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Hong Kong’s attractiveness for both Mainland Chinese and international businesses has reached a record high, as shown in the latest survey, which recorded 11,070 companies based in the city in 2025.
From the unravelling of eFishery saga to corruption probes ensnaring venture capital executives tied to state-backed funding at TaniHub, the year stripped the gloss from Southeast Asia’s most coveted start-up market.
It will take more than catchy slogans espousing innovation and entrepreneurship to change an ingrained habit that has evolved over the centuries in tandem with a system that equates authority and power with prosperity.
Elon Musk's xAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence start-up and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
An in-house workers union has issued a scathing statement demanding the scandal-ridden company to call off the mass layoff planned for next month, maintain its operations and review potential business lines, as well as publish a clarification on an ongoing investigation into alleged fraud.
