Alibaba Group Holding

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Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market…

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Alibaba’s Amap rolls out AI-powered 3D virtual tours for offline destinations

Amap, the mapping and navigation platform of Alibaba Group Holding, has launched new features powered by its top-ranking world model,…

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Hong Kong stocks hit 7-week high as investors rotate to Chinese tech names

A rotation into Chinese technology companies drove Hong Kong stocks to their highest in seven weeks as investors sought alternatives…

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MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

MiniMax is set to raise at least HK$4.2 billion (US$537.7 million) by pricing its Hong Kong initial public offering (IPO)…

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China-founded AI-agent start-up Manus acquired by Zuckerberg’s Meta for ‘billions’

A China-founded start-up that specialises in artificial intelligence agents was acquired by US tech giant Meta Platforms for billions of…

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Nvidia aims to start H200 AI chip shipments to China by mid-February, sources say

The US chip designer plans to fulfil initial orders from existing stock, with shipments expected to total 5,000 to 10,000…

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Hong Kong stocks climb as Santa rally extends for a second day

Hong Kong stocks rose for a second day on Tuesday, buoyed by the festive mood and investor optimism that the…

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Swire Properties sells 2 Deep Water Bay homes for US$283 million in biggest deal in years

Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay…

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Chinese AI chipmaker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

Shanghai Biren Technology has started bookbuilding for its Hong Kong initial public offering (IPO), aiming to raise up to HK$4.85…

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Alibaba, Pop Mart lead Hong Kong stocks higher before Christmas trading break

Hong Kong stocks rose on Monday alongside Asia-Pacific markets, with traders upbeat about finishing the year on a strong note.…

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