Stripping out the effect of exchange-rate fluctuations, new business value surged 31 per cent while annualised new premiums rose 26 per cent.
Buoyed by the brisk sales of flats following the removal of Hong Kong’s property cooling measures, the city’s developers have this year launched 4,800 new units as of last week, a seven-year high.
Billionaire Elon Musk flew into Beijing on Sunday, meeting Premier Li Qiang and hoping to bring Tesla’s autonomous driving technology to China amid intensified competition with local electric vehicle makers.
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
All 260 flats on offer at Onmantin were already on Saturday after the project received 7,500 orders from prospective buyers.
AeroHT, an affiliate of Chinese electric vehicle maker Xpeng, has started the countdown for the commercialisation of its flying car and plans to start taking pre-orders in the fourth quarter of this year.
Overseas travellers from nine countries can make payments in Hong Kong using their mobile payment apps after Ant Group expanded its digital payment network via partnerships.
International marques are mounting a spirited fightback, focusing on reliability and safety, and providing a mixed bag of petrol and electric cars for a new generations of local customers.
The first 18 office units have been priced from HK$7.2 million to HK$22.7 million, or around HK$12,000 to HK$14,000 per square foot, NWD said in a statement on Thursday.
The carmaker hopes to lure high-end Chinese consumers amid an escalating price war among some of its top rivals.
Sales at the South Korean firm, the world’s No 2 maker of memory, more than doubled in the March quarter, beating estimates.
Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
TSMC, a key supplier to Nvidia and Apple, says a new chip-manufacturing technology called ‘A16’ will enter production in the second half of 2026.
Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.
‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader
A consortium of CK Infrastructure, CK Asset Holdings and Power Assets Holdings is acquiring the largest natural gas network company in Northern Ireland. The deal is expected to be completed by the end of April.
Charles Li, former head of the Hong Kong stock exchange, wants to bring its model of financing for a cut of daily revenue to Southeast Asia as early as the fourth quarter.
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.
Launched in 2006, Baidu Baike gained popularity partly because access to Wikipedia was unreliable and eventually blocked in China.
The German carmaker, which saw its market share shrink in China last year, said it plans to launch 30 new electric cars on the mainland by 2030 as it vies to keep up with the rapid pace of electrification in the world’s largest vehicle market.