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South China Morning Post

All the latest breaking news from Hong Kong, China and around the world

Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut

Manycore Tech, a design software developer hailed as one of Hangzhou’s “Six Little Dragons”, made its trading debut in Hong Kong on Friday, with shares rising 172 per cent at the open, as the company positions itself at the intersection of artificial intelligence and the physical world. The company’s shares opened at HK$20.70 (US$2.64), rising 172 per cent versus the offer price of HK$7.62. The...
With Art March, Hong Kong is firmly on the global cultural map

March is a highlight of Hong Kong’s cultural calendar. Last month, as I welcomed delegates to the International Cultural Summit during Art Week, many told me they had come to network with local and international collaborators and explore Hong Kong’s museums, galleries and performance venues. Tens of thousands attended Art Basel, Art Central, gallery openings, performances and other events across...
Australia acts to protect winter crops with emergency Indonesian fertiliser deal

An Australian company will import 250,000 tonnes of urea fertiliser from Indonesia in the coming months, easing fears of a shortage that would crimp food production, Canberra said on Friday. Australia is one of the world’s biggest exporters of crops including wheat, barley and canola but relies on fertiliser imports that are threatened by ‌the war on Iran, which has cut supply from the Middle...
Mastering the shadows: explore lives, extraordinary skills of ancient Chinese thieves

Beneath the rigid honour codes of the criminal underworld, ancient Chinese thieves operated in a high-stakes gamble against the state. For those who broke the law and were captured, the cost of failure was inscribed on their skin or paid in blood through facial tattooing, brutal amputations, or the executioner’s blade. From mastering qinggong (light body technique) to extreme contortion, their...
China’s AI firms scaled up on open-source models. The next phase may be different

In China’s hyper-competitive and lucrative tech industry, releasing cutting-edge artificial intelligence models for free may seem counter-intuitive – but it has become a core business strategy. At the University of Hong Kong last November, Alibaba Group Holding chairman Joe Tsai was asked why the tech giant open-sourced its AI models. Addressing a room full of students, Tsai said he believed...
How Shanghai reduces faecal bacteria presence in hotels to less than 1%

When it comes to hotel rooms, “luxury” does not necessarily mean clean and hygienic. A number of studies have shown that light switches and television remote controls are among the objects with the highest levels of bacterial contamination, while toilets and bathroom sinks also contain high levels of microbial organisms. A 2012 survey in the United States – which is still cited by the travel...
Bars gearing up for bumper Hong Kong Sevens weekend

Bars and restaurants are gearing up for a bumper three days during the Hong Kong Sevens rugby tournament, brushing off concerns that rising airfares because of the Middle East war might put off visitors, with some operators expecting a surge of up to 40 per cent compared with a regular weekend. Business magnate and Lan Kwai Fong Group chairman Allan Zeman told the South China Morning Post that...
North Korea’s Kim ramps up show of force as US war on Iran raises stakes

As the war on Iran continues to command global attention, North Korean leader Kim Jong-un has stepped up his appearances at military events, using drills and missile tests to project confidence at home and defiance abroad. His heightened visibility suggests that Kim feels more secure in his country’s nuclear deterrence as Washington’s focus is pulled in several directions, analysts say. Kim has...
IMF says it is restoring relations with Venezuela

The IMF said on Thursday that it was restoring relations with Venezuela, a country whose ties with the institution had been on pause since 2019. “Guided by the views of International Monetary Fund members representing a majority of the IMF’s total voting power, and consistent with long-standing practice, the Managing Director Kristalina Georgieva today announced that the IMF is now dealing with...
Why biggest threat to US’ global dollar dominance may well be Washington itself

China has crafted markets, mechanisms and incentives as the world’s largest buyer of commodities in a bid to free itself from its dependence on the US dollar, but the biggest threat to Washington’s global dollar dominance may well be Washington itself, witnesses said in testimony on Thursday before a key advisory committee to the US Congress. Economic sanctions and access to US-led global...