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

Banking & Finance

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

Standard Chartered first-quarter profit beats expectations, as bank puts more focus on wealth management business.

Banks lure new wealthy clients with Liverpool, Jay Chou tickets in golden week push

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US jobs growth likely slowed in April, economists’ survey shows

Markets

Hong Kong stocks surge on trade-talk optimism, US tech gains

Benchmark Hang Seng Index heads for third weekly gain as China’s Commerce Ministry says it is considering trade talks with the US.

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Shipping containers are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal on April 12, 2025, in Shenzhen. Photo: Getty Images/TNS
Shipping containers are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal on April 12, 2025, in Shenzhen. Photo: Getty Images/TNS

Tech Trends

Why car park operator Shoucheng is doubling down on China robotics investment

The company, a subsidiary of Chinese steel giant Shougang, plans to invest in about 50 robotics firms over the next two to three years.

Business

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.

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Business

Shanghai start-up United InnoMed plans studies to develop heart-failure treatment device

Company raised US$20 million of fresh capital last month from investors including existing backer Eli Lilly.

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Employees produce ventilators at Mindray Bio-Medical Electronics, a medical device manufacturer based in Shenzhen. Photo: Xinhua
Employees produce ventilators at Mindray Bio-Medical Electronics, a medical device manufacturer based in Shenzhen. Photo: Xinhua

China EVs

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

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

Tech Trends

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.

Big Tech

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.

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

United States & Canada

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.

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Apple warned of added costs and supply chain disruptions as a result of US tariffs. Photo: Reuters
Apple warned of added costs and supply chain disruptions as a result of US tariffs. Photo: Reuters

Big Tech

DeepSeek’s new maths-solving model is generating buzz, but mostly about R2

The Prover-V2 release has captured attention online, with many on social media wondering what it means for the start-up’s next reasoning model.

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Banking & Finance

Hong Kong family offices should unload US assets, look to Japan, UAE, advisory says

Now is a ‘critical moment’ to ‘get rid of the US’, especially equities and Treasuries, to ‘maintain lower risk-return ratios’, CEO says.

Big Tech

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

Business

Hong Kong office tenants pay world’s second-highest costs: Savills

City’s office-space costs, which trail only London’s West End, declined 1.1 per cent in the first quarter, property consultancy says.

A tram travels among office buildings in Central on January 17, 2025. Photo: Edmond So
A tram travels among office buildings in Central on January 17, 2025. Photo: Edmond So

Policy

The SMC: what to see at the Shanghai AI incubator visited by Xi Jinping

The Chinese president toured the Shanghai Foundation Model Innovation Centre on Tuesday to highlight the country’s vast potential in AI.

China Business

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.

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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illustration by Lau Ka-kuen
illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

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Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP
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OPINION
Nicholas Spiro

Macroscope | Is the ‘Trump shock’ the end of dollar hegemony?

Nicholas Spiro
Richard Harris

Opinion | As markets recover from Trump tariff shock, how long will new normal last?

Richard Harris
Marina Yue Zhang

Opinion | US vs China: who can endure a trade war longer?

Marina Yue Zhang
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Leonard Luk,Bryan Luk

Opinion | Legalise basketball betting but ensure young Hongkongers don’t lose

Leonard Luk
Bryan Luk
Wenran Jiang

Opinion | China has the upper hand in trade war as Trump flounders

Wenran Jiang
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Paul Gardner

Opinion | Hong Kong SMEs must act boldly to survive Trump’s tariffs

Paul Gardner
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MULTIMEDIA
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
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