Ant Group

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Ant Group acquires stake in Chinese memory chip firm InnoStar in self-sufficiency push

Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding…

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Ant International and Standard Chartered partner on cross-border remittance service

Ant International, Standard Chartered Bank and the Swift system said on Wednesday they were collaborating on a global cross-border remittance…

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China’s Pony.ai eyes ‘sizeable fleet’ in Hong Kong, unfazed by Tesla robotaxi competition

“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said…

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Ant Digital promotes blockchain platform as Hong Kong implements stablecoin law

Ant Digital, an affiliate of Chinese fintech giant Ant Group, is promoting its blockchain platform for asset tokenisation in Hong…

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HKMA’s strict stablecoin regime to shape Hong Kong’s crypto future

Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as…

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Alibaba previews its first AI-powered glasses, joining China’s heated smart wearable race

The Quark AI glasses, named after Alibaba’s AI assistant, were showcased to the public for the first time at the…

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China’s state-asset watchdog explores potential role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission (SASAC) in Shanghai said SOEs must “maintain a keen awareness of emerging technologies”…

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Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with…

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New Business

Buyer linked to HSBC’s ‘taipan’ Wong puts down US$15.9 million for a Hong Kong luxury flat

A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong’s Southern district for…

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New Business

Unitree Robotics reaches unicorn status with ByteDance, Alibaba, Tencent funding

Unitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from…

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