Trump’s recent tariff announcements have reignited concerns about a potential trade war, particularly with China. The new tariffs, imposing a 54% rate on Chinese imports, threaten to disrupt numerous sectors, with technology supply chains facing significant impact. The Trump administration justifies the tariffs as a means to safeguard American industries and rectify…
“Short-term traders to stay cautious and observe stock price stabilising above the 5-day moving average,” the Futubull artificial intelligence (AI) chatbot said in a demo. “Long-term traders, instead, should build positions in batches as low valuation (price-earnings ratio 9.96, price-to-book ratio 0.32) and high dividend yield provide a margin of safety.” The bot also advised…
On Thursday, the MPF reported a HK$34.8 billion investment return in the first quarter, according to data from MPF Ratings, an independent research firm. The MPF’s 379 constituent funds generated an average return of 2.7 per cent in the first quarter, the best performance since a 4.1 per cent gain in the first quarter of…
Alibaba Cloud, the cloud computing unit of the Hangzhou-based tech giant, plans to launch its Qwen3 LLM this month, according to people familiar with the matter. Alibaba owns the South China Morning Post. The upgraded model is expected to come in multiple variants, including a standard version and a Qwen3-MoE, which uses a mixture-of-experts architecture,…
BlackRock, the asset manager at the centre of a deal to buy US$23 billion in port assets from Li Ka-shing’s CK Hutchison Holdings, has about US$15.5 billion invested in Hong Kong and mainland-listed stocks through its China-focused funds, with its portfolios concentrated on technology and financial companies. According to its website, the world’s largest money…
Major stock benchmarks in Hong Kong, Singapore and the US have upside potential in 2025 as breakthroughs in artificial intelligence (AI) create big opportunities, according to HSBC’s survey of wealthy investors in the two Asian financial hubs. Some 55 per cent of the respondents said the Hang Seng Index, the Straits Times Index and the…