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The Bank of America Tower is a 38-floor skyscraper located in the Admiralty area of Hong Kong. Photo: Shutterstock

Companies

Exclusive | US anti-piracy firm Vobile buys top floor of Bank of America Tower at a discount

The Emmy-winning firm has bought the top floor of the US bank’s Admiralty office for US$25.4 million – more than 60 per cent below its peak.

22 minutes ago

China’s second-hand boom fuels bruising battle for trade-in traffic

1 hour ago

China-founded Tripo AI updates 3D content platform as users more than double

2 hours ago

Business

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

31 Dec 2025 - 1:39AM

Under new rules, individuals who sell a residential property within two years of buying it will pay VAT at 3 per cent instead of 5 per cent. Photo: Getty

Business

Hang Seng Bank to leave Hang Seng Index after 53 years if buyout passes

Brokers say the well-established benchmark is unlikely to be affected, as shareholders are poised to back HSBC’s privatisation plan.

30 Dec 2025 - 9:10PM

China Economy

How China is upgrading its digital yuan for the stablecoin era

Beijing is upgrading its digital currency in response to the rise of stablecoins, but the goal is to create a fundamentally different system.

30 Dec 2025 - 9:00PM

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Property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Developer offers 148 units in Phase 2A of Sierra Sea development, expecting strong demand from homebuyers.

30 Dec 2025 - 5:45PM

A general view of Sun Hung Kai Properties’ Sierra Sea residential development. Photo: Edmond So

Big Tech

China-founded AI start-up Manus acquired by Meta for ‘billions’

Deal will bring Singapore-based Manus’ ‘leading agent to billions of people’, Meta says.

30 Dec 2025 - 8:04PM

IPO Quote Profile

China’s Zhipu AI launches US$560 million share sale amid heated IPO tech race

The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong’s first large language model listing.

30 Dec 2025 - 4:16PM

China Business

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.

30 Dec 2025 - 10:13AM

Insilico is training and testing an AI-powered drug-discovery tool to enable faster, cheaper and more successful drug discovery. Photo: Handout

China Business

Hong Kong stocks edge higher on last full trading day of year

Hang Seng Index edges higher as Chinese yuan surpasses 7 against US dollar for first time since May 2023.

30 Dec 2025 - 4:33PM

People walk past Exchange Square in Central, home of Hong Kong’s bourse operator, on March 28, 2025. Photo: Matthew Miller

Banking & Finance

Insilico Medicine leads 6 Hong Kong IPOs, capping banner fundraising year

Debutants raise total of US$899 million as exchange wraps up one of the most active months for IPOs since 2021.

30 Dec 2025 - 5:26PM

China Business

Chinese firms flock to Dubai free zones to navigate trade barriers, expand reach

JD.com, CNBM, carmakers and hundreds of other Chinese companies use the hub to reach consumers across Asia, Africa and Europe.

30 Dec 2025 - 8:00AM

China Future Tech

Trip.com tests stablecoin, offering USDT and USDC for prepaid bookings

The travel platform switched on stablecoin checkout in select markets, a cautious offshore pilot as Beijing keeps crypto crackdown in place.

30 Dec 2025 - 7:00AM

Trip.com’s stablecoin move comes despite Beijing’s hard line on crypto-related activity. Photo: Shutterstock

Tech Trends

Chinese robot vacuum maker Dreame gives staff gifts of gold, trip to Antarctica

Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.

29 Dec 2025 - 7:32PM

A Dreame 10s Ultra robot vacuum cleaner. Photo: Dreame

Banking & Finance

OCBC, Bangkok Bank, First Abu Dhabi join US$14 billion offshore yuan scheme

Leading banks from Southeast Asia and the Middle East are taking part in the programme, underscoring the city’s push as an offshore yuan hub.

29 Dec 2025 - 6:30PM

China EVs

China’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor

‘Leapmotor aims to achieve annual deliveries of 4 million units a year in 10 years’ time,’ founder and CEO Zhu Jiangming says.

29 Dec 2025 - 3:31PM

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China Business

From hope to hard numbers: China stocks will need profits to boost the bull run

Chinese shares surged in 2025 on a confidence-led re-rating – strategists now say the next leg in 2026 will hinge on an earnings uplift.

27 Dec 2025 - 10:00AM

Earnings, and not valuations, will be the main booster for China’s equities in the year ahead. Illustration: Henry Wong

China Business

Are Chinese biotechs what the doctor ordered as Big Pharma faces ‘patent cliff’?

US drug makers are racing to plug looming ‘patent cliff’ revenue gaps – and increasingly they are turning to China biotechs.

20 Dec 2025 - 8:57AM

Tech Trends

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

14 Dec 2025 - 12:57AM

Banking & Finance

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

6 Dec 2025 - 11:18AM

Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout

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Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai

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

HAng Seng

Taiwan firm creates clothing from banana waste

Banana

Gold scams in China and changing global politics

Wire

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