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China’s Hermitage Capital bets big on AI as it sees tech shaping the future

One of Asia’s top private equity funds is betting big on artificial intelligence and humanoid robots, envisioning a future where…

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New Business

Chinese EV makers’ July sales dip 5% as narrower discounts cool vehicle buyers’ ardour

Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum…

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Chinese carmakers rein in EV price cuts at Beijing’s behest as discount war takes its toll

Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an…

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China’s Anjoy Foods eyes Southeast Asia and Europe after Hong Kong listing

Anjoy Foods Group, mainland China’s largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like…

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How Huawei’s silicon strategy defies US sanctions to advance China’s AI ambitions

Huawei’s advanced AI chip initiative, however, suddenly faced a major obstacle a year later in August 2020, when the US…

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The View | Hong Kong’s stock market has revived but what of the property sector?

Hong Kong needs all the help it can get. Since 2018, the city has suffered one shock after another, preventing…

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Why Hong Kong is China’s undisputed hub for global finance, at Shanghai’s expense

When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software…

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New Business

Bitcoin hits record high as US-China trade tensions ease, crypto sentiment improves

Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues…

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‘Not going away in 90 days’: Wall Street skeptics sit out rebound trade as data shows toll

Michael Mullaney’s mind was elsewhere during the market rebound this week, even as stocks surged, borrowing costs for Corporate America…

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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…

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