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…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…
Chinese AI startup DeepSeek has posted an urgent job listing for product management and design roles, signaling a strategic pivot from pure research toward commercialization of its advanced language models. The company is seeking candidates in Beijing and Hangzhou to create the “next generation of intelligent product experience” centered on large language models.According to Business…
A number of mainland China companies are making plans for initial public offerings (IPOs) or secondary listings in Hong Kong, a trend that augurs well for the city’s effort to claw its way back to the top of the global league table of fundraising destinations. Wang Xingxing, the founder of humanoid-robotics start-up Unitree, told Hong…
Hong Kong must act “fast and be agile” in providing tailored financial and professional service solutions to Zhejiang-based technology companies as ongoing US-China tensions continue to disrupt their supply chains, industry representatives and experts have said after the city leader’s trip to the province. During Chief Executive John Lee Ka-chiu’s four-day trip to Zhejiang province,…
Hong Kong is set to launch a locally developed ChatGPT-style artificial intelligence (AI) tool powered by DeepSeek in the second half of the year, with the platform featuring elements of the city and being able to answer “all kinds of questions”, the innovation chief has said. Secretary for Innovation, Technology and Industry Sun Dong gave…
Hangzhou’s “Six Little Dragons” and other mainland Chinese tech firms could leverage Hong Kong’s financing capabilities and international access to expand overseas amid the US-China trade war, observers have said. Chief Executive John Lee Ka-chiu met representatives from the six start-ups that upended the mainland’s tech scene on the second day of his visit to…