Ant Group

New Business

Ant International issues first sustainability report after spin-off amid IPO speculation

Ant International, which was spun off from fintech giant Ant Group last year, published its first independent sustainability report on…

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New Business

From AI to chips: China courts private tech firms to help drive next 5-year plan

China has signalled growing support for the private sector, as the head of the government department that oversees economic reform…

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New Business

Hong Kong stablecoin law draws mainland attention as Citic anticipates tokenisation boom

Hong Kong’s move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset…

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New Business

Ant International: numerical AI model is the GPT of financial services

Ant International predicts that its artificial intelligence (AI) model for foreign exchange (FX) could have as large an impact on…

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New Business

Alibaba’s Amap offers ride-hailing function catering to foreign visitors in China

Amap, the mapping and local services business under Alibaba Group Holding, has introduced a ride-hailing feature on the platform’s English…

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New Business

China’s lack of advanced chips hinders broad adoption of AI models: Tencent executive

“The most severe problem is the [limited] resources of [graphics] cards and computing resources,” said Wang Qi, vice-president at Tencent’s…

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New Business

Meitu founder’s wife buys Hong Kong luxury home for US$60 million

The wife of the co-founder of Chinese selfie app Meitu has bought a HK$465.8 million (US$59.7 million) home in Hong…

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New Business

Hong Kong luxury property: mainland buyers pounce on big discounts from local sellers

Homebuyers from mainland China continue to drive demand in Hong Kong’s luxury property market, while local investors offload units at…

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New Business

Hong Kong stocks slip as investors await Beijing briefing on economic growth

Hong Kong stocks edged down as investors awaited potential stimulus measures from Chinese authorities in an imminent briefing, amid uncertainty…

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New Business

Ant Group buys retail broker Bright Smart to set up ‘bridgehead’ in Hong Kong’s market

Ant Group has bought control of Hong Kong’s largest retail stock brokerage, as mainland China’s dominant online-payment operator stakes out…

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