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Posted on 29/01/2025

Year of the Snake: Hong Kong firms use lai see envelopes as marketing tool in digital era

HSBC and ICBC (Asia) promote milestones using lai see envelopes, while the newly rebranded Hong Kong Gold Exchange sends out 60,000 red packets.

Posted on 29/01/2025

How well do DeepSeek, US rivals know Hong Kong? We put chatbots to the test

Chinese AI start-up DeepSeek recently sent shock waves through US markets but how does its chatbot compare with American rivals?

Posted on 29/01/2025

Hong Kong’s snake soup tradition faces decline and struggles to preserve its legacy in the modern world; here’s why

Chau Ka-ling, the owner of Shia Wong Hip in Hong Kong, continues to serve traditional snake soup. The restaurant faces challenges due to health concerns and declining demand. Chau’s family business ...

Posted on 29/01/2025

Air Busan Airbus plane preparing to depart for Hong Kong catches fire at South Korean airport

An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country’s south while preparing for departure to Hong Kong, fire authorities ...

Posted on 29/01/2025

Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods

Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on growth following its initial public offering (IPO), CEO Shane Smith said ...

Posted on 29/01/2025

Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct

It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said. Hang Seng Bank (HSB) is fined HK$66.4m for reportedly overcharging clients, making inadequate disclosure of monetary ...

Posted on 29/01/2025

Hong Kong banks to focus on resilience, costs in 2025: KPMG

Interest rate reductions are likely to be slower. Resilience, costs, and digital transformation are the top priorities of Hong Kong’s banking sector in 2025, as losses by banks and customers continue ...

Posted on 29/01/2025

HK fee slump reflects intensifying bank competition

That is because the electric-car battery giant, commonly known as CATL, recently offered a mere 0.2 percent base underwriting fee to bankers, plus possible incentives, according to people familiar ...

Posted on 29/01/2025

Balls, soup, stir-fry, wine: See how Hong Kong celebrates snake

The Year of the Snake is a perfect time to try snake soup at one of Hong Kong’s family-run restaurants. Artisan Setaro is the only producer left in Italy's first capital of pasta ...

Posted on 29/01/2025

DeepSeek’s Rise: How a Chinese Start-Up Went From Stock Trader to A.I. Star

The little-known artificial intelligence firm has emphasized research, even as it emerged as the brainchild of a hedge fund.

Posted on 29/01/2025

Hong Kong stocks rise after AI sell-off fueled by China’s DeepSeek drags Wall Street lower

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 29/01/2025

Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says

Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff ...

Posted on 29/01/2025

Pork giant Smithfield Foods has disappointing IPO

Smithfield Foods, the largest U.S. pork producer, raised $522 million in an IPO that was around 21% smaller than originally planned. Why it matters: There have been two big IPOs so far in 2025, and ...

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 ...

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