Not content with unseating Tesla as the world’s top-selling electric-vehicle maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war.The Shenzhen-based carmaker...
Hong Kong can deepen its electric vehicle (EV) testing and certification expertise by leveraging its status as an international city to help launch more Chinese-made EVs to the world, said Chan Ching-chuen, Hong Kong’s first academician at the Chinese Academy of Engineering (CAE).“Hong Kong’s biggest...
Caution prevailed among Hong Kong investors as stocks traded in narrow ranges ahead of earnings announcements this week from nearly a third of the companies that comprise the 82-member benchmark.The Hang Seng Index rose less than 0.1 per cent to 16,503.12 as of 10.02am local...
Hong Kong developer Wang On Properties is seeking to step up investment in new projects to stay ahead of an expected upturn in the local market as the city’s government loosened curbs, with borrowing costs projected to decline in the months ahead.The firm is making...
With electricity the biggest expense, mining companies including publicly traded giants Marathon Digital Holdings and Riot Platforms need to lower usage costs to maintain a positive margin. Their older computers may still bring a profit, just not likely in the US.Cryptocurrency mining machines in a...
Hong Kong’s hospitality sector is likely to face more challenges ahead as tourist arrivals struggle to return to pre-pandemic levels, delaying a recovery in occupancy and tourism spending, according to Hong Kong and Shanghai Hotels (HSH), which owns The Peninsula hotels.“International travellers from the US...
China’s ultra rich are flocking to Hong Kong as it reaffirms its position as a wealth management and family office hub for Asia, offering significant private banking opportunities, according to top executives at Citigroup.Half of the family offices served by the banking giant are going...
“2023 was a very turbulent year in the Asia-Pacific private equity market as it was in the European and North American markets as well,” Lachlan McMurdo, co-author of the report, said in an interview. Investors remained “especially cautious” about buying companies in mainland China, Hong...
Apple chief executive Tim Cook lauded the “huge contribution” that Chinese suppliers have made to the iPhone maker’s carbon-neutral goals, at a high-profile summit hosted by the Chinese government and attended by Premier Li Qiang.At the China Development Forum, which kicked off in Beijing on...
Growing up, Marita Cheng has been fascinated with technology, particularly robots. So when the Australian engineer with Hong Kong roots turned 24 in 2013, she founded Aubot, a robotics company that aims to create products that help people with their daily lives.Today, Aubot’s flagship product...