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The BYD logo is displayed at the Beijing Auto Show in April 2024. Photo: AFP

China EVs

BYD out-earns Tesla after out-making, out-selling Model 3 producer

Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.

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Hong Kong set to fund Chinese start-ups’ ‘jaw-dropping’ innovations

DeepSeek wows coders with more powerful open-source V3 model

Banking & Finance

Hong Kong deepens push into AI, tech to boost its edge over Singapore: Paul Chan

Artificial intelligence is the future, as it has the potential to boost Hong Kong’s competitiveness, financial secretary says.

Financial Secretary Paul Chan at the HSBC Global Investment Summit on Tuesday. Photo: ISD
Financial Secretary Paul Chan at the HSBC Global Investment Summit on Tuesday. Photo: ISD

Banking & Finance

Alibaba’s Tsai says some AI bets like excess data centres are speculative

‘People are talking literally about US$500 billion, several US$100 billion [projects]. I don’t think that is entirely necessary,’ Tsai says.

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China EVs

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.

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Markets

Hong Kong stocks slump as investors cash out amid lack of strong catalysts

Mainland carmakers Xiaomi, Geely, Li Auto and BYD pace losses, with investors expecting volatility ahead.

Hong Kong stocks fell on Tuesday as investors resorted to profit-taking. Photo: Jelly Tse
Hong Kong stocks fell on Tuesday as investors resorted to profit-taking. Photo: Jelly Tse

Tech Trends

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.

Banking & Finance

Exclusive | 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.

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Big Tech

Chinese start-up targets 5,000 robots this year, taking on Elon Musk’s Optimus

The robotics start-up co-founded by former Huawei ‘Genius Youth’ recruits has an ambitious 5,000-unit production target, far exceeding 2024 output.

One of Agibot’s wheeled robots working at a supermarket checkout. Photo: Agibot

Tech Trends

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.

The 23andMe headquarters in Sunnyvale, California. Photo: AFP
The 23andMe headquarters in Sunnyvale, California. Photo: AFP

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.

China EVs

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.

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Business

Cantopop diva G.E.M. dives in for 2 Hong Kong flats as prices drop

The transactions for the two units in Leon Court in Wan Chai were completed earlier this month for HK$85 million, government records show.

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The singer G.E.M. has bought two 2,480 sq ft units in Leon Court in Wan Chai for a combined HK$85 million. Photo: Handout

Banking & Finance

Exclusive | 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.

Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images
Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images

Tech Trends

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.

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Big Tech

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.

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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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illustration by Pearl Law
illustration by Pearl Law

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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Companies

Hong Kong property firm Gale Well trying to sell US$386 million in assets

Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
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OPINION
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
John Pomeroy

Opinion | Asia is ground zero for the impact of global glacier loss

John Pomeroy
Christopher Tang

Opinion | Forget Doge, it’s Musk’s Tesla that looks in need of a rescue

Christopher Tang
Andy Cheng

Opinion | Hong Kong must ensure it won’t lose control of Northern Metropolis

Andy Cheng
Richard Harris

Opinion | As US political capital wanes, other assets aren’t far behind

Richard Harris
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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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