IDG Capital works to rebut US claims over China military ties
IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.
Semiconductor giant TSMC to build second plant in Japan with new investor Toyota
TSMC’s second chip fabrication plant in Japan marks a major victory for Prime Minister Fumio Shikida, as his government seeks to boost domestic production of integrated circuits.
TSMC’s second chip fabrication plant in Japan marks a major victory for Prime Minister Fumio Shikida, as his government seeks to boost domestic production of integrated circuits.
Huawei tablet shipments rise in 2023, bucking global decline
The boost in shipments lifted Huawei to third place in the last three months of the year, behind Apple and Samsung Electronics.
The boost in shipments lifted Huawei to third place in the last three months of the year, behind Apple and Samsung Electronics.
Hong Kong’s Cheng family seeks to oust Giordano CEO after failed buyout
The family of Henry Cheng, Hong Kong’s third-richest person, wants to replace CEO Peter Lau with Colin Currie and also appoint two of Henry’s children, Sonia and Christopher, as non-executive directors.
The family of Henry Cheng, Hong Kong’s third-richest person, wants to replace CEO Peter Lau with Colin Currie and also appoint two of Henry’s children, Sonia and Christopher, as non-executive directors.
Hong Kong savings safety net to expand by 60% to protect US$102,270
The change will put the city’s protection level in line with the UK and Germany and higher than mainland China and Singapore, but still lower than the United States.
The change will put the city’s protection level in line with the UK and Germany and higher than mainland China and Singapore, but still lower than the United States.
Opinion
The likely impact of the US lender’s collapse is that China’s tech elite will look to banks in Hong Kong, Singapore and even Europe.
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Apple gets angry calls from Vision Pro owners who forgot passcode
Unlike with other Apple products, users cannot reset the passcode of their headset without sending it back to the store.
Tech industry cuts 32,000 jobs in 2024, but aggressively hiring in AI
Although economic factors are the main reason for tech lay-offs, firms are also shifting resources to focus on AI talent.
Although economic factors are the main reason for tech lay-offs, firms are also shifting resources to focus on AI talent.
Hong Kong church Island ECC acquires floors in building home to Sunbeam Theatre
The church has secured several floors at the property at 413-423 King’s Road as its ‘future permanent home in Hong Kong’, it said in a statement on its website.
The church has secured several floors at the property at 413-423 King’s Road as its ‘future permanent home in Hong Kong’, it said in a statement on its website.
China steps up carbon emissions trading regulation, data fabrication crackdown
The State Council has released an interim regulation that strengthens state control and cracks down on emissions data fabrication, to be effective from May 1.
The State Council has released an interim regulation that strengthens state control and cracks down on emissions data fabrication, to be effective from May 1.
Alibaba’s DingTalk among Chinese apps launching on Apple Vision Pro
The visionOS version of DingTalk supports special features available only on Apple’s new device, including realistic avatars known as Persona.
The visionOS version of DingTalk supports special features available only on Apple’s new device, including realistic avatars known as Persona.
Hong Kong’s MTR Lab funds real estate tech to support city’s carbon ambitions
MTR Lab, a subsidiary of Hong Kong’s railway operator that invests in technology, is eyeing opportunities in property and construction innovations that are focused on sustainability and environmental, social and governance (ESG) factors, as it hopes to help the city reach carbon neutrality by 2050.
MTR Lab, a subsidiary of Hong Kong’s railway operator that invests in technology, is eyeing opportunities in property and construction innovations that are focused on sustainability and environmental, social and governance (ESG) factors, as it hopes to help the city reach carbon neutrality by 2050.
China property: Sunac, Country Garden projects added to ‘whitelists’
Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in ‘whitelists’, a mechanism that qualifies their projects for financial support from banks.
Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in ‘whitelists’, a mechanism that qualifies their projects for financial support from banks.
Office landlord-operator partnerships ‘may end traditional lease business’
More office landlords and flexible work space operators are likely to form partnerships that will do away with the traditional lease business that has been ‘catastrophic’ for the industry, according to the founder of The Work Project.
More office landlords and flexible work space operators are likely to form partnerships that will do away with the traditional lease business that has been ‘catastrophic’ for the industry, according to the founder of The Work Project.
Appotronics, BYD supplier of laser display tech, looks to boost production
A new facility focusing automotive optics business will begin production at the end of 2024, the Shenzhen-based company says.
A new facility focusing automotive optics business will begin production at the end of 2024, the Shenzhen-based company says.
Chinese consumers unimpressed by Samsung phones powered by Baidu AI
Some people have expressed concerns that the Baidu search features on the Galaxy S24 series are not as good as Google’s version.
Some people have expressed concerns that the Baidu search features on the Galaxy S24 series are not as good as Google’s version.
Meta’s annual sales boosted by Chinese brands seeking global exposure
Social network giant Meta Platforms has seen its China-related revenue grow steadily due to strong traction from mainland-based advertisers, as Chinese brands vie for consumers in foreign markets.
Social network giant Meta Platforms has seen its China-related revenue grow steadily due to strong traction from mainland-based advertisers, as Chinese brands vie for consumers in foreign markets.
Nvidia chief sees rise of ‘sovereign AI’ infrastructure across nations
Such a national approach to the artificial intelligence boom stands to drive an expansion of data centres that would need Nvidia’s know-how and hardware.
Such a national approach to the artificial intelligence boom stands to drive an expansion of data centres that would need Nvidia’s know-how and hardware.
Bao Fan resigns from China Renaissance Holdings
An exchange filing cites ‘health reasons’ and the desire to ‘spend more time with family’ as reasons for the resignation, which follows Bao’s February 2023 disappearance as part of an unspecified investigation by Chinese authorities.
An exchange filing cites ‘health reasons’ and the desire to ‘spend more time with family’ as reasons for the resignation, which follows Bao’s February 2023 disappearance as part of an unspecified investigation by Chinese authorities.
ICBC chairman resigns as Chinese banks’ leadership changes mount
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
Evergrande unit Fengtao’s assets go unsold at auction for a third time in weeks
No bids were received for Fengtao’s ‘other account receivables’ at the end of the 24-hour deadline on Friday morning, according to auction platform Jingdong Paimai.
No bids were received for Fengtao’s ‘other account receivables’ at the end of the 24-hour deadline on Friday morning, according to auction platform Jingdong Paimai.
