Author: admin

14 Apr Philippines’ Hotel101, founded by Jollibee owner, eyes million-room, 100-country milestones while standardising rooms with dynamic pricing

Posted at 02:00h in Asia

“The listing in Nasdaq will elevate the brand in a totally different way, globally,” said Yulo-Luccini. “And as we build more hotels, the more recognised the brand will be, the bigger the ecosystem and more beneficial to all the stakeholders.”Hannah Yulo-Luccini, Hotel101 chief executive officer....

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14 Apr Tech war: China pushes forward self-reliance campaign amid unrelenting US sanctions

Posted at 02:00h in Asia

They include chip design companies Loongson Technology and Sophgo Technologies, cloud computing and server vendor Inspur Group, Huawei Technologies’ big-data solutions unit Kunpeng, cybersecurity solutions start-up KML Technology Group and operating system specialist UnioTech Software.Tongming Lake IT City covers an area bigger than 500 football...

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14 Apr China’s gold markets under strain as horde of new buyers hunts for stable investment

Posted at 00:00h in Asia

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle...

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13 Apr Opinion | As private credit warnings grow, the fear is that the horse has bolted

Posted at 21:30h in Asia

Private credit has since grown to around US$2 trillion, according to the IMF, which is raising a red flag over the sector. While this is small relative to the size of the financial system, private credit has the potential to suck much larger chunks of...

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13 Apr Generative AI takes centre stage at twin Hong Kong tech fairs, as government-backed research centre debuts

Posted at 13:15h in Asia

The projects are based on the centre’s “independently trained” large language model, which supports both Chinese and English languages, according to the exhibitor.It is Hong Kong’s first locally developed foundation model, signifying “a breakthrough in AI innovation”, said Guo Yike, Hong Kong University of Science...

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13 Apr Tech war: US sanctions on key Nvidia distributor in China could push more customers towards domestic replacements

Posted at 11:30h in Asia

Chinese companies have lost access to one of the country’s largest distribution channels for Nvidia processors after the US added a major reseller to its export blacklist, strengthening Washington’s efforts to curb artificial intelligence (AI) development in China while pushing more Chinese businesses towards local...

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13 Apr Situation in east Ukraine has ‘significantly worsened’: army commander

Posted at 10:36h in Europe

Colonel General Oleksandr Syrskyi, commander-in-chief of Ukraine's armed forces.Valentyn Ogirenko | ReutersUkraine's top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply."The situation on the...

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13 Apr CK Asset launches second batch of Blue Coast project to warm reception as home-buying curbs ease

Posted at 09:00h in Asia

Among them, one family offered to snap up five flats, while another prospective buyer offered HK$120 million for six flats, sales agents said.Blue Coast, part of CK Asset’s The Southside development, is a joint project with the MTR situated above the Wong Chuk Hang station....

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13 Apr Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

Posted at 02:00h in Asia

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions on whether it can recapture its former glory while dealing with China’s economic slowdown, regulatory...

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13 Apr Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump

Posted at 01:00h in Asia

Deutsche Bank is sharpening its focus on China business to capitalise on gaps created by the withdrawal of its investment banking rivals, betting on the world’s second largest economy to build on its post-Covid recovery momentum, according to top Asia-Pacific boss.The bank, which first set...

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