Why debt-shy Chinese consumers may snub loan subsidy scheme
As China rolls out subsidies for personal consumer loans, covering part of the interest costs, Beijing’s latest effort to spur spending is likely to be tested by a deeply ingrained…
As China rolls out subsidies for personal consumer loans, covering part of the interest costs, Beijing’s latest effort to spur spending is likely to be tested by a deeply ingrained…
China’s leading artificial intelligence start-up, DeepSeek, finds itself at the centre of speculation about the release of its next-generation R2 reasoning model, following OpenAI’s launch of its GPT-5 model last…
Alibaba Group Holding’s international commerce arm on Thursday released an artificial intelligence agent to help merchants source products and supplies, a development that could change the way online business is…
Chinese tech giant Xiaomi became the largest smartphone vendor in Southeast Asia for the first time in four years on the back of strong second quarter sales of its budget…
Antigravity, a drone brand incubated by China’s leading full-degree camera manufacturer Insta360, on Thursday unveiled its first product – the Antigravity A1 featuring a built-in 8K 360-degree camera and pilot…
Chinese chip equipment maker Beijing E-Town Semiconductor Technology has slapped US rival Applied Materials with a lawsuit over a trade secret infringement, demanding 99.99 million yuan (US$14 million) as compensation.…
CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income…
Profit for the January to June period came in at 9.3 billion yuan (US$1.3 billion) versus 10.8 billion yuan a year earlier based on international accounting standards, according to a…
CK Hutchison Holdings, the Hong Kong-listed conglomerate controlled by billionaire Li Ka-shing, posted a 92 per cent plunge in its interim profits, as various one-off costs amounting to HK$10.47 billion…
The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions…