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US Treasury Secretary Scott Bessent. Photo: Reuters

Markets

US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

The decline has more to do with the emergence of Chinese AI firm DeepSeek than with Trump’s economic policies, Bessent says.

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Will the free-falling oil price reorder the world’s energy landscape?

How Alibaba is transforming into a catalyst for China’s AI boom

Big Tech

Elon Musk-Sam Altman fight over OpenAI overhaul set for March trial

A US federal judge called for an expedited trial on the ‘core’ claim from Musk’s 2024 lawsuit that OpenAI’s restructuring plan is unlawful.

Elon Musk, left, and Sam Altman worked together to found OpenAI in 2015. Photo: Shutterstock
Elon Musk, left, and Sam Altman worked together to found OpenAI in 2015. Photo: Shutterstock

Markets

Trump tariffs slam global markets in biggest stock damage since Covid in 2020

Some US$2.5 trillion was wiped out overnight in US markets after the S&P 500 and Nasdaq 100 sank by about 5 per cent.

China Business

Chinese stocks’ rally risks unravelling as Trump’s reciprocal tariff kicks in

Best strategy is to bet on plays that would benefit from new stimulus policies China is likely to announce, analyst says.

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Tech Trends

Trump tariffs, ‘de minimis’ exemption end challenge China’s e-commerce merchants

The policy changes affect many of China’s 120,000 online exporters, whose major market is the United States.

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Higher US tariffs and the end of duty exemptions pose a major challenge to China’s cross-border e-commerce merchants. Photo: Shutterstock
Higher US tariffs and the end of duty exemptions pose a major challenge to China’s cross-border e-commerce merchants. Photo: Shutterstock

Banking & Finance

Exclusive | Hong Kong’s soon-to-open art-storage facility is an incentive for family offices

The complex at Skytopia airport city will be ready this year or early next year and enhance Hong Kong’s role as an art-trading centre.

Companies

Hong Kong online broker Futu launches DeepSeek-powered tools

Firm joins around 20 Chinese brokers and fund managers, including Sinolink Securities and CICC Wealth Management, in embracing DeepSeek.

Banking & Finance

‘China’s Goldman’ bets on Hong Kong’s role as offshore yuan hub

With low rates in China, borrowing in yuan is now cheaper than in other currencies, CICC says.

Commuters at the Central subway station in Hong Kong on 18 February 2025. Photo: Jonathan Wong

Big Tech

Quora-like platform Zhihu bets on AI to become China’s X and LinkedIn

‘In the era of AI, the influence of high-quality content will only grow,’ finance chief Wang Han says in an interview with the Post.

Zhihu is hoping to become China’s primary platform for public discussions and professional knowledge sharing with the help of AI. Photo: Shutterstock
Zhihu is hoping to become China’s primary platform for public discussions and professional knowledge sharing with the help of AI. Photo: Shutterstock

Big Tech

Huawei’s ternary logic patent uses an old idea to improve AI chip design

The approach could be used to reduce the number of transistors on a chip, thus reducing energy consumption.

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Tech Trends

China’s biotech firms record surge in overseas licensing deals in first quarter

Chinese drug makers landed 33 licensing deals with overseas pharmaceutical firms, with transactions totalling US$36.2 billion.

United States & Canada

Trump administration sued over Chinese import tariffs

Lawsuit alleges that the US president improperly bypassed Congress by imposing tariffs.

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Cargo ships sail on the Huangpu River in Shanghai, China. Photo: EPA-EFE

Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

The call comes after cryptocurrency mogul Justin Sun denounced alleged ‘loopholes’ in Hong Kong’s trust regulations.

Justin Sun, founder of the Tron blockchain, speaks at a press conference on Thursday in Tsim Sha Tsui, where he accused First Digital Trust of misappropriating funds of a stablecoin operator he has links to. Photo: Edmond So
Justin Sun, founder of the Tron blockchain, speaks at a press conference on Thursday in Tsim Sha Tsui, where he accused First Digital Trust of misappropriating funds of a stablecoin operator he has links to. Photo: Edmond So

China EVs

China’s lidar sensor firms Hesai, RoboSense stand to gain after fatal EV crash

Adoption of the laser-based sensors will increase as consumers demand safe self-driving systems, analysts say.

China Business

Trump tariffs may drive China’s bad loans to pandemic-high levels, S&P says

Non-performing assets ratio could approach 6.5 per cent seen during the Covid-19 pandemic in 2022 if tariffs hit harder.

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China EVs

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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Illustration by Lau Ka-kuen
Illustration by Lau Ka-kuen

Banking & Finance

In SAFE hands: China’s secret plan for US$1 trillion reserves fund in Hong Kong

Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.

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Banking & Finance

China’s 4 golden flowers: how Beijing invests its US$3.2 trillion reserves

The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.

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Business

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
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OPINION
Zhou Xin

My Take | Labubu proves Hong Kong IP and Chinese manufacturing are a recipe for success

Zhou Xin
Anthony Rowley

Macroscope | World is ready to cut US dollar down to size – but not too quickly

Anthony Rowley
4
James David Spellman

Opinion | Trump’s executive orders will be no match for markets in grip of fear

James David Spellman
Bonnie Zuo

Opinion | China has what it takes to lead the global green steel revolution

Bonnie Zuo
Winston Mok

Opinion | China’s true talent in AI lies in making it safe to use

Winston Mok
Nicholas Spiro

The View | Why the future looks so promising for luxury property in Asia

Nicholas Spiro
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
01:32
Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
02:33
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