Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car.The company said the battery and charging system, called “Super e-Platform”, boasted peak speeds of 1,000 kW, allowing cars to …
China EV giant BYD soars after 5-minute charging platform unveiled Read More »
Chinese consumer tech giant Xiaomi on Tuesday announced a surge in annual revenue, propelled by strong smartphone sales alongside a continued push into the electric vehicle sector.The Beijing-based firm manufactures a diverse array of tech gadgets ranging from smartphones and laptops to rice cookers and air purifiers.Its performance is considered to be a bellwether for …
Xiaomi posts 2024 revenue surge as EV push deepens Read More »
Hong Kong leader John Lee on Tuesday said criticism of city conglomerate CK Hutchison’s sale of its Panama Canal ports deserved “serious attention”, after Beijing authorities repeatedly slammed the deal.The business empire of Hong Kong’s richest man, Li Ka-shing, sold most of its port operations — including those in the canal — to a US-led …
Hong Kong leader says concerns over Panama ports deal warrant ‘attention’ Read More »
Pacific nation Kiribati says it is exploring a deep-sea mining partnership with China, dangling access to a vast patch of Pacific Ocean harbouring coveted metals and minerals.Beijing has been ramping up efforts to court Pacific nations sitting on lucrative seafloor deposits of cobalt, nickel and copper — recently inking a cooperation deal with Cook Islands. Kiribati …
Asian markets rallied on Tuesday following another positive day on Wall Street stoked by US data that eased recession fears, while Chinese tech firms helped propel another surge in Hong Kong.Traders have kicked off the week on a positive note after Beijing at the weekend unveiled a range of measures aimed at reigniting activity in …
Asian markets track Wall St gains as tech inspires Hong Kong Read More »
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus.Major Wall Street stock indices advanced for a second straight session, as US retail sales for February showed a 0.2 percent …
Hong Kong’s second-richest man Lee Shau-kee has died aged 97, the property tycoon’s firm Henderson Land Development announced Monday.Lee died peacefully on Monday evening in the company of his family, Henderson said in a press release.Known as “Uncle Four” because he had three elder siblings, Lee was one of the most influential players in Hong …
Hong Kong property tycoon Lee Shau-kee dies aged 97 Read More »
China’s economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing’s drive to boost flagging consumption.Officials have looked in recent months to revive confidence in the world’s second-largest economy, which has been beset by persistent property sector woes and is now under increasing …
Data shows patchy Chinese economy in first two months of the year Read More »
Asian markets rose on Monday as investors welcomed Chinese plans to kickstart consumption in the world’s number two economy, though worries about Donald Trump’s tariffs war continue to cast a shadow over trading floors.The gains follow a much-needed rally on Wall Street that was stoked by optimism US lawmakers would pass a spending bill to …
Asian markets start week on front foot as China unveils consumer plan Read More »
Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made its AI chatbot services free to consumers as ferocious competition grips the sector.Technology companies in China have been scrambling to release improved AI platforms since start-up DeepSeek shocked its rivals with its open source and highly cost-efficient model in January.In …
China’s Baidu releases new AI model to compete with DeepSeek Read More »
