The GBA has emerged as one of the country’s most important tech hubs. Photo: Edmond So

    Greater Bay Area trails peers in basic research despite strong tech potential: Deloitte

    The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for…

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    The challenging economic environment provides opportunities for liquidation experts, according to Derek Lai. Photo: Shutterstock

      Exclusive | Hong Kong to see more debt restructuring amid weak economy, says ‘King of Liquidation’

      Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is…

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      Fortune Tech: China’s Bitcoin theft blame, SoftBank’s Nvidia stake sale, Yann LeCun’s next act?

      Fortune Tech: China’s Bitcoin theft blame, SoftBank’s Nvidia stake sale, Yann LeCun’s next act?

      Good morning. I had the pleasure of hosting more than a dozen executives yesterday in a Fortune CEO roundtable discussion about how their strategies are shifting amid economic uncertainty and global complexity. We kicked things off with former Atlanta Fed president Dennis Lockhart, who outlined the state of the economy and memorably said that it…

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