Ant Group eyes AI agent update in Alipay: Bloomberg
Alibaba (9988)-affiliated Ant Group is reportedly testing to introduce the artificial intelligence agent interface to its Alipay App, a move that highlights the intensified competition among China’s tech giants over…
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Ubtech’s hyper-realistic robots see nearly 4,000 pre-orders within 10 days
Ubtech Robotics (9880) attracted nearly 4,000 pre-orders of its full-size U1 companion hyper-bionic humanoid robot within 10 days, garnering more than 10 million yuan (HK$11.6 million) in deposits. The U1…
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One Victoria Cove phase 4 launches 50 units after recording 59 deals in first round sales
Phase 4 of One Victoria Cove in Hung Hom, co-developed by Henderson Land Development (0012), Hysan Development (0014), Empire Group, and the Urban Renewal Authority, rolled out 50 units in…
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La Montagne Phase 4B to sell 75 units on June 18
Phase 4B of La Montagne in Wong Chuk Hang, jointly developed by Kerry Properties (0683), Sino Land (0083), Swire Properties (1972), and MTR Corporation (0066), uploaded a sales arrangement on…
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CK Asset’s 21 Borrett Road phase 2 sells a penthouse for record-high per-sq-ft price
CK Asset’s (1113) Phase 2 of its 21 Borrett Road project in Mid-Levels sold a penthouse by tender for HK$362 million, or HK$124,356 per square foot, setting the record-high per-sq-ft…
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OpenAI hit with multistate probe into possible user harm as its IPO looms
OpenAI received a subpoena from several states as part of a probe into the safety of users of its chatbot as it prepares to offer stock to the public for…
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Amazon voiced concerns about Anthropic AI models before US crackdown, source says
Amazon chief executive Andy Jassy was among tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic’s most advanced AI models, a person…
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SpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut
SpaceX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on…
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S&P, Dow open higher on Mideast deal hopes; SpaceX debut in focus
The benchmark S&P 500 and the blue-chip Dow opened higher on Friday, underpinned by hopes for an imminent Middle East peace deal, while investors geared up for the market debut…
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Smart and Green Mass Transit System in East Kowloon to tender in July
The government announced on Friday that the Chief Executive in Council had approved the financial arrangement for the Smart and Green Mass Transit System (SGMTS) in East Kowloon, planning to…
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Rolex raises gold watch prices again as super-rich buyers are undeterred
Rolex raised the global price of its gold watches by an average 5 percent this month, adding a rare second annual increase to its main markets including Britain, Hong Kong…
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Billionaire Wang Yusuo’s US$11.6 billion ENN Energy takeover fails on regulatory delays
Chinese billionaire Wang Yusuo’s plan to take full control of ENN Energy through top shareholder ENN Natural Gas collapsed on Friday, scuttling a deal that valued the Hong Kong-listed firm…
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Hong Kong signs double taxation avoidance agreement with Cyprus
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu on Friday signed on behalf of the Hong Kong Special Administrative Region Government a comprehensive avoidance of double taxation agreement…
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China’s May new loans rise to 520 billion yuan, below expectations
China’s new yuan loans rose to 520 billion yuan (HK$602.6 billion) in May, recovering from a 10 billion yuan contraction in April but missing analysts’ forecast, according to Reuters calculations…
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Hang Seng HK-US TECH Index to add SpaceX
Hang Seng Indexes Company said on Friday that the Hang Seng HK-US TECH Index will be updated by adding SpaceX to the designated US-listed constituent list, as the rocket and…
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U.S. bank regulators ramp up scrutiny of AI use at financial companies
US banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance…
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SpaceX leveraged fund providers hit by day-one launch setback, sources say
Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until Monday, four sources familiar with…
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ECB keeping its options open for July, Nagel says
The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge…
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Hong Kong shares close higher on Friday, Chow Tai Fook surges 15pc
Hong Kong stocks closed higher on Friday, ending seven consecutive trading days of decline. The benchmark Hang Seng Index jumped 468 points, or 1.93 percent, to 24,718 points, with a…
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China’s EngineAI and Dreame Technology eye Hong Kong IPOs, Bloomberg reports
Two Chinese tech firms are considering going public in Hong Kong amid the booming local initial public offering market, Bloomberg reported on Friday. China’s robotic startup EngineAI, which is valued…
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China asks big banks to curb interbank lending to ease cash glut, Bloomberg News reports
China told big state-owned banks to reduce their lending in the interbank market in an effort to prevent borrowing costs from drifting too far below the policy interest rate, Bloomberg…
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Banks curb hedge fund bets on SK Hynix and Samsung, Bloomberg News reports
Global banks are tightening restrictions on hedge funds’ leveraged bets in Asia’s leading chipmakers including SK Hynix and Samsung Electronics following a blistering rally this year, Bloomberg News reported on…
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Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
Nvidia has told Chinese clients that its new “Vera” central processors for AI data centres could be available as soon as August and that they can begin placing orders, three…
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China warns of risk of ‘extreme floods’ in desert regions
China warned communities in its northwestern Xinjiang and nearby regions on Friday to prepare for “extreme floods” this summer, driven by abnormally high temperatures, heavy rainfall, and rapid glacier melt.…
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Alibaba offers US$1.5b bid for grocery delivery platform Pupu: Bloomberg
Alibaba (9988) plans to acquire grocery delivery platform Pupu for US$1.5 billIon (HK$11.7 billion), representing more than double the amount compared to an earlier bid from Sun Art Retail (6808),…
Keep readingTwo Chinese firms kick off bookbuilding for HK IPO, aiming to raise HK$2.45b
Two Chinese companies kicked off bookbuilding for an initial public offering in Hong Kong on Friday, aiming to raise a total of HK$2.45 billion. Biotech firm HJ Science plans to…
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China’s WuXi sues US over allegations it supports Beijing’s military
A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the US Department of Defense has linked to that…
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Musk’s SpaceX prices record US$75 billion IPO at US$135 a share
SpaceX on Thursday priced the biggest-ever US initial public offering at US$135 (HK$1,057.99) per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies. The…
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Hong Kong shares rise at open
Hong Kong stocks opened higher on Friday due to the easing geopolitical tensions. The benchmark Hang Seng Index rose 252 points, or 1.04 percent, to 24,501. The tech gauge went…
Keep readingWall Street indexes jump, Trump says strikes against Iran canceled
U.S. stocks ended sharply higher on Thursday, with indexes extending gains after U.S. President Donald Trump said he canceled planned strikes against Iran, and on the eve of the market…
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