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Chinese generative artificial intelligence start-up MiniMax Group has kicked off its Hong Kong initial public offering (IPO), seeking to raise up to HK$4.19 billion (US$538 million) to support its growth as competition intensifies in China's fast-moving AI sector. The Shanghai-based company would offer 25.39 million shares globally, with about 5 per cent allocated to Hong Kong retail investors and the rest to international investors, according to a stock exchange filing on Wednesday. Shares were......

European aviation giant Airbus won another two major orders from Chinese clients for a total of 90 A320neo aircraft on Tuesday, just a day after receiving orders for 55 passenger jets of the same model from two other Chinese airlines. The orders came weeks after Airbus' CEO accompanied French President Emmanuel Macron on a state visit to China and mark a big win for the European manufacturer over its American competitor Boeing in one of the world's biggest aviation markets. Air China, Beijing's......

Hong Kong and mainland Chinese stocks are set to close out 2025 with annual gains for the second year in a row, as a tariff truce between Beijing and Washington mitigated geopolitical risks and China's growth held up. The Hang Seng Index has risen 28 per cent this year, putting the 89-member benchmark on track for its best yearly performance since 2017, when it gained 36 per cent. The CSI 300 Index of the mainland's yuan-denominated stocks has climbed 18 per cent, heading for the biggest gain......

Hong Kong's hospitality sector is thriving in the wake of strategic measures to revitalise the tourism industry. Visitor numbers have risen by 17 per cent year on year, reaching 45 million between January and November, according to the Hong Kong Tourism Board. The increase is driven, in large part, by government efforts to promote the city as a premier destination for mega-events, including sporting fixtures featuring big-ticket international teams such as Liverpool and AC Milan, as well as......

ByteDance plans to spend about 100 billion yuan (US$14 billion) on artificial intelligence chips from Nvidia in 2026, a hefty increase from roughly 85 billion yuan in 2025, if the US company is allowed to sell its H200 graphic processing units in China, according to people familiar with the matter. The budget, which could change, is part of the Beijing-based unicorn's ambitious capital spending plan in AI for 2026. The company, with a private market capitalisation of US$500 billion, has built up......

Vobile Group, a US-based technology firm that helps Hollywood studios protect and monetise online video, has bought the top floor of Hong Kong's Bank of America Tower, snapping up a rare Central office at a steep discount as cash-rich companies begin testing the city's bruised commercial property market. The Emmy Award-winning company, which works with Disney, Warner Bros., Paramount and Lionsgate and listed in Hong Kong in 2018, bought the 37th floor of the grade A office building in Admiralty......

Thanks to tighter budgets and a growing taste for retro tech, Chinese millennials and Gen Z consumers – who once chased the latest iPhone or Android handset – are increasingly turning to second-hand markets for upgrades or bargains. “Consumers on tighter budgets no longer consider buying used items a shameful thing,” said Rex Chen, president and chief financial officer at ATRenew, China's largest second-hand electronics recycler and trading platform operator. With most the platform's users born......

China-founded start-up Tripo AI on Tuesday launched a major update to its flagship platform, renamed Tripo Studio 1.0, that speeds up artificial intelligence-driven 3D content creation by up to 200 per cent compared with its previous version, as the company's international user community continues to expand. A pioneer in large-scale, general-purpose 3D models, Tripo AI's user base has more than doubled to 6.5 million from 3 million in August, company founder and CEO Simon Song Yachen told the......

Mainland China will cut or waive value-added tax (VAT) on the resale of homes by individuals from Friday, in its latest move to shore up a property market that has been stuck in a prolonged slump. Under the new rules, individuals who sell a residential property within two years of buying it will pay VAT at 3 per cent, down from 5 per cent, according to a joint statement released on Tuesday by the Ministry of Finance and the State Taxation Administration. The policy does not apply to corporate......

Hang Seng Bank will be removed from the Hang Seng Index after the close on January 14 if shareholders approve HSBC's privatisation plan next week, ending the lender's blue-chip run that dates back to 1972. Hang Seng Indexes, the index compiler and a unit of Hang Seng Bank, on Tuesday set out the timetable for changes across the benchmark index and other key gauges triggered by the proposed buyout. “It is a shame to see Hang Seng Bank removed from the benchmark index named after the bank. It has......

In an effort to offer an alternative amid the global rise of stablecoins – cryptocurrencies pegged to a reference asset, such as a fiat currency – China's central bank is poised to upgrade its digital yuan from a cash equivalent to “digital deposit money”. The move, which will allow the digital currency to function like a deposit in a bank account, is expected to broaden global usage of the e-CNY by making it more attractive to banks and individuals, but it also reflects Beijing's cautious......

Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well as increased the budget for pay rises by 150 per cent, according to Chinese media outlet The Paper. The company also lifted pay floors and ceilings across all job levels. The......

Sun Hung Kai Properties (SHKP), Hong Kong's largest developer, has priced the next batch of units on offer at its massive Sierra Sea residential project about 5 per cent higher than previous phases, signalling a welcome improvement in the city's housing market. The 148 units in Phase 2A of the development in Sai Sha Wan, Sai Kung, were priced from HK$3.43 million (US$440,961), with an average discounted price of HK$10,968 per square foot, according to sales documents released on Tuesday. The......

[The content of this article has been produced by our advertising partner.] As Chinese regulators tighten oversight of financial markets and encourage institutions to make sense of live data, demand has grown for systems designed to produce actionable information at the point of decision rather than in overnight batches. One beneficiary of that regulatory shift has been Xunce Technology, a Shenzhen-based provider of real-time data infrastructure that has expanded from asset management into......

A China-founded start-up that specialises in artificial intelligence agents was acquired by US tech giant Meta Platforms for billions of dollars, marking a landmark deal amid US-China competition in AI technology. The acquisition of Singapore-based Manus just nine months after its public launch in March underlines China's AI competitiveness despite Washington's efforts to deprive its rival of access to advanced US chips and funding. According to announcements from both sides, Manus would......

Meng Wanzhou, chief financial officer of Huawei Technologies and daughter of its founder, hailed the company's breakthroughs in 2025 in a New Year message that vowed to take advantage of “strategic opportunities” amid a “surge of intelligence in all aspects of life and work”. The US-sanctioned telecommunications gear maker, which plays a central role in China's push for tech self-sufficiency, “built a solid foundation for computing” in 2025 with the expansion of its Kunpeng and Ascend chip......

Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first large language model (LLM) developer listed in Hong Kong amid a surge of technology initial public offerings (IPOs). The start-up, officially known as Knowledge Atlas Technology and marketed overseas as Z.ai, set its offer price at HK$116.20 for more than 37 million shares, with 10 per cent allocated to retail investors. The company plans......

Hong Kong stocks wavered on Tuesday, with the benchmark hovering near a two-week low as trading waned towards the end of year. The Hang Seng Index rose 0.2 per cent to 25,698.37 as of 10.10am local time. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 0.1 per cent and the Shanghai Composite Index added 0.1 per cent. Search engine operator Baidu surged 6 per cent to HK$126.30, and chipmaker Semiconductor Manufacturing International Corp rallied 2.4 per cent......

Biotech firm Insilico Medicine, backed by the Hong Kong Investment Corporation (HKIC), is building a “digital Einstein” to revolutionise how scientists discover new medicines, and plans to continue expanding its research base in China to stay ahead of global rivals after its Hong Kong listing on Tuesday. “Biotechnology is a high-risk field like a 'molecular casino',” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose 90 per cent of the time.” The 11-year-old company......

[The content of this article has been produced by our advertising partner.] Richard Mille expanded its universe to embrace women two decades ago, reimagining haute horlogerie with creations as technically rigorous as they are artistically daring. In a world where mechanical watches were once seen as masculine territory, the brand redefined the rules, crafting timepieces that embody individuality, elegance and boldness. Female empowerment at the forefrontAt the helm of tis feminine universe are......