The hype around AI and chatbots like Bard and ChatGPT is leading to an explosion of AI-generated content, from pictures to written content. However, not everyone is using this technology for good.
China Market Update: No Policy Lift In Hong Kong With Mainland Closed, Week In Review
Asian equities were mixed but mostly higher overnight though Hong Kong closed lower in a half-day session and Mainland China was closed for the Lunar (Chinese) New Year holiday.
KK Group Hopes The Fourth Time Is Lucky With New Hong Kong IPO Bid
KK has filed for a long-planned Hong Kong IPO, as it recently turned profitable and opens new stores at a brisk rate The fast-growing lifestyle retailer’s GMV rose 43% in the first 10 months of 2023, ...
Hong Kong Startup Raises $6.85 Million Series A For Blockchain-Powered Insurance Claims
With over 1 million policyholders and 16 insurance companies assisted, MediConCen says it plans to expand into the Middle East and Southeast Asia.
HKMA head rejects calls to prop up sinking Hong Kong stock market
The chief executive of the Hong Kong Monetary Authority has dismissed calls from lawmakers for Hong Kong’s de facto sovereign wealth fund to boost investment in the tumbling domestic stock market.
New highs for Nikkei, Hong Kong limps to holiday break
Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas ...
Hong Kong authorities propose regulatory shake-up for over-the-counter virtual asset stores, with unlicensed outlets to risk 2-year jail term
Financial Services and the Treasury Bureau launches public consultation for proposed regulations covering over-the-counter traders, in bid to clamp down on crypto scams 'Nowadays we don't have any ...
Firm Loses HK$200 Million After Deepfake Video Meeting
Employees at a multinational company were duped into transferring HK$200 million (US$25.6 million) to local bank accounts after a deepfake video conference call.
Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards
HKMA issues consultation paper on adopting reserve requirements for cryptoassets proposed by the Basel Committee in 2022 Rules require no changes for tokenised traditional assets at authorised ...
Alibaba shares sink after it shelves IPO plans for two units
Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units.
China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher
The Chinese venture capital world that once hoped for giant U.S. IPOs similar to Alibaba's is changing drastically. Geopolitics, slower growth and regulation are forcing VCs in China to look for ...
Alibaba Chairman Says ‘Not In A Hurry’ For Cainiao, Freshippo IPOs Due To ‘Challenging Market Conditions
Alibaba Group has decided to put the IPOs of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions.
Year of the Dragon: Hong Kong banks use e-lai see to promote digital payment services, sign up new customers
Hong Kong banks are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with money.
In Dystopian News, Scammers Just Used AI-Generated Deepfakes To Dupe A Company Out Of Over $25 Million
An AI-generated representation of the company's chief financial officer was convincing enough to do real damage, Hong Kong police said. View Entire Post › ...