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China's Ligent seeks about US$723 mil in Hong Kong IPO, targets AI-related expansion
12+ hour, 11+ min ago (361+ words) (Sept 14): China's Ligent Technologies seeks to raise about HK$5.67 billion (US$723 million) in a Hong Kong initial public offering (IPO) to fund product development and expand production, showed a prospectus filed at the stock exchange on Monday. The maker of…...
Developing Asian nations sour on US$7 billion gas bill
13+ hour, 52+ min ago (760+ words) (Sept 14): The loss of a fifth of liquefied natural gas supply due to the US-Iran war is blowing out costs for Asia’s developing markets, and forcing a rethink of the fuel’s long-term future in the region. Qatari shipments of LNG…...
Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs — Reuters
4+ day, 3+ hour ago (284+ words) (Sept 10): Beijing-based AI start-up Moonshot is considering dual listings in Hong Kong and Shanghai to boost fundraising and exposure, the South China Morning Post reported on Thursday, citing two people familiar with the matter. The developer of the Kimi large…...
Louis Vuitton loses sales in China after tea logo case backlash
4+ day, 5+ hour ago (611+ words) (Sept 10): In June last year, Louis Vuitton opened a huge cruise ship-shaped store in the swanky Jing’an neighbourhood of Shanghai. The inauguration drew crowds, with the star-studded invitee list including popular actors like Lin Yi and Gong Jun, the brand’s…...
Huawei lifted prices for its best AI chip by 60% this summer
4+ day, 5+ hour ago (163+ words) (Sept 10): Huawei Technologies Co has notified some clients that it’s significantly increasing the prices of its most advanced AI accelerators, reflecting how demand is rapidly outstripping supply during the data centre boom. Huawei’s decision underscores growing demand for a Chinese…...
HE Group bags RM25 mil power distribution system works for NAND flash manufacturer
4+ day, 5+ hour ago (200+ words) KUALA LUMPUR (Sept 10): HE Group Bhd (KL:HEGROUP) has secured a purchase order worth an estimated RM25 million for power distribution system works for a manufacturer of NAND flash memory products in Malaysia. In a bourse filing, the electrical engineering services…...
China's EV penetration could reach 80% by 2030, Sinopec researcher says
4+ day, 6+ hour ago (243+ words) SINGAPORE (SEpt 10): China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth…...
Weak Southeast Asia bond auctions offer buying chance, funds say
4+ day, 11+ hour ago (311+ words) (Sept 10): Sluggish demand at Southeast Asian bond auctions is creating entry points for fund managers drawn to the region’s economic resilience. Western Asset Management and Aberdeen Investments are among institutional investors maintaining an upbeat view on the region, citing domestic…...
Global goods trade strengthening despite tariffs, Middle East tensions, WTO says
4+ day, 22+ hour ago (269+ words) GENEVA (Sept 9): Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the World Trade Organization said on Wednesday, signaling resilience in merchandise flows even as risks remain elevated. The September reading of the WTO's barometer tracking…...
KLK redesignates Lee Jia Zhang as CEO, succeeding father Oi Hian
5+ day, 2+ hour ago (288+ words) KUALA LUMPUR (Sept 9): Kuala Lumpur Kepong Bhd (KL:KLK) has redesignated its chief operating officer Lee Jia Zhang as chief executive officer, effective Oct 1. Jia Zhang, 43, will fill the vacancy left by his father, Tan Sri Lee Oi Hian, who…...