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Shares of Chinese drug firm Akeso – likened by some Western media outlets to artificial intelligence start-up DeepSeek – rose after the company unveiled clinical-trial data showing that its lung-cancer drug outperformed a highly effective existing treatment. The data showed that ivonescimab had “a decisive and strong positive outcome with both significant and clinically meaningful benefits”, Akeso said in a filing with the Hong Kong stock exchange on Monday. The drug, used along with......

Apple's latest generation of iPhones is off to a faster start than usual, with its most basic model surging in popularity in the US and China. The iPhone 17 series outsold the iPhone 16 range by 14 per cent over their respective first 10 days on sale in the US and China, according to Counterpoint Research. The data, giving the first quantified indication of consumer response in Apple's top two markets, shows the standard iPhone 17 is in much higher demand than the corresponding US$799 model last......

The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China's largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world's top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in......

Investors should pay attention to Chinese listed companies seeking to grow their overseas revenue, as their global expansion will be supported by a weak yuan, cost advantages and China's dominant role in global supply chains, according to Goldman Sachs. Goldman recommended 25 companies – including Alibaba Group Holding, Contemporary Amperex Technology (CATL) and BYD – to ride on this theme, analysts led by Si Fu and Kinger Lau said in the report released over the weekend. These firms, which......

You might not realise it, but there is one ingredient that appears in almost everything you use every day, from instant noodles to ice cream, lipstick and laundry detergent. Its name? Palm oil. More specifically, Malaysian palm oil. The country is one of the world's top producers of this widely consumed vegetable oil, supplying various industries across the globe. “It is the most versatile and safest vegetable oil, and therefore one of the most widely consumed oils on the market,” says Professor......

Hong Kong stocks rallied on Monday, rebounding from Friday's steepest loss since April as US-China trade tensions showed signs of easing. The Hang Seng Index rose 2.1 per cent to 25,759.2 as of 10am. The Hang Seng Tech Index surged 3 per cent. On the mainland, the CSI 300 Index rose 0.7 per cent and the Shanghai Composite Index rose 0.6 per cent. NetEase jumped 5.2 per cent to HK$235.40, insurance giant AIA Group added 4.8 per cent to HK$72.35 and tech giant Alibaba Group Holding gained 4.2 per......

Hong Kong's residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties. Investors accounted for 20 per cent of the market's total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with residential projects near universities might have a higher proportion. The average gross rental yield for mass residential......

The launch of the iPhone Air as the first eSIM-supported smartphone sold in China marks a pivotal moment in the country's telecoms history, as state-owned mobile carriers vie for dominance in a changing landscape. Beijing approved “commercial trials” of the handset's eSIM function by the country's “Big Three” telecoms operators – China Unicom, China Mobile and China Telecom – last week, and the iPhone Air sold out within minutes of its release on Friday. Domestic brands quickly followed suit.......

Bourse operator Hong Kong Exchanges and Clearing (HKEX) expects its exchange-traded fund (ETF) market to continue growing after hitting record turnover and new listings this year, according to a senior executive. Average daily turnover in ETFs doubled to a record HK$37.8 billion (US$4.8 billion) in the first nine months, as the exchange's 225 ETFs drew an increasing number of investors from mainland China, Asia, the Middle East and Europe. ETFs are listed index funds that track the performance......

Driven by accelerating healthcare demand, Fosun Health plans to target markets in South Asia, Southeast Asia and the Middle East to capitalise on their economic growth and fragmented health systems, according to chairman and CEO Frank Hu Hang. The subsidiary of Hong Kong-listed Shanghai Fosun Pharmaceutical (Group) operates 19 hospitals, clinics and third-party diagnostics centres in mainland China. Four of these are in Foshan, Guangzhou, Shenzhen and Zhuhai – cities that are part of the Greater......

China's Minister of Transport Liu Wei has called on shipping companies and port operators worldwide to promote free trade in a “concerted effort” to combat “protectionism” after the US administration slapped port fees on Chinese vessels. “All the companies dealing with shipping businesses should work together to promote a fair, just and open environment and safeguard the common interests of global economic and trade development,” he said at the North Bund Summit, a shipping industry ­conference,......

Nexperia China, the local unit of the Dutch chipmaker, has told its employees to follow orders from local management and ignore instructions from the Dutch head office, according to a letter issued to employees over the weekend. In open revolt against the headquarters in Nijmegen, the Netherlands, Nexperia China said in a Chinese-language statement on its official social media channel on Saturday that it was an “independent” Chinese entity and that Nexperia employees in China “should continue to......

Embracing technology platforms for applications such as electronic proxy voting, private debt underwriting and trading of repurchase (repo) agreements can help Hong Kong elevate its standing as Asia's top financial hub, according to a leading US fintech firm. Technologies that simplified investor engagement had been a catalyst for growth in other markets, said Tim Gokey, CEO of New York-listed Broadridge Financial Solutions, adding that fintech could enhance corporate governance and product......

China's biggest airlines have started offering free Wi-fi to passengers on a growing number of domestic flights, as they vie to win back business travellers who now often prefer to shuttle between cities on high-speed trains. China Eastern Airlines on October 11 launched a free “basic” Wi-fi service on all its widebody aircraft operating on domestic routes, said a company representative who spoke anonymously per company rules. The planes cover a total of 37 routes serving major Chinese cities......

AMIES Technology, a new Chinese lithography equipment manufacturer that showcased its latest chipmaking products at an industry event in Shenzhen last week, is offering renewed optimism in the nation's drive to reduce its dependence on Dutch giant ASML. The company presented a wide range of products – including compound-semiconductor lithography machines, laser-annealing systems, advanced inspection tools and solutions for packaging and wafer bonding – at the WeSemiBay Semiconductor Ecosystem......

As Japan enters a new era with the likely election of Sanae Takaichi as the first female prime minister of Asia's second-largest economy, is it time for property investors to end their enduring love affair with Japanese real estate? The 64-year-old Takaichi emerged last week as the leader of Japan's ruling Liberal Democratic Party, paving the way for her to seek the premiership, although uncertainties remain following the collapse of a coalition with the party's allies. Under an anticipated......

Hong Kong homebuyers snapped up new flats at a Henderson Land project in Wan Chai in the latest sign of a real-estate market recovery. By early evening on Saturday, all 75 units on offer at the Woodis residential development on Wood Road were sold out, according to property agents. The buying spree aligns with market expectations, following Henderson's decision to price the units competitively with neighbouring flats in the secondary market. The average discounted price was set at HK$23,224......

Nexperia has withheld access to work accounts and halted salaries for its employees in China, according to local news reports citing a letter from the Chinese unit of the Dutch chipmaker, marking the latest escalation in a growing political dispute between the Netherlands and China. The Chinese unit of Nexperia informed customers on Friday that it had been notified by headquarters that salary payments would cease and employees' access to company systems would be suspended, according to Chinese......

Jardine Matheson Holdings has agreed to buy the remaining 11.96 per cent of hotel arm Mandarin Oriental International it does not already own, as the century-old conglomerate ramps up efforts to increase investor returns. Mandarin Oriental shareholders would receive US$3.35 in cash per share in a deal that valued the hotel chain at about US$4.2 billion, Jardine said in a statement on Friday. The total value represented a premium of 40 per cent to Mandarin Oriental's closing price on Thursday,......

Alibaba Group Holding has introduced a computing pooling solution that it said led to an 82 per cent cut in the number of Nvidia graphics processing units (GPUs) needed to serve its artificial intelligence models. The system, called Aegaeon, was beta tested in Alibaba Cloud's model marketplace for more than three months, where it reduced the number of Nvidia H20 GPUs required to serve dozens of models of up to 72 billion parameters from 1,192 to 213, according to a research paper presented this......