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Beijing

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

by Ron Morgan
As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases, S&P Global Ratings said in a report on Tuesday – …

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Hong Kong Palace Museum to host exhibition on origins of Chinese civilisation

by Haddis Thomas
Hong Kong Palace Museum to host exhibition on origins of Chinese civilisation

The museum said on Wednesday that nearly all of the pieces in the exhibition, titled “Bank of China (Hong Kong) Presents: The Origins of Chinese Civilisation”, will be shown in …

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ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

by Anas Siddiqui
ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT, which had 19.81 million in the same period, according to …

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China’s first AAA game Black Myth: Wukong tops Cyberpunk 2077, Elden Ring for Steam players

by Haddis Thomas
China’s first AAA game Black Myth: Wukong tops Cyberpunk 2077, Elden Ring for Steam players

Black Myth: Wukong, China’s first AAA video game, has broken the record to become the most-played title of its kind on its first day of release on the digital games …

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Luxury properties defy China’s slumping home sales as big-city buyers splash out

by Anas Siddiqui
Luxury properties defy China’s slumping home sales as big-city buyers splash out

China’s premium property market is in the midst of a recovery despite the gloomy mass market, as two luxury projects in Shanghai sold out soon after they were launched over …

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Robo adviser Syfe raises US$27 million from funds, family offices for Hong Kong expansion

by Anas Siddiqui
Robo adviser Syfe raises US million from funds, family offices for Hong Kong expansion

“In Hong Kong, 55 per cent of adults are in the mass affluent category, typically defined as investible assets between US$100,000 and US$1 million,” he said in a Post interview. …

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BEA unit to hold fintech day in October to promote innovation in Hong Kong

by Anas Siddiqui
BEA unit to hold fintech day in October to promote innovation in Hong Kong

Beast, the fintech collaboration platform of Bank of East Asia (BEA), will organise its first fintech day in October, as part of its efforts to develop a technology ecosystem in …

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China ride-hailing ‘hitchhiker’ takes 1,400km trip costing US$390 then flees without paying

by Ron Morgan
China ride-hailing ‘hitchhiker’ takes 1,400km trip costing US0 then flees without paying

The service allows people to share rides to offset the costs. Liu said his journey started at 6pm on May 22 and finished at 7am the following day. The “hitchhiker” …

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JD.com profit surges in second quarter after slashing prices, installing trade-in programme

by Anas Siddiqui
JD.com profit surges in second quarter after slashing prices, installing trade-in programme

Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan (US$1.7 billion), despite a flattish revenue, as better operational efficiencies …

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Canada’s ‘absurd’ South China Sea play: challenging Beijing or undermining Asean?

by Walter Watson
Canada’s ‘absurd’ South China Sea play: challenging Beijing or undermining Asean?

The stakes are high. About US$5.5 trillion in global trade passes through the South China Sea’s strategic sea lanes each year, including a large portion of Canada’s commercial interests, according …

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