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Reclusive Chinese billionaire strikes US$33m deal to take over Shanghai hotel

Online gaming billionaire Chen Tianqiao acquired the Mia Hotel at a discount, as investors bet on a recovery in China’s prime real estate market.

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Authorities say 24 of 28 lifts in the new clinical block were affected, delaying the launch of clinical services until repairs are completed.

Damaged electronic components, faulty wiring connections and poor installation workmanship were among the problems affecting 24 of the 28 newly installed lifts in Clinical Block 1. Photo: Karma Lo
Faulty lifts in Clinical Block 1 at Queen Mary Hospital have delayed the launch of all clinical services at the building. Photo: Karma Lo
The faults caused lifts to start or stop unevenly, halt at positions that were not level with the floor, or fail to open their doors. Photo: Karma Lo

Business

Why Hong Kong’s strategic advantages attract global talent

In partnership with:Hong Kong Talent Engage
Married couple Robert Lay and Emma Li, who are both finance industry veterans, moved to Hong Kong from New Zealand with their children in 2023.
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Chinese officials rattled by White House chaos weeks ahead of Xi-Trump summit

Sources say little progress has been made on deliverables for Xi Jinping’s first state visit to the US since 2015.

US President Donald Trump and Chinese President Xi Jinping arrive during a state dinner at the Great Hall of the People in Beijing on May 14. File photo: AP
Opinion
Anthony Rowley
Opinion |

Global leaders must wake up to threat of unbridled AI adoption

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Macroscope | Global leaders must wake up to threat of unbridled AI adoption

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SCMP SeriesUS at 250

Historians trace how US hopes of trade, reform and friendship gave way to rivalry with the power it once sought to transform.

Open Questions series-
Global experts discuss US-China ties, the Chinese economy and more.

The 95-year-old sinologist gives his take on the superpower rivalry, the US advantage and Taiwan, and explains why the past is so important.

Illustration: Henry Wong
China Future Tech
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