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Retirees exercise at a Hong Kong park. Rising life expectancy means some Hongkongers may need up to US$910,000 to fund a comfortable retirement, according to a new study. PhotoL Sam Tsang

Business

The price of a long life: Hongkongers may need US$910,000 to retire

Study urges more tax incentives for voluntary pension savings, while a lawmaker suggests retirees consider lower-cost living in the Greater Bay Area.

Chinese biotech GenScript surges as it rebuffs US lawmakers’ allegations

Why Shanghai’s property market is rebounding faster than other cities in China

Banking & Finance

China’s Tiger Brokers reports strong results amid trading crackdown

Hong Kong trading soars 536 per cent, firm says, while making no mention of US$61 million fine from China’s market watchdog.

The Hong Kong market "continued its solid trajectory, with client assets posting double-digit growth" in the quarter, according to the firm's CEO. Photo: Handout
The Hong Kong market "continued its solid trajectory, with client assets posting double-digit growth" in the quarter, according to the firm's CEO. Photo: Handout

Big Tech

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Investment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com.

Property

CK Asset resumes sales at 21 Borrett Road after waiting out luxury home slump

The launch reflects growing confidence among developers that the luxury segment has emerged from a multi-year downturn.

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China Business

The big scoop: lemon tea chain to revamp Haagen-Dazs’ struggling China business

General Mills offloads ice cream brand’s China stores, as foreign businesses revamp models amid heated domestic competition.

Haagen-Dazs currently operates nearly 200 stores in mainland China. Photo: Handout
Haagen-Dazs currently operates nearly 200 stores in mainland China. Photo: Handout

Business

AI, biotech and new energy likely targets of HKIC yuan fund

Hong Kong government’s investment arm to set up yuan-denominated venture capital fund aimed at investors seeking exposure to China currency.

China Business

Why Hong Kong is now the launch pad for mainland China’s AI champions

City emerges as a price-discovery hub, with mainland AI firms reversing a decades-old dual-listing order to secure global benchmarks.

Banking & Finance

Fear of missing out: why Asia-Pacific firms chase AI despite scant returns

Survey shows many enterprises across the region invest heavily in AI, worried that their rivals will outpace them.

The survey findings come as businesses race to adopt AI despite persistent challenges in proving returns on investment. Photo: Shutterstoc

China Business

Food Republic joins wave of foreign brands retreating in China

Singaporean operator leaves capital after 25 years as food court model loses favour amid rise of food delivery, shopping-mall evolution.

4
Following the Beijing closure, only four Food Republics will remain in China, all in Shanghai. Photo: Handout
Following the Beijing closure, only four Food Republics will remain in China, all in Shanghai. Photo: Handout

China Business

Chinese EV makers recover in May but competition fierce amid overcapacity woes

Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.

Banking & Finance

Closure of boutique hotel linked to student-housing trend in Hong Kong

Move comes as hotel-to-dormitory conversions gather pace, even as some owners wait for asset values to rebound, property consultant says.

China Business

Akeso lung cancer drug trial raises hopes in US$20b market

Ivonescimab phase three trials reduce death risk by 34 per cent, as analysts predict it could transform non-small cell lung cancer therapy.

Illustration of a healthy lung and a smoker's lung. Photo: Shutterstock

Big Tech

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

A Unitree robot works in a hardware store in Pocking, Germany. The robot operates in supervised mode and its goal, according to the store operator, is to support employees, not replace them. Photo: EPA
A Unitree robot works in a hardware store in Pocking, Germany. The robot operates in supervised mode and its goal, according to the store operator, is to support employees, not replace them. Photo: EPA

China Business

China index reshuffle to entrench tech trades and boost AI rally: brokerages

Shanghai exchange revamp lifts tech weighting and adds chipmakers, signalling policy support and investor confidence.

Business

China’s property market shows more positive signs with price, sales upticks

Sector has ‘weathered its most severe adjustment’, with overall market sentiment ‘turning noticeably positive’, analyst says.

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China Business

China’s drug makers are speeding up – will AI be their secret weapon?

Chinese biotech firms are striking big global deals as drug makers, but could artificial intelligence take them to the next level?

Illustration by Henry Wong
Illustration by Henry Wong

Markets

Can Hong Kong’s listing reform 2.0 win over innovative firms?

The reforms enhance the city’s appeal for AI, biotech and other firms by slashing the market cap threshold and enabling confidential filings.

Big Tech

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

China EVs

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
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OPINION
Jun Yan

Opinion | How foreign investors should view China’s ‘little giants’ scheme

Jun Yan
Anthony Rowley

Macroscope | Why bond yields are going up everywhere

Anthony Rowley
5
Kun Tian

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Kun Tian
Nicholas Spiro

Macroscope | How the rupee’s fall shows India’s struggle to overcome vulnerabilities

Nicholas Spiro
Anthony Rowley

Macroscope | Why dollar and gold prices are looking abnormal amid Iran war

Anthony Rowley
Nicholas Spiro

The View | War-induced interest rate shocks unlikely to upset Asia’s property markets

Nicholas Spiro
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MULTIMEDIA
Video

How China’s malls are trying to stay relevant

Wire
02:34
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Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai
07:39
Video

What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng
04:37
Video

Taiwan firm creates clothing from banana waste

Banana
01:00
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