Latest Hong Kong HKEX Stock Market News
China’s drought-hit grain, power, aluminium hub braced for ‘worst case scenario’
China’s drought-hit Yunnan braced for ‘worst case scenario’ as key grain, power, aluminium hub faces worst dry spell in 60 yearsChina’s key southwest province of [more]
Ant, Baidu, and Tencent partner with US AI firms on UN’s first global GenAI standards · TechNode
China’s Ant Group, Baidu, iFlytek, and Tencent joined US AI firms including OpenAI and Meta in working on two global GenAI and LLM-focused standards which [more]
Huawei launches Pura 70 series equipped with Kirin 9010 chip · TechNode
Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. On Thursday, Huawei [more]
China’s EV price war escalating to “unsustainable” levels, says Bosch executive · TechNode
An industry-wide price war in the Chinese car market has escalated to an unsustainable level, which has been ongoing for more than a year and [more]
Li Auto launches its smallest plug-in hybrid SUV, faces pressure from Huawei · TechNode
China’s Li Auto on Thursday introduced its smallest model ever: an extended-range hybrid crossover that it hopes will contribute a large portion of its total [more]
Apple removes Meta’s WhatsApp and Threads services from China App Store
Apple pulls social media giant Meta’s WhatsApp and Threads services from China App Store amid country’s tightened internet regulationApple has removed two of Meta Platforms’ [more]
Bilateral trade hits sour note as China lays hefty penalty on US acid imports
China announced on Friday it would levy anti-dumping penalties of over 40 per cent on imports of a chemical from the United States used in [more]
Apple pulls WhatsApp, Threads from China app store on Beijing’s order
(Reuters) -- Apple on Friday said it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do [more]
Meituan names a new CEO to lead core local commerce · TechNode
China’s food delivery company Meituan has appointed Senior Vice President Wang Puzhong as CEO of its new core local commerce business, marking the first time [more]
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.Hong Kong’s Insurance Authority (HKIA) has taken disciplinary action against Chiu Kin Fung Jacky, an [more]
Hong Kong launches new credit reference operating model
Credit Data Smart will guide the collection of credit as future reference to loan providers.Hong Kong’s banking industry associations have launched Credit Data Smart, a [more]
Indonesian poultry startup Pitik said to have laid off more than 50% staff
A poultry farm. Photo by PixabayIndonesia’s Pitik has reportedly laid off a significant portion of its staff over the past couple of months as the [more]
IFC weighs $125m investment in Indian solar panel provider Fourth Partner Energy
The company's shareholders are The Rise Fund and Norwegian government's Norfund. Read More
Asian stocks fall as concern over Middle East spurs selling
TOKYO -- Japan's benchmark Nikkei Stock Average on Friday morning fell as much as 1,346.7 yen, or 3.5%, from the previous day's close as players [more]
Hong Kong’s Jebsen Capital eyes more M&A opportunities in 2024 to drive inorganic growth
Victor Liu, managing director of Jebsen Capital. Image courtesy of Jebsen Capital. Jebsen Capital, the growth equity investment team of Hong Kong-headquartered Jebsen Group — [more]
Japan’s Sakura Internet snags $130m of Nvidia’s next-gen chip
Japan's Sakura Internet, like many companies around the world, is keen to use Nvidia's latest AI chips. (Nikkei montage /Photo by Reuters )RYOHTAROH SATOH, Nikkei staff [more]
SK Hynix partners with TSMC to develop advanced AI chips
SK Hynix's announcement that it is partnering with TSMC comes as global chipmakers are racing to take advantage of the AI boom. (Nikkei montage/Source photos by [more]
Asian stock markets fall as concern over Middle East spurs selling
TOKYO -- Japan's benchmark Nikkei Stock Average on Friday morning fell as much as 1,346.7 yen, or 3.5%, from the previous day's close as players [more]
US firms facilitated investments into blacklisted Chinese companies, says House probe
U.S. financial firms facilitated investments worth billions of dollars in index funds that included blacklisted Chinese companies, according to a bipartisan House Committee investigation that [more]
China EVs: Li Auto takes on Tesla’s Model Y by pricing L6 SUV deliberately lower
Li Auto takes on Tesla’s Model Y by pricing new L6 SUV deliberately lower as cutthroat discounts persist in ChinaLi Auto, one of Tesla’s closest [more]
US Congress moves ahead on bill to push TikTok’s Chinese owner to sell
An effort to force TikTok’s Chinese owner, ByteDance, to sell the social media app or face a ban in the U.S. was gaining steam in [more]
Hong Kong stocks tumble as Middle East conflict reports batter sentiment
Hong Kong stocks log worst week in three months as Middle East conflict reports batter sentiment, investors seek havensHong Kong stocks tumbled to register the [more]
Google consolidates teams with aim to create AI products faster
Alphabet chief executive Sundar Pichai announced changes to Google’s workplace teams structure, saying the moves will help the company develop artificial intelligence (AI) products and [more]
Nikkei Stock Average dives 1,300 as concern over Middle East spurs selling
TOKYO -- Japan's benchmark Nikkei Stock Average on Friday morning fell as much as 1,346.7 yen, or 3.5%, from the previous day's close as players [more]