The Latest Breaking News from Hong Kong

Hong Kong’s Votee AI is taking on English and Mandarin’s AI dominance with a Cantonese model

Votee is one of a growing number of companies that are trying to tackle AI’s neglect of "low-resource" languages.

Fortune · Aug 27

Global Market: China stocks rise as Nvidia outlook boosts AI and hardware shares

China’s mainland stocks rose on Thursday, led by AI, semiconductor and hardware companies after Nvidia delivered an upbeat revenue outlook, reinforcing expectations of strong AI infrastructure demand. The CSI300 and Shanghai Composite gained, while Hong Kong shares traded lower. Gold miners and non-ferrous metal stocks also extended their recent rally.

The Economic Times · Aug 27

The London stock market dodged a bullet with Shein

China’s fashion giant will list in Hong Kong with a shrunken price tag – and big questions over its business model

The Guardian - UK · Aug 26

Quote of the day by Bruce Lee: ‘Research your own experience, absorb what is useful, reject what is useless, add what is essentially your own’ — a lesson on the importance of learning from experience, keeping what works, letting go of what doesn’t and developing your own path instead of blindly following others

Quote of the day by Bruce Lee: Bruce Lee's enduring philosophy encourages personal research and adaptation of knowledge. He advised absorbing useful lessons and rejecting what is useless for growth. True mastery comes from combining learned skills with one's own unique personality. Lee's journey from Hong Kong to global icon…

The Economic Times · Aug 24

The Guardian view on the Tiananmen vigil convictions: Hong Kong too has been silenced. Others should speak out

Editorial: Two activists who organised commemorations of the bloody crackdown on China’s 1989 pro-democracy protests now face jail. Remembering is not a crime

The Guardian - UK · Aug 24

Alibaba Is Betting Another $10 Billion On AI. Investors Aren't Sold Yet And Its Stock Fell.

Alibaba's Hong Kong shares fell as much as 10.5% on Monday.

International Business Times · Aug 24

Global Markets: Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

Shein is set to launch its Hong Kong IPO with an ambitious goal of raising up to $1.8 billion. However, the company's valuation has plummeted to about 70% below its highs in private markets. Investor appetite is being hampered by slower growth and increased competition. In the offering, cornerstone investors…

The Economic Times · Aug 24

Shein launches IPO at a sharply lower valuation — and Europe is central to its success

Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022. Europe is a key market, but new customs rules and regulatory scrutiny threaten its low-cost model.

Euronews · Aug 24

Southeast Asia's budget airlines eye recovery but fuel scars linger

HONG KONG - Southeast Asia's budget carriers are hoping the worst of ‌the Middle East-driven fuel shock is behind them but face a difficult second half as margins remain under pressure and strained household budgets threaten demand, airline executives and analysts said.

Bangkok Post · Aug 24

Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh’s Jackson Hole Speech Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.59% this morning, pointing to a lower open on Wall Street as chipmakers came under pressure at the start of a pivotal week.

Barchart · Aug 24