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Chinese AI firm MiniMax to launch Hong Kong IPO in early January
[ad_1] The firm develops multimodal AI models which can process text, audio, images, video and music[HONG KONG/BEIJING] Chinese artificial intelligence (AI) firm MiniMax is seeking to launch a Hong Kong...
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
[ad_1] [SINGAPORE] More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times understands the major client involved was Cainiao,...
China’s power reforms, global data centre buildout usher in battery boom
[ad_1] [BEIJING] A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that...
Shein’s global ambitions survive French store uproar
[ad_1] The e-commerce giant, whose model of high-volume, ultra-cheap fashion has upended traditional retailing, looks like it’s in France to stay[PARIS] Shein’s choice of Paris for its first physical store...
Uber teams up with Baidu to start robotaxi trials in UK
[ad_1] Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge [HONG KONG] Uber Technologies said that it’s teaming up with Baidu to trial driverless taxis...
Asia: Markets rally with Wall Street as rate hopes rise, AI fears ease
[ad_1] ASIAN markets rallied on Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while worries over AI...
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
[ad_1] UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as...
China consumer shares hit record losing streak on weak demand
[ad_1] [BEIJING] Chinese consumer stocks are headed for their longest-ever stretch of annual underperformance, and analysts expect the trajectory to continue amid a sluggish economy and policy uncertainty.A gauge of...
Li Ka-shing is remaking his empire as a generational shift looms
[ad_1] [HONG KONG] Li Ka-shing and his family set in motion a series of deals this year that stand to completely transform his business empire.The Hong Kong billionaire’s flagship conglomerate,...
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
[ad_1] [SINGAPORE] Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the latter to pay the balance of the contract...
