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Category: BUSINESS

Posted on 28/01/2025

DeepSeek’s new AI chatbot and ChatGPT answer sensitive questions about China differently

HONG KONG (AP) — Chinese tech startup DeepSeek ’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users ...

Posted on 28/01/2025

China celebrates DeepSeek’s breakout AI success as tech race heats up

People across China have taken to social media to hail the success of its homegrown tech startup DeepSeek and its founder, after the company unveiled its newest artificial intelligence model, sending ...

Posted on 28/01/2025

Crew abandon Hong Kong-flagged container ship in Red Sea as fire engulfs

An explosion struck a Hong Kong-flagged container ship on Tuesday travelling north through the Red Sea, sparking a major fire that forced its crew to abandon the vessel, shipping industry officials ...

Posted on 28/01/2025

DeepSeek and ChatGPT Answer Sensitive Questions About China Differently

DeepSeek's chatbot's answer echoed China's official statements, saying the relationship between the world's two largest economies is one of the most important bilateral relationships globally. It said ...

Posted on 28/01/2025

Hong Kong’s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines

Mortgages shrank by 21.1 per cent last month to 6,306 applications from November, according to a statement by the Hong Kong Monetary Authority (HKMA).

Posted on 28/01/2025

London still dominates as the biggest hedge funds’ international outpost despite hot spots like Dubai entering the scene

Regulatory filings for the biggest managers like Citadel and Point72 show that London and Hong Kong are where investing talent is concentrated.

Posted on 28/01/2025

Hong Kong shares rise after China’s DeepSeek triggers rout in global AI stocks

Japan’s chipmaker stocks plunged into losses, while artificial intelligence and related stocks on Wall Street were hammered overnight amid concerns over the waning dominance of US tech giants in the ...

Posted on 28/01/2025

Hong Kong stocks gain on valuation focus as DeepSeek sparks US tech rout

Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

Posted on 28/01/2025

Hong Kong fashion trade show urged to ‘celebrate Year of the Snake’ by banning snakeskin

An animal rights organisation has called for snakeskin to be banned from a Hong Kong fashion trade show ahead of the Year of the Snake. In a statement last Friday, People for the Ethical Treatment of ...

Posted on 28/01/2025

Japan and Hong Kong markets set for mixed open after AI sell-off drags Wall Street

Japan and Hong Kong stocks were set to open mixed Tuesday, with several Asia-Pacific markets closed for the Lunar New Year holiday. Japan's Nikkei 225 futures pointed to a lower open for the market.

Posted on 28/01/2025

Marshall Sells to Hong Kong’s HSG in $920 Million+ Deal, Plans to Unlock Its ‘Full Potential Across the World’

HongShan Capital Group (HSG), which has acquired a majority interest in the “audio, tech and design powerhouse” at a $1.16 billion (€1.1 billion) valuation. Stockholm-based Marshall and Hong ...

Posted on 27/01/2025

Chinese AI startup DeepSeek disrupts US dominance, triggers selloff in US and Japan stocks

US tech giants and Japan chipmaker stocks feel the heat as China's startup DeepSeek demonstrates that it doesn't need massive capital investments to develop cutting edge AI. China's tech shares ...

Posted on 27/01/2025

AP PHOTOS: Hong Kong’s snake soup is slithering away but still simmers in a decades-old kitchen

As Hong Kong prepares to welcome the Year of the Snake on Wednesday, Chau Ka-ling displays a moving serpent with practiced ease, holding it like a pet in her decades-old restaurant in the city. As ...

Posted on 27/01/2025

Hong Kong’s property distress catching up with city’s banks

Prices of office buildings, shopping malls and other properties have fallen more than 40 per cent from their highs in 2018. Read more at straitstimes.com.

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