Hex Trust’s positive outlook shows a renewed confidence in the local cryptocurrency market amid a surge in bitcoin prices and Hong Kong’s recent regulatory efforts. Photo: Shutterstock

Hong Kong cryptocurrency custodian Hex Trust eyes profit, fresh funding in 2024

After cutting costs by about 20 per cent throughout 2023, Hex Trust sees the cryptocurrency market’s revival ‘directly translating into profitability’ for the company.

18 Mar 2024 - 6:00PM

China’s cryptocurrency investors made gains of US$1 billion in 2023

Mainland cryptocurrency investors made US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to a Chainalysis survey.

Mainland cryptocurrency investors made US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to a Chainalysis survey.

17 Mar 2024 - 9:16PM

Hong Kong securities watchdog places major crypto exchange Bybit on alert list

The Securities and Futures Commission has warned investors about trading on Bybit, which is under scrutiny for offering suspicious virtual-asset products in Hong Kong.

The Securities and Futures Commission has warned investors about trading on Bybit, which is under scrutiny for offering suspicious virtual-asset products in Hong Kong.

16 Mar 2024 - 7:11AM

Fine in Italy, security review in Canada add to TikTok’s woes

Italian regulators have fined TikTok nearly US$11 million for failing to protect children, while the Canadian government is reviewing TikTok’s expansion plan for national security risks.

Italian regulators have fined TikTok nearly US$11 million for failing to protect children, while the Canadian government is reviewing TikTok’s expansion plan for national security risks.

15 Mar 2024 - 3:33PM

Hong Kong snags another blockchain conference amid crypto hub push

Chainlink will host its annual SmartCon in Hong Kong this October, an announcement that comes after CoinDesk said it is bringing Consensus to the city next year.

Chainlink will host its annual SmartCon in Hong Kong this October, an announcement that comes after CoinDesk said it is bringing Consensus to the city next year.

15 Mar 2024 - 7:00AM

Opinion

17 Mar 2024 - 1:30PM

The concept of ‘new productive forces’ shows that China’s top leadership has realised that the traditional model of relying on debt-fuelled investment to drive growth has reached its limit.

5 Mar 2024 - 7:00AM

Foreigners having trouble making mobile payments in China is just a trivial issue when it comes to the cost of its walled internet.

27 Feb 2024 - 7:00AM

MORE STORIES

AliExpress has more than 100 million active users each month within the EU. Photo: Reuters

EU investigates AliExpress over possible ‘dissemination of illegal content’

The European Commission also is looking into whether the company did enough to prevent minors from accessing pornographic material via its online marketplace.

15 Mar 2024 - 1:16AM

Stablecoin sandbox launches in Hong Kong, but participants not guaranteed licence

The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto.

The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto.

13 Mar 2024 - 8:00AM

TikTok gets thumbs up in China for ‘tough stance’ against US lawmakers

Many Chinese netizens on Weibo and former Global Times editor Hu Xijin praised TikTok for urging American users to flood legislators with calls against a new bill.

Many Chinese netizens on Weibo and former Global Times editor Hu Xijin praised TikTok for urging American users to flood legislators with calls against a new bill.

11 Mar 2024 - 8:30PM

China’s lawmakers walk fine line between AI development and tighter regulation

AI was a hot topic among the business and political elite at China’s annual legislative gathering, as the country seeks to leverage generative AI to drive economic growth while maintaining regulatory control.

AI was a hot topic among the business and political elite at China’s annual legislative gathering, as the country seeks to leverage generative AI to drive economic growth while maintaining regulatory control.

11 Mar 2024 - 9:16AM

Hong Kong start-ups see potential in Saudi Arabia, but no immediate gains

Start-ups and investors say attending Leap tech conference is about building relationships for a market seen as ‘like China in the late 90s’.

Start-ups and investors say attending Leap tech conference is about building relationships for a market seen as ‘like China in the late 90s’.

10 Mar 2024 - 10:45PM

Alipay, WeChat Pay ease the way for foreign travellers to make payments in China

Ant Group’s Alipay and Tencent’s WeChat Pay are enhancing operations to make it easier for foreign travellers to pay for goods and services on the mainland, the world’s largest cashless society.

Ant Group’s Alipay and Tencent’s WeChat Pay are enhancing operations to make it easier for foreign travellers to pay for goods and services on the mainland, the world’s largest cashless society.

9 Mar 2024 - 12:58AM

exclusive | CBDC pilot boosts Hong Kong’s blockchain, international hub credentials: Yue

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Yue, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, tells the Post.

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Yue, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, tells the Post.

8 Mar 2024 - 3:56PM

Chinese venture capitalist stays clear of mainland’s AI model investment frenzy

GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

7 Mar 2024 - 9:30PM

Hong Kong to host major crypto event in 2025 as city woos virtual asset firms

The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong as the city’s government woos global virtual asset businesses in an effort to become a hub.

The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong as the city’s government woos global virtual asset businesses in an effort to become a hub.

7 Mar 2024 - 4:12PM

Nvidia’s move to curb CUDA on third-party hardware exposes China’s weak link

Nvidia’s warning to developers about running its CUDA software, a programming toolkit, on third-party graphic processing units has exposed another weak link in China’s quest for chip self-sufficiency.

Nvidia’s warning to developers about running its CUDA software, a programming toolkit, on third-party graphic processing units has exposed another weak link in China’s quest for chip self-sufficiency.

6 Mar 2024 - 9:13PM

Computer chip group SEMI to EU: new export controls should be ‘last resort’

The European Union should think twice before imposing additional export controls or rules on foreign investment, semiconductor industry group SEMI Europe said in a position paper published this week.

The European Union should think twice before imposing additional export controls or rules on foreign investment, semiconductor industry group SEMI Europe said in a position paper published this week.

6 Mar 2024 - 3:23PM

China should renew confidence in internet sector: ‘two sessions’ delegate

Proposals like the one submitted by Zhihu CEO Zhou Yuan signal that policymakers are actively discussing how to boost the platform economy, analysts say.

Proposals like the one submitted by Zhihu CEO Zhou Yuan signal that policymakers are actively discussing how to boost the platform economy, analysts say.

5 Mar 2024 - 6:32PM

Hong Kong start-up hubs expand city’s collaboration with Saudi Arabia

HKSTP and Cyberport signed memorandums of understanding to share knowledge and explore collaboration opportunities in Saudi Arabia at the Leap conference.

HKSTP and Cyberport signed memorandums of understanding to share knowledge and explore collaboration opportunities in Saudi Arabia at the Leap conference.

5 Mar 2024 - 8:02PM

Avoid harmful ‘blind investments’ in China’s digital economy, delegate says

A Chinese government economic adviser says local governments have shown a lack of ‘awareness’ in their economic planning, and has urged them to make use of existing industrial foundations and local resources when investing in China’s digital economy.

A Chinese government economic adviser says local governments have shown a lack of ‘awareness’ in their economic planning, and has urged them to make use of existing industrial foundations and local resources when investing in China’s digital economy.

4 Mar 2024 - 10:30PM

Chinese researchers aim to ‘reproduce’ OpenAI’s text-to-video model Sora

Professors from China’s Peking University and Shenzhen-based AI company Rabbitpre have jointly launched an Open-Sora plan, with a page on GitHub.

Professors from China’s Peking University and Shenzhen-based AI company Rabbitpre have jointly launched an Open-Sora plan, with a page on GitHub.

4 Mar 2024 - 9:00PM