That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…
A blistering recovery in Hong Kong’s initial public offering (IPO) market this year has delivered a bonanza for investors, with returns above 30 per cent bucking a sluggish economy and languid property market. Holding new shares from the 34 companies that have pulled off offerings in 2025 would generate an average return of 34 per…
At the turn of the century, global innovation followed a Western script. Silicon Valley dominated the world in innovation. Europe exported standards and governance. Asia, in contrast, was cast as the manufacturer, assembler and consumer. But the global innovation order is shifting. According to the latest Edelman Trust Barometer, change is under way not only…
Universities should embrace the use of artificial intelligence (AI) in teaching if they want to survive, the president of Hong Kong’s oldest tertiary education institution has said, as he expects the sector to be reshaped in the coming decade. Xiang Zhang from the University of Hong Kong (HKU) also said it would establish a school…
The rapidly evolving landscape of artificial intelligence has taken a contentious turn with recent allegations against DeepSeek, a Chinese AI startup. According to a senior U.S. official speaking to Reuters, DeepSeek has been accused of aiding China’s military and intelligence operations, a claim that raises significant concerns about national security and the enforcement of export…
A senior US State Department official has accused Chinese artificial intelligence firm DeepSeek of supporting China’s military and intelligence operations, a report has said, adding that the official also said that the company also used shell companies in Southeast Asia in an attempt to unlawfully acquire high-end US semiconductors.The allegations, shared with news agency Reuters…
The United States has accused Chinese artificial intelligence firm DeepSeek of aiding Beijing’s military and intelligence services, with a senior U.S. official claiming the company has also attempted to bypass export restrictions to acquire advanced American semiconductor technology. The allegations, disclosed in an interview withReuters, mark a significant escalation in Washington’s scrutiny of Chinese AI…
Hong Kong-based venture capital firm ORI Capital plans to launch a new fund to invest in Chinese healthcare start-ups, as the domestic biotechnology industry experiences its own “DeepSeek moment”, its founder said in an interview. ORI, established in 2015 with two funds that primarily invest in global biotech start-ups, is in the process of raising…
In the second instalment of a three-part series on financial decoupling between China and the US, experts tell the Post how pressure on US-listed companies from the mainland could be a windfall for Hong Kong’s markets. Read the first part here. A month ago, Patrick Tsang, the CEO of Deloitte China, learned that the US…
Hong Kong – In a move that bridges tradition and innovation, Chinese herbal wellness retailer Hung Fook Tong has teamed up with Nutribite to launch a personalised meal service powered by AI and rooted in traditional Chinese wellness principles. The new meal service combines AI technology with nutritional science and traditional Chinese wellness principles to…