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South China Morning Post
scmp. com > tech > big-tech > article > 3353573 > alibaba-tencent-signal-ai-spending-surge-despite-earnings-pressure-china-chips-ramp

Alibaba, Tencent signal AI spending surge despite earnings pressure

17+ min ago  (122+ words) South China Morning Post Alibaba will focus its AI capex on cloud services, while Tencent is prioritising internal demand with its spending Alibaba Group Holding and Tencent Holdings are doubling down on a massive artificial intelligence spending spree, betting that…...

South China Morning Post
scmp. com > week-asia > economics > article > 3353543 > samsung-unions-strike-threat-fuels-fears-south-koreas-economic-slowdown

Samsung union's strike threat fuels fears of South Korea's economic slowdown

1+ hour, 50+ min ago  (162+ words) The AI boom and SK Hynix's profit-sharing arrangement with its workers have reportedly galvanised Samsung's biggest union to take action The union has warned it will stage an 18-day walkout from May 21 to June 7, raising concerns about production disruptions, customer…...

South China Morning Post
scmp. com > business > china-business > article > 3353565 > cheng-familys-nwd-slumps-after-admitting-11-skies-new-investor-plans-stalled

Cheng family's NWD slumps after admitting 11 Skies, new investor plans stalled

1+ hour, 40+ min ago  (236+ words) The beleaguered developer is reportedly trying to offload the 11 Skies project and secure fresh investment to improve its balance sheet Shares of New World Development (NWD) " the beleaguered property developer owned by one of Hong Kong's richest families " fell on…...

South China Morning Post
scmp. com > business > china-evs > article > 3353525 > geely-xiaomi-lead-pack-battery-evs-top-china-sales-rising-oil-costs

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

3+ hour, 20+ min ago  (168+ words) Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts Only one petrol car model was among the bestsellers across all power trains, with Geely's Binyue in…...

Google News
scmp. com > week-asia > people > article > 3353531 > how-low-can-jho-go-chances-trump-pardon-malaysian-1mdb-scandal-below-5

High stakes, low odds: why 1 MDB's Jho Low unlikely to receive Trump pardon

3+ hour, 29+ min ago  (117+ words) High stakes, low odds: why Trump pardon is unlikely for 1 MDB's Jho Low South China Morning Post High stakes, low odds: why 1 MDB's Jho Low unlikely to receive Trump pardon The request appears unlikely to succeed because Low has never…...

Google News
scmp. com > news > hong-kong > transport > article > 3353538 > cathay-pacific-shortens-hong-kong-boarding-gate-closure-times-5-minutes

Cathay Pacific shortens Hong Kong boarding gate closure times by 5 minutes

3+ hour ago  (180+ words) Gates to close 15 minutes before departure from June 1, with boarding time also moving forward, as airline cites need to prioritise punctuality Hong Kong flag carrier Cathay Pacific Airways will shorten its boarding and gate closure times by five minutes to…...

scmp. com
scmp. com > plus > economy > china-economy > article > 3353527 > chinas-expanding-industrial-strategy

China's expanding industrial strategy

3+ hour, 15+ min ago  (75+ words) China's industrial policy is becoming more systematic and pervasive, shifting from targeting specific sectors towards covering all layers of production, a recent report by the US Chamber of Commerce and Rhodium Group released on Monday has found. The strategy, as…...

South China Morning Post
scmp. com > business > china-business > article > 3353523 > chinese-chip-etfs-pause-trading-they-warn-soaring-premium-risks

AI | Chinese chip ETFs pause trading as they warn of soaring premium risks

4+ hour, 9+ min ago  (246+ words) South China Morning Post With two funds trading at least 30 per cent above net asset values, the large premiums would trigger sell-offs when sentiment turns Hutai-Pine Bridge CSI KRX China-Korea Semiconductor ETF, which invests in Chinese and South Korean chipmakers,…...

South China Morning Post
scmp. com > lifestyle > food-drink > article > 3353370 > what-eat-chinas-chengdu-fiery-hotpot-original-mapo-tofu

What to eat in China's Chengdu, from fiery hotpot to the original mapo tofu

6+ hour, 5+ min ago  (119+ words) South China Morning Post A reflection of Sichuan's diverse flavours and culinary heritage, Chengdu's food and drinks scene rewards the adventurous My guide, chef Steven Tang of the one-Michelin-star Mi Xun Teahouse at Upper House Chengdu, provides some background. "It…...

South China Morning Post
scmp. com > news > hong-kong > society > article > 3353503 > calls-grow-hire-locals-graduate-jobs-decline-amid-ai-economic-pressures

Calls grow to hire locals as graduate jobs decline amid AI, economic pressures

6+ hour, 45+ min ago  (228+ words) Industry leaders" remarks come after labour minister said vacancies suitable for university graduates fell from about 80, 000 in 2022 to around 31, 000 in 2025 Hong Kong industry leaders have called for priority hiring of local graduates and greater participation in overseas exchange programmes to…...