The disgraced CEO is now in custody at a minimum security facility, leaving behind her two young children; she had fought to remain free while she appeals against her conviction.

Hong Kong businesses reap the benefits of city leader John Lee’s visit to Saudi Arabia and UAE in February.

Zhihu will immediately start its internal test of the function called Sousuo Juhe, which uses a large language model that is similar to the artificial intelligence technology behind ChatGPT.

Zhang Yiming’s Cool River Venture, incorporated on Monday, will invest mostly in technology-related industries, according to sources.

Shein is exploring plans for a factory in Mexico, sources told Reuters, as it looks for ‘nearshoring options’ in the Americas amid heightened political tensions.

OpenAI CEO Sam Altman warned US lawmakers that artificial intelligence could cause ‘significant harm to the world’ if something goes wrong with the technology.

Investors are keen to tap into opportunities offered by artificial intelligence start-ups in Hong Kong and the Greater Bay Area, as the technology is increasingly adopted by various industries, observers say.

The Beijing municipal government is soliciting subsidised projects researching artificial intelligence, 3D content, and AR and VR applications.

Artifact Labs is planning several new partnerships with global museums after a seed funding round led by Blue Pool Capital and Animoca Ventures, despite cooling interest in NFTs.

ByteDance-owned Douyin said creators on the platform must be held responsible for the consequences of posting content made via generative AI.

ByteDance’s decision to sell its real estate business underscores the tech unicorn’s continued reorganisation efforts.

Olivia Cotes-James founded Luüna Naturals, one of Hong Kong’s first, and biggest, femtech companies, which has worked with offices and schools to dispense free menstrual products to over 300,000 users.

A group of local entrepreneurs is pushing through institutional barriers, but Hong Kong lags behind Singapore in nurturing an area that will be worth US$68.9 billion in 2027, analysts say.

Fintech unicorn Airwallex reported a strong growth in cross-border payments in the first quarter amid a revival in travel. Revenue grew 207 per cent on the back of a 142 per cent increase in new customers.

First Republic Bank has become the second large US regional bank with assets over US$200 billion to fail in just a few weeks. What bank or banks are next?

Hong Kong Science and Tech Park crowns AI-focused prop-tech start-up Skyland Innovation as the EPiC 2023 pitch competition winner, beating over 610 competitors.

Try It On charges US$17 for 100 AI-generated images based on users’ photos, which are described as good enough to skip a photo shoot.

The latest move to help Hong Kong businesses integrate and increase their footprint in the massive economic zone saw the opening of a new service centre in Guangzhou that was first flagged by Chief Executive John Lee in his policy address.

Internet giant Tencent is assisting Heilongjiang’s economic development through a series of collaborations that include the digital economy, transport, energy and agriculture.

Lenders in Japan are planning to increase the staff they allocate to start-up businesses as the government aims to stimulate entrepreneurship.

Chinese companies are scrambling for top talent in generative artificial intelligence, in a country that is significantly lacking in such workers.

TikTok parent ByteDance remains the world’s most valuable unicorn, topping Elon Musk’s SpaceX in the second spot, but China appears to have lost the edge it held before the pandemic.

‘Digital infrastructure, such as cloud AI computing, is the scientific research foundation for building Hong Kong into a technological innovation hub,’ Huawei’s William Xu said.

An article published by the state-run Economic Daily cautions investors against chasing the ChatGPT hype with no regard to a potential bubble.

A lack of visionary leaders and funding contributed to China falling behind in large language models, according to a Chinese Academy of Sciences researcher.

Hong Kong-based start-up alfred24 has been chosen as the first investee of a collaboration between MTR Lab and tech hub Cyberport to nurture digital and sustainable solutions in the city.

Hong Kong University of Science and Technology and Hong Kong Design Institute have bought land and are planning virtual experiences in The Sandbox.

That double-digit growth, revealed in a recent memo to investors, also topped most global internet leaders, including Meta Platforms and Amazon.com.

Turmoil in Western financial markets has spurred a flight to safety among global investors, hurting the region’s start-ups – even if most Asian lenders are unlikely to fall to a Silicon Valley Bank-style collapse.