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.
Chinese companies, most of which lag behind their global peers in brand awareness, are seizing a chance for larger recognition at this year’s Olympic Games.
‘The content of the clip leaked sensitive information about our customers and violated the company’s compliance rules,’ China Securities said.
Linklaters, the legal adviser for an ad hoc group of bondholders, held a meeting on Wednesday to boycott the developer’s proposal, urging creditors not to sign the restructuring support agreement.
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.
The optimistic forecast shows how snacks are outperforming other products in the consumer staples category, as consumption slows in mainland China.
The current generative AI boom has raised people’s expectations of the entire video gaming market, according to Tencent Cloud’s Chen Liang.
Eddie Yue Wai-man has been appointed for a second five-year term as the chief executive of the Hong Kong Monetary Authority, the city’s de facto central bank.
Sanjay Mehrotra was among a group of American executives visiting China this week, but the memory chip maker avoided bringing attention to it.
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.
Hong Kong stocks benchmark fluctuated between gains and losses as investors awaited policy easing measures to address concerns about weak domestic demand.
A year after the launch of TigerGPT, investors are recognising the benefits of AI in helping sift through a sea of financial data, according to the company.
In the third of a four-part series on green hydrogen, Eric Ng and Yujie Xue look into start-ups that are working on creating the infrastructure and technology to take the low-carbon fuel mainstream.
In the second of a four-part series on the fuel of the future, Yujie Xue looks at the opportunities, threats and challenges China faces in dominating the industry.
In the first of a four-part series, Peggy Sito and Yujie Xue look at the competitive edge of different countries and regions in the green hydrogen industry.
The price of AI services in China plummeted in May after ByteDance kicked off a price war by pricing access to its LLMs at 99.8 per cent below GPT-4.