The Alibaba stand at the World Artificial Intelligence Conference at the Shanghai World Expo Exhibition Center in Shanghai, China, on July 5, 2024. Nurphoto | Nurphoto | Getty Images While U.S. markets have been focused on the impact of Anthropic and Altruist’s tools on software and financial services, China’s tech giants have released AI models…
Short-video platform Kuaishou Technology reported a major cyberattack to the police after a breach on Monday evening allowed explicit content to flood high-traffic live rooms for more than an hour. Kuaishou’s live-streaming services were thrown into chaos at around 10pm when recommended feeds were inundated with explicit material, according to news website Sina. Viewership in…
Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for haven assets like gold. The Hang Seng Index declined 0.7 per cent to 26,944.34 as of 11am local time, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.5…
Hong Kong stocks jumped on Thursday after a one-day break, as signs of stabilisation in the property sector and gains in technology firms boosted sentiment. The Hang Seng Index shot up 1.3 per cent to 27,191.99 as of 9.55am local time. The Hang Seng Tech Index added 2.2 per cent. Mainland stock exchanges are closed…
Hong Kong stocks fell for a second day on Friday as investors held back ahead of a closely watched talk between US President Donald Trump and Chinese President Xi Jinping, which could yield signals on tariffs, TikTok’s fate and the battle for tech dominance. The Hang Seng Index slid 0.2 per cent to 26,485.31 as…
The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend payments to shareholders will be made on October 6. Second-quarter revenue rose 13.1 per cent to 35 billion…
Hong Kong stocks fell for a fifth straight session on Wednesday, tracking an overnight sell-off on Wall Street and lingering concerns that tariffs on China will stay in place after US Treasury Secretary Scott Bessent suggested no imminent change. The Hang Seng Index declined 0.6 per cent to 24,980.20 at the noon trading break, adding…
Hong Kong stocks fluctuated between gains and losses on Tuesday as investors awaited a high-level government meeting in China that may set the policy tone for the second half. The Hang Seng Index rose 0.1 per cent to 24,996.73 as of 10.07am local time. The Hang Seng Tech Index was little changed. On the mainland,…
Chinese artificial intelligence (AI) stocks are expected to defy a slowdown across industries, as the mainland relies on the technology to boost business efficiency and revive economic growth, according to investors and analysts. Companies including Meituan and Xiaomi were set to benefit from a wave of AI integration that would transform business models, according to…
Hong Kong stocks fell after a government report showed manufacturing in China struggled to expand this month as US tariffs hampered exports, while traders braced for more volatility before a deadline on US trade deals. The Hang Seng Index dropped 0.4 per cent to 24,182.95 at the local noon trading break on Monday, trimming this…