Macau

New Business

China’s consumption stimulus debate reignites with no clear answer

After casino hub Macau unveiled fresh cash handouts of 10,000 patacas (US$1,247) to each of its permanent residents to boost…

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New Business

Melco chairman Lawrence Ho-backed SPAC raises US$150 million on Nasdaq

Black Spade Capital, the family office of Macau casino operator Melco Resorts & Entertainment’s chairman Lawrence Ho Yau-lung, listed its…

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New Business

Hilton to maintain breakneck China expansion pace, targets 100 new hotels per year

Global hotel chain operator Hilton is bullish over the growth potential of mainland China’s leisure travel market and plans to…

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New Business

Exclusive | Ping An eyes opportunities as more Hongkongers retire to the Greater Bay Area

Ping An Insurance (Group), mainland China’s largest insurer by market capitalisation, is planning to offer more products and services to…

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New Business

Swire Pacific, Wharf results dragged down by Hong Kong, China property markets

The subdued office rental market hit Swire Pacific’s property unit Swire Properties, where underlying profit fell 8 per cent year…

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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

China’s robotaxi bet: all roads on island connecting Macau open to self-driving cars

Hengqin, an island in the southern city of Zhuhai that serves as the gateway to the gambling hub of Macau,…

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New Business

Shenzhen government to raise US$964 million with ‘dim sum’ bond issue in Hong Kong

The Shenzhen government will issue up to 7 billion yuan (US$964.4 million) worth of so-called dim sum bonds – yuan-­denominated…

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New Business

As China’s students breathe new life into study tourism, has US gone off their radar?

“Last year, many public schools and parents were still worried, so 2024 is actually the first time since the pandemic…

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Tech

China names and shames agents offering unauthorised access to ChatGPT on the mainland

The Cyberspace Administration of China (CAC) and other local authorities have meted out punishments to several website operators during the…

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