The HKMA will also develop common standards by forming an “architecture community”, which has already attracted interest from some of the largest banks and technology companies, such as HSBC, Standard Chartered, Bank of China (Hong Kong), Ant Group, Microsoft and Hashkey Group.Here are some of...
The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan of such batteries of about eight years, which could help EV users save tens of thousands of yuan, they said.“Battery safety,...
LightSpeed Studios, one of Tencent’s key gaming units and the maker of popular title PUBG Mobile, has absorbed a project in Shenzhen previously owned by ByteDance’s Gravity Studio and an open-world project belonging to ByteDance’s Jiangnan Studio in Hangzhou, according to people familiar with the...
“Building on the success and experience of phase 1, the next phase will delve deeper [to explore] where an e-HKD could add unique value, namely programmability, tokenisation and atomic settlement,” the HKMA said in a press release on Thursday. Atomic settlement refers to instant payments.In...
Apple may face some trademark and marketing issues in China with its mixed-reality Vision Pro headset given that Huawei Technologies registered the name three years ago on the mainland, according to local media reports and public trademark records.Shenzhen-based Huawei trademarked “Vision Pro” in China in...
Hong Kong developer Wheelock Properties has priced a first batch of 130 units at its Seasons Place residential project in Tseung Kwan O at a five-year low for the district.The project, which is the first of a three-phase residential development in Lohas Park Phase 12,...
Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha.That investment was made “in hopes of utilising the...
One of China’s biggest pharmaceutical producers will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.Fosun Pharma said its subsidiaries, namely Fuxin Shenyao, Fosun...
The local government in Hangzhou, the capital of eastern Zhejiang province, has taken another drastic move to ease home-purchase restrictions in the city, after an effort last year failed to rejuvenate the housing market.The city, home to China’s tech leaders including e-commerce platform operator Alibaba...
Nearly half these gains have occurred since the beginning of this year. On January 10, the United States Securities and Exchange Commission (SEC) provided a major fillip to cryptoland by approving applications by a dozen or so firms, including Wall Street giants such as BlackRock...