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DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race

The chatbot app from artificial intelligence (AI) sensation DeepSeek has overtaken Doubao, the equivalent product from TikTok parent ByteDance, as…

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New Business

Hong Kong keeps base rate steady at 4.75% as monetary policy takes a breather after 3 cuts

Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the US Federal Reserve, taking a breather…

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New Business

Hong Kong developer New World claims ‘business as usual’ amid default rumours

Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development…

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New Business

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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New Business

Shimao slashes Hong Kong Sheraton hotel price by 25% to speed up restructuring

Defaulted mainland Chinese developer Shimao Group Holdings has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s…

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New Business

Builder Jinke Property reveals details of court-supervised debt restructuring plan

Chinese developer Jinke Property Group has revealed details of its court-supervised onshore debt restructuring programme to some of its creditors,…

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New Business

New World to keep focus on corporate strategy as stock slumps amid debt troubles

New World Development (NWD) said it will continue to focus on implementing its existing corporate strategy amid concerns about its…

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New Business

Global firms in China go local as trade, tech flare-ups threaten operations

Despite escalating efforts from the United States and its allies to clamp down on trade, international companies with an interest…

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New Business

Intel CEO Gelsinger forced out as chip giant falls behind Nvidia, TSMC

Intel chief executive Pat Gelsinger has been forced out less than four years after taking the helm of the company,…

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New Business

Dell, HP post disappointing quarterly sales as global PC market recovery stalls

Dell Technologies and HP reported quarterly financial results that suggest a long-awaited recovery of the personal computer (PC) market is…

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