The number of visitors to Hong Kong rose by 12 per cent year on year in July, with long-haul arrivals from countries such as Britain, the United States and France showing the biggest increase of 21 per cent, according to official data. The Hong Kong Tourism Board said on Friday that the city welcomed 4.39…
The anti-corruption agency has arrested five people, including two healthcare professionals, for allegedly pocketing as much as millions of Hong Kong dollars in government subsidies for elderly community services through fake visit records and sharing funds with the residents’ family members. Matthew Chang Chor-ming, principal investigator from the Independent Commission Against Corruption’s (ICAC) operations department,…
The anti-corruption agency has arrested five people, including two healthcare professionals, for allegedly pocketing as much as millions of Hong Kong dollars in government subsidies for elderly community services through fake visit records and sharing funds with the residents’ family members. Matthew Chang Chor-ming, principal investigator from the Independent Commission Against Corruption’s (ICAC) operations department,…
Elon Musk says Apple has made it “impossible” for AI apps that aren’t ChatGPT to hit No. 1 on the App Store. The problem with that argument is that DeepSeek did exactly that earlier this year — and Musk’s Grok app may have as well. XAI’s Grok app currently sits at #5 on the Apple…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
The skeletal remains of an elderly woman have been discovered in a Hong Kong public rental flat, the second such case in three months. The situation came to light at 10am on Wednesday when officers from the Housing Department visited the home of the 77-year-old at Shing Yat House in Kwai Shing East Estate to…
China’s military has warned that America’s new containerised missile and rocket launch system could “seriously undermine regional strategic stability”. A commentary in PLA Daily on Thursday noted that the launcher – hidden inside a shipping container – had appeared in recent footage from the US Army’s Fort Bragg base in North Carolina. The People’s Liberation…
HONG KONG — Hong Kong retail sales lost steam in June after a modest rebound in May, the latest data shows, indicating that the market is still struggling with a combination of weak domestic consumer sentiment, outbound travel and lukewarm tourist spending. Sales totaled 30.1 billion Hong Kong dollars ($3.86 billion) for the month, up…
As the fundamental investing world marvels at another potential bubble made up of meme stocks and retail traders, quant hedge funds are trying to solve a much more complex problem. The smartest people at the smart money firms have been on a weekslong losing streak starting at the beginning of June, with firms like Qube,…
Hong Kong leader John Lee Ka-chiu has pledged to adopt innovative thinking to make the city a “preferred travel destination”, following a 12 per cent increase in tourist arrivals during the first half of the year. Latest figures by the Hong Kong Tourism Board showed that the city welcomed about 3.48 million visitors in June,…