Chinese biotech firms face fresh headwinds in their global expansion as Washington’s proposed outbound investment restrictions threaten to disrupt deal structures, even though drug licensing agreements remain untouched for now, analysts say. The US Treasury Department’s draft rules released last wee
Chinese AI video-generation models have surpassed leading US rivals in visual quality, but several fall behind in safety safeguards, according to researchers at the University of Hong Kong. ByteDance’s Seedance 2.0 Pro took top spot in a ranking of 12 leading artificial intelligence video-generation
Sydney’s new multibillion-dollar airport has already confused some travellers, with passengers mistaking the new facility for the Australian city’s existing airport and even booking flights to the wrong side of the country. Western Sydney International Airport, which opened at the weekend after deca
A fire broke out on Monday at Hong Kong’s waste-to-energy incinerator on an artificial island off Shek Kwu Chau. The blaze started at 12.43pm at the Integrated Waste Management Facilities Phase I and was upgraded to a No 3 alarm at 1.24pm, the Fire Services Department said. A No 3 alarm is the third
The villagers who first spotted the five baby orangutans in a casuarina forest in India in early September were puzzled by their reddish hair and unfamiliar faces. The three males and two females, aged six to eight months – were left on a plantation in eastern India’s Odisha, over 2,700km (1,700 mil
Some 280 global top bankers, including 120 group chairmen and CEOs, will gather in Hong Kong next week to learn how the city has been “rethinking the playbook” to go forward in coming years, Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Monday. The top bankers, includ
China’s expanding semiconductor industry is fuelling mounting anxiety in South Korea, where a new consultancy report has warned local chipmakers to defend profitability as Chinese rivals scale up production and strengthen market share. Samil PwC, the South Korean member firm of the global consultanc
The death of a 21-year-old delivery rider at an underground gig in Malaysia, now being investigated as murder, has highlighted concerns over crowd safety and regulatory flaws in the country’s independent live music scene, industry players say. Police reclassified the case on Sunday, four days after
Former Japanese prime minister Yasuo Fukuda, who used his brief period in office to seek closer ties with Asian neighbours, particularly China, has died at the age of 90, according to the Nikkei business daily on Monday. The Japanese politician, the first son of a prime minister to become one hi
Hong Kong is well positioned to help companies deploy green services and technologies across belt and road countries, the city’s leader and a mainland Chinese official have said, with authorities noting that at least five enterprises have signed up. They made the remarks at the Belt and Road Green I