Stories from Hong Kong · Hong Kong

A proposal for a new windfall tax on corporate profits has been discussed. This comes as OpenAI faces increased competition and potential internal target shortfalls.

China plans to invest in the AI company DeepSeek, valuing it at $50 billion. This investment highlights China's focus on AI development. This investment is expected to significantly boost the AI sector.

Senior Superintendent Carmen Lern from the Cyber Security and Technology Crime Bureau advised organizations to check their internet-facing systems for threats. The nature and scope of these threats are currently under investigation.

Members of the US Congress have raised the case of imprisoned Hong Kong media mogul Jimmy Lai. The issue was discussed with President Xi Jinping. His son fears the 78-year-old is running out of time. The US President has urged for Lai's release.

Metis TechBio, a biotech company utilizing AI for drug formulation and delivery, saw its stock price surge by up to 185% during its initial public offering on the Hong Kong market. The company raised approximately $270 million through this IPO.

The CICC Guosen Hang Seng Technology ETF (QDII) fund, with a premium close to historical lows, is looking to capitalize on the recovery opportunities in the Hong Kong stock market. This presents an opportunity to capitalize on the recovery of Hong Kong's tech sector.

Eli Lilly has acquired Insilico Medicine for $2.75 billion, signaling a investment in AI-driven drug discovery.

While China may lag in hardware development for AI, its software sector is leading in applications and uses. This is according to an analysis of the industry.

A bus company stated that its vehicle was proceeding through a green light when a truck ignored a red light and turned into its path. The company is asserting its version of events following the accident. This statement comes from the bus company's perspective.

The World Bank has informed the BBC that China does not require additional financial aid. CBN São Paulo reported on election figures, with 32% for the current governor.