9 d. ago Alibaba to lead AI capital spending among Chinese firms amid strong demand

E-commerce giant Alibaba Group Holding expects to stay ahead of its Chinese Big Tech peers in artificial intelligence-related capital expenditure, as the firm’s AI and cloud computing unit posted its fourth consecutive quarter of double-digit revenue growth. Alibaba Cloud on Tuesday reported a 34 per cent year-on-year revenue growth to 39.8 billion yuan (US$5.6 billion) in the three months ended September 30, as the Hangzhou-based parent’s overall revenue in its financial second quarter reached...

Economics

2 w. ago Foodpanda feasts on 20% growth, aims to boost Hong Kong market position in 2026

Foodpanda aims to bolster its position in the Hong Kong market in the first half of next year, following a 20 per cent rise in both the number of orders placed and the amount customers spent during the first 10 months of this year. The on-demand food and grocery delivery platform on Wednesday also said that the sector’s prospects were strong, asserting that the city offered ample room for further growth. Ryan Lai Wai-yan, CEO of Foodpanda Hong Kong, said the company achieved a 20 per cent growth...

Politics

2 w. ago China smartphone market sees 8% growth in October, iPhone 17 leads surge

China smartphone market sees 8% growth in October, iPhone 17 leads surge  Investing.com

Politics

2 w. ago Hong Kong set for further economic growth after robust quarter, city leader says

Hong Kong’s economy is expected to continue growing after a strong performance in the previous quarter, supported by the global economic environment, a vibrant financial market and an interest rate cut, the city’s leader has said. Chief Executive John Lee Ka-chiu said on Tuesday that a persistent rise in exports and sustained expansion in domestic demand had contributed to the city’s “robust” economic performance in the third quarter, despite turbulence in the global economy, which recorded a...

Politics

3 w. ago Chinese vehicle exports soar in 2025 with Mexico leading the market

Chinese vehicle exports soar in 2025 with Mexico leading the market  Automotive Logistics

Politics

3 w. ago Hong Kong renews contract for top market regulator Julia Leung

The Hong Kong government has renewed the contract of Julia Leung Fung-yee as CEO of the Securities and Futures Commission (SFC) to ensure consistent leadership while the market regulator carries out a raft of in-progress reforms. Confirming the Post’s report in October, the government said on Friday that Leung would stay in her job until at least December 31, 2027. A former journalist at The Asian Wall Street Journal, Leung started her term as the first female head of the SFC in January 2023....

Politics

3 w. ago Big Tech firms bet big on AI glasses, as Ant offers iris authentication

Chinese technology companies are stepping up their push into the smart-glasses market with new software and hardware innovations, intensifying competition to lead in the next generation of artificial intelligence-driven devices. Ant International, the overseas arm of Chinese fintech giant Ant Group, on Wednesday unveiled what it described as the world’s first iris-authentication technology for payments via smart glasses. Chinese electronics makers Xiaomi and Meizu will be the first to offer the...

Politics

3 w. ago Xpeng touts driverless cars, Volkswagen eyes making chips in China: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Chinese EV maker BYD’s sales surge in Europe, narrowing gap with Tesla Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. 2. Nexperia saga sees...

Transport

4 w. ago Amid fragile markets, how to predict when the bubble will burst?

Economist Paul Samuelson famously quipped that stock markets accurately predicted nine of the last five recessions. The same could be said of financial economists. So-called leading indicators like market sentiment swing with the daily news. Optimism is the default option but bull markets die hard. Still, most seasoned financial economists now recognise that stock markets are becoming more fragile. And so does the crowd. The frequency of online searches for “stock market bubble” has surged since...

Politics

4 w. ago As markets grow more fragile, matter of time before the bubble bursts

Economist Paul Samuelson famously quipped that stock markets accurately predicted nine of the last five recessions. The same could be said of financial economists. So-called leading indicators like market sentiment swing with the daily news. Optimism is the default option but bull markets die hard. Still, most seasoned financial economists now recognise that stock markets are becoming more fragile. And so does the crowd. The frequency of online searches for “stock market bubble” has surged since...

Politics

4 w. ago China’s Robotaxi Leaders Face Market Reality in HK | The China Show 11/6/2025

China’s Robotaxi Leaders Face Market Reality in HK | The China Show 11/6/2025  Bloomberg.com

Politics