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Business of climate change
Tianqi warns of US$1 billion loss on price slump, halt to Australian expansion
A decline in profit at the firm’s Chilean unit, forex losses and asset impairments contributed to the poor results in 2024.
24 Jan 2025 - 4:23PM
Semiconductors
Chipmaker Texas Instruments’ forecast signals semiconductor slump is persisting
24 Jan 2025 - 12:20PM
Nongfu Spring
Billionaire founder of China’s Nongfu Spring pledges to end price war
24 Jan 2025 - 11:00AM
Hong Kong property
New World says it’s ‘business as usual’ amid rumours of default risk
Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says.
24 Jan 2025 - 11:31AM
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A view of New World Tower in Central. Photo: Jelly Tse
Wealth management
US fund Federated Hermes mulls Hong Kong office to chart Asia growth: CEO
US money manager had US$800.5 billion of assets under management in 2024, including US$3.4 billion in Asia excluding Japan.
23 Jan 2025 - 7:40PM
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Mergers & Acquisitions
HongShan to acquire iconic audio brand Marshall for US$1.1 billion, sources say
The Stockholm-based company’s guitar amplifiers have been used by musicians such as Jimi Hendrix, Eric Clapton and Lana del Rey.
23 Jan 2025 - 4:54PM
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Semiconductors
SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand
The company said supply will remain tight for high-performance chips, but demand declines will accelerate for legacy products.
23 Jan 2025 - 1:15PM
The logo of SK Hynix seen on its product during the 26th Semiconductor Exhibition in Seoul on October 23, 2024.Photo: Reuters
Smartphones
Samsung unveils AI-powered Galaxy S25 smartphones running only Qualcomm chips
Samsung unveiled new AI features in its latest handsets, which do not use any of the company’s Exynos processors, in a setback for its chip business.
23 Jan 2025 - 12:05PM
Hong Kong stock market
Hong Kong stocks fall as China’s market-boosting plan disappoints traders
At least 100 billion yuan of insurance funds will funnelled into A shares as part of a pilot programme within the first six months, regulators say.
23 Jan 2025 - 4:36PM
Banking & finance
HSBC unveils 25-storey tower in Qianhai to drive cross-border collaboration
The bank says it sees ‘huge potential for economic and trade cooperation between Guangdong and Hong Kong’.
22 Jan 2025 - 5:30PM
Commodities
China’s Zijin Mining vies with Glencore after record year for profits
The gold and copper producer has a market capitalisation on par with global commodity trading giant Glencore.
22 Jan 2025 - 4:49PM
An aerial view of Zijin Mining’s site in Kolwezi in southern Democratic Republic of the Cong. Photo: Xinhua
Hong Kong stock market
Tech stocks lead Hong Kong decline, ending 6-day winning streak
JD.com, Bilibili, NetEase and Alibaba lose ground while New Oriental Education & Technology plunges on weak earnings.
22 Jan 2025 - 4:34PM
Hong Kong property
More Hong Kong home buyers may lose deposits, agents say
Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.
22 Jan 2025 - 12:03PM
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Business of climate change
Hong Kong and Singapore firms tie up to decarbonise shipping sector
The deal will combine Towngas’ strengths in green methanol production with Global Energy’s supply chain management.
21 Jan 2025 - 1:30PM
Banking & finance
China to allow foreigners to take onshore bonds offshore via repos, derivatives
China is seeking to open up its markets and support Hong Kong’s status as an offshore yuan hub.
21 Jan 2025 - 1:00PM
PBOC governor Pan Gongsheng. Photo: Reuters
US-ally trade wars
Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs
Texas is seen as a top choice for the Taiwanese laptop because of the state’s power infrastructure and proximity to Mexico.
21 Jan 2025 - 1:02PM
US-China tech war
Nvidia CEO concludes whirlwind Taiwan tour after key meetings
Jensen Huang met top industry leaders, including TSMC founder Morris Chang and Foxconn chairman Liu Young-way.
21 Jan 2025 - 10:54AM
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Hong Kong property
Tourism, student accommodation to give hotel assets a bump, experts say
A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.
21 Jan 2025 - 10:06AM
Hotel porters in Tsim Sha Tsui help guests with their luggages on December 31, 2024. Photo: Eugene Lee
Banking & finance
China’s consumer sentiment nears ‘tipping point’ on stimulus: UBS
Domestic brands and private labels stand to benefit as households save less and spend more, Swiss bank says.
21 Jan 2025 - 1:55PM
China property
Founder of Chinese developer Zhenro faces action on ‘suspected illegal activities’
Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.
21 Jan 2025 - 6:00AM
TikTok
TikTok’s shutdown a ‘clever’ move ahead of Trump inauguration, analysts say
TikTok’s ‘theatrical conversion’ appeals to Trump, as the company seeks to improve its reputation and market valuation, according to analysts.
20 Jan 2025 - 9:00PM
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Semiconductors
Nvidia CEO Huang thanks China staff for loyalty amid US chip curbs
The American entrepreneur touted Nvidia’s contribution to China’s modernisation on a trip to Beijing.
20 Jan 2025 - 5:00PM
Nvidia CEO Jensen Huang holds a computer chip mock-up during a speech at CES 2025 in Las Vegas. Photo: Reuters
Banking & finance
Hong Kong gets 41% more Chinese, foreign firms with record investments
More companies set up their operations in the city last year, taking non-Hong Kong company registrations to record-high.
20 Jan 2025 - 4:12PM
IPO
Chinese soda maker Dayao plans Hong Kong IPO to raise up to US$500 million
The Inner Mongolia-based maker of carbonated beverages, juices and protein drinks is working with advisers on the size and timing of the deal.
20 Jan 2025 - 12:36PM
Hong Kong stock market
Hong Kong stocks rise on positive talks between Trump and Xi
Tech blue chips JD.com, Alibaba and Baidu lead gainers, as investors breathe a sigh of relief on potential thawing of US-China relations.
20 Jan 2025 - 4:47PM
HIGHLIGHTS FROM
China Future Tech
Big Tech
China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5
22 Jan 2025 - 9:13PM
Big Tech
ByteDance in race with US rivals to drive artificial general intelligence
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Big Tech
China poised to expand AI infrastructure to keep pace with US Stargate project
23 Jan 2025 - 9:15PM
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Global Economy
Thai PM’s AI video aims to calm Chinese tourists’ nerves as bookings dip
23 Jan 2025 - 8:30PM
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Big Tech
Tencent ramps up global AI efforts with advanced Hunyuan 3D-generation system
22 Jan 2025 - 7:31PM
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