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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

AI-led boom of Chinese stocks revives refinancing activities in Hong Kong

The artificial intelligence (AI) boom that propelled Chinese technology stocks higher has also galvanised refinancing activities in Hong Kong, as…

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New Business

Hong Kong developer NWD to launch second State Pavilia offering after weekend sell-out

New World Development (NWD) is launching a second offering of flats at its State Pavilia project in North Point on…

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New Business

Xiaomi market value tops HK$1 trillion amid bullish view on EV business

Xiaomi’s market value breached HK$1 trillion (US$128.4 billion) for the first time after its shares surged to an all-time high,…

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New Business

DeepSeek breakthrough raises investor concerns over the need for massive AI spending

A little-known Chinese start-up, whose affordable technology matches the likes of the most formidable American tech titans such as OpenAI…

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New Business

Tencent’s US blacklisting stokes fear of tech war escalation with China

The US government’s move to add Tencent Holdings, China’s most valuable company, to its list of Chinese military firms has…

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New Business

China beer market loses fizz as spendthrift drinkers opt for cheaper brews

For years, beer brands have been pushing premium products in China, thirsty to tap the consumption power of the growing…

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