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Category: BUSINESS

Posted on 15/02/2025

AI giants Baidu, OpenAI offer their chatbots for free in response to DeepSeek’s advance

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Posted on 15/02/2025

Gaorong Ventures invests $30M in the operator of Hong Kong’s biggest licensed crypto exchange

China’s crypto market is gaining traction. For the first time, Gaorong Ventures, a major Chinese investment firm, has put $30 million into HashKey Group, a company that runs Hong Kong’s largest approved crypto exchange.

Posted on 14/02/2025

DeepSeek’s disruption forces AI giants like Baidu, OpenAI to offer their chatbots for free

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Posted on 14/02/2025

Chinese stocks in Hong Kong near October high fueled by DeepSeek optimism

The Hang Seng China Enterprises Index rose as much as 2.7%, moving closer to surpassing its October high. Tech heavyweights Xiaomi Corp, Tencent Holdings ...

Posted on 14/02/2025

China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions

Move is the latest in a series by China’s central bank that support Hong Kong’s status as a global hub for offshore yuan business.

Posted on 14/02/2025

Hong Kong stocks head for fifth winning week on gradual tariffs, DeepSeek trade

A measured US approach to reciprocal tariffs assuages investors as DeepSeek mania continues to power tech stocks.

Posted on 13/02/2025

Online Travel Unicorn Klook Raises $100 Million To Fund AI Tools

The fresh capital brings online travel agency Klook's total funding to over $1 billion, as it doubles down an AI partnership with Google Cloud.

Posted on 13/02/2025

LEAP East to debut in Hong Kong in July 2026

LEAP East is poised to become a landmark event in the tech world, positioning Hong Kong as a central player in shaping the future of global innovation ...

Posted on 12/02/2025

Hong Kong fund invests to usher medical innovations into mainland China hospitals

The Hong Kong government’s HK$62 billion (US$8 billion) investment fund is teaming up with a medical group co-founded by the city’s former finance minister to bring innovations developed by start-ups ...

Posted on 12/02/2025

Hong Kong’s latest bubble tea IPO mints another billionaire – Guming’s millennial founder

Guming says it targets smaller cities where bubble tea is not as readily available and growth outpaces that of megacities. Read more at straitstimes.com.

Posted on 12/02/2025

World’s biggest EV battery maker seeks blockbuster listing in Hong Kong

China’s Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles and a supplier for Tesla, has applied for a listing in Hong Kong, setting sights on one ...

Posted on 12/02/2025

Hong Kong stocks hit 4-month high as DeepSeek-driven revaluation takes hold

Hong Kong stocks rose on Wednesday, lifting the benchmark index to its highest level in four months, as the hype over DeepSeek continued to drive sentiment. The Hang Seng Index jumped 2 per cent to 21 ...

Posted on 12/02/2025

Chinese Battery Giant CATL Applies for Hong Kong Listing

The world’s largest maker of EV batteries has applied for a secondary listing in Hong Kong, joining the ranks of Chinese companies looking to tap the city’s fundraising markets.

Posted on 12/02/2025

China’s CATL files for at least $5 billion Hong Kong listing

By Scott Murdoch SYDNEY (Reuters) -Chinese battery giant CATL has started the process to list in Hong Kong by lodging its filings with regulators in a deal that is expected to raise at least $5 ...

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