Asia

06 Apr CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

Posted at 10:38h in Asia

CK Asset’s Blue Coast project in Wong Chuk Hang, one of Hong Kong’s biggest residential launches this year, was snapped up by eager homebuyers rushing to take advantage of attractive discounts after the easing of the city’s property curbs.Around 200 units, or about 47 per...

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06 Apr A new normal: are the wild days of Hong Kong’s housing market a thing of the past?

Posted at 02:00h in Asia

“I have already got a house under my name that I live in, but I didn’t think of buying a second one for investment until now because of the 15 per cent ad valorem stamp duty,” the 36-year-old permanent resident said. 13:00How Hong Kong's housing market...

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05 Apr Google slaps Chinese developers with lawsuit in New York for conducting ‘pig-butchering’ scams via its Play Store

Posted at 14:30h in Asia

The fraudulent apps ran by the two Chinese developers “affected consumers across the globe” and resulted in “substantial financial losses” to Google users, the US tech giant said in its lawsuit. 06:18‘It’s scary’: Asian cryptocurrency scams bilk tens of thousands of ‘brainwashed’ victims‘It’s scary’: Asian cryptocurrency...

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05 Apr TikTok owner ByteDance stays hands-off as video app faces US ban, leaving local team to become more aggressive

Posted at 13:00h in Asia

The Chinese parent of TikTok has kept a safe distance from the troubles facing its short video app in the US, leaving the response to the local team and Singaporean CEO Chew Shou Zi as they face a possible legal battle against a forced sale...

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05 Apr Lived-in home deals in Shanghai hit 20-month high in March, but agent says bull run may be ‘short-lived’ amid economic concerns

Posted at 12:48h in Asia

Transactions involving lived-in homes in Shanghai shot up in March as owners offered discounts to bargain hunters, but the outlook for the city’s housing market remains cloudy due to concerns about a bleak mainland Chinese economy.The number of transactions hit a 20-month high, and a...

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05 Apr Opinion | Why world cannot rely on tech giants to solve its problems

Posted at 12:30h in Asia

The Kennedy-era guru on capitalism John Kenneth Galbraith presciently proclaimed in his 1967 book, The New Industrial State, that “the imperatives of technology and organisation, not the images of ideology, are what determine the shape of economic society”.According to the World Inequality Report 2022 stated,...

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05 Apr Chinese firms lag behind US peers in AI development ‘by two years’, Alibaba chairman Joe Tsai says

Posted at 11:30h in Asia

“China is somewhat behind, obviously,” Tsai said, citing how ChatGPT creator OpenAI has leapfrogged the rest of the tech industry in AI innovation, in a podcast interview published on Wednesday with Nicolai Tangen, chief executive of Norges Bank Investment Management – the branch of Norway’s...

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05 Apr Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

Posted at 09:40h in Asia

“Direct and indirect government support is leading to capacity significantly exceeding China’s domestic demand, as well as what the global market can bear,” Yellen said at an American Chamber of Commerce in China event on Friday.“Overcapacity can lead to large volumes of exports at depressed...

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05 Apr Carbon finance: why deals to fund nature-based climate mitigation and adaptation no longer count on carbon credits

Posted at 08:16h in Asia

Financiers of nature-based projects that seek to reduce and capture carbon emissions while also enhancing developing nations’ resilience against climate change are focusing on investments that are viable even without carbon-credit revenues, according to Hong Kong-based capital providers.Such projects appeal to more mainstream investors after...

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05 Apr Cambridge Associates looks to help investors tap into Asia’s growing potential for building wealth

Posted at 06:00h in Asia

Disclaimer: Discretionary portfolio management services, also known as Outsourced Chief Investment Officer (OCIO), are not available in Hong Kong and are only available in locations where Cambridge Associates is licensed to provide such services.Cambridge Associates, the US-headquartered global investment firm, has built its reputation by...

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