Tech operators in China have been given a deadline to rectify issues with recommendation algorithms, as authorities move to revise cybersecurity regulations in place since 2021. A three-month campaign to address “typical issues with algorithms” on online platforms was launched on Sunday, according to a notice from the Communist Party’s commission for cyberspace affairs, the…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
An increasing number of women in China are breaking free from the constraints of traditional values that dictate they should be obedient and devoted to the family. Instead, they are advocating for their rights to equal education and professional opportunities. This surge of confidence is being prominently displayed on mainland social media, giving the Chinese…
Hong Kong stocks rose, paring back a loss for the week, after property sales in China returned to growth for the first time this year, adding to evidence of stabilisation in the world’s second-largest economy. The Hang Seng Index gained 0.5 per cent to 20,417.72 as of 9.47am local time, paring to 0.6 per cent…
What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU),…
Beijing’s big-bang stimulus may have restored more than US$3 trillion of value to Chinese stocks, but not everyone has been lucky enough to reap that windfall, especially those who timed their exit before the rally took hold. Retail giant Walmart sold 144.5 million of JD.com’s US-listed shares at US$24.95 each on August 20, missing out…
Hong Kong stocks rallied, driving the market to its best month in almost two years. Major mainland Chinese cities removed more curbs on home purchases in a follow-up to Beijing’s stimulus package, brightening the recovery outlook. The Hang Seng Index surged 3.3 per cent to 21,321.97 at the local noon trading break. The benchmark has…