Major developers like CK Asset had lavished discounts since the start of the year, driving prices down by about 25 per cent from their September 2021 peak.
Sanjay Mehrotra was among a group of American executives visiting China this week, but the memory chip maker avoided bringing attention to it.
Derek Lai and Forrest Kam from Deloitte Touche Tohmatsu and Oliver Cheng from Deloitte Advisory have been appointed joint managers to handle day-to-day operations at the distressed insurer.
Chinese smartphone vendors filled out the entire top-five list for the first time in the second quarter, knocking Apple to No 6.
The Chinese tech giant has partnered with the Olympics to distribute the Paris Games online, replacing a 60-year-old satellite system as the main distribution channel.
Towngas will extend advance payments to suppliers with a lower interest rate through its tie-up with HSBC, provided they can meet the company’s ESG standards.
A total of 2,155 venture-capital deals worth US$17.4 billion were finalised in the Asia-Pacific region in the year’s second quarter, according to a KPMG report.
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
China’s biggest tech firms moved quickly to adopt the most advanced open-source large language model from the owner of Facebook on their cloud platforms.
The system, also dubbed the X NGP (Xpeng navigation guided pilot), is the carmaker’s answer to Tesla’s FSD software, which will not be tested in China until the end of 2024.
Hong Kong grocery chain 759 Store is freezing major investment plans and reviewing tenancy agreements after it booked an annual net loss of HK$29.8 million
Sales of panda bonds jumped to a record US$17 billion this year, beating the previous record for a comparable period of US$11.8 billion of sales established in 2023.
A push from Samsung Electronics and SK Hynix into high-bandwidth memory, cheaper valuations and outsize gains from Taiwan Semiconductor Manufacturing are making Korean shares a more appealing bet.
Wong’s comments represent the strongest pushback by one of the city’s most powerful lobby groups against the HKEX as it collects public feedback until August 16 on its proposal to improve corporate governance.
Apple is reportedly working on a clamshell-style foldable smartphone for release as soon as 2026, while Huawei prepares a dual-hinged foldable for production.
Hong Kong’s largest developer completes first land exchange agreement with the government under the revised arrangements for the Enhanced Conventional New Town Approach.
Apple’s Jeff Williams met with Shenzhen Communist Party Secretary Meng Fanli, who welcomed the iPhone maker to increase investment in the city.
Digital Domain’s research and development centre in Hong Kong will focus on artificial intelligence-powered virtual humans and their application in service-oriented environments.
Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.
The number of ultra-wealthy individuals in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll.
Shanghai and neighbouring provinces of Zhejiang, Jiangsu and Anhui will fine-tune their business environment to spur activity in the YRD region, official says.