Ant Group

New Business

Ant Group executive pays US$10 million for Hong Kong villa, 35% lower than 2022 peak

Hong Kong’s luxury property market continues to witness heavily discounted sales, with buyers taking advantage of depressed prices. A four-bedroom,…

Read More »
New Business

Alibaba, Ant partner with home province Zhejiang to support China’s AI drive

Provincial governor Liu Jie attended a signing ceremony in Hangzhou on Tuesday, along with Alibaba chairman Joe Tsai and Ant…

Read More »
New Business

Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom

A former ByteDance executive has joined Shengshu AI as CEO, marking a significant hire by one of China’s leading artificial…

Read More »
New Business

Bubble tea giant Mixue’s IPO powered by prowess in procuring, production, prices: analysts

The retail portion of the company’s Hong Kong debut attracted more than HK$1.6 trillion (US$205.9 billion) in subscriptions on Wednesday,…

Read More »
New Business

HSBC cutting 900 staff at China digital wealth unit Pinnacle, sources say

HSBC reiterated its commitment to mainland China as a “priority market” after two sources said the lender was reducing staff…

Read More »
New Business

Retail portion of Mixue’s IPO sets record with nearly US$206 billion in subscriptions

The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, attracted more…

Read More »
New Business

Alibaba investors hail e-commerce giant’s AI pivot as it plots major investment outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent to close at HK$138.50 on Friday, following an 8 per cent gain…

Read More »
New Business

Beijing’s schmoozing of China’s private sector a strategic move, analysts say

Beijing is repositioning the private sector as the cornerstone of China’s global competitiveness and technological edge in the face of…

Read More »
New Business

Chinese spatial design firm Manycore Tech files for IPO in Hong Kong

Chinese start-up Manycore Tech, operator of the world’s largest spatial design platform, has applied for an initial public offering (IPO)…

Read More »
New Business

JD.com launches gifting feature to compete with Alibaba, Tencent ahead of Lunar New Year

Chinese e-commerce platform operator JD.com on Friday introduced a gifting feature on its mobile app, joining rival Alibaba Group Holding…

Read More »
Back to top button