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The residential site on Choi Ha Road, near private housing estate Amoy Gardens, is expected to yield 470 residential units. Photo: Google Maps
Hong Kong property

Kowloon East site attracts nine bids as Hong Kong housing outlook brightens

Hong Kong developers show stronger interest in land sales as home prices rebound and sentiment improves.

Made in China 2025

Fosun Pharma unit licenses lung cancer drug to Eisai in US$1.55 billion deal

Solar energy

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

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Pizza Hut

Pizza shut: iconic chain to close 250 US locations

Yum! Brands targets underperforming restaurants as it conducts a strategic review for Pizza Hut.

The restaurant chain opened nearly 1,200 outlets across 65 countries last year. Photo: Facebook / @Pizza Hut Taiwan
The restaurant chain opened nearly 1,200 outlets across 65 countries last year. Photo: Facebook / @Pizza Hut Taiwan
Electric & new energy vehicles

Why CATL’s sodium-ion breakthrough could be a game changer for China’s EV market

The Naxtra battery, more price-stable and cold-resistant than the lithium-ion units now powering most EVs, will undergo its first tests this week.

Consumers

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

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IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Electric & new energy vehicles

China’s turbocharged EV market hits a speed bump amid falling sales

After years at full throttle, China’s EV sector is slowing sharply, with sales sliding in January as tax breaks fade and costs rise.

Tencent

Tencent’s giveaway campaign for AI chatbot Yuanbao blocked – by WeChat

Units clash as super app blocks links from AI chatbot’s US$144 million promotion for ‘impacting user experience and causing harassment’.

Artificial intelligence

Chinese AI firms defend safety practices, push back on Western criticism

Chinese developers stress cultural context in AI safety, as domestic models narrow the gap with their US rivals to the closest level yet.

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Concerns about the risks of Chinese AI models held back some global users from adopting them, with DeepSeek banned or restricted in more than 10 countries. Photo: Shutterstock
Hong Kong property

Hong Kong developer SHKP’s executive director resigns on health grounds

The city’s largest developer says it is looking into news reports related to Maureen Fung and ‘will follow up as may be appropriate’.

Maureen Fung had no disagreement with the SHKP board, according to a stock exchange filing. Photo: K.Y. Cheng
Maureen Fung had no disagreement with the SHKP board, according to a stock exchange filing. Photo: K.Y. Cheng
Semiconductors

Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

Several suppliers aim to follow in the footsteps of Montage Technology, which is set to raise US$896 million and debuts next week.

Fintech

HKMA launches quantum readiness and cybersecurity projects for banks in AI era

Banking regulator sets fintech road map with quantum index and measures to boost security, data quality and skills.

Artificial intelligence

Funding surge powers Chinese robotics firms as focus shifts to humanoid ‘brains’

State-backed funds, Big Tech drive fresh capital into robotics companies, betting on operating systems that underpin humanoid intelligence.

A humanoid robot at the Beijng World of Robots. A new wave of firms is emerging with capital directed towards robotic software and operating systems. Photo: Xinhua
China airliners

How a regulatory change could help China’s C919 jet take on Airbus and Boeing

Chinese regulators have opened the door to letting the C919 use narrow runways, which could boost the plane’s prospects in Southeast Asia.

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A C919 passenger jet performs a fly-by at the Singapore Airshow in 2024. Photo: Xinhua
A C919 passenger jet performs a fly-by at the Singapore Airshow in 2024. Photo: Xinhua
Artificial intelligence

Compact AI model from China’s StepFun outshines rivals from DeepSeek, Moonshot

StepFun says its lightweight model Step 3.5 Flash aims to redefine efficiency and reasoning in China’s growing AI race.

Macau

Uber enters first Asian market in years with Macau relaunch

Riders can hail taxis in the gambling hub, or reserve limo service to and from Hong Kong, via the Uber app from Tuesday.

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Hong Kong stock market

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

Eastroc’s IPO attracted 16 cornerstone investors, who subscribed to about 49 per cent of the offer. Photo: Handout
Eastroc’s IPO attracted 16 cornerstone investors, who subscribed to about 49 per cent of the offer. Photo: Handout
Artificial intelligence

‘Value for money’: OpenClaw picks Chinese AI models for cost edge over US rivals

OpenClaw adds Moonshot AI’s Kimi and MiniMax as Chinese open-source AI models gain global appeal for cost and performance.

Artificial intelligence

Red packet rumble: will Tencent’s cash giveaway work again in crowded AI market?

Analysts say strong competition from ByteDance, DeepSeek, Ant Group and Alibaba may prevent Tencent’s Yuanbao from repeating WeChat glory.

Robotics

When a robot topples: China’s Xpeng deals with fallout from humanoid’s plunge

CEO draws parallel to toddlers learning to walk before they run, after Iron’s loss of balance becomes viral fodder.

Staff members assist Xpeng’s Iron robot after its fall during a demonstration in Shenzhen. Photo: Handout
Artificial intelligence

Alibaba’s Qwen ramps up AI app race with Spring Festival giveaway blitz

Alibaba unveils US$432 million campaign to push mass-market adoption of its AI as rivalry with Tencent, Baidu and ByteDance intensifies.

Alibaba’s Spring Festival campaign will be launched across its ecosystem that includes shopping platform Taobao and on-demand retail and food-delivery service Shangou. Photo: Simon Song
Alibaba’s Spring Festival campaign will be launched across its ecosystem that includes shopping platform Taobao and on-demand retail and food-delivery service Shangou. Photo: Simon Song
Electric & new energy vehicles

Chinese EV makers’ shares skid as sales slide after tax incentive ends

Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.

Artificial intelligence

China’s AI labs race to debut latest models before Lunar New Year

More firms expected to follow Alibaba and Moonshot with model releases, as the festival becomes a key period to establish visibility.

IPO

Hong Kong back in global IPO spotlight after strongest January in years

IPO pipeline swelled in January, with listing applications tripling year on year and proceeds reaching their second highest level on record.

Chinese artificial intelligence start-up MiniMax Group raised US$711 million in January, the largest in Hong Kong and the third biggest IPO globally for the month. Photo: Shutterstock
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