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Electric & new energy vehicles
BYD beats Tesla again as sales top US$100 billion in record 2024 results
Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.
4 hours ago
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DeepSeek
DeepSeek wows coders with more powerful open-source V3 model
6 hours ago
Banking & finance
Alibaba’s Tsai says some AI bets like excess data centres are speculative
25 Mar 2025 - 5:11PM
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Electric & new energy vehicles
Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion
The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.
4 hours ago
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A Xiaomi SU7 Ultra electric car is displayed at the Mobile World Congress in Barcelona, Spain, on March 3. Photo: Xinhua
Semiconductors
US start-up PsiQuantum raising US$750 million in quantum computing race
Start-ups and major tech firms are chasing quantum computing, with Google, Microsoft and Amazon having unveiled new quantum chips.
25 Mar 2025 - 11:15AM
Auctions
23andMe’s bankruptcy puts 15 million users’ DNA data on auction block
23andMe has proposed an auction in May for the sale of its assets, which include the genetic data of more than 15 million customers.
25 Mar 2025 - 10:13AM
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Banking & finance
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Hong Kong must capitalise on DeepSeek to lure global, Chinese funds: HSBC
Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.
25 Mar 2025 - 1:39PM
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David Liao, HSBC’s co-CEO for Asia and the Middle East, pictured at HSBC headquarters in Central on March 19, 2025. Photo: Jonathan Wong
Banking & finance
China to attract more private equity from Middle East and US: Bain & Co
Asia-Pacific deal value rose 11 per cent to US$176 billion in 2024, according to Bain & Company.
25 Mar 2025 - 8:03AM
Robotics
Unitree’s robots won’t be helping with the cleaning up just yet
Despite growing competition, Unitree’s founder says the company will not release household robots until safety issues are sorted out.
24 Mar 2025 - 8:03PM
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Banking & finance
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Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures
The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.
25 Mar 2025 - 4:40PM
Apple
Apple’s Cook praises DeepSeek ahead of Shanghai developer conference
At the China Development Forum in Beijing, Cook called DeepSeek’s models ‘excellent’, as consumers await the launch of Apple Intelligence.
24 Mar 2025 - 6:00PM
The DeepSeek app displayed on an iPhone on January 27. Apple CEO Tim Cook praised the Chinese start-up for its innovative AI models. Photo: Getty Images via AFP
Electric & new energy vehicles
BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller
The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.
2 hours ago
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Hong Kong property
Hong Kong may need 7 to 15 years to end city’s office glut, experts say
The city has 15 million sq ft of excess office space, more than all the current space in the main business district.
24 Mar 2025 - 2:01PM
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Artificial intelligence
AI boom drives record loans for data centres in Southeast Asia
Southeast Asia has become a data-centre hotspot as tech multinationals diversify beyond China amid geopolitical tensions.
24 Mar 2025 - 10:17AM
Banking & finance
StanChart eyes 5 wealth hubs in Hong Kong to appeal to ‘new money’
The next wealth management centre will open in Central later this year, while the bank scouts for new locations in the city.
24 Mar 2025 - 7:42AM
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Standard Chartered’s Priority Private Centre at K11 Atelier Victoria Dockside in Tsim Sha Tsui, Kowloon. Photo: Handout
Fashion
Chinese can’t get enough of Laopu Gold, country’s ‘Hermès of gold’
Its sales soaring despite upping prices, Laopu Gold finds a ready market in China for its contemporary designs. Can it do the same overseas?
24 Mar 2025 - 7:15AM
Banking & finance
HSBC to back Chinese firms in their growth plans amid global headwinds, CEO says
With continued investment, China is poised to lead the future of technology-driven, resilient, and sustainable supply chains, Elhedery says.
23 Mar 2025 - 6:32PM
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Banking & finance
Top Hong Kong women CEOs talk about the school that fuelled their success
HKEX’s Bonnie Chan, SFC’s Julia Leung and Hang Seng Bank’s Diana Cesar talk about the school that shaped their worldwiew and beliefs.
23 Mar 2025 - 10:00AM
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From left: Diana Cesar, Julia Leung Fung-yee, and Bonnie Chan Yiting share their experience at symposium hosted by Maryknoll Convent School in Central on March 16, 2025. Photo: May Tse
Artificial intelligence
Exclusive
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Why Lee Kai-fu is betting his AI start-up’s future on DeepSeek
In an interview with the Post, Lee discusses China’s ‘ChatGPT moment’ and 01.AI’s transition from a model developer to a solutions provider.
22 Mar 2025 - 10:14AM
Electric & new energy vehicles
BYD’s Denza unveils N9 SUV to challenge Mercedes, BMW in premium EV segment
The N9 starts from 389,800 (US$60,860), equipped with BYD’s autonomous driving systems and can support on-vehicle drone systems.
22 Mar 2025 - 8:00AM
Mergers & Acquisitions
Li may swing BlackRock deal with just 15% of minority owners’ votes
Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.
21 Mar 2025 - 7:09PM
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Electric & new energy vehicles
Xpeng sets up first self-branded EV supercharging station in Hong Kong
Fierce competition among auto manufacturers is extending to charging technologies.
21 Mar 2025 - 6:15PM
Xpeng X9 electric vehicles in Guangzhou. Photo: AFP
Semiconductors
Hong Kong investment arm backs Chinese RISC-V start-up StarFive
The partnership will see Hong Kong support StarFive in rolling out RISC-V chip applications in the city.
21 Mar 2025 - 12:01PM
Mergers & Acquisitions
Wingtech sells 4.6 billion yuan assembly assets after losses from US sanctions
The company signed an agreement to sell stake in five subsidiaries to Luxshare Precision Industry, according to filing with Shanghai Stock Exchange.
21 Mar 2025 - 10:59AM
Hong Kong property
2 of Hong Kong’s biggest developers miss profit goals amid slump
‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.
24 Mar 2025 - 3:04PM
HIGHLIGHTS FROM
China Future Tech
Banking & Finance
Alibaba’s Tsai says some AI bets like excess data centres are speculative
25 Mar 2025 - 5:11PM
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Big Tech
Chinese tech giant Tencent invests in Shanghai robotics start-up Agibot
3 hours ago
China EVs
BYD beats Tesla again as sales top US$100 billion in record 2024 results
4 hours ago
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Tech War
Ant Group’s use of local GPUs, not Nvidia, cuts AI model training costs by 20%
5 hours ago
Global Economy
Unaffected by EU’s tariffs on EVs, China’s hybrid-vehicle exports surge to bloc
5 hours ago
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5
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