Business /

Companies

Related Topics:
Banking & finance
Automotive industry
Industrials
Luxury & Gaming
Transport and logistics
Mike Cai Wensheng of Meitu. Photo: Felix Wong
Hong Kong property

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

Meitu founder invests US$84 million in Hong Kong property to create a crypto/AI start-up hub.

Apple

Apple sales in China dip as US tariffs add to headache

E-commerce

Temu embraces local US sellers as Trump plugs ‘de minimis’ loophole

Standard Chartered Bank

Standard Chartered beats forecasts with 13% gain in first-quarter profit

Net profit rose to US$1.59 billion, driven by ‘double-digit income growth in wealth solutions, global markets and global banking’, CEO says.

videocam
Standard Chartered Bank Building in Hong Kong’s Central district. Photo: Eugene Lee
Standard Chartered Bank Building in Hong Kong’s Central district. Photo: Eugene Lee
Video gaming

Xbox joins PlayStation in raising console prices amid US tariffs

Hefty levies imposed by Trump on manufacturing hubs such as Japan, China and Vietnam have led to a surge in console prices.

Apple

Apple expects US$900 million tariff hit as it shifts US iPhone supply to India

Vietnam will be the country of origin for most iPad, Mac, Apple Watch and AirPod products sold in the US, CEO Tim Cook says.

videocam
Advertisement
Advertisement
Advertisement
Artificial intelligence

Nvidia raises concerns about Huawei’s growing AI chip capabilities

US export restrictions on Nvidia’s chips to China could make Huawei’s chips more competitive, CEO Jensen Huang says.

6
Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP
Nvidia president and CEO Jensen Huang speaks at a forum in Washington on Wednesday. Photo: Getty Images via AFP
Banking & finance

Mark Tucker, HSBC chairman, plans to retire before the end of 2025

HSBC’s Mark Tucker will retire after nearly eight years as chairman, though he will stay on as an adviser to the global bank.

Electric & new energy vehicles

Chinese EV industry pits battery swapping technology against ultra-fast charging

The duelling technologies are aimed at soothing consumer anxiety about driving ranges.

Banking & finance

BlackRock-backed Suez taps HSBC to review China assets

A transaction could value the China water business at more than US$1 billion, sources say.

The BlackRock logo is pictured outside its headquarters in New York City. Photo: Reuters
TikTok

TikTok confirms plans to build €1 billion data centre in Finland

Nordic countries have become attractive destinations for data centres as the colder temperatures reduce energy costs.

The TikTok logo is seen outside the company’s Los Angeles offices. Photo: AFP
The TikTok logo is seen outside the company’s Los Angeles offices. Photo: AFP
Artificial intelligence

Google hopes to strike deal with Apple to use Gemini AI on iPhones

A potential deal this year will see Gemini AI included within Apple Intelligence, Google CEO Sundar Pichai says.

Semiconductors

Nvidia CEO urges Trump to change rules for AI chip exports

Jensen Huang also cautions that China is growing into a formidable rival in technology, singling out Huawei.

Electric & new energy vehicles

Global carmakers ‘go local’ in China to claw back EV market share

More than a dozen new EV models from foreign giants at Auto Shanghai feature the latest Chinese technologies in battery, digital cockpit and self-driving.

videocam
Nio’s ET9 electric car on display on the first day of the Shanghai Auto show. Photo: EPA-EFE
Banking & finance

Chinese toymaker Pop Mart launches new pop culture magazine called Playground

Pop Mart’s new magazine, Playground, explores social connections and seeks to unlock opportunities for its intellectual properties.

Pop Mart’s new Playground magazine. Photo: Handout
Pop Mart’s new Playground magazine. Photo: Handout
US-China tech war

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

TSMC

TSMC triples down on Arizona with construction on new US plant ahead of tariffs

The world’s most advanced chipmaker announced the third phase of its US expansion the same day Commerce Secretary Howard Lutnick toured the site.

Advertisement
Advertisement
Advertisement
HKEX

HKEX posts record quarterly profit amid trading boom, new stock listings

HKEX’s first-quarter profit of HK$4.08 billion (US$526 million) exceeds analysts’ estimate of HK$3.99 billion.

videocam
Hong Kong Exchanges and Clearing operates Asia’s third-largest stock market. Photo: Jonathan Wong
Hong Kong Exchanges and Clearing operates Asia’s third-largest stock market. Photo: Jonathan Wong
Mergers & Acquisitions

Japan’s carmakers under pressure to merge as Chinese rivals rise, tariffs bite

The consolidation could be Japan-specific as carmakers elsewhere have already been through that cycle, Man Group’s Stephen Harget says.

videocam
China property

Vanke’s quarterly loss deepens to US$860 million despite state support

The loss stemmed mainly from declines in home settlements and gross margins, Vanke said.

videocam
Hong Kong stock market

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

Hong Kong shares fell on Wednesday after China reported poor manufacturing data for April. Photo: Jelly Tse
Artificial intelligence

Elon Musk teases Grok 3.5 hours after Alibaba’s Qwen3 generates buzz

Musk said the latest version of xAI’s Grok model can answer technical questions about rocket engines and electrochemistry.

videocam
Elon Musk said the latest version of xAI’s Grok model can answer technical questions about rocket engines and electrochemistry. Photo: Reuters
Elon Musk said the latest version of xAI’s Grok model can answer technical questions about rocket engines and electrochemistry. Photo: Reuters
Artificial intelligence

Pony.ai partners with Tencent to provide robotaxi services on WeChat

With access to more than a billion users on Tencent’s platforms, Pony.ai is set to significantly boost its revenue potential.

China Evergrande Group

Evergrande chairman Hui Ka-yan refuses to disclose assets, liquidators say

Hui expressed his intention to the court on April 23 that he would not be disclosing his assets, a lawyer for the liquidators said.

videocam
Banking & finance

HSBC to buy back US$3 billion in stock after quarterly profit beats estimates

HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.

Executives walk past two lion statues outside HSBC’s head office in Central, Hong Kong on February 19, 2025. Photo: Elson Li
Help preserve 120 years of quality journalism.
SUPPORT NOW