China Tag

10 Apr Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce

Posted at 02:34h in Asia

Alibaba Group Holding has fundamentally changed its corporate culture to put customers first in its adaptation of technology, its co-founder Jack Ma wrote, as he stepped into a social media hubbub over the hubris that caused what was once the world’s largest e-commerce platform to...

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09 Apr Blizzard Entertainment and NetEase to renew partnership this week, bringing games like World of Warcraft back to China

Posted at 13:00h in Asia

Blizzard Entertainment, the video game giant behind of World of Warcraft, and long-time Chinese partner NetEase are expected to announce a new deal this week that will allow for a highly anticipated comeback to the country.The two companies are expected to announce on Wednesday that...

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09 Apr Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

Posted at 12:00h in Asia

The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, founder of financial media company Bloomberg and former New York City mayor, on Tuesday. He will also address local business and financial leaders.Hui will also join a round-table discussion on Tuesday regarding Hong...

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09 Apr HSBC summit: Hong Kong’s financial ecosystem is robust, resilient and unwavering, HKMA’s Eddie Yue and SFC’s Julia Leung say

Posted at 10:30h in Asia

“You may still hear noises or perceptions … [that] Hong Kong’s growth as a financial centre is fading,” Yue said. “But if you look at the numbers, they paint for you a very different story.“Look at the facts. Hong Kong’s ecosystem is robust.”More than 2,500...

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09 Apr L’Occitane shares halted in Hong Kong as Blackstone said to prepare funds for privatisation bid

Posted at 08:04h in Asia

L’Occitane International’s billionaire owner Reinold Geiger and Blackstone are nearing a deal to take the skincare company private, potentially ending its 14-year of trading on Hong Kong’s stock exchange, people familiar with the matter said.Blackstone, the world’s largest alternative asset manager, may provide debt financing...

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09 Apr xFusion Technologies International Co., Ltd. leverages its world-leading expertise in computing infrastructures and green solutions to optimise clients’ digital transformation

Posted at 07:52h in Asia

[The content of this article has been produced by our advertising partner.]The digital age has seen a rapid shift in productivity, moving from general to intelligent computing. This shift is essentially an evolution of computing. The emergence of ChatGPT in 2023 and Sora in early...

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09 Apr China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

Posted at 03:00h in Asia

The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, the central bank said in an online statement.“[The loans] will guide financial institutions to provide...

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09 Apr Swire Properties to close The Opposite House in Beijing, group’s first hotel, as it eyes redevelopment to retail property

Posted at 02:38h in Asia

Swire Properties is shutting down the group’s first ever hotel, The Opposite House in Beijing, after 16 years to make way for an “innovative retail landmark”, according to a spokesman.Located in the upmarket Taikoo Li Sanlitun (TLS) area in the Chinese capital, the 99-room hotel,...

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09 Apr New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

Posted at 01:39h in Asia

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to Moody’s Investors Service.The projection suggests a steady and continuous gain over the next six years...

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08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

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