The Hang Seng Index rose 1.2 per cent to 20,650.82 as of 9.49am local time, extending a 2.8 per cent gain on Monday. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.9 per cent and the Shanghai Composite Index added 1.6 per cent. Sentiment took a…
Chinese Big Tech firms ByteDance, Alibaba Group Holding and Tencent Holdings are looking to recruit some of the world’s brightest minds in artificial intelligence (AI) with their enhanced presence at this year’s Annual Conference on Neural Information Processing Systems (NeurIPS), often referred to as the “Olympics of AI”. At NeurIPS to be held in Vancouver,…
Foreign spies could be using deepfake technology to threaten both individual and national security, China’s Ministry of State Security has warned. Deepfake tools, while finding application in general industries, could be exploited by espionage agencies as a new weapon for “cognitive warfare”, the ministry said in a statement on its social media account on Saturday….
Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent…
China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and vastly exceeding that of neighbouring Hong Kong to cement its position as a national research mecca. Shenzhen’s R&D expenditure jumped to 223.66 billion yuan (US$30.93 billion) in 2023, surpassing the 200-billion-yuan mark for the first…
A group of smaller listed companies are joining together to highlight the challenges they face and help other firms to use the Hong Kong stock market to raise funds and capture new business opportunities. The Hong Kong Small and Medium Listed Companies Association is a non-profit industry body formed by a group of businesspeople who…
China’s latest stock market rally has quickly turned retail investors’ mood across the country from extremely bearish to very bullish, as domestic social media fans a growing sentiment of FOMO – the fear of missing out – even though another round of volatility could be just down the road. That investor euphoria, aroused by the…
As global markets grapple with geopolitical tensions and economic uncertainties, Hong Kong’s tech sector has shown resilience, buoyed by optimism surrounding Beijing’s support measures. In this dynamic environment, identifying high-growth tech stocks involves looking at companies with strong innovation capabilities and adaptability to shifting market conditions. Top 10 High Growth Tech Companies In Hong Kong…
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…
The Hong Kong market has recently experienced a surge, driven by China’s robust stimulus measures aimed at revitalizing its economy, which has positively influenced investor sentiment and technology stocks in particular. In this dynamic environment, identifying promising high-growth tech stocks involves looking for companies that are well-positioned to benefit from increased demand and innovation within…