The adoption of generative artificial intelligence (GenAI) in Hong Kong’s financial services industry is gathering pace, with a study showing that 75 per cent of companies surveyed are designing or implementing at least one use case. This figure is projected to rise to nearly 90 per cent within the next three to five years, according […]
TikTok Shop, a major e-commerce platform connecting Chinese vendors with overseas consumers, has flagged US tariff risks to its merchants, as well as promoting European sites, after US President Donald Trump tripled tariffs on small parcels exported from mainland China and Hong Kong, which were previously exempt from duties. The ByteDance-owned platform has informed merchants
Venture capital firm Andreessen Horowitz is seeking to raise about US$20 billion in what will be the largest fund in its history, to capitalise on global investors’ interest in backing US artificial intelligence companies, sources told Reuters. The tech investment firm, known informally as a16z, has told limited partners that the fund will be dedicated
Micron’s overseas manufacturing sites are largely based in Asia, including mainland China, Taiwan, Japan, Malaysia and Singapore. The company notified its customers in a letter that while Trump’s announcement last week exempted semiconductors, which account for part of Micron’s portfolio, the tariffs applied to memory modules and solid-state drives, the sources said. Those products, used
US memory chipmaker Micron to impose tariff surcharge on some products, sources say Read More »
