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Artificial intelligence
Tech Trends
Chinese-owned Character.ai rival vanishes from US App Store
Talkie, a popular AI companion app developed by Shanghai start-up MiniMax, has been removed from Apple’s store in the US.
20 Dec 2024 - 9:00PM
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Electric & new energy vehicles
China’s car parts, software industry to hit US$356 billion by 2030
20 Dec 2024 - 7:00PM
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Tencent
China’s super app WeChat flexes e-commerce muscles with gift feature
20 Dec 2024 - 7:00PM
Companies
SCMP Exclusives
Exclusive
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Wynn Macau calls for easier travel process with Hong Kong to lift tourism
View echoes call by President Xi Jinping for both cities to ‘stay united and work for greater achievements’.
20 Dec 2024 - 2:43PM
Wynn Macau president and vice-chairman Linda Chen says “Macau and Hong Kong should work together as a greater area”. Photo: Sun Yeung
Companies
Stocks
Chinese toymaker Pop Mart’s 370% surge fuelled by blind box collectibles
Pop Mart’s blind box toys have become a global sensation, turning the toymaker into the hottest Chinese growth company.
20 Dec 2024 - 2:14PM
Companies
CK Hutchison
CK Hutchison’s Wind Tre unit faces Italian tax probe in €3.4 billion asset sale
The alleged evaded taxes would amount to about €132 million for 2022 on the sale of mobile phone towers, according to a document.
20 Dec 2024 - 11:59AM
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China Business
Stocks
Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge
The Beijing-based ‘old shop’ jeweller’s unique luxury strategy draws comparisons with Cartier and Tiffany.
20 Dec 2024 - 11:35AM
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Beijing-based Laopu Gold’s shares have surged in Hong Kong this year. Photo: SCMP Pictures
Big Tech
Ant Group
Chinese fintech giant Ant denies imminent restart of IPO process
Amid rife speculation, the company says it has no current plans to go public or pursue a back-door listing.
19 Dec 2024 - 8:31PM
Big Tech
Alibaba
Alibaba splits AI team to sharpen consumer and business focus
It follows similar moves by ByteDance and Baidu, which have divided their AI research and application teams to tackle a competitive market.
19 Dec 2024 - 6:00PM
Markets
HKEX
HKEX unveils reforms to boost Hong Kong’s IPO market so it can reclaim top spot
Changes to board representation and listing rules are aimed at making Hong Kong a more attractive listing destination, HKEX says.
19 Dec 2024 - 7:56PM
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Tech Trends
Artificial intelligence
From autonomous driving to GenAI: TuSimple shifts gears as founders quarrel
Once a rising star in autonomous driving, TuSimple has announced a rebranding as it pursues AI-generated video content after ousting its CEO.
19 Dec 2024 - 1:30PM
TuSimple has rebranded as CreateAI as it looks to generative AI services to turn a profit by 2026. Photo: Handout
Tech War
Cybersecurity
US investigates China-founded internet router maker TP-Link
Investigators fear that TP-Link is using ‘the Huawei playbook’, according to people familiar with the probe.
19 Dec 2024 - 10:17AM
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Business
Hong Kong property
Hong Kong outshines Singapore as demand for flexible office space grows: report
Bengaluru and Makati are the hottest spots as demand surged by 107 and 47 per cent, respectively, according to a study.
19 Dec 2024 - 9:22AM
China
US-China relations
US TikTok ban: Supreme Court to review law banning Chinese-owned app
The arguments over whether the law violates freedom of speech protected by the US Constitution will be heard on January 10.
19 Dec 2024 - 5:07AM
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China Business
Electric & new energy vehicles
CATL to build 1,000 EV battery swap stations in China to ease range anxiety
Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.
18 Dec 2024 - 9:15PM
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Robin Zeng, CEO of EV battery maker CATL, greets a guest after a launch event for the next generation of swap stations in Xiamen, Fujian province on December 18, 2024. AP Photo
Companies
Mergers & Acquisitions
Nissan and Honda may merge to take on larger rivals and EV makers
Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.
18 Dec 2024 - 1:04PM
Big Tech
E-commerce
Walmart partners with Chinese delivery giant Meituan for speedy service
The world’s largest retailer is partnering up with another Chinese tech firm four months after dumping its stake in JD.com.
17 Dec 2024 - 9:00PM
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Business
Hong Kong property
New World Development takes more beating in market as debt crisis lingers
Stock price slumps further as debt issues threaten to spiral into a crisis of confidence.
18 Dec 2024 - 4:19PM
A sign outside the headquarters of New World Development in Hong Kong. Photo: Reuters
Banking & Finance
Banking & finance
Chinese IPOs surge in Hong Kong as Minieye and Guming line up
The maker of autonomous-driving technology aims to raise US$100 million and the bubble-tea purveyor seeks up to US$500 million.
17 Dec 2024 - 6:18PM
China
US-China relations
TikTok asks US Supreme Court to halt divest-or-ban law, pending review
Highest US court is asked to review lower court’s ruling as Donald Trump praises popular video app for helping him connect with young voters.
17 Dec 2024 - 7:10AM
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China Business
Starbucks
Starbucks hires chief growth officer in China to fight off Luckin Coffee
Tony Yang will focus on attracting young coffee drinkers via tie-ups with entertainment franchises and pop culture icons.
16 Dec 2024 - 4:49PM
OPINION
Brian Y. S. Wong
Opinion
|
3 obstacles China must overcome to mend ties with Europe
6 Dec 2024 - 9:57PM
7
Nicholas Spiro
Macroscope
|
Why Germany has more to fear from a second Trump term than China
28 Nov 2024 - 6:28PM
Zhou Xin
My Take
|
Tesla is getting love from Chinese state media, but can the affair last?
19 Nov 2024 - 7:00AM
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
G.A. Donovan
Opinion
|
Why China’s EV start-ups can now breathe a little easier
4 Oct 2024 - 8:30PM
Christopher Tang
,
Kenneth Tang
The View
|
How Hong Kong can lead the way on sustainable textiles
4 Oct 2024 - 4:30PM
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