ByteDance, the owner of short video app TikTok and its Chinese version Douyin, has denied a news report saying the company’s profits jumped 60 per cent last year, as it plans two new apps – one to rival Instagram and another targeting European users –...
Exhibition Date and Time:13 to 15 April 09:30 – 18:3016 April 09:30 – 17:00Venue: Hong Kong Convention and Exhibition Centre (Booth: 3C-C01)Smart Living“iAM Smart”“iAM Smart”, the one-stop personalised digital service platform of the OGCIO, provides reliable electronic identity authentication function for members of the public...
Elizabeth Bernas and her husband had planned to use the proceeds from their home sale to renovate their new house in Ajax, Ont., to pay for their children's university tuition and to go on a family vacation.But before they could, they say someone accessed their Bank...
An entity affiliated with Dalian Wanda Group agreed to sell Sunseeker International, a maker of yachts, to Lionheart Capital, according to people with knowledge of the matter.The Chinese conglomerate and Miami-based Lionheart have signed a so-called sale and purchase agreement, said one of the people,...
China’s young, tech-savvy, ultra-rich cohort is shaping the wealth management and luxury spending industries, including art collecting, according to experts at a conference in Hong Kong.“The asset management landscape in Asia is undergoing significant transformations due to changing demographics and digitisation,” said Chen Ding, the...
China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk that it unleashes a chain reaction rocking emerging- and developed-market currencies alike, according to some strategists.Most under threat are the currencies of Asian neighbours such...
The Federal Reserve Building stands in Washington.Joshua Roberts | ReutersThe U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations."I suspect that the Fed will be the...
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters.For companies around the world, the rotating chief executive structure is uncommon, but analysts...
Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...
China drove a global surge in new coal-fired power plants last year, building and approving capacity at a rate not seen in nine years despite the country’s promise to “strictly control” its use of the most damaging fossil fuel, according to a new report.China accounted...