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In recent months, Alibaba has accelerated efforts to monetise growing global adoption of its Qwen AI models. Photo: Shutterstock

Big Tech

Alibaba recruits Google DeepMind contributor to join Qwen AI team: sources

Zhou Hao to join as head of post-training research, sources say, as technical lead Lin Junyang departs in reshuffle.

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Air freight costs for China shippers may jump 30% as Middle East airspace closes

More Hongkongers leave money in MPF pension plan amid market rally

China Business

China’s EV battery leader CATL to step up use of AI in R&D: founder

Billionaire Robin Zeng Yuqun promises higher investment, touts ‘resilient supply chain and ecosystem’ driving export growth.

A CATL battery design is displayed at an automotive trade show in Munich on September 5, 2023. Photo: Xinhua
A CATL battery design is displayed at an automotive trade show in Munich on September 5, 2023. Photo: Xinhua

China Business

China biotech outlicensing tops US$52 billion in first 2 months

The latest deals are Sino Biopharmaceutical’s partnership with France’s Sanofi and Antengene’s agreement with Belgium’s UCB.

Tech

Asian tech stocks reel as US-Iran war threatens infrastructure and supply chains

South Korea’s Kospi is the worst-hit in Asia, with Samsung Electronics and SK Hynix falling 11.7 per cent and 9.6 per cent, respectively.

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Business

Singapore offices cost the most to outfit, Asia-Pacific survey says

Fit-out costs in the city average more than US$2,000 per square metre, topping Tokyo, with Hong Kong in eighth, Knight Frank report says.

Rents have been rising amid falling vacancy rates in Singapore’s central business district. Photo: AFP
Rents have been rising amid falling vacancy rates in Singapore’s central business district. Photo: AFP

China Economy

How China’s sovereign debt is becoming a real alternative to US Treasuries

Beijing is now offering dollar-denominated sovereign bonds at rates matching equivalent US Treasuries – and investors are snapping them up.

China Business

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

China EVs

Low-cost models rule China sales; Geely’s bets amid price wars: 7 EV reads

From rising battery costs to Xpeng’s CEO calling to skip a step in self-driving cars, here are seven EV stories you may have missed.

Geely’s Xingyuan was the top-selling EV in China last year. Photo: Weibo

China Economy

Persian Gulf crisis boosts Chinese airlines’ routes to Europe amid turmoil

Chinese carriers gain advantage as Gulf carriers take heavy hit from airspace closures; actress Dilraba Dilmurat among those stranded.

A man stands in front of a closed check-in counter for Gulf carrier Etihad at London Heathrow Airport on Sunday. Photo: AFP
A man stands in front of a closed check-in counter for Gulf carrier Etihad at London Heathrow Airport on Sunday. Photo: AFP

Companies

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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China Business

Surging oil prices drive Hong Kong stocks to 3-month low on inflation jitters

Brent crude gains 1.3 per cent to US$82.46, while Nymex futures rise 1.1 per cent to US$75.36.

China Business

Healthcare investors looking to ‘two sessions’ for clarity on drug pricing

Healthcare and insurance sectors will see policy fine-tuning, ‘moral support’ rather than ‘groundbreaking news’ from Beijing, analysts say.

Staff members dispense medicines at a pharmacy in Wuhan, in central China’s Hubei province, on February 27, 2020. Photo: Xinhua

Business

Can China’s ‘two sessions’ find a strategy to fix the property rot?

China signals shift from debt-driven housing growth, but sweeping stimulus seen as unlikely.

Calls to ‘accelerate the development of a new model for real estate’ have featured prominently in government work reports. Pnoto: AFP
Calls to ‘accelerate the development of a new model for real estate’ have featured prominently in government work reports. Pnoto: AFP

Markets

US investors now own 23% of Taiwan’s equity market amid AI boom

US investors currently hold about 23 per cent of the Taiwan Stock Exchange’s total market capitalisation.

Business

Will users stick around after China’s US$1 billion AI marketing battle?

Vouchers, red packets and sponsorships drove a surge in AI users over Chinese New Year, but now the tech giants face a retention test.

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Banking & Finance

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Banking & Finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Big Tech

Why China’s tech giants cannot afford to lose the global AI race

AI rivalry is challenging the traditional strategies of China’s ‘big tech’ firms and how they have monetised their products in the past.

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Companies

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

As Labubu’s meteoric rise cools, Molly’s longevity highlights the challenge Pop Mart faces in turning hype into stable intellectual property.

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Illustration: Brian Wang
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OPINION
Wang Xiangwei

Opinion | Now is the time for China to show it’s serious about opening up

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Opinion | How the next China shock is shaping hearts and minds

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Opinion | Why China keeps fossil fuels central even as it ramps up green energy

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Nicholas Spiro

Macroscope | Blame Trump, not Asian investors, for gold and silver volatility

Nicholas Spiro
Matteo Giovannini

Opinion | Talk of digital yuan challenging dollar dominance misses real power shift

Matteo Giovannini
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MULTIMEDIA
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Pony.ai set to further open China’s autonomous-driving frontier

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What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng
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Taiwan firm creates clothing from banana waste

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Gold scams in China and changing global politics

Wire
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