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Hong Kong stocks rise on Goldman’s DeepSeek-led upgrade, Beijing tech meeting

Hong Kong stocks jumped on Monday towards a five-month high after Goldman Sachs raised its targets for Chinese equities, betting…

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New Business

Hong Kong stocks rise as investors look for signs of fresh China stimulus

The Hang Seng Index added 1.1 per cent to 21,368.09 at 9.50am local time, extending a 4.5 per cent increase…

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New Business

TikTok parent ByteDance denies its secret algorithms create filter bubbles

An executive from Chinese social media giant ByteDance played down the role of its content-recommendation algorithms in creating so-called filter…

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New Business

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media…

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New Business

Hong Kong stocks stuck in the doldrums as traders look for drivers to boost sentiment

Hong Kong stocks fluctuated in early trading as investors awaited catalysts after digesting the US Federal Reserve’s hawkish pivot on…

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New Business

New World Development loses blue-chip status in ejection from Hang Seng Index

The city’s most indebted home builder joined the HSI in 1973, just a year after it went public. It was…

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Tech

Tencent super app WeChat strikes fine balance as everyday tool and public-service platform

Super app WeChat, operated by video gaming and social media giant Tencent Holdings, continues to strike a delicate balancing act…

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Tech

TikTok owner ByteDance revs up nascent market for Sora-style services with Jimeng AI app

A screenshot of sample videos generated by ByteDance’s Jimeng artificial intelligence service from a mainland app store. Photo: SCMP The…

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Tech

Tencent beefs up range of content on super app WeChat by adding breaking news alerts

According to screenshots cited in the reports, some WeChat users received breaking news alerts on weather, finance, politics and the…

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New Business

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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