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New Business

UBTech wins US$37 million deal to deploy humanoid robots at China-Vietnam border crossings

UBTech Robotics, one of China’s top robot manufacturers, said on Tuesday it had secured a major contract to deploy humanoids…

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New Business

Nexperia’s Chinese owner Wingtech says Dutch headquarters remains silent on call for talks

Wingtech Technology, the Chinese owner of Nexperia, said it had received no meaningful reply after reaching out to the Dutch…

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New Business

Rising down jacket sales offer unexpected cushion against deflation in mainland China

China’s down jacket and coat makers are the unlikely beneficiaries of the winter season, as more young consumers splash out…

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As homes fail to sell in mainland China’s depressed market, sellers turn to superstition

For homeowners in mainland China, selling a property has become so difficult that some are turning to xuanxue, a neo-Taoist…

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New Business

Tech war: Huawei to open-source software tool to optimise AI chip use

Huawei Technologies on Friday introduced open-source software that it claimed can significantly improve the utilisation rate of artificial intelligence chips,…

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Hang Seng Index set to cap worst week since April on AI bubble fears

Hong Kong stocks fell on Friday following Wall Street’s retreat as renewed concerns about the artificial intelligence sector and lacklustre…

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Hong Kong hedge fund founder buys luxury home in Shouson Hill for US$74.3 million

A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury…

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New Business

China’s clinical trial capacity matches US, attracts more global pharma firms, investors

China’s growing pipeline of novel drug candidates is expected to draw increased attention from global pharmaceutical companies and investors scouting…

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New Business

Hong Kong stocks extend decline amid Wall Street AI valuation concerns, Fed rate outlook

Hong Kong stocks fell on Tuesday, tracking a sell-off on Wall Street as investors reassessed lofty artificial intelligence-related valuations and…

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New Business

Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the…

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