ComplexCon to return to Hong Kong in March with Metro Boomin, Zico in line-up
By Ambrose Li
Pop culture festival ComplexCon will return to Hong Kong in March after making its Asia debut last year, with organisers hoping international stars such as American hip hop artist Metro Boomin and South Korean rapper Zico will attract more overseas and mainland Chinese visitors to the event.
The first non-US edition in 2024 drew about 30,000 attendees, 55 per cent of which were from more than 40 places outside Hong Kong including the mainland, Japan, South Korea and Taiwan. An estimated 10 to 20 per cent more people are expected to attend this year’s event.
The festival at AsiaWorld-Expo will also be expanded compared with last year. Its merchandise sales area will occupy four halls this year, rather than three, and concerts have moved from one of the smaller venues to the 14,000-seat AsiaWorld-Arena.
The annual festival secured HK$15 million (US$1.9 million) from the government’s Mega Arts and Cultural Events Fund for its coming edition. The fund was set up to develop the arts and help promote Hong Kong as a centre for cultural exchanges, while bringing back tourists to the city after the Covid-19 pandemic.
The line-up of the event, which runs from March 21 to 23, also includes Migos rap group member Quavo, Chinese rap collective Digi Ghetto, Japanese rappers ¥ellow Bucks and DJ Shuzo, as well as South Koreans B.I and Changmo.
The festival will include a marketplace with merchandise sales curated by Daniel Arsham, the artistic director for the coming edition, with products and collaborations exclusive to the event.
Organiser Complex China’s CEO, Bonnie Chan Woo Tak-chi, said Hong Kong should not be complacent about its ability to host festivals and concerts despite its strong international reputation, as the city faced fierce competition in the region.
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By Ambrose Li
Pop culture festival ComplexCon will return to Hong Kong in March after making its Asia debut last year, with organisers hoping international stars such as American hip hop artist Metro Boomin and South Korean rapper Zico will attract more overseas and mainland Chinese visitors to the event.
The first non-US edition in 2024 drew about 30,000 attendees, 55 per cent of which were from more than 40 places outside Hong Kong including the mainland, Japan, South Korea and Taiwan. An estimated 10 to 20 per cent more people are expected to attend this year’s event.
The festival at AsiaWorld-Expo will also be expanded compared with last year. Its merchandise sales area will occupy four halls this year, rather than three, and concerts have moved from one of the smaller venues to the 14,000-seat AsiaWorld-Arena.
The annual festival secured HK$15 million (US$1.9 million) from the government’s Mega Arts and Cultural Events Fund for its coming edition. The fund was set up to develop the arts and help promote Hong Kong as a centre for cultural exchanges, while bringing back tourists to the city after the Covid-19 pandemic.
The line-up of the event, which runs from March 21 to 23, also includes Migos rap group member Quavo, Chinese rap collective Digi Ghetto, Japanese rappers ¥ellow Bucks and DJ Shuzo, as well as South Koreans B.I and Changmo.
The festival will include a marketplace with merchandise sales curated by Daniel Arsham, the artistic director for the coming edition, with products and collaborations exclusive to the event.
Organiser Complex China’s CEO, Bonnie Chan Woo Tak-chi, said Hong Kong should not be complacent about its ability to host festivals and concerts despite its strong international reputation, as the city faced fierce competition in the region.
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DeepSeek’s success isn’t just a wake-up call for the US, there are lessons for China too
By Josephine Ma
After DeepSeek became a worldwide talking point and sent shock waves through the US stock market, many observers have been trying to find out how a relatively small company could become a game-changer for the AI industry.
The Hangzhou-based start-up was founded only two years ago by a hedge fund High Flyer and it was little known before the launch of its large language model (LLM) last month.
It not only challenges the dominance of similar US products such as OpenAI’s ChatGPT, but also conventional wisdom about the cost of producing these products.
In recent weeks, the company has launched two powerful AI models – DeepSeek-V3 and DeepSeek-R1 – which were built at a fraction of the cost and computing power used by US tech giants for their products.
The announcement sent shares of semiconductor giant Nvidia and other AI-related stocks tumbling.
Another surprise was that a Chinese company had been able to make such a breakthrough despite US sanctions.
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By Josephine Ma
After DeepSeek became a worldwide talking point and sent shock waves through the US stock market, many observers have been trying to find out how a relatively small company could become a game-changer for the AI industry.
The Hangzhou-based start-up was founded only two years ago by a hedge fund High Flyer and it was little known before the launch of its large language model (LLM) last month.
It not only challenges the dominance of similar US products such as OpenAI’s ChatGPT, but also conventional wisdom about the cost of producing these products.
In recent weeks, the company has launched two powerful AI models – DeepSeek-V3 and DeepSeek-R1 – which were built at a fraction of the cost and computing power used by US tech giants for their products.
The announcement sent shares of semiconductor giant Nvidia and other AI-related stocks tumbling.
Another surprise was that a Chinese company had been able to make such a breakthrough despite US sanctions.
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Malaysian parents urged to educate children on vapes as government holds back on ban
By Hadi Azmi
Malaysia’s education ministry has put the onus on parents to educate their children about the dangers of vaping, as the government appears to edge back from banning a sector worth US$780 million a year, despite mounting evidence of damage to health.
Malaysia has witnessed a 600 per cent surge in the use of vapes and e-cigarettes over the past 12 years, according to the Malaysian Thoracic Society, with 6 per cent of the country’s adults using the products.
Health campaigners have warned that vape companies are targeting young people to reel in a new generation of users, while hospital admissions with vape-related lung damage are rising alarmingly.
On Tuesday, Deputy Education Minister Wong Kah Woh told parliament that it was up to families to keep their children away from vapes.
“I ask for everyone’s cooperation, including parents and the public, to help the health ministry in increasing awareness on the risk and dangers of vaping and electronic cigarettes on our children,” Wong told parliament.
According to the deputy minister, the education ministry has recorded an increase in the number of students caught vaping, saying the figure is five times higher than those found smoking cigarettes.
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By Hadi Azmi
Malaysia’s education ministry has put the onus on parents to educate their children about the dangers of vaping, as the government appears to edge back from banning a sector worth US$780 million a year, despite mounting evidence of damage to health.
Malaysia has witnessed a 600 per cent surge in the use of vapes and e-cigarettes over the past 12 years, according to the Malaysian Thoracic Society, with 6 per cent of the country’s adults using the products.
Health campaigners have warned that vape companies are targeting young people to reel in a new generation of users, while hospital admissions with vape-related lung damage are rising alarmingly.
On Tuesday, Deputy Education Minister Wong Kah Woh told parliament that it was up to families to keep their children away from vapes.
“I ask for everyone’s cooperation, including parents and the public, to help the health ministry in increasing awareness on the risk and dangers of vaping and electronic cigarettes on our children,” Wong told parliament.
According to the deputy minister, the education ministry has recorded an increase in the number of students caught vaping, saying the figure is five times higher than those found smoking cigarettes.
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‘De minimis’ exemption: US tariff move ‘will not kill’ Chinese e-commerce, analysts say
By Ralph JenningsMia Nulimaimaiti
US President Donald Trump’s elimination of a long-standing tariff exemption that benefited China’s cross-border e-commerce giants will hurt American consumers – especially those on low incomes – more than the companies themselves, analysts said.
The “de minimis” exemption that allowed packages worth less than US$800 to enter the United States duty-free was removed as part of an executive order signed by Trump on February 1 raising tariffs on Chinese goods by 10 per cent.
The tax loophole played a big role in driving the growth of China’s cross-border e-commerce industry, as vendors sending small shipments directly to US consumers were able to avoid US import duties and customs checks.
Over the past decade, the number of shipments entering the US under the de minimis exemption has surged by more than 600 per cent, rising from about 139 million in the 2015 financial year to over 1 billion in the 2023 financial year, according to US Customs and Border Protection.
Between 2018 and 2021, the US received an estimated US$228.3 billion of de minimis shipments from China, including US$79.3 billion from Hong Kong, which made up more than two-thirds of the US’ total de minimis imports, the Congressional Research Service said in a report published last week.
Removing the exemption means that goods from Shein, Temu and other Chinese cross-border e-commerce players will now be subject to US duties on Chinese imports – which already stood at more than 20 per cent in some industries and are set to rise by another 10 per cent following Trump’s latest executive order.
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By Ralph JenningsMia Nulimaimaiti
US President Donald Trump’s elimination of a long-standing tariff exemption that benefited China’s cross-border e-commerce giants will hurt American consumers – especially those on low incomes – more than the companies themselves, analysts said.
The “de minimis” exemption that allowed packages worth less than US$800 to enter the United States duty-free was removed as part of an executive order signed by Trump on February 1 raising tariffs on Chinese goods by 10 per cent.
The tax loophole played a big role in driving the growth of China’s cross-border e-commerce industry, as vendors sending small shipments directly to US consumers were able to avoid US import duties and customs checks.
Over the past decade, the number of shipments entering the US under the de minimis exemption has surged by more than 600 per cent, rising from about 139 million in the 2015 financial year to over 1 billion in the 2023 financial year, according to US Customs and Border Protection.
Between 2018 and 2021, the US received an estimated US$228.3 billion of de minimis shipments from China, including US$79.3 billion from Hong Kong, which made up more than two-thirds of the US’ total de minimis imports, the Congressional Research Service said in a report published last week.
Removing the exemption means that goods from Shein, Temu and other Chinese cross-border e-commerce players will now be subject to US duties on Chinese imports – which already stood at more than 20 per cent in some industries and are set to rise by another 10 per cent following Trump’s latest executive order.
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Henderson Land to launch 12 projects with 5,400 units this year, citing market optimism
By Salina Li
Henderson Land Development said it would launch 12 projects with 5,400 units this year, with the belief that home prices will rebound in the second half amid demand from buyers and lower interest rates.
Phase two of Belgravia Place in Cheung Sha Wan with 248 units was likely to be launched this month, said Thomas Lam Tat-man, general manager of the sales department.
A 300-unit project at Nam Kok Road in Kowloon City would be launched in the first quarter, according to Mark Hahn Ka-fai, another general manager of sales. In addition, a 2,060-unit development at 18 Shing Fung Road in Kai Tak would also be launched.
Other developments coming online include two phases with 881 units at 72 To Kwa Wan Road, 240 units at MidTown South phase C1 in Hung Hom, as well as a luxury project at 29A Lugard Road on The Peak.
Lam said housing demand was substantial and reduced rates would lead to lower mortgage repayments, allowing more investors to enter the market.
“It is expected that the first half of the year will be the starting point for the property market and it is likely that property prices will rebound from the second half,” he said, adding that the number of primary transactions was expected to reach 20,000 units this year.
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By Salina Li
Henderson Land Development said it would launch 12 projects with 5,400 units this year, with the belief that home prices will rebound in the second half amid demand from buyers and lower interest rates.
Phase two of Belgravia Place in Cheung Sha Wan with 248 units was likely to be launched this month, said Thomas Lam Tat-man, general manager of the sales department.
A 300-unit project at Nam Kok Road in Kowloon City would be launched in the first quarter, according to Mark Hahn Ka-fai, another general manager of sales. In addition, a 2,060-unit development at 18 Shing Fung Road in Kai Tak would also be launched.
Other developments coming online include two phases with 881 units at 72 To Kwa Wan Road, 240 units at MidTown South phase C1 in Hung Hom, as well as a luxury project at 29A Lugard Road on The Peak.
Lam said housing demand was substantial and reduced rates would lead to lower mortgage repayments, allowing more investors to enter the market.
“It is expected that the first half of the year will be the starting point for the property market and it is likely that property prices will rebound from the second half,” he said, adding that the number of primary transactions was expected to reach 20,000 units this year.
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Panama court urged to cancel Hong Kong firm’s canal contract amid Trump threat
By Agence France-Presse
Two Panamanian lawyers filed a complaint on Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump’s threats to seize the vital waterway.
A subsidiary of CK Hutchison Holdings – owned by Hong Kong billionaire Li Ka-shing – manages two of the canal’s five ports, an arrangement in place since 1997 via a concession from the Panama government.
But Norman Castro, one of the lawyers in the case brought before the Supreme Court, told reporters the contract “violates what the constitution says in about 10 articles”.
“After a detailed analysis of the contract … we decided that an action for unconstitutionality was the appropriate means” to challenge the concession, said Julio Macias, another lawyer behind the suit.
The complaint also accuses the Hong Kong subsidiary of not paying taxes and benefits due to a series of advantages that are allegedly against the law.
Panama Ports Company – a CK Hutchison Holdings subsidiary – currently manages the ports of Cristobal on the canal’s Atlantic side and Balboa on the Pacific side.
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By Agence France-Presse
Two Panamanian lawyers filed a complaint on Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump’s threats to seize the vital waterway.
A subsidiary of CK Hutchison Holdings – owned by Hong Kong billionaire Li Ka-shing – manages two of the canal’s five ports, an arrangement in place since 1997 via a concession from the Panama government.
But Norman Castro, one of the lawyers in the case brought before the Supreme Court, told reporters the contract “violates what the constitution says in about 10 articles”.
“After a detailed analysis of the contract … we decided that an action for unconstitutionality was the appropriate means” to challenge the concession, said Julio Macias, another lawyer behind the suit.
The complaint also accuses the Hong Kong subsidiary of not paying taxes and benefits due to a series of advantages that are allegedly against the law.
Panama Ports Company – a CK Hutchison Holdings subsidiary – currently manages the ports of Cristobal on the canal’s Atlantic side and Balboa on the Pacific side.
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Barbie ‘Big S’ Hsu’s family to bring ashes back to Taiwan on Thursday
By Jess Ma
The ashes of recently deceased Taiwanese host and actress Barbie “Big S” Hsu Shi-yuan will reportedly be brought home from Japan on Thursday by her husband and younger sister.
Taiwanese media also reported on Tuesday that Hsu, 48, already suffered flu symptoms during her family trip to Japan before she succumbed to pneumonia.
Hsu’s husband Koo Jun-yup and sister Dee Hsu, also known as “Little S”, will bring back the ashes of the actress to Taiwan on February 6 following cremation in Japan, while Hsu’s mother will fly home on Tuesday, according to local media.
Hsu’s death, confirmed by her family on Monday, shocked fans around the world. She became a household name in Hong Kong and across Asia for her starring role in the 2001 television drama Meteor Garden.
A screenshot allegedly from a tour guide for Hsu’s family circulated online on Tuesday, saying the actress had begun to show flu symptoms four days before her death.
Taiwanese outlet EBC News reported based on the screenshot that the alleged tour guide said Hsu had begun coughing and displaying asthma symptoms on January 29 and did not leave a hotel for the next two days.
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By Jess Ma
The ashes of recently deceased Taiwanese host and actress Barbie “Big S” Hsu Shi-yuan will reportedly be brought home from Japan on Thursday by her husband and younger sister.
Taiwanese media also reported on Tuesday that Hsu, 48, already suffered flu symptoms during her family trip to Japan before she succumbed to pneumonia.
Hsu’s husband Koo Jun-yup and sister Dee Hsu, also known as “Little S”, will bring back the ashes of the actress to Taiwan on February 6 following cremation in Japan, while Hsu’s mother will fly home on Tuesday, according to local media.
Hsu’s death, confirmed by her family on Monday, shocked fans around the world. She became a household name in Hong Kong and across Asia for her starring role in the 2001 television drama Meteor Garden.
A screenshot allegedly from a tour guide for Hsu’s family circulated online on Tuesday, saying the actress had begun to show flu symptoms four days before her death.
Taiwanese outlet EBC News reported based on the screenshot that the alleged tour guide said Hsu had begun coughing and displaying asthma symptoms on January 29 and did not leave a hotel for the next two days.
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Flu jab inquiries, bookings rise in Hong Kong after death of Barbie Hsu
By Elizabeth CheungWilliam Yiu
Hong Kong clinics have received a surge in inquiries and bookings for influenza jabs following the death of popular Taiwanese actress Barbie “Big S” Hsu Shi-yuan, who died from pneumonia after contracting flu.
Hsu’s death, which was publicly revealed on Monday and happened while she was travelling in Japan with her family, not only sent shock waves through the Chinese-speaking world, but also appeared to prompt more Hongkongers to get flu vaccinations.
Family medicine specialist Dr Angus Chan Ming-wai said there had been an increase in the number of people making inquiries and appointments for flu jabs at his private practice since the news had broken.
“There were already around a dozen inquiries so far [on Tuesday morning],” Chan said, adding they included those making bookings for the next few days.
He recalled that there were no inquiries around the same time in previous years, as people who routinely got vaccinated usually did so much earlier.
There were, however, some who “made a last-minute effort as they don’t find it a [priority] issue if nothing happens,” Chan said of those who got vaccinated later.
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By Elizabeth CheungWilliam Yiu
Hong Kong clinics have received a surge in inquiries and bookings for influenza jabs following the death of popular Taiwanese actress Barbie “Big S” Hsu Shi-yuan, who died from pneumonia after contracting flu.
Hsu’s death, which was publicly revealed on Monday and happened while she was travelling in Japan with her family, not only sent shock waves through the Chinese-speaking world, but also appeared to prompt more Hongkongers to get flu vaccinations.
Family medicine specialist Dr Angus Chan Ming-wai said there had been an increase in the number of people making inquiries and appointments for flu jabs at his private practice since the news had broken.
“There were already around a dozen inquiries so far [on Tuesday morning],” Chan said, adding they included those making bookings for the next few days.
He recalled that there were no inquiries around the same time in previous years, as people who routinely got vaccinated usually did so much earlier.
There were, however, some who “made a last-minute effort as they don’t find it a [priority] issue if nothing happens,” Chan said of those who got vaccinated later.
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Trump tariffs push gold prices to record high as investors seek safe haven
By Alice Li
Gold prices surged to a record high on Monday as investors sought out safe-haven assets amid uncertainty caused by US President Donald Trump’s tariff policies and lingering inflation concerns.
The price of international spot gold rose 0.57 per cent to US$2,813.34 per ounce on Monday, after reaching a record high of US$2,830.49 earlier in the session.
The upwards trend continued into Tuesday, with gold trading at US$2,819.46 per ounce by the morning.
In China, gold product prices have also been rising since the beginning of the year, with major jewellery brands such as Chow Tai Fook and Chow Sang Sang reporting prices at over 850 yuan per gram (US$3,325 per ounce) on Tuesday.
“The trade disputes have significantly heightened market risk aversion, driving gold prices to new highs,” Citic Securities analysts said in a research note on Monday. “We believe that further intensification of trade tensions will continue to serve as a catalyst for gold prices.”
Central banks around the world – including those of China, Russia, India and the United Arab Emirates – have been increasing their gold reserves in recent months, but demand for safe-haven assets began to spike after Trump announced on Saturday that the US would impose tariffs on imports from Canada, Mexico and China.
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By Alice Li
Gold prices surged to a record high on Monday as investors sought out safe-haven assets amid uncertainty caused by US President Donald Trump’s tariff policies and lingering inflation concerns.
The price of international spot gold rose 0.57 per cent to US$2,813.34 per ounce on Monday, after reaching a record high of US$2,830.49 earlier in the session.
The upwards trend continued into Tuesday, with gold trading at US$2,819.46 per ounce by the morning.
In China, gold product prices have also been rising since the beginning of the year, with major jewellery brands such as Chow Tai Fook and Chow Sang Sang reporting prices at over 850 yuan per gram (US$3,325 per ounce) on Tuesday.
“The trade disputes have significantly heightened market risk aversion, driving gold prices to new highs,” Citic Securities analysts said in a research note on Monday. “We believe that further intensification of trade tensions will continue to serve as a catalyst for gold prices.”
Central banks around the world – including those of China, Russia, India and the United Arab Emirates – have been increasing their gold reserves in recent months, but demand for safe-haven assets began to spike after Trump announced on Saturday that the US would impose tariffs on imports from Canada, Mexico and China.
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Will India’s Harley Davidson-linked tariff cut rev up Modi-Trump talks?
By Biman Mukherji
India’s move to slash tariffs on goods ranging from electronics to Harley-Davidson motorcycles is seen as New Delhi paving the ground to ease trade tensions with Washington ahead of Prime Minister Narendra Modi’s visit to the US for talks with President Donald Trump.
Delhi lowered tariffs on goods in the federal government’s budget on Saturday, reducing the average import duty by one percentage point to 10.66 per cent.
Among them are 1,600cc engine motorcycles – a category dominated by heavyweight touring and cruiser bikes, which are Harley-Davidson’s speciality. Tariffs on fully built imported motorcycles were reduced to 30 per cent from 50 per cent. The move should benefit the American company and help it sell more motorcycles to India, analysts said.
Harley-Davidson motorcycles were highlighted by Trump in 2023 when he criticised India’s high tariff structures, citing the duties imposed on the vehicles made by the US company as an example.
Modi is set to make a two-day visit to the US from February 12 and hold talks with Trump on issues ranging from trade to defence, a Press Trust of India report said on Monday.
Analysts said Delhi’s measure was aimed at fending off the threat of higher US tariffs similar to those recently imposed on Canada, Mexico and China. On Monday, Trump decided to hold off on the tariffs against Canada and Mexico for 30 days after both countries agreed to bolster security along their borders with the US.
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By Biman Mukherji
India’s move to slash tariffs on goods ranging from electronics to Harley-Davidson motorcycles is seen as New Delhi paving the ground to ease trade tensions with Washington ahead of Prime Minister Narendra Modi’s visit to the US for talks with President Donald Trump.
Delhi lowered tariffs on goods in the federal government’s budget on Saturday, reducing the average import duty by one percentage point to 10.66 per cent.
Among them are 1,600cc engine motorcycles – a category dominated by heavyweight touring and cruiser bikes, which are Harley-Davidson’s speciality. Tariffs on fully built imported motorcycles were reduced to 30 per cent from 50 per cent. The move should benefit the American company and help it sell more motorcycles to India, analysts said.
Harley-Davidson motorcycles were highlighted by Trump in 2023 when he criticised India’s high tariff structures, citing the duties imposed on the vehicles made by the US company as an example.
Modi is set to make a two-day visit to the US from February 12 and hold talks with Trump on issues ranging from trade to defence, a Press Trust of India report said on Monday.
Analysts said Delhi’s measure was aimed at fending off the threat of higher US tariffs similar to those recently imposed on Canada, Mexico and China. On Monday, Trump decided to hold off on the tariffs against Canada and Mexico for 30 days after both countries agreed to bolster security along their borders with the US.
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‘Security paranoia’: China’s military mouthpiece says DeepSeek bans in US benefit no one
By William Zheng
US bans on Chinese AI platform DeepSeek were the result of “security paranoia”, the mouthpiece for China’s military said in a commentary published on Monday, urging Washington to stop weaponising national security concerns that “benefit no one, including the US”.
The commentary published in People’s Liberation Army Daily said the popular open-source AI tool had become “the latest enemy of some US politicians”, despite its popularity around the world.
National security had become an “obsession and convenient excuse for some American politicians to use their power to exert pressure on specific countries and industries”, said the commentary, which was published under the PLA Daily opinion desk’s official pseudonym Junzhengping.
US military personnel and government workers are among those who have been instructed not to use the DeepSeek app.
“In recent years, they have become obsessed with wielding the big stick of national security, especially when it comes to China,” the commentary said. “Almost anything with the word China will trigger an overreaction from some American politicians, exaggerating and hyping up numerous so-called threats.”
White House press secretary Karoline Leavitt said on January 28 that the National Security Council was “looking into” the potential security implications of China’s DeepSeek. The US Navy and space agency Nasa have instructed personnel to avoid downloading or installing the DeepSeek app, citing national security and privacy concerns.
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By William Zheng
US bans on Chinese AI platform DeepSeek were the result of “security paranoia”, the mouthpiece for China’s military said in a commentary published on Monday, urging Washington to stop weaponising national security concerns that “benefit no one, including the US”.
The commentary published in People’s Liberation Army Daily said the popular open-source AI tool had become “the latest enemy of some US politicians”, despite its popularity around the world.
National security had become an “obsession and convenient excuse for some American politicians to use their power to exert pressure on specific countries and industries”, said the commentary, which was published under the PLA Daily opinion desk’s official pseudonym Junzhengping.
US military personnel and government workers are among those who have been instructed not to use the DeepSeek app.
“In recent years, they have become obsessed with wielding the big stick of national security, especially when it comes to China,” the commentary said. “Almost anything with the word China will trigger an overreaction from some American politicians, exaggerating and hyping up numerous so-called threats.”
White House press secretary Karoline Leavitt said on January 28 that the National Security Council was “looking into” the potential security implications of China’s DeepSeek. The US Navy and space agency Nasa have instructed personnel to avoid downloading or installing the DeepSeek app, citing national security and privacy concerns.
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Blackpink’s Jisoo to stop off in Hong Kong as part of Asia tour
By Jeffie Lam
Blackpink’s Jisoo will stop off in Hong Kong and meet fans there as part of the K-pop singer’s Asia tour this year.
The performer’s “Lights, Love, Action” tour would also cover other Asian cities including Manila, Bangkok, Tokyo, Macau, Taipei and Hanoi, the singer revealed on Tuesday.
Ticketing information has yet to be released.
Jisoo is also set to release her first solo mini-album next month.
In January 2023, Blackpink held three sold-out shows at Hong Kong’s AsiaWorld-Expo. The events helped to herald the city’s post-Covid reopening, with tickets being snapped up within hours of going on sale.
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By Jeffie Lam
Blackpink’s Jisoo will stop off in Hong Kong and meet fans there as part of the K-pop singer’s Asia tour this year.
The performer’s “Lights, Love, Action” tour would also cover other Asian cities including Manila, Bangkok, Tokyo, Macau, Taipei and Hanoi, the singer revealed on Tuesday.
Ticketing information has yet to be released.
Jisoo is also set to release her first solo mini-album next month.
In January 2023, Blackpink held three sold-out shows at Hong Kong’s AsiaWorld-Expo. The events helped to herald the city’s post-Covid reopening, with tickets being snapped up within hours of going on sale.
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Hong Kong’s CY Leung, Centaline founder clash over housing supply projections
By William Yiu
A war of words between a former leader of Hong Kong and a major real estate agency has escalated over the government’s housing supply projections, with Centaline Property Agency founder Shih Wing-ching saying the criticism involving his firm amounts to “a personal attack”.
Shih on Tuesday pushed back against remarks by former chief executive Leung Chun-ying, who wrote four social media posts criticising the agency in the past four days.
Leung is now vice-chairman of the country’s top political advisory body, the Chinese People’s Political Consultative Conference.
Shih had publicly accused the administration of inflating the supply statistics to create a perception among residents that authorities had been making progress when the actual number should be lower than presented.
Leung earlier defended the inclusion of unsold flats in supply numbers in the next few years and questioned if Shih wanted to boost his company’s commission income by making such remarks.
Appearing on a radio programme, Shih said on Tuesday: “How could I challenge [Leung] as [one of the] state leaders? … If you discuss an issue with me, let’s focus on that. If the discussion involves my business, then it is a personal attack.”
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By William Yiu
A war of words between a former leader of Hong Kong and a major real estate agency has escalated over the government’s housing supply projections, with Centaline Property Agency founder Shih Wing-ching saying the criticism involving his firm amounts to “a personal attack”.
Shih on Tuesday pushed back against remarks by former chief executive Leung Chun-ying, who wrote four social media posts criticising the agency in the past four days.
Leung is now vice-chairman of the country’s top political advisory body, the Chinese People’s Political Consultative Conference.
Shih had publicly accused the administration of inflating the supply statistics to create a perception among residents that authorities had been making progress when the actual number should be lower than presented.
Leung earlier defended the inclusion of unsold flats in supply numbers in the next few years and questioned if Shih wanted to boost his company’s commission income by making such remarks.
Appearing on a radio programme, Shih said on Tuesday: “How could I challenge [Leung] as [one of the] state leaders? … If you discuss an issue with me, let’s focus on that. If the discussion involves my business, then it is a personal attack.”
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Chinese developer Sino-Ocean’s debt plan wins court approval in UK
By Yulu Ao
Indebted Chinese developer Sino-Ocean Group won approval for its restructuring plan from a UK court on Monday despite objections from some creditors, potentially paving the way for it to prevail in a liquidation lawsuit in Hong Kong.
London’s high court approved the builder’s offshore restructuring proposal, which allows the state-backed company to overhaul some US$6 billion in debt. The proposal, first unveiled in July, was opposed by an ad hoc group of creditors.
The developer, which counts state-backed China Life Insurance and Dajia Insurance among its top shareholders, wants to repay creditors by issuing US$2.2 billion in long-term bonds and a combination of new mandatory convertible notes and perpetual securities.
“I have no doubt in this case that the value split is substantially fair as regards the split between all the classes of creditors in the plan,” Justice Nicholas Thompsell wrote in the judgment. The plan may be “unduly generous” towards shareholders, but for good reason, as retaining the firm’s state-owned status “increases the value of the plan to each class of creditors beyond that which they would enjoy in any alternative plan”, he said.
Sino-Ocean’s Hong Kong shares gained 13.6 per cent to HK$0.25 as of 3pm on Tuesday.
The company has received consent for the plan from most of its lenders but has been stuck in a deadlock with a bondholder group and also faces a Hong Kong liquidation lawsuit.
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By Yulu Ao
Indebted Chinese developer Sino-Ocean Group won approval for its restructuring plan from a UK court on Monday despite objections from some creditors, potentially paving the way for it to prevail in a liquidation lawsuit in Hong Kong.
London’s high court approved the builder’s offshore restructuring proposal, which allows the state-backed company to overhaul some US$6 billion in debt. The proposal, first unveiled in July, was opposed by an ad hoc group of creditors.
The developer, which counts state-backed China Life Insurance and Dajia Insurance among its top shareholders, wants to repay creditors by issuing US$2.2 billion in long-term bonds and a combination of new mandatory convertible notes and perpetual securities.
“I have no doubt in this case that the value split is substantially fair as regards the split between all the classes of creditors in the plan,” Justice Nicholas Thompsell wrote in the judgment. The plan may be “unduly generous” towards shareholders, but for good reason, as retaining the firm’s state-owned status “increases the value of the plan to each class of creditors beyond that which they would enjoy in any alternative plan”, he said.
Sino-Ocean’s Hong Kong shares gained 13.6 per cent to HK$0.25 as of 3pm on Tuesday.
The company has received consent for the plan from most of its lenders but has been stuck in a deadlock with a bondholder group and also faces a Hong Kong liquidation lawsuit.
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DeepSeek’s success gives Chinese firms jolt as Beijing seeks sanction-beating breakthroughs
By Frank Chen
The sudden success of Chinese artificial intelligence (AI) start-up DeepSeek comes as a morale booster for the country’s researchers and tech companies, who have been tasked by Beijing to push for breakthroughs in the face of US-led curbs on the trade, industry participants and analysts said.
DeepSeek’s emergence has also changed perceptions among economists and investors towards China’s capacity for innovation, they added, vindicating a long-term push by the country to build up its home-grown talent and technologies.
“We had grown so used to the pervasive narrative that China can only play catch up and the US’ lead is nearly insurmountable, until DeepSeek emerged,” said Ye Kejiang, a doctoral researcher and head of the cloud computing programme at the Shenzhen Institute of Advanced Technology. “Its success has demonstrated that Chinese firms can conjure breakthroughs amid adversity. It’s a feat science and tech workers like me can relate to.”
With DeepSeek’s R1 language model – unveiled in late January and stunning the tech world with performance rivalling industry leaders at a fraction of the development and use cost – redrawing the global AI landscape, the Zhejiang-based company has become synonymous with China’s efforts to overcome tech bottlenecks, largely in the form of import restrictions imposed by the United States.
Ye, whose institute is part of the Chinese Academy of Sciences, said the firm’s achievement has provided a powerful argument for the feasibility of staking out a claim in the complex tech sector, even without access to the most advanced components.
“DeepSeek shows … China is not behind the West in some aspects of the tech race, like software design,” he said. “China has no shortage of smart, capable talent, whose ingenuity can be on a par with those in the West and even outsmart them.”
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By Frank Chen
The sudden success of Chinese artificial intelligence (AI) start-up DeepSeek comes as a morale booster for the country’s researchers and tech companies, who have been tasked by Beijing to push for breakthroughs in the face of US-led curbs on the trade, industry participants and analysts said.
DeepSeek’s emergence has also changed perceptions among economists and investors towards China’s capacity for innovation, they added, vindicating a long-term push by the country to build up its home-grown talent and technologies.
“We had grown so used to the pervasive narrative that China can only play catch up and the US’ lead is nearly insurmountable, until DeepSeek emerged,” said Ye Kejiang, a doctoral researcher and head of the cloud computing programme at the Shenzhen Institute of Advanced Technology. “Its success has demonstrated that Chinese firms can conjure breakthroughs amid adversity. It’s a feat science and tech workers like me can relate to.”
With DeepSeek’s R1 language model – unveiled in late January and stunning the tech world with performance rivalling industry leaders at a fraction of the development and use cost – redrawing the global AI landscape, the Zhejiang-based company has become synonymous with China’s efforts to overcome tech bottlenecks, largely in the form of import restrictions imposed by the United States.
Ye, whose institute is part of the Chinese Academy of Sciences, said the firm’s achievement has provided a powerful argument for the feasibility of staking out a claim in the complex tech sector, even without access to the most advanced components.
“DeepSeek shows … China is not behind the West in some aspects of the tech race, like software design,” he said. “China has no shortage of smart, capable talent, whose ingenuity can be on a par with those in the West and even outsmart them.”
via SCMP Full Text Feed
Hong Kong property sales slip to 4-month low as tariffs, interest-rate path unnerved buyers
By Cheryl Arcibal
Property sales in Hong Kong fell to a four-month low in January, pointing to a more challenging environment for the sector in the coming months as buyers were rattled by rising geopolitical tensions and uncertain interest-rate trajectory.
Deals involving residential and commercial properties and parking spaces dropped 10.4 per cent to 4,938, while the value declined 14.2 per cent HK$36.7 billion (US$4.7 billion) from a month earlier, according to Land Registry data published on Tuesday. Both hit the lowest levels since 3,843 transactions worth HK$27.7 billion in September.
Transactions rose 12.2 per cent from a year earlier, while the value increased 9.1 per cent, according to the data.
Sales are not likely to gain momentum this month, according to Ricacorp Properties, as US President Donald Trump fired what could be the first salvo in a new round of tariff war with trading partners including China, Mexico and Canada. The Federal Reserve last week kept its key interest rate unchanged to reassess inflation and labour market conditions.
“The overall transaction registration volume in February will only remain stagnant, or show a slight increase at best,” said Derek Chan, head of research at Ricacorp. “Property investors have turned cautious” to see how the tariff war plays out, he added.
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By Cheryl Arcibal
Property sales in Hong Kong fell to a four-month low in January, pointing to a more challenging environment for the sector in the coming months as buyers were rattled by rising geopolitical tensions and uncertain interest-rate trajectory.
Deals involving residential and commercial properties and parking spaces dropped 10.4 per cent to 4,938, while the value declined 14.2 per cent HK$36.7 billion (US$4.7 billion) from a month earlier, according to Land Registry data published on Tuesday. Both hit the lowest levels since 3,843 transactions worth HK$27.7 billion in September.
Transactions rose 12.2 per cent from a year earlier, while the value increased 9.1 per cent, according to the data.
Sales are not likely to gain momentum this month, according to Ricacorp Properties, as US President Donald Trump fired what could be the first salvo in a new round of tariff war with trading partners including China, Mexico and Canada. The Federal Reserve last week kept its key interest rate unchanged to reassess inflation and labour market conditions.
“The overall transaction registration volume in February will only remain stagnant, or show a slight increase at best,” said Derek Chan, head of research at Ricacorp. “Property investors have turned cautious” to see how the tariff war plays out, he added.
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