More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits. GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a listing…
A frugal food-delivery worker in China who has saved 1.12 million yuan (US$160,000) over the past five years has won admiration online. Zhang Xueqiang, 25, came to Shanghai to take up the delivery job with a major platform in 2020. His move came after a breakfast shop operated by him and his friend in his…
I grew up in Hong Kong’s Tai Po district and Wang Fuk Court was a stone’s throw away from my school. In the recent fire, 16 students and one staff member of my alma mater were affected. Fortunately, there were no casualties among them, but homes were destroyed and their loss was profoundly felt. The…
Hong Kong customs has, for the first time, uncovered a drug smuggling operation involving an underwater compartment of a large cargo ship, resulting in the seizure of HK$256 million (US$32.89 million) worth of suspected cocaine. The operation last month, supported by intelligence from mainland China and underwater robots, also disrupted what investigators believed was an…
The global air travel market has bounced back to pre-pandemic levels, with the industry upbeat about 2026 and the Asia-Pacific region expected to lead worldwide traffic growth, the International Air Transport Association (IATA) said on Monday. Load factors in Asia-Pacific were projected to hit an all-time regional high of 84.4 per cent next year, according…
A 100-year-old grandmother-turned food blogger in Shanghai has trended on social media thanks to her enthusiasm for eating a range of foods. The centenarian’s culinary likes include strong flavoured foods normally shunned by elderly people. The lifestyle of Zhong Wenyu, who turned 100 in September, is far different from that of many senior citizens who…
HEFEI, China (AP) — Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) in a…
China’s artificial intelligence still needs to improve in six aspects, from ecosystem to funding, but the emergence of DeepSeek has significantly boosted the sector’s confidence in overcoming US restrictions, according to a mainland venture capital firm. China and the US were the two top players in global AI development, with the former leading in humanoid…
Shanghai’s luxury retail market is set to become increasingly competitive, fuelled by a citywide shift as prime malls embrace experiential concepts to differentiate themselves. Hong Kong developer Hang Lung Properties on Friday said that it had secured a 20-year lease for the No 1038 West Nanjing Road commercial project – formerly known as Meilong Town…
Fans of Chinese table tennis superstars Wang Chuqin and Sun Yingsha have been a constant, visible presence at this week’s WTT Finals, packing into Hong Kong Coliseum in their sponsor-branded hoodies and T-shirts. Outside the venue, the fan village has become a gathering point, with supporters posing for photos in front of backdrops featuring Chinese…