The company plans to use the proceeds to help lower the manufacturing costs of lidar systems Read more at The Business Times.
GCL, Yunfeng ride Hong Kong stock market recovery for US$848.5 million in funding
GCL and Yunfeng leverage Hong Kong’s booming stock market to secure funding for expansion, tech upgrades, and virtual asset ventures.
China’s Hesai rises in Hong Kong share debut as lidar-sensor maker raises US$531 million
The dominant maker of the key sensors in self-driving cars announced a US$40 million deal with a US robotaxi firm on Monday.
CATL’s Hong Kong-Shenzhen share premium grows after JPMorgan upgrade
The US bank also predicted stronger demand for CATL’s energy storage systems. CATL’s Hong Kong shares ended the trading day 7.4 per cent higher at HK$465, the highest since it ...
Chinese biotech ETFs in Hong Kong attract investors amid US$60 billion of licensing deals
Funds from the US are flowing into biotech ETFs as investors seek unique opportunities to beat the market, China AMC’s Heidi Cai says.
Zijin’s gold mine unit tops the world in output growth ahead of US$3 billion Hong Kong IPO
Average annual gold output grew 21.4 per cent between 2022 and 2024, making it the world’s 11th biggest producer last year, said the unit of Zijin Mining Group.
Standard Chartered predicts Fed rate cut this week to boost Hong Kong markets
A lower interest rate will undoubtedly benefit the investment markets and the overall economy in Hong Kong, a senior executive says.
Hong Kong developers test homebuyer sentiment as residential market outlook improves
Henderson Land and Swire Properties have varying success with the sales of their residential projects in To Kwa Wan and Chai Wan.
Hong Kong to boost impact investment sector with start-up and innovation focus
Financial Secretary Paul Chan pledges to develop a sustainable finance ecosystem with cutting-edge technology and diverse financial products.
How low-key Hong Kong entrepreneur, daughter aim to score with Ronaldo museum
Listed company Star Shine’s HK$70 million investment in the CR7 Life Museum marks its first foray into IP projects.
Hong Kong international schools’ debentures and capital levies: how do they work?
Court case prompts fresh scrutiny of how Hong Kong’s international schools raise funds with debentures and capital levies.
Revised arbitration law ‘very good news’ for Hong Kong
Hong Kong's sole delegate to the nation's top legislative body says law allows city groups to conduct business in mainland free trade zones Hong Kong will be able to contribute more to dispute ...
McKinsey to pay $650 million after advising opioid maker on how to ‘turbocharge’ sales
Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal and civil investigations into the advice it provided to opioids manufacturer Purdue Pharma. As part of ...
Appier Drives GenAI-Powered Creatives Transformation with AdCreative.ai, Empowering Hong Kong Brands to Accelerate into the Agentic AI Marketing Era
Appier CEO and co-founder Chih-Han Yu at the GenAI for Marketing Asia Pacific roadshow in Hong Kong.