Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV) market amid increasing competition from domestic rivals. The new variant, dubbed the Model Y L, is set to debut this autumn, the US EV giant…
Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on a slew of data points from the Asia-Pacific region today, including Japan’s trade figures, Singapore’s non-oil domestic exports numbers as well as Australia’s employment print for the month of June. Economists polled by Reuters expect…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Hong Kong authorities have unveiled highly anticipated proposals to regulate ride-hailing services, marking a significant milestone for a sector that has existed locally in a grey area for a decade. However, unanswered questions remain on the proposed new regulatory regime, with figures for quotas on ride-hailing vehicles, a levy on trips and assorted fees not…
Singapore Ranked World’s Most Expensive City for Luxury Spending in 2025 for Third Consecutive Year (Image: iStock) If your idea of a good time involves designer shopping sprees, Michelin-star meals, and the occasional diamond-studded indulgence, then you might want to check your bank balance before booking a flight to Singapore. In the ever-shifting game of…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China. The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per…
Herve Dagorne has issued a sobering warning to Hong Kong’s cyclists after a tough showing at the China Track Championships. Entering Tuesday’s climax of the six-day competition in Shanghai, which serves as a a key warm-up for November’s National Games, the city team’s senior riders remained empty-handed. On Monday, leading light Ceci Lee Sze-wing opened…
China’s second-quarter GDP grows 5.2%, topping market expectations China’s economy grew at a slower clip in the second quarter, slightly beating expectations as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn. China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National…
Donald Trump’s recent spats with Elon Musk – which included threats to deport the South African-born billionaire – have prompted speculation that he might move his business empire to China. That prompted Trump to write on social media earlier this month: “Elon may get more subsidy than any human being in history, by far, and…